Member Info for BigYellowPig

Harchris …..there hasn’t been a spike. Just because I want out of this god awful stock doesn’t meant I can’t have an opinion.

It will take even longer to exit as I will need to sell and buy dips, so I will be here for a long time I’m afraid. I’ve not traded any shares yet but when I do, I won’t be stupid to post my buys and sells but I will comment on what I deem to be good or bad news.

Maybe in time I may change my opinion of this stock but the last 12 months have been exceptionally painful. I am not one of those that see any positive in artificially promoting a stock which is undeserved of it. I’d rather push for resolve. Most people don’t agree with that logic but that’s because they have different average prices or can afford the loss. Either way, most words will not effect the share price unless done on mass.

DRB…..Your average will be lower than mine and so your target of break even or profit is closer. Myself and others shouldn’t be vindicated against for having higher average prices and being told it’s tough. I feel completely cheated by this company I simply don’t agree that this LTIP is beneficial for all shareholders.

I’m sure you have read the telegram group and letter that one of the chaps has rightly put forward to DA and Mandy questioning the structure and ethics behind the decision.

You only have to look at the previous LTIP arrangement to see that GM didn’t even hit his initial 0.66 euro target until mid feb 2020. That’s 28/29 months into the 36 plan. So history ain’t great on this and existing execs are still here from that first LTIP. GM was very lucky that covid hit otherwise he wouldn’t have achieved his LTIP whatsoever. Then he milked the share price.

You’re right Valju. Best get Crocodile Dundee out here to check.

I’m sure she thinks the same.

When you read the sentence below from the RNS, it suggests what happens to the price in between Dec 21 (£3.54) and Dec 24 does not matter? The calculation is perhaps based on the start and finish point only? So if it’s £2 now for 35 months and goes to £10 in the final month leading upto them being vested as the targets would still have been hit?

“The baseline for TSR is based on the average closing price of the Company's shares in December 2021 which was £3.54. This will then be compared to the equivalent figure in December 2024.”

Shouldn’t

I just helped you with the calculation Wilson. What a belter. You still missed the entire point of the post which was the ethical part. Should affect swing traders like you though.

70,626,248 x £7.78 = £549,472,209.
549,472,209*1.4 = 7,692,610
7,692,610/70,626,248 = 0.1089p

11.16p ;-)

Thank you DRB, I understand your theory now. It probably needs the board to communicate a detailed breakdown of the calculations with examples.

Hillseeker….no need to be rude, we are all asking questions as both ways could be correct. It doesn’t
mean you are correct.

Ok. So you saying they can keep it below £2 for the next 35 months and ramp it in the last month to get past £7.78……like GM did. That doesn’t sound very fair either though.

DRB…..are you basing the 30 percent on £3.54 for each of the three years? So that is £1.06 per year for the 30%. So the target is £6.72 not £7.77 for board?

Waiting for your apology Valju or evidence

No valju, I know that I haven’t said that. Reference it you idiot or stop telling lies. Why would I tell people to sell at cash levels. Same I said no one will be shorting at cash levels. You are by far the biggest idiot on this bb and bring nothing. At least all my history has been correct. Yours is full of dumb conspiracy theories and attacking anyone slightly negative or questioning the stock.

There you go Valju running your big mouth again. Where did I say to anyone to sell at £1.58?

As I understand it, the board need the share price at £3.54 plus min 30% to maximise their interests.
Dec 2022 = £4.60
Dec 2023 = £5.98
Dec 2024 = £7.78.

Now let’s say the share price is as follows in the future
Dec 2022 = £5.60
Dec 2023 = £7.28
Dec 2024 = £9.46

Now one would assume that £7.78 is an easier target than £9.46. So until the vesting date (Dec 2024), it makes no sense for the share price to rise above £5.98 in 2023. After that then yes, they can ramp the hell out of it to maximise an additional 30% plus but the key price is keeping year 1 and year 2 as close to the 30% as possible.

So long term holders with £6+ averages are stuck here for a minimum of at least two years.

Why haven’t they introduced a sharebuy scheme for non exec employees. At least the execs would then be answerable to the faces they see on a daily basis and not faceless private investors with no say.

Valju…..putting aside our previous debates / arguments, I don’t think the RNS is supporting LTHs at all. It’s easy for some to say ‘tough’ to those with much higher averages but there are two issues here.

1/ the share price was deliberately crashed down. It is evident that there was no appetite by the BoD to support the share price over the last 12 months. GM repeatedly trashed the share price by communicating the DHSC dispute so many times. Every RNS had a negative spin, even R&D RNSs. They failed to hit deadlines. They failed with partnerships for the LFTs. They gave away millions of products free. The shareholders comms was awful. GM then brought more disruption by so called ‘retiring’. DA announced a profit warning end of November 21. The share should have been suspended but we now know that would have interfered with the new LTIP and getting a low target price.

2/ the structure of the LTIP is wrong. Why are the targets hugely reduced from what GM had already ramped the share too in Nov 2020. £7 target in 3 years for a share price that had already hit £12 is ethically wrong.

Blackbird says he is still holding his shares? You are trying to discredit him as someone who wants to buy cheaper. Makes no sense. He’s been tweeting comments all the way through. The counter argument is that you are discrediting him because you recently bought and want to quash any negativity for your own quick swing trade.

You can not deny that the new LTIP is morally and ethically wrong and how they have pushed the share price down to cash levels.

Harchris….Of course Graham hyped up this share. You disagreed with me saying this many times, are you admitting it?

Now people bought higher as they believed the DHSC would be extended, it was all pointing that way based off of what the BoD (Graham Mullis). That would have led to the MCAP rising. This sp is still 2500% up since the sp in Oct 2019, a few months before the pandemic. So maybe the sp is too high still based on your thinking.

There is still an ethical issue here by the old ceo and new one. This guy gets it and I’ve never heard him being negative before:-
https://twitter.com/blackbirdinvest/status/1489546062381649924?s=21

DRB ….all of those are guesses. We don’t know if the second tranche was paid. You are making the figures fit. We need to see the full accounts to be able to see that.

Also, if we lose the DHSC ADR, you know as much as anyone that some of that cash may be required for a repayment to HMG.