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This is will fly in the coming week or so I reckon, fully funded for the foreseeable, multiple shots on multiple Transformational targets, and I also reckon Huw will have one or two updates to release very soon after the 4th March, admission date, to get the so heading North. Gla holders :-)
This seems to be the doing of an II who is holding sizeable number of shares... rather than individuals who do not have much entitlements from OO. MMs seem to have endless supply of stock to sell. If i was to guess, I think there could be a possibility that SpreadEx and InterTrader who took up their entitlement and forward selling to profit the difference for arbitrage. Who knows?
It is common for people to buy their share entitlement by forward selling the same amount from their existing holding.
Who is selling at these levels? Is it InterTrader, Spreadex or Richard Griffins or retail investors? Can't get my head round it, 13mil cash in bank and a lot of potentially transformational upcoming news flow in H1. Bizarre.
8.905 is also a buy, current sells would be around 8.6.
only 3 trades, 3 small buys.
action next week, MM thinks up, my position is bear until the placing share slop gets washed through. Sell to hit 8p buy maybe 8.2p range.
9p trades are buys...Gla ;-)
Yep, let's wait and see.....those who are thinking they can get back in at 8p are mistaken imho, unless they've taken up their 8p entitlement of course, which is exactly what iv'e done......a sudden and significant re-rate very likely next week, where else can you find multiple shots on multiple targets with raft of potential near term that's expected very soon from from such a well funded Bio at 8p a share...?????? Gla Holders......true and fair value to reflect Evgen's amazing prospects will prevail. ;-)
ps i'm expecting a big bounce tomorrow with the 8p entitlement deadline ending today....On and UP!!! ;-)
Let’s see what happens MM. it is very rare a stock doesn’t hit the raise price on or around the placing shares entering the market.
And the same for existing holders slicing knowing the price will go down to reinvest and reduce average and new investors holding off.
This one's different bigdanny imho..........we're going to have double the shares next week , and that will give Evgen a market cap of c£20m at 8p a share, but they're going to have c£13m cash in the bank, enough funding for the next 2 years according to the CEO, which will "dramatically accelerate development" of their multiple disease target pipeline , anyone of the disease targets could provide transformational upside on success, and we're also awaiting near and mid term newsflow from across their pipeline where positive data could drive the sp to news highs .
We're also awaiting potential game changing news on their Covid/ARDS trial from the assessment of safety and futility by a Data Safety and Monitoring Board ("DSMB") who will review unblinded data on the first 100 patients treated. In addition to the DSMB safety and futility assessment, Dundee University ("the Sponsor") has decided to review the top-level unblinded data in a preliminary assessment of possible efficacy. This may lead to adjustments to the design of the trial for remaining patients, including in patient numbers, and possibly early termination for either safety, futility or alternatively, strong efficacy. It is expected that this initial data will be available during the second quarter of calendar 2021. Positive data will be transformational for all concerned.
I personally can't think of many other Bio's with a similar modest market cap and so well funded, with so many shots on multiple targets from a pipeline so advanced. The current sp sits at a 14% premium to the 8p placing shares. The £10m oversubscribed placing has been taken up by existing Major shareholders and new high quality investors, all of whom must be very confident of Evgen's near, mid and long term prospects going forward, and so i'd be very surprised if the sp heads towards the 8p placing price next week, given Evgen's undoubted transformational prospects and potential and exceptionally strong cash position.....and so i reckon new investors will start flooding in from next week to drive the sp upwards and postive news could drop at anytime to drive it up further...watch this space!!! Gl ;-)
presumably the share price will drop after 8p offer to 8p or lower as shares have been diluted in the short term? this is nothing to do with ramping/deramping just a serious question. Another share im in dipped has dipped below placing price for quite a while even though i believe it will come good.
Last day for 8p entitlement, a big week ahead and plenty of potential positive newsflow thereafter to drive the sp to new highs, with Evgen fully funded for the next couple of years...Exciting times. Gla holders:-)
I’m hopeful. Been quite a few posts in the sng thread about this so decided to buy in. So, placing closing Thursday. Little bit of a drop afterward and then should be cash to proceed. If the ducks are lined up they should have the cheques written already. Hope to see some rise next week.