Member Info for Leo_IX

IWeb has finally got its act together. I've been given 45% of the excess application on top of the 1 for 15 allocation. Surprised it's so high but maybe they were a little more generous with the more modest orders? Nearly didn't bother applying with so few shares available but ended up with six times the basic entitlement. How did the rest of you get on?

Still no wiser about the number of excess shares available or how the scale-back will be handled. Could be a simple percentage of each application is allocated, or maybe small orders will be filled completely and larger ones scaled back. In any case it seems unlikely that RedAce has missed out on anything exciting.

Only partially. 8% dilution from placing, 28% reduction in Edale holding.

Bell end year numbers

Unfortunate turn of phrase

Well, since Lucyd pulled their fundraise in order to announce their IPO, it makes sense that TEK would step in to plug the funding gap. I'm much happier to see a placing than further dilution in Lucyd and Salarius via crowdfunding. This additional investment should repay itself many times over in the coming months.

Excellent day all round for FDBK and a relief to get the placing behind us at last. Just remains for the company to capitalize on the opportunities that are opening up on several fronts. One quibble - why go to the administrative headache of involving existing holders then make so few shares available?

Hi coffeecups

Change of broker in August and continuing large share sales suggest a placing soon. £0.7m cash at 31.5.20 plus £5m raised in July 2020 less £2.2m unaudited cash at 31.5.21 gives a burn rate of £300k/mth. Always best to raise funds before the need becomes urgent especially with markets arguably too high. Final results should be out this month if the last two years are anything to go by.

New company overview on website. Neat summary of the business and its advantages over the competition.

https://fbkmed.com/feedback-plc/reports-and-presentations/

Could it be a successful crowdfunding effort behind the sp rise? Closed on 31st July and marked as 'funded' on the page.

https://crowdforangels.com/company/plc/verditek-plc-1054

Negligible or they would have mentioned it. A 'good news' RNS without revenues always gets punished on AIM, hence the drop. On the plus side it did enable me to get a buy order filled at 0.8p - just hope it's the bottom.

Updated on Monday
http://www.alignresearch.co.uk/ascent-resources/moving-initiate-arbitration/

If there were two buys of 25m shares the other day and we've seen a sell of 25m today is it too farfetched to imagine there's a second sell being put through this afternoon? It would explain why so many buys aren't lifting the share price.

I stopped reading TW"s site last year having grown tired of his aggressive style and useless tips, but is it coincidence that Tim Lord stepped down as CFO this week, having allegedly realised he wasn't up to the job? I can't recall seeing such a thing happen anywhere else. Why leave so suddenly with no replacement lined up? We currently have an interim CFO who is presumably less qualified than Mr Lord. It struck me as odd but it now means both the CEO and CFO at the time of the Nigerian order are no longer in post. I'm no conspiracy buff but is it possible VDTK got wind of this article by TW and cleared out the dead wood?

Wonder if Harry180 got his buy-in at 9.5p?

Harry,

As well as the RNSs I'd recommend Parob's post on Tues at 15.31. Well worth a look (and a rec). Apparently there is support on the chart at 9.5p if you're looking for a better price, but that doesn't mean we'll see it happen. Also, I'd ignore anyone who says the current valuation is based on last year's revenue because they're being deliberately obtuse.

From the sportshandle article posted earlier:

'The lawsuit asks the state to extend the deadline for collecting signatures and to allow those signatures to be valid for the 2020 ballot.'

Since the Tribes' proposal looked set to make this year's ballot before Covid-19 intervened it seems only fair that the state grants them another opportunity. The market doesn't seem to believe it will happen but I've taken a small punt anyway.

They're actually aiming for 1.6m signatures to be on the safe side as they have to go through a verification process which will doubtless weed some of them out. How long that would all take is anybody's guess. How many more deadlines can there be before a 2020 vote is ruled out for good?

And just before that it was 2.5p, just to keep it in context. The 18p was madness.

Been looking at the numbers in the light of recent excitement in the share price.

Seems NSCI owns 7.2% of PDS Biotech, a company valued at $14m on NASDAQ, valuing its stake at about £800k in round numbers. Spread over 79m NSCI shares is 1p per share. So if PDS doubles in value, NSCI should rise by....1p/share.

Excitement over.

Hello Roy.

Well it's commendably honest and a little alarming but as long as you can ride it out without losing sleep then everything is good. No offence is intended on my part, just trying to piece together the clues to see where MTL may be heading. You're right to say I'm not invested here - I've been waiting months for the debt restructuring to complete but still they can't push it over the line. Missed many trading opportunities in the meantime as the shares raced up to 2p. IMO the plan to do a d4e swap should have been announced when the debt was bought from the senior lenders as it was surely their intention at the time. Now people are caught on that spike and are 50% down. Don't expect them to play fair or to care about your investment and you won't go far wrong, that's my philosophy, one born of painful experience.

Here's hoping you enjoy a swift bounce back in your portfolio.