Member Info for K3VMC

Jarv55

“ You pay for a placing on a T20 the shorts that didn't forward sell can use the profits from the short to buy the placing shares.”

Placing shares have to be paid for on or before settlement date.

Everybody knew there had to be a placing, but the confirmation came about a week ago when two large sells went through at the close of play.

Well connected PIs, aka HNWIs, are now back in on the placing. I don’t expect much selling under .15p, but that’s just opinion, of course.

Smoogle

“ Thought there might have been more interest in IOG today with so many investors leaving BOIL”

Is that the BOIL that has had £47k sales and £29k buys today?

Sp has broken back above the 20 day sma, which crossed the 50 day sma in October.

Looking very good now.

MickR

“ Massive buying going on, news due?”

£12k? Disagree.

15p. Maybe 15.2p.

Looking good for a break out.

32 minutes on the phone to get IG to cancel my order to but 10k. I set a limit of 112p because it was NT at 111p.

Frustrating call, but managed to get 2 x 5k executed just under 109p.

Still hasn't executed. on phone to them now.....

After 18 minutes......

Zzzzzzz.....

Yes, time to get back in. 111p

Sorted

ART123

“ Beware, a new yearly low of 20p yesterday. What's next? 10p?”

No.

RSI up from around 30 to around 40.

I expect Zak Mir will have this in his BBH podcast as the chart looks very interesting.

Moleinahole, yes definitely lucky with 10.2p average and it makes a nice change for me.

Just this one, I’m going to agree with NOLUPUS.

Mostly, it says to me “We said we would redesign the protocols, based on FDA input. We still haven’t done that. In fact, we haven’t decided which direction we are going with that. Try not to worry about our cash, because we may get a job selling for Avion, on the side”.

Still, at least the bod knows we are still here and we know they are still there.

9p 30k
9p 30k
8.2p 10k
8.5p 15k
11.8p 50k
11.4p 40k

I had a load more that I sold at 12.55p. Bought at various prices. I sold them to take a placing.

I’m not thinking of selling any under 20p, but it depends on what else comes up in terms of placings.

Moleinahole, at 40p I’m not sure I would have been a big buyer in IOG, but given the massive drop, I couldn’t resist piling in from 8.2p.

No disrespect to the previous bod, as I had little experience of them, but I really like the new bod and the way they are going about things.

The company presentation has been updated already. It does seem like the new guys are on the ball, competent and maybe even going to have good communication with shareholders. That’s pretty good for AIM, I think.

£36m in the bank as of October. Very happy to hold at least until A2, A1 come on stream.

DYOR, as always.

MickR

“ I was speaking to a lawyer mate and apparently the company's consent is required for a charge to be issued over a company's shares.”

Which company are you talking about? BEN doesn’t have to give consent for anything.

“ This all stinks to me despite the company's explanation.”

I can’t help you there. No-one can.

Well, looks like the management is dynamic and getting on with the job. Gas going to come thick and fast by quarter end.

kopfkissen

“ My question would be why did we get yesterday's RNS in the first place ? Couldn't the company have done some checking for a day, as they obviously have done after the RNS, and then they would have realised the charge was unimportant and yesterday's RNS would not need to have been issued.”

In short, no. They were made aware of the facts, they reported the facts. That’s as it should be. Investors who panic sold are solely responsible for that. That created a buying pop for those who realised there was nothing sinister in the charge, which they took advantage of.

That’s what makes the market.