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EXPB: No need to be offensive. I was only reporting what others (ADVFN) had suggested which, given today's announcement of HMG support for British business (details to be revealed in tomorrow), is not unreasonable. BTW when are you going to get some help with your grammar and spelling? You obviously need it.
@turdgarton. Are you serious? The government bailing out these incompetent clowns with tax payer money? When this all goes peer shaped in a matter of weeks and the gov is ridiculed for promising them £27m in grant funding, do you really think they’ll bail them out?
The Government (and BA and Shell) have alighted the VLS train and unfortunately like most British trains these days, it’s broken and won’t be leaving the station.
Panmure bought a net of 42m shares for clients yesterday at between .27p and .33p... who were they buying for I wonder, paying 10-20% over the bid price..
Been in this situation before, hey neil, ( its).
ive took a smallish punt,
gla with your decision.
Correction 0.40p!!!
I agree Jimmy and it's a shambles BUT we know from the like of SFE a fee weeks ago past price paid and SP doesn't matter a jot when a company is in so much financial trouble that they have even stated that 6 weeks is possibly all they can survive for!
Be carful here but I wish all the best of luck for another bidder who comes In and offers nearer to 40p
Only a month ago,
the investers who put up $8 mill , will not be happy if sold for £4mill ish.
Launch of Ohio Technology Facility
23 Oct 2023 07:00
RNS Number : 8833Q
Velocys PLC
23 October 2023
News release
23 October 2023
Launch of 52,500 sq. ft State of the Art Technology Facility
Read this part of the RNS and think why this will go for 0.25p as they have stated they have 6 weeks left to trade basically with no extra funds
Velocys said it continues to explore cash control and other measures to extend its runway. Nonetheless, it believes it is "unlikely" to be able to continue as a going concern beyond the end of 2023, if it does not obtain short-term funding or implement any "meaningful" strategic options by then.
We all know these AIM stocks are a gamble but this admission they are in a desperate position means there will be no big offer from an alternative buyer.
I give it 10 days max before they announce that they will sell for 0.25p already stated
Camp 2 also: Others elsewhere are suggesting that HMG should put up funds to bail them out which, given today's announcement re business support and the £27M already pledged (with matched funding requirement) , is not beyond the realms of possibility. What everyone does seem to agree is that CEO and CFO have failed and that the BoD is incompetent. I can't believe that others in the industry do not see this as an opportunity and that a rival bid will materialise.
Camp 2 for me also, rival bidder in background .
Camp 2 -yep simply ridiculously low, just saw buyer paying last week 0.9p…so there must be a buyer?
Camp 1 - If you think that 0.25p is as good as it gets and you get out with a Premium to what you otherwise would get.
Camp 2 - If you think that around £4M for the market cap is simply too low and that a rival bidder (Oil or Power company) might emerge. Funding needs set aside but obviously on top.
Guys, we know the offer is 0.25p per share, but if we look at the BOD's purchases, they were buying these shares in the summer for 2.5p - 10 times more expensive. It looks like they're going to have a hard time swallowing that 0.25p so they're probably negotiating for more. Hence the current share price of 0.28p. What do you think? Do they have any assets?
...and whole operation MAY take weeks but usualy it is quicker.
Means they are delisted from AIM and you get 0.25p per share you hold.
Who can elaborate more on this " Completion of the Possible Offer would result in the admission to trading on AIM of the shares of the Company being cancelled."
They invested in 2022 its in here
https://markets.ft.com/data/announce/detail?dockey=1330-1000797478en-62LJL4FJ7VGKLUQ9UIHLIRSI8I
More likely they sold out because they got wind of what was going down...
If they know what they are doing why were they involved in a very high risk asset to begin with?
Ruffer LLP has sold all shares in this company and they know what they are doing.
Surely any due diligence on Velocys would have highlighted the outrageous salaries and raised alarm bells. The million (plus) quid for just two members of staff would have gone a long way toward keeping the lights on a bit longer. I still can't get over how they got away with that, and now the shareholders pay the price
Only needs reporting when transaction of intent is complete. Could have taken days/weeks to fill
So two different investment companies both invested recently, buying 37 million shares, and have taken a major hit in a matter of days... ouch.. good timing guys.. It says the date was the 17th, but that's not possible, with only 5.9m shares trading, so was probably on the Tues/Wed when there was a huge amount of shares bought all the way up to 0.95p.. There's still a chunk missing though, as that's only 37m of nearly 200m..
Does anyone know Octopus who just came in?
Mr Elgrebe
I am sorry you have lost your money on this investment. Like company already say "highly unlikely" alternative finance will be secure before need for administration.
Only thing I suggest is dyor on MATD. I believ this will make your loss back with major profit.
Again I say DYOR but do not lie to hear about someone who lose EVERYTHING like you say
Good luck sir & do research like I say. Think you will end up very happy you did 🦉