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Earache do you have brain ache as well, You seem to like arguing when you are shown to be wrong, do you think that will change the outcome?
You are conflating the total value for ORPH, against the value of 1 share in Hvivo and what that would be valued now.
Your egg analogy is completely wrong too, it doesn't matter if you add a billion eggs to your lot, if the price is still 26p per egg.
You're posting incorrections, thats the problem.
he maybe mega boring but he ain’t a clear thinking poster .
Adding eggs together = scrambled
Best try smother analogy.
Just try less than 200 character posts for all our sanity even it it’s carp
youre creating a strawman argument, earache. He was talking specifically about HVO holders and what their holding would now be worth, compared to last year. No one is saying HVO is still about, no one is saying venn is worthless or the countless other ramblings you are getting worked up about. If you had £10k of HVO shares on 26th Jan last year, then they were worth £55k on the same date in 2021.
Dont lose sight of the statement YOU had a problem with and make it about something else, nothing in the below is wrong:
"Why do some people think hVivo shareholders have only got a return of 70% on the ORPH takeover? Closing HVO price the day before the takeover was 11.62 and each HVO share got 2.47 ORPH shares. Therefore 11.62p is now worth 2.47 x 26p = 64.22p. By my calculations that’s a gain of 453% in a year."
For f—-s sake earache, are you a mathamaticián, life is too short.
GLA.
Earache, honestly find it staggering you are trying to argue the toss on the maths of this one. The 15.5 price is factoring the premium that was paid on the share price as part of the deal, Hvo holders before the deal was announced were sitting on about 11.62p per share and as a result of the offer and subsequent takeover, each share rose by about about 450%, why can't you understand that?! It's baffling and so simple to understand. Without the offer, the 15.5 doesn't exist so why are you using that figure instead of the actual share price at the time before the offer?
You spout so much crap on this board, but like the other guy said, arguing 1+1 =3 is a new low for you, it's not even disputable when it's just simple maths
Ignore me, I’m wrong. Too much wine last night. 453% is correct. I need to rest my brain after reading this conversation!
The gains actually 553% - 64.22/11.62=5.53. Just saying, lol.
Enjoy your Sunday all.
Good morning Earache, this is definitely my last post on the subject. I’m sure the BB has had enough of our debate by now!
Our second discussion relates to the ability of an insider (CF) to escape the long arm of the regulator by first placing his personal investment funds inside a limited company. I’m not going to be able to convince you that you are wrong without engaging a high powered battalion of lawyers so we’ll have to agree to disagree on that one.
However, on our first point you are 100% wrong, bigly. Mathematics doesn’t lie and you can’t argue that 1+1=3. A hVivo shareholder had something worth 11.62p the day before Open Orphan offered to buy the company. In Jan 2021 they had something worth 64.22p. That’s it, end of story. You are only embarrassing yourself with incoherent rantings trying to convince yourself that black is white.
Regards, Rod.
I think you need to get things into perspective a bit Earache - lengthy posts at all hours. It's just an anonymous chat board. For goodness sake stop taking it so seriously.
Earache, you do realise:
"If each HVO share of 11.62p (or 15.56p) was worth 2.47 ORPH shares then following the merger each of the converted shares was worth 11.62/2.47 = 4.70p ... That's your starting point if want to compare ORPH then with ORPH now, but leave HVO out of it. It's gone."
....equals +453% right? Exactly what Rod said, just processed in a different order? Youve basically had a go at his maths then proved him right.
"leave HVO out of it. It's gone."
literally the whole basis for the conversation was to say how much better HVO holders were from the final day to the 26p in Jan 2021, so why would you call him up on the calcs then say that?
It’s getting silly now. Your last post is contradictory but let’s assume that we are agreed that you now hold 2.47 ORPH shares instead of 1 HVO share. There’s a really big hint in the offer RNS “Under the terms of the Offer, hVIVO Shareholders will be entitled to receive 2.47 New Open Orphan Shares for every one hVIVO Share”. That’s the numerical difference in old shares v new shares. Would you care to put a monetary value on those 2.47 ORPH shares if, say, a single ORPH share was trading at 26p in Jan 2021?
Thanks for the reply Earache, let’s try and simplify this, shall we?
Dec 2019 You have 1 HVO share which you can sell for 11.62p
Jan 2020 You get 2.47 ORPH shares in exchange for your 1 HVO share
Jan 2021 You sell your 2.47 ORPH shares @ 26p each = sales proceeds 64.22p
Profit to you is 52.60p or 453% of your original holding 11.62p
All clear now?
Earache, what was wrong with the maths on that one?
Ok Earache, let’s tone down the personal stuff and continue the debate, shall we?
Firstly, you state that my post on HVO return from the ORPH takeover was wrong. I set out my calculations so would you mind pointing out where I was wrong?
Secondly, my posts from yesterday were not attacking CF. In fact, I’m in love with CF and I think he’s going to make me very rich! I was merely pointing out that using a limited company as a vehicle for his personal investments would not protect him from pesky regulators. He has recently been bemoaning the fact that he is currently not allowed to buy more shares in ORPH due to his insider status. If your wizard scheme was so foolproof why doesn’t he just use Raglan to beef up his ORPH shareholding?
All the best, Rod.
I’ll leave it there so, Earache. No point in feeding the troll any more. Have a great weekend!
Regarding observing the regs, there's an additional professional/personal reason for the Friel family to be 'squeaky clean' , if this lady is indeed CF's spouse
https://www.linkedin.com/in/pamela-s-iyer-969829b8/?originalSubdomain=ie
Look at her responsibilities at her current employers, PM Group.
Not sure I agree with you Earache! I don’t know the exact structure of Raglan Road Capital but CF’s wife is the same as CF in the eyes of the regulators and it is probably safe to assume that between them they control any of the company’s investment decisions. Therefore, Raglan Road Capital is CF when it comes to enforcement of insider trading and conflict of interest regulations.
Yes you are absolutely right and that is why I'd be pretty sure the Raglan investment in MOGP is nothing to do with OO.
Am I the only one who thinks CF would be in serious trouble with regulators if he took a personal stake in MOGP while simultaneously planning to reverse ORPH assets into the company?