Member Info for jamrock

Result of the vote imminent.

Expect some activity

Vote coming and buying going to get strong 💯

Result of vote in Tuesday.

Clearly no stock around..

I’m expecting a strong bounce very soon.

It’s risen from lows of 6p on very few and small trades.

News could easily create strong demand.

Will we finally get a buyback!.

Will news on the vote create demand.

Will the fact 5.7m and no debt create the demand.

I’m actually sticking my neck out and buying again but each there own.

The selling price will rise as demand for cheap stock increases.

Then this will push North quickly

Wesley

Thank you for the kind remarks and let’s see where the price soon.

All investors have been let down for loyalty however given that the tests haven’t sold as expected its probably best in the long run.

The alternative would be to raise money at 1-2p and this would be catastrophic imo.

I seriously wanted to be on the journey when the government make changes to help the NHS by allowing these tests on pharmacy first.!

Unfortunately the board have made a decision and now it’s time to see what happens.

What I will say is 5.7m in cash is equivalent to 10-11p so on this bases this is a fantastic opportunity.

Am I disappointed about the sale. 💯

Do I think Adam Reynolds will use the 5.7m to identify a good profitable business that has the potential to benefit shareholders. 💯

Do I believe a share buyback is coming as in the resolution passed. 💯

I have bought more under 8p but everyone needs to make their own decision.

Either way good luck all shareholders

Wessley

Let’s see how it pans out but I’m quite happy to leave my shares in for now but thanks for your advice

Wessley

I understand your view but this ain’t going private at all.

It will probably end up in a reverse takeover and Penny will get her way with concepta though.

Adam will have 5.7m with no debts and liabilities and can take upto 12 months to find another business opportunity.

I don’t think it will take more than 3 months to identify an opportunity personally.

We could easily see Adam buy shares or the company use funds to mop up weak sellers which will help the share price.

All the best

If vote is for sale we can expect a bounce in my opinion even though it’s sad we are not on the testing journey .

I’d expect buybacks to begin at these levels and possibly support large shareholders at these levels.

We could also be witnessing a double bottom and low RSI which could set us up for a bounce back to 10p.

Just my opinion but I also see an opportunity with 5.7m in cash and no debt and no pension liabilities etc.

It could be a positive long term if Adam identifies the right opportunities to invest in.

Good luck all involved

So quite on this one.

Definitely get a feeling we are at the lows.

May be the calm before the storm.

I’m expecting news shortly. Maybe a positive one.

Time to add I think if the spread narrows

I truly hope for holders including myself it goes where ever each individual needs to get at break even but anyone who can’t see a fund raise coming must be blind. At these levels you could see one at 40% discount imo. Seen it either way OBD recently after a solid run came the news and a huge fall. Hopefully not as bad but anyone who can’t lock in profits in these shares needs to seriously think about it

The key will be if they need a fund raise.

Great day for holders who bought today early but equally some got stung @0.014p.

I guess it’s called risk reward

I’d be locking in profits it I was in this morning

Well the market had to go up otherwise nothing left.

Good luck hopefully flying 10x

Capital raise at a huge discount imo. Hopefully there’s an alternative solution but I can’t see one other than a complete sale of the business to J&J which would be at a low figure

The spread is ridiculous in this one

People still buying so I’m guessing maybe now we are at all time lows hopefully we may get a share buyback announcement at some point .

5.7m =11p per share so if one assumes the deal goes through then I guess your money is safe.

However if the deal is not voted through you would expect a strategic review and possible board changes so that’s a positive.

Either way shares at these lows look cheap with cash available in my opinion.

Jimbo

Explain your thoughts why Penny should be concerned

Jimbo

Low risk in what sense.

The core business gone and Adam Reynolds gets 5.7m for a new venture only if he identifies one with 6 months others wise they eat 5.7 up with costs.

Only low risk if Adam Reynolds agreed to freeze any money he would take until a new business identified then the cash is equivalent to 10-11p..

So yes in that sense it’s safer to hold your shares.

However Penny hasn’t released any details of current test sales to date from Boots own Brand,Poc doc and New found land HIV tests etc.

My view is MHC has huge upside with a team in place focused on promoting the company.

I haven’t seen any advertising other than Boots own brand