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MIK I think you need to do your own research the confident buy refers to after hours buy yesterday of 128k at over 32 on the day the placing was announced. Not all placings are bad in this case it’s extremely positive as the company can continue easily with 12 million cash via oversubscribed placing majority US ii. This is KEY the reason the share price dropped was the threat of being insolvent in next month however that threat has now disappeared AND we have a takeover offer being prepped by top tier BIGPHARMA co alongside which has to be a minimum offer of 1.55 (highest price we’ve trade at last 12 months) there’s also a lot of shorts still exposed and there’s little availability of free float of stock especially now hands are prepared to hold tight for the offer price. The placing stock is almost irrelevant now as they too will hold for offer, plus the majority of that stock in 1st tranche can’t be sold until 45 days from 14th anyway (strict SEC rules) and we will have the take offer well in before that date. The 2nd placing tranche needs to be voted on and no date even yet so can’t hit market again strict SEC rules. So we are essentially very much on the up! When people hear placing they assume it’s negative and it will revert to that price but not in this instance - it depends on the reason for the raise and in our circumstances it’s entirely POSITIVE!! IMHO DYOR
Whoever is saying this is a confident buy, how can it be when the Placing shares were priced at 20p? Explain.
Can anyone recommend a good Level 2 platform? I've cancelled the crappy LSE Level 2 and am looking for a new provider.
Thanks!
Sharebel, stop ramping, nothing is certain. I’ve just jumped out of a share that was certain a bid was incoming only to turn around and say they are now looking into obtaining a loan. This could be a devious ploy companies are using to boost the SP and raise capital. Be careful all.
Sharebel,
Nice of you to think of me.
I'm out (not so) good sir, my prediction was a placing rather than a takeover. My prediction came in, and I banked a splendid profit at tranches just under 29p. It will go closer to 20p, but opportunity cost is a factor.
That should be all of this years and next years holidays paid for, so I thank you for being the imbecile that you are, genuinely couldn't have done it without you (and those with likeminded views).
Good luck with your next adminstration.
Agree I think we should start to see some rapid moves towards late 30’s now. We are saved and we have a takeover offer should we wish to take it coming our way! There’s no cheap stock from placing that isn’t going to be available to sell strict rules 45 days plus not timetable on vote for and tranche so we are still dealing with a tiny free float as news of the takeover price minimum 1.55 could be announced at any time! If it’s AZ then the DD has been done and they may want to seal the deal by revealing hand sooner rather than later before any other potential offers break cover! Fantastic news yesterday and an oversubscribed placing with 12 million coming our way! What’s not to like here now? It’s a great company and well respected in the market place! Shorts will now struggle to find the volumes to cover as holders are assured we are now not going under and a top tier BIGPHARMA wants to give us a handsome offer! IMHO DYOR
Bounce today
Be assured this is a confident buy! An ii buy who didn’t get in on the placing but is prepped to pay way above it! This placing was indeed a positive event! Can you all see this now? I hope so!
I’m worried for MADGE however our shorting brother from another mother is MIA and hasn’t been seen since early this morning…I suggest he’s closed his ridiculous short and now operating on another parallel universe as a ramper extraordinaire! If he’s not done that then good luck fighting against the world and his wife now to get hold of a decent amount! IMHO DYOR
12-Mar-24 17:07:28 32.00 401,282 Unknown* 30.00 33.00 128.41k
£128k late buy showing
Not too shabby hey? Oversubscribed and a nice $12 million in the bank to take them through to takeover. International kidney day on Thursday. Hoping to see a bit of coverage.
Placing all already sold out and now the Takeover
Christopher Mills*
10,072,500
10.1%
4,000,000
14,072,500
9.6%
Icahn School of Medicine at Mount Sinai
14,619,352
14.6%
9,360,374
23,979,726
16.3%
Strike that 10 million we have an upsized placing to bring us even more cash 12 million! They all want a large slice of this pie! IMHO DYOR
I agree DiscoDog and the placing shares won’t be available for quite some time 47 days in total and why would they sell at these levels? They won’t they will hold and won’t be letting go anytime soon! We are ok we are not going bust! We have a premier top tier BIGPHARMA takeover offer winging its way here and in a strong position to negotiate with 10 million injection of capital which demonstrates the confidence from the market in us and backing of ii! IMHO DYOR
That’s because US sees the bigger picture here not a whole lot of some daft punks day trading and spread betting it like UK1 The MM shake has had little effect I see as encouraging buyers in again! Petro put a sock in your fantasy US stock prices it’s up significantly up!IMHO DYOR
Just checked Nasdaq. It's up to the equivalent of 35p. Which is why we're up. Happens every day. Big volume. Aim is embarrassing.
petro poppy**** are you wanting in well it’s 33-34 to buy some! then nt straight in! mm have nothing to field off the demand! imho dyor
Looks like pumpers all getting out the back doors. US dropping hard.
We could finish blue today, placing done and take over bidding incoming. let's go!
50p gap to fill and test 70p
33 to buy for small amounts if you’re quick then into NT! US appetite gobbling them up pre market now! IMHO DYOR
MM now slowly upping the real bid price by stealth on any sells looking sorely desperate to get some stock into NT again on buy side as they are about to be swamped! Sellers lol you’re being mugged off somewhat! IMHO DYOR
32 on the Ask now told you it’s going to blow! US market will see this as company saved cash in bank now and an option of lucrative takeover deal with a stronger position to negotiate an even better price! If you haven’t closed your shorting bets gents then there’s no helping you! Someone shout out for Madge to log on quick lol! IMHO DYOR
Negotiated Trade to buy now so where are those cheap shares going to come from now any holders who got stupidly spooked have sold and transferred into more patient and practical hands! Expect a bit of a whoosh up now back into 30’s/40’s and look even Flava who was siding with the shorters to gain his entry has announced his own buy in! IMHO DYOR
Correcting an earlier post of mine. Unicorn took 1.1% on 4th March after the takeover announcement. Pentwater took 4%. The latter have specialist teams for health and AI. Hmm. Total coincidence?
Apologies for my earlier mistake.
Hawker, yeah the shorters seem to be implying that Christopher Mills involvement and Harwood's involvement is no biggie. Harwood were small cap investment fund of the year in 2023, taking 1st, 2nd and 3rd place. They specialise in M&A and helping small companies to realise their potential. Mills has had several 10 baggers in his portfolio. This will be a 7-8 bagger from here, assuming the consultation goes well. The problem with looking at the sp day to day is that it's stressful and people sell causing volatility. This is only going one way - give it time. Shorters are making some ridiculous and nonsensical comparisons.
The US insurance industry finishes it's consultation next week. Recommendations to follow thereafter. The price is set at $950.00 a test. 10 million people in the US have diabetes 2, predicted to rise. If nothing is done kidney disease will become the 4th biggest cause of death in the US. Something will be done. There's a Democrat in the top job. Thank goodness.