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Up 30% this morning topping at 32p spread 5.5%
7am Rns
"Final Issue of RiverFort Subscription Shares "
The arrangement warned about by Hardman & co over from now on .
Would of been a great buy for the placement takers at 10p less then one month ago 28/3/24 .
Those buying into the 23% rise less then one week ago have made over 20% .
I am doing it all wrong lol
Up another 23% today to 23p
Been climbing back since 3rd April when it fell back to 10.25p just above placing price of 10p
Nearly back to the pre Hardman & Co report I posted on 11th February below.
The AIM Casino.
Placing yesterday at 10p
Some fall from the Hardman & Co printed "On the evidence of GDR, guess where the share price is going! " when they were 30p 11th March less then three weeks ago.
I see Alans55 you are the most recommended poster on the site how many times have you averaged down.
20% fall to 26p at 1.30pm on afternoon RNS
Hardman & Co when writing about the Riverfort deal with GDR a similar share below, predicted this would be same outcome for SAR .
Amazingly, Sareum announced a similar deal with the same investor in November. On the evidence of GDR, guess where the share price is going!
Shows 33.33 % up on this site with a 29% spread . ( D ) has it up 17% .
Share price today 35p hit a new low yesterday at 30p .
3rd January 2024 they were 67.5p last September 2023 82.5p a few times .
09/8/21 457p high .
Bought some back 03/5/22 for 215p 27/4/22 230p
Thanks for sharing your analysis.
"Riverfort also receives warrants equal to 40% of the drawdown at the recalculated reference price, exercisable at 140% of this reference price. "
I suggest an agreement about the warrants in connection with a presumably regulated (?) holding period of at least four month would have been favourable and in Sareum's say our PI's interest.
Given the foreseeable good data and science, not sure why such condition was impossible while expecting the good news in due course.
Hardman & Co
In my opinion, this deal is very bad for shareholders. To date, the issue of shares to repay the loan capital represents dilution of 32.3%. The main reason for this is that Riverfort is not a long-term shareholder, as evidenced by the fact that it sold down its holding of 6.5m shares received in April to only 2.95m (-55%) by July. Even though it has received more shares, its holding is not disclosed as being >3.0% declarable threshold. Therefore, it is continually selling shares, which, in turn, causes the share price to fall, making the next drawdown even more expensive. Based on the current share price, Genedrive will need to issue an estimated18.25m more shares and a further 8.0m warrants, which would provide the potential to raise another £0.85m. The total issue of shares will represent dilution of 56% and in the event that all the warrants are exercised, this would increase to 78%, but potentially raise a further ca.£2.8m. However, given that most of the warrants are out of the money, there is a high probability that the warrants will not be exercised.
Amazingly, Sareum announced a similar deal with the same investor in November. On the evidence of GDR, guess where the share price is going!
Avoid when its too complicated to get your head around
Genedrive As the old saying goes: “if it is difficult to understand, it is almost certainly detrimental to shareholders”. Never has this been more true than in the case of Genedrive (and more recently, Sareum). Although I accept that the board was probably in a difficult position with a shareholder list of mostly retail investors, but desperate for cash, the loan facility announced in March 2023 with Riverfort Global Opportunities PCC Ltd (Riverfort) is extremely complex. After more than 35 years as an analyst, I consider myself reasonably financially literate. However, I can honestly say that I have read this agreement at least 10 times and I still do not fully understand it! In summary, Riverfort made £5m available to the company. £2m was drawn down immediately with the remaining £3m available for £0.3m monthly drawdown subject to certain conditions being fulfilled. The loan capital is being repaid through the issuance of new shares to Riverfort priced on a specific calculation (reference price) and can be sold in the market, based on a series of conditions related to daily volumes traded. On each drawdown, Riverfort also receives warrants equal to 40% of the drawdown at the recalculated reference price, exercisable at 140% of this reference price. The following table shows what has happened to date.
Some good news on first trading day of 2024 up 21%
Not looked at them for over a year around same price after today's rise .
I see they went up to 142p early May last year , before falling back to 3 year low of 52.5p mid December .
Maybe better if you are clever enough to trade these AIM shares then sit on them ?
Sareum soared 22%, after the pharmaceutical company's co-development partner CRT Pioneer Fund entered into a development and commercialisation licence for SRA737 with an unnamed US biopharmaceutical company.
SRA737 is a clinical-stage oral, selective checkpoint kinase 1 inhibitor that targets cancer cell replication and DNA damage repair mechanisms.
Last look at these 9th November
25% rise here today ( spread 9% ) price 91p
The slide continued to Wednesday 14th December bottoming at 72.5p.
As before. No dross comments please I will not bother to read , but will save blocking up the pages .
273 pages to pass to see my last post when I last bought, big fall after Rns 5.30pm last night .
77.5p start of trading today ,before climbing back to 105p by 9.30am . 10% spread .
Bought a tranche back for 215p... midday.
No dross comments please I will not bother to read , but to save blocking up the pages .
Yes him along with cartunes. Thank heavens they are not here
Ripley, that's the funniest post I have read for some time. Don't tell me........ you'd put a donkey to shame in the winkle department. Some mothers certainly do have them.
For a moment, I thought we had AWOO back! remember him? Made his fortune on 88e in his early 20's and professed to be the best and most flamboyant trader on AIM. Never heard of him since.
Ripley - do you purposely flood the board with multiple pointless posts on a day when we ether have a decent start (was up 9% an hour ago), or when informative posts from the likes of Citizen are made (the slides) in an effort to bump the threads actually worth reading, further down the page?
Genuine question
Ripley my dear boy, if you were that good you wouldn't be posting on a share board. I would assume either you would be discovering the world, running an advice based company, charity work, philanthropy or many other things to utilise your trading wealth- whichever it was you would be too busy to be on bb boards advising us poor mortals.
Yee-Hah; TM is not the Messiah ; Ripley IS and he is so modest ; The bestest trader in the world by him own admission; such a FKIN hero
Bluedreamer I do not need any help from you , I am a very good share dealer , I do not know anyone as good ( If I am ever lucky enough to see one , I will love to take advise from them )
I post live trades so fools can not say I am making it up .
I am guided by lights and that makes many very jealous they would do better being a student then trying to teach me .
That is free advise people in my area know I am kind .
But please no more from anyone , I help others for free and am fortunate to have been put in that position, but my time is limited no more dross .
Hello Ripley94 you're right doesn't work. Quick way just do a new post with just one word in it like HELLO. When it posts then click on your name and there's all your posts quick as day.
Hope that helps you
Hi Bluedreamer that has been said before and does not work .
( you can not reply as you state )
That was a waste of my time , far more time then having to read one post .
Now you have nothing to say of any use to me I doubt anyone is bothered by what you post I wish i did not have to trawl through pages of dross .
Do yourself a favor and use the filter .
Why tell us how many pages you have had to go back to your last post. Save you some time just click on your username it will take you to your posts only. If you want to look at what you last posted.
Not that anybody's bothered besides you
Had to wade through 34 pages to find my last post .
Bought a tranche back for 230p at 10.40am
Ripley, no one is interested.
Back 17 pages to find last post of two days ago .
Sold a tranche for 330p 8.29am on a limit sell order of 290p, that looks lucky on first glance but anyhow .. TYJ .
Chart shows that price I was given was a pull back from 340p after which it hit the day high of 345p all around my deal time, looks like broker taking his cut .
zig zag down to the day low of 275p at 1.30pm .
I thought I had posted the two sales monday 11th at 190p & 200p
And yesterdays near close of 259p ( a sharp rise up to that at close , which was a sign for this mornings large rise )