Thank you all for the UK INVESTOR SHOW feedback. It seems AR remained tight lipped and rightly so. Great to learn he would have loved to tell us what is going on but couldn't. Sounds good to me if its good with AR. I think we will have a good day tomorrow and next week as people start taking there positions in NEW with anticipation of news in the short term.
Adam Reynolds will look after 'long suffering shareholders'. He said that himself in a podcast which is what attracted me to the company as well as his recent successes of turning companies around.
I have bought my holding and have set aside the equivalent in cash to buy my allocation of shares in the fund raising that is offered to existing shareholders. By the way I only expect to be able to buy up to 50% of my holding in any fundraise as we know AR will take a big chunk and a few selected others. Thats why I think it is key to buy a stake now. Yes the fundraising will be at a discount to the prevailing share price. Again that is something else Adam Reynolds said in the podcast. BUT (I put that in capitals deliberately) the company have plenty cash already which means we do not have to raise as much funds therefore any dilution hopefully will be minimum. All depending on the size of the deal though. Interesting times ahead. When news comes it will move fast and many people will be scrambling to get on board and not miss out on a potential 10 x investment return, such as AR did with Optibiotix.
Personally do not foresee a discounted placing here first with funds of 2 mill plus already available. Anything under .7 is a great entry point and I've personally been accumulating at 0.6. New can break or leak at any time and this is the shell of the moment. Nick Lee of Prs is a shrewd guy and has done well with his investments lately, it can pay to follow the form
More or less what I expected Adam cant give out any details or he will get slated id probably say what was the point in having the stand why not save the money for the company. Any way I think it is about time we start to see progress as things have been a bit on the slow side.
OIlriches, if you sell down then you'll reduce the amount what you hold now to buy. I understand that priority to participate in placing will be the shareholders first. I foresee it will be different from the last placing and will be over subcribed by shareholders and may not be opened to open market (similar to when they did AR's previous RTO companies (OPTI and NIPT)
You'd think any placing would be at a lower price than today but I'm not so sure. Nick Lees PRS has ploughed 256k in at 0.07 and he's on the bod. It would have been daft to do that if a placing was goin to be lower? I dont see it being alot lower than 0.07. Plus ARs will be taking a fair old stake at the placing price. Bit of a no brainer at current price imo.
FRI stand didn't have much goin on either. I think they will both be busy next year!!! I believe TW took some of the placing at FRI too. I think an RTO in NEW will be sooner rather than later. Ive heard Lots of chatter.
ARs did also say he'd Love to say what's going on with NEW but couldn't. For that reason alone I believe there must be Something happening imo. He also commented on over priced stocks, promoted by TW of course, TW Was alluding to ADL to which ARs said it's fine if a stock has say 2m cash and trading with a MC of around 3m. I assume he was referring to NEW as that sounds about right.
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