Member Info for Del44

Even more now....over 11 million. I am guessing that there are investors who are good/ok with a company going private....It is not something I have ever held, so it was a bit of a shock when I heard it was happening... However after much thought and consideration...I am a lot more comfortable with the thoughts of holding shares in a private company....would prefare if I know there would be management changes...however I accept the current position doesn't allow for it at THIS PRESENT TIME. Back in November 2011 I bought in on day one, when the company went from private to public @ 95.5p because I believe 100% in the product along with its market potential...Today, as it now stands on the brink of returning to a private company...I still believe 100% in the product and it is hugely down the line then back then.... So I decided to decline the cps offer and buy in the market instead........got 1 million early this morning after much thought. I must admit that it felt more like a gamble bet ...then an investment stake order...:-) Anyway.....thats me done and dusted.....cant even figure if the vote yes would be good or bad as JL can testify to as well as myself...each time we buy the sp falls...LOL... Good luck all.....

Considering the hammering he has taken with the big companies...his losses presently are around £12M here so far before he puts in another £4M.....small stuff really. No wonder he knows probably nothing about SPHR....

http://www.telegraph.co.uk/business/2017/09/06/neil-woodford-right-criticised-sorry/

JL.....is he talking specially to SPHR shareholders or investors in his fund?

Morning all. They may continue to supply any hospitals already using Proxima...and use the data gathered. But I suspect the direct sales team will be no more. I think the selling and collapse in spite has been the vote....we will know tomorrow around 12 midday. Tim from advfn is attending if I remember..

Very similar view here.......although the document does lean towards changes....I cant convince myself that it will be a clear out. No point if no changes.......

***Selling goes on an on in sizeable lumps. I have to say I'm surprised the price is going this low.*** I am actually surprised you are surprised CC....:-) My reading would be that after the initial 85% fall many were buying expecting a bounce...a short trade..but it never happened...so they are reducing losses just in case.... I haven't bought any more but still watching...

Coming near the end now as a public quoted company. Wales did well last night JL...

Well JL...I have gone from shock to acceptance...to will I buy in the market? Will I buy the CPS? To...I really cant be bothered with it anymore..... I will continue to monitor the situation for the remainder of time that it stays on the AIM. The longer I look at this car crash...the more I feel non committal....Not sure how much I trust the concert party to be honest... I have been calculating around 750 Million more shares in issue over the next few years.... I think a yes vote this Friday could be a positive and paradoxically cause a further sell off, as it becomes clear there is not much upward movement from here....

I still wonder where all those share are going? I know they are mostly sells....but the mm on the bid is getting loads below 1p...millions.....Someone has to be getting them eventually....

Fair play JL.......

???? Really?

May be the sales in to Europe forcasts are not good in the current form. If you think about it...if they had sales....why curtail them? Looking to the USA seems to be the focus.

***Having undertaken market soundings with existing shareholders and potential new investors, interest exists from a number of parties in participating in an equity fundraising, the details of which are being discussed.*** From the rns finance update a little while back... Very cautious in their wording...so that they (The board) can not be accused of an untruth to the market.... Interest did exist from a number of existing parties..(Woodford/Wales) in an equity fund raising......We know who they are.. Potential new investors.........unless they appear in tranche 2 funding...can't see any..... But if you read that rns and compare it with the cancellation rns......it looks like it is about different companies.... Shameful really!!

Just to clarify....there is only £5M for sure...the other £3M is in tranche 2 fund raising......just not quite sure how much of that will be subscriber for...when the market is offering large chunks of shares at less then .070p presently... Regarding the point he makes about the whitewash.......I saw that when the documented was released and considered the possibility of an offer after the passing of resolutions. As was said...it is an outright gamble.....

From my reading of the document....the whole strategy of the company is changing. Sales are been halted and sales teams are been scaled right back. No exhibitions as it did not produce the desired results/sales. It failed or the product in its current form failed. Or the market was not ready. Take your pick. The funds been raised are not for anything other then further product development....to meet a more rigorous and hopefully rewarding market....namely the USA. Direct sales was a non starter but all that was realistic left after the pull out of Ortho. That is the way I see JL. Get the product sorted out and then get a proper distribution deal sorted.

No update expected from me. Woodford and Co just need to hear resolutions all passed. 4 days later they lodge £5M with sphr for CPS@ 2.82p. They need no update...in fact I would imagine ANY potential good news would not now be fortcoming. No reason. Unless they have ear marked a particular investor (s) for tranche 2....they would anticipate no real uptake. That looks to be the structure of it. Sales have been scaled right back it would seem.

No update expected from me. Woodford and Co just need to hear resolutions all passed. 4 days later they lodge £5M with sphr for CPS@ 2.82p. They need no update...in fact I would imagine ANY potential good news would not now be fortcoming. No reason. Unless they have ear marked a particular investor (s) for tranche 2....they would anticipate no real uptake. That looks to be the structure of it. Sales have been scaled right back it would seem.

I don't see another £20M been spent here JL. May be to get it to FDA approval....a guess... £10M in private. Hence the warrants issue. Bets are if all going to plan...then warrants will be exercised @ 2.82p. That would see it home. That is the bet...in my view. If they exercise by October next year...then the future will be bright...

Now selling for....0.065p The mms are still happy to give that for a soon to be delist education share. I wonder if Ortho have sold out or are selling out. A few big trades just gone through.