Member Info for KennyJ

I think the percentage reduction with both those people is due to the increased number of shares in issue, so they now have a smaller percentage of the overall total. They had a very small amount, like 0.45% over the 3% threshold, the latest round of new shares added to the total could certainly make their shareholding below the 3% holding threshholding

Prob not due to selling at all.

Dr C is investing here because he must know that CPX has something that's going to be sought after in the future. Is it a patent? Or maybe something else, no idea. But clearly he knows and perhaps CPX management doest know either.

Is how Dr Cooley can buy the amount of shares that he has, at an all time low price, that's never been seen before. So any sellers must have been selling at a loss, which is difficult to believe, given the amount and the inability of his considerable buying to drive up the share price.

The other scenario I can think of, is that the Dr had been buying shorted shares, which might make the future interesting.

It's thos type of behaviour that is leading to the death of UK markets. AIM and a lot of the main market just isn't an investable place anymore. Companies like this have their value destroyed by shorting activities etc, it's no wonder why many leave.

I am no longer putting any new money into UK shares, its just a way of losing money. With interest rates now you are much better putting it in the bank, you get some gain and your original amount is much safer.

Why settle? Simple. The company Directors have a legal duty to run the company as if it was "going concern" and they will continue to do so, until such a time that it ceases to be a "going concern"

It hasn't ceased to be that so far, but the directors have a belief that, if certain things don't happen, I.e find raise, then the company will no longer be a "going concern" and be placed into administration.

I think so many people that trade in company shares don't even understand the basics.

The other misconception is that the rubbish spouted on an irrelevant chat forum has any impact on the share price.

It's the big players buying and selling, or using other market tools that dictate that, not a few petty titles for tat arguments on here.

Let's not get carried away , there was never any risk that the settlement was going to be expensive, that was stated in n earlier RNS. Administration risk has not gone away.

The bit that is interesting is that the non material settlement amount is not being disclosed, which makes me wonder why, what is it in that deal thats confidential.

Maybe a glimmer of hope, but the administration risk is still there until such a time it either happens, or a solution to avoid it is found.

There's certainly an RNS on the way, whether it's wonderful remains to be seen, I expect the worst tbh. Time after time this share has been a disappointment at RNS updates

I think if he is adding any more then its going to be via a placing, that he is currently involved in. There would be no point in him buying more in the market, driving the proce up, then receiving less share of a diluted company at a higher buy in price.

At least that's what we should hope for. If the company doesn't get funding from someone, then it's into administration next week and shareholders will likely receive nothing back.

I was always in this right to the end, so hold pending the next disaster.

He hasn't added from 11% so far. He needs to notify every time he adds 1%, so 12, 13, 14 etc etc. They also cannot replace the board, as its an Australian based Co, a certain percentage of directors must be Australian citizens, by their law.

Such rubbish talked here, risk of highly dilutive placing, and that's the best scenario really. Alternative is administration.

If Cooley is adding further, it will be through take up of the placing. Any reorganisation we see us holders left with a very small percentage of a larger company.

There's not a lot to look forward to here, some short term in and out traders may make profit, the rest of us are screwed.

Its just a question of how little, if anything shareholders recover when it all comes to a head.

He hasn't added from 11% so far. He needs to notify every time he adds 1%, so 12, 13, 14 etc etc. They also cannot repla

It's not as simple as appointing him as a director. I understand that Australian companies are required to have percentage of Australian citizens on the board. I don't know the status of Mike Taylor, but they may be struggling to meet that requirement. Happy to be corrected .

We don't know if this approach is welcome to the board. I think the board been trying to get a placing for some time, but was no interest. Crashing to price may make a lower price placing more attractive and therefore successful.

Monday will maybe tell us more on what's going on, if this is a hostile bid the board might go for admin to shake it off.

However, I doubt this guy is buying up without having some idea of it being a successful outcome.

Maybe he is just trying to reduce his average, attract in some pis to drive up the price then exit himself at a lower loss...

If I was him, you would be buying as much as possible at basement prices, before your hand is forced.

So you get 30% way below the offer price you must submitt. Given you don't need to buy 100%, I would think the directors would be into this, then you get the co for a steal.

However, don't count your chickens yet, aim is a minefield, assume the worst, in this case you could lose it all very easily and base your move being prepared to lose your stake.

That is correct, the buyout offer price has to be the highest share price recorded in the previous 12 months.

Perhaps the share price was needing crashed to a level where a placing would be supported.

AK was always the driving force behind this. Kicking out AK was like removing the foundation from a building.

I think there was no appetite for a take up of a placing at the current price at the time. It was necessary to kill the share price to a level that generates interest. I expect a highly dilutive placing here, probably a bit lower than where we are now.

The Tesla case against CPX isn't going to come to anything. Musk has made all patents owned by Tesla free for all. Therefore the losses incurred to Tesla will be nil, that case was always a tactic in the CPX v Maxwell case. I actually think we will end up owned by Tesla /Maxwell.

There is something in the go That's not good news, the drop is caused by more than a few small investors selling. Either a placing , or something worse. And it will take more than a few speculative words from someone like me on an irrelevant chat forum to cause a price drop

I wouldn't laugh, I think it will be a struggle to find anyone willing to invest, do you think investors are queuing at the door to buy in?