Member Info for Ctw2014

It makes sense, to me at least, on the basis that the seller is selling in a managed and controlled way (into a market which includes an institutional buyer) designed to avoid significant damage to the SP at an important juncture. Sounds like LOG to me. Let’s not forget that have another £10m convertible on an unsecured basis at 19p.

And lo and behold we have buys at 19.69 and 19.70

And I wouldn’t rule out log forward selling the £10m convertible at 8p assuming that’s lawful. I have certainly seen such forward selling elsewhere.

I don’t think that looking at total sells post RNS gives you a reliable indication that LOG are done. Of course they may be now, but we don’t know when or if that point has arrived. Certain posters seem to swing between negative and positive interpretations of the same known facts and the same uncertainties, for reasons the rest of us can only speculate about (maybe or maybe not the reasons given). I may be right, I may be wrong. Others state opinion as fact when they cannot possibly know. Just saying. For what it’s worth, I think the best indication that LOG are done for now will be when the price starts moving up showing the overhang is gone. Of course it’s possible that other IIs are selling, but I personally doubt it, and cannot see how it is in the interests of shareholders to speculate about such a possibility when there is no evidence of it and it runs counter to logic, given the fundamentals.

Until someone can produce a tally (nigh on impossible) it is impossible to say that LOG are out. I think I am correct in saying that they do not have to declare after crossing below 3% as per their last TR1 (?)and if I am right about that, the most plausible explanation is that LOG are still the sellers. With the right to convert £10m at 8p why would they not sell at this price? Furthermore, with the fundamentals stronger than ever why would other IIs sell at this price. LOG have a sensible motive to sell (get money bracket to bond holders and/or raise cash to convert, others don’t. All just my opinion but no doubt someone will tell me it’s *******s!

During the BW Business News interview last month (on YouTube) Keith said that he thought the CEZ due diligence would be completed in September so, if he is right, we could be in for some big news soon.

Still seems like the sp is being held back to allow a big buyer to mop up cheap shares. Been like that for a long while.

Hi Troy
On the issue of low viral load samples, the last Hardman research report stated: ‘The protocol has now been revised to include samples more reflective of the real world situation’ so I assume availability will now be less of an issue.

Cheers Aligator. I suspect the main mistake we have both made is staying in AIM instead of cashing out a couple of years ago, as I know some have, but that would have required a better crystal ball than I possess. It’s too late for that now (for me at least) and I am hopeful that my now more focussed portfolio (having taken the risky route of averaging down into fewer but larger holdings) may yet recover and even, eventually, make me some profit again. It’s quite shocking when you look around at how the sp of so many companies has dropped through the floor despite apparently decent prospects. I can also think of a few that have self destructed through gross mismanagement and taken a lot of decent folks money with them. In addition, I think the rise in the popularity of crypto currencies did us no favours. That, in my view, has drained a lot of money out of the AIM market as investors/traders with a higher risk appetite moved money into those, thus reducing available cash/liquidity in the AIM market, whilst at the same time the more risk averse have moved money into less volatile investments. It’s the reduction of cash/liquidity in the AIM market, in my view, which exacerbates all of its worst features (although I have no stats to back up the theory) plus of course poor sentiment and nervousness. Once, hopefully, rising share price charts become a bit more commonplace in AIM, and calamitous drops less common, sentiment and cash may return. Just my take, and with apologies to the rest of the board, who are no doubt more interested in reading about IOG! GLA

Great end to the week and, hopefully, the start of much more to come!

With regard to IOG, I think LOG are still selling which is holding us back.

Alligator, my own perspective is that AIM has been brutal for most stocks for the last two years. Sure, there have been big spikes for some along the way, but usually only temporary ones. It has become a market where there is too little liquidity, too many traders, and not enough long term investors . The result is that the available cash washes around chasing the latest ‘hot’ stocks. This is mostly driven by hype and sentiment, rather than genuine fundamentals. This creates the perfect environment for the market makers and exacerbates their tendency to mess around with prices to cause either panic or overblown enthusiasm. Their only motivation is to generate trades so they can make money. The actual price/market cap is irrelevant. I have only been doing this for about 11 years. For the first 9 it was relatively easy and I made money regularly. The last two have been nigh on impossible and all my gains for the previous 9 have gone. You could say I am experiencing my first prolonged ‘bear market’. I have to hope, like you, that this will be temporary, that AIM will recover at least some rationality, and we can have a chance of making money on a level playing field again. Otherwise my somewhat reduced portfolio is stuffed! Rant over and GLA.

Yes, Factom will come good. Just a matter of time imo.

The MMs are a law to themselves Alligator. Say, for example, whoever bought 100k at 19 said ‘I want another 250k but I won’t pay more than 18p..’ What’s to stop the MM’s dropping the sp to trigger some panic sells and enable them to fulfil the order? It’s all down to the state of their order books and what will make them money at the time.

Thing is we know they still had over 2% as at the last Holdings RNS. If they still have some, they also have an incentive to sell, unlike anyone else, for the reasons you mention. I can’t see why we would have ‘loose holders’ at the scale needed to create the volume of sells we have been seeing.

People are talking as if it’s reaction to the RNS that we are down. It’s not, at least not in my opinion. It is simply the result of LOG selling into the good news. Once we have got shot of them the sp will react more rationally to news, all imho.

Anyone keeping tabs on where we are with LOG off loading?

49ft Gas column confirmed at Harvey

Part maybe Goldfields but the rest probably PIs

Another institutional investor mops up 9% at the expense of impatient PIs.