Member Info for Happyish

It's a quiet day so:
My first purchase in TILS was in May 2020 (only 4 months ago !!!) at 0.59 per share. So, I guess I’m a Covid newbie (in this share). I’ve topped up significantly since then due to the potential that I perceive this has, on so many fronts, with this now my biggest holding (followed by SNG).
Rightly or wrongly, my view is that from the announcement that StemPrintER was significantly superior to the ‘best in market’, announcements significantly shifted gears, including:
- Back track on FTSE de-listing for a Bahamas listing (I particularly remember JHenry’s selling of shares due to the lack of transparency over this issue and then the subsequent buy back – the share price fell that afternoon)
- StemPrintER (previous nil balance sheet value) to be spun off to support Formulab, ‘the jewel in the crown’, getting to market
- US ATM facility
- Desire to move to full FTSE listing
- Mass Bloomberg advertising campaign
- Change in US ADS arrangements
All gave the impression that this would be a significant and short-term rags to riches story.
The silence from the BoD since is deafening and, as I mentioned yesterday, my hope is that it’s because of NDAs. There’s so much of value in their portfolio especially with the recent Patent grants.
In the meantime the share price needs to come to terms with itself. Perhaps part of the problem is have the US PI’s written off TILS as a tiny complicated UK market cap Pharma, when Nasdaq is on a flyer and other ‘safer’ options are available? Do investors feel tricked into believing TILS was worth the price on that mad trading day and resentment has kicked in?
That may not be the same view for the US II that swallowed up the huge placing, but it appears, for PI’s, TILS is walking on eggshells until the next piece of news. The hope is that the US will shake off any negative sentiment to allow the price to rise.
All of this does not change my view that this is a hold and buy time for TILS, but I can totally understand if you invested on the mad day or didn’t understand the ADS change in split, why you’d be reluctant to commit until you knew the price floor is in.
I’d like to switch off for a fortnight and see how the land lies then. But, when this moves ………..
Thank you to all posters for your views as these have certainly helped.
GLA

Are we in for another modest afternoon roller coaster like yesterday, ending the day at price parity?

What on earth is going on?
Hopefully, we'll find out soon enough.
Hold for me until this becomes clearer.
GLA

Rokerpark68 - I've now picked up on your messages from yesterday and the last few days. I couldn't agree more.
It seems something is afoot and that has effectively gagged the BoD.
Here's hoping anyway.

I think that too Frag.
Perhaps the placing has provided the BoD with more freedom in their negotiations, so they won't face the dilemma of having to consider a low ball price for StemPrintER.
Gabrielle doesn't want to lose out on this.

TLSA

Fingers crossed. I think it's fair to say that it's unlike the BoD to be quiet about this issue for so long, unless they can't.

It seems to me that the BoD were front loading information on their pipeline with a desire to get the ATMs through, as they were hardly going like wildfire.
The placing seems to have come completely out of the blue and I agree, seemed to good to turn down.
It's the silence in the StemPrintER news after the placing that is disappointing. But, as others have alluded to, maybe that's to do with HMRC or maybe they're tied to what they can say with potential NDAs.
In any case, this looked way oversold and hopefully it can continue to climb back to (and above) the placing price.

I also believe the raise was too good an opportunity to turn down. However, it's been disappointing the silence ref stemPrintER spin off when

It was getting a bit tetchy earlier, so I'm glad everyone's feeling better with the rise since mid-day. Long may it continue.
GLA

Could this be anything to do with increasing the free float pre moving to main market?

The ‘Friday‘ adrenaline rush has now led to a question of everything - Did the US understand the change in the ADR share split? Do they still think we’re Tesla / Placing timing / are we being tactically shorted? - all being done of them.
I’ve questioned them all.
I sort of agree with saveuk’s suggestion, turn off the noise and return at a later date. I need to take that onboard even though I’m supposed to be on holiday now. I’ll look again in 2 weeks then (thereby resisting top up / sell temptation).
As always, GLA

I wouldn’t want to be a UK MM tonight.

Thanks JH.
I know PI’s do this, but mainly II’s. any chance newbie II / hedge fund share holders are playing both sides (and is there anyway to find out)?
Best

Many thanks for the link, daveycaferacer.
Looks like no shorts at the mo.
Head scratcher for me. Such a compelling series of opportunities, US racing to outbid each other on that Friday, now a damp squib.
Time, I’m sure, will tell. But puzzling in the immediacy. Still, will continue to top up on the drops.
Very best of GLA

Does anyone know (or can share a link to) the percentage of shares shorted, if any, at the mo?
Just wondering if having II / hedge fund managers buying large stakes has led to a double edged sword situation.

This is increasingly my largest holding (topped up again today at 1.73).
I feel this is being held down, so topping up where I can (hopefully not to the detriment of other stocks I sell).
Just can’t understand how we’re lower than placing price, especially with cash to fund Phase 2 trials at probably an earlier stage than expected.
One you can’t take your eyes off of. Bounce due soon, I believe.
GLA

Phone charge died, had to buy a new charger and switched onto this !!!
New pub, starting 4th pint.
Still within the close range I mentioned !!!

My guess is anywhere between $3.95 - $5.95, but wouldn’t be surprised if this range is too narrow ??
3rd pint just received.
GLA

Finally got a top up at 1.823.
Almost 2 pints down (had to get out of the house through the thought of another day like the other Friday). Will order my 3rd in time for US to Open and watch all manner of things unfold in last 2 hrs trading today.
This share is a better watch than the tv.
GLA

Still nothing (not even £470). UK MM’s in an almost impossible position as the US are so random.