Member Info for itsallamess

Oil

They agreed that they could issue 7 million shares.

Last placing they only used half of them.

Check out the proposed placing RNS yesteday.. they refer to it there

SP slowly rising.. 1pm renounce on the cards?

CB

It's TRUE, this afternoon should be exciting... will be interesting to iss if there broker shares are bought up

435,500 shares at circa 350ish a share
Apex 1.5 million grand extra

Check the trades

Some massive orders gone through now

90k 101k 103k

These are down as sells but look at the price and time... 1000% buys

Iis loading up on what they couldn't get from the subscription and are buying up the remaining broker shares

After 1pm expectt them to eat into the free float!
Looking at a larger rise this afternoon!

For what it's worth.
The app I use 'webull' is showing all the orders.. 100 % as buys

What a difference a few days make?

SP is the same as Monday but now we have a total of 21 million eours plus whatever the Broker shares make

Fully funded for the next 12 months and more

Significant value for shareholders in the months to cone

This could be the reason the SP hadn't risen..

MMs still have some placing shares to sell or the SP is kept down to sell these!

In any case after 1pm whether sold or not they are off the table...

And then we should see the SP start to rise

So brokers have until 1pm to sell any of the last few remaining shares

I'm expecting some very large delayed trades after 1pm

"As announced in the Launch Notice, the Broker Option will remain exercisable to approximately 1.00 p.m. BST/ 3.00 p.m. EEST later today. Owing to the Placing being significantly oversubscribed, the Broker Option has been reduced to up to 435,500"

Copper
That's its.. 1.90 last placing share

Need to take into count that there are some broker shares which will be sold off as well

If I remember right at the last placing the SP was around 2 quid and the placing was 1.80

On the day the SP fell to placing price.. Hung around there for a couple of hours and then started rising. Think the day ended on 2.40ish

Every trade reported as a sell

Don't believe it at all

https://www.proactiveinvestors.co.uk/companies/news/917817/faron-pharma-raises-quick-fire-128mln-to-fund-development-of-two-key-drug-candidates-917817.html

Oil industry on its knees.
Travel industry on its knees
So many other areas are down

But faron I have said for a long time is a safe haven..

Fact we are over subscribed shows everyone who was offered shares yesterday grabbed them up..

And wonder if Timo and Tom have bought more?

Wonder if Marku has bought more?

"We are extremely happy with the support we have received from existing and new shareholders on this oversubscribed fundraising"

Never has the phase hold on to your golden tickets been more meaningful than today..

IIs buying in at 3.48 when they were offered 1.80 not that long ago!

"Owing to the Placing being significantly oversubscribed, the Broker Option has been reduced to up to 435,500 new Ordinary Shares"

That means that that when all these are snatched up this morning then the free float will be targeted by IIs

Broker Option

As announced in the Launch Notice, the Broker Option will remain exercisable to approximately 1.00 p.m. BST/ 3.00 p.m. EEST later today. Owing to the Placing being significantly oversubscribed, the Broker Option has been reduced to up to 435,500 new Ordinary Shares, being the remaining balance of the Company's existing share authorities. To the extent that the Broker Option is exercised, Option Shares issued pursuant to the Broker Option will be issued at the UK Issue Price. The Broker Option is subject to the same terms and conditions as the UK Placing as detailed in the Launch Notice. In the event that the Broker Option is exercised a further announcement will be made once the UK Placee Condition in respect of the Option Shares is met.



Commenting on the successful Placing, Dr Markku Jalkanen, CEO of Faron, said: "We are extremely happy with the support we have received from existing and new shareholders on this oversubscribed fundraising. With these additional resources we can expand MATINS cancer cohorts into all nine cancer areas as advised by the trial data monitoring committee recently. With initial clinical benefit already observed among the Part I patients, we are very excited to move to Part II patient recruitment.

TURKU - FINLAND- Faron Pharmaceuticals Oy ("Faron" or the "Company") (First North: FARON, AIM: FARN), the clinical stage biopharmaceutical company, is pleased to announce that further to the Launch Notice, both the Nordic Bookbuild and the UK Bookbuild are now closed. The Placing was significantly oversubscribed and comprises the issue of 2,719,002 Nordic Placing Shares at the Nordic Issue Price of €4.00 per Nordic Placing Share (representing a discount of 7.6 per cent. to the closing price of €4.33 per existing ordinary share on 21 April 2020 on Nasdaq First North) and up to 780,998 UK Placing Shares at the equivalent UK Issue Price of £3.48 per UK Placing Share. Subject to all conditions being met, the aggregate gross proceeds of the Placing will be up to €14 million (£12.18 million) before expenses. Binding commitments have been received for the Nordic Placing, however, as set out in the Launch Notice, the UK Placing remains subject to, inter alia, legally binding commitments being received ("UK Placee Condition"). A further announcement will be made when the UK Placee Condition has been met, expected to be on or before 23 April 2020. Both the Nordic Placing and the UK Placing remain subject to, inter alia, the Placing Shares being issued and being registered at the Finnish Trade Register ("Registration"). The Placing Shares will confer a right to dividends and other shareholder rights from their Registration. Registration is expected to occur in tranches as follows:· 1,892,763 Placing Shares (comprising the "First Issue Shares") are expected to be issued and registered on or about 23 April 2020;· 950,000 Placing Shares (comprising the "Second Issue Shares") are expected to be issued and registered on or about 24 April 2020; and· 657,237 Placing Shares and, to the extent that the Broker Option is exercised, any Option Shares to be issued (comprising the "Third Issue Shares") are expected to be issued and registered on or about 28 April 2020. Following Registration of each tranche of shares as above, the new Ordinary Shares will subsequently be entered in the book-entry system maintained by Euroclear Finland Oy and registered in the book-entry accounts of each investor. Applications will be made to the Nasdaq Helsinki Ltd and London Stock Exchange for admission to Nasdaq First North Growth Market Finland and AIM, respectively, of the Placing Shares. Subject to all conditions being met, First Admission is expected to occur on or around 8.00 a.m. BST/ 10.00 a.m. EEST on 24 April 2020, Second Admission is expected to occur on or around 8.00 a.m. BST/ 10.00 a.m. EEST on 27 April 2020 and Third Admission, is expected to occur on or around 8.00 a.m. BST/ 10.00 a.m. EEST on 29 April 2020.