Member Info for Jimzi

Yep, down 10% since yesterday pm to now on very little volume.
Much better to invest in bios with big P3 and FDA risks lmao.

Thanks to the bored peeps, got a 250k spreadbet at 8.52.
Too many covid punters around who can't sit on their hands and do nothing.

They are prohibited from shorting but forward selling is not shorting - just a sell with T12 delivery
This is what gives it away:
(a) the average of five daily volume weighted average prices of the Ordinary Shares, during a specified period before the conversion date, rounded down to the next 1/10th of a penny.

Strange they don't say what a specified period is in the RNS.

40m is 3.5% of the current no of shares .

If they lent say £2m, they would have to have a sp of 5p min to get their dosh back given this limiting factor.
Thats why they probably said 500ks the most we will lend - cause their repayment is dependent on the future sp

Yes Trek.

L2 is to pot here.

500k is 8.66 v 10.7p

No its not really NT, they are trying to eake out some sells on no volume and paint an inaccurate picture.
15m with FDA - the holy grail - plus Mayo - V cheap in my book.

yes, that 3.5% clause looks like 500k was all Bergen was prepared to given them - too risky to get their cash back over this figure.
I shall hold off buying a few more to see how things pan out.

parties have now agreed that
convertible securities with a par value of £537,500 be purchased by the
Investor for £500,000 in cash,
To me it looks like 53,750,000 shares issued at 1p? [Par]
Anyone know if correct?

Am I right that the £500,000 gets shares at par?
That's not very good

Indeed rumb - I fear we are suffering a bit from covid must do something trading - bet no one realised or read what I was saying in my ProAxis post given lack of replies.
If only some took 30 mins to actually find out about the company eh?
And peeps now selling below placing price.
Anyone notice some one bought nearly 2% of the co real time? Wink

LMAO
Its down 5% after 60% rise yesterday
This was 3 last week or so.

No traders here!!

Why was it such a good placing price I here you ask?

Edison Research valued ProAxis at 15m in 2019 - i posted a link about 4 months ago if you want to look]

In the placing doc - value - nil as it is a private company

100% owned.
15m shares.
Equals?

Its only back to the placing price which was a very good deal for the 50% holders who are locked in.

Why? As explained they want the best price as does a buyer. Why is everyone so obsessed?

See kmk when Miton were selling down ( to about this level I believe and note they bought here) - doubled plus after the last sale.

It’s all normal .
If you sell cause someone else sells, that’s your strategy

Exactly Barwick
A few crap themselves assuming the worst. Invesco managers are judged by their return- they may have been perfectly happy at 5.9% or whatever but when it goes up 6p, they decided to top slice a bit. Normal?
How is 6 m in 6 weeks a dump Lord Henry. Your very excitable.

Now we know that it has not been Invesco pulling it down - thats only 6m for the last 6 weeks.
There are a few traders with wedges playing - good luck to them but don't blame Invesco.

sellers have dried up and a gradual re-rate is here.
About time imo

I notice Lord Henry that you are not commenting on the buy side.

The problem gents is that while the msc model is great , you have to execute them with the right figures.
SL a fair overhead contributor ( without Covid) but will never exceed this.
HOC, better than nothing and that’s being generous.
Tema, not in any sense transformational- v poor.
The disingenuously written broker note ignoring the massive defect of transshipment thereby recking its “forecast” is worrying.
This needs a clear GP rr of £5m plus to lift it out of the current crap and the warrant overhang.
If they do it , I’ll be shocked but worth my small punt now at 50k at 3p

From advfn - plonk 2m on the ask - keeps the lid on as traders turn on each other - could explain the malaise - I'm sure Invesco would lend shares for some pin money!!

Interesting that shares on loan have seen quite a spike in January according to the Euroclear data. It was only 3m shares in total (month average), so less than 0.5% of share capital, but if the near 2m additional shares were sold into the market (i.e. supporting a short position) then it would be a bit of a headwind for the shareprice. Someone trying to front-run Invesco? Aug 0.7 (million shares on loan month average) Sep 1.0 Oct 1.0 Nov 0.9 Dec 1.2 Jan 3.1 hTtps://my.euroclear.com/apps/en/monthly-stock-loan-data.html#month=eq:1&year=eq:2021&limit=17&search=1&order=asc:abbreviation

It was clearly a leak as it went up 25% over the last 3 days and now the little crims are banking their ill gotton gains

****e world sometimes

Rumbled - agree - v strange.
Clearly the US knew 3 days ago - lmao!