The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
https://mgcpharma.com.au/investor-centre/news-media/
Everything you need to know before listing, and post. 2015 to roughly 18.02.2021.
One theory is this:
2nd September 2021. You announce MGC Pharmaceuticals Limited CimetrA import approval granted in India
8th September you place an inside 'short' at close the hghest price on the day achieveable. Maybe because it has been decided a placement is due down the line and the price is getting away too quick, and a higher placement price will not attract interest, so to make it attractive send out as much negative vibes as possible, play down MXC, say it has no future, beat on about competition, and get the price down as close the placement price of 2p, at least before 2nd December.
All this has to be done by 2nd December which is the 90 day period to the news on India. So no matter what buys come in you match it with a similar sell, to keep the price in check. Its no big deal as once you get the placement announcement done, you close out the inside 'short' for maybe 2.3p? as seen today? and bank 1p for your troubles? and now the stage is set - the news arrives, no more significant seller, just open road back to previous high first, and then the herd take care of the rest.
That's the theory anyway. Anyone got a better one?
So its 90 days to news on India? Which just happens to be 2nd December? Which just happens to be "The Company requests that the trading halt end on the earlier of the commencement of normal trading on Thursday 2 December 2021, or when the announcement referred to above is released to the market.
A placing? So now it makes sense why those rather large buy trades were going through all day.
The same reason IBM laughed off Microsoft over something called a 'mouse' a device used to navigate around a computer interface. IBM when they DID want to move were so adapted to their own techs they could not adapt fast enough, and ths became the dinosaur of our age. They came to regret that decision. Now who is laughing?
MXC is simply a component in a growing area, and its the public demand that sways decision making ultimately and pressure is being applied as we speak. MXC is not interested in GSK and GSK are not even remotely interested in MXC. How do I know? there is nothing in the public domain.
A 19% loss going on to 20% really tells everything I need to know about that poster. Maybe if they changed one component of their investing strategy they will also be successful or remain a dinosaur.
Thanks Metalbasher, and thanks for your previous posts.
https://www.youtube.com/watch?v=LldcjNLVFcc&ab_channel=CannabisEuropa
Video is over 7 hours long.
Roby speaks from 6hrs mark onwards.
https://bermele.com/app/uploads/2021/06/Juniper-Prospectus-Locked.pdf
Aberdeenman
There are currently 222m shares, and suspension price was around 0.75p? Giving a current suspended market cap of £1.67m.
We don’t know what the placing price was although it has been oversubscribed, and it was to raise £3m by way of 30m new shares. The Times article 2nd June 2021 highlighted around 10p per share which equates correctly to the placing.
How are you then working out a consolidation of 10:1 (has this been indicated anywhere?) based on 222m old shares plus 30m new shares and coming to a price of 1p on relist?
thank you.
RNS Number : 6470D
Bermele PLC
30 June 2021
For Immediate Release 30 June 2021
Bermele Plc
("Bermele" or "the Company")
Proposed Acquisition of East Imperial Pte. Ltd.
Proposed Re-Admission of the Enlarged Share Capital to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's main market for listed securities
Conditional fundraise of £3 million
Proposed Change of Name to East Imperial PLC
Notice of General Meeting
Bermele Plc is pleased to announce a number of proposals, including the acquisition of East Imperial Pte. Ltd. ("East Imperial") and the intention for the Company's shares to be Re-Admitted with Enlarged Share Capital to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's main market for listed securities, all of which are subject to shareholder approval at a General Meeting.
Chriszzr
Excellent post and thanks for sharing.
Neilin to correct your post.
Antos held 1966244949 prior as Bould. After consolidation of 500-1, the holding changed to 3932489. Given there were
253,447,788 new shares under Cizzle, that would give AG a new holding of 1.55% (without warrant conversion). There would therefore be no need for declaration as it falls below the new 3% threshold.
I would expect you will do the calculations yourself and confirm that what is said here is correct?
I thought it correct to post this, so as to prevent mass confusion and worries etc.
Thanks.
All current work paid for(£1m). Plus up to £5m paid in royalties and further royalties on use of the companion drug. This is the kind of exposure CIZ is going to get and this today marks the confidence in them. Well done.
Nomlungu
You asked if CIZ are too late? Would a new competitor be too late joining the car industry? would another restaurant be too late as there are others on that High street? I am confident you knew the answer.
If you looked at the sentence you quoted you would see the word 'Market' which means there is more than one. If Market mean't solely one provider than yes CIZ is too late.
I brought up Grail in a phone conversation two years ago with Antos. Yes mate, he was surprised! You might want me to share what he said? I can give you a small clue. CIZ confidently listed on the Main Market, that's it! You will need to work that out. If you want the other half of the answer which will meet your question, you best call GRAIL.
Thanks Chriszzr. I am holding for free and not going to sell, so not really going to post much on here except what is news relevant or if something is worth mentioning. It certainly in good hands despite what we are seeing short term. Just very pleased its now back.
You take care.
Thu, 27th May 2021 08:48
RNS Number : 0244A
Cizzle Biotechnology Holdings PLC
27 May 2021
27 May 2021
Cizzle Biotechnology Holdings Plc
("Cizzle Biotechnology" or the "Company")
Change of Company Name
Cizzle Biotechnology
Link Group
Central Square
10th Floor
29 Wellington Street
Leeds
LS1 4DL
13/05/2021 7:00am
UK Regulatory (RNS & others)
Bermele (LSE:BERM)
Intraday Stock Chart
Thursday 13 May 2021
RNS Number : 4450Y
Bermele PLC
13 May 2021
Just catching up on what has been said on here.
Chriszzr yes was in contact last year, made the effort to have a two hour meeting, but have not had contact recently and to be honest it served no purpose in the end. None of the things, to my knowledge, discussed have been completed. I could be in the wrong and they were right, and there is a part of me I hope they are, but 20 months later, would be like constantly calling tails when its heads but at some point you get it right and then take credit where credit is no longer due. Is it enough to say let bygones be bygones? Not when it has had immense impact on your life, no chance! There is a lot I could say but its history now, and we all move on.
Been reading the posts tonight with interest. Not checked in since the weekend and to be honest I see the frustration and feel it being a holder too. I do not see the benefit of calling for an AGM at this late stage unless there is solid proof that those in trust have done something underhand. They are not about to risk their entire careers, and know very well that having their names attached to anything like that, would be a PR disaster par excellence, when trying to negotiate deals in the future.
Imagine if it was you, and you had a successful career, and were dealing at a top level, and then your name is constantly connected to being in a poster’s opinion a lazy bone idle bum who is a freeloader and cares nothing for the shareholders. Imagine potential business people who you are dealing with reading that? Once is one too many, but if it comes up over and over, the potential of doing business diminishes quickly. You have been tainted and puts doubt in potential business peoples mind, and it will be an effort to get that cleared up. The only way would be to deal with those posters. So Neilin is correct – be careful what you say, even me, at this late stage no matter how much it hurts. When you deal in millions you want to make sure all bases are covered and the people you deal with are checked and checked again to make sure they are fit for the job.
So soon we will know who the joker in the pack was, directors? Other side? Or as usual the paper mad, pen pushing, jobworthys in the middle?
I decline with respect to all.
They will correct it. Have made them aware.