Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
that's true but the MMs can manipulate this by playing with the spread and also delaying notification of the trade so it drops into the sell side of the mid price and not the buy side, creating an incorrect impression of transactions
Trust me guys, number one I wouldn’t have put my good name to this business as a director (unpaid) unless I believed in it and the team. Number two i wouldn’t have put £500k of my own cash into this after we suspended and delisted unless I expected it to turn out to be a great investment, I am a hugely successful entrepreneur and no fool. I look forward to seeing your faith rewarded
Anyone investing in a placing needs an incentive, the incentive Is usually by way of a big discount or warrants , a discounted placing usually is to shareholders detriment as it drives down the SP, warrants have a higher strike price and are therefore more likely to hold back the SP at certain point rather than drive it down. I have a very large portfolio and am a well seasoned investor , I would much sooner companies I am invested in did sensible price placings with warrants attached rather then highly dilutive discounted placings.
Don’t forget the warrants i exercised were priced at 100% premium to the placing price / SP at that time
11,833,333 of the warrants were mine, I don't intend selling these anytime soon so I struggle to see why you think it likely that these conversions will drive the SP down, I could have sold at 4p but didn't and certainly wont be selling down at this level
yes but usually they have been paid for them at that time, this time they wont actually have been exercised until funds have been received, prior to this it is just an intention to exercise them, I am sure if the share price suddenly crashed they might find it a bit harder to get the cash from people, although I couldn't ever see that happening
Hi Guys, just letting you know that the 2.5m "Sell" was in fact a buy, i know this because its my buy and an absolute bargain!!!
agree, this is crazy cheap, I have a huge holding here but am seriously thinking about adding at this level
I just gave notice to convert all of my 11,833,333 warrants this morning , this should be virtually all of the outstanding 0.6p warrants, I think there is maybe another 2m to go. If the MMs are expecting to find these on the market they will have a nasty shock, I wont be selling these anytime soon
Big difference here , firstly we have a great product , secondly I have known CP and invested in him for over 10 years & thirdly I am on the board and get to see everything that goes on plus have a say in it
You are most welcome stix
I have a nice size holding in EUA and would love to believe that a deal will be announced next week but I don’t actually think a deal will be announced until maybe early in the new year, it would be good to at least get a few nice RNSs whilst we wait though to sustain the SP.
I will be converting my remaining warrants next week (just under 12m) exciting times there for sure.
Hopefully we will see exciting times return here, you can be sure I am doing my utmost to make it happen.
Have a great weekend
HI Guys
I understand all of your concerns, dont forget I am the largest share holder here. Just want you to know that I do read the boards and am also using my influence on the BOD to get this relisted within the stated timescale, there are no plans to take this private or any of the other nonsense.
Markets are tough right now, raising money for anything is difficult, look at how few placings and IPO's there have been recently, we will get this right
GLA
MJ