Member Info for dan1nat1

Highlights:
· Oil discovery at Colter South - a significant milestone
· Side-track planned to test principal Colter target
· Reabold increasing investment in Corallian

Why did JD pay 75p a share last week?

What will happen to the share price when the free float dries up to next to nothing?

Mani,

If the original trial had gone to plan, we would probably be in production now. The SP would in all liklyhood be £10+ and we wouldn’t need to be talking about a partner to get Clevegen to full trial...but had that been the case you would not be holding now with an average of less than £1.

As you say we are where we are, and given that I feel a partnership is the best forward.

The tone of the interview is upbeat, and imo it won’t be long until at least one partner is announced. At that point the sp is likely to £1+.

Just a little reminder of last weeks trades -

8,390,884 @ 75p
2,512,202 @ 70p
8,676,878 @ 50p
2,720,000 @ ? *Not seen as a trade but has to have happened to get JD to there current 21.34%.

Good luck with your purchase Nit.

Oh and JD don’t have 29% yet...what will happen to that free float when they do? How will that effect the sp?

Mani,

Would you rather a placing or a partner deal? We know one has to happen at some point, I personally think the market will react better to a partner than a share issue.

As will our free float!

If as you claim to be a shareholder why not point out part of the reason for the loss? You seem more intent on talking the price down than anything else.

When did you watch it?

https://www.proactiveinvestors.co.uk/companies/news/215075/faron-pharma-chief-executive-says-clevegen-results-suggest-it-can-be-a-new-tool-against-cancer-215075.html

This is talking about a Clevegen deal, not the Traumakine partner.

Mark I hope you are right, I’m just not convinced it would be that easy for JD to take over should they choose.

But is the settlement not a single entity?

Haha, great question! I think the phrase in “Booooom time”

Nit, are you aware JD paid 50p, 70p and 75p this week for a big stake? Are you aware how small our float was before they did that? Are you aware they could be looking to take up to a 29.9% stake? Are you aware what that will do to the free float?
If you are please stop kidding yourself that you will be able to buy these at 30p.

No it doesn’t illustrate what you are saying, for a start the JW settlement hold 34%+ do you think it was set up this way for a reason? Second if you don’t think the family we vote as a group I think you are wrong, so imo they have 60%+ as one vote.
If JD want to takeover they need to convince them to sell, not saying they cannot but I don’t expect it will be anywhere near these prices.
The interesting time will be if JD get to 29.9% the free float will be tiny, then we could really see the SP move on minimal buying!

I suggest you have a look at this -

https://investors.footasylum.com/investor-relations/aim-rule-26

30% means they would have to make an offer, it doesn’t mean they have control especially when someone else has 60%+.

“If you have 30% you have control or voting rights”

Would that not be 50.1%?

“If JD can buy the stock which they can they can take control”

Only if the board/family decide to sell, they (the family) currently hold 60%+ of the shares in issue.

If they had been from the free float imo we would have seen the trades, the real re-rate starts when the free float starts getting smaller.

I mean for the sales not JD’s purchase.

Great interview!

Confirmation they will not be coming to the market for more money is fantastic news, and should put a few minds at ease. Sounds to me like these partner talks are getting to an advanced stage.

https://www.proactiveinvestors.co.uk/companies/news/215075/faron-pharma-chief-executive-says-clevegen-results-suggest-it-can-be-a-new-tool-against-cancer-215075.html