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They couldn’t convert at 8.5p as their options were 11p until the 5p placing earlier this month where their options were doubled and reduced to 5p, so only chance they have ever been in the money with those options is now
If you wanted to be cynical you could say that they would be forward sold before admission on the Tuesday 30 August 2022. The date is significant as the agreed date from the FDA for providing its written responses is 29 August 2022. Equally the shares can be 'lent' to Market Makers to facilitate Long/Short derivative positions.
The sp has spike on a few occasions to circa 8.5p since Dec '22. So to be fair there has been a few occasions to flip and lock in profits at these levels - which are still not far off historical lows sub-50p. So, if this was the target then it is strange to have left it so late.
Some well wishing bystanders to be honest are wasted on this BB, and should share their sage advice on the CINE BB as I am sure it will be as equally appreciated, as here.
People always play with a. Straight bat on the stock market haha it’s all a game if your good at the game you will win, if your bad you will lose and if you think it’s not a game and use your moral compass you will lose your shirt off your back
They can’t sell anything until they get their hands on the converted shares which are due for admission on the 30th , or can they ?
BTW
It’s L1 capital that has converted today and not LIND but whatever..
They have options over 7-8% of the company as do Lind also ..
Probably convert in stages so as not to crash the price I would think, if they did £200k lumps it would scare off the private investors who are buying up their 5p shares for 6.6p plus today, I reckon they will do a larger amount if we get good news next week, they won’t convert anything large just incase it’s bad news next week
Cuvio,
Your thoughts are in accordance with my own but they are not in the same position as most holders ..
They can sit back and wait for some real movement in the Sp before converting .
To be perfectly clear , I am surprised they have converted NOW and for so little
So far......!
What is surprising for me is that they have only converted 1 milllion options , a mere pittance for them .
Any thoughts ?
A very wise old investor taught me one HUGE lesson
Never be afraid to lose potential profits but always be afraid to lose one’s capital :-)
Profits can be made back elsewhere but if you lose your capital well ..game over
....the 5-bagger!!! More fool them.
Short time traders cannot be blamed for flipping and derisking their investments before a binary decision , imo
30-40% profit should not be sneezed at from a financial point of view.
However one might not condone from a moral point of view, is the pump and dump commentary to attain that profit, but whatever …
took a small position in IMM a few days ago,
and i must say this is the strangest moving SP
i have ever seen, with sometime different buy price for every trade
and from my observation for the past few days , it looks like this stock can
move up 3p at anytime without notice, trapping you in or locking you out
at the same time, with huge spread
and all i can say is i would rather be trapped in than locked out ATM,
from what i have heard from last month interview and presentation..
I mean this could be any price at anytime, if this P3 approval
this time round is successful as expected by the new BOD and pundits
in the press
looking forward to next week already with confidence
GLA
Lambo
I know what he meant but why bother taking up placing at 5p, as I did ,just to flip for 6/6.5p particularly as the most important development in Immupharma's recent history is about to unfold within days.
I know a profit is a profit and best of luck to them if they did flip but I don't think there were many imho.
I think he means those who took the placing at 5p and Lind who have corverted the 5p options today, all I can say wild tiger is if this falls back to below 5p I’ll load up big time as will Dallo I’m sure, did you take the placing Dallo if you don’t mind me asking?
Theres a great sayin, shares dont go up in straight lines, bit of consolidation and pullback is healthy.
Still maintain we will see double figure once phase 3 approved.. lets see
Taking profits??
Last Wednesday the SP was 6p it is now 6.4p...some jump!!
Most trades were buys on Monday and yesterday with large volumes.
Today it is subdued and market makers are dropping prices .
So no huge profit taking in reality imho.
Big boys are taking profits, PIs are feeding them more cash. Had a dream in the weekend, this will hit new low this/next week
Though I appreciate the concern, we have to also bear in mind that nothing has changed. At the last placing on the 10th August, insiders such as Timothy Paul McCarthy (1,200,000), Lisa Baderoon (400,000) and Tim Franklin (400,000) bought at 5.00. So the narrative here has been of getting shares on the cheap for an expected spike in the next month. I still think the last placing could have been delayed. I would be surprised if despite these concerns they didn't let this to clear into the teens, once the PIs get sucked in. So would hope the brakes were not put on before 8.5p as since December.
When u held you had no concerns then.
We know u will be back, should have stayed quiet.
Your wrong actually, Iv de risked yeah for 40% gain, but I have not once said anything negative since Iv de risked, your totally right if your a long term holder then it’s no problem it will get gobbled up, I am holding a free ride for the decision next week now so just like you I’m hoping it’s positive
Lambo222 FILTERED.
GH.
Lambo
You are correct its 2023, its lansteads thats is 2031.
To put it in perspective 50m shares is ONLY £2.5m. So not a problem to be gobbled up within year if they decide to convert. Phase 3 will likely increase sp as we get closer to end result.
What you proved to me in last few weeks is you are shady trader you ramped made 30% and then went negative hoping to make another 30% if sp falls.
It’s 2023 not 2031 “ There remain outstanding 25,640,254 Options in the Company, held equally by L1 and Lind, which may be exercised at any time up to 10 June 2023, with an exercise price of 11 pence.
However, as the price at which shares are to be issued in the current fundraising is less than 11 pence, (the exercise price of the Options) the number of Options and the exercise price of Options held by L1 and Lind fall to be varied. The effect of the current fundraising is to amend the exercise price from 11 pence to 5 pence and to increase the number of Options held by L1 and Lind from 25,640,254 to 56,408,558.
Panda
Its not that they will convert overnight, they have until 2031. 50m warrants we cleared 20m shares from placing earliar this month. Not long for fda verdict, if its a yes many pi's and funds will jump in. Its clearly double figures in my view if its a yes.