Member Info for deepjoy

North... People are putting out all sorts of fanciful future valuations on the group and, in my veiw overstating the profit margins on the anti body testing. The bottom line here is that we do not have clarity on the revenue model outlined and what the costs of sales will be? For example is the revenue be routed to Orph through third parties with thereafter minimal cost of sales to Orph on the top line or is the revenue all to be divided from the Orph balance sheet. This is an unknown but it didnt stop people talking just this aspect of the business to sky high valuations earlier this week. The SP was hyped and pumped to high heaven but now it is settling thankfully. IHO of course.

dreadful spelling sorry my phone aint the best method but I am sure you get the gist

For what it is worth, my take on this movement is two themes. First people are tring to second guess the intentions of those who paricipated in the raise, without regard to the fact that only 4.5m were allocated to retail over both tranches. Institutions are included to flip given that invesco would have alreayd done so surely on the back of the past months SP movements. My second point is the fact that throughout the month of May this share has been trading onn a very high RSI consistenly and needed to cool off. It is for that reason that I sold my holdings earlier this week and, it is for the same reason (RSI dropping) I started to add again just now...Yes the SP may retrace but I wouldn't bet my house on that. If it does I'll buy more but my take on the movements in SP was it was overcooked on the news todate and I dont trade but even I saw this retrace coming. GLA

2020-05-27 13:17:47 11.00 141,818 Sell £15,599.98

I knew you would Andino :)

Scored - the cash burn was no doubt to reduce head cut and make redundacies in dual management posts.. He said as much in February when talking about the last raise ...I am happy with the figures as reducing costs; costs money short term...

very very bullish and explains the reason for the raise price very well... I wont paraphrase just worth a listen

podcast out on Orpth just now

The other point I would make that if PI's have recieved notification that they secured allocation this morning in the placing a far few may then sell their initial holding now and then run their placing shares...? Certainly some large sells still coming through

yes but the overhead from PI's is negligible given the recent volume and II's are sticky hands looking for far bigger returns than circa 30% . I am now reassured although more than a little p£%sed off this morning :)

Hvivo- That is correct although it took me all morning to work that out....:)

Rudey .. Thanks I get it now thankfully :)

sogamla... the inclusion of the words "(amongst other things)" in the latest RNS leads me to beleive that it is far from certain that a second tranche will take place..This leaves us in a real state of limbo until this point is cleared up and needs to be addressed soon (and well before 12th June). Cathal must know it will drag on the SP so either he has a potential capital need he has yet to announce to the market (such as an aquisistion or something) but eother way he needs to clarify the use of this second tranche to get approval at the AGM... clear as mud I think

over subscribed and new blue chip Institutional investors on board...

that is a $64000 question for sure :)

Andino... Agree I have slowly come around to that conclusion myself, he and brokers would have been gauging the appetite among Insititional investors the past week or so. hopefully he will getto explain his rationale soon also.

exacly what just asked Mark :)

Anyone clear something up for me...? We know the first placing will get away easily at 11p today but the second tranche needs approval of shareholders at AGM. So, what I cant fathom out is whether the second tranche issue is at the same price 11p (anchoring the SP ) or at a revised one to be determined at the time. I've read the terms twice now and cant fathom it out..

weather.. the placing shares cannot be placed in an ISA share account for reason of Tax purposes. Read the primary bid terms and conditions and it explicitly states that shares can only be placed in ordinary share accounts... One reason I bought on open market on the drop...

researcher - i think that was a big mistake....people like me hoovering up shares here . I've doubled my holding and i am as cheesed off as everyone else...