Member Info for Markshares

Will be testing Covid-19 vaccines in the months ahead.
20 major ones
In discussions with 12
Believes we could get 6-8 contracts
Expected to be £8-10m each.

Seems upbeat about the Covid testing, despite reiterating a few times we are not a Covid company as such. Says they have been inundated with demand for the testing since going live last week.

Moniman, are you totally oblivious to everything?

All resolutions passed, most notably the second tranche.

so there's no way Acacia will have sold all these assets (ORPH plus the rest affected recently) at a loss, which begs the question why didn't Link just sell the assets themselves? It's only taken a few days for them to be clear

Good spot padrock, thanks.

So looks like Link found a buyer for 25 million, questions are did they sell the remaining 2.29% (I'd assume so given the fall over the past few days) and who did the 25m go to?

Scratch that, got a figure wrong:

First RNS suggests Link held (8.67%) ~51,459,496
Bought by Acacia (6.51%) 38,618,608
Acacia holdings on 9th June (2.29%) 13.618.608 (assumed. above minus 25m)

The strangest thing is the ORPH site has had Link at 6.51 for ages:

https://www.openorphan.com/investors/significant-shareholder-information

Just making a note of this:

First RNS suggests Link held (8.67%) ~51,459,496
Bought by Acacia (6.51%) 38,618,608
Acacia holdings on 9th June (2.29%) ~17.212.519

The strangest thing is the ORPH site has had Link at 6.51 for ages:

https://www.openorphan.com/investors/significant-shareholder-information

Just means different MMs have different price points for now

North, you answered your own question in the same answer. The first tranche that has been dished out.

I agree that link is certainly the most likely, but that 35.5m vs 35m seems a big coincidence. If Link why didn't they put through all 38M instead of 35?

Why hasn't there been a TR1 for whoever took the first Tranche? Isnt there a risk that it is them selling here and not link?

Assuming it is Link, there will be a mad rush to buy when they are confirmed out at 0.00%

That is a bonkers evaluation and agree the name is terrible and lazy

Swaplebar, that I agree with. Its all well and good doing a massive PR, and it would/will work very well, but it needs the RNSs and figures to accompany it.

I wonder how many of the naysayers suddenly appearing will be buying back in before close for an RNS tomorrow morning?

11p was over subscribed by institutional investors, any reason why this would fall as low as "7/8p soon" apart from you wanting that price and plucking it out of thin air?

Nonsense, there's a clear path to multiples from here.

Share price reversal came at 2pm on Friday