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Hi falva,
Did you & the 8 people recommending your post actually read the RNS ?
If you did, then you'd know the Doctor actually bought some of the shares early yesterday morning ahead of signing the form & sending it into the company, for them to then release it as an RNS.
I'm pretty sure he's still going to be buying more shares at the right price, I'm guessing his next target will be 350M shares "when the price is right" for him.
LOTM
Well I'm thinking he actually knows a little about electronics.
Have you thought he thinks Cap-x might actually be potentially a good company.
The SMDs , if Cap-x actually this time get to produce them could be a game changer.
Over 600 capacitors in a high range mobile phone.
One supercapacitor can replace many of these.
That's why I'm here.
For me the key is , what is dr cooley's intention regarding cpx. There was nothing in the rns that was any different to the smoke and mirrors of the many previous years. They are hoping to break even by 2026, that is terrible. If I was cooley I would be looking to buy out this company and start over from scratch. I can't see any other reason why he would want to own 10% of the company.
Oh that all makes sense now ! They have been forced to sell below the placing price ! I understand why that plank was calling me naïve! He could of just been a nice chap and explained! Ha well that makes sense . All seems steady here which is nice
The overhang should clear by next week imo
The reason we can pick up stock at these dirt cheap levels , it won’t last imo
We don't know else took the placing. We know that whoever did was involved in the forward selling hence them selling now under the placing price. Sells outweigh buys so price has dropped 20%. A lot of those 2 billion shares have been bought. Eventually no mass dumping of shares by the placees. Around 1 billion share transactions on the first day after suspension if I remember correctly. Why Cooley is buying? Not sure. I doubt it is just him though.
Dr Cooley knows he's basically the only buyer in town.
With 2 billion placing to dump on the market he knows if he ceases buying for a period the sp will drop.
Quiet period coming I'm guessing.
If Dr. Cooley has been buying since last week, then a holding RNS should be issued within 3-5 working days.
All eyes are on the next RNS now.
Dr. C is Chairman of AIM:LST (Light Science Tech); the results are tomorrow...
"Notice of 2023 Results: The Company expects to announce its audited results for the year ended 30 November 2023, on Wednesday 8 May 2024."
DDx
Anything over 300m traded tomorrow we will see a good move north begin.
He will definitely be getting as you put it serious
Over 400m shares traded today so Cooley could be at 20%+ in May and that would take us to over 1p = a 12 bagger . So a multi bag on the cards if Cooley gets serious .
I think in the next week he will be near or just over 15%
There's no reason to suspect anyone has any inside information. If I was in DC's shoes this is exactly what I'd be doing to ensure I maximized my returns. Like us he might be wondering why Tesla let them off the hook, so after averaging down (rather than simply writing off a bad investment) he has now taken a defensive stance. That's just good investing strategy if you can afford it.
I'm not sure why any of this would be considered "illegal" though, maybe it's possibly against the takeover rules which carry the rather hefty punishments (ahem) as defined below:
https://code.thetakeoverpanel.org.uk/tp/introduction/section-11.html
The rules for those who are considered to be acting in concert are also laid out here:
https://code.thetakeoverpanel.org.uk/tp/definitions/d_acting-in-concert.html
Perhaps DC has made a move now as it didn't bounce back as he thought it would for an easy profit, and he's realised that there's a risk of it being snapped up on the cheap and has gone defensive? The highest price anyone could have paid in past 12 months is now down to 2.35p which would be the "legal" minimum that had to be offered as per takeover rules remember, and all the big players are going to have averaged below this by now.
I'm not an expert on off-shore corporate structures in tax-havens, but I'm fairly sure if somebody wanted to then they could hide a 29% ownership easily enough.
I guess this could all be nothing more than just averaging down, but that could be a mixed blessing if true. Assuming DC had 80 million shares at average of 1.5p before the placing, he's now averaged that down to 0.47p assuming the extra 220 million were 0.1p. Of course he could be holding out for mega bucks, but surely there's got to be a risk that he would now be tempted to sell up at 1p, double his money and go find the next big thing? With a blocking move it's more likely he's going to stay in and squeeze a PE take-over into offering something like 3p so I've got my fingers crossed for that!
Is this his plan. He is very well connected.
Is there a route to ITM via CPX.
If its a blocking g move as suggested....
Then DC has inside information....has he not?
Pretty sure an undeclared consortium would be illegal also.
Or am I wrong?
Also if this is a deliberate blocking move why didn't he take more in the placing and be done with it? Yes I know he's getting them cheaper now, but he couldn't have known the sp would decline this much after the placing, so why take the chance when he could have taken more in the first place.
Ok, but then the said consortium of 3 like minded individuals will have to eventually show their hands. Unless they are deliberately not releasing TR1s then these 3 will currently be under 3% each. They have a long way to go to get to 29% each.
It's definately not a moot point at all as it's not just about a single person building a stake of more than 90%.
- A consortium of 3 like-minded individuals can each hold 29.9% without having to take-over anything. When ready to pounce they just need to persuade other holders to part with 0.4% and the company is theirs. This equally applies to larger groups e.g. 10 holders with 2.99% etc.
- If you're a PE who wants to take this private and has been accumulating shares through your proxies/off-shore companies hoping to get it on the cheap, you now have to meet whatever price DC decides he wants to sell it to own it outright. If you don't, then he's always going to be there with his 10% taking his slice of your dividends and being a thorn in your side.
To me this looks like a deliberate blocking move from DC, which suggests he believes somebody is trying to get the company below what he thinks it's worth.
From a PI shareholder point of view this is all reasonably good news in that the price DC would likely accept is going to have to be higher than would otherwise be offered. However, as DC has now significantly averaged down from his original position, he's unlikely to be holding out for the dream-land of 10p, and probably an offer of more like 3p will be enough to persuade him to get out (an easy 9 million for him to invest in his next project).
Surely the only way to hold 90% is if its taken private.
Can't hold 90% as a public listed.
It's only 10%....
Lots of investors hold 10% and more without wanting to rule the company.
However I find the date of threshold crossed and Cap-x informing interesting.
Almost like it was planned?
Right ok got it thanks. Although I can't see anyone owning 90% anyway so probably a moot point.
As per takeover panel rules, once somebody controls more than 90% of the shares they can force the remaining 10% to sell their shares (to prevent hostile blockers)
Now that he owns more than 10% he will have to be persuaded to sell, rather than being forced :-)
That's interesting coldrain, so if someone owns more than 10% of a company they can't be bought out without their permission?
Interesting. CPX could easily be taken over at this price. Dr Cooley seems to want a say in matters as he now can't be compulsorily acquired at 10.32%.
I've been here for a while and sadly i have been showered but not in riches.
The long term hope something grows in the compost i'm covered. in.