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Share price and market is not in my control Builder mate flattered as I am, oh and I made a fortune on NNN. You’re still bitter years later? Well right now live prices are its 34 to buy here then into auction for bigger amounts and yesterday’s before we were fully funded with 10 million dollars…you could’ve bought at 37 so I’d say that the market sees this for the reality that it’s a very positive event - we are not going under! And we have an unsolicited offer by top tier BIGPHARMA company such is the extent of our fantastic tech minimum offer has to be 1.55!! Builder stick to the bookies mate and close your spreadbet here! IMHO DYOR
You're full of ramping carp Sharebel. How did it work out for you on COPL? NNN?
People like me were pumping really? … I merely pointed out the supply of stock versus the demand and that we would finish at 40 which we did. There was a pullback of four long days and in any situation where it gets essentially oversold. The share price is already in 30’s so I think you low life’s need to put on your big boy pants and accept that this isn’t the dire event you think it is! The majority of the 1st tranche will be sucked up by the US market with 45 day restriction on selling from 14th and the 2nd tranche which essentially is a contingency tranche has to be voted on and not even on horizon yet for that. The formal take over offer number will be in long before then! I’m certainly no novice but it looks like you shorts and spread betting types are more used to the bookies than the mechanics of the stockmarket. We have funds! We are fully funded 10 million dollars we are not going under! That’s the scenario you all relied upon then the T/O approach offer came in and blindsided you! I’d say that event was critical for you all betting the wrong way and this event today has just quashed your remaining argument! Close close close and cover gents! The ii’s buying these will not be dumping cheap stock on to the market for you any time soon and now more pi’s have their interest peaked to get in. Time to fight it out or be left exposed and lose your shirt time! IMHO DYOR
Talk about playing shareholders as mugs.
Sharebel, you are such a plonker. I bet you tell your mum you will be a millionaire next year.
Not the blood bath I thought! However how can you mention a placing in one breath and have no mention of the current offer in the next, to assure investors that the offer is still in play! Surely that would calm the market a bit
You low life’s need to get a life if you’re making threads just for me! So the any threat of no funds has been disabled and we remain in offer mode with a platform of 1.55 minimum. Shorters and spreadbetters who want to cover have been handed a lifeline. But so do investors want more stock including ii it’s a conundrum. So MADGE your constant lines that the company won’t get funding and will be obsolete aren't looking too clever now. The US Nasdaq will be buying up majority no doubt as their appetite for this is extremely strong. Yes I’m an investor and I will be buying more always have powder dry for opportunities such as this. Companies need to raise that’s why they are publicly listed we are on two markets so have double the attraction for events like this.
MADGE I’ve reported one of your posts because you can’t simply waltz around creating liable against the company I think it’s you who’s the novice here. It’s not like we didn’t know they would raise. Now we are in a strong position whether we accept the BIGPHARMA takeover offer or not. This means we get an offer for what we are worth and not any perceived ‘rescue’ offer. Now MADGE and the rest of the spreadbetters I think you all need to pipe down and calm down because now you are going to have to compete with other spreadbetters, shorters and other investors here to grab some of these BEFORE the takeover offer which minimum last 12 months trading was 1.55 that’s quite a return on a cheap entry now! However I suspect as we are now in a stronger position market will view this as extremely positive move! IMHO DYOR
Rice,
Appreciate it.
I fully agree, what the company has done shouldn’t be legal. It is shocking. Unfortunately, it worked a treat, ‘bears’ were successfully silenced, ‘bulls’ ran a mock, LSE was even complicit in deleting my posts.
A sad state all round
I really do not understand this market now and especially the punters playing it. The companies tell you clearly they have no money left and then people pile in and multiples of previous prices when it sticks out like a sore thumb that any company needing to raise serious funds now will only get that money at a substantial discount. The vendors only feel safe if they know they can sell it on for a profit. I see loads of stocks being pushed with super high cash burn MIRI is a great example, how are they going to raise the next amount of funds at a fair price to keep that gravy train going. BIDS was another one that went into administration yesterday VAST should not be allowed to keep doing placings because it's a scam and there's endless others
This 'unsolicited approach' business happened at UPL a few months ago. They, though, did not need to do a placing.
They issued a 'Termination of offer period' RNS quite quickly in which they said: "Further to the Company's announcements of 23 October 2023, the Board of Upland provides an update concerning the unsolicited, very preliminary approach it received regarding a possible offer for Upland (the "Approach") and which the board unequivocally rejected.
The Board of Upland now advises that it has received information that has cast significant doubt on the veracity of the Approach and identity of the potential offeror."
The difference here is that the unsolicited approach was from according to RENX 'a large and well-capitalised publicly listed strategic diagnostics company, which is in the process of evaluating an acquisition of the entire issued, and to be issued, share capital of the Company.'
It will be interesting to see whether the management here refute the unsolicited approach and admit that they sort of imagined it and terminate the offer period or whether there is in fact any truth in it and it remains an option.
Guys,
Especially Maj, I’ll do the honourable thing and admit you were right! I did say it was the spin of a wheel but now it doesn’t even look like that! My question? How is this even legal? Have they broken any rules/laws, was there even any offer? Can this be persuade anywhere? The RNS didn’t even have any mention of an offer, I feel this is one big CON
Sharebel will say he has averaged down and a good buy now!! Along WITH Tricky!!!
Yesterday you posted:
“MADGE is in so deep he’s wearing a rubber gimp suit instead of waders lol! Well 40’s finish and some confident buys. Let’s hope MADGE saw sense finally and one of those was his to close his short! IMHO DYOR”
Well, looks like you’re wearing the ‘gimp suit’ buddy, with a big Renalytix shaped object stuck where the sun doesn’t shine.
I hope those who use LSE regularly start seeing you for what you are: A novice, incompetent, unintelligent, inexperienced ramper, who costs people considerable money with your quite awful fictionally positive spiel.
This had bells 🔔 and whistles on it !! Not really sure why people didn’t listen.
Raising at 20p with the view to raise again
‘Back to school with me’ … as some muppet on here said ha ha
Told you the switch RENX into atome .
You can lead a horse to water …
Oz,
No, not for personally, my views were/are that the company is just a cash burning machine. As Davey says, $10m keeps the lights on for a few months, then they need to find more funds.
I think it’s abundantly clear there never was a genuine takeover offer. The board should be investigated for what they have pulled here.
The abuse and insults directed at myself over the last 2-3 weeks should be directed at the company.
MAJ, would you still say at 20p it’s a bad buy or worth a punt at that price?
$10 for them will last them just months too the way they burn cash
This is standard practice as companies use the rises to strengthen the balance sheets
If as the company stated in a RNS a potential offer for a takeover of the company was near"WHY raise all this cash"another not so credibly RNS IMHO
Bloody most obvious one coming and people like sharebel were pumping yet again another stock ahead of terrible news.
To be be fair I went for 10-15p and they have got 20p but they threw in that bid rubbish so they could get this away at 20p when it was being chased as high as 60p+
Well, just as I said, the company has successfully spoofed all of you. This entire scenario was likely fashioned to be able to get a fundraise away.
It’s only due to the naivety and stupidity of the many I’ve named on this board that they achieved 20p.
Those who have pushed this at 70p, to newbie investors, need to apologise. Absolutely shocking that all the ‘bulls’ have ganged up, creating an echo chamber of positivity, even having many of my entirely factual posts removed. Shocking.
Who saw this coming??
Highlights
· The Placing involves a placing of new ordinary shares of £0.0025 each in the capital of the Company (the "Ordinary Shares") at 20 pence per Ordinary Share (the "Placing Price") to raise approximately US$10 million (c.£7.8 million).
MAJ called it right.
"Inexperienced and gullible retail investors inflating a share price"
APTA. (31 July 2023. Price 2.0). 0.79 GBX -38.71 (-98.00%) past year 11 Mar, 16:30 GMT.
MAJWandCo. Premium Member
Posted in: ITS
Posts: 808
Price: 3.15
No Opinion
APTA secures funding at an 80% - Avoids bankruptcy, similar to the ITS play31 Jul 2023 07:26
Could be the next big riser from the lows in the coming days.
https://www.londonstockexchange.com/news-article/APTA/fundraise-proposed-board-changes-rpt-gm-notice/16061909
“Harwood capital bought 10% last week” 😂😂😂
The clangers keep coming thick and fast.
Harwood Capital is the vehicle in which the Chairman, Chris Mills holds his 10% position. The 8.3 simply informs the market this is the case, it isn’t a new position.
A fraction of research/knowledge would tell you that, mind, I appreciate research/knowledge is in short supply around these parts.
Suppose “Wen AZ takeover” is easier to repeat.