Member Info for JohnLewis79

If so...they must think they have time on their side. The complete opposite of what I think. We cannot ipss around another 2 years without any sales. Disaster lurks round every corner ffs! We need as many hospitals as poss using and getting used to P in a 'live' setting. Jeez were not going down the boffin route instead of the brawn route. Get selling the bloody thing for chrissssakes! How difficult can it be?

Well your more bullish than me Del! I think my brains have been scrambled and cannot think straight! My confirmation bias of the worst case is strangely comforting! Long shot, that come the EGM, is that whoever is in charge gives the mrkt some bullish news to move the shares upwards to 2.822. Any news of more hospitals buying into P4 would be very very good news! We would have had 9 months of sales by then so a good time to update one and all.

End of day guys...if you have bght or are yet to buy the sp means very little imo. Topping up to mitigate the 5x dilution (min imo) down the line might be your main concern (amongst many others)? Forgetting all the risks we think we know and bet your life we'll probably get screwed in 2+ years time any invstmt now is fraught with danger. Do you chance a massive dilution to your holding now or wait for a wipe out in 2 years time? I'd rather have a 0.005 % of a first foal foal from Frankel.... than take this bet. Regretfully I missed that one, so here I am believing in miracles and relying on loads of imponderables to come good, did they ever? So the odds stacked massively against us which most of us have factored in (look for 33/1 against). Anyone who thinks we can get traction in the US for another $20m needs their head examining....look for $50m minimum. Pray W & E are still up for it!

Wish I could be more positive but who the hell knows what goes on when your dreaming? PS. I gave up dreaming about P 20 years ago! Palace crocked, Sphere crocked, boy I can pick'em!

Here's something I dreamt last night. £100m w/w sales by 2025. Profits of £20m. Eps of 3.. Sp of 40-60p.....heh heh heh!!

As mentioned on another BB I have sold out here owing to unforseen problems elsewhere. As I put a relation of mine into Zam I intend to act as if those shares belonged to me. I shall not in the near future be rebuying Zam. I felt it best to be up front as I do not like talking about stocks I do not own or have an interest in. I did advise selling out at 14 ish but they took a different view. I hope it turns out well.

Considered that myself. Del posts there. Not sure there will be much to talk about although as a private Co they have to issue reports etc within 90 days of the H/Y & F/Y nos...I believe. It's somewhere in the delisting papers. Lse might keep open the bod you never know....

Not taking up the CPS/Warrants is unattractive imo especially the warrants. As an ordinary holder the CPS holders will take preference only in the case of cash / share dividends. I'm not interested in either. Should we ever receive an offer all classes of shares will be ranked parri passu.

Not putting in more cash = more dilution.

Being bullish or optimistic about this Co has cost investors dear! I see no reason to change my pessimistic outlook. You may ask.. "Well what the hell you doing staying in?" Simply Woodford has skillfully backed me into a corner. He knows full well most pis are loathe to sell out crystallising big % losses and likely will become reluctant sleeping 'patsies' he can manipulate at will. I don't like the situation one bit but have to trust W has his interests and those of his holders at heart. I'm under no illusion that if P's forward order book (17-19) is bare he will not hesitate to pull the plug.

I'd like to clarify my position here. I am out now owing to problems elsewhere. However I have several family members in here on my advice, so will be speaking for them. I do not personally intend to invest owing to the fore mentioned but will post as if their shares were mine. I mention this because I find it wholly inappropriate to comment on shares one has no holding / interest in which seems to happen on a lot of BBs

67-74...10% spread...n-i-c-e for the Barrow boys!

I think that answers your Q... PK-R any dealings in the Ords will be done on a MB basis.....if you can find a buyer who will pay the price you want? Will you be able to value your stock given your unlikely to see the nos until year end '17? I could be wrong but didn't I read no dealings within first 18 months?...could be wrong on that score as well. If you sign up its a long long haul, a min of 5 years before any chance of re-listing imo, so perhaps a private buyer might appear...another long shot....who knows? I'm not expecting this Co to suddenly be inundated with orders when we have had zilch since '14! My advice expect the very very worst because that's most likely what you will get! My avc is 10 will I ever see that? Tell you what I'm not holding my breath!

Morning rugs....As I said these are lse nos etc...so pinch of salt! Even the 32% traded might be well off. You'da thunk in this day and age the trading vols could be relied on! Strange how you can rely on absolutely nothing when it comes to investing in the London Markets. Your better off trying your luck at roulette at least you'll get paid out exactly what the odds say, unlike investing in a Co that has had £70m invested in it and is worth zilch, nada, not a bean or red cent!....

In connection with the CPS / Warrants which can be subscribed for by 4/10 who is going to value your 2.822p warrants? They are tradeable up to 31 Oct 2018. You would hope they be 'in the money' but without the mrkt making a price your taking a lot on trust!.....oops taking everything on trust here! Warrants / Options can be very profitable but the one year exercisable date is limiting (Co warrants often last well over 3 years) how far will Sphere progress in one year? Do you think they will be in or out of the money? Not for me.

I am doing my best to stay cool calm and collected (to do otherwise is pointless) in the face of the collapse of the sp and confidence in Sphere. The management have questions to answer which hopefully those attending the EGM will ask. How on earth did we reach this position? Was it that hospitals refused to buy P. Did they say "we want P4/5 and then P6/7/8 etc..?" Was the sales force not up to it? What exactly did the NED's do for Sphere? We ran out of cash rather quickly? Why could we not raise any cash in the markets, that has not been explained satisfactorily? Why has Roche, Siemens etc not bid? Expressions of interest have evaporated alarmingly...why? Why did Sphere not make it onto the Pref buy list? Why no update and any indication of progress of P4 since Dec? Why the 8% CPS shares & £5k min? Why not an OO at 2.822 or similar when we were stuck at 6? (0k we know that one!). That's enough for now, my other comments would be libellous!

Strange trading continues in Sphere at 5.00pm yesterday the total vol was 3.424m split c buys (2.258m sells1.165m). Late trades pushed the TV up to 5.660m (buys 4.495m sells 1.165m). Of course these are lse figs..Anyways TV last 2 days is 9.5m split buys 7.3m / sells 2.2m. Whether this means anything is a moot point it could be those under the 3% finally throwing in the towel & a lot of churning. Nevertheless the mm's supply of stock is never ending. Ball park fig is 46.5m (32%) traded since 22/8. No doubt this one way slide will cont until this sorry episode is put to rest.

Agreed Del it's all very hush hush from now on in to last dealings...not at all how it's supposed to be, but heh ho keep the huggers in the dark. No poxy forms but HL did it for me over the phone. A YES from me.

Sphere don't do dead cat bounces or any other variety in my experience. The current sp means zilch imo and is just a vehicle to trade your way in or out. As to representing any value left in Sphere? No. Noone knows how to assess that and pointless trying. Suspension was mooted but with the iis desperate to exit that was never going to happen. I tend to agree with a-2-b this will drift to next to nothing by last dealings. Anyone buying now or lower is highly unlikely to pay 2.822 methinks!

As if you don't have enuff on your hands!!! As to further invsting that's me lot. I'm out my other two (1up/1down) to buy in here avc 10. I'd have liked my avc to be 5 or better but ....no cash. I think we'll be pulling up stumps on this BB following last dealings. I have not heard from lse regarding my proposal to keep the BB open so you never know we could still communicate on Sphere and other matters....