Member Info for JohnLewis79

Sellers taking 1.00 atm...

Yup pa- richards that's the risk. One must believe that our future lays with FDA approval etc...do you buy into the story? Is the grass greener over the pond? Maybe they can off load the Co in a couple of years?

Cheers Del..I'm awaiting info from HL as to our status in a private Sphere but pass on my thanks to Waterloo. I certainly can't afford to take up the new offer so do I sell out or chance my arm that P4 (+) will take off sometime before 2020? Gut feeling is stick with it but depends on a nos of factors....settling debts, the resolutions being passed etc...

Indeed...Del! In the shareholders best interest? If I am to be wiped out and then told I can invest in a new private Sphere I fail to see thats in my best interest at all. Essentially we need to know whether our holdings can be transferred into the "new" Sphere in some form or other or not? If not you have to sell before the cut off / delisting in Sept as they will he worthless. Be interesting to see if Woodford off loads his 40m shares as I believe I am being forced to do! I checked TD but they have not reacted to today's news.

Final thought..whose going to buy my shares tomorrow in the full knowledge they will be cancelled in Sept? Not much point is there? Your hardly likely to make a turn are you? Regret not checking out my status on the off chance that this might happen. A strong possibility I will lose 98% of my money and they want me to invest yet more!!!! Not a bloody cat in hells chance.

Mrs B will be on to HL first thing. I'm an execution only client. Mrs B gets preferential treatment. So I guess the question is if I don't sell first thing is my investment down the tubes? Does that apply to the 145m shares in issue also? Can I transfer my holding into the private Co at the 2p cum prefer offer? If there is no mechanism to allow this or similar then it's corrupt on a grand scale as the Co is not insolvent given Woodford & Co agreement to subscribe.... should the vote go through. But I fear Del is right sell tomorrow or lose 100% of ones investment. Should that be the case who in their right mind would take up the new stock?

Are not the bod voting their 0.8% into the private Co? Why do that if they are worthless?

Ring your broker first thing! Is Woodford's 40m shares going into the toilet? Are the other iis losing out? Very confusing. Find it odd that our shares would be disenfranchised just because of going private into a profitable Co! Is that fair? At the least they should have a value of the 2p proposed. I dunno I feel sick.

Jeez if your right we are scuppered. That's a horrible possibility.

I know one thing for sure a long sleepless night ahead! Don't forget amid all the gloom we ain't bust. We are not another AMI or London that went belly up and holders lost everything. Were still breathing and when I get over the shock and stop shaking I can see some positives from de-listing which lth will know I postulated last year....Mind I never thought it would happen.

I'm reasonably sure you can sell on a MB basis in a private co but don't know the mechanics. After all private companies pay healthy dividends to their holders. We are just reverting to the pre IPO company so I would think our shares would have some value. Woodford seems to think so.

DB...pretty much it methinks. Poss the shares could be suspended first thing...if not don't expect anywhere near current sp and look to taking a thumping loss. Guess on balance they will open allowing investors to bail out but at a price! I shall obviously throw my lot in with W&E as my only chance of ever getting some of my money back. I have 90% of my savings in this stock (Whatta MUG). That they didn't mention anything about P sales etc was odd at least they didn't say that sales were so poor there was no future for the Co! As a private Co Woodford & Co can put in more cash if required (he was exempted this time else he'd have had to bid for the Co). That he has done so this time tells me that P still has a future and management changes will happen. Never had shares in a private co so am guessing as to how us pis stand. I assume our rights etc will be protected, other entitlements (reports etc) will be as a listed Co. Just maybe and it's a big maybe Sphere could be a massive recovery story 2-5 years down the road. That's for the birds atm. Our survival and only hope of a resurrection is to vote for the proposal. No choice other than to sell out first thing and I cannot afford to do that. I think the choice is that stark. For those staying on board we might need to arrange a form of communication following delisting, mind you I think most have had it up to here re Sphere so poss a "not so good idea" Look at it this way the market never gave this Co an even break and most likely never would have so who knows this might be a blessing in disguise....as long as I can live another 5 years that is!!! Jeeez!

Shudder to think what the price will be tom....not a lot! In a private co I guess it's on a matched bargain basis and that's fraught with problems. Woodford truly stitched us up. I wonder what happened to those interested parties? No idea how one fares as pis in a private co scenario. The scaling back of operations is a negative and looking to the States will need a lot more cash than current. Gut feeling is its too late to sell now so might as well throw your lot in with the resolution to de list and start praying!! Companies have de-listed gone private and relisted once re-established. No doubt without the constant glare of the markets Sphere could be much nimbler in its operations....W&E are happy to cont with their support not that they had much choice or rather those were the conditions they insisted on to cont support for Sphere. Not the outcome I envisaged for one bloody moment.

Gobsmacked!!

Of course for chart watchers there is little to entice one...the 3/6/9 month /1-3/ year graph look pretty dismal and I would have to say this looks proportionate given the last nos. I have already reduced and intend to exit shortly as the vibes are just too negative for me short term. It's a losing position but c'est la vie so will be keeping an open mind whether to rebuy down the line. Some stocks just never get a break and the recovery is just way too long for the average pis seeking a turn however small. Zam was a poor selection on my part however bullish I was at the time it has not worked out and I have dallied way too long here. Best to the few posters who still hold in hope...Remember how ever good the nos are....don't mean diddly!...Old lags know this.

Another howler for Woodford. RM2 (AIM) maker of plastic pallets with a high profile Board of Directors admits to a series of catastrophic errors after ploughing through £130m since listing 3 years ago including a recent funding round of £10m. The IPO price? 88...Current?6...See any similarities?

1/3 of last wks vol traded and 2 less deals (5) what a sorry state of affairs has befallen this share! We actually hit 100 unchanged sp days today on a paltry 56K traded over the wk. Nothing to encourage even the casual passer-by. Wk 34 (last) stock opened 9.75 & closed 10.75 on vol of 432k / 16 deals. A 200k sell was noted going through at 10 but buys were marginally ahead on the wk. No Co specific news to excite holders.

Expect a poor opening in London on follow through from the Dow (-274) and falls across Asia. Spain & upheavals in the Trump camp add to the sense of dislocation, his presidency in disarray Trump needs to get a grip and quick. The market has backed him so far but even they cannot suspend disbelief forever. I have an idea for another stock just a question of whether I go down the debt route or not. Cannot reduce here that's a non starter! No Rns news, daily it looks as though funding news will accompany the H/Y report in Sept so could be 2 or 6 weeks away someone will tell us no doubt!

Cash in bank will be the highlight and what they propose to do with the money. How much of the pools nos will appear I'm not sure but c 5-6 months at a guess. Whatever this is a new beginning for Spo a chance to build a new business with huge opportunities longterm. We just need to see the board having a vision whether by organic growth or via acquistion(s). We cannot stand still.

.......I should have added that past holders most likely have better things to do than waste their time and money here in the 90% club of losers! Fair enough. There are not many mugs like me about!.......I'm clinging on to the presipice the avalanche gathering pace....will it pass us by or wipe us out? ...