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Damn. It looks like Porky's last post has been deleted as I was typing my reply. Never mind. He can have it anyway. He's probably looking for that box of tissues.
Tut, tut Porky. You are like the little boy who has just been caught with his fingers in the till. You’ve been spouting LIES! No 4p headroom placing is coming. Shareholders would have to agree. Can you honestly see that happening? Get real.
There will be NO PLACINGS without shareholders approval. Hopefully, we will be well-financed in the very near future but forget your dreams of an overnight placing bombshell. It ain’t happening…get over it!
RHD1- Granted.Suzy has not said there will never be a placing. What CEO could do that?
However, Porky has for weeks been stating repeatedly that a headroom 4p placing was coming at any time. That is simply not the case. Shareholder approval is required. In the meantime all the indications are that we may soon have significant funds to make ANY placing unnecessary.
This is not a blatant ramp, I am simply correcting an untruth that has been thrown at holders daily for weeks.
Thanks SW, I will. To me this is VERY significant. Direct from our CEO.
To all fellow Val holders. Early this morning I e-mailed Suzy requesting clarification on the potential of a low-ball placing being dropped on us unexpectedly as has been suggested by certain posters on this forum. With Suzy’s permission (although in the public domain anyway), I have below pasted verbatim excerpts from Suzy’s response:
“Firstly, although we put forward resolutions at the AGM to enable shares to be issued, the resolutions regarding the disapplication of pre-emption rights on those new shares were not passed. This means that were we to conduct a fundraise by means of a dilutive placing, then we would have to ask permission from the shareholders at a general meeting before we could finalise the fundraise. So shareholders would get a say in whether that can happen.”
“……….HE HAS BEEN STATING (INCORRECTLY) THAT WE HAVE HEADROOM AUTHORISED TO CONDUCT A PLACING, whereas we do not, unless that is granted at a future GM. This information is in the public domain in the results of the AGM, but requires full understanding of the headroom and pre-emption implications.”
“……I certainly don’t think it would do any harm to remind people that we do not have authority to issue new shares in a fundraise without further shareholder permission due to pre-emption rights”
(n.b. I have transcribed in capitals though otherwise verbatim)
As always DYOR but personally this has given me the reassurance I was seeking. I have topped up with 27000 shares in 2 batches. I would have preferred more but governed by current liquidity.
In summary, Val CANNOT drop a placing (headroom or otherwise) on us at ANY price without going to the shareholders first for approval. Furthermore, we have pre-emptive rights which cannot be waived.
There is no guarantee that a placing will never happen but in view of all the positive indicators elsewhere I for one am increasing my stake at these extraordinary SPs
I thank Suzy for this clarification. I had previously read on the forum that she was approachable and responsive to shareholders queries and I can now confirm that is certainly the case.
To my mind that is a massive potential barrier removed. NO BOMBSHELL PLACINGS OVERNIGHT!
Good luck to all.
Positives from today:
a) Valirx up again
2) No speeding ticket though c 80% increase this week alone - in line with expectations & still at the bottom of the curve.
3) No placing at 1p/2p/3p/4p - sorry, not sure what Porky's current prediction is!
4) A dozen newcomers to the forum have realised what a plonker Porky is.
5) He is still relying on his charts....yes the same ones that brought him so much success with 4D, NCYT, HE1, SNT, INSP, etc
........and from a personal viewpoint, I've added on a couple of occasions 😁
A point of note, considering his verbal diarrhoea, looking at earlier posts, I must admit to being a little surprised at how aggressive Porky's postings can become if things are not going to plan. On numerous occasions in the past he has resorted to telling other posters to FO if their viewpoint contradicted his own.
I suspect many Valirx holders are in for a volley of abuse over the next few weeks. Personally, I shall look forward to that immensely.
Just topped up with 3000. Decided going to re-invest all this months divis I earn elsewhere into Valirx.
Now that's what I call compounding!
Porky, please stop ramping Valirx. You have already promised me a 1-2p placing before Xmas Eve (24.9/23), I've been hoarding cash in readiness.Now you're announcing a 4p raise. This is all very upsetting! There again, it is typical of your contradictions. You have changed tack so many times depending on your agenda.
You extol a share (you're holding), then it's crap (you've sold out). You criticise any negative posters (you're holding) then do the same yourself (sold then hoping for a lower entry point), you endlessly promote a dead duck to draw gullible investors in (you're deep underwater) then you criticise others for groundless ramping (you've missed the boat).
Let us again revisit your own post on Val (30/10/21):"I just can't abide negativity, can't stand it at any level. I can kind of get it if it's to put off investors to try and get a cheaper price, i don't agree with the practice, but i get it."
I suggest any visitors to this forum who are not familiar with Porky's games just spend a few minutes/ hours/ weeks perusing his 5000+ posts and laughable disasters in 4D, NCYT, HE1, SNT & INSP to name a few then decide whether to heed advice from possibly the most clueless 'investor' on LSE.
Forget Porky (desperate & confused). Peppa has more business acumen.
Anyone seen a Speeding Ticket here? What, no I hear you say. I wonder why?
Could it be the company is well aware of the reason for the consecutive leaps?
Get those Kleenex tissues stockpiled Porky. Haha
Well, another disappointing day for Porky. Valirx up another 26% and still no speeding ticket.
Utter disappointment as still no low-ball placing RNS either and realisation starting to dawn it won't happen.
His prediction (on 24/9/23) of a 1-2p placing by Xmas Day is looking distinctly dodgy.
The job applications to Warren Buffet are coming back, unopened.
Blatant rampers on LSE are really getting under his skin, How could anyone post garbage like that!
That bloody Suzy down the road is driving me potty playing 'Don't stop believin'.
Gets a call from cobaltblue who wants to know the Samaritans' phone number. Fortunately, Porky has it on speed-dial.
To top it all he has just found a bank statement from Dec 2021 showing all that lovely cash in his a/c from cashing out his Valirx shares, just before he blew it all on a crazy, unrequited love affair with 4D.
In the back of his mind that nagging doubt, what if I've been wrong all along?
Nah, not me. Porky Rules OK. Tomorrow it will all change. I still think 4D is not done yet.
A lot of sticky fingers going into the end game. I doubt if any of the big players will be parting with any of their holdings below 30-40p, probably significantly more. The venom from previous holders such as Porky (desperate & confused) & CB is likely to get far worse as they see the SP climb. Bring it on!
Meanwhile....
Most are now sitting comfortably. They have waited a long time for this.
A couple of latecomers squeeze through the doors just before they are closed.
Anticipation builds. The audience hushes as the fat lady stands before the microphone.....
Congrats fellow Valirians, moving along nicely but relax if there is a small retrace at some point. Every small cap will have short-term traders who will sell their granny for a 10% profit. Some who joined the party at our recent lows can already make considerably more than that. No matter. Any SP rise at the moment is simply a bonus. When the news start flowing as LT holders are expecting, strap yerself in!
Hi Livin'
Welcome to the forum. Yes, in essence we are. I'm a happy chappy who has had a few jars tonight but you get the gist of my post. There has been no speeding ticket issued by Val tonight so they are basically acknowledging the SP rise but are not saying it is unjustified. To my mind that is almost as good as an RNS to confirm a deal.
Porky believes there must be an RNS in the morning. Why, I'm not sure. He's a bit of an strange bloke as you will gather if you care to read his 5000 posts over the past 3 years. He made a considerable profit on Val a couple of years ago, sold out and invested it all in a company which subsequently went bust. He has been bitter towards Val ever since, Why?....not a clue!
Anyway, with any luck your Val shares will be worth considerably more in a few weeks than they are at present. As regards a future placement, Porky could well be right. I wouldn.t be surprised to see Suzy raise at a premium when the SP reaches 15p-16p in order to boost the coffers and also maybe snap up another bargain like Imagen.
Woah, woah, woah there Porky. You’ve got until Xmas Day for your 1p prediction! Don’t give up yet!
I would be very surprised if there is any RNS in the morning. No rush. From your point of view, what you needed was a speeding ticket tonight from Valirx to say they knew of reason for the share rise today. That didn’t happen which in itself is probably worth as much as confirming a deal. Nothing will be confirmed until all the I’s are dotted and T’s crossed. It might even be a couple of weeks. Handy as it will allow investors to accumulate before the action REALLY starts.
You could well be right regarding a placement. At 15p-16p I wouldn’t be surprised to see Suzy raise at a premium in order to another couple of gems like Imagen and supplement the coffers. Sleep well!
Porky, normally I don’t like to kick a man when he’s down but in your case I’ll gladly make an exception.
It was your choice to take your gains from Val and put them into 4D. Bad enough, but you then chased it all the way to the bottom, topping up as it fell. Your decision and yours alone. In one of your (many) previous posts you warned against letting sentiment affect your judgement. This is exactly what you did when you fell in love with 4D. To then exacerbate the issue you blamed Valirx for your own stupidity and refused to believe it could succeed, in fact doing your utmost (clearly unsuccessfully) to try and ensure it didn’t.
I have no intention of gloating as I’m sure you feel sick as a pig. Maybe next time you will listen to your own advice (or better still, stick to being a postman, as shares aren't your forte). Good luck!
Nice to see such a wide spread. Definitely a deterrent to day traders and short-term holders. It doesn't affect LT holders so irrelevant.
Nevertheless, expect to see some retracing as short-term 5p buyers take a quick fix.
As the SP starts its ascent there are 2 distinct possibilities forming:
1) The company issues a speeding ticket advising they know of no reason for the SP movements or
2) The company recognises the current SP movements and expects to make an announcement in due course.
Something is imminent either way!!!
A pleasant rise in the SP this morning, though insignificant compared to our hopes and expectations. However, don’t become disheartened when there is a lull or fallback in the SP. This is to be expected. Many traders will have picked up Val for a song over the last few months and it is inevitable there will be some profit-taking as the price rises.
Most of us already have taken our positions and awaiting the fateful RNS(s?) bar perhaps the odd top-up here and there. We have endured a torrid 2 years (at least) but…... yes, it has just been confirmed, the fat lady is already climbing the steps leading to the stage!
i was amused to read your opening line “i have no agenda here” in response to one of my posts on saturday. as an investor in valirx i have an obvious desire to see the sp considerably higher than 6p. i do not consistently ramp the share, in fact many of my posts have been critical of management and their decisions at key junctures. however, i then read your posts continually berating the share and warning of imminent massive dilution, or possibly worse, and fail to see what you hope to achieve. as a holder i have a direct interest in sp progression yet you say you will climb aboard only if certain conditions are met. fine, your choice, but don’t you think 33 posts in the last month for a share you may only consider buying is bordering on obsession? you are becoming a val groupie. have you considered counselling?
before you regurgitate your recent “unsuspecting newbies” (1/10/23), “good people being taken advantage of” (30/10/23) or “sucker-in ill researched small investors” (28/9/23) just cast your mind back. very commendable this concern for innocent punters although perhaps a little self-righteous in view of your own posting history. what a pity your conscience wasn’t evident as you ramped 4d, even in its death spiral. more amazing was your refusal to recognise or acknowledge the decline of that company and its failing sp. yet you continued to promote the share trying to entice other poor sods in almost as the bailiffs were at the door.
i’m very much live and let live and indeed enjoy a bit of banter with other posters. we all have different opinions and debate is to be welcomed. personally, i agree with teamhanz, harvey, ob and others that a truce would be much welcomed. however, when a person attempts to demean an investment of mine for their own financial gain, that’s a different matter. i would understandably take that personally and consider him/her a low-life and fair game. since the days of revolvers at dawn have passed how else to respond? well, with nearly 3000 posts to your name in just 3 years there is an ****nal of ammunition to fire back at you whenever needed. i would have no qualms of dredging up much of the dross you have written in desperate attempts to manipulate the market.
your val agenda could not be clearer. for or against, your choice, but please do not tell bare-faced lies when accused of trying to drive the price lower. we are not idiots. win or lose, we are entering the home straight and the result will shortly be announced. all the ramping/deramping in the world will not affect the outcome of any potential deals. why not wait till the fat lady sings, as she is approaching the stage even now.
I've dreamt of being able to afford Tesco clothes. Hey, if Val comes good......
OB – You will recognise it. My missus will be in alongside me in her Dolce & Gabban finery, draped in Bulgari diamonds and telling me where it all went wrong, while trying to find the local boutiques on the satnav. You’ll know her straightaway as she never walks straight in her Jimmy Choo’s.
I’ll be wearing a pair of Wranglers, Ben Sherman shirt and Como shoes. Always liked to keep up with fashion, me.