Member Info for Dingodog1

Afternoon all.

Looking good ahead of tomorrow. I note MSYS is climbing too. An association link? Or something to be announced that will benefit us both? Not much is being said on their board, it just seems odd that they are seeing a rise too.

PD and BT, as far as i am aware, dont have anything to do with MSYS...

It all seems to be coming together. I know GB has stated that the UK market isnt our focus, but if Hancok can throw £30m at his neighbours company for test tubs then surely he can do the same for an underground, AI detection system in every major city. Not sure how much that would cost, but they would surely get a fair few units for £30m! If we won a deal like that i can see the SP multi bagging!

Thanks T.Rat. It certainly looks like PD this week.

PD sounds like a great bit of kit. As i understand we are already retrofitting the units around the world, which means commercial application must be imminent.

One question i do have, can PD detect the quantity of the covid virus, or is it a binary "yes"/"no"?

My thoughts are that if, say, every postcode in the UK (121) had a PD, would it be able to detect a major outbreak in a given city, or would it just confirm the existance of the virus, be it from a single person in Cornwall or thousands in London?

Good point Chesh. I feel the excitement building for Wednesday, with any confirmation that the product(s) work leaving the door open for all manner of possibilities.

I have memories of the now infamous spike back in September (got to about 7p/70p!). I wonder whether we will see anything similar this week. Probably not, as i feel, to an extent, success is expected. Not necessarily priced in though, so who knows....

Long term the business has a great future imo. However, it would be nice to see us get near some of the recent price predictions (80-102p) short term. It will probably take commercial application to stimulate that type of rise.

We all await the update on Wednesday with great anticipation. For me, i think we will get positive news regarding the testing. The recent AVACTA news proves that the covid detection technology works, and we are introducing it into existing products with both the BT (breathaliser) and PD (retrofitting existing units).

I do wonder what effect potential news that BT and PD work will have on the SP. To an extent i think many are expecting this as a minimum. Will the SP rocket with confirmation?

I think we need news on developing commercial deals, either signed or imminent, before we see the rerate that i think we are due. The potential here is massive and i am confident we will see a rerate at some point, i am just not so sure it will happen this week (i really hope i am wrong!). GLA holders!

Earache, you've had a pop at a few people on this board over the past 24 hours, myself being one of them. Any posts i have made have been with the best of intentions, caveated appropriately and in the interest of positive conversations.

You claim to be retired, and perhaps even wealthy. But you do not sound content, nor particularly happy. Your posts are vitriolic and you seem to take pleasure from being critical and negative. You dress it up as being in the interest of all on the board, but i think you take pleasure from trying to belittle people and putting people down. Its not admirable and it is a sign of someone who has very little self esteem.

I could be wrong, and by all means choose to dice up my latest post and repost it in a way to suit your own agendas, but in the end of the day the general opinion on this board (and ORPH) is that you are an unpleasant individual who wishes to cause ill feeling.

Where you feel someone is in the wrong you have not chosen to educate or provide your own positive take, you instead choose to shoot people down. Your preference of quoting or paraphrasing is particularly vindictive as you wish to show people up in public with your own bias and agenda. Quite frankly its pathetic, and i dont think it comes from a place of well meaning, no matter how often you claim it in retrospect with your false apologies.

No one is buying your vigilante, caped crusader, "for the good of the board" act. You wish to be an unpleasant individual and dress it up in a way that you think justifies your actions, or at least you think others will buy into your false sincerity.

Grow up, cheer up, shut up, and most of all, move on

My take on the SPAC is that the company will need to raise significant amounts of cash to buy a company OR issue a load of shares to "give" to the acquired company shareholders. Something needs to be given in exchange for an acquired company, either cash raised by a placing or a "share for share" issue. This will result in dilution for MOGP, i cant see any way around it.

The potential gain here is that the net result is an increase in share price.

An example i can find online is Nikola's SPAC (TESLA rival). A cash shell merged with a business worth billions. The share price "only" 7 bagged, despite a shell immediately becoming worth many many billions (20 or 30 billion!). The growth is SP is brilliant, but it does not reflect the growth in MCAP.

So, imo, the MCAP of MOGP will increase massively upon the takeover, but the SP wont, at least not as much.

It isnt as simple, imo, as the SP mirroring multiple gain in the MCAP.

I dont have much experience with SPACs so i am happy to be corrected

Update:

Per the MOGP website Peterhouse capital are the broker:

http://www.mountfieldgroupplc.com/contact.html

So, there does appear to be a connection, but i haven't seen anything that provides confirmation that MOGP is to become either a cannabis firm or a medical device company.

Jemg, please can you post up any concrete links?

The Peterhouse Capital twitter feed makes reference to a cannabis firm that is looking to float:

https://mobile.twitter.com/peterhousecap?lang=en

However, i haven't seen how this relates to MOGP. Perhaps Jemg could clarify

I havent seen the prospectus, but total assets referes to fixed, intangible and current assets. I dont think all of that was cash. There have been lots of discussions on here in recent weeks regarding the value of cash invested into BTC and i do not believe that £2.7m has been mentioned before.

MODE has a bright future, i think we can all agree with. Good luck all holders :-)

Interesting point Flower. I agree that there are likely to be less buys and sells if BTC is a little flat. We need major swings to stimulate buying and selling.

Hopefully the merchant arm of the business, launching in Q2 (potentially as early as 1st April - 3 weeks), will add additional sizeable revenues, certainly once it takes off.

I am looking forward to the marketing drive in the near future. Who knows what they have planned from that perspective!

Good point extrader, and i agree that £165k is a small percentage of CF's overall wealth.

However, i see the slice of the pie being fairly significant. Buying just shy of 5% of a company isnt done on a whim, especially one that is a cash shell of sorts. I think the investment of £165k was more dictated by the low MCAP, when seeing the % stake as the desired goal. If the company had a mcap of £20m then CF's stake would have cost close to £1m, as opposed to CF still investing £165k but for only 0.8%. For me, i see the % stake as far from a punt, breaching the 3% threshold etc.

Of course, i could be wrong with that assertion, and indeed the monetary investment of £165k could have been the goal, not a desired % holding.

Time will tell the true reasons for the holding, which i still feel is for an ORPH spin off, but whatever the reason is, i dont think CF has bought close to 5% of a business without the expectation that he will do very well out of it.

The UK gov want us to be an attractive country to list in. Making SPAC's more accessible means that private companies looking to go private have a less complicated and restrictive process of listing.

I am not sure of the history of, say, Amazon, but when they were a private company they could have opted to use a SPAC through which to list. If they did, and lets say you held shares in that SPAC originally, then you would be a very very wealthy individual today.

The UK gov want the latest up and coming private tech companies to use SPACs in the UK. We may end up seeing the next big thing list on the LSE via a SPAC. I do think that MOGP will be for one of the ORPH spin offs, but who knows what will become of us. If it were disease in motion then i see a massive future. The mystery box, as we are at present, is very exciting.

We may see a trend of investors taking up small positions in various SPACs for the chance to get a ground floor entry into potentially massive businesses. Lucky dip investing :-)

Looking at the holdings in the company, CF (via investment co) has acquired 83,927,629 shares. If we assume that these were aquired in the latest placing of £0.001975 then that is an investment of £165,757. That is not punt money.

The name change to UK SPAC adds further intrigue given that ORPH are looking to find a home for their spin offs, and therefore i am pretty confident that none of this is a coincidence.

I also dont think CF will have invested £165k, with similar amounts from Chris Potts and Rich Edwards, if imminent value sapping dilution was on the horizon.

I am expecting heavy dilution in order for us to house a spin off from ORPH (if, indeed, this is the intention), but i have a sneaky suspicion that the dilution, combined with acquired assets, will result in an increased SP, and thus net gain to existing shareholders, incl CF.

Dilution is wealth sapping in lifestyle companies where the money raised isnt value accretive. It meerely pays the directors salaries and keeps the company ticking over (ive been in a couple of those over the years!!). However, dilution can be value accretive too, if the funds raised/shares issued are used to acquire something that longer term will be worth more than the original outlay. I see the likely dilution here being of the latter in nature. If we do acquire one of the spin offs i think the SP will actually increase.

All in my opinion, of course, but it is enough for me to take a punt. If we do acquire an ORPH spin off then i will be receiving a heck of a lot more of these in time :-)

We also have the added excitement over SPACs at the moment. Rishi wants us to take full advantage of brexit and bring the UK back into the PLC big leagues with a stock market overhaul. I read somewhere that Apple is worth more than the FTSE100, which is insane. Rishi wants more tech companies to list in London to help bring us forward, and SPACs are a great way for companies to do this. MOGP (or UK SPAC PLC) anyone?

Casinos arent for me earache, although some say AIM is one big casino!

The movement on the SP has been somewhat dull after the small burst this morning. But this has become an exciting share to be holding. A big question mark on a box, almost like deal or no deal! With LSE playing the banker and CF playing Noel Edmonds!

What will happen? No one on this BB knows, but CF does... and we will all find out soon... and hopefully it brings us riches beyond our wildest expectations (but could also be a damp squib!)

I am fairly confident that MOGP wont be "buying" the spin offs, at least not with cash. Shares will be issued in MOGP to be given to ORPH shareholders in exchange for the spin off. This will create dilution in MOGP, but MOGP will immediately be worth £200m+ so the SP wont necessarily crash. Speculative punts in MOGP are based on there being a net gain for the existing shell, so despite any major (and likely inevitable) dilution, the SP still rises.

I expect dilution later (post spin off) to raise cash, whoever will provide the finance.

I for one am not too concerned if a 50 fold dilution from today ends up resulting in a 1p share price. It will mean a gain from today's prices.

I also expect FOMO to take over as, in the case of immutex, the assets could be hot property and thus the value of the overall MCAP may exceed the net assets value of the spin off.

Any would be investors need to acknowledge that this is a speculative punt. As trader mentioned, there are many unknowns, but CF certainly knows something, and enough to buy 5%

I think the main reason people are making speculative punts in MOGP is that CF (via investment co) has invested to acquire 5% of MOGP.

Dilution is inevitable, but dilution isnt always bad. If the shares in issue quadruple but the MCAP 5 bags (for example) then the ground floor MOGP buyers still gain.

A lot of the buying here is following CF taking a position and the expectation (hope) that he wouldnt do so at a detriment to his own wealth

Did CF mysteriously buy in to ORPH/HVIVO before the announcement? Or, was he introduced as and when the announcement is made?

If the former then it is possible we are in line for a repeat here, at least in the sense of CF taking a position in a "lost cause" right before a barnstorming tranformation

The risk of dilution concerns the funding required to progress whichever non-core asset is spun off (assuming this is indeed the vehicle).

If this co becomes the immutex spin off, for example, then the dividend in specie from ORPH will ultimately transfer the IP, assets etc from ORPH to MOGP in exchange for shares in MOGP. It is well know that immutex will need a lot of funding to get it through the trials etc, funding that will come from dilution imo.

I dont have much experience in this type if situation, but if MOGP is a spin off vehicle then cash will be required in addition, whichever non core asset ends up making its way over (if any)

I have taken a speculative punt. Who knows, i may be receiving a lot more of these if it becomes the vehicle for an ORPH spin off.

My initial concern surrounded the potential for significant dilution, but i am reassured on the basis that CF (via his investment co) have pumped a heck of a lot more than me into this company. My guess is that they havent done it for no reason, or with the expectation of losing money.

One of the blindest investments i have ever made. Could turn out great. Could turn out to be a foolish decision. If it goes south then i will only be risking a small stake and will see it as a learning experience.

Very much a punt, but actually quite exciting :-) its like buying a mystery box. Who knows what's inside...