Member Info for pablo2

shame about the price. Expected 300% by now - lol.

Thanks for thoughts - I'm in and no worries but doing most of my thinking after the event(of getting in!). Just doing a bit of my stats thing, not even playing devil's advocate, just working a few things out. 68m traded today which is great. I hate loan notes, they do seem to drag companies down but I suppose finance sometimes has to be got in the only way possible.

This company has : 350m shares to issue when last £87,500 of loan notes converted @ 0.025p 250m shares to issue when £250,000 of loan notes converted @ 0.1p Unfortunately, that's another 600m shares still to be issued to add to the 900m odd currently in issue. Starting to think......

My last figures apply to the October conversion but the latest load were issued with a conversion price of 0.1p - still nice work if you can get it.

Looks like they are converting @ 0.025p - so they then can sell to make 7 times their money @ 0.17p. Nice work if you can get it.

Have just emailed the company to clarify this 'Free Float' business cause it just seems wrong to me. R - well over the normal volume but refusing to blow it - unlike Vorm.

Not doubting you but the FT states : Shares 995.45m Free Float 629m Doing the maths that is a Free Float of 63% (therefore Not in public hands 37%) - perhaps you know the big holding ii's?

I'm determined not to miss your next 300% riser, so I'm in - lol. No, actually, don't laugh, I'm in.

Your maths is off - between Henderson and Oryx they have 90m of 313.5m in issue, that's 28.7%. Still a mighty commanding holding they have together, enough to seriously influence future voting issues.

More big buying reported. KL (KP?)

Indefinite suspension now, well, sorry, maximum of 6-months and then kicked off Aim with all the problems/expenses of re-listing. So, basically, we've got 6 months to find another investment AND hope we get our $620,000 back this year from our last one, or else.......that's it?

More Holdings from Oryx again. Thanks for sharing your personal experience and good to hear you were impressed. It certainly is a much bigger outfit than I thought but of course it has been expanding, often through acquisition. Think you, me and the gatepost are probably going to go very quiet for a while but some Big ii's are buying so that may keep our interest. GL and KL

Old school - lol.

Having gone through the RNS more fully, I see a lot of bright things possibly not too far round the corner. What surprised me from the RNS is just how big and widespread this company already is. The list of sites/offices/labs is quite impressive. I suppose for a £35m market cap company you've got to have a few things going for you, but bigger than I thought. I just imagine a few University boffins, a spotlessly clean lab or two and a lot of overnight bio-testing stuff. Sums up what I know though I've been here for about 4 years now. Solid, but when are we going to have some fireworks?

Excellent, welcome to the DQE band of ........ destitute has-beens - not sure how else to describe us. Anyway, I'm sure you're going to bring us good luck. See already today there's much more action than last 2 days. With the Bond issue and accompanying conditions, there are a lot of penalties and conditions but most of these are to be expected. Unfortunately, it is an unknown as to what will happen if/when the 'liquidity event' and Nasdaq listing goes ahead. I hope this would mean a cash payout for Aim shareholders or else I suppose it would have to be Nasdaq shares. These, though, perhaps a little harder to sell, should not be that difficult or expensive. When will it happen? Mark Edwards and myself are seeing urgency in the RNS and a quick move to resolve but whether that is just months away or longer is pure speculation. Meanwhile, I look to see this bounce back to 9p and 11p shortly anyhow.

Update RNS - haven't fully digested yet but 'in-line with expectations' - as expected - lol.

Been speaking with Mark Edwards at Buchanan Comm. and he confirms that I have basically got the gist of the Bond RNS, i.e. the 25% IRR does only kick in on going bust or failing to make the 'liquidity event' within 3 years. It is not yet known when this event might happen, with ensuing Aim de-listing, and a shareholder circular, meeting and Bod recommendation will all need to happen to facilitate. What would be exchanged for our Aim shares - cash or Nasdaq shares - is also not decided, or announced anyway. The Bond issue for $50m has set up the company in a very strong cash position to repay it's short-term debts and to increase productions. When the next news will be with regards this momentous event(de-listing) is also not known though Mark, like me, read urgency in the RNS. The results won't be out till June after the Mar 31 year-end and that is when we'll hear if they are indeed making serious inroads into reducing the 'receivables'. All in all I reckon it's a good bet now that we are very close to the bottom, the company is in a very strong cash position and if it can get the receivables down and the productions out, the only way is UP. Following my own advice, I've topped up!!

Another 'Holdings' - this time Oryx Up 3m shares. Difficult to see much rhyme or reason in these ii comings and goings. Know what you mean about the US - apparently Jessie Jay is cracking into it, but been trying for years. Also apparently 2 x UK could fit in Texas - put that in your pipe and smoke it - lol.

It's funny how this is suspended and LEN isn't when it's all over for LEN - 99% certain. This part of the old combined company seemed to have a lot less going for it. Hoping we'll get something from this side as combining the 2 together I, like most people I imagine, are well down.

I imagine there is very little to budge this now. Perhaps the spread might change a tad occasionally. Just been working out my losses on here and LRL : Total combined out lay £4922.70 Total current combined value £2944.71 Current running loss - nearly £2k - Hopeful of knocking a few hundred pounds off this when the 4.1p is distributed (currently valuing my LEN @ 3.75p) Also hopeful that LRL may one day turn the corner. Oh well, been a fairly disastrous ride with this stock but not going to kill me.