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Doppo59
Company potential hasn’t changed at all, infact now it’s even better with the FDA approval+hatch wax man protection. SP crashed because of the BoD’s ill considered actions which we all are aware of. It’s hard to justify why anybody should buy or top up further without commercial news but sectors like tech, O&G, pharmas etc can jump 3x 4x with sudden news/positive sentiments, EAAS, SED for example. So it should be your call really. If you still believe in this tech then just forget about it, put them away for few years and come back for your grand rewards! GL
Well, it looks like the directors are not going to exercise their old warrants either if they were serious about saving the company! That somewhat tells you where the company will be in 5/6 months when they will come back to the market again. They NEVER returned anything to the shareholders other than monumental losses. This time they raised £2M by issuing over 1.3 billion shares and at this rate next raise will have 20 billion shares issued at .01p to raise another £2M if my maths is correct or just go bust.
threeputt
I used similar terms to the posters who repeatedly warned me about gfinity, so I probably deserve this abuse!
I've noticed both marketgem and smudgedan, two well known traders are trading gfinity so they will bring some liquidity with them but once they are gone with their targets % and warrant holders restart their selling, the SP is bound to fall IMHO.
I wish you all the best.
ironknut
Are you comparing an apple with a pear mate? They are two different companies covering two different sectors I believe!
According to Polarean's website:
"The Company and its wholly owned subsidiary, Polarean, Inc. (together the “Group”) are revenue-generating, medical imaging technology companies operating in the high-resolution medical imaging space.
Polarean aspires to revolutionize pulmonary medicine by bringing the power and safety of MRI to the respiratory healthcare community in need of new solutions to evaluate lung function, diagnose disease, characterize disease progression, and monitor response to treatment.
By researching, developing, and commercializing novel imaging solutions with a non-invasive and radiation-free functional imaging platform, Polarean’s vision is to help address the global unmet medical needs of more than 500 million patients worldwide suffering with chronic respiratory disease. Polarean is a leader in the field of hyperpolarization science and has successfully developed the first and only hyperpolarized MRI contrast agent to be approved in the United States."
Whereas Kromek says:
"Kromek Group plc is an international technology group (global HQ in the UK) and a leading developer and supplier of high-performance radiation detection products based on cadmium zinc telluride (CZT) and other advanced technologies. Using its technology platforms, Kromek designs and develops and produces x-ray and gamma-ray imaging and radiation detection products for the medical, CBRNe security, Homeland Security and civil nuclear radiation detection markets.
The Group’s products provide high-resolution information on material composition and structure and are used in multiple applications, ranging from the identification of cancerous tissues to hazardous materials, such as explosives, and the analysis of radioactive materials."
My understanding is that they are two different companies covering two completely different market and size! Polarean is somewhat global, got their FDA just 3 months ago, Kromek is somewhat covering a niche sector which isn't that big, is it? What am I missing here?
I'm slightly disappointed and concerned, thought they would have updated the market by now.
My understanding is that Oxford is using Polarian's xenoview to get the lung images, then collaborating with GE to find out more with software AI and staff. Both polx founder and ceo are ex GE anyway. Because polx is now FDA approved, getting MHRA approval shouldn't be an issue.
Polarean and Oxford University to collaborate on long Covid study
https://www.proactiveinvestors.co.uk/companies/news/981962/polarean-and-oxford-university-to-collaborate-on-long-covid-study-981962.html
https://www.polarean-ir.com/content/news/corporate-news/260521
Polarean's tech is from GE, they bought the IP and all the rights from them as far as I know.
https://ncimi.co.uk/latest/video-case-study-xenon-mri-technique-for-the-diagnosis-of-long-covid/
only 10/12 days left for them to exercise their previous warrants, atleast the company could get a massive(!) £3K instead of £25K original price but no, they won't! May be they each awarded themselves a £10K pay rise this time and used that money to buy their placing shares at .15p with warrants at the shareholders expense!
On another note, see if the following directors exercise their old warrants before 4th April 2023 that they shamelessly gifted themselves for .15p instead of 1.25p at the shareholders expense!
https://twitter.com/Ash_Tech1/status/1625196664565661696
My take is that since they have decimated their investors, at some point they will consolidate the shares (1 for 100 for example) to make it look good to rob their new investors. If you hear anything about consolidation, just run for the hills if you are a holder.
It seems some people are getting carried away, just like the way we did back in March/April 2022 with all the holding RNS. There is nothing wrong with it provided people book their profit ASAP as Traders will definitely pump it to take their 10%/12% and leave naïve the private investors getting trapped and losing money just like us, like a vicious circle. Wait for their results atleast as historically gfinity always disappointed the market, highly doubt it will be exceptional this time considering the whole industry is somewhat dying.
https://esportsgen.com/is-the-esports-industry-slowly-dying-check-details/
GLA
Brighty1
He didn't increase in open market mate, check the crossing date, 7th March 2023, it's his placing share, ofcourse with warrants! I'm just going by the facts. Gfinity was meant to release their half year result mid Feb which has been delayed again and you know what happens with delayed results. It's your money so feel free to trade the way you like but just be careful with this company, it's a value trap! I'm sure you will see a series of big sells soon as warrant holders will sell in any spike.
GL
Fantastic news! Shorters will keep scaremongering with all sorts but this is a far better outcome than what I expected. FDIC operated bank, what more do you need? Arguably the best bank guarantee that you can ever have! Big relief :)
gfinity had 1,316 million shares in issue and just confirmed another 1,333 million with warrants to be issued tomorrow taking the total to: 2,649 million. We saw warrant holders always sold constantly no matter what! Company confirmed it's not growing as previously claimed (including their rampy tweets), infact going in reverse with higher cash burn rate and needed £1.5 million minimum as working capital (not product development) to stay afloat so now raised £2 million instead at shareholders expense. Point to be noted in March 2022, they wanted £1 million initially but ended up raising £2.7 million with warrants instead.
It's your money so should be your choice but any private investor out there considering buying this disaster, think again!