Member Info for Armada

Silotar, It's not MYPAY. The company has already said that Mypay will have 8.6% of the company once they are issued 72,463,768 shares. The mystery is about the other 14.5% stake. Atlas were issued about 158m shares and someone is holding undeclared 122m. Someone is building a stake in the company but the intentions are unknown. Once Atlas start converting their bonds, the mystery investor will have chance to increase his stake. Very interesting times ahead.

May be MB has been selling his 144,000 shares.

If Atlas are not supposed to short sell or forward sell then who else is selling. Suppose Atlas had 23m shares on 12/6 which is just under 3%. Don't you think they would have sold that lot by now. In doing so they have made some loss as well because they bought at 1.38p. The other question is, if they don't have any stock to sell, how are they going to keep the price down tomorrow.

Atlas bought their last batch at 1.38p, do you really think they are selling at a loss.

I wonder who might be selling at these prices. Can't be private investors unless they are taking a big loss on their holding. They are coming out at wrong time.IMO

Hi Jarv55, even if Atlas does their first conversion today they will have to buy shares at much higher price than 1.225p. Conversion could be the volume weighted average of 23/5 at 1.38p, 24/5 at 1.43p and 20/6 at 1.23p

Some investors are asking why there wasn't an equity raise. I think having a rights issue would have been more expensive and time consuming involving price discount, brokers fees, underwriting fees and charges etc. Now at least the company has already received the money. Secondly, Atlas hasn't already converted some bonds and started selling as some one was implying. The conversion will be based on an average of three days of closing stock prices and today was the first day.I am LTH.

Some people are good at filling pockets of MMs. MMs are happy to buy at 1.52p and straight away sell at 1.63p.

There wouldn't be any RNS about Atlas holdings unless they hold more than 3%. If less than 3% they don't have to tell the company or FCA.

Who is selling today at these low prices? In my opinion.... 1. People who bought under 1.5p. ( very few) 2. Penic sellers taking a big loss thinking of investing somewhere else to make money.( they could loose even more) 3. Selling now and thinking of buying later on at a cheaper price. ( No guarantee and they will repent their decision) 4 People who don't know anything about this company's business model and growth opportunities or don't believe in it. If there are any more types please let me know.

Chris2, You r not the only one who has made money from MYSQ. I bought shares at 4p,5p and at .9p & I have made money in the past. Your logic of 1p doesn't make any sense. I do hold 4m at present.

RNS of 26/4 clearly states that PK study which started in Nov'17 has finished in April'18 with positive data. Now Phase three trials are two parts. They have started preparation work for 1st part. The actual trial will start in Sept'18 and will finish by Dec'19. After that they will plan to start 2nd part sometime in 2020.

Topprize, thanks for going through the FCA rules regarding declaration of holdings. On the same page there is a paragraph about exemption from declarations for MM, certain Custodians etc. What are your views about that in this context. If someone has build a big position in the company through a Custodian. It's possible.IMO

Yes, It's possible to achieve 5p a share with a valuation of £38m within a year from now. Last year at 6.5p it was valued at £ 31m. If some people care to read FCA rules about companies listings in UK. It's all in black and white about exemption granted to certain CUSTODIANS firms from making declarations about their holdings.

Unless the shares purchased are held by a Custodian. As I said before, certain Custodians are exempt from making declaration of their holdings. " A Custodian is a financial institution that hold customers securities for safe keeping."

According to FCA rules, individual investors and institutional investors are obliged to tell the company and FCA within two to four working days if their holding is more than 3%. At the same time, market makers, certain custodians, clearing & settlement firms are exempt from making any declarations about their holdings.

I don't think MMs and brokers hold large sums of shares in companies unless they are holding on behalf of other companies or institutions. If they hold more then 3% of a company for a few days, are they not liable to declare their holdings to LSE. Again the question is which person or an institution has been buying but hasn't made any declaration.

Frank will be CEO from 18/6. Although Mark will be there to help the company during transition period but he will be without any title.

DShox, Good explanation of the RNS. This is what I also think had happened. On 25/5 the closing share price was 1.45p and on 29/5 1.52p. As Atlas had converted at 1.38p they didn't sell any shares on those two days. Now someone at Atlas has gone back to check and has found their 3.5% holding on 29/5. They had to report otherwise they would have been fined by LSE.

Some investors here want the company to issue RNS for everything which is discussed on this board. At this rate they will have to issue a few RNSs very week. Lot of information was given to us on 14th and 15th May, also Pod cast interviews about the business and future expectations.