Member Info for mathsprof

Interesting. CBAY had very poor liquidity in last 6 months, and has same order of size of mcap as XBIO. So what's the delay?

Of course, if you're too greedy, all three will happen.

I shut my Barclays account and transferred to Stocktrade when I was told I couldn't pay in my XBIO certificate into the Internatoinal trader account. Obviously a good piece of advice I received from Barclays. Stocktrade have been very good, and I have even managed to sell a few - but beware of the £50 overseas charge on OTC stocks. I'm now intendeding to hold rest until NASDAQ at least.

and no sooner than I posted the last message - 68k volume. Highest volume!!!

We've now reached the 2nd highest ever volume, I think - 67k to beat! Must be something to awaken the slumberer... err..

what else would you expect for a car dealer?

The UK car market is very fragmented. PDG had approx 6% of market share in UK a year or two back, I believe, and they're the largest. Inchcape and Lookers are also on main market.

zero reaction to news? zero trades today (again) zero - the number of aim stocks that would have the same response! zero - the digit we will add to the price in cents - but how soon?

Bovvered? What do you mean? My agents collect £50 every time you do. . . pity not more of you are actually trading.

have upped their target to 39p. Seems very reasonable for next 6 months, say.

The whole thing is worth reading - a lot of positivity, and comments that profits etc are ahead of expectations. SP should rise after this. IHMO SP should be nearer 40 than 30p.

This Interim Management Statement for Pendragon PLC, the largest and leading automotive retailer in the UK, covers the period from 1 January 2014 to 29 April 2014. Unless otherwise stated, figures quoted in this statement are for the three months ended 31 March 2014. Highlights · Improved profitability has continued into quarter one 2014 and we therefore expect our underlying profit to be comfortably ahead of expectations for 2014. · Our market leading internet position in the used vehicle sector has delivered improved gross profitability of 19% (like for like), contributing to nearly half of the gross profit improvement of the Group in the period. · Aftersales gross profitability has increased by 6% (like for like) resulting from our self-help initiatives and the continuing upward market trend. · New gross profitability has increased by 13% (like for like), reflecting our large and balanced portfolio. · In the period we grew gross profit by 12% and benefitted from operating leverage with operating profit growing by 31%. Comparators will become tougher during the remainder of the year. · Visitors to Stratstone.com, Evanshalshaw.com and Quicks.co.uk increased by 16.4%.

I think it is an important reminder for those of us investing in this type of company, and much of what is said actually applies to all similar small bio companies (apart from the severe liquidity problems we have here). If investors in certain other companies read through similar risk statements they might not blast off so readily against boards etc of other bios when things go a bit adrift from the way they were expecting.

Levity sorted by annual report - read all the risks - slowly and carefully, please!

Don't read p26 first!! " We have insufficient cash flow to fund our operations beyond the first quarter of 2015 which raises substantial doubt about our ability to continue as a going concern beyond that date. Our total current assets, cash and working capital were approximately $5.3, $4.8 and $1.7 million, respectively at December 31, 2013. We estimate that, after including the $10 million received from Baxter in January 2014, we have enough cash on hand to fund our base business plan through the first quarter of 2015. We will need to raise additional working capital either through equity or debt or a combination of equity and debt during 2014 should we decide to accelerate the timing of certain research and development programs versus our base business plan. Our recurring operating losses, past liquidity issues and indebtedness raise substantial doubt about our ability to continue as a going concern beyond the first quarter of 2015. Our ability to continue as a going concern and the appropriateness of using the going concern basis of accounting depends upon, among other things, our ability to generate sufficient cash from operations and financing sources to meet our obligations. There can be no assurance that we will be able to generate positive cash flows from operations. Further, there can be no assurance that we will be able to obtain additional financing or that, even if we do obtain additional financing, it will be on terms that allow us to continue to fund our current business plan. "

http://uk.advfn.com/news/EDGAR/2014/article/61859821

has appeared on advdn last night (1015). Makes very interesting background reading - a bit soporific though. I reached the section on risk - makes you think about what a going concern is - its all spelt out in a lot of detail. Lets hope this will bring our potential US investors along to put hands in their pockets. Report implies we need cash before the end of the year to continue activities.

I hope they haven't organised a mass break out - look a tumbling SP today - someone wants to sell in a hurry.

tee hee!

and the rider to this is - liquidity can't improve because none of us UK holders will be willing to risk selling small batches.