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'Even stupid farmers can grow big potatoes' was the comment from my German boss when I told him of my win at a casino over the border in Czechoslovakia. Bet my last 5 Deutsch Mark on 27 and in it came. While celebrating with my colleague a big cheer went up because 27 came in again. I had no idea that the bet stays. So I won again. Must be the luck of the half Irish. Like a few of you jumped in blind yesterday for two reasons CF and calling it UK SPAC. Guiness
I once took one of my local colleagues to a casino in Cairo, where we spent 3 hours playing blackjack, drinking the complementary G + T's and occasionally being distracted by the belly-dancing.
I staked him part of my per diem.
We both came out ahead...and slightly the worse for wear.
Casinos arent for me earache, although some say AIM is one big casino!
The movement on the SP has been somewhat dull after the small burst this morning. But this has become an exciting share to be holding. A big question mark on a box, almost like deal or no deal! With LSE playing the banker and CF playing Noel Edmonds!
What will happen? No one on this BB knows, but CF does... and we will all find out soon... and hopefully it brings us riches beyond our wildest expectations (but could also be a damp squib!)
Yup, im also in with a little... not a lot... not yet anyway.
The worst that could happen is that things go mental, mm's struggle to keep up and we make more money than expected on this ount- it's Friday!
I'm in!
It's Friday....what's the worst that could happen???
;-)
Did CF mysteriously buy in to ORPH/HVIVO before the announcement? Or, was he introduced as and when the announcement is made?
If the former then it is possible we are in line for a repeat here, at least in the sense of CF taking a position in a "lost cause" right before a barnstorming tranformation
I'm in for £2k...
Imagine if you had got in Orph at 2.65p just before this cheeky RNS on the 10th May 2019.. That would be an 11 bagger right there and a long way to go...
https://www.lse.co.uk/rns/ORPH/conditional-acquisition-of-open-orphan-dac-09jl1ddr4xjut1r.html
haha good analogy Ted, and my thinking exactly.
Yeah, I've taken a small punt based on the ORPH connection...
A bit like when your favourite race horse trainer makes a last minute entry to a race with an unknown horse. I'm backing the trainer not the horse :-)
Only fun money so far - but have freed up a bit of capital (not from ORPH - that is locked tight) and will see what unfolds.
GLA - nice to have a bit of excitement here
The risk of dilution concerns the funding required to progress whichever non-core asset is spun off (assuming this is indeed the vehicle).
If this co becomes the immutex spin off, for example, then the dividend in specie from ORPH will ultimately transfer the IP, assets etc from ORPH to MOGP in exchange for shares in MOGP. It is well know that immutex will need a lot of funding to get it through the trials etc, funding that will come from dilution imo.
I dont have much experience in this type if situation, but if MOGP is a spin off vehicle then cash will be required in addition, whichever non core asset ends up making its way over (if any)
Depends what the RTO is.
Based on this within an RNS..... Will there be a huge dilution if extra cash is raised?
"Following Completion, the Company has been designated as a Cash Shell pursuant to AIM Rule 15. As such, the Company must make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) within six months failing which trading in the Company's shares on AIM will be suspended pursuant to Rule 40 of the AIM Rules. Admission to trading on AIM would be cancelled six months from the date of suspension, should the reason for the suspension not have been rectified."
Ding , nice post. ATB
Not a risk at all. You can take 50% profit shortly or wait until end of June and just look at the value of your holdings then.
Based on this......
I have taken a speculative punt. Who knows, i may be receiving a lot more of these if it becomes the vehicle for an ORPH spin off.
My initial concern surrounded the potential for significant dilution, but i am reassured on the basis that CF (via his investment co) have pumped a heck of a lot more than me into this company. My guess is that they havent done it for no reason, or with the expectation of losing money.
One of the blindest investments i have ever made. Could turn out great. Could turn out to be a foolish decision. If it goes south then i will only be risking a small stake and will see it as a learning experience.
Very much a punt, but actually quite exciting :-) its like buying a mystery box. Who knows what's inside...
.... "Orphans" that have jumped on board following the breadcrumbs left by CF and Raglan Road Investment :-)
Took a few this morning as a punt.... selling a few under performing TILS....
Let's see how this unfolds.... could be quite a ride.. GLA