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Soon after placing overhang period
I’ve doubled down today and I want more than my fair share of the offer, I think these prices will look like a gift in a few years
Im looking at the enterprise value the market is giving POLX and at present its around £2.3M
Will management be able to increase that value with the £8-10M in cash or will they spunk just it up the wall.
Johndean,
I belive so although I haven't had any notification from my trading platform HL as yet.
Because I have been here for a few years now I will take up an offer at 1p, maybe not my full entitlement but I can not simply let the oppertunity pass me by.
Just going to have to wait some more ....
If held on record date. 20th yes.
Are existing holders able to buy the offer at 1p
Keep the deals rolling in over the next year or two. Into the top most institutions. Its fantastic now keep adding to the beating of forecasts. 2024 already beaten. Plenty to come
"Technology may be good (hard to know) but take up is no where near it needs to be for this to be a viable company that can will return rather than eat shareholders money."
Spot-on, Pyueck. This lot showed their true capabilities when the initial FDA submission fell short.
I see no point whatever in selling, and every incentive to take the 9/10 offer. With financing assured, the only way for the sp is up.
Be rude not to
Same here
Happy with that purchase and then I have my batch at 1p. This could end up being a lovely tonic
Puke don’t make me laugh, u were never invested here lol
Going down
DYOR
Not going to be participating. Not at all convinced this money won’t be eaten up on director and employee salaries. Technology may be good (hard to know) but take up is no where near it needs to be for this to be a viable company that can will return rather than eat shareholders money. Surely directors looked at a complete sale, fact that it didn’t happen speaks volumes. Don’t be surprised if this is first of a few fundraisers.
Record Date for the Open Offer 6:00 p.m. on 20 May 2024.
So if you held a qty of shares on this day that is what your open offer allocation will be. Effectively doubling holdings at 1p. Is not to be sniffed at.
Any bought or sold today or after doesn't change a thing? Right?
Bearing in mind the sp had been hammered on good news because of finance in the background so we weren't at fair value. So there's the dilution but then there's the positives.
DAMN
Okay thanks JJ in that case I might just try for 25 and see how that goes
Jusr a detail on record date, it records yesterdaya holding even if your shares change today. Ie buy or sell.
I think I'm correct?
I think I’ll try to buy 15 for every 10 I currently own JJ
Might even push for 20 or 25 if we see a lot of selling today because that will give us a clear sign that they won’t be taking any part in the offer
Yes we do. For every 10 held you can buy 9 and also take up extra if sufficient available.
The huge losers here are Directors, ex directors, retail and institutions excluding Nukem and Bracco that held prior to the placing
I’ve not had any msg about open offer participation. Trying to catch up here —- do we get to buy in?
Can request an excess to the 9 out of 10 slick. So more at 1p for shareholders. Gla
9 Open Offer Shares for every 10 Existing Ordinary Shares held on the Record Date, at a price of 1 pence per Open Offer share
Shareholders subscribing for their full entitlement under the Open Offer may also request additional Open Offer Shares through the Excess contained in the Launch Announcement and which is expected to be posted to Shareholders on 23 May 2024. The Circular will also be available on the Company's website: https://www.polarean-ir.com/content/investors/shareholder-information.