Member Info for RichTheNewbie

On the other hand it might make people realise they're better off investing in something like this with a portfolio of high potential businesses that is currently at a fraction of it's NAV ;)

Pharmaxis up nearly 20% overnight.....perhaps we're nearing game time.

Kierewiet - agree totally. Generally speaking, venture capital raisings have been considerably down in the past two quarters, which is probably unsurprising with markets being spooked by Trumps trade wars, Brexit mess, etc. That's aside from the "crypto winter" which is/was a double-whammy for something like Factom. With regards crypto/blockchain there was always going to be a period of wheat from the chaff separation. It's just unfortunate that investor appetite will be tempered whilst that happens. However, going forwards, the stronger propositions will emerge, and Factom is clearly one of the stronger principles imo, with technology that has massive potential.

Like you say, I think the market has massively overreacted to Lorne's "warts n all" bluntness in the review, and it more reflected frustration that they've not been able to progress things quicker, rather than any material problem

On top of that, as I pointed out previously, Factom Inc doesn't even have to turn into a giant success for FFWD to make money. As long as they manage to secure funding, FFWD would likely be able to sell out, probably at a profit, because they'd be getting their stake at a 25% discount to whatever the raising price is.

The non-conversion now would facilitate that and mean that even in the event of a "low" raising price - FFWD are still getting the shares at a significant discount - so provides a measure of protection of the investment.

There’s definitely a bit of JR2187 about some of these characters Ampthill....on the other hand I think there’s also a lot of PIs who are all doom and gloom on everything simply because of the SP.
Many of the investments are looking good, not just leap, but people are just obsessing on the negatives of one thing going a bit slower than expected.

That would be good news Matador............if it was news......but it's not.....because it's just a website quoting last week's news from Emmac: https://www.investegate.co.uk/emmac-life-sciences/rns/expansion-of-research-programme-with-imperial/201909100700237333L/

A further thing I forgot to mention in market musings is there's a pretty good chance that PI heavy AIM shares like this are suffering the knock on effect of a popular AIM share being hammered today.

Sirius Minerals (SXX) are down 50% and there are certain to be people, with positions in that, being margin called, and/or forced to sell all their trading positions / shares, because they were over-leveraged there. That means any other shares they held positions in would potentially see forced sales (as their accounts are closed or to try to bring them back into the black).

FFWD being a PI heavy share would have been vulnerable to this and could easily explain a few sells in the morning.

:)

Of course the other thing I should have mentioned is they can also force sells via margin calls for those using leverage.
That frequently happens at the lows on AIM shares and I think may well account for a large chunk of the "round number" block trades.
They simply have to move it down, below a level a lot of PIs had banked on it not getting to, even temporarily, and they can be forced to sell, thereby justifying the move down, in a kind of self-fulfilling prophecy. (that also applies to those not on leverage too because psychology means they may sell rather than them acting as they would if they hadn't seen the short-term price movements)

I really didn't want to sell anything else to buy more here (especially my long-term holds) and had only been adding modest amounts here.......but these contrived drops exploiting easily panicked PIs is like looking a gifthorse in the mouth.
Nothing has changed significantly since it was 10p a few months ago.
The NAV is just under 12p and that's with no value attributed to the progress / good news on things like Juv/Leap/Emmac etc.
Only thing is PI's get easily spooked and the MMs can simply drop the price and get them to sell. This is despite we know someone has been hoovering up large amounts because of the TR-1 notification.

Example being Condor Gold he's backed for a long time - just recently bought more: http://www.morningstar.co.uk/uk/news/AN_1566210658432352200/director-dealings-condor-non-executive-jim-mellon-buys-495000-shares.aspx

Longlad - I think the short answer is no. If based on track record Mellon will not only be holding he'll potentially buy more if he continues as he has with his other investments that have fallen.

Looks like it's not just me who's been buying up these lows.....as despite the name it's not me ;)
4.9 million shares this chap now has.

Well that would be great if they IPOed and listed on an exchange! Not only because they’d have funding but because it would make it relatively easy for FFWD to offload if they did want to.

robrob - I know you're obsessed with SEO like it's the end of the world but it really doesn't matter that much at all.
Plenty of people do fk all SEO and operate just fine.
It's far more important that they've actually got a commercial website up and running and if they want to do some SEO they can pay a teenager 50 quid over the weekend to optimise it.
In fact there may be an advantage in not doing so initially - testing how things go before ramping it up.
To say the ship is about to sink because they've not yet done some SEO is plain bonkers!

Taken a few more again just now........no point saying they're cheap and not taking advantage.

I'm holding out for Microsoft and Apple at 1p.
NAV multiples higher.
Got a nice amount of powder ready.

Don't be mean chilston......
At least the ODONNELL's appear to be starting to understand the trade feed and now know not everything labelled a sell actually is ;)

I've just checked with the FDA and they've said it's fine for you to buy more ;)

Looks like a proper squeeze by the MMs dropping the price a lot based on a few sells from stale bulls. I'm sure they'll gather themselves up a load of nice shares for peanuts while a few people panic and then in the coming days and weeks start selling it back to everyone at higher prices.

PirateFlag - understandable. Each to their own.
I'm just always a believer in the "Buy when there's blood in the streets" mantra of Rothschild origin. I think there's more than enough value to justify the current SP on Juvenescence, Emmac, and Leap alone......and that's without valuing them any higher based on progress since March! You could quite literally write off everything else and the current SP would still be fair!
So I think there's a helluva lot of upside now, even if the SP fall is annoying, although much of the fall is due to the market conditions in general which have boned AIM in recent times.