Member Info for LtdAxis

I agree...the $5-15 limits are just to set the min/max range for shares that can be allocated.

I can see the point in waiting when the share price was in freewill as it would have become a live asset at a considerable loss. Now we are up ( on our initial investment) if we had the full allocation of shares so it seems like a good time . But as I said yesterday it may have happened yesterday...hence the big volatility and they may be waiting for US open to confirm as these things take 24 hours to go through.

I don't think it is the case that the WVAP has to be between $5 and $15....it is just that the allotment of shares can't be of an equivalent price less than $5 or more than $15 in relation to shares allocated towards the value of the option. So if we had exercised when the market price was $1. we would have received 976,000 shares being the value of the option divided by $5 dollars ( the minimum strike price).

This was to stop us getting circa 5 million shares if the WVAP had been $1

CIZ had to exercise at $10 per share being the agreed set price. It had already dropped by 50% when they exercised so it didn't actually need to be $10 to do so....

If they did it after London close but while US market still open that wouldn't have to notify until 7am tomorrow

You’re all worrying too much ! Mid way through yesterday afternoon the share price was half what it is now . We’ve got until Feb to exercise and will get close to , if not all, of our max allocation if we exercise now .

We may have exercised already today .

I think clearly now is the time to exercise !! Lots of volume today but only a small amount over $5 into the close

$6 now!

Volume 100% of average in 1st hour !

Just a wee bit volatile!!

It’s on the previous 10 days average so a boat that should be easy to catch!

$3.5 now !

Slowly stirring ?

Asher: The penny takers have been doing very well on this and GST, without having to say a word ;)

;)

When I said it was a good plan that was in the full realisation that our BOD probably don't know what a good plan is!

I mean 976,000 shares at $3 per share now is better than zilch. The rise might be temporary ( although it has been sustained over 3 trading days), but this could also only be the beginning of a much bigger one?

"And what if the price doesn't hit $3?"

Closed at $2.95...up 30% and up 127% last 5 days!

Ciz has much less to do with CDT than VELA. There put option may on the surface have been less good a deal than ours but it was still overvalued when offered as was recorded as a loss by CDT in the quarterly report....as was VELA's if( and when) it is exercised.

By the way CDT up to $2.7 as I write.

Looking good!

I don’t think that is the case.

Also CIZ had a set price of $10 so there was no value in waiting …and they could have sold at say $8 and bought back in at $1!

We could have exercised at $5 and seen the price drop to $1 which wouldn’t have helped sentiment.

Exercise for $5 when market price hits $3 and sell at $10 would be a good plan 👍

ENSILICA on the move after a positive RNS.

I agree, but maybe they have a target price to exercise, say when the CDT price is back around $3.5 . Then we would be all square on paper with our original investment in SGSC plus the cost of the option.

It's interesting the CDT price has increased since they attended the big Pharma conference in London. Maybe there is anticipation of some news around the corner.

Back over $2