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I should be on the list based on my holding but I'm not! Wonder if because my holding is split across isa and fund&share account
The best news is confirmation that bexmarilimab is already saving lives of patients with solid tumours who have exhausted all treatment options
Thought of XSG as soon as I saw it. Unfortunately I'm an ex-investor following an calamitous mistake last year - saw the primary bid placing and tried to be clever selling my shares above that to buy in cheaper in the placing. Was going to stick in £5-10k, unfortunately I had ID issues with my account and missed out. Lesson learned!
However I wish all holders the best, I still really like the company and hope it continues to do well.
Could be linked to this article?
https://amp.theguardian.com/environment/2021/jan/12/clothes-washing-linked-to-pervasive-plastic-pollution-in-the-arctic
20 pence? Your figures are more than a bit out there! Try 20 quid.
Needs to be discounted of course.
Guys it's not hard! There was a 20:1 share consolidation at current circa 3.25p roughly equivalent to 0.16 in old money, so down around 60% on last closing price.
What you should be looking at is why in almost 7 months since suspension bod have not even identified a potential acquisition. There is no solid plan, the move to main market is just a distraction.
NT to buy again. Bid rising. Support for the sp is very encouraging
A lot of messages to get through in the last few days! Not sure if it's been mentioned, but after the confusion on option strike prices over the last couple of weeks I think it was overlooked that it was based on 30 day average up to and including 23rd July.
So the exercise prices are much lower than I think most of us realised.
Interesting that you could hardly have picked a better 30 day period for the lowest possible sp. Also interesting, the very next day from the 30 day calculation, the sp suddenly shoots back up to levels from a few months ago!
Coincidence?
I think it means valuation in terms of share based payment valuation, rather than exercise price.
If I get chance later I'll have a more thorough read through the original RNS, busy day ahead though!
*Your
You're right, that was strange.
My mistake on the exercise prices, I had pulled the wrong figures from that comically long RNS! Serves me right for reading it on mobile. My figures relate to the valuation of the options not the exercise price, as below in old money:
0.0145 pence, being the underlying share price on the Valuation Date, used as the input in the pricing model; the exercise prices, therefore, being 0.0181 pence for Tranche 1; 0.0218 pence for Tranche 2; and 0.0254 pence for Tranche 3, based on premia of 25%, 50% and 75% respectively to the input price (effectively mirroring the exercise price terms of the Incentive Options being granted to Mr Read and Mr Campion)
You're figures are much better in terms of aligning with shareholder interests!
Where have all the posts from yesterday afternoon and today gone?
I make the newly announced incentives targets to be:
9p
10.9p
And 12.7p
I think this might be placing shares that people are cashing in to free up funds for EUA.
Lombard continue to increase. I'm holding on to mine.
Just picked up another 0.7m at 0.2p. This is a free ride for me anyway as I've traded a few times over the last 6 months but now holding 6.5m and happy to sit on that whilst RTO hopefully concludes
Re share options, I'll reiterate what I said about not seeing these as being a bad thing.
If I read correctly these are exercisable in 3 tranches, at exercise prices (at pre consolidation amounts) of 0.018, 0.0218, 0.0254.
To try and value these options, for every 50m share options assuming tranches split equally
At current price = worthless
At 0.018 = worthless
At 0.0218 = £633
At 0.0254 = £1.8k
At 0.03 = £4k
At 0.05 = £14k
At 0.07 = £24k
At 0.1 = £39k
At 0.13 = £54k
So at 10x current sp, for example Dan Smith would gain £54k if he exercised, whereas LR would get £380k. Which I wouldn't begrudge but I understand everyone has different averages and views on successful outcome.
The options are OK in my eyes, but as I have said and many others too, what we need now is management buying in at these levels as well to boost confidence in the company
The RTO will happen when all DD and legal work is complete. Next week was never a deadline in my eyes I'm here until it happens and quite comfortable if it goes in to suspension.
Frustrating - I've got over 150m shares here and would be tempted to double my holding at these levels, as I said the other week this is worth more than mcap just as a cash shell given the accrued tax losses.
Out of principle I'm not putting in another penny until directors do the same. The fact that they aren't at these levels is very telling to me
I'll repeat - time for LR to back up his talk about the asset by buying some shares. That would be the quickest remedy to the lowly sp in my view.
I don't expect he will though
As I said yesterday I think the share options are not a bad thing. But what would be reassuring to investors is if the BoD backed up what they're saying about the fantastic asset and direction of the company by taking on some risk via share purchases. Share options are zero risk.
This has come up multiple times and previously batted away with the suggestion that they can't due to NDAs and being in a closed period. I think the interview shows this clearly isn't the case - there is no imminent deal. So come on LR, time to put your money where your mouth is.