Member Info for B_A_B_A

There’s no way in the world that RP could raise a fraction of that kind of money. He’s proven that to us many times in the past (remember ED before True?) - unless it was all part of the plan.

Why didn’t the company reveal this at the AGM the other week, and give the shareholders that attended an opportunity to confront them then? Appears to be cowardice, and underhand.

I’m more concerned that overzealous, baseless and over the top ramping has caused genuine holders to sell. Genuinely more concerned about that than the effects caused by any derampers (not sure there are any though - certainly are detractors, but a very different thing)

I genuinely don't know whether you're being serious or whether you're a hyperactive version of the well known ironic statements posting individual. He's funny though.

What is the proposed placing of new ordinary shares that they refer to in the second bullet point on the second slide, and second bullet point on the 3rd slide (where they state that finnCap are acting on behalf of the company in relation to the fundraising)?

Wrong share? KOD has never been near to 5p!

Unless the seller held less that 3% of course.

It'll be interesting to find out who sold >1% of the company at 12:19 this afternoon. TR1 should follow next week, but I expect that the price might recover slightly now that it's cleared.

What opportunity exists today; is there a podcast scheduled?

Have you sold out now JJAL; using the words ‘you’re going to need it’ instead of ‘we’re going to need it’ suggests so?

I'd be very surprised if any material update were to arrive in the short term. This view is based upon the placing having been at an exceptionally low price just last week, and you can't help but think that if there was a potential catalyst for a higher SP anywhere near the horizon then they'd have waited a week for it to arrive to then do the raise at a better price.

I understand the time critical points that are being made but I can't believe that the deal was so time critical that it couldn't have waited 1 week, hence no news for a while would be my guess. Next news could be 1st hemp crop?

If news were to arrive soon then I'm not sure whether my surprise would be a pleasant one or a frustrated one based upon the hypothesis that I've made above!

Tilburn, I do trust their opinion and expect all of those things to come to fruition.

That is precisely why I feel it’s counter productive when people quote them as facts rather than adding the words ‘likely’ and so on, as you have done and as the chairman did. To remove those additional words is a very obvious and deliberate action and arouses suspicion - where you and I both obviously feel that none ought to be required.

In my opinion it’s when the facts are stretched to the point of becoming almost intentionally misleading, a minimum of 1500 bopd minimum, 5000 bopd minimum, 104 now fully funded, no raise for 104 etc. being examples. None of those points have been provided as facts and yet they are regularly being carefully presented by some as if they were.

The irony is that this share can ramp itself as you say, the fundamentals are excellent, and so it becomes counter productive when individuals are very transparently stretching the facts because it causes people to wonder why rather than doing a bit of research and establishing the positives for themselves.

Irrespective of the market activity, I think the news itself is good and N4P committing its own funds to continue some aspects of Nuvec development rather than relying entirely on others surely provides a stronger position to continue to negotiate from - with greater scope for a more lucrative outcome should it eventually succeed/ become commercial.

The industry conference that they will attend along with AZN will hopefully provide some interesting pointers towards where things could potentially be heading.

I think that it could just as likely have been either. If the time on the trade was when it was completed, it could have been worked as a sell from the morning (which might explain why it appeared to have been within the spread, because the SP was 20% higher at 0800 and a sell of that size would surely have been at a discount).

If that was the case, and the seller was an existing large holder who has agreed to take 3m shares from the placing then no TR-1 will appear.

If it was a buy then we’ll will have to see that holdings RNS I’d have thought, but if a sell then in the above scenario, maybe we won’t. Questions would be raised it it were a sell worked from the open, considering the contents of the RNS at ~midday..

Additionally, if it was a buy then why did the SP fall by 20%? 3m is half of the volume for the entire day.

Maybe there will be a TR1 next week, with increased holdings through participation in the placing for some of the big shareholders.

RNS does mention existing shareholders having taken part.

The way that I read the RNS, the placing is to fund commitments for us that Meddimune consider to be pre-requisites for them agreeing the terms of a collaboration - so on that basis, it has to happen before concluding those negotiations. I would see it as a positive indicator that they have said that if N4P commit to implementing the things that the funding is to be used for then it opens the way to the collaboration being finalised.

That's good enough for me, thanks!

edit: meant to write I'd thought is was a sell...

I'd thought it was a but Blue to be honest. I was on the verge of topping up at that time and got buy quotes at 12.41, but couldn't get a sell quote at all until nearer 10:00 (I was checking the real spread before buying).

What makes you think it was a buy?