Member Info for JohnHenry

My guess is Amati are selling down further.

As the SP is hitting daily all time lows there is no indication of a support level.

Ironknut posting on POLX my guess its complete garbage lol

Churning of the placing shares continues, once again you can buy below the placing price.

Worth noting there is also a significant seller in the market.

As i said earlier in the day.

Predfan 6 weeks on from the placing, placing stock is still being worked through.

11p seemed a huge discount at the time but looking back it was placed about right to clear.

Any higher and i dont think they would have found the retail buyers to clear 90M of placing stock.

Investor meet company

some sizable selling still, i can only guess there is a back ground buyer supporting the selling.

Fridays presentation will hopefully put more meat on the bones.

However imho they do need around £10M to extend the runaway until mid 2025 by which time meaningful revenues are being generated.

Unfortunately £10M at present is half their market cap which would mean giving away 50% of the company in any partnership.

An absolute bargain for the partner, however a disaster for LT shareholders that have funded the business from IPO.

Neon i dont disagree that POLX have got themselves into a dire situation re funding until meaningful revenues start too flow. Probably the main reason RH got moved out.

However the are a few alternatives to a placing, partnerships being one of them.

I dont see them having to go down the Death Spiral route.

Maybe worth putting that question too the CEO during the next presentation.

Check out their Website for a list of II holders.

Bracco imaging will imho a take a significant stake in the company, b form a partnership or c. takeover POLX.

POLX have excellent ground breaking FDA approved technology, which will eventually replace the 40 year tech currently in use. A 50/50 partnership is the only way i can see POLX being involved.

Imho i can see POLX being taken over in 2024

Neon i suggest you read the RNS

"Our new focus will also result in reduced operating expenses going forward which allows us to extend our cash runway until the end of Q2 2024. All our initiatives are guided by our belief and desire to revolutionise pulmonary and cardio-pulmonary medicine."

Marked down due too more possible delays.

Has anyone any information on whether the Indian steel producer extended its contract with BEN beyond July ?

Hereshopin that was the case last week and i felt the churn maybe complete however that was not the case and more placing stock appeared for sale.

MMs have been trying to clear above 11p however the buying volume has been slowly drying up hence the offer is being lowered to clear. The last of the placing flippers/traders are having to hold or sell at a loss.

700k went out at 8:40 evidence placing stock still being worked out. Aimho