The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Guys...this is the reality. This company is headed straight to ts destination: administration. Don't doubt it. Buyers of the assets they want, if they want them, know they will buy them much cheaper simply by waiting for this inevitable train crash to happen. Assets? Their top priority/most valuable asset isn't even theirs, is on a questionable license tenure with the new US owners after the divestiture by Novartis. The original license terms of MTX-110 are too onerous to distribute the drug worldwide especially Asia which was the major shareholder's objective. Their other drug, which has now been relegated to second class status after holding out so much promise (why?) isn't getting a market bid for it or the company. Go figure. The ex CEO has gone to Herantis, and guess who was a non exec director there? None other than Jim Phillips. Yes, him. Smart money is waiting for administration. Don't expect a bid anytime soon. The market seems to agree.
good on you CJ..
while you may check back here in a week, unless this has rallied by then, Brother Hamilton might sadly be long gone.. and Big Brenda may be guesting as Small Paula already on a n other BB (s).. etc..
The only way we'll get the gang back generally is a rally here..
...and there has been half decent attempts to get a rally going here this week.. but a decent seller has scuppered it..
...and I'm genuinely confused as to why there is such selling at this - very low imho - s/p level
here's hoping we rally next week though..
….and here's to Haso and the gangs return !!!
Hamiltonbro - I’ve seen your 40p prediction. I will be back in a week or two to see if you’re right and know your stuff.
thanks Ocams and agreed the spreadex notification is a long play ( CFD long perhaps)
but if big buyer(s) around these levels and s/p not rising that means big sellers too... again, a big surprise /shock to me ..
a left field thought that may be way off granted: MM's got left with a big bunch of these on their books through recent rally/crash and they're prepared to off load plenty at a low price now ?
You can't short this on IG , probably be the same on Spreadex, so must be a long bet
I can see a rally readily happeing here too (h) bro
And I'm still keen on feedback on the spreadex holding RNS too..
I go again here on that myself :
Underlying stock ownership could be towards CFD spreadex client activity.... spreadex takes physical ownership of shares towards facilitating client(s) playing long or short without the physical ownership ( and clients get to use the margin 'opportunities' of playing via spreadex etc ) ?
Generally, players would go long MTPH at current - mid 20's p - levels far more than go short it, is my guess... and there is certainly active trading going on here recently.... so it surprises me this s/p isn't moving more outside the 23 to 26p range already...
Here's to a breakout out in an upwardly direction soon !!
Can see this having a run to 40p in coming days.
Nai/DYOR
I need help interpreting this spreadex RNS please.. my GUESS is they've now taken ownership of a chunk of stock... which would allow them facilitate shorting by customers - or proprietarily perhaps - if/when required ?
that said I just now notice a holding notification posted now by spreadex uk this morning :-) .. all I need to do now is interpret what correctly...
Proper shorting not a thing here i'd guess? ( spreadbetting shorting here I don't know about .. but that's synthetic and not real ? )
my conclusion is simply that there's a somewhat meaningful seller around these levels.. that surprises me a lot ..they have to be selling at a loss as this is just about at all time lows ( 18/19p was that.... but that was just touched on and bought into quickly - by me for eg and even small size buying moved it back up smartly - and hopefully this seller clears soon.. this could easily rally then.. it tried to rally yesterday but that selling stopped it quickly, unfortunately)
This share price at just over 1p old money is extremely low now imho ( not to say it cant go lower .. this is AIM after all )
I assume that means a large bet has been taken on. Long or short?