Member Info for JohnLewis79

cellis you have lost me!

Initially Woodford will have to pay the employees and management their wages. Last year this amounted to c £558k pa for the board and £538k (basic wages) for employees. So say c £1m + extras for performance social security costs etc... How much savings can be achieved I don't know but ball park might be 30%+ over a year? Incidentally employee nos at year end '16 was 65 (+2) on '15. Any left over would be aimed at P4+ (nearing completion) and production & developent c (£3m in'16)...for P5. Whichever way you look at it it's tight. How far will £5m take us? (No accounting for CPS monies). Guess work to P5 and FDA sometime in '18/19 with a poss raise we could do it? Thereafter no idea. P-K you have enough info to make a decision, (a hell of a lot more than when Del invested) so don't dilly dally. You have till Friday so could be cheaper yet...or not? I think they are worthless (until proved wrong) the market attaches a zero rating we could have 500m+ outstanding and disappearing into a black hole of a private Co worries many. As minority holders we will be at the bottom of the food chain but I'm guessing here with perhaps 30% of the Ords we won't be entirely insignificant. Have a pleasant day. ****e diem pk!

Evening rev...Yea the other place took up much too much of my time and emotional dependence these last few years. Have to say we were very lucky with the posters who to a man were well reasoned, knowledgeable and polite. We deserved better than what Sphere finally dealt us. I'm a bit disillusioned with shares at the moment and after my recent body blow it's time to call it a day. If I ever had any touch it's deserted me and my confidence and nerve has duly suffered. I'll keep an eye on Zam though probably not post anything of interest or sense, so will leave it to you rev to keep us informed.

Agreed Del...your summary a more reasoned view than my hyperbole! I must learn to 'not get carried away'! It's the celt blood in me....

No no...Def not trading it down to sub 4...possibly... No a lth of between 3-5 yrs... as it stands now your betting on red or black. The sp has long since had no bearing on the Co value apart from putting us in the knackers yard! Jeez 6-5-4-3-2-1 who gives a osst? Why on earth should one attribute a value to Sphere on the brink of going private and zero sales? It's worthless guys...get used to it. Would I believe a 10 value?...No! Would i believe a 10 value in 5 yrs?..hmm not sure given the poss huge dilution. For obvious reasons, we're heading into the darksphere and nobody but nobody knows the state of play in 2020 and thats even if we're Stateside which is a very very long shot probably 33/1. So way too many doubts to be sure of anything. So im hoping those hospitals that have completed their tests are about to place orders for P4 to keep us ticking over. Cannot rule out that they may prefer to be luddite about it and stick with the b/top technology. The UK ain't got with the programme...(no surprise there) Europe ain't got with the programme...(big surprise there?.... well maybe not considering those NEDs (jobs for the boys) were a waste of effn time!) So why the uckf should the US even give a failed UK start up the time of day?

P-K Returns...you might be better off punting red or black down at your local casino...? Value as far as Sphere is concerned is very much in the eye of the beholder, I see value but lots need to go right and i certainly wouldn't give you advice or a tip as I don't take my own advice! I'm factoring in 3-5 barring any offer So are you prepared to tie up £500 for that period? If so it's no more than a 45/55 bet imo, talk of this being a multi bagger are wide of the mark imo. I'd be very happy to break even given the huge hurdles ahead. There must be better opportunities/ short term punts elsewhere! If your at a loss as to what to do...go with your gut feeling...worked for me in the past....obviously not bloody here!

Highest vols ever c 40.850m over c 247 bargains, shares u/c over wk at 0.675....for what it's worth...... not a lot. Pleased I won't have to bother commenting on the decline of Sphere anymore! Have a good one all.

Morning Del...so keep the buggers in the dark...eh? They are now truly a law unto themselves. I'm mega issped off that we have not heard of any management changes! Easy way to find out since this is obviously a State Secret....ring up Sphere in a months time and ask for Dr Rencken. The operative word now is 'privacy' heh heh heh!!

I wasn't surprised that LSP stayed on board as they were one of our longest holding iis. Ortho was. I kinda assumed they'd be gone along with the others. Inc Winterflood (new) iis are in for c 65%. Ortho & Winterflood might purchase the CPS can't remember whether LSP declined or were part of the whitewash? Whatever some 18.55% of outstanding (26.040m) voted FOR and only 250k for NO. So unanimous the 1/10 on shot coming through. You will note that anytime in the next 18 months (from cancellation) you will be able to trade your shares through Sphere who will assist you in finding a buyer/seller... but that's it. Not sure why it's limited to 18 months but can guess! I think there is still one outstanding piece of business to conduct.....the H/Y report. Anyone think we'll receive this before delisting? Or was that it?

I most certainly did. Of course it ain't over till the fat lady sings...so there is hope even though I may not be a beneficiary. Tomorrow when I have calmed down I might be able to view today's events slightly more dispassionately or certainly with a less jaundiced view. I think on reflection my bigest disappointment is that I have been so consistently wrong on this stock always giving the bod and the device the benefit of many of my concerns...it will turn out okay...hold for the long term... Its the NHS....done down by the system...no sales....Rencken's strategy will pay off, etc etc..when the sp was screaming sell out I was av down to extinction. Not clever! C'est la vie. Tomorrow I'll be back to my bullish self and all's right with the world.

Quite a bit more Del tbh. I know the remit of the meeting was narrow and they probably were not much interested in commenting on anything else. Tim might have something to say about that? However and I'm probably fantasising here I'd have liked to have seen some management changes announced..... at the very least. How is one expected to proceed from here? Is it on the basis of "we're going private and if you don't like it... ubergg off" From the tone of the RNS I'm not expecting any further news and that's not really good enough if I'm to be locked in for the next 5+ years. Cashing out at a huge loss (for me) appeals more and more that is one option. The other is to transfer my shares to family so I can be rid of this for evermore. I have spent far too much of my declining years wedded to this stock in the vain hope that someone somewhere knew Wtf they we're doing. My fault, despite my real doubts I let my heart rule my head. Let that be a warning to any younger investors in Sphere.

You see, here I am a**** one or two other deluded souls banging on about a brill device akin to the MOB (in the BGA field) which should have had a stellar future...and nobody but nobody GAF! W&E, the bod, the Medicos, dumbfounded investors, NED's (what did they ever do?), Concillium (what did they ever do?) I'll try and think of some others... no bloody wonder this Co is for the knackers yard....as far as your holding is concerned. Oh well I have run out of puff now too downhearted to think straight so accept my rantings as from one irate issepd off holder.

Yes of course...also licence it out and we become royalty earners for ever and a day...Lots of options but whose there to make decisions? God knows? Why has this Co not been put on the front foot from the end of the meeting? Why are we interminably questioning management decisions? Why are we always seeking answers? Why do we never get straight answers? Why the uckf do we bother?

Hugely overvalued given the secretive RNS. But then again who really cares? The fat cats on the bod certainly don't, W expects to pick this up for next to nothing...which he will no doubt when 99% of pis have been shanghai-ed by inept, cretinous management. Serve us right for not seeing the writing on the wall at the last OO! I blame myself for being far too optimistic that Rencken, who had a track record would do the business. Well he sure bloody did that!

W&E...why put £5M into this wreck when you could offer holders 2p? C'mon Neil get with the programme. Give us some hope to dump this worthless share. Oops you don't think it's worth 2...your bloody right mate!

PK-returns...For sure...it ain't the device it's the idiots running this outfit! WTF is Woodford doing? Oh yes he DGAF!

I dunno why I'm ******** about the sp...the Co is worthless! So is that it? Vote passed and SFA else? I suppose the board have no idea how to proceed from here, no surprise there, in fact they are deliberately not encouraging any further share buying given the drab.... short of info RNS this afternoon. Undecideds will bale out en mass imo. Anyone thinking an offer is coming our way better duck cos it's going straight out the door!

Think I'm gonna check if I've been miss- sold sold PPI...? I might rescue something from this car crash!

Shares tanking and rightly so. Cannot think of one good reason to buy given the cloud of secrecy engulfing this stock. Brilliantly managed by our Lord and Master Woodford!

No movement in shares. Nothing on board changes...nothing on future direction....shares should trade at sub 6. What a joke!