Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Maybe it was always in Italy
https://www.ansamed.info/ansamed/en/news/nations/italy/2019/03/05/italian-team-makes-big-breast-cancer-discovery_8371283b-fd44-4d13-b7c1-8b2faa757a16.html
No s******ing at the back about the reference to size in that headline!! :-)
I'm not sure the product was ready for market was it? Again from memory, development was moved to Italy, a university I recall, to continue and finalise it.
The OTC pink price still seems stuck at 42 cents but that's for an ADR I think so 21c per share. Not 42p.
I hope I'm wrong.
From memory there was initially 1 Accustem for each Tils but then a few million were added on to Accustem. Again from memory something like 210m shares in total. I've no idea where I read it, probably here or an RNS.
Might seem it but I doubt it is. Having to get at least 3 if not more, similar approvals but to different sets of regulations, in the medical field - I wouldn't imagine is a quick or easy task.
Oh good, thanks. My memory isn't so good as yours LOL
Where did the £200m come from? Wishful thinking on someone's part or documented?
The shares already exist and there are about 200m of them, give or take.
Yes, they absolutely do!! Someone quoted from an RNS below that monetisation starts in Nov but the was presumably on the "old" timeline before they decided NASDAQ etc - though I suppose there's no reason why dithering and change on the shares side should have impacted progress on the product.
An update of where we are and where we are headed (and when!) would be most welcome.
Yep, agree with Buebelly.
And the prices you see quoted are def for an ADR not a share (look up TILS and the ADR TLSA for comparison)
Regarding this IPO everyone keeps bringing up.
IPO is Initial Public Offering where new shares in a company are offered for sale on a stock exchange. An opening value is arrived at in advance by an established process then the shares go on sale and find their price using market forces.
In our case the shares already exist and are already in ownership. I suppose they could go through a valuation process for the sake of having an opening price for trading.
The company is going to need a cash injection to keep running and go forward which will likely come from a new shares issue either at listing time or shortly afterwards. This will effectively devalue our holding - but if that is from £10 to £5 I wouldn't mind, but (and I hope I'm proved wrong) I wouldn't be holding my breath for anything more than about 50p. I'd be quite happy with that.
I'm still not sure how we reach the entry requirements for the main NASDAQ markets and I wonder if we may stay on OTC markets(not pink sheets) for a while, which itself brings potential risks of liquidity. tehre are some big companies still on PTC markets. See https://stockmarketmba.com/listofusotcstocks.php
Accustem is a UK registered company and it's shares are issued in the UK (albeit not traded here) so are we not thereby governed by UK law and regulation etc? I'd like to think there is someone on our side!!!
IPO - eek - you mean them issuing more shares, ones which we'll have to pay for (or someone else buys but dilutes our value)?? :-)
They will undoubtedly need to raise cash somehow so a dilution is almost inevitable in some form, IMO. They were "given" money (was it £1m?) by TILS to tide them over but that won't keep them going long.
Hard to know if it will be an earner or a money pit in the medium term.
I think I'll be cashing out early days anyway, thanks to my ISA provider, which will save me a decision.
A view of dates and actions ahead would be absolutely most welcome, if that can be engineered somehow :-)
Not that I'm really in any rush as I won't be able to trade them anyway on Willis Owen - but I am going to ask them, now the shares are on the account, what the "next steps" are.
I However if there is one party who I am guessing isn't in the wrong, it's CREST, as they seem to have done their bit allocating the shares to the providers, which I suspect wasn't a hand job, but it's the providers who are failing to put them onto peoples accounts in a timely manner for whatever reason. Maybe I'm wrong though.
Thanks BMo3
I'm not ungrateful for Starknight's post but I understood that most people were now seeing the shares on their account even if they can't trade them, so I suspect that the distribution is complete.
I know I had concerns over being about the only person in the world with a Willis Owen ISA, and I have a long-standing (about 4 months) formal complaint with them over them not being able to tell me how they will deal with them once they appear and are tradeable - but the shares (rather unexpectedly) popped up on my account at the start of this week, and I understood many others had too.
So I suspect this is more a problem with your providers then the CREST system.
What exactly is the complaint and what outcome would you expect?
Not really sure that there is enough data to go on to assert this. Volumes haven't been above about 300 - 400k IIRC out of 200m shares. The price is slowly edging back up but tbh there must be so few tradeable that it's just the same ones shuffling around.
I'd like it if you are right though! :-)
Even mine showed up today, with a price (Willis Owen). I can apparently place a Sell at Best but couldn't trade live. In actual fact I don't think it would work if I tried it, but I'm not going to anyway.
Selling price briefly touched 160 but dropped back a fraction for close.
I wonder how it'll look after UT? And whether a large after hours buy will be printed as that could have been what has been sustaining the SP?