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Much quicker turn around time, 2 days as a opposed to 2 weeks. Tests done in the UK not sent abroad to China or Canada or US. We are not looking to displace the competition. We are looking to offer them OUR test at more competitive prices with a quicker turn around as it can be done in house not at specialist labs. The end game will be to have it as the norm across the NHS and to export. Despite what some wish to believe re the historical problems with VIY this is a separate new entity and like it or not Reynolds is a respected and sought after businessman. Imagine the options that were on the table for VIY, I can guarantee you there were several very good companies that were looked at and THIS is the one that was chosen as the best option going forward. Their own money is in it, plus very large II's. It's the "competition" that will be worrying, they will have to jump on board or be left behind.
Not sure about the UK but it looks a tough market in the USA - Maybe thats why they are staying away from it. "Companies developing NIPT are operating in a highly competitive and litigious environment" cirge.stanford.edu/pd4101.pdf
IONA test is cheaper, I think the figure of £300 was banded about and faster. Makes you wonder if there's any other more established competitors in UK???
apologies if this has been asked before but how does the iona test differ to these which are already available in the uk? http://www.uds.uk.com/non-invasive
If I close my eyes and read your post I might believe :) Premaitha £10.4M valuation. How do you value this business??? Could you give us few valid points of how can one value the company which was setup 14months ago, 12staff and no certified product be valued at £10.4M??? How did they come up with this valuation??? (ENRON) IONA test study/research only begun in Mar this year. IONA product is not certified yet. SAR and VAL- 10years in the making... Over to you
Hello, not sure your actual point, but afaik Sandeep and Bob Dean (who has since departed anyway) were working for GBP 1. That is only until Sandeep secures funding when it will be renegotiated. So, until and if SG gets funding it's a Pound/mth and if he doesn't then immaterial. Now that he has also resigned from Vialogy BOD, it may well be different even if he does get funding for VEC. I happen to believe SG will do it within the year and before the IP is otherwise returned and if we stick with it long enough. There is around 9 months of the year still to go as the transfer was late March. atb
I beg my pardon, you are completely correct.. Back to bed for me ! ha ha.. I only got mine this morning and have read it wrong.. Yes 0.11 is 11p.. Cheers for correcting me
I think that you have it wrong there; the offer is at 11p as the take up is POST (after) the consolidation.
Its 0.11 a share mate, so £802.57
Hello lump ( we have some mad names on here don't we!!) I think that extra bit is were you can ask for extra shares over and above.
Can someone please help. I have some shares in my ISA account and some in my trading account. I have worked out how many I am entitled to according to my holdings and that tallies with the offer. BUT additionally I am being offered a further 729,615 shares at 11p. Is any one else getting this ? Obviously this is another £80k worth, I cant afford to take this up this month or any month come to that. But it is somewhat confusing.
in brief what is going on regarding the reverse takeover? I missed out on the last couple of weeks. I was expecting this stock to go up after the suspension but looks like we're sliding...?
Yep but it said salary £1 then at a later date a review and a lump sum to be decided at a later date.Sandeep was £1 to.
£6.75 buy was mine.... I'm joking of course.......
Alexios I believe you are confusing the acquisition of Premaitha with dilution. Vialogy has bought Premaitha so to peak and therefore its shareholders have a totally new entity to their name, it is not a dilution therefore but a re rating of the company assets. The original raising of capital was to do just that, to find a new business, more money was needed since as Premaitha is evidently worth more. If we capture this market then £20m will seem like a joke, I'm certainly sticking in there and taking up my full entitlement. GLA
but i see the downside too, i'll end up with 19500 new shares with an average of 17.5p with the OO, i suppose the question is how do you rate the new company, do you like the products, can they spend money wisely etc etc. starting mcap of £20mill, that could easily drop to £6mill just to match cash in hand..so it could be a reverse spike as well as a reverse takeover or it could jump through hoops in a few months..
thanks for posting the figures. what do you want to discuss? Mr Reynolds clearly thinks that the new company will justify an mcap of at least £94m when the product goes to market or he wouldn't have bought it as he needs that 50p level. I dont think any of us really appreciate how big this product may be once out there, we know there is a 4.2b market but we dont know how much of that it will corner. if it corners 25% of it thats a £billion, what sort of mcap would that put the company at?? who knows. will this turn out to be adam reynolds best ever deal??? he reckons it will.
Current sp of 0.5p and sp of 50p after rto are not equal equations From current mid of 0.15p sp needs to rise around 340% to trigger 0.5p options Mcap £13.2M at 0.5p And Mcap after rto and dilution shares placed and sp of 50p is £94M with 188M shares in issue, 712% higher than the Mcap pre rto and dilution and at 0.5p, which is £13.2M. Technically his 0.5p options would convert at 7p if we are to align the current and new Mcaps Not sure if anyone worked out than shareholdings are diluted x7 or 700%))) Current shares in issue 2.689Bn, consolidation of 1for100 gives 26.89M shares in issue pre rto amd dilution. Shares in issue after rto and dilution 188M 188M/26.89 = 6.99 Funny how no one is willing to discuss this huge dilution.
Yes you can.
If you are looking in, you made some good moves across the boards and when you arrive on the scene it is usually a good sign. Phoenix comes to mind, see you around here again soon.
Sorry to hear about larry. Reassuring to know he hadnt just sold up and gone quiet though.
Finally received the message from HL timed at 14.38. Seems that I need to find £1300 quid. Anyone know if we can sell up now and still take advantage of the offer?.
Why so many sells ??? It seems that people are getting tired of waiting and decide to move the money in other companies. Honestly, I have shares here but I don't feel secure and I believe that SP is gambling. We could have massive profits or we can never stop hoping that we could have massive profits.
whats with the 14.29% spread !?? if we had an influx of buying this would rocket!