Member Info for Cherokee101

Companies are under an obligation to avoid, to their best abilities, promoting insider trading.

If there is big news, and the company chooses to withold that information until a time which suits them, it could really put "outsiders" at risk of losing it.

The best thing for them to do, is to suspend the stock on such monumental news... imagine bob the builder overhearing TS on the crapper....

It's all relative ain't it. Friend of a friend made a small fortune on Fevertree over past 4 years. Not enough to outright retire, but he paid off his mortgage.

Unless I am completely mistaken - I read the RNS to imply that come funding or not, there would at least be an update by April end. I am quite cynical, and also believe May is when we probably start to run dry on money (recall we are burning through cash faster than we thought due to the progression rate). So if we don't get funding signed off, it could be a timelime RNS for when we slow down production. Btw, Fred, you have mentioned biking a few times, are you that biker girl in the SXX investor group on facebook?

In my opinion, the 400-600m will be dilution - the 4 options to raise the money are all dilutive: 1. Strat partner - they will take their pound of flesh 2. Alternative / hybrid debt - well , converts are dilutive if changed to equity, which is what will happen once the price rockets 3. Equity raise - straight dilution So the question is not "will there be dilution?" It is "Would you like sauce with your dilution?".

Listed companies should release an RNS once they have come to the conclusion that the information they possess is "material" and "price sensitive". Companies can't hold such material price sensitive news until it suits them to release it, as it promotes insider trading as more and more people come to know the news. They can however, choose to release it at market close, to ensure minimal disruption as possible. With this MacDaddy make or break scenario, I reckon it will be posted after close, so we can digest the depth of information. After close today might make sense, to allow a long weekend of digestion.

The BoD don't "have" to do anything. This is all about trust unfortunately.... do we trust Scrimshaw, Fraser and TS?? The nitpick on this front, is why haven't any insiders bought a single share over the past 12 months ish ....

That PPVN guy on ADVFN (their own PAAA) - yikes too many abbrevs Well he came out with some compelling placement price scenarios based on Gina's 20p in price. He also set out to remind people about how Fortescue managed to get billions underwritten by JPM... against all odds. I for one, feel a bit more sanguine having re-read the fortescue story. Aussies really do stick together. Gina, Fraser and our good ol' chairman (and alright... our half baked Finance Director too). History doesn't repeat itself, but it often rhymes.

I share your concerns Duracell. I thinm we will overrun the April time frame... purely because we haven't kept to a major finance milestone since 2016 (I believe that is correct?). But again, I just wish the BoD would under promise and over deliver. Dilution has as much chance as the other options on the table, my guess is we should accept the 400-600m as dilution. But the 3bn... hmmmm

This reminds me of what happens almost every year without fail. The price has rocketed up on what? Literally expectation... buy on the rumour and sell on the fact... there has been nothing since the last RNS... Jeez. Patience guys! Wait for facts, ignore the pumping and dumping going on. The true price is probably around here (this is where is stablised post the disappointing RNS last year). Any higher without a positive RNS is just thin air. Hold on for a bumpy ride until April end. Then you better hope a bunny gets pulled out.

Fortescue / Scrimshaw / JPM link has been banded around on facebook. Might be something in it...

You completely missed my point... I'm saying JPM "could" do it... it isn't a lot of money for venture capital. Jeez just look at the Private equity market in the states. Last year Altria backed Juul with $12.8bn!!! Honestly guys.... it isn't the money here. There was/is obviously another issue. My guess has always been ToP quality.

I'm not saying the lender is JPM. I am saying , they could lend £3bn, it isn't much for the largest bank in the world. Anyway, are forgetting the time JPM underwrote a refinancing package worth $4.5bn for Fortescue............ Squeaky bum time.

JPM manage 2.7trn dollars. In 2018, they made $32.5bn of pure profit. They currently have $22bn in net cash on the balance. In last year's annual report JPM announced a $20bn expansion plan to open 400 retail branches in the US over the next 5 years. 3bn is literally pocket change for an investment of such magnitude.

I thought he was one of the good ones? He's bad for trading?... I don't get it?

That forum shows a bit more of the cynical side of things. Lot of dumpers there today getting out of the share.

There wasn't an increase in holdings. Capital Group showed they had sold a wedge! I think the timing shouldn't be looked at too closely. This is rising on something else.

Yeah I am still scratching my head. I "think" capital group dumped shares a few days ago, probably into the strong rise last week. But it meant they had until today to report it. So I "think" today's rise has very little to do with the selling. This appears to be a combo of a short squeeze and the ISA bonanza. I "think" also there may be another leak in this good ship. This time to our favour.

It can be. There are many who are still selling out after being burned in the high 40's which is keeping pressure on the share. So, the ISA buyers topping up... Followed by profit takes and risk minimisers selling down. Also, there is no leak. A leak would mean up 20% at least. Ftse 250 being down and this up also means nothing. This is only of the most widely held PI stocks in the index, so expect idiotic and irrational movements on a daily basis.

A hargreave Lansdown majority owned stock at the beginning of the Isa season. Nothing unusual here unfortunately folks, move along. I will eat my hat if this is a leak to the upside, but miracles do happen....

I would love there to be a leak to the upside. But surely any whiff of a decent stage 2 and we'd be up like 10% at least....... Funds and trackers rebalancing for tax year end?