Member Info for LOTM-13

When Cooley 1st did a significant on market share purchase (a fair bit before the placing took place) @ about 0.065p on a Friday. The share price over the next couple of days rose to a peak of 0.385p before collapsing again into the mid 0.2's where it stayed for several days, before another rise into the 0.3's

There was big volume then to, but not as much as 35% of the company changing hands in a day.

So yes it could easily do similar this time round.

GLA

LOTM

Wakeyinvestor,

The share price rose a few weeks back on one of the announcements regarding Dr Cooley's holding. It got to 0.115 - 0.12p & stayed at that level for quite a period during that day & there was healthy sales volume of a couple of hundred million shares, so a lot of those "trapped" placing buyers were able to exist for a 10 or 15% return on the placing price.

There was massive churn today, 35% of the company effectively change hands (2.2 Billion divided by 2 for Seller to MM to Buyer so 1.1 Billion out of just under 3 Billion in issue) & it will be higher than that when other delayed trades appear in the next couple of days.

LOTM

Hi wyndrum,

So the 11.33M share trade at 16:29:40 at 0.2285p is either the big order (or part of it being filled & recorded) or is just a large sale like mine would have been to part fill a much larger order.

If you look through the actual trade list from 16:26pm (& discount the 20 tiny bot trades at 0.23p) you'll find only only 3 trades in the 16:27's for under 1.7M shares & 1 trade at 0.237p at a higher price than 0.2285p

So it would seem pretty clear given they were happy to pay me 0.2285p if I'd decided to sell at that moment in time, that there is at least 1 big buyer out there willing to pay 0.23p or more for stock.

Going to be an interesting morning for sure .....

LOTM

Wyndrum,

I was doing dummy trades into the close & apart from one "no quote" situation the price I was offered for my 5M shares did nothing but rise from 0.2021p all the way up to 0.2285p in the last minute of trading.

MM's are not in business to loose money so they clearly had a buyer in the background willing to pay a higher price than that (or if they put my holding with others they were buying in & averaged out the price it would still be less than the price the buyer is paying for there block of stock).

There seemed to be very strong demand & I don't think it was just from small retail investors, given the volumes we're talking about.

Personally I think the MM's are very short of stock, I'm sure we'll find out if that's the case early on in the morning.

GLA

LOTM

Sharebel,

"lack of free float" your having a right laugh with that one, Other than Dr Cooley there aren't really any large investor holdings following the placing. If there was a lack of free float the share price would have move around much more violently than it did. You wouldn't have such a tight quote as there was at many times during the day. There are nearly 3 Billion shares in issues - over 2.1 Billion shares change hands (half it for the true number) so 1.05+ billion shares or 34%+ of the company change hands today (& there will still be lots of big trades hidden from sight). There were under 1600 trades in total (take off the small bot trades & your probably down to around 1250 ish) in other words the average trade size was around 1.75M shares ..............

From the rest of your comments you clearly sold most, if not all of your holding for a healthy profit, but the price rise continued much more than you thought it would & you'd like to buy back-in at less than you sold for (hence advising people to take there profits and move on) & if you haven't sold then why on earth would you be giving out advice that your not following yourself ?

LOTM

Blasted past the 2 Billion shares traded mark.

They were offering 0.2285p for 5 Million shares at the close.

So they are trying to fill another massive order possibly as big if not bigger than the 33M one at lunchtime. I'm guessing 0.23p is the price the buy order will be filled at.

I'm surprised so many decided to bank there profits at the close given how fast the share price was rising.

Summers sold out at what around 4pm & left 25%+ on the table - which is ouch in some ways.

Anyway Good Luck All especially with the 2nd Auction ................

LOTM

Pump-up the volume, pump-up the volume,

Might well make 2 Billion shares Traded - allow for buy 's & sells = 1 Billion shares or 33% of the company changed hands today!

Expect the close to be 0.22 mid price I'd say.

FOMO kicking in big time & who knows what it will be like in the morning .................

GLA

LOTM

Pump-up the volume, pump-up the volume,

We might even make 1.9 Billion shares for the day.

Watch out it looks like the MM's are trying to catch out anyone who's putting a stop loss at close to the current share price, to get back cheap shares.

They are trying all the tricks of the trade, to get shares off people to meet current demand & still they can't satisfy demand.

All the time the new buyers have a much higher average buy-in price & won't just be selling for a 0.02p gain unlike before because its a much lower % gain on your investment.

FOMO

Is going to kick in soon & ask yourself this would you rather be in or out ahead of 8am tomorrow morning......

GLA

LOTM

Hi 2phevs,

The 3 out of 5 line was in the new page a couple of days ago .....................

Lets hope tonight's dinner goes well :)

LOTM

25M of sales at @ 0.1585p & they got rid of them again in a just a couple of minutes & now need to find more stock to feed the buyers appetite.

Followed by 15M of sales at @ 0.1602p that was gobbled up as well, & then more chunky sales after that, all the time the new buyers have a higher buy-in price than the previous owners.

Massive volume is our friend right now, keep the churn going for the next hour ....... & we might do 1.8 Billion shares before the day is done .......... not to mention all the delayed trades that will come out over the next couple of days.....

LOTM

Sorry been away from the PC for a good couple of hours !!!

Well well things have certainly changed, 12:25 I said they were trying to fill a big order looks like that was true with a 33M trade I believe.

I said at 12:33 that I thought this would break 0.15p tomorrow & its gone & done it this afternoon instead !

With over 1.5B shares traded (half it to get true volume) 750M+ that's around 25% of the company has possibly changed hands today .............

Good Luck All

LOTM

They may need to try a good old fashioned "tree shake" to see if they can prise loose some shares to fill that order.

Yet at the same time hope it doesn't create a wave of buyers instead which will only make it worse for them.

I do think 0.15p tomorrow is possible going by the current set-up, but as we all know things can change rapidly !

LOTM

Hmm really tight spread 0.118p - 0.12p but the trades all have a 0.118x handle on them.

Looks to me like they are trying to fill an order for someone at 0.12p or less for quite a few million shares.

LOTM

Another 50M shares gone through in no time at all (under 10 mins)

Now 0.113p - 0.115p

LOTM

Its taken a while given the fast start to the day, but finally 1 Billion shares have been traded.

Official quote is still 0.107p - 0.115p but the true quote is 0.111p -0.114p

LOTM

Hi Laura2022,

hmm imagine if they had invited Dr Cooley onto the board before they did the fund raising !!!

The dilution would have been so much less for everyone.

LOTM

Plenty big buys & plenty big sells, a healthy market I'd say.

Need to get to 0.113p - 0.118p that we got to the last time & where there was a lot of churn to allow more of the 0.1p placing holders to get out with there 10%+ profit.

LOTM

Hmm those that dumped 40M shares yesterday will be as sick as a parrot already.

LOTM

Well Lars will have someone looking over his shoulder who knows exactly what he is talking about. So he won't be able to bullsh*t in future without being caught out that's for sure roger65.

LOTM

Well there's the explanation as to why Dr Cooley hasn't been in the market recently increasing his holding even further.

He has been organising to get on the board of Directors instead.

Now shareholders have someone on the board of Directors who has a lot of skin in the game as well.

Will be interesting to see how the market reacts to the news.

LOTM