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B009 Exactly. Not the great rise everyone was making it out to be. Disappointing to say the least.
Any particular reason for this poor reaction to the RNS?
Normally a FDA approval RNS would spike up the SP to 100% but here.....
" Tekcapital has 30 days to exercise an option to purchase up to approximately 4.8m Belluscura shares between 21p - 23p depending upon amount invested."
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We have to trust in management to a degree Cam. Not much else we can do, but they know what they are doing and they know how to raise cash if necessary. That's why i'm forecasting a rash of good news from all areas. Think back to December and you get my drift. TEK management has a distinct style.
More news to come on many fronts.
I agree.. they will have no problems raising the funds but the kind of thing that will hold us back... It would only require a dilution of around 7m shares at 20p / 10m shares 16p etc but 30 days to get it through.
" Tekcapital has 30 days to exercise an option to purchase up to approximately 4.8m Belluscura shares between 21p - 23p depending upon amount invested."
I think they could raise that no problem Cam. There has been some serious amount of capital raised in the markets of late. The appetite is there. Existing larger shareholders will probably be already be inquiring and I'd be surprised if we get a look in. I would love a primary bid offer but maybe wishful thinking. A few more days of SP rise would be nice beforehand to up the raise price.
@WG: Absolutely concur with you! Unfortunately, though that's hoe the company(ies) makes their money through the fees/spreads - strictly business and no one makes the buyer buy from them. Not defending these types of plays btw just literally saying it's the way these companies conduct their model/business - but up to buyer to make the executive decision to buy or not depending on well they have done their DD on all fronts.
Weathergeek - Question is... How do TEK raise the funds to take up the warrants ?
At least one of them is not playing fair for sure. A spread that big on a company that just got FDA approval isn't on in my mind. Just no need. Why is the bid and ask always done in penny's? Surely the % spread could be dropped. The profiteering from makers is just to much at those levels in my mind. Really interferes with a free market.
G'morning TopCatz - All is safe and well with me thanks! How are you? Everything all good?
Spot on with your response to Spread to WG comment - I also see different spreads and across multiple platforms - IG / Halifax (iWeb) / H&L and Trading 212.
@WG - I know what you mean with MM taking the p i s s though - but imho the game has changed now esp. since what has been going on recently - got to be even more tactical now with your plays in this game.....I am sure you know what I mean and already knew the game has changed. Just don't the let them have your shares on the cheap if you believe in the firm as I am sure you do - being the frequent on this board with informative info to all. ATB
SPREAD!!!
SPREAD !!!!!
WG. It's IG index that are taking the p1ss - I've got a 0.75p spread through halifax.
Spread betting companies are a rip off on small caps. Ok for blue chips, indeces etc mind
early yet !!
Market makers not playing fair with TEK. 16-18% spread is just wrong, greedy bar steward's. Holding this price back, look at the market cap MM's?? Todays news is worth way more and you are giving away the other investments for free.
Don't forget serious big buyers don't buy first thing. They'll wait until the SP settles and then look to get some value. We'll get a better picture this afternoon imo.
The way I see it.
Belluscura is now worth 50p to TEK - This valuation isn't there yet but with FDA out the way it WILL come.
And we need not say any more on the other investments....
(common Guidant - that's where the big money is that could send this into the £££'s)
Agree on Camkite points, having held for over a year there’s been a couple of points where we’ve been around 20p plus and dropped back. Interesting to see the appetite from US following the news this afternoon. Good for investors that held a long period and sold out of frustration to still have the chance to get back in at the high teens
Yeah this investment will be worth more than TEK's market cap. Fully de risked today, TEK will have investors falling over to give them the money for warrants. Buy one investment, get three free today.
legache to be expected imo, a few things of note...
Market wants clear clarification of a roadmap ahead...
Also... We need money to buy our warrants, it's essentially free money but be need to find £1m+ from somewhere..
Cliff needs to show the market he is capable of delivering long term, which i am sure he will but the proof is in the pud.
This is a marathon not a sprint and any top up's in the Teens will be highly rewarded in 12 months+
Just MM's selling to all the new comers then dropping the bid for LTH who want to sell. Always happens in waves, highly undervalued and great progress coming. It will be way over this price in months to come.
Flat finish when the market realised we still need to produce, market and sell the devices? I still see this as a ten plus bagger but a while off yet, this is a massive step in the right direction though
I'll say it first.
Well, that was disappointing.