Member Info for DD77

I’m amazed they were able to raise such a significant sum at only a marginal discount in the current market. It does suggest there is some life in the old dog yet. Not so lucky for those who took up the warrant option, unless they flipped them. Still not one for me to invest in again but I’m a curious bystander given I’ve sunk plenty in here previously

Don’t think so route-1. It’s always been a risk that exists and occasionally plays out. However, it’s arguably a greater risk now that Uk markets are such a tough market to raise capital on. I think it’ll will be remedied eventually

Fred - see 10.01 trade. It’s showing as a sell but it’s my buy. The difference to the £2k is commission from Halifax and stamp duty.

I just bought £2k at 21p. I'm banking on the softness in the SP being because it's close to the end of the tax year.

Probably because news which materially affects the company has to be notified to the market without delay. It’s a legal requirement, to prevent insider trading etc.

I presume the FY results are not quite ready yet, or more likely John will add some meat to the bones of the situation when he releases that and hopefully allays fears

AJP - I also expect a compromise to be reached.

Just my view, but this is a stand off situation, but because it's material to ITX, they have to release an RNS notifying shareholders.

The cost of reformulation and testing of that will be a real issue for the detergent manufacturer. The big boys frequently try and squeeze their supply chain and sometimes they bite back. I see that as this sort of situation and expect a resolution as it would be beneficial to both sides. Ultimately though we should end up with better terms and it draws a line in the sand and a warning to others that ITX doesn't do business for nothing.

Time will tell if my hypothesis is right but my gut instinct is it is

I don’t think it entirely solves the funding issue but this is a huge vote of confidence in PXS. DSM know the company better than anyone and whilst I’m sure PXS leveraged the fact that the stock was of little value to DSM, it’s still a great result for shareholders.

Also very good news that the Irish setup is complete

C4XD is going private, not over the pond. As a long term investor, significantly underwater, I am extremely unhappy and took a painful loss earlier

The only reason I can think they wouldn't want to get information out there is if they're subject to NDAs. But that doesn't prevent them providing more generalised guidance

If you really need to ask that question, then I suggest you amend your username

Sold out for 8.55p. A bit better than expected, but a painful one given my average was 24p. £ thousands more p!ssed away. Not a good day

Exactly JCEP. Opening price of 7.5p

I agree, this is an absolute sickener. I’m heavily invested here and already underwater. This will tank today. I feel sick

It did indeed for me, I was waiting for the buys to drop into the 21p range. That’s my £3k top up

As I said earlier, the reality is the finance position hasn't really changed - the fund raise replaces the loan at similar price. I expect the SP will settle back to around 2.20 until clarity is given on the pathway forward

The price will drop, because it's not the news people were hoping/expecting but from a financial position, the reality is it's not much different. The raise replaces the loan at a broadly similar price. Any significant drop is an overreaction.

However, clarity is required from Allan on general development updates

I could foresee Cotec buying all of MKA in future. I'm sure William doesn't want that at the current valuation, hence his personal contribution. They need to see it through to MDA and commissioning of the recycling plants, then it will be in a more favourable position for negotiation

All smoke and mirrors. A lot of financial ingenuity there to polish this turd. Don’t be blinded by the reality

No surprise the MSM pump out the usual propaganda. Almost as if they’re incentivised to promote this!

SP softness is likely because of the ridiculous claim that Wizz would recommence flights to Israel this month and question marks now arising over whether it will hit year end profit target. I’m not optimistic but I also think they’ll be well placed for a better 24 which should drive the SP higher