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Should have said 17.945 pence and not 19.945 pence !!!
Hello there Moniman. Hope all well with you. Yes annoying to see SP drift lower but not surprising given the lack of concrete newsflow at present. I did not see mentioned anywhere in the EIP any expiry date. The one good point with the EIP is that there is a benefit to growing the share price rather than dilluting the share. Whilst I expect that we will see some dillution of our holdings at some stage I think we are now more likely to see the managment team focus on share price growth through parterning ahead of any equity based in -license or equiity based takeover. Also as these are share options in order for them to be worthwhile the share price would have to be considerably over 19.945 pence.
Seeing the SP retreat from 11p to 9p makes me question the motives behind Cathal's and Jeremy's big buys last week? Mmm 🤔. Big EIP's granted with minimum target of circa 18p so Jeremy and his new 'Amryt' team etc need to get a shake on if they want their rewards!
I did think of having a punt on RedX some weeks back and decided against it. At 18p today after the start of phase 1 trials one would think that they would have had a little sustained rise but no, AIM can be a cruel market and I am mainly disinvesting myself as it is completely unregulated and treated as a cash cow for the directors.
Avacta has always been a basket case,it burns through cash faster than a Labour run Council. Cathal has put a lot of his own money into Hvivo and Poolbeg and whenever cash was raised in the early days at Hvivo it was at a premium. Avacta boss sold a huge amount of shares about 2 years ago at 180p to buy a house I believe, just before the SP crashed? For that reason alone I wouldn't touch Avacta with a barge pole. I do now like the look of Redx seeing as it is now trading at a significant discount to three previous placings at 59p, 56p and a recent 26p raise in November, the recent $870 million contract news at Redx seems good news on the face of it and $10 million stage payment makes Redx an interesting play at 19p today. JMO Adyor!!!
Not great over at Avacta with the raise announcement just after hours today. Heading for a nice drop tomorrow morning. Alot will be heading for a 30% plus paper loss . I hope that we don't wake up some day to similar happenings here in Poolbeg. We have been promised that we will not have to return to the markets and that is one of the refreshing reasons why I have a large stake here. We need action here soon not the usual promising spiel we have been repeatedly hearing. The expanded team had better bring the bacon home and I believe that they will. There will be no playing solitaire in the office with Cathal Friel now keeping a watchful eye.
Model code suggests a 30 day close period but obviously negotiations and deals can still happen within that period, as long as they weren't known about at the time of buying
Exactly Moni, clearly nothing coming in the near term re POLB001, I suspect we might hear something by mid summer time, anything before then and the team wouldn't have been allowed to buy. It's a waiting game I'm afraid, but all good things come to those who wait.....
Nice little walk down by the MM's..not sure what CF and JS were up to with buying last week? Obviously no imminent announcements as they would be prevented by the NOMAD one assumes...?
Https://www.labiotech.eu/in-depth/biotech-tackling-cytokine-release-syndrome/
An interesting read posted on the Telegram and other site recently.
Fair point Ironman22. Any idea of the timeframe involved?
Its not surprising he's not bought alot when he's just been awarded 4.6 Million shares that will vest very soon.
Perhaps I'm in a minority of one on this but whilest I'm delighted to see Jeremy putting his hand in his pocket I was hoping for something a little more substantial than Stg£15.5k. Its relative "chicken-feed" to someone like him I would have thought?
That went into HVO 10 minutes later and explains the quick jump there as well...
Big £132K sell late announced from 12.29 pm may explain sudden drop today.
For long term IPO holders, 30 days or 60 days is totally unimportant. For late coming, day trading carpetbaggers, 30 days will seem like an eternity here. I'm sure CF and Jeremy have some idea where this is going despite not having a contract signed for anything yet. The NOMAD has obviously given them the green light for directors to buy. JMO Adyor!
There are rules relating to a director-in-the-know buying or selling shares within a 30-day close period of news that is likely to affect the share price.
I think they have bought now as they are able to, I don't see a deal getting signed for a while yet, if they were in the last stages of penning an agreement they definitely wouldn't be able to buy.
There is also another closed period coming up, the one the Directors are all in prior to publishing Annual results, so they may have used this time to get in before that starts ticking, they were released on the 30th March last year.
The market obviously sees it as there will not be any imminent news and that is why Director's purchases although clamoured for by some, aren't always taken as a positive.
The strategy of doing deals is not market shaking, the fact we have a specific deal in play is usually more sensitive
I cannot see why any future deals or M&A opportunities would be market sensitive as the company has stated on numerous occasions that they are in active discussions with potential partners in both RNS's and investor conferences. It is no secret that this is the company model and their route to revenue. A deal can come at any time and one can almost sense something brewing. GLALTHs
I bet Jeremy wished he had bought today instead of yesterday, he would have saved some cash.
GLA
That's probably why Cathal and Jeremy have bought more shares now as it might only be 30 days or so before news breaks...tree shaking going on here as most shares could be in sticky hands by now. We've seen what happened to Hvivo price rise from 10p to 30p once the big investors wanted large amounts of stock but couldn't get their hands on enough, hence Cathal selling half of his very large personal holdings at Hvivo. He or Jeremy won't be doing that here it's clear as they are making significant additions to their holdings this week. JMO Adyor!
Presumably, there can be no price-sensitive news published during the 30-day close period of the purchase date 21 February?
Thanks very much for that Cash. Much appreciated. Regards
Presumably, there can be no price-sensitive news published during the 30-day close period after the purchase on 21 February 2024?