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And the MMs do another tree shake, you couldn't make it up.
GLA
Well Cathal's and Jeremy's big buys last week have had the totally opposite effect on the SP. From 11.5p down to 9.0p...?
2 events coming up in March as well, 9th is the Master Investor Show and 18th - 20th is the BIO - Europe Spring. Lots of opportunities to further the cause IMHO.
GLA
I'd be happy with a $ 2 billion deal for Polb-001...that's about £3.00 a share...or is that wishing too much? 🤔
New March 2024 interview with Jeremy
https://youtu.be/xYAKldrAW0M
This is correct.
Thanks for that confirmation Moniman. At least they have a target to reach that is easier without dillution
Hello Spuddymadrid, the EIP options are being issued free of charge (0.01p) so if the shares reach 17.95p the directors and other staff get all that as profit so they don't need to be any higher than that, the only other criteria is the price remains at or above the target price for 14 days it seems. 😉
Should have said 17.945 pence and not 19.945 pence !!!
Hello there Moniman. Hope all well with you. Yes annoying to see SP drift lower but not surprising given the lack of concrete newsflow at present. I did not see mentioned anywhere in the EIP any expiry date. The one good point with the EIP is that there is a benefit to growing the share price rather than dilluting the share. Whilst I expect that we will see some dillution of our holdings at some stage I think we are now more likely to see the managment team focus on share price growth through parterning ahead of any equity based in -license or equiity based takeover. Also as these are share options in order for them to be worthwhile the share price would have to be considerably over 19.945 pence.
Seeing the SP retreat from 11p to 9p makes me question the motives behind Cathal's and Jeremy's big buys last week? Mmm 🤔. Big EIP's granted with minimum target of circa 18p so Jeremy and his new 'Amryt' team etc need to get a shake on if they want their rewards!
I did think of having a punt on RedX some weeks back and decided against it. At 18p today after the start of phase 1 trials one would think that they would have had a little sustained rise but no, AIM can be a cruel market and I am mainly disinvesting myself as it is completely unregulated and treated as a cash cow for the directors.
Avacta has always been a basket case,it burns through cash faster than a Labour run Council. Cathal has put a lot of his own money into Hvivo and Poolbeg and whenever cash was raised in the early days at Hvivo it was at a premium. Avacta boss sold a huge amount of shares about 2 years ago at 180p to buy a house I believe, just before the SP crashed? For that reason alone I wouldn't touch Avacta with a barge pole. I do now like the look of Redx seeing as it is now trading at a significant discount to three previous placings at 59p, 56p and a recent 26p raise in November, the recent $870 million contract news at Redx seems good news on the face of it and $10 million stage payment makes Redx an interesting play at 19p today. JMO Adyor!!!
Not great over at Avacta with the raise announcement just after hours today. Heading for a nice drop tomorrow morning. Alot will be heading for a 30% plus paper loss . I hope that we don't wake up some day to similar happenings here in Poolbeg. We have been promised that we will not have to return to the markets and that is one of the refreshing reasons why I have a large stake here. We need action here soon not the usual promising spiel we have been repeatedly hearing. The expanded team had better bring the bacon home and I believe that they will. There will be no playing solitaire in the office with Cathal Friel now keeping a watchful eye.
Model code suggests a 30 day close period but obviously negotiations and deals can still happen within that period, as long as they weren't known about at the time of buying
Exactly Moni, clearly nothing coming in the near term re POLB001, I suspect we might hear something by mid summer time, anything before then and the team wouldn't have been allowed to buy. It's a waiting game I'm afraid, but all good things come to those who wait.....
Nice little walk down by the MM's..not sure what CF and JS were up to with buying last week? Obviously no imminent announcements as they would be prevented by the NOMAD one assumes...?
Https://www.labiotech.eu/in-depth/biotech-tackling-cytokine-release-syndrome/
An interesting read posted on the Telegram and other site recently.
Fair point Ironman22. Any idea of the timeframe involved?
Its not surprising he's not bought alot when he's just been awarded 4.6 Million shares that will vest very soon.
Perhaps I'm in a minority of one on this but whilest I'm delighted to see Jeremy putting his hand in his pocket I was hoping for something a little more substantial than Stg£15.5k. Its relative "chicken-feed" to someone like him I would have thought?
That went into HVO 10 minutes later and explains the quick jump there as well...
Big £132K sell late announced from 12.29 pm may explain sudden drop today.
For long term IPO holders, 30 days or 60 days is totally unimportant. For late coming, day trading carpetbaggers, 30 days will seem like an eternity here. I'm sure CF and Jeremy have some idea where this is going despite not having a contract signed for anything yet. The NOMAD has obviously given them the green light for directors to buy. JMO Adyor!