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If the retail money doesn’t get raised, then the conditional offer doesn’t go through.
If the SP drops below 1.5 today, noone will buy in any of the retail offers. Then it spirals down.
It’s game over realistically, sadly.
Didn't answer the question on going private in the last presentation and now wants a raise from private investors!!!!
Dumb money buts it's not that dumb!!!!????
Not good he never answered the question on going private during presentation and now wants a raise from private investors......dumb money but not that dumb!!!!!!!?????
Well I,ve gone ahead and subscribed to the offer.... probably another big mistake..but I,m to deep in the sh*t to walk away....
Anyone signed up for the retail offer yet...?.
Really can’t see this happening for a number of years.
The future market cap would need to be in the hundreds to benefit some LTHs.
Quick question, with the OO will we get share certs or can you buy through your deales to keep them in ISA?
What is the thoughts on the SP tomorrow? 1.6p?
Although a very different industry, the situation has a lot of parallels with HE1s placement which ws at an even bigger discount and then 8 bagged shortly after, although it has fallen back a bit since. Even the paltry sums taken up by insiders who surely knew the imminent potential - clearly got their backs scratched elsewhere...
550m shares at 1.6p would be under £9m mcap. It was higher than that recently with the funding challenges declared. Could be a good punt from this point.
Well guys, there is a lot of emotion on this board. Anger, pain and remorse.
It’s getting in the way of your seeing things clearly.
Now is the time to buy, guys.
You should have sold long ago. Not averaged down, sold. Some of us said so at the time. Check my posting history..
Now some of you, mind’s clouded with emotion are at risk of compounding the error.
You bought when you should have sold. You must realise that now. At last!
Are you going to sell when you should be buying??
To be fair James Cheek did post he is here to improve the share price. He improved it for himself.😂
Why doesn't big pharma step in and buy it for FUK ALL!!!!!
400 000 000 brand new shares added to existing issue!!!
Just saw the RNS on my feed ..was trading this back during the covid days ..remember making a load from around 50p to around £1.50 …can’t believe a placing at 1.5p ..immense share price collapse …sorry for all holders
You plonker rodney
Looks like 1-2p was spot on as called months ago. Why anyone would buy until this was out of way seems bonkers.
Been watching this from afar for a few months, waiting for the fundraise RNS. Feel sorry for long-term holders, but can't quite get my head around why people would buy in before a signalled Placing.
But on the subject of cashburn.
Apart from the very high BOD wages, where does this 400k/month come from? Is this R&D / manufacturing costs?
Seems very high
I like the fact we have gone for £6m raise and the shareholders have the chance to participate but the discount is criminal , but the position we are in it is also understandable . I will be looking to take as much as i can for 2 reasons, cash is now no longer an issue for us to proceed as long as we raise the amount, and the second is to try and keep as many shares in private hands.
OK so the placing we expected (several weeks ago) has finally and belatedly come and at such a discount of 57.1%. Yet it is actually so much greater than that as Cheek told us it would be necessary and instantly the SP plummeted. Then as time dragged on and we got the wild theories (you know who you are) and no news the SP continued to drop lower and lower. I'm no expert and I am suffering here but why anyone would buy before this announcement is beyond me.
So, we have GDR with two great opportunities (one fairly soon assuming full NICE recommendation in July) and one 12-24 months off. In between we should see some progress.
Assuming GDR raises the gross £8m or so how long will that actually last? Cash burn is £400k per month? We need some pretty instant results post July.
Director buys - their stated commitment is pathetic and is a negative signal. If they were not wanting to be seen to be cashing in on their ineptitude they have failed by implying it isn't worth serious money being risked.
James Cheek - criminal? Inept? Scoundrel? Telling the market we need to raise then not doing so is naive at best and more likely inept or fraudulent. He ought to be dragged before the authorities but won't be. He absolutely must be sacked at the next opportunity.
So, these are my thoughts, now to consider whether to buy at 1.5p.
Sorry for being cabbage like!
What happens if SP falls below placing price?
Could be Vela Technologies if they announce a placing tomorrow morning.
Interesting theory Tiger. Meanwhile, back in the real world, any guesses who might be number 1 on the top fallers board tomorrow?
They have the money already organised ... they waited because they secured the partner and NICE , they needed to let in thier friends but cant through the back door ... so how do you let those is that will share there gains with management .. placing .. then news ...
Hahahahahaha hahahahaha very funny. Nice joke Tifger
We’ll know tomorrow morning by 9am which way this is heading…