Member Info for CTSFO

I couldn’t agree more. It’s like being given a lottery ticket that you know will definitely win, just not when. I’m so used to getting burnt on AIM, I keep wondering “what am I missing?” Obviously nothing, it’s just doing what a well run, forward thinking, and trustworthy company and BoD should be doing.

GLA

Someone has to sell so we can buy.

I’m wondering if there’s been a problem with the R&D tax return from Aus Gov? Did CPX extend the date for audit accounts expecting the refund to allow the auditor to sign off the going concern part of the accounts?

Whatever the reason, the company is now adequately funded for the medium term. The placing shares were not priced at the discount seen last time.

Darkest before the dawn? Schurter and Dr C wouldn’t waste money on needlessly supporting a failing company.

Good luck everyone.

Please don’t take this as teaching people to suck eggs. CPX had a placing this past week. 3.0 billion shares at 0.13p at close of play, and RNS at 16:30, showing approx 2.0 billion shares being placed at 0.11p - split into two 1.0 billion tranches. Other shares being offered to existing shareholders at 0.11p as well.

MMs opened the sp at 0.11p, with 1.0 billion extra shares listed, (approximately 4.0 billion new total), at 0.11p approx 11% down on the close the previous day. Trading during the day was interesting. Initial buys, % loss reduced, then red % loss increased beyond 11%. At one stage no loss at all on the day before. Closed 3% down. No other news given in the RNS.

This was a significantly higher % dilution than PPP faced. Very difficult to anticipate how ‘the market’ will respond to the removal of suspension. Certainly there are people determined to buy, some determined to sell.

The overall sentiment will be determined by the updates from the CEO and new Chairman that must accompany the audited accounts. Other news / RNS re drilling will also be important. Will the US election next week also influence us?

Personally I think day one of trading is going to be turbulent. Too many variables to call what the sp will open at.

Medium to long term, if we’ve been told the truth, the sp will rocket.

I agree DL moving on is good news, it’s going to be interesting to see if any more information is given about this.

Above all else, good luck everyone with your investments.

LENIGRAS… STEP AWAY FROM THE PIES. DO IT NOW.

Running a company? He’s never run anywhere…

https://www.independent.co.uk/news/business/news/david-lenigas-leaves-boards-of-all-his-aim-companies-a6782451.html

Newuncle: can I have a question on science for a green wedge instead please?

My take and honestly held opinion:

Tom’s been working has knackers off in the US, Dave possibly could have done more re the tragic death and accounts. The new Director gets it sorted in a month. Just a thought: has teddy been thrown out of cot? Tom needs someone who can actually help.

Worth a read:

https://en.wikipedia.org/wiki/David_Lenigas

Tree shake?

Did the RNS shake out the short term traders just looking for a quick buck from AurTex news? Thankfully a small number, and shows how tightly held these shares are. Unfortunately it also shows how radar resistant this company is. I’m topping up on the 21st!

GLA, I hope everyone has a great weekend.

🍿🍿🍿

More Blue than I expected.

Really didn’t think there would be a buying spree on yesterday’s news. Odd.

Lars better be flying economy from Aus to come to the AGM.

I emailed the co today. The monies have been received from the placings. Surprised it wasn’t RNSd.

The company is getting £2,500,000. Not great re dilution. But it definitely means it’s not facing administration. How much vodka have you had comrade?

“ Cooley is buying 240k worth” it’s going to be interesting to see how many Dr Cooley buys. I’ve been expecting a TR-1 showing he’d bought more before now. If he knew this placing was a probability, it makes sense for him to buy now. We shall see.

“ Nothing changed here for me and we knew there needed cash, perhaps not this low.”

This pretty much explains my anger. They could have raised back at 0.3 - 0.4 territory. Why wait till now?

Fair question.

At least some Directors are putting their money where their mouth is. I’m not looking at this with rose tinted glasses. I’m fecking livid. But £250,000 Is significantly more than the £35,000 Lars put in during the last placing. Fingers crossed and all that.

“ In addition to the Placing, certain Directors of the Company (the "Participating Directors") have confirmed their intention to subscribe for 227,272,700 new Ordinary Shares (the "Subscription Shares") at the Issue Price to raise a further £250,000 (before expenses) for the Company (the "Subscription").”

The only bit of good news:

“ By partnering together, CAP-XX and SCHURTER aim to jointly develop innovative, competitive products and new application-specific solutions for the industrial market. SCHURTER owns approximately 4.56 per cent. of the Existing Ordinary Shares of the Company and has indicated its intention to contribute to the Placing in order to maintain this percentage shareholding in the Company following the Placing and the Subscription.”