The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I agree, and I'll take it a step further. How about the deal is done and signed, but the RNS is being held back until tomorrow, because if it were released before the OO deadline, there'd be a selling frenzy, as existing holders try to fund excess shares applications ๐ค
If just one person doesn't take their allocation does it mean it's NOT fully subscribed, and their are excess shares available?
Or, if those taking part plus the excess applications total more than the shares available, it IS fully subscribed?
For me it's the latter but I suspect HF14 thinks it's the former
I didn't apply for excess shares, as I would have needed to deposit the cash and have it ringfenced for that purpose. I suspect many that have applied for an excess have done that though. In the event that the offer is fully subscribed, and there aren't many or any excess shares, that ringfenced money might be used to buy in the open market, thus increasing buying pressure and boosting the SP. Thoughts?
Mine are with Barclays as well. I've just checked the corporate action and you need to let them know by 10.04.24
In my account they had already set up my allocation (1 per 19 held) and I just had to tell them I wanted to proceed, and there was a separate section for applying for excess shares
" I've long said that post Saudi/Maersk we will only have significant price movement (to, as random examples, 5p or 10p) at the point of actual commercialisation."
Sorry Red, I don't think those sitting on the fence will wait for firm news. From what we know now, an SP of anywhere under 10p is worth a punt, and I believe there are many 'itchy fingers' out there waiting to pile in. Many probably think we're still heading below the offer price, but will the 'fear of missing out' allow them to wait much longer? We're in the AIM casino and those wanting to hit the jackpot will have to take a position soon
"I havenโt bothered to request more as I think it pointless. This will be way over subscribed! ๐"
Same here, in for my full allowance, but I'm not tying money up trying for extra shares. As I said a couple of days ago, I strongly believe news will be announced before the deadline, and the offer will be way oversubscribed. It's a bone thrown to us by the BoD, and a very welcome one for us long termers
"now who posts on here who has said those exact same words. chequeturd. chuck in sjs2019 and fyoz and the bin men have their work cut out."
if you care to look properly vince, i suggested a rights issue, which would have been structured in a similar way to the latest open offer. still, don't let a small thing like accuracy spoil a perfectly good ****ging off of those that disagree with you
. . . the shares to 1 new for each 19 held leads me to believe we'll hear good news before the offer transaction, thus ma king the new shares a bargain, and rewarding holders for staying loyal with the company
Based on nothing but a hunch, but as valid as all the other 'opinions' posted here