Member Info for LtdAxis

I would put it back in here if I were you ;)

The $10 price is the same price per share as the 'pipe' funding for the merger. This was initially $27million and was reduced to$20 million, but the offer share price was the same so as far as I can see both CIZ and VELA will get shares @$10 per share

My understating is we get $4m in shares at $10 per share =400,000 shares which we can sell or keep and sell later at the market price.

If we exercise the 'put' we get the shares in conduit. Can then sell them whenever. The main point is what price the shares are calculated at. I had assumed $10

Well if we hit 0.05p by close you might regret that move....

...I think this is under the radar for most people, so there may be an opportunity to get in relatively cheaply...or get out relatively unscathed. But I think there will be more waiting to buy than waiting to sell.

I wouldn't take much notice of the price pre-open Joe. It will be the price after the meeting that counts

Well it does afford a good opportunity to add for those who know better! The MURF sharepirce briefly dipped before surging this week. I wouldn't mind betting we are seeing the same here.

There is a probability the share price might be 2.6x higher , but on past performance it may well be 10% lower after this …

Have been more thoughts all along Plutuq. This company was always about getting their money back from the litigation

Close was €17.44 ( mid price )

That’s an extraordinary rise!!

What’s your problem Noel ?

It’s a free market!

The shares...equivalent to £3.5million...will be in conduit...which will be the new conduit having merged with MURF. Current MURF share price jumped from near $10 to over $11 yesterday.

Who knows what the share price will do after but with positive news it could end up way way higher in the long term. And SGSC will have over 7% of shares in the new conduit.

Maybe there will be a big announcement re az1656 after the merger completes .

And a big dollop of cash tomorrow!

CODE has a healthy cash balance . Might be a steal at 110p

That made me laugh Suthy :

“ Not much more to be said now . Just have to wait for the next update. Pointless speculating”

Shame you and Jambone and the rest couldn’t have adopted that policy months ago when we were still waiting for the next update that still hasn’t arrived .

👍

€10.60 now Joe 👍

It will most rise in the hours before as a day traders gamble. If this is significant then a number of KTHs ( possibly including myself) might take some profit or de-risk depending on any tit bits of news on the merger or elsewhere before Weds.

To be honest the share price should be higher anyway excluding the put option and although most investments are doing poorly as judged by the original stake, many have picked up a bit recently: eg CSFS, CODE,ENSI,MODE,MWE. and TRYB has held its own and we are 25% up on our initial investment at the current share price. TSP and ENET are the duff ones.