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Not sure I get the morbid fascination with the SP every day to be honest. At these levels a 2% tick down/drift and/or current share price are completely irrelevant, as at this stage in the proceedings you either believe in the story of you don’t. “All time lows” at this level don’t matter a jot, because they are not based on volume or news, it is simply being walked down by the MMs.
If you don’t believe the story, you should have sold long before now. Just prior to the placing you could have sold for double the current SP (the story hasn’t changed since then, only the share price has) If you do believe the story, you should be averaging down, if you can afford to (I will be if/when I can if timings allow) and wait for the news.
GL all. It’s a waiting game, simple as that.
Whimax, hindsight eh, would love to be able to predict the future
Not sure I understand this expression " the MM's are walking the price down"
The price is down because there are more sellers than buyers, as there has been for months. Mm's are just following the trend so as not to end up with expensive shares on their hands and no buyers.
ATB
I don’t follow, Filter?
It’s not really about predicting the future (or hindsight) because we knew at the time of (and before) the placing what the order of news was, and to a certain extent, the timescales of it. That hasn’t changed, I don’t think. Only thing that hindsight would have told us, is that we wouldn’t get a decent rise from NXP001 news to allow some to trade it or jump out completely.
This has never been about NXP001 for me tho, and I never planned to sell on (or after) it so the SP before or after it is irrelevant (to me anyway). NXP002 is the money shot, always has been (although 004 is intriguing).
Just popped in to see if anything new with NFX, surprised to see same guys here, i wish you luck you now deserve it with this one, GLA
Thanks for letting us know Berwickman. I pop in a couple of time a day, just to see if you’ve popped in to wish us luck lol
"You either believe in the story or you don't....If you don’t believe the story, you should have sold long before now. Just prior to the placing you could have sold for double the current SP (the story hasn’t changed since then"
Whimax, didn't you say in one of your recent posts that you offloaded about 20% of your holding just after the placing?
If you believed in the story then how come you sold?
Barwickman - the same people are here, much like yourself & #SEED... Sitting, waiting, wishing
Yes I did FFX. Not because I stopped believing the story, but because in 9 out 10 placings, the share price drops to, or below, the offer price.
FYI I have since bought them back (around about 1.8p from memory), so I am under water on those as well, but none of those things alter my belief in the eventual outcome.
Had I stopped believing, why would retain 80% and only sell 20%? (I’d have sold the lot, would I not.) As I’ve said, neither the placing, the elongated time scales, nor the share price have altered the story.
Watching and whinging about every 1% drop in the share price is pointless. It will most probably continue to drift and be walked down on no news and tiny volume, so people best get used to it, take advantage of it, ignore it or give up and move on.
Each to their own.
GL
Fair play to you. Quite a brave move really.
As a long term holder who was already well under water by the time of the placing I have always had strong reservations about selling any of my shares just in case the tide suddenly turned and I missed the boat. That would be devastating! I thought there was always a serious risk, with the placing, that the market might respond quickly once it knew we had the money we needed, but I suppose that was just silly old fear.
Watching and whingeing about very 1% drop in the share price is probably a bit pointless but I understand that people are feeling frustrated and I personally respect their right to say what they feel. It's probably just as pointless watching and whingeing about every criticism from a frustrated poster. It will most probably persist while the price continues to drift and be walked down on no news and tiny volume. I would say that people best get used to it, ignore it or give up and move on...but that would be patronising.
As you said, each to their own.
Not sure why you didn’t quote me fully FFX? You’ve done this before. I said “ people best get used to it, take advantage of it, ignore it or give up and move on.”
It wasn’t meant to be “patronising”, I was merely pointing out the options. I apologise for not listening the option of “continuing to whinge and moan”, I took that as a given, in this world of free speech.
Of course, if people feel I’m patronising them, they can always filter me………oh wait…..nah, never mind.
in a few more than seed buns , but will say its not been a good day, GL
This is ridiculous now. Long term holder here with high average. Look like Another placing is on the way. Same share price pattern like last time. I hope it’s not the case.
Wouldn't think so. Plenty in the pot after the last raise.
Not happening
Anything is possible with this Bod. Do they care about shareholders, answer is no.
"Wouldn't think so. Plenty in the pot after the last raise.
Not happening"
Not to mention the 2nd upfront payment from Oxilio that we are now due
It won’t surprise me if we have placing with few funds involved or tr1 news soon. This is pure dirty game.
Suggest you look at the sp graph if you think that today is any different to any other day.
Traders getting stopped out, nothing more than that.
If a company is going to do a placing, they would be trying to push the sp up, not let it slide and place at an all time low.
Soup, I thought you are better then this. Check sp movement just prior to placing last time for NFX. I hope it’s not the case this time as I have high average. anyways Q4 soon so let’s hope we will get what we deserve from this useless bod.
Taz, so one month ago Anne publicly stated the below, clearly telling us that there had "... sufficient funds to do the planned studies with a runway beyond that."
So, if they have sufficient funds Taz, can you tell me why they would raise at an all time low and also why you think Anne was lying?
"7. Anne – are you more or less confident in the Company’s prospects than when you joined?
The Company is in a better position than when I joined – it is on a stronger financial footing with sufficient funds to do the planned studies with a runway beyond that. In addition, operational activities have been optimized and costs minimized, such that funds can be prioritized towards generating data on the portfolio assets to add to their value. The R&D work is progressing well for both NXP002 and NXP004 and I remain confident that these assets bring good opportunities. I remain fully committed to Nuformix to deliver on the strategy, for the duration of my tenure"
Soup, how can you trust her? She said she has amazing team just week before she resigned. I hope I am wrong though. Just to clear I am Not bearish here. Currently holding big position with high average.
Taz, thats not the question though.
Why would they want to raise?
Soup, I don’t know why to be honest with you. Let’s wait and see.