Member Info for Gampy

What makes you think there's going to be negative sentiment post-AGM?

Thank u Mani.

I feel we need to unite and I hope SNGMS has enough data from all of us to start this battle on our behalf. Thank you to SNGMS once again.

I keep hearing "trust us".. the words from RM when he was asked in a proactive interview after Sprinter readout. I did, and so did a lot of us. Where did trusting him get us all?

We could have sold long before this. A lot of us, myself included now, have crystallised huge losses. Simply because I feared losing it all when we delist.

I have lost everything. My partner is no more. My dreams up in smoke.

If we are going to fight, we must do so together.

If shareholders want to stay in touch..

That would be great.

Do you all think Synairgen will offer existing shareholders an exit price? Like 8p? Or 5p? Or 4p?

Or do you all think this stock will simply delist seeing as though they have given us all a two week warning anyway?

I am deciding on whether to sell all my shares or not because I simply do not want to stay here any longer.

Company is too secretive for me. No Comms. Liars.

I just want to know when to exit.. tomorrow morning or after they potentially offer us all and exit price (if any?).

Thanks to all.

What's the likely outcome here? Sale after P2? Sale after P3? Partnership after P2? Nothing at all?

Is there a way we can stay in touch with each other? I suppose this board will disappear.

What about that telegram group that someone mentioned?

When can we expect to see some of our money back for those of us LTIs stuck in?

After the company is sold after Phase 2 completion maybe?

Nessab, what do you mean?

I have understood the RNS to mean we are going to delist?

Someone I know has said they have had their request for extra shares denied. He is unsure what this means, as am I?

"Announcement of the results of the Placing and the Open Offer - 15th January".

So I thought it would be tomorrow.

Jint, thank you.

Is this rule 9 waiver resolution irrespective of if the 2.9m is raised?

I mean if 2.9m's not raised, the whole non-underwritten fundraise fails anyway, meaning the whole thing's scrapped?

I suppose that waiver is relevant if the minimum amount of 2.9m is raised and the company remains on the market as a PLC, as it will then prevent TFG from making a low offer?

Is that all correct?

"Mani, the £2.9m target is the amount raised if all existing non TFG shareholders (71.4%) take up their 2 pence offer. You might be right that it will take a big existing shareholder to over subscribe, but aren't some of those high net worth individuals who know RM? I'm not sure it needs to be a fund (institutional investor)."

Size - are you sure this is correct? (you might be!!).

I thought the 2.9m target was if all existing non-TFG shareholders take part in the open offer AS WELL AS the big funds/IIs taking part in the placing part of the non-underwritten fundraise? Can anyone clarify this?

Because if the 2.9m target is left purely to only the existing non-TFG shareholders to raise, the target will surely not be met imo? I don't see PIs that have already lost so much money being able to find 2.9m collectively. That's why I thought the non-underwritten fundraise had to include the placing section for IIs to also take part and help reach the 2.9m target?

IMO the 2.9m should be raised mainly by IIs who I would hope RM already has lined up after months of negotiations?

Why would a single II decline the opportunity to double their stake in an SP jump from 2p placing price to a price set by a company about to start a funded P2?

I'm drinking from my glass of optimism today.

I am struggling to understand. I just want as much of my money back as I can get, as I'm sure all long term investors do, and I don't mind waiting a bit longer. I don't even mind getting a tiny fraction of my money back any more. So my question:

What does synairgen delisting mean? I mean in our case specifically.

Is our money gone forever? Or is the stock just taken off the market until a transaction like a partnership/buyout is reached at which point we will all get money back according to the deal reached?

Could anyone please outline some possible scenarios? I just simply don't understand what delisting in this situation would mean for our money in terms of when we could see it again.

Thanks to anyone that replies.

I have never had experience with delisting Fruits. I feel like my money will disappear along with the company forever if we delist. Frankly the whole thing scares me

Losing all of my money. I've worked too long to lose it all here :(

Fruits, a detailed reply. Thank you for spending the time to explain the points. Number 4 sounds the most worrying there!

Your final point. I am looking at it from the point of view of an existing PI, like many of us. Therefore you are correct, it has struck the deepest of fears within me that the company will be going down this route.

To fully disclose, if the company delist then I see no chance to pop the question to my significant other. I simply cannot go ahead with that if I see no way to financially support her.

But that is all irrelevant, I state the above to describe my fear from an existing PI point of view. From what you have written, IIs would feel happier knowing that clause had been explored and I can now understand why. But from an existing PI's perspective, I have to ask..

..what do you think would synairgen prefer? What even would TFG prefer?

Would they prefer to remain as a PLC to drive SP and get a better end result at IA or pre-P2 or post-P2 results? Or would they prefer to delist?

Because if they would prefer to remain as a public company then I can see them both working together to find IIs to ensure this raise is a success. I am worried for full transparency.

Burning question for me right now! Thank you again. Any takers to ease my anxieties regarding all of this? Maybe it may help others who are in the same worrying place. As I imagine we all are..

..sigh!

Ok, I understand. Thank you for the thought Mani. However, my stake was rather sizeable so selling my holding and buying back in at placing price would be of little consolation to me. If I am going to lose most of my stake then what's a few thousand.. they are my thoughts really. But thank you.

Thanks for your reply Manifesto. I have a question after reading your response please:

"You could sell your holding and apply for the same amount of placing shares. If they delist you would get all of your money back!"

1- If I sold my holding right now and applied to buy the exact amount back at the placing price, firstly would that not be presuming that my application would be successful? They made it sound in the RNS that extra shares outside of any offered to me would have to be considered and may not be possible.

2- Secondly, even if that was successful, how would it get me my money back?

Thanking you in advance.

HNY to all! Just some thought(s):

1- could the reason for a delay in the RNS have been due to RM ensuring certain IIs would be taking part in the placing? If so, I would see this is a positive.

2- however, if this were the case, surely TFG would have known that IIs would be supporting the raise and would therefore surely felt they did not need to put the delisting clause in the RNS as they would know the raise would be successful. If so, I would see this is a negative that the delisting clause is even there if even they are not sure that IIs would be taking part.

What is everyone's thoughts on this?

I am just simply worried the fundraise will fail. It is hard to be positive during these celebrations..

I hope very strongly that synairgen have some very eager institutional investors lined up to participate then? There were a few after the previous P2 if I remember correctly.

Hopefully RM has made a few calls already to some of them. After all, why would this whole procedure be kicked off if IIs weren't already informed before the RNS was released. And more importantly, what would those big IIs have to lose if all monies will be returned?

Like I say, I'm speaking more from hope here..