Member Info for RichTheNewbie

destitute: yes Pharmaxis deal could come at any moment (impossible to predict when - I imagine they're being choosey and not just going to take any old offer - bearing in mind how good the drug is looking) and yes it's a 17% carried interest that SNG retain.

About 36837 left at ultra-cheapo prices.....

Decent enough interview.
However not sure how wide an audience that sort of thing really reaches though, and didn't give too much detail on the various investee companies to someone new to the company, and why massive value might be generated from each specifically.
I think they'd have a good story to tell, with the likes of Factom and their DHS/Gates ties, being better than a lot of the dross in the blockchain sector.
Similarly, with the Aphria investment track-record, and now EMMAC, which is a lot more credible a company than a lot of the dross cannabis investments out there.
They alone would be a relatively easy sell to those looking to exploit those sectors but who might be wary of some of the rubbish out there.
So some brownie points for starting to do some PR.........but scale it up please (in amount and detail) ;)

I could be wrong (had a super-busy week and a half so my brain is fried), but I seem to remember reference to the recent raise being done to private equity rather than public, due to the current macro situation.
The good thing is, is that they can clearly still command a good price for the shares, and as Bloomberg put it "significantly higher than that of European peers", but "it’s small-fry compared to Canada’s industry" so there's still room for massive growth.
I think it simply reflects them not rushing to IPO, in the middle of Brexit/Trump-tantrums, on top of some rubbish cannabis stocks out there muddying the waters. Which makes sense.
If EMMAC can get the cash they want from private equity, at a good price, there's no rush to IPO, and that can be done (if they still want to) when they think they'll get a good value.

Well that was a masterclass in misleading people Longlad, as you link to an article, then post a quote as if it's from it, but it's not, and seem to be just your own spin! ;)

To be honest I think the article is a load of sh*te anyway.

There's all manner of dodgy dealings on the market and this sort of thing pales in comparison.

Frankly I'd be more reassured by a fund manager putting their own money into the companies they're buying into with their fund than if they didn't! At least they have confidence in what they're investing in rather than putting other people's money but none of their own.

They're the Woodford administrators destitute. It's a technicality/formality.
The process is still as I previously described (ie they'll probably be trying to find large off-market buyers for the shares).
Judging by some of the recent large trades - I think progress is being made in this regard.

Of course those signs are looking flakier this morning and the deal is looking less likely to happen immediately again.....thing I’m going to need to rephrase “24 hours is a long time in politics” to “an hour is a long time in politics”.

Definitely significant volume yesterday and this wasn’t my only AIM share rising.
I think some of the money sitting on the Brexit sidelines might be coming back in via the very early speculators on the signs a Brexit deal might be reached and no deal avoided.
Should be an interesting few days ;)

You would also think one of the larger backers here (Licht/Griffiths/Southampton Asset Management) would be interested in taking some or all of the stake.
Considering all have either previously maintained or increased their shareholdings in previous fundraisings (off the top of my head - on mobile do not checked). Also at prices considerably north of the current one.
Hopefully we’ll see conclusion of this saga soon as it’d be nice to have a clean slate before good news on the loxl2 or sng001 fronts.

SGD27 - an interesting observation. You would have thought it would be less than 3% as that’s the lowest threshold for notification. Does make me wonder if someone has taken the majority of the holding but not all. Leaving less than 5% for PJT to find an off-market buyer for. Suppose we’ll have to wait and see if there are new holdings RNSs soon which shed more light.

With respect the Woodford aspect. It does appear the strategy is likely to be what I described based on articles from the FT (and others).
"BlackRock has been mandated to sell liquid holdings and some illiquid investments, accounting for roughly two-thirds of the £3bn in assets, while PJT will attempt to sell the private and illiquid assets."
"PJT Park Hill is a specialist in “secondary advisory services”, chiefly the sale of privately held assets to buyout groups and hedge funds."
The only change is likely to be now that the SNG stake will, I suspect, now be offered more cheaply at to the HNWs/hedges.

Hah. That'd be quite interesting. For that to happen they'd have to be ultra-confident of a deal for SNG001 though (or even have one agreed in principle). Otherwise they'd probably use it to tide them over until a deal for that.

Emmac is definitely looking very good.
There's actually an interesting parallel with Emmac and Factom in that they're both in sectors, broadly speaking, where there's a lot of sh*te around, and we're in the period where lots of that sh*te will crash and burn or will fizzle out. I suppose at least if a weed stock crashes and burns everyone won't be too angry.....
Both are putting in the groundwork to become serious players in the future.
Factom probably just need to focus a bit more on driving Inc as well as the development of the ecosystem. As you could argue the former doing well would enable and/or accelerate the latter.

"they'd" meaning any interested party

destitute - one of those trade at the bottom stocks....lol what genius. Is that unusual? Do you usually try to buy all your stocks at their highs?

You're also missing the point. They could tout the entire stake around for let's say a super cheap 6p. Some HNW or biotech fund could snap them up and hold them. It would have zero impact on the SP. In fact it could make the share price significantly rise as you could argue the share price could easily be double what it is now if it wasn't for Woodford overreactions on very minimal trading. If Link aren't actively selling the SNG shares on market then they'd find it very difficult to acquire any meaningful amount of shares under 10p (or even 15p you could argue). Frankly, if they engage anyone even remotely competent, they should be able to flog these shares off market easily imo. Just a question of doing the touting round to the right people.

Adastra it’s been the same each time there’s any Woodford news. Each time everyone always says it’s Woodford dumping yet there’s never actually been any evidence of it or change in holdings. Well I say everyone. Usually just destitute trying to scaremonger a cheaper buy ;)

I suspect what will actually happen is the stake will be touted around to HNWs and others and they’ll buy the entire lot off market. They’ll probably maximise their return that way.

I think that's talking about something else.
However I do think there's a lot of money sitting on the sidelines, waiting until no-deal is avoided, and if it is, could well flood back in.

larger=larger player

Does seem to be the pattern of piddly small PI sells and a larger buying them up again. Another 100k block at the end of yesterday. PI's are their own worst enemy sometimes!

Most notable line is probably "Before going public, Mellon has said that Juvenescence will undertake a Series C round with a handful of ‘high-ticket’ investors who are set to cover the whole round themselves."

So we may well see a valuation rise prior to the IPO via that.