Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I have concluded that it is a paper exercise and although Woodford has gone,
whoever manages the holding still needs to find a buyer at some point.
If it was an unrelated fund they would have bought the shares and therefore
they would have been traded.
It wasn't the good news I thought initially, but it isn't bad news either.
Wish I had noticed that.
May only be related to his dismissal and we still have the 32% overhang.
Hoping it is a transfer to a fund with no Woodford connection.
If it is the former, why not notify a complete transfer.
Two days ago Woodford had managed to sell half his holding.
The sp has held up well, given the sale of such a large holding.
Yes it has halved, but given the scale of selling not bad.
Maybe we will get further notices indicating institutional buyers.
This recent news from a Company, which may have an inferior product, in terms of quality and cost, is
going to put Aortech in the limelight.
I believe there only Aortech and Foldax in the running and the market is large enough for others.
From our latest update we know further news is due next month.
https://www.biospace.com/article/releases/foldax-inc-successfully-completes-first-in-human-use-of-next-generation-tria-polymer-heart-valve-for-the-treatment-of-aortic-valve-disease/
We can anticipate good news of the steady progress, low cash burn variety.
However something dramatic cannot be ruled out.
I am not suggesting an implant of a heart valve, that is some way off yet.
No indication there is any shorting currently. https://www.shorttracker.co.uk/companies/
As I understand it, difficult to short small market cap companies.
Neil Woodford through his funds Woodford Investment Management Limited holds almost 33%.
Given his catastrophic investment strategy he is a forced seller of any liquid investment he holds.
It is possible he is now reducing his holding in Reneuron, despite havng paid more than 3 times it's
current value.
Over the last three years a number of shells have reversed.
So it cannot be Brexit.
Lets hope they do a deal in our lifetimes.
This is a company with no income and basically on life support.
I would like the conversion to be 10 pence rather than 5 pence.
You could argue that if any one of us had £100k behind the sofa we could demand to
invest on the same terms, with all the attached risks.
I don't believe this loan note pricing will have any connection with a relisting price.
That will be purely down to the quality of any deal.
I take it you are referring to Drones.
This company has very little involvement with Drones.
Could be seeing the last of Venn Life Sciences 30 million shares.
Like you I held on Ofex.
As to reinstating the Dividend I feel we are very much in a
Growth stage.
We have cash to draw down for further acquisitions, which
will increase debt in the near term.
In that case I would happily continue to forgo a Dividend to see reducing debt
and increasing profit.
Since the Suspension Notice in September 2016 we have had
three announcements up to March this year.
In the last six weeks we have had nine.
It is hard to believe there is not a potential deal in the offing.
I have located a new private Company listed with Companies House, which
may indicate the target.
However, apart from being wrong, I will say no more on a public forum, to
avoid causing any issues to Highway Capital at this critical stage.
Resolution 13 if passed will allow the Directors to put aside the requirement to offer
new shares, up to 52 million to existing shareholders.
This authority to be valid until the next AGM.
If they were to execute an RTO this would be a necessary step.
That's my take on this.
Hoping they have a target in sight.
All this frantic activity suggests that they do.
I agree insufficient cash was raised and current SP is aggravating this.
However Journalists are cheap and two a penny.
Good Software Developers are scarce and expensive.
Daily Mash integrated with their existing business should generate
economies of scale.
That said I think it will be a slow climb back to IPO SP with a strong
possibility of Dilution en route.
I've put these in the bottom draw and concentrating on other investments.
I was impressed by the progress they were making on all fronts
when they updated us on 24th January.
Over two months since that update, given they are not hanging about,
more news cannot be far off.