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TBH. It’s whats going to happen with the shell that will bank us the cash.
I’ve searched back through the RnSs and the last 2 state the same figure. Around £4.65 m worth Yes you’re right it does say on there around 1m shares. I think the RNS is the one to calculate. It would be nice to be proven otherwise as the more we hold the better for us.
I hope you’re right Quint, the more Portage Biotech shares SalvaRx is holding the better. I got my figures from the 08/01/19 SalvaRx RNS. There may be something I’ve missed. It states they have retained 56 million Portage Biotech shares, then worth just under £4.65 million.
I hope your right Quint, the more Portage Biotech shares SalvaRx is holding the better. I got my figures from the 08/01/19 SalvaRx RNS. There may be something I’ve missed. It states they have retained 56 million Portage Biotech shares, then worth just under £4.65 million.
Thanks for sharing the calculation. And if we divide £8,884,198 by 37 million issued Salv shares we get 24p .... around the current mid of a very wide spread. I dipped a tentative toe in at 22.4p a few days ago, hopefully a good decision. On any reasonable news this should rise abruptly although it might be a while ...
QF
Quint. Did you say that SalvaRX holds around £10million worth of Portage Biotech shares ? At its current price I calculate it to be worth around £4.8m at 0.11US$. I also intend to hold these long term. Both Portage Biotech and SalvaRx have so much potential.
Hello again, Quint!
Thanks for your reply! Just one teensy question - when you wrote in your reply "woukdnhave", is that "would have" or "wouldn't have"? I'm just a bit confused by the "n" in the middle of the word and that you may be writing in some kind of Scottish dialect or something! Which is it, please? I suspect it's a typo because the "n" is very near the space bar, but you never know!
Just spoken to H-L and they are not able to trade Portage, as not in Crest. They are in the process of setting a third party dealing situation and will advise when this has been completed. Not clear on timescale but sounded like it could take a while. Lets hope for some positive Intensity news in the meantime!
Sorry about that! I had actually asked how much Portage shares were in a previous post, but, for some reason, it didn't arrive! Brexit?
I've found it!Sell:$0.095 Buy:$0.12 No change Market closed | Prices as at close on 18 January 2019 | Turn on streaming prices
Portage shares showing in my Hl account but Halifax are lagging behind as per usual!
Hi there, Quint!
Firstly, can I thank you for all the information that you have so generously shared with everybody on this board over the last few weeks! It's been incredibly useful! Like you, I'm a great believer in doing all the donkey work before I make an investment decision - even if it takes me weeks! - because, as you say, all the information is out there, if you can be bothered to look for it!
I was wondering if you could answer a question for me. I have exposure to SalvaRx (SALV) via Pires (PIRI), but I was thinking about getting more SalvaRx shares, as well. In your most recent post, you said "We all know that they would delist in 6 months if no RTO took place but a) we’d get a payout from the Portage shares they hold in that case and b) it won't happen as those involved certainly have targets in mind already."
By "they", I assume you mean SalvaRx. (Am I correct about that?). My question is this: If I buy more SalvaRx shares now, would I lose my entire investment, if SalvaRx delist in 6 months, if no RTO takes place - or, would I also "get a payout from the Portage shares they hold"? I hope that question is clear enough! Please, feel free to ask me any questions, if you need to.
Many thanks in advance,
ielts23
Thanks Quint. Very reassuring explanation.
I was wondering the same. There are no updates from either Portage or Salvarx. Has anyone else received from their broker news about a possible delisting of Salvarx regarding Northland Capital? Not quite sure how that will play into it all. Also has trading ceased with Portage since the 17th? The sp hasn't moved. Haven't a clue what's going on!!
Do we know when portage shares will be issued / any update. Not had much info from HL, does anyone have any news?
Yes eagerly awaiting the Portage shares too. It's been an interesting journey to here. I came to Salv as a 3legs holder and only got interested in 3legs because I was/am a san leon (sle) holder which itself came via a tip from a work colleague. Still waiting for sle to deliver but looking promising now, as is Portage and as many have said the salv shell could go anywhere.
QF
thank you for your help and will get that form filled today, yes i think its well worth holding the portage shares rather than go for a quick profit, im looking at the bigger picture as you are, thanks again
morning Quint, i know the deals been done by Portage and everything should be concluded by the end of Jan, do i need to get any paperwork signed up before hand, i've just got back from work so not fully up to speed, id also like to thank you as your the one that brought this share to my attention, i went away and did some reading and thought yes will get some of theses, i see we also have the shares at 20p, the talk of the RTO could also pay off big style for us, will by more of the 20p shares soon, thanks again
Thanks Quint. Fingers crossed!
When would we expect to see Portage Shares appearing in our portfolios? I completed the form that allows us to trade on Canadian and American stock markets but haven't seen anything yet. Any ideas folks?
Could someone explain why this stock has such a massive spread? Thanks.
This ‘shell’ in itself could turn out to be a very lucrative investment. Just look at the people involved and what they have already quoted in the past. But the current price of 15 / 25 Is such a huge spread.
That’s why they make a loss consistently preferring to jump on the next pump..
Because 98% of aim punters read zip..
if this is the case doggo why did a lot more people not jump in in the days leading upto yesterday? almost doubling your money basically in a known event !?