Member Info for Janiax

Share price goes up on the White paper detailing information behind the T-Rex leather. This is justifiable and supports the long term prospects of the company trying to get some major contracts signed.

Then a "Conditional" placing is announced at the value prior to the white paper. Based on the shareholders voting at the General Meeting on the 12th (2 days after the handbag auction).

This looks really interesting to me... if the handbag sells for a good price this placing is never going to happen. The cash won't be needed, the SP will be significantly higher than today and contracts will be getting signed with multiple major parties in fashion and high end brands like cars and watches.

So the only way the placing will happen is if the auction doesn't get much traction and the cash is needed to keep the company moving forward.

Today's announcement has given PIs a great opportunity to pick up shares from weaker holders.

Part of me that's cynical would consider if today's announcement is just to let some people in before the auction at a great price.

As this is conditional no shares can currently be forward sold, and if they are then it's equivalent to shorting so when the placement doesn't happen, there would be a squeeze on at the same time as great auction success and contracts...

I'm really looking forward to next week here.

Couple of rich people having a bidding war on the first T-Rex bag and this could be amazing.

Good luck holders.

Share price goes up on the White paper detailing information behind the T-Rex leather. This is justifiable and supports the long term prospects of the company trying to get some major contracts signed.

Then a "Conditional" placing is announced at the value prior to the white paper. Based on the shareholders voting at the General Meeting on the 12th (2 days after the handbag auction).

This looks really interesting to me... if the handbag sells for a good price this placing is never going to happen. The cash won't be needed, the SP will be significantly higher than today and contracts will be getting signed with multiple major parties in fashion and high end brands like cars and watches.

So the only way the placing will happen is if the auction doesn't get much traction and the cash is needed to keep the company moving forward.

Today's announcement has given PIs a great opportunity to pick up shares from weaker holders.

Part of me that's cynical would consider if today's announcement is just to let some people in before the auction at a great price.

As this is conditional no shares can currently be forward sold, and if they are then it's equivalent to shorting so when the placement doesn't happen, there would be a squeeze on at the same time as great auction success and contracts...

I'm really looking forward to next week here.

Couple of rich people having a bidding war on the first T-Rex bag and this could be amazing.

Good luck holders.

I believe the paragraph:

"Completion of the Placing is conditional on, inter alia, sufficient authority being granted and the Company's forthcoming General Meeting, the Placing Shares being admitted to listing on the Equity Shares (transition) category of the Official List and to trading on the London Stock Exchange's main market for listed securities"

Means they need permission to do the placing with a vote at the next general meeting.

So if the bag sells for a strong price next week this will get rejected.

Good luck hokders.

Great to see volume already at over 10m today.

News flow continues to keep all eyes on the Auction next week.

Mcap is still very low for the value of the market this is aiming for.

Not sure if they'll be a major contact sign before or after the Auction, but very confident that more than one will be signed soon.

Good luck holders.

Always interesting when the board fills up with "I knew a placing was coming" and "It's going down, get out, there's nothing here"

These are the most obvious examples of people paid to try and reduce prices and allow the big buys like that 5.1m trade.

There's been very little selling since the RNS.

This is not going down over the next few weeks. It's just getting started with a news cycle and strong push upwards.

Placings that stop momentum are annoying, but hopefully that's it now and we can see this go up nicely over the next couple of weeks and months.

Good luck holders.

Placing looks like it's cleared already.

Good luck holders.

This is going straight back up.

Will be 7p by close and 8p tomorrow,

Good luck holders.

Not seen one of these in a long time.

Normally it's a 7am thing...

I'm hoping they wanted it announced so they can put out another news RNS later today or at 7am tomorrow and this wouldn't overshadow the news coming.

Great opportunity to get in currently.

Good luck holders.

With the director buys this has to show that they truly believe they will be able to make this work and see significant returns.

This is a great opportunity currently and could easily multibag over the next couple of months or even sooner.

Good luck holders.

Yeah doesn't make sense.

Mcap is hovering around £3m.

There's a huge auction coming up with a one of a kind bag that could sell for £500k or much more.

There's talks with multiple large companies to use the leather technology in fashion, or cars, or other industries.

And this is just one of the areas the company is working on.

The Mcap should easily be in the Tens of millions within the next month.

If multiple deals are signed it could be much higher.

Entry now is soo cheap.

Good luck holders.

Not going to be under the radar for long.

Now second on the leaderboard.

Could be first within the hour.

If the herd try getting in the pressure on the small free float will be enough to push this to 3p or more very quickly.

Good luck holders.

Always jumps by 0.25 or 0.5 here.

Surprised it's not gone quicker tbh.

But volumes good at 1.5% of shares traded already.

If we get to 10% traded it will probably be past 3p by then.

Could easily be at 5p before the auction and 10p on the first contract signing.

Good luck holders.

Great to be a hindsight guru Roger....

But fundamentally this will have ups and downs, the overall momentum and direction is upwards though, and only impatient traders are dumping.

Longer term this will definitely reach new highs.

Good luck holders.

Mcap values:

5p = £8.35m

10p = £16.7m

30p = £50.1m

For the technology available and contracts being discussed with multiple major brands these are all low values.

The auction has been great for marketing and generating interest. It will help with short term cash flow as well.

But what's to come over the next few months could be transformative and life changing here.

Good luck holders.

Lol Roger can't be seen when stocks are blue but comes back with a little down in the morning.

It did the same thing yesterday before going back up much higher.

Just be patient and this will go higher. If not today over the next few months for sure.

Day traders will come and go, investors can wait.

If you like dinosaurs check out BSFA as well. Great RNS.

Good luck holders.

Reported spread always looks worse here.

Not much closer currently seems to be 1.9-2.2

Sometimes it can be very close with both sides above mid but still be shown as a 0.5 difference before a quote.

Today's news is great.

I can see the bag going for more and also multiple contracts coming in soon,

Good luck holders.

So close to 2p close now.

I reckon they will drop this on open tomorrow like they did today.

Try to get stop losses and spock traders.

Then it will move up again from. 8:30/9 and any selling early will have to pay more to get back in.

Good luck holders.

NMH21,

It looks like it's turning back upwards.

Ask just went up.

Let's hope for a strong afternoon.

Good luck holders.

I think we have seen the dip.

It briefly went under 2p.

Now back upwards for the rest of the day.

Good luck holders.

Might be ready to go again now.

Doesn't look like the MMs got much from that fishing trip.

Good luck holders.