Member Info for panda1

Disappointing but the well is not a complete right off. Still have CLix-1001 result to come where Echo has a 70% interest versus 19% for Tapi Aike

Lanstead also held shares during the original phase 3 trial and it didn't stop the share price gaining huge amounts

Should get an RNS Monday morning ??
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSL6N0FI19E20130712

Probably bought shares on extended settlement T20/ T30 so doesn't need to declare holding until the shares have settled.

Big show of confidence from the company's largest shareholder!!!

Fantastic news!!
Should see a big rise today :-))

Very strong update today, better than I expected. I think this year is going to be a big turning point for the company!

Decent update. I think this year will be a big turning point for the company. Cash position is better than expected and when the company needs to raise funds I'm confident Martin Diggle will help secure good terms for shareholders

Looks like the next SOLG and EUA! Should be a multibagger from current share price

Looks like a decent deal to me at a decent premium. As I said before it is very important to clear the convertible notes in order for the share price to make progress

Lots of news due so I'm optimistic about hitting 10p and trading in double figures again.

Looking good here. If we can get above 8p then we should see a test of resistance at 10p. If the run of good news continues we should blast through it.

Great news for UJO today, 2020 should be a transformational year.
What do you think would have happy to the share price today if the appeal was unsuccessful?

I reckon the share price was trading at around 13p when the MM took the shares for 11p so a discount of 15 to 20% was a good deal for the MM. It appears that they have been sold now for a decent profit and explains the recent share price weakness.

I don't think there's much loose stock left from that big sale this week as I can currently sell 250k at I've 11p. When the MMs are long it is usually difficult to sell this amount unless you're prepared to take a big hit. Also the print of the trade is usually delayed until the MM has had a chance to sell on the shares it has taken.

BurtonD - that's also what I've been told about Miton.
I think the HMI SP has the potential to recover quickly if we continue to get positive newsflow

As far as I'm aware the administrators of SVS haven't started distributing assets yet so that's not likely to be the source of the selling. Warrants are at 12.5p so the share price needs to be higher than that before they can be sold and exercised. The loan notes are now convertible at 10p (since the end of December) so this is a possible source of share sales.

The shares opened at around $2.67 and closed at $2.24 so looks like we will go lower today. Perhaps institutions were selling into liquidity caused by the news release? Also the company said in the accounts that it needs to raise funds as it only has enough cash to last until the second quarter of 2020.

Schroders took over the Woodford's fund. It was another institution, Invesco, that was starting to sell a large holding recently.

I think there are 2 big issues. The high cashburn - it burnt through £27.63 million in six months and the company said in the last accounts it will have to raise funds soon. Also Invesco was selling down its holding, see the recent holdings RNS. It still owns around 20% of the company and are likely to sell into today's liquidity.