Member Info for CC2015

Selling goes on an on in sizeable lumps. I have to say I'm surprised the price is going this low.

I'm beginning to wonder where the shares are coming from.

The question is why is Woodford the only fund manager who has faith in the product. Why is it that some other pharma hasn't snapped it up when it's market cap is so low. I don't know. I put part of my trust in Woodford at the last fund raise that he knew more than me and where did that get me. GLA - I continue to watch from the sidelines

So, I three options right now. 1. Buy my shares back cheaper and cross my fingers for a few years 2. Buy £5k of CPS and cross my fingers 3. Walk away Tbh I'm frustrated. I still think the product could be a big seller but it's just taking too long. Every year their patents run a year closer to expiry and some of them have as little as 5 years left I think. Some longer. I struggle to understand why the market cap is currently £1m. Maybe that is telling me something. Last time they raised £13m and the product is way more developed than it was then. The question is why their is little or no institutional appetite apart from Woodford and Evans this time.

I was on holiday last week enjoying a drink with family when I picked up my mobile and read the RNS on Monday night. I sold out the next morning and got an average of 1.48p for my 350k shares. Good luck to those holding. I find nothing wrong with the way Woodford are approaching this but the actions of the directors and possibly Panmure are a disgrace. The RNS appeared to be rushed and their was information missing from it to make a decent decision. The fact that the share price was stable prior to the announcement suggests to me that the market wasn't expecting what transpired else one of the bigger holders would have been selling out. There are/were a few things that concerned me, although the words whitewash agreement was enough for me to decide to get out if I could salvage anything. These were: 1. Whitewash agreement 2. The warrants on the convertible pref shares 3. The interest on the CPS which means the number of CPS is going to grow every year by 8% 4. The lack of any sales update since June. (suggesting there isn't any or the directors didn't offer any information 5. No update on progress on lactate or time frame for P5 (bearing in mind it was supposed to launch in Dec 2017 and it hasn't even gone for CE marking yet. 6. No commitment from the directors to subscribe to new shares (mind you they probably don't think they've got a job for much longer) 7. And finally I just couldn't see how £5m or £8m was going to be enough given their slow research progress to date. I can see £8m might last 18-21 months after some redundancies but I think there will have to be further investment then. I think I'd rather invest in something more certain even if I pay a higher price. If they only get £5m that's only going to last a year. I also couldn't understand why it's capped at £8m. So, I'm out, have lost confidence in the directors. 1. Lactate was supposed to be on the panel by the end of the year launched and they haven't given a timeframe. Maybe Woodford knows 2. No sales update since June. That's like 5 minutes work. I assume there isn't any but why should I have to assume. 3. I see SVB were given warrants on the loan in January. I kind of figured this out as the Sphere website did update but I see this as seeking to mislead by the directors. The institutions don't like it either. 1. Octopus sold out. Trades 42 on Thursday and 40 on Friday 4,750,000+1,500,000 2. Ruffer sold out. Trades 126+144 on Tuesday 3,153,895+2,500,000 3. Herald sold out. Trade 121 on Tuesday, 2,009,262 4. Artemis sold out. Trade 120 on Tuesday. 807,091 I can't be bothered to trawl through any more as I'm out but it don't look good. Of course they could all be selling their shares to crystallize tax losses and invest in the CPS. Are the CPS EIS invest-able? - I have no idea but I didn't see any reference to it. So, I three options right now. 1. Buy my shares back cheaper and cross my fingers for a few years 2. Buy £

Yes u can vote for the resolution and sell the shares tomorrow. One wonders if octopus have already done so. If u forget to vote it will be a nil return i.e. U won't have voted either way Suggest u vote yes and leave your option open on selling your shares. Unless of course u believe Woodford and Evans are ripping u off and a liquidator would get you a better return by selling the patents

Choices are Ruffer Octopus OCD or LSP. On basis of previous large trades Herald and Parkway with smaller holdings below 4m are already out

Late trade 4.75m sell

i would suggest two reasons: 1. It appears there were a number of short term speculators who bought before the results who closed the moment they saw the results weren't going to drive it higher 2. I think the £2m loss in the Central and South division was enough to spook a few people. Memories of CLLN, IRV, BBY - some really don't like any form of surprise or hint of accounting wizardry. I don't see it this way. I see it as the company being completely transparent at the first possible opportunity and they do state it will make a profit in the second half. The market can stay irrational for some considerable time...

WPCT is up 4% since it's launch. Whilst not great it is at least positive.

I get something like. Projected profit =£9m. Number of shares = £42m. So, EPS = 21.4p. I suggest 8 x earnings as this is the construction sector = 170p less 5p as the cash is less than the pension deficit by about that amount = 165p. However you call it a share price of 85p is crazy low.

For no apparent reason. Not that large though. Another couple might move the price perhaps

new Trinity Delta note: Nothing much of interest: http://docs.wixstatic.com/ugd/07354c_9e23a69905e94d0b90ddfadaadd9ddda.pdf

Not much to say. Lots of demonstrations showing there's a market for the product and people are interested. Not many sales suggesting a)hospitals have no money b)business case takes time to get through hospital red tape c)price point is too high to incentivise change I suspect a combination of all three but mostly a)

That 50k trade is interesting. Still feels like someone is collecting stock as and when it becomes available

only 6 to go then...

Just checked. Only 10k shares available to buy at 8.25. MM won't give a quote for anything higher so hopefully price is about to move up

oooh. A little buy - can we get 3 today?

ahh.. But the MM's now want 8.24 to buy and the most you can buy is 50k so it feels like it's about to move

Hmm. That's two trades now. If I see a third one I'll assume something is up