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Muhammadali 🤣🤣 Why Why 🤣
Congratulations Muhammadali, idiot post of the day.
MAJWandCo, I held #NNN stock during the peak COVID period and made a significant amount of money, similar to NCYT and other COVID-related stocks. However, Trevor Brown seems to have inflated the stock price through paid media coverage and sold off Braveheart holdings, similar to what happened with #RCGH. This tactic, which also involved getting Dr. Cave for TV appearances and ordering unnecessary mask production machines, is a red flag. Luckily, I escaped with a 50% loss before the collapse. The moral of the story: Always have an entry and exit strategy.
By the way, I just bought 10k worth of shares here. Let's see how far this will bounce back to the 70s or more.
MuhammadAli best stick to boxing mate! Lol! IMHO DYOR
Potential suitors will wait for the company to bleed and run out of cash and will buy it for next to nothing.
Today's RNS was poorly written by an amateur and not a businessman.
...@UH, I also think your point about the raise coming at 20p and not 7-8p is hugely significant and completely shatters the bear case that this is a bankrupt company without suitors. What if there's a cash bid announced tomorrow, the shorts will have nowhere to go to cover their shorts and the larger shorts of Armistice, Millennium, Citadel, etc likely wanted to cover in the $10m raise, but I would be surprised if they got allocated any shares and I would expect them to be covering imminently, well after they short a few more to spook the pumpers and dumpers and improve their chances of covering that is... There's a name for them and their destructive shorting activity, but I'm unable to post it on this forum.
I’m into my 3rd top up tranche thank you sellers! There’ll be no forward selling of placing shares majority to US and there’s a 45 day caveat NASDAQ anyway from 14th so your expectations shorters and deramping squad that this will sink is misplaced and misguided. What it’s done is provided a temporary opportunity to cover and close for you so be thankful shorts. The offer from top tier BIGPHARMA co will be released well before 45 days + 2. indeed at any time now! The other placing tranche has to be voted on and no timeline given yet for that so many weeks away to say the least! So in essence there’s money secured, we have 10 million dollars assigned cash from 1st tranche heading to our bank account and a strong position from which to negotiate a possible takeover offer which has to be the highest price minimum this traded at over last 12 months. You’re looking at 1.55 basic not including the value equated to the fantastic IP we have! Sellers have not analysed this correctly today - all placings aren’t bad news and in this case we go on, we are not going under that threat ended today. Options are a long and lucrative future or take the takeover deal with min offer price at 1.55 for starters but no doubt will start with a 2! We get to buy more at these low prices to increase our holdings!WIN WIN multiple bag situation all round! IMHO DYOR
I think it's just general malaise, they're all pretty illiquid aren't they, my money's on Harwood driving the value in each of these companies, over time, it's what he does... I'm also watching the XBI ETF which has been consolidating after a recent breakout. There's so much value in these stocks and the wider sector, surely just a matter of time before interest rate cuts lead money flows into this bombed-out and unloved segment of the market.
"Ignore the noise"... well said yourself Hawker, especially on this board of late!
Interesting to see that the other biotechs in the Harwood stable, EKF, VRCI and esp TRLS, are all having a bad day today. Worries about Harwood money being allocated/diverted to the RENX fundraise?
I think SB's theory that this is going to iis is likely. Harwood et al will probably take the lot. They're hardly 'bucket shop'. They are all well connected. I expect they know who the bidder is and they definitely know what the business case is because it's all in the public domain. US insurance coverage for all citizens who may have or may at some point get type 2 diabetes or chronic kidney disease. It's in the insurance industry interest to get better engagement with this group because they spend 7 times as much on acute kidney disease and dialysis than they do on treatment for chronic kidney disease. Reckon Thermo Fischer and Astra Zeneca will end up fighting it out for the takeover whoever's bid atm. Worth another $5 billion just on additional drug treatment - once early detection is achieved they can prevent acute disease forming but they can't reverse it.
Couldn't agree more UH and SB, well said! I have been watching this from afar, still very much invested here and think the raise purely serves to help the company get a fair and hopefully full price for what they've built and achieved.
The rest is just noise from the shorters, pumpers and dumpers.
Ignore the noise and focus on the prize that's ahead, keep calm, etc.
This stock has gone up 170% in less than a month. Of course the shorters are getting excited. The US pushed it up 650% at one point. We all know they need cash. Maj the self appointed guru said this would be 10p for the placing. He pretends he's connected. Now he says 18-20p. Changed his mind already. Shorts are mostly closing. Institutional investors are buying in. Unicorn just took 4%.
I'm not fascinated by what the shorts are doing. I am interested in the business case for this product. It's very good. As I have discussed. Maj doesn't engage with the business case. He focuses on the volatility in the sp to scare people into selling. It can go up just as fast as it can go down. There still aren't that many shares in issue considering the potential for a decent price at takeover.
I think the bidder may have put a caveat on the offer- ie. subject to the insurance industry in the US recommending the test. That would be sensible wouldn't it? They will disclose when the outcome of the consultation is announced imho.
ART123 - the company has a dual listing on AIM and Nasdaq via American Depositary Shares (ADS) representing two UK AIM shares. Given Nasdaq listing the company is bound by dual listing codes.SB
Moron of the Decade, Sharebel wrote just a couple of hours ago:
"oh and I made a fortune on NNN"
What happened to NNN, yes you guessed it folks, it went into administration.
Silverblade, fair, so you were referring to no primary bid or REX or such like. Agreed.
Sharebel - just a point of clarification - the placing is taking place on AIM. US participants can request shares - but not in the form of Nasdaq ADS shares.
MAJW - my point was to do with a closed placing as opposed to an open retail offering. We have a difference of opinion on the rationale but that's the nature of investing. In the short term the company needed cash and we shall see if this approach works and if there is an appetite to invest at 20p/share. SB
Oh yes, and why would the Nasdaq 20% Rule apply if the main listing is on the LSE?
Just to clarify please is this share main listed on the LSE or the UK market? I was under the impression that this was a London listing with ADR listing in the US but half the time it is as if the US listing is the main one. There certainly appear to be a lot more shares traded in the US than in the UK. Cheers.
Hello SB, good to read yr commentary on this share again. I didn't know about the current nasdaq 20% rule, that's v interesting. Step by step is what I think. It could be an interesting summer indeed! Tbh, I didn't notice the placing of restrictions on who will be allowed to participate... Clarification would be helpful.
This was the third worst near-term outcome out of three possibilities: immediate takeover at higher price, placing at market price or placing at discounted price. I will just bide my time here now. Won't be selling, but won't be buying more either for the time being at least.
Silver it looks like it’s just US participants taking part so no placing stock coming to market for 45 days from 14th and on NAADAQ if at all because in that time we will know the offer price and the offeree! Market makers are shaking out those who believe the SP will naturally go to placing price but that’s a fallacy in this particular case! I’m happy to buy more however as I am sure many are. It’s a win win situation we are fully funded with also an unsolicited approach takeover offer from top tier BIGPHARMA co on the table to which is a hell of a multibag from these lows! Happy to have opportunity to buy more if sellers want to be frightened into letting go! IMHO DYOR
Silverblade,
You wrote:
"and is this why the placing share are only being offered to a select number of participants?"
Well it's being offered round all of the usual bucket shops that offer all of the bottom of the barrel placings, so you're incorrect to assume it's selective in any way shape or form.
You think a placing is to help the supposed offer. Yet is my view that the supposed offer was to help the placing. Keep the lights on for another few months, with another fundraise likely to come. The difference next time, their wont be as many naïve people who will believe the fluff.
Unhooked - good observations - was thinking similar. That said - this placing does raise some interesting points - specifically around the existing primary shareholders (Sinai, Harwood, Jefferson) in terms of what they know about the unsolicited approach and whether any numbers have been discussed. If so - are they allowed to participate in the fund raise; and is this why the placing share are only being offered to a select number of participants? There was no mention of these three parties taking up the placing which was unusual in these circumstances. Wil be interested to see later today if this is clarified. Having a longer cash runway should help negotiations with potential purchasers - bearing in mind they are raising the maximum possible amount based on current nasdaq 20% rule - with the suggestion that a second placing could take place following the AGM. Also stops a low ball offer forced sale. All medicare, reimbursement, FDA, insurance objectives should be achieved by end of 2024. Interesting times. SB
I swear this market is 95% full of "Brewster Millions" wannabees...for anybody not understanding that is people that seem hell bent on losing money every day chasing spikes or in this case paying 33p after a 20p placing announced are they nuts.
Just no logic anymore in this game, it's 99% a ponzi now that is probably going to collapse...we are due a massive crash especially the way the US is chasing everything to record highs and all that fugazi coin/crypto rubbish being valued at zillions...
DO NOT TRUST SHAREBEL
HES RAMPS EVERY SHARE BEFORE A PLACING
CHECK SHAREBELS FORM . COPL ETC
DO NOT TRUST A WORD SHAREBEL SAYS. IT ALL TURNS TO CRAP.
Sharebel, I don't like short sellers or short selling. The point I'm making is that he called a couple of stocks that I was invested in. He was right, and he did short them. Then again, it's always a gamble. Sometimes when investing in any stocks, we need to have a balanced approach. Maybe he will be proven wrong when the offer or bid arrives and the stock is worth over 150p.