Member Info for LordSnooty

some spirited repartee here for a change, after Leeson's interminable golfing jokes.....

do the right thing and marry her, then in no time at all there'll be little XENs bringing joy to your life.

one's serfs set to and threaten murder, one finds a salutary bucket of pigs swill, dropped by Perkins from the main tower at Schloss Snooty, generally has the status ante restored in no time.

Some comments: - I don't think selling out and re-buying is the way to go. - Much better to request a share cert for the new GSL shares, as Mathsprof and WelshYid suggest. - Personally I'm holding my physical shares for the long term so am in no hurry to find another broker who will trade US OTC - probably I'll just wait till GSL (or whatever name it becomes) moves to a bigger market like NASDAQ, which IS easily tradeable by most UK brokers. - I have about 15% in spread bets, which I'm assured ARE UK tradeable once converted; if I do any trading, it will be with those. - Lastly, be assured that, unless II gave you fair warning, if they sold XEN shares from under you I think you'd have a strong case to sue them for doing so. My opinion only.

shaken out a few day-traders. Now for the real rise.

Having just investigated, I notice that my shares have assumed a "crab" formation in my nether regions. Should I sell?

that, despite gaining more than 50% yesterday, volume was less than 1% of shares in issue. That suggests that this stock is tightly held in small investors' grubby little palms, perhaps because they have listened to Snooty's wise words and are playing the long game, aiming for stratospheric rewards.

Molecules stood at the picture window of his new, corner office in Lexington, gazing out at the landscaped gardens that surrounded, now deeply frozen and snow-covered in the depths of this harsh, Arctic vortex. In the distance glistened Shire Tower, those one hundred and forty-three floors representing all that he aspired to. "So many changes", he murmured, as his mind wandered over the last few, hectic months. The scene outside brought to mind his former secretary, Voskoboynikova. Had he done the right thing, sending her back to her Siberian village? She was probably right now in the arms of some fur trapper, looking out at the snow, just as he was, he thought with a sharp twinge of regret. Our CEO's musings were abruptly interrupted by his door crashing open. In strode Mrs Bernstein from the Bronx, his new secretary, her thick-knit, sensible skirt swishing as she approached . "Waddaya doin' starring outtada window doin' nuttink?", she shouted, placing the coffee tray down on his new, mahogany desk with a bang. Pulling a sheaf of papers from under her arm and hitching her powerful, horn-rimmed spectacles higher up her nose, she continued, "Der ain't no time to be dreamink' about de past, we got woik to do". Had he done the right thing, hiring this middle-aged maelstrom, he wondered? It didn't seem to have helped him forget, as he had thought it would.... TO BE CONTINUED.....

suburbs of Boston I believe.

You call yourself Guru and yet you do not know the arcane ways of the Mystical Market Makers?

I'd say they may have a cancer drug that looks promising (among many other candidates). One word - Shire.

see my reply to tuko on Tuesday morning here on LSE: it's not really much good asking that question of the board because each broker is different, you need to speak to your broker and assure yourself that your shares are safe and will not be sold from under you. Ask them whether they can trade GSL on US OTCQB. If not then you will need to find a UK broker who can handle such trades. Look back at posts here for some suggestions in that respect.

the short-termer, eh Reliable? On yer bike I say, forget the Mondeo and hold the stock, the party hasn't even started yet.

to see investors who can spell "maths".

that just shows that even some brokers can't give clear guidance; Halifax told me a couple of weeks ago that they didn't trade OTCBB! But don't worry, I'm sure your shares are safe, and I'm very bullish on our prospects in the short term. Currency risk is minimal in my opinion - perhaps a max of ten per cent?

Fifty smackers just for one trade? I'd threaten to take my business elsewhere if they tried that one on me.

For what it's worth, I'm waiting to hear what arrangements, if any, GSL is able to make regarding trading GSL shares on the OTCBB market once the Scheme is finalised. I can't find it now but I remember reading a reference to XEN hoping to put in place a temporary facility to allow small shareholders to trade. Failing that, I'll probably open an account with a UK broker that is able to trade OTC shares in the US (see past posts for some names). No matter what the market's reaction to the new GSL shares on 27th January, I do think these shares will be keepers and repay handsomely any patience we can muster to hold for another year or two.

since this seems to be a pioneering step on XEN's part, it appears that every broker's reaction is different; in other words there doesn't seem to be a standard procedure to follow. iWeb, through whom I trade, tell me that they will do the same as you say Lloyds have told you - convert the XEN shares at the 175:56 ratio, sell off any fractions left over, and credit the new GSL shares to my account on or before 7th February. However, I won't be able to trade those shares through iWeb. Note this from p.68 of the Scheme Document: "Xenetic Shareholders should, however, be aware that the deposit of their GSL Consideration Shares into their existing trading accounts may be restricted or delayed based on the rules of their individual stockbroker or its designated clearing house. It is not uncommon for many stockbrokers to require a substantial amount of additional documentation to effectuate the deposit and subsequent trading of newly issued OTCBB and OTCQB shares. Consequently, shareholders may be required to set up a new trading account with a different stockbroker or otherwise find themselves subject to delays and other problems in the deposit of their GSL Consideration Shares. While GSL will assist where it can, because the deposit of the GSL Consideration Shares is dependent on the individual processing rules of the shareholder’s choice of stockbroker, it will be the responsibility of the individual shareholder receiving the GSL Consideration Shares to process and facilitate the deposit of the shares. GSL will take no responsibility or liability whatsoever for ensuring the deposit of the GSL Consideration Shares into a specific shareholder trading account or with a specific stockbroker". It is therefore important that we all check with our brokers what our individual situations are.

You need to seek professional advice, and soon, about your situation, if you want to retain your holding. As far as I know, when XEN transfers to the US, the shares cannot be held in a SIPP any longer. If you want to transfer the shares from your present broker and find a broker who will trade the US OTC market, look back over the posts here in the past few weeks for some recommendations. But seek professional advice, it's no good taking the word of people on a BB.

As is customary in the Snooty household, largesse and good fortune are shared among even the lowliest of employees. Thus it is that Perkins, one's factotum, owns 175 shares in XEN, whilst Molly, the seventeen-year-old, newly-qualified apprentice under-chambermaid, is in line for rather more shares, provided she plays her cards right.