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Matador - my sells were not the regular late trades.That seller has sold more than me and still appears active?
hamcutlet - my OPTI sells total apron 120k shares during the past 5 weeks so probably not a major effect. Need news on recent india visit deals and more clarity on future revenue growth to get share price moving again - looks great for the long term.
Forthewin - you obviously have never dealt with Cumbrians before! Maybe this would be the duplisitous behaviour of some of your southern friends? I have no intention of selling any more at below 20p!
Longtime since I posted but I can explain some of the recent sells. I decided to invest in a property last Sept, knowing that the money would be required by mid March this year. At that time I believed that we would see positive news flow to get jus back into the 20's by then. Sadly this has not happened and i have been a ''forced seller'' of approx 800,000 shares during the past 5 weeks. All of these sold at a loss as my average is 12.5p with the vast majority bought in Novemeber 2017 after Lorne's ultra bullish comments. Only managed to top slice a few at 28p but bought them all back at 19p!! I have also sold a large quantity of OPTI which I also consider to be undervalued. I also hold a significant quantity of Portage (via SALV) and have been a tad frustrated at not being able to trade any yet. May be a blessing in disguise if Intensity does get taken out later this year at approx $500 million (seems more likely than an IPO). I had hoped for a LEAP sale or the completion of the Factom series B.This failure to secure a series B is frustrating and also a tad worrying. Remember that our 6 million will only be valued at whatever the series B strike price is (+25% discounted). I fully expected them to raise $50 million before the end of November so hard to say what is going on. For us it would have been better to have the raise at a lower value and then gain significantly on future fund raise valuation or IPO. biggest disappointment for me so far. Emmac is s great investment worth probably 5/6p on IPO and should grow thereafter - had hoped for a larger stake there. Intensity stake could be worth max of $10million so could add 6p max and certainly will not ''double our market cap''as some have suggested. Anyway the good news is that i have now finished selling (last 50k this morning) so less of a drag on the price. Still have 3.05 million shares so very committed and more than 50% of my portfolio (Portage is 25%). Good luck all
Just spoken to H-L and they are not able to trade Portage, as not in Crest. They are in the process of setting a third party dealing situation and will advise when this has been completed. Not clear on timescale but sounded like it could take a while. Lets hope for some positive Intensity news in the meantime!
Actually been a great day on SALV. Finished at 17p BUT holders(as at close of play yesterday) entitled now to 18 Portage shares for every SALV which at current bid of $0.09 values those shares at GBP1.38 plus the salvo 17p so approx GBP1.55 up from 73p yesterday! Provided Portage hold the current price its been a money doubling day!!
Decided to make the trip down from Cumbria to attend as this represents 50% of my portfolio and would like the chance to ask a few questions - hoping it will be Lorne but he is not specifically mentioned as attending. Anybody else going?
Seems a complicated way of ''paying out'' the excess cash? Maybe the best way would be to tender all our shares at 2.50, take the money and re buy in the market afterwards? If the strike price is lower we could potential lose out, so think I will just sit and watch this unfold.Strange one but hopefully good long term potential