Member Info for raaydaar

If you have a read of the last prospectus it gives you an idea of the value of the policies they are purchasing for the fund. I would think that these would be the standard size policies the company would be looking to get for the RCF investor and it looks to be that if this is the case then they're looking to invest the full $100 million providing the policies pass their tests

It was speculated that they were the RCF provider. Guess we will find out soon enough as yesterdays RNS suggests the investment will be concluded soon.

V7051 they may well be able to afford to wait but do you think theyll be able to get some cheap ones? Everyone expected the SP to drop when news of the 2p placing came out. What's happened to the SP since then despite the additional shares being brought to the market? Do they expect the price to drop if this deal is completed or are they of the belief that GS and the team wont be able to complete this deal despite doing all their DD and raising 3.75 million including 1 million from the biggest single shareholder in the company?

Daisy I'm sure people will be buying when the news is officially announced theyll be many sat on the fence waiting but theyll have to pay a premium to todays price.
From 11th Feb RNS
"As previously announced, the Company's discussion with the Warehouse Loan/Short Term Credit Facility counterparty are almost concluded and an update will be provided during Q1. To simplify the in-person due diligence requirements, this process now includes direct asset investments by the asset manager. The Company is in the process of reviewing opportunities for these direct asset purchases which will further contribute to our assets under management and fee revenue."
Since the RCF amount was previously announced as a potential $100 million it's not unreasonable to think that they will potentially invest an amount up to that $100 million, hence my use of the words "potentially add"
Sellers must have bought at some point and did so because they did their research into the company and would know just what this insurance company deal alone will likely do in terms of MCAP. Even if the RCF lender just puts in $10 million to the fund that's nearly and increase of 50% of current AUM but throw in the full $100 million then the fund grows by nearly 500% now what will that on it's own do to the SP?

Why on earth would anyone be selling right now? We are on the verge of the official announcement of the biggest deal in the history of the company a deal that will see the AUM rise to in excess of $300 million at the stroke of a pen. The company have also mentioned that the RCF lender is looking at a direct investment rather than the credit facility, this could potentially add another $100 million to the AUM pot. They've also stated they've been talking to numerous parties interested in adding to the fund. This company is about to rerate in a big way and people are selling for what is likely to be beer money profits. I just dont get it.

Probably not as long as you would think Daisy ;-)

It is most definitely a buy, its the rest of my father in laws order for 1.3 million from yesterday. They filled 500k yesterday and the remainder this morning.

Last prospectus rns was released at 2:17pm

You'll definitely see 1 next week as Giles has already stated he will be below the 3% threshold once the new shares are admitted for trading. After that it all depends on if Mark Ward and Mr Alder took part in the placing or have continued to buy in order to maintain / increase their percentage holdings when the new shares are issues. Definitely 1 TR1 possibly 3 next week most likely Monday or Tuesday

https://www.handbook.fca.org.uk/handbook/DTR/5/8.html
Everything you need to know about TR1s is there

It's unlikely that the SP will drop down that much if anything at all. The new shares that will be issued are for the purchase of an accretive asset which GS believes the purchase alone should add 10 million to the mcap

Virtually impossible to get a quote to buy. They've clearly got no stock. Time to move the price up and try to encourage sellers, although I'm not sure that will work as it just seems to be retail accumulating.

Cant believe just how under the retail radar this is. Ridiculously low free float. The figures I'm seeing touted are just for the members of the telegram group (apart from the notified holdings) there undoubtedly a lot more being held and will be held for the rto when it comes. Expect this to move very quickly towards 20p or more. Volume is the key with these low free float stocks, any decent volume and it could easily do 50% more more in a session.

For 47655497
Against 76135899

Jodrell13 if as you say you're heavily invested here you would know exactly why it's taking so long to bring the masks to production

Tbh Giles shareholders have been patient enough. GS promised a January update in the RNS on the 4th, we are now into the 2nd week of February and it still hasnt materialised. Better be something good to come when it does arrive as his failure to deliver on promised self imposed timescales doesn't do the SP any good as has been evidenced in the past

Not really "some skin in the game" plenty here holding a lot more than that. Giles has a TR1 and I know of a few who hold just under the 3% threshold. It is however nice to see a big buy, someone taking a position or adding prior to the overdue update

Expect lots more delayed trades, my earlier buy of 77k @ 9.877 not been printed, guess theyll want to try and make it look like a sell

A person must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:

(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100%

Client-serving transactions

The exemption referred to in [DTR 5.1.3R(4)] shall apply to financial instruments held by a natural person or legal entity fulfilling orders received from clients, responding to a client’s request to trade otherwise than on a proprietary basis, or hedging positions arising out of such dealings.

The exemption for nominee accounts is simply because they do not have the voting rights, they belong to the client who is required to make the notification when the thresholds are crossed as they increase or decrease their shareholding (voting rights)

Roy Rawlins takes 3.04% of the company.