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Im not sure of the answer to that one Olip. I chat with people on ADVFN thread about Akers. A few of them are very knowledgeable and you might want to put the question to them
Agree that it's hard to tell where a SP will end up post consolidation. I've seen them go either way: Findel went up, Premier Foods was down for a long while before recovering. That said, simple consolidation isn't the story here. I can't think of another case where the consolidation was designed to bring a share into line with NASDAQ rules. Price here is going to be driven by the IPO price and therefore how many share need to be sold/issued to get Akers to its $17.5m funding target.
When they list o NASDAQ they want the listed share price to be more in keeping with similar sized companies, rather than a few pennies a share. Having a higher value share also means that the share price can drop without becoming fractions of a penny. Usually, when a share is "consolidated" its value is reduced, that remains to be seen. They are going to divide the number of issued shares by 156, so, instead of shares of say 3.9p each they will be £6.16. If you had 100,000 share at 3.9 you will have 641 shares at £6.16 (at that price as an example) If the number of shares you hold is not divisible by 156, you will get a cash equivalent refund if it is over $5 I expect in the event for them to drop below £6, by how much I don't know. It's anybody's guess where this share price will be by January. I am holding
The company doesnt have a high profile due to its poor performance in the past. Also, news feeds are limited because of the NASDAQ application so there may well be stuff going on in the company that they cant publicise just yet
AKR has had a given a very unpredictable ride over the past few years, from highs of 28p back in 2008 to lows of 0.75p! I am not sure where the share price is going. On the one hand the nasdaq listing is positive and funds raised may enable faster growth on the other will the funds raised on nasdaq dilute my existing shareholding to significantly reduce its value. So, I don't know whether to "top up" now or wait until the nasdaq listing takes place. So I am not talking about AKR because I am waiting and seeing. What did the mail say?
why is there no one talking about this share it was recommended in the mail a few weeks ago so what happened to it
No SP movement since 11 this morning. Unlikely that there have been no trades. Wonder if this might be the start of the NASDAQ launch?
Hope it sorts itself out. £86k will have a significant impact on the SP
This happens a lot. I don't think it's mm's but it's the computer system not recognizing buys & sells!
Why is an £86k buy being shown as a sell? Market makers up to something?
Hopefully good news around the corner!
WOnder why? Market makers up to something?
86K buy shown as sell!
Akers resubmitted application to Nasdaq on 1st November . Cant be much longer now until we have a decision surely http://www.nasdaq.com/markets/ipos/company/akers-biosciences-inc-668645-73185?tab=financials
Nice move today. People taking position.
Back to 4p buys! Next news should not be far away.
Thanks for that. Also recently this was in Daily Mail which I have posted before. I have therefore increased my holdings! Daily Mail Article: Keep an eye on Akers Biosciences, 0.05p easier at 2.32p. Top-rated Henderson fund manager Rob Giles has personally bought a 6.5 per cent stake in the company which is involved in the development and sale of disposable diagnostic testing devices. It recently developed breathalyser technology for detecting lung cancer at early stages, as well as monitoring diabetics for their blood acid levels. It also plans to list its shares on Nasdaq.
No news on NASDAQ yet. I did notice that they had to resubmit their application around a month ago so maybe thats causing the delay. All news on Akers is being withheld until we know if the IPO is going ahead so hopefully there is good news waiting for us. Check their status here on the NASDAQ link http://www.nasdaq.com/markets/ipos/offering-history.aspx?expert=aegis+capital+corp
Good morning. I topped up yesterday whilst SP stable. Any news on Nasdaq? Thanks!
SP looks to be stabilising around 3.8p. Still keeping my beady eye on Nasdaq application http://www.nasdaq.com/markets/ipos/offering-history.aspx?expert=aegis+capital+corp
Happy with where we are now and more patience will pay off even further!
SP starting to drop off slightly. Expect the next big news event will be NASDAQ IPO. Or as you say Kums, maybe profile will be raised by IC, FT in the meantime.
I think holding has gone up. Last time 8/10/12 RNS holding went below 5%. Now it's crossed or reached 6%. I am 100% up.
I honestly cant understand why they are selling now. I bought last December and I could walk away with a 160% profit but I'm holding for the NASDAQ IPO outcome and beyond. Akers have a diverse number of products available/ in development / awaiting approval from regulatory bodies. (See Akers - product development post). Once they are all up and running and being much more aggressively marketed by Chubeworkx, im expecting this share to soar
Keeping hold of my shares!