Member Info for ProcessGuy

The-Hat (13:42)

No an RNS is not required when in negotiations etc, from FCA Handbook (link below);

"Investors understand that some information must be kept confidential until developments are at a stage when an
announcement can be made without prejudicing the legitimate interests of the issuer."
https://www.handbook.fca.org.uk/handbook/DTR/2.pdf

So Stonk (14:05) is correct.

Starfox_:

Well said, one is also undertaken by Mint the other by HEMO.

Over the last few weeks there have been a number of posts that have refered to "churn" so for those not keeping a running tally of volume the churn, since the 16th February, has been just over 6.9Bn shares.

Couple of big sells (9M and 4M) this morning followed by a couple of large buys (5M and 7M) plus buys (4.2M) put through on the Aquis exchange:
18-Mar-21 12:45:34 0.205 603,660 Sell* 0.20 0.23 1,238 O
18-Mar-21 12:22:54 0.205 3,034,170 Sell* 0.20 0.23 6,220 O
18-Mar-21 11:37:33 0.205 139,536 Sell* 0.20 0.23 286.05 O
18-Mar-21 11:33:01 0.205 111,243 Sell* 0.20 0.23 228.05 O
18-Mar-21 10:21:25 0.2085 500,000 Sell* 0.20 0.23 1,043 O

All smoke and mirrors.

"I've got about 83k+ share , and I'm holding for 1£ sp, wish I could buy more , but that's all I can invest for now.
Hoping we reach this target sometime next year.
What do you think?"

Guess who posted this on only the 14th of December ?

A delayed trade, stamped at 16:24, for 500k at 6.38 from yesterday just appeared. Funnily enough between that time and the close yesterday there were 500K of buys at 6.5; a mix of 200K, 100K and 20K blocks.

That should have been ... "through as a live trade" ............ not delayed

dhub:

It went through as delayed trade from 9:18, price was 6.7 (£67K).

Anyone owning up to this trade ? Its such a nice round number.

And another large trade just appeared, 1.3M at 2.689 (£35.2K)

Its the 16.35 Uncrossing Trade (UT).

That's two big buys gone through today so far:
1.27M at 2.69 (£34K)
750k at 2.69 (£20K)

Both transactions tagged as Single Protected Transactions (again !), someone loading up at mates rates. Don't expect a TR1 anytime soon, at least not until the SPT has been completed. I'm guessing Metallon increasing.

Sgee:

Some wise words:

" ............None of you know what's happening with the company. Yes a lot of us are deeply underwater, me included. If you are not happy with the way things are run then sell up . In the meantime keep quiet or you will end up shooting yourself in the foot. Let the people running the company run it."
(your post 25th Feb at 14.31)

Perhaps you could also follow your own advise ?

Missed a late trade on LSE:

Date/Time Trade Price Vol. Value
16:46 2.10p 750,000 £15.75k

Interestingly, the first of the 750K trades is designated as "Ordinary" whilst the later 750K trade is designated as a "Single Protected Transaction". This was the vehicle used when Metallon built their stake without the need for TR-1's. A single protected transaction is notified to the stock exchange at the start of the transaction and then there is no requirement for a TR-1 until the transaction is completed. Obviously, no idea if they are the buyer.

Finally, MM's making a market and volume, result........SP rises. Seems the loan default has triggered a wave of buying, wonder if it was necessary to have a conclusion to the will he/wont he default on the loan in order to progress financing, i.e. it became a known known and could be factored into discussions rather than an known unknown?

Trades over on Aquis exchange:
11-Mar-21 16:29:24 2.10 24,093 Sell* 2.00 3.00 505.95 O
11-Mar-21 16:27:54 2.25 99,468 Sell* 2.00 3.00 2,238 O
11-Mar-21 16:24:19 2.20 67,009 Sell* 1.75 2.75 1,474 O
11-Mar-21 15:02:50 2.00 37,500 Sell* 1.75 2.75 750.00 O
11-Mar-21 15:02:49 2.00 37,500 Sell* 1.75 2.75 750.00 O
11-Mar-21 14:39:05 2.00 652 Sell* 1.75 2.75 13.04 O
11-Mar-21 08:09:48 1.99 100,295 Sell* 1.50 2.50 1,996 O

Trades on LSE:
Date/Time Trade Price Vol. Value
16:36 2.10p 750,000 £15.75k
16:35 2.00p 1,937,500 £38.75k
16:08 2.00p 100,000 £2,000
16:07 2.00p 100,000 £2,000
16:06 2.00p 100,000 £2,000
14:44 1.8002p 26,500 £477.05
13:22 1.9898p 241,177 £4,799
12:55 1.80p 5,000 £90.00
12:53 1.99p 44,400 £883.56

I see our naughty block seller (50k/100k) is on early shift today, they've also been working very hard this week to kill the SP rise.

Pandou:
It was the old BoD that agreed the extension terms, I doubt very much that the new BoD would have agreed to such favourable terms when, as you, say cash is needed. Personally, I think the fact that default has been called so quickly is very telling, not a lot of goodwill in the boardroom in my view and power politics at play.

Would be interesting to know what, if any, other provisions are in the loan agreement for default.

From RNS 18th December.
"Interest will be charged at the rate of 90-day LIBOR plus a margin of 10%. Default interest shall begin to accrue on all overdue amounts at the stated interest rate with an additional annual premium of 4%. If any of the quarterly repayments above are missed, the Company can apply salary and bonuses payable to Mr. Akinyanmi towards the loan until it is extinguished."

Todays RNS:

"Under the terms of the Amended Loan Agreement, Mr. Akinyanmi was due to make the second instalment payment of US$413,523 on or before 9 March 2021. As the Company has not received this payment, the following action under the terms of the amended loan agreement has been initiated such that a portion of the salary payable to Mr. Akinyanmi shall be applied towards the Loan, as agreed in the Amended Loan Agreement as a method of default recovery, until the repayment schedule is satisfied. As the Company considers the Loan to be in default, under the agreement, an additional interest of 4% per annum will be applied to amounts in arrears under the agreed payment schedule. As at 9 March 2021, the outstanding balance of the Loan provided to Mr. Akinyanmi was approximately US$1.5 million. In applying this arrangement, the Company's reserves its rights under the Loan agreement, without prejudice, and at law."

Landy (and others):

I've sent some feedback to RMS raising these points and have already had a reply from Graham. This is now on the radar of the advertising team.

Poor description of the masks properties, Joe public will not pick-up on the virucidal technology. Doesn't even say its 4-ply so how are people to understand what it is their buying when comparing with cheaper , less effective, alternatives.