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Price movement is weird from this - they wouldn't release any market sensitive information in the AGM, you'd have to argue really hard that the information shouldn't have been released earlier.
Very much status quo, strap in for a couple of months - we will probably see a good topping up level in 4 to 6 weeks.
I think we can certainly derive some excitement from the fact RM read from a script, not so much from his trolling by using the adverb imminently! Ha
"So the horse is out of the bag?"
In the mane, neigh, this is still on courser as far as I can tell. This morning's drop did bring a good opportunity for some dis-cantered shares though.
God I have a love/hate relationship with this share but here we go - it has turned me a decent profit historically and it feels like this price is near the bottom. I understand I am going to be at the mercy of the derampers here but these are the pros/cons I see for buying in right now:
+ Current MCap is roughly £27m - with £5m as liquid capital and a relative period of stability with regards to BoD warrants being issued and shares being sold, the BoD still has skin in the game (which is important for me).
+ I feel there is enough in IP potential to justify a £22m valuation after the £5m has been taken out - we also should account for the fact that the good doctor is still involved with the university and has a particular interest in green chemistry. There could be further initiatives down the line as he works on university projects etc.
+ Masks are not the be all here - I actually think the masks are a tad expensive for an NHS contract (The regularly suggested golden egg ) - private networks are where I think the BoD should focus. For an NHS contract we would need HUGE manufacturing capacity
+ If I am to look to the future - I quite like Cloudveil and the fertiliser (we are going to get food shortages as the world population increases). Hopefully the BoD will shed some light on the operational review soon...
+ I think there is the potential for good news flows and they will have more upside potential than any bad news flows would have on downside.
+ We are involved in niche markets and cracking those could be difficult
+ Inexperienced BoD - they have made a bit of a hash of it since we placed our faith in the good doctor - that said appointments have been made. Whilst I would like to see more shareholder interaction- silence isn't necessarily always a bad thing.
+ This BB - it is toxic af haha
So there we are - is it a risk? yes. A speculative investment? Definitely - but I have risked as much as I am willing to lose and hope for the best. As ever DYOR but this looks like a good buy in level to me.
I have the KY at the ready go easy on me.
I am a big fan of DYOR - just read the RNS from AZN where they clearly outlined exactly what the bonds would be used on:
AstraZeneca expects to use the net proceeds of the offering to fund a portion of the purchase price for the Alexion Acquisition, to pay or refinance a portion of Alexion's indebtedness and to pay related fees and expenses, or for general corporate purposes, which may include the refinancing of existing indebtedness.
A tad embarrassing, when you have that link I am all ears
"Why the sudden interest in ODX ? What's your point ?"
First of all - not sudden interest, just because I lurk it doesn't mean I am not interested. I usually visit BBs to see whether there are any gaps in my own research.
If you'd rather I didn't provide a different point of view that this stock is not being manipulated then you would rather have an echo chamber? Personally, that wouldn't be my preferred dynamic but people inevitably get tribal on BBs. I think a bit of challenge is healthy and a BB which isn't awash with allegation of market manipulation may make it a more appealing investment to those who are not already invested.
"Well said Tricky. If not manipulated it has been controlled at the very leas since October. Remember the idiotic 30%+ drop on Pfizer news in early Nov across all AIM covid stocks."
Do you remember the counter swing in hospitality and travel stocks? Was that ridiculous to? You mean to tell me that the prospect of a vaccinated world shouldn't have impacted the whole market?
I can't be the only one who finds this ludicrous....As a longterm SNG holder (I don't post there either, so I cannot have shares, right?) I bought the dip as I had been decimated (60% down).
I didn't complain though, in my opinion it was a reasonable reaction for a share which was banking on a protracted pandemic. Now we have more information on variants it is clear that it isn't going to be over so quickly (and that isn't to be celebrated!).
Thanks Tricky, I am struggling to make heads and tails of your second message in the context of your first - I hope you can help me:
You state that you "haven't linked you sharing one legal challenge to the share being manipulated." yet in your original response to my post you said "Your post, FuryasOne, coming out of nowhere- obviously not an ODX investor but you have responded quickly to dissuade complaints, absolutely endorses that this share has been manipulated." Maybe I am misreading something here but you clearly state that by me posting it absolutely endorses this share has been manipulated. You actually double down in your opening gambit of your second message by saying "Interesting that your first post ever FuryusOne is a response to someone posting that they were tired of manipulation on this share."
In an attempt to address whatever narrative it is that you have formed - my doubt was that the FSA (sic) had actually responded to OP or if they did, it was lip service. A reasonable position and one I still maintain. This is based on my own dealings with them in a professional sense, the fact they have finite resources and certainly not enough to intensively monitor AIM for a few weeks to initiate legal proceedings. The FCA will always focus their efforts where adverse conduct will have the biggest impact on consumers - the AIM market, whether you want to believe it or not, is not that place.
"Your suggestion that retail investors should suck up market manipulation because we have invested in Aim is outrageous nonsense." - I'd appreciate confirmation of where I said that - make sure you read the paragraph in context before quoting.
I agree the belittling was probably a tad excessive and for that I will apologise, I was attempting to help you realise how ludicrous it is to draw a conclusion that this share is being manipulated from my post. BBs can become horrible places when a share is not going someone's way. That doesn't mean it is market manipulation there is usually a good reason and a bit of research usually uncovers that answer. If people spent half the energy they use moaning about manipulation to research why it would make the boards a far nicer place and lead to constructive conversation rather than the victim complex I have witnessed here.
For the avoidance of doubt - I am invested here, not heavily (roughly 5% of my portfolio) but it is clear to me why the SP is hovering around here. Some would argue it is overvalued considering we don't have confirmation of any orders . I can tell you for a fact and irrespective of alleged market manipulation, if those orders don't come in PI's could lose it all. An outcome I cautioned people to be comfortable with.
Out of genuine interest - can you link the beaumont scandal - I have spent a while trawling the FCA website and their notices section and the only mention I can find relating to Beaumont doesn't appear to be a market manipulation notice.
Tricky - thanks for your reply, in order for me to adequately address your conjecture ridden diatribe can you please confirm that the summary of points I have provided below is correct? I'll afford you the level of respect you didn't for me by not misrepresenting you:
+ Because I haven't ramped/deramped on a BB I am "obviously not an ODX investor"
+ The fact that I provided factual evidence based on my experience as a compliance professional "absolutely endorses that this share has been manipulated"
+ By you having "been invited to submit case studies to the FCA for consideration." you are now a master on market manipulation? Out of interest what happened with those case studies? Did you hear back or was it more "lip service"?
+ "The idea that if you invest in Aim you deserve to 'lose it all' is a narrative straight out of the behaviour behind the financial crash." Firstly, tenuous link between the crash and AIM but I'll run with it...conversely I would argue that dragon chasing without the knowledge that you could lose it all is more aligned to the precursors to the financial crash. In an attempt to simplify 2008, the crash was born out of irresponsible lending due to low interest rates, as the rates rose mortgages could no longer be afforded, consumers tried to get out of the mortgages by selling their property and this started a supply/demand crash. This in turn, meant negative equity for homeowners who were now locked into mortgages and therefore couldn't move. In an attempt to make sense of your tenuous link does this scenario sound familiar? PI loses X amount on AIM shares (probably from reading ramping posts on BBs without doing their own research) - chases another AIM share to recover loses, that ends up in the red too - so chases another AIM share and so on. This isn't as a result of market manipulation - it is the consequence of high risk, high reward investing on the Alternative Investment Market...the clue is in the name. I suppose it is easier to disregard my risk as much as you can afford to lose and do your own research warning to support your narrative though.
+ " I have lost count of the number of times the price has fallen with good volumes and more buys than sells." - if it was as simple as that do you not think the FCA would have automated checking rather than relying on disgruntled AIM investors submitting case studies?
Have you considered investing in a tin foil manufacturer? I've heard their products make for good hats.
Compliance professional here - given that the FCA are being referred to as the FSA and the fact that the FSA (sic) have always kept a safe distance from AIM (for obvious reasons) - I'd say this is shenanigans from OP or, on the very slim chance that the FCA replied to OP, lip service at best.
Below is a link to the latest market manipulation decision notice - take note of the timescales needed to bring about enforcement action, the notoriety of the firms Corrado was manipulating stocks on and the method of manipulation he employed. If the link is blocked google "FCA Corrado Abbattista".
If anyone thinks that a disgruntled AIM trader is going to be the eureka moment the FCA required to start supervising MMs transacting on AIM - I'd suggest you stick to the FTSE250.
This may seem a tad blunt but it is needed - on every BB there are complaints about MMs manipulating stock within AIM. Does it happen? Potentially, but you need to ask yourself why you're in an AIM stock. The only legitimate answer is for the quick multibags. That level of reward carries an equal and opposite level of risk, the echo chamber of nonsense needs to stop. Get comfortable with the fact that whilst you're here, in AIM, you will either make a load or lose it all and when it doesn't go your way you learn and move on. The fundamentals always remain:
+Only risk as much as you're willing to lose; and
+Do your owning effing research.
Anything else is noise.
Altruism is masked self-interest. Aggressive self-interest is a masked urge to self-destruction - from the aptly named Greg Bear
Opinions are just that - if everyone was right all the time they wouldn't be posting on BBs, especially in stocks they are not invested in....
The fundamentals remain:
+only risk as much as you are willing to lose
Anything beyond that is hot air.