Member Info for FreeTheCaterham7

I don’t think this is right.
Neither the company nor Peel Hunt have any miraculous way of stimulating the price to 7p or above. To do so would be market manipulation and therefore illegal.

If nobody buys any in the offer - and why would they - the company will just wear the slightly lower fundraise. It’ll come off working capital.

@Cont said " the directors don't even want to commit buying shares in their own company"
Why would they do that? they are going to award themselves a bunch of options. Their interests will be aligned with other shareholders.

Monkey said..."If they were set for money right now and going forward they wouldn't have done what they just did."
If that's what you think, you don't know what they just did.

And it's not approved for use against Covid in Japan.

It may be the case that the chair of a local medical association has recommended the use of Ivermectin, but his comments carry no official weight.

I was asking what your evidence was that anyone was actually using it.

Hurtle, what is your evidence to suggest that ivermectin is being widely used in Japan?

Are you trying to suggest that Ivermectin is being widely used as a treatment for Covid-19 in Japan?

GSK claim it targets a highly conserved part of the spike protein and that it should therefore maintain efficacy against omicron and most other variants to come.

Metalhead25 said…"If the institutions had bought on the open market, that wouldn’t have delivered $5m of working capital to the company"

Indeed. This is kind of the point.

You can participate if you want, but I’m not sure it makes sense to buy stock in the offer at 7p when you can buy them cheaper in the market.

Not since 26th

Contrarian123 said "Uninvestable in my opinion."

You’d better warn La Mancha and Orion.

I think Morningstar's data is compiled from funds' declarations of holdings. if that's correct it is waaaaaay out of date and misses some quite large stakes

I don’t think they will buy stock, they are planning to award themselves a bunch of options

The brokers doing the placing will get paid a fee for doing the placing but I don’t think they would get any stock below the placing price

@CBax
I’m probably out of date, but….
1) Another company makes a bid for all of HZM’s shares. They offer to pay either cash or their own shares
2) Everyone gets to decide whether or not to accept that bid. Hopefully your broker, who in most cases is on the register as the holder, will allow you to instruct them how to vote your holding.
3) If the bidding company ends up with more than 50% of HZM they gain control and will likely declare the bid unconditional as to acceptances. If you voted to accept the bid, you get paid either the cash or the shares and your interest in HZM comes to an end. I might be making this bit up but I think that the bidder has to extend the bid if this happens so that holders who didn’t accept are given another chance to accept so that they don’t end up with a holding in a company over which they have no control.
4) The bid is likely to be conditional on a minimum level of acceptances, ie if the bidder doesn’t get control of the company the bid will lapse and so even if you accepted the bid you won’t get paid and will keep your HZM shares.
5) if the bidder ends up with over 90% of the shares they can compulsorily sweep up the remaining 10%

This is my simple practical understanding of the situation. Open to correction by anyone with better info!

7.1p

Could easily have a spread like that before the market makers open their prices if there are a couple of GTC orders left on the book from llast week

I have no sense of humour

Kevinl1977, why did you say "I’ll take it that £1.55 is a typo error: if not, filtered"?