Member Info for DanBrown83

Its your choice
but the Rights Issue is closed - read the RNS
The Record Date for entitlement under the Rights Issue was close of business on 22 May 2020.
If you bought after this date you won't get the extra shares

I assume this is Andrew Frangos
It's a BVI company so i cant check but i did say i wondered why he would be selling (ex chairman etc) - but transferring to BVI makes more sense

Andrew Frangos was chairman here
He was the one who did the Superdielctrics deal (he is a personal shareholder there)
He has supported the company for the last 6 years and took place in fundraises to hep the company
He will know more than the average PI in terms of ADME assets , progress
He was (is) on good terms with ADME which makes his sale different (one would have actually expected him to take part in any placing) not reduce his holding

more shares in the short term - priced again at 2.4p
company doing everything here at this price for now at least
at least we know the placing done had enough to manage £125k in the short term

nothing much else from what was noted

had 2.9m shares
now 1.7m shares
big drop from a backer who is heavily involved

why are they selling??

its likely just an admin error at Peel Hunt LLP - it is possible to have staff furloughed or working from home where it was missed in relation to notifying - both were done same day but got lodged few hours apart - probably lodged at same time
both were late though but under COVID19 i can't see it been a real issue
I am waiting to see if Stefan registers one

i keep telling myself that - reality says we needed cash to progress but a big hit
but its another mini step forward in the overall state of play
and back to sleep

always an issue
Oil Market Low - some potential bargains but they are harder to fund
Oil Market High - few bargains but access to funds easier

1st rule of investing is buy cheap

cheers - kind of weird they have kicked peel off but i suppose will feel more comfortable with a new MM leading the book
I wonder if we will get a TR1 on Stefan's holding?
2.5m shares is over 3% so he has to disclose unless he has sold some to get under threshold since been issued - my thoughts are he is using Cantor Fitzgerald to dispose - hence there change in position

who is the MM leading the book?

it would be good (i must be hungry lol)

it would be food to see an updated notice from Peel to see their current holding
Remember that they purchase shares when a PI sells and vice versa
they always make a small margin in every transaction which slightly lowers there average - even when the SP stays the same - its big movements where Peel make the money and they do really control the price - they can raise the SP very quickly if there is a bit of demand (and it will benefit them to do so)

volume is huge today and last couple of days
a lot of decent 100k round trades (buys and sells)
this dropped quite quick on minimal volume during March and Covid19 drop

i have sold most my shares cause (i am post COVID19) buying a new house - my house has sold subject to Valuation (delayed to COViD19) and i have my Mortgage Offer on new house all sorted - we should have actually moved 18th April (that was the target date) but until then i have only a few shares (KEFI / GGP) and they are at reduced holdings (wish i had retained more in GGP tbh) and not really enough in value to be overly concerned about but now have a 6 figure sum sat in my current account (i'm not risking my deposit in this type of market)
I will start looking more at other shares when my house is sorted (and work) as while not furloughed, my work volume has decreased significantly

I have always stated where i stand on ADME - and the people who really had a go at me are no where to be seen on this share - i was the first person to say that just because there was some royalty involved it is no guarantee of success and that the AJE field (still lacking in an update on expansion) was worth only a few million at best and this is the only real asset of value (i seen it go from 1.6p (16p in consolidated) to 48p (consolidated) and i kept the same belief
Now we are at the dizzy heights of 2.7p (0.27p pre consolidation) i feel justified but it is really the only share that i have an interest (and its personal not financial) in - while i keep up to date on KEFI / GGP - they are more long term punts (Kefi Gold mine is going to be hopefully entering production in next year or two(it has a seriously low MCAP for potential and had the funding sorted) and GGP has newcrest drilling on their land and hopefully this will lead to them acquiring GGP at a good profit for shareholders - but there is going to be minimal to report on either for a good few months

There is a big difference between a small PI like me stating an expectation to the Company Broker saying it to a PI on the phone - the Company Broker has potential knowledge that could be used for the purpose of any manipulation - me - i have no connection to any insider knowledge and my comments are from my brain reading evidence i can locate
Brent Crude is up above $30 (from $17 couple of weeks ago thats a large increase) and i do believe that oil will get past $40 in the medium term

Unfortunately - no BROKER / ANYBODY can say that to you unless they are aware of some Market Manipulation thats going to happen - then that really needs to be investigated

quite a lot of round purchases and a then a large round sale
Similar in style to last week pre-announcement of the placing
maybe another placing for the deposit? albeit the RNS said this had been delayed

One would assume it is for an old debt that was within the 6.5m new shares announced with Stefan
Stefan got 2.5m
Align got 3.5m
another 500k to other parties

i have seen ALIGN research reports on a number of AIM STOCKS - its basically an independent (cough) report on how good a companies prospects are - MAYAN used to use them a lot (now private under new name)
There research reports are really requested to be produced to ramp a share (usually pre-equity raise) - to reduce the cost - but a report does come at a cost and last report was 2008
http://www.alignresearch.co.uk/cpt-company/mx-oil/

hes not listed on website in Management Team / BOD?
maybe Altair Medical Limited will be the RTO
It points to them - he is on the BOD and they have just in March amended the share structure (which would make an RTO easier)
https://www.sciadnewswire.com/news/552/altair-medical-awarded-fda-breakthrough-device-designation-address-global-opioid-crisis