Member Info for panda1

Yes, the Miton investment is interesting. However, in my opinion the directors level of remuneration should be linked to performance. Far more funds should have gone on drilling wells than wasted on excessive salaries and travel/entertainment expenses.

The $101,000 on travel and entertainment expenses also seems excessive given the size of the company. I'd like to see a breakdown of this. Do the directors have a penchant for travelling business class?

It's very disappointing to see the directors awarding themselves massive pay rises whilst the company is still unprofitable. Total wages in 2018 rose to $413,968. Lofrgrans's salary rose from $195,000 to $250,000 and Ainsworth went from $65,642 to $121,647. I cannot see how the directors can justify this whilst the company is losing money. It just means more funds have to be raised through placings or bank loans to pay directors. I think compensation should be minimal until the company can afford to pay big salaries when it is making significant profits.

DB couldn't really sound more confident in today's interviews. I can really see the share price moving up over the coming weeks now the placing is done and dusted. We could be looking at huge gains if this plays out as expected.

It was good for UJO to get the placing done before RBD.

The efficacy of Lupuzor in the open label extension looks very disappointing

As I said yesterday I thought there would be a placing. Fresh capital has only been raised as the recent well looks so successful. The placing price is without a discount so that is very encouraging.
The company is in a very strong position and growth could be exponential if the test is as good as expected.

Yes, RNS & presentation look very positive

I think it is very likely the company will be offered money by City spivs. Companies often raise at this stage to de-risk whilst interest is high and before results are known. So you think they will turn the offer of funds down?

I think it is very likely the company will be offered money by City spivs. Companies often raise at this stage to de-risk whilst interest is high and before results are known. So you think they will turn the offer of funds down?

Any thoughts on the likely placing price and how .uch the company is looking to raise?

Looks like MMs still have stock to sell - from Woodford?

Looking through yesterday's trades I reckon Woodford sold
up to 12 million shares, this assumes he was the only big seller. This would leave around 6 million left to sell so he should be out by the end of the week. We should get a TR1 RNS today or tomorrow confirming he has dropped below 3%.
I wouldn't be surprised to see some big selling this morning whilst be clears the final shares and then a recovery in the afternoon. It will be interesting to see how it plays out.

Lanstead don't lose money if the share price falls. It makes money whatever the outcome so it's not really an investment.

The company shouldn't have wasted £2million of shareholders money on buying shares in Tim's company Incanthera.

I'm feeling very relaxed about my investment in SCLP after watching that interview. The funds has clearly done a huge amount of due diligence before making its investment. Although the share price is very low at least it has given me the opportunity to accumulate a decent amount of shares.

Thanks MikeGP, I didn't know there were 12p warrants. Do you happen to know the date of the RNS which confirmed the issue of the warrants to HH?
I've also just seen there is a second convertible loan note of $250,000 that can be converted to equity at 10p.

I'm not too worried about a placing if the good news keeps rolling in. In fact a placing will be good news as it would be prudent to get rid of the £2.25 million convertible loan note as the 15% interest rate is ridiculous high.

;-))

Mate, that's brutal after holding the shares for so long :-((