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Woodford has probably taken them all out for lunch and they have forgotten about the pi's.....
They must be going for after close release perhaps... Would be like the board..
Well one day they might tell us!
A little shake by the Barrow boys looking for some cheapos!
Remember Sphere shares go down a hell of a lot quicker than t'other way round!
I missed it yesterday :-(
Morning Del....As ever I tend to look on worst case scenarios praying I'm wrong. Don't work too hard!
Morning JL..... Off out to work now....will throw an eye on the market when possible today.....:-) Woodford put in around 5 Million at 16p...and then topped up lower then that...perhaps another £2 million to have his average at roughly 11p...DYOR clearly...but around that... He is putting in another £4 with this CPS investment......so a rough total of around £11/£13 million..... I really would be surprised if he were to put in the figure you quoted.....in my view... Anyway...have a good day...talk later.....
Costello as your the No 1 bad mouther of this Co (fair enough I have no problem with that) why not sell up? Take your loss and move on. You seem certain there is no future for Sphere so why stick around? If I was as sure as you of Sphere's imminent demise I'd be outta here yesterday. Comments such as 'garbage' shares 'dog poo' and the like don't cut it on this BB. It might ease your frustration for a second but it ain't no long term palliative! I know.....stuck in a suspended share for 14 months! Try that one for size and more invested there than here! Anyways enjoy your last few days on this board I hope they are pleasant ones!
Savvy66 we are way past P3 which was basically a lost leader and used to gather feedback from users. We're very much into P4+ and the auto version P5 aimed at the US market...when & if. There are drawbacks from going private the main concern for those who have only the Ords it's unlikely they will see dividends (if any are issued) that does not bother me.....it is will Sphere ever be in a position to return to the public markets and will W want to recoup his considerable investment which could be upwards of £30-40m? He may, he may not? Another consideration is will you be able to sell once inside a private Co? Will you find a buyer should you be desperate for cash? If your throwing your lot in with W&E you better hope he will! W&E& LSF hold 76.3m shares so assuming all the iis and other smaller iis have gone there are c 66m left. Since the crash c106m have been traded so lots of churning however it might be safe to assume that come delisting pis might well own 40% a huge increase from pre crash levels. I bet W didn't see that coming. I have absolutely no idea how the sp will react if the vote passes....I hate this phrase "it's already priced in!" But it might be? Sentiment will improve I'm sure the sp I'm not so sure. Tbh as I'm intending to keep my stock until the last minute (in case we get an offer)...Yea right, sp movements are neither here or there. Expect lots of gyrations between now and the 19th. By then we should be in a better position to decide..."is it with him or agin him?"
Thanks for that. This sounds interesting which could bring better benefits. I'm sure the value at the current level will increase between now and when the company leaves the AIM. obviously not going to recover what I've lost but long term who knows. I still fail to see how proxima 3 had not been reflected in share price. Potential of proxima 4 looks very promising. Were see.
Your current holding will still be valid but in a private company... The 2.82p is the price that Woodford and the Wales fund are buying CPS once the vote goes through for cancellation from AIM... You can subscribe for CPS at the same price but you will need a minimum investment of £5K In total they will be issuing around 280 million new CPS with around the same amount again in warrant form... Thinks that's it...:-)
Just come back from break and just read the latest announcement. Had shares for a while now but not sure what happens if the company goes private. It seems like this is the only viable direction. What it means for us shareholders coming away from AIM? what's the relevance of the 2.82p is that the price for those wishing to buy into the private company? Might sound stupid question but I'm still recovering from break, week that ta my excuse.
Two weeks - no sp.
ignore the noise this is a trade for the next few days yep dog s h it but money to be made
I was thinking the same thing just now....It is also quite funny how quite it goes all of a sudden...:-)
Only another 2500%and I've broke even. A garbage company.........................
......we suddenly went back to where we were a month or so ago and you couldn't buy or sell more than a few thousand at a time? How would all these newbies offload their millions?
Would I be happy to see the sp at 2? Maybe? At 3 I might crack a smile. At 4 I'm warming to it. At 6 I'm defo interested. Then I look at the date....EFF ME it's 2022! Jeez where has all the time gone?
Del...as I understand it the HALO principle can be summed up as... " Be careful what you wish for you might just bloody get it"....along those lines...
Sp on way down as is the norm with Sphere a bit of barrow boys shake about....methinks....meaningless imo....
HALO principle?????
It ain't going into administration!! It's delisting and going private! Administration might happen if the vote is 'NO' and even then it might not. If investors vote for crippling the Co and their investment then we bloody well deserve everything that's coming to us....which won't be much! In such matters one can never be absolute...ask the supply teacher!
you will still own the shares if it de lists
Yup shares traded on crash day was 21.6M followed 3.74M then 4.1m then 2.8M. Today has been by far the bigest trading day! To what pupose and why I have no idea. Still I have near doubled my last two purchases so the play would be sell and reinvest. Will I? Probably not, no make that definitely not pre vote just in case that booogey man strikes unwary investors. Take your point re HALO principle or confirmation bias luckily I don't suffer from this...I think!! It's a very rare day for Sphere to be the centre of attention after years of heedlessness so one days excitement don't make a summer! Won't grumble but we need more info from the EGM whether we get it is questionable.