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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
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.
£128k late buy showing
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
Bounce today
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
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.
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.
Whoever is saying this is a confident buy, how can it be when the Placing shares were priced at 20p? Explain.
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
Oh Sharebel
Here’s a selection of your biggest ramps
Bidstack- BUST
COPL- BUST
And of course last year we had NNN-BUST
Beware this 🤡🤡🤡
Good riddance to our resident shorter MADGE even he’s finally seen sense! So you closed at nearly 30 because the news yesterday was positive and you knew it was so you’d have been on a sticky wicket if you continued. One by one they’re closing and the longs and bulls will be the winners! Your boasts on profits will look paltry to ours! At least he won’t be posting complete nonsense every 5 minutes now hallelujah praise be! IMHO DYOR
Hes ( SHAREBEL) now ramping eua now that they are about to run out of cash. Obviously shorting it.