Member Info for K3VMC

Biatius

“ People bought in today are officially locked in.

I expect this to go below 2p for starters”

That post is less than 24 hours old. It hasn’t aged very well, has it.

With that posting history, with that lack of perception, your version of history is totally irrelevant. Keep waiting for the 1p entry!

1,317 trades at a value of £7.6m+.

Unless hundreds of PIs choose to sell at a loss, there is no way that the sp will retreat from here. I don’t think even a tree shake will have any effect.

Derampers are delusional.

Stas20, I agree with you.

I think news will come within a surprisingly short time. Almost indecent haste.

Newbie2024

“ To pump this scam/sham”

Ok. Thanks for explaining that. I had no clue what you meant.

“It will settle at 2p once the new shares hit the market as we all know”

Have you not been paying attention? The shares hit the market at 8.00am Where do think the 300m volume comes from?

So, since 296m+ shares have traded at 2.24p, there is ZERO chance of it going to 2p.

“You were calling it a bargain at 4p”

No, I wasn’t. I knew MATD was an oil company, but had no clue where it operated, until I talked to my broker, about another placing, at 3.15pm yesterday. I had 45 minutes to decide, but I took the placing as it seemed an absolute no brainer. 40% discount to get MATD into production?

Yes, please!

“Remember your history is there for all”

100% agree with that. Now show me the evidence please. I’ll wait.

Newbie2024

“ Desperately trying aren't you”.

What am I desperately trying to do? Intriguing!

Doc83

“ It's almost like some form of underwriting going on from the brokers here, holding the price for those that want to stag their shares taken up in the placing last night and take a quick 10% profit. Hopefully, once this overhang of sellers is gone, they'll let it loose.”

According to my broker, all his placees that wanted to sell were out at 2.25p. I’m not sure if there is a read across to other brokers, but his opinion was that the placing price was low enough so it was oversubscribed, the fast money was happy with 8-12% profit, but PIs were happy to pay 2.25p to average down, or to buy a trade, or to hold.

That’s the natural dynamic that held it at 2.25p for so long. Now we move on. Placees still holding will become more interested in selling as the price rises, plus there will be profit taking.

My view is that we will have news within two weeks and the sp will be back towards 3.5-4p.

Just imho.

Honest_money

“Why would you buy now when the retail offer is 2p?“

There is only £400k on offer. Since I know one placee who took £100k of this placing and others, together with myself who took another £120k, the scale back will be massive. For sure.

Singer and Shore Capital both moved up to 2.2p. Only Berenberg left on 2.25p.

Tick up before lunch?

SANTIAGO666

“ Hoping to get in at 1.75”

I can on try to cheer you up. It must be truly miserable, sitting there, hoping for an entry that’s never going to come, while hundreds of investors are loading up at realistic prices.

My sympathies are extended.

Thanks for sharing.

In other news, POLX is 100% up on last months placing price.

This is being bought much harder that POLX was on day one, so it’s looking good from here.

Imho

1m buy at 11:08 above the ask.

2.26p

Let’s dance!

Doc83

“ Cyber - probably right. But also bear in mind that Petrovis took part in the last raise at 2.5p, and are currently underwater with those shares!”

Yes. They didn’t sell at recent highs and now they are averaging down.

Clever fellows. That’s the difference between IIs and PIs.

Most of the placees have been worked out at 2.25p, so I expect the sp to be walked up now, as there seems to be demand still.

Jazim.77

No it’s not right. I got 75%. Not 67%.

Have a nice day.

Jazim.77

“ I wanted to know what that "pre-emptive allowance" level was.”

It was zero

Doc83

“ I suspect this time you will get less than 67%, but I'm guessing.”

75%

Jazim.77

“ My question was: what was the minimum level of shares everyone was offered ABOVE which everyone got 67%?”

My answer is, there wasn’t one. The conversation was, “How many of these do you want?”, to which I replied with a number. Today my allocation was 75% of that number.

LTH have enough funding to get to significant production. So, even if they bought in yesterday, they will very soon be back in profit.

The placing was well over-subscribed and many placees are happy with their 15% profit for one day’s “investment”, but those sales have been eagerly taken up. Sellers and buyers both happy.

Even I’m happy as a placee who is holding.

Jazim.27

“ Those of you that participated, could someone please tell me what the "soft pre-emptive allowance" level was?”

I was scaled back to 75%. I’ve decided to apply for the 25% in the retail offer.

Ibiza28

“ Infuriating as this is especially for us LTH i think the churn will not take that long and yes the exit price will now be 50% less because that is what the shares in issue has increased by”

I agree with you about the level of news in the near future, but you should probably revise your arithmetic.