Member Info for andip85

Almost sold out at a loss here the other day - thanks to those mentioning the 21st for results and it made me hold and the wait has been rewarded so far. Still in the red, but must closer to break even now!

Yet again, another share showing the patience rewards!

Buys higher than sells again today (I know it's not a sure sign, etc etc) even with the SP drop. If someone is accumulating still and there's no large seller (e.g TB) trying to get a set price for shares then the one option maybe to drop the SP to see who falls out.
Don't blame people for selling - especially given where we've been.

It'll certainly be interesting to see any TR1s that drop to see whats going on!

Just my opinion, DYOR

Nice opportunity for a cheeky top-up. Didn't think I'd get the chance below break even again so winner!!

Just my opinion, DYOR.

Annoying - had a price to buy at, we were close but SP has just risen again! Must be a sign telling me not to get greedy :p

Just my opinion, DYOR.

If someone was hoovering up (and/or selling) at around 2.8-2.9 yesterday, unless they're done surely we'd just sit at the same level?

Anyway, not even 8.30 yet so plenty of time for things to pan out over the course of the day. After a couple of days at > +20% - a relatively flat day is due anyway.

While the TB news maybe deemed good for PI - it may not be as good for those who just want to make a load of cash by buying/selling at the right time...

Just my opinion, DYOR.

Or a BOD that want to be in control of the news flow via the proper channels. A guy posting a picture of a lorry on Twitter is not an official channel.

There's clearly a lot of positive sentiment here - while there has been a pullback from the highs earlier, the Speed Limit hasn't caused a massive drop as I've see occur elsewhere. In a lot of respects, some pullback was inevitable here - plenty have been invested since 1p or under - and we've been pumped and dumped once before. People are taking a bit of profit as they get out of the red.

Just my opinion, DYOR

I started off with an average of over 6p and worked down to 2.8. Certainly not talking the sums that you have invested but it's all relative I suppose. Averaging down was done well under the 2p mark as it felt like a calculated risk at that point.

No one knows where the SP will go from here - it could go up, it could go down. We've seen massive spikes and drops previously. Fundamentals _are_ better now and the news we're expecting is good - but that doesn't mean we _will_ get good news.

You shouldn't let anyone tell you now is the time to buy (or sell) - that's a decision you have to make based on your appetite for risk etc. Personally, the time to average down was closer to 1p - but that's just my appetite for risk and the fact I was in well over what was comfortable!

Just my opinion, DYOR.

Hit blue on smaller holding at ~ 1.8. Bigger holding back even ~ 2.8. Chickens are not counted yet - you only make/loose money on sell, but it's nice to be back around even rather than 50+ % down...

Obviously, with RMS anything can change in a heartbeat though!

@Haha

I'm not totally convinced that Dr Cave was intentionally ramping. He was enthusiastic about the product and P2F were also active on twitter.

That caused a buzz and the SP went up. There may have been things said that shouldn't have been but I don't think any of that was intentional.

I also agree that the BOD have gotten the company to this point - but I'm not sure whether it was in the companies best interests or theirs. Hence the uproar over the way this placing (and warrants) has been done

Just my thoughts. Dyor

It's great that the company has another 8 mill coming in. But to what end? Does the company _actually_ need the money to progress OR is the placing (and associated warrants) just a way by which some people can "get rich quick"?

As you said - once the placing drops and (assuming) the warrants are agreed then the SP would need to be above 2p to make it worth converting them. So the SP gets pumped (again) - the warrants (and maybe placing shares) are offloaded as they were first time around and those involved get even more cash - leaving those left behind to deal with the dilution and inevitable SP dump.

I'd totally back the placing AND warrants if there was a clear business need for the cash raise. But the SP was dumped (via negative RNS) and the placing called - not seemingly in the best interests of the company/ share holders but to allow some people a cheap "in". Coupled with the equivalent number of warrants at a knock down price - this feels purely designed to line the pockets of a small number of people and not to help boost the company and move it forward. You don't raise 8 million quid via a dilution "to help move along some projects - but we're not exactly sure what just yet".

Just my views, DYOR.

@1509 - thanks what was my current understanding too. Just trying to work out the likelihood of spanners being thrown in and the potential steps that could be taken to counter what Dr Cave is doing

Thanks

Serious question...
I'm in for over 200k shares at the moment (and down over both holdings). I support the notion of blocking the warrants - doesn't make a lot of sense to me why they're including. The placing was oversubscribed - and hopefully we'll find out who the investors are once the shares go live.

Anyway, the question:
What's to stop the current BOD (or the new investors come to that) from hoovering up shares to ensure they have a majority sufficient to win the vote at the AGM? It's in their interest to make sure the vote passes as it's another massive chunk of shares at a potential knockdown price (although would rely on the SP going back above 2p so some ramping required)
If this was the plan, are there enough shares being issued as part of the placing for this to come about or would some shares from the market also be required? It feels like a bit of a race to 50% of the votes - with some unknowns hiding in terms of holders etc...?

Looking at the buys coming through yesterday - there are some pretty massive ones - maybe beyond the realm of the average PI. There was a suspicion previously that there was a buyer somewhere in the background...

Anyway, just some thoughts which would be interesting to understand. I totally support the warrants being cancelled - unless there's a massively good reason for the company to need the money (which hasn't yet been provided).

Just my thoughts from a genuinely interested party! DYOR

Topped up again on the dip to average down. Could well be a bad idea - but it gets me to a better place. Still down a good chunk though....

All I can say is it feels like the SP has been played - and played very well. It has allowed some to get out with a good profit and potentially the same people back in at a lower price....
The SP could have been increased with differently worded RNSs resulting in a smaller dilution - but this way there's a bigger chance of a higher profit from this basement price. Feels like the price was artificially dropped to get a lower "buy in" price - and the 2p warrants are just extra cash for someone. Remains to be seen who the investors are - hopefully this becomes clearer over the next few weeks.

There's still an upside here - may not be as big as it once was and may not come as quickly - but I'm pinning hopes on a rise over the next few months. I do hope we don't have another short term spike/profit take - but my suspicion is, once the placing shares are in circulation we'll have some good news and we'll see an increase...

This is just my opinion, DYOR. Neither a ramp or deramp - just some realism. I'm invested and down here!

Not counting chickens yet by any means, but managed to average down from an initial buy in at over 10 GBP. Averaged down (should have done more in fairness, but started to get a bit squeaky with amounts etc). Just made it back to break even which is nice. Obviously a long way to go / consolidation required but it's a much better place to be.

Lets hope that the steady rise continues now.

Just my opinion, DYOR.

What Silverbackboy said... Vaccine news worked out well for Blackrock - they got their required shares at a reduced price.
Doubt we'll see a pump and dump here tbh - most of the "weaker" sellers are already out (they sold when the price dropped).

Just my thoughts, DYOR.

Restart of the POSP remains on track for week of 30th November. Happy Thanksgiving everyone!

It explains the reason that BRH decided to sell up their holding. They took an opportunity to sell their second batch above where they expected and release some shares back into the wild to be picked up. Makes me wonder if they were aware of a significant buyer when their first batch was sold - and were also aware that the same buyer wanted more shares at a price they were happy to let them go for....

Doesn't change things here that much IMO. Just explains the reasoning behind their sales and nothing more. Should help alleviate some fears they sold out for some sinister reason though.

Does leave the question open of who was hoovering up their shares though....

Just my thoughts, DYOR.

Those can't be traded until Aug 21 looking at the RNS.

Gut feel says there's still a buyer hoovering shares up somewhere - buys are higher than sells and yet the SP is pretty much static (and has been around this area for a while) . Volume has dried up a bit today so perhaps the seller(s) are done now.

All just guesswork at this point - until a future RNS or TR1 we won't know what's going on.

SP isn't tanking and seems pretty happy around this level so I'd take that as a positive for the moment. Lets see what happens when some news lands.

Just my views, DYOR etc

At what point does a buyer have to disclose - at the end of their activity or when the cross the disclosure threshold?

Ta

The only other piece of the puzzle is who the buyers are (assuming there is one (or more))!