Member Info for berniemadoff

I was under the impression that they have to report if they slip below 1%? Anyway even if that isn't the case if SL wanted to divest their entire holding they've had almost 3 months to get rid of under 4m shares so I doubt it's them holding back the sp. The Majedie Fund are definitely dumping and after the big dumps of the last few days I expect to see a holdings rns saying they're now also below 3%. If the dumps are theirs I make it that they're now down to the last million.

Just totted up the volume since start of Oct and it's approx 40m. I suspect a lot of the sells are from PIs getting rid as they saw the sp slide with the dumping of the institutional seller

As of 28 July Standard life only had 4m shares left but the fact that we've not seen a Holdings rns saying they have slipped below 1% would lead me to believe they are not selling down their entire holding. It's just the Majedie fund or we would have had a Holdings rns.

Well that's another million gone from the majedie fund. Once he clears this should move back up pretty sharpish

I think it's a big jump from the boss not communicating to a placing! My own take is that if there was to be another placing we wouldn't have seen the person who took up all the last placing shares Roberto Bella buying on the open market until at least Sept. I'm sure that if a placing was going to be done the BOD would have allowed him to buy the equity. I mean if I'd just invested in a company in July to the tune of £1m @20p per share imagine how annoyed I'd be if the company let me buy shares on the open market at between 15-20p while it was busy arranging a placing at 6p. Doesn't stack up

calm down calm down. look at the revenue they're going to get from the contracts, hardly worth that much!

also the placing at 20p in July was taken up by an ex managing director of Morgan Stanley, Roberto Sella. He's susequently taken his holding up to 9% by buying on the open market. I'm sure he is kicking the CEO's backside as we speak. this drop just seems to be a result of the Majedi fund offloading

so assuming the same cash burn for this year the £3m would see them through to next June

half year financials show £2m in the bank plus £1m raised from placing. so wouldn't have thought there's any immediate need for placing, certainly not for working capital anyway

roll on the news

joined you, once again thanks for the heads up, got in at 6.25 but needed to fill or kill

regardless of the rumours, we know the BOD are looking to make an acquisition and have been doing so for several months now.

sp going up again

this is easy money if you can hold for a few days

great start here, any decent deal will see this back over 0.3 at least

is no mug. bought 3% of the company to date so must tell you something is cooking

£2m in cash, ready for new acquisition/project, hoping for a bag at least

what you expecting, acquisition?

just speak to your broker

broker said technically your name goes on the register the moment you buy the shares