Member Info for JPP8788

Ralph have a morning off...

Selling into volume, same as Peel.

Need liquidity to get out, just risk management.

Tennyson read-through value at $175 = 37.35p

Current SP 2.4p

15.5x discount

I fear that this is getting very complicated, very quickly. Fingers crossed we're onto something that is profitable and has an organic growth mechanism.

Well i think we'll see a lot of people wanting to get in on open given the nasdaq activity and also the chance that peel are out, or very close to being.

$170.

Perfect storm coming...

Peel out, $WSHP pumping.

4.8m sell at 2.1 explains the worked drop.

Takes volume over 30m for the day - Peel gone?

Some more quick maths for anyone that's bothered.

Peel held 80,692,281 and we assume they started selling on the Monday 17th. We know that they had 63,496,317 by the end of the day - so disposed of 17,195,964 throughout the course of that day, from a total volume of 49,069,167 - 35.04% of the total volume that day.

Apply that metric to the total of the last 6 trading days (including today) - 239,658,235 as at 3.50pm (not inclusive of any delayed prints from today).

35.02% of that total number is 83,926,252 shares - more than Peel's holding.

Very clear to me that Peel are nearly done here.

Trade ending 371 printed...

Peel out?

Its entirely possible that some or all of the £5m will be utilised to buy further subnets. Imagine 2 or 3 more subnets all making the same amount of daily emissions as 127.

I do find it odd that 127 was renamed and rebranded SigmaArena and now it seems like that will change again to Astrid Axis. I dont fully understand whats going on here now, and I think that's part of the wider problem.. investors and potential investors dont really know what they're buying into.

It looks profitable, sure.

A quick summary from me below:

Peel held 18% on Monday morning, and we suspect they are offloading all their holding. If so, best case estimates using a 33% sell-to-volume ratio suggest they may have around 10m shares left - we are looking for a trade ending 317 to confirm their exit in full.

Peels selling pressure, combined with the fact that we closed flat on Friday vs Monday morning suggests a 50/50 buy to sell ratio. We know Peel have been selling aggressively into volume (they disposed of 32.1% of the total volume on Tueday). That means that the remaining transactions were 3 buys for every sell. Proof, if ever it was needed, that this will rocket once Peel are out.. especially given we can buy at the week low.

The directors and company have been silent since IPO - odd in some ways, but also could mean something is being worked in the background. They'll have known about Peels intent to reduce, so news next week combined with Peels exit could be a huge catalyst.

$115 per $WSHP share represents 10x arbitrage/discount from these levels..

The $WSHP price dropped from $170 to $90 on low volume... how can this be? How can a company drop a billion dollars from such low numbers of trades? One explanation would be large off-book sells - but we think all the large shareholders are subject to lock in so how can that be?

In summary - Peel are nearly out, the IPO has been a huge success, and we are due news.

One thing is clear - youre far better buying shares on Monday next week than you were five days ago. Peel reducing from 18% to 2/3% is absolutely huge and as soon as they're out, traders and investors will pile in

I reckon Peel offloaded a BIG chunk on Thursday (the biggest volume day) and so I think they maybe have 1-2% left.

Peel didn't have 80m, they had 63.5m

That's a third of all shares traded this week.

Sounds like SigmaArena is being replaced/renamed Astrid Axis?

Just checked... weekly volume is 214.8m shares for Monday to Friday combined.

If you consider the 32% to be Peels daily disposal rate/target, then the maths are absolutely crucial.

214.8m x 32% = 68.7m

What was Peels holding on Monday morning? 63.5m

I'm going to predict a better week next week.

"or to an Affiliate of the Shareholder provided the transferee agrees to be bound by the same Lock-in Period"

So they can be sold to an affiliate as long as they're prepared to take the lock-in? Interesting

ProfitSniffer - we've had a tete-a-tete along the way, but that is a fantastic post - great research

I wonder if Peel are restricted to selling no more then 33% of daily volume. Would explain a lot. As soon as there's a decent amount of buying, a large sell has marked it down.

Selling 32.1% of all shares traded on the 17th is a ridiculous amount and explains EXACTLY why this hasn't moved.