Member Info for rickmeister

If its the same way as my local then its a slip of paper in a cardboard box. Not sure pubs are very sofisticated! (bad spelling deliberate)

One of my decisions to invest here was that SNG had a fund raising in March 2020 for £14m so I assumed they had adequate resources going forward. I don't know what their cash burn is but I still don't think they will need to raise further cash in the near future.

Genuinely surprised to see this below the placing price across the pond. Bet the placees are not amused.

You can't have the nominal value of the company less than the market cap value. All shares carry a nominal value, usually1p but can be less or more. Multiply the no of shares by the nominal value of each shares and you get the nominal value of the company-if this is less than its mcap the nominal share value has to be decreased. I think delisting is a cert now as Solenta are insisting on it before lending any more money.

Though it is not very clear from the RNS I am assuming all shares will be consolidated at a 10:1 ratio. There are only 79m shares in circulation, which is a piddling number, and after consolidation this will reduce to 7.9m plus the placing of 3.5m, giving a total number of shares in circ of just over 11m-taking out those held by directors and larger investors the free float share are very small. If I have read the RNS correctly this could mean that the SP could fluctuate widely on a small number of share being traded in the future. I assume this is what the directors are after. Anyone care to comment or correct my assumptions.

US tends to lag. Would expect SP to recover today and NYSE to follow suit later.

Restaurants, especially the smaller ones have been crying out for an alternative to Just Eat and Deliveroo who effectively dictate terms and charge increasingly high fees. They succeeded because they were disruptors, maybe DISH will disrupt them.

Even accounting for a fall back on Nasdaq, we should have finished at 300+!! If Nas can keep its current price then Monday should see a good rise again. Fun w/e all.

Anyone got the closing price. III all over the place.

Exactly what's wrong with AIM. A company of this quality shouldn't be dependent on MMs and their pricing strategy and agenda.

Don't tear up your betting slip just yet

Are they here? And no its not. If you already have the disease a vaccine is no good to you but treatment is. SNG have a very effective treatment by the sounds of it. We know little about potential vaccines, delivery rates, storage requirements etc. SNGs product is inhaler delivered so should be easy to store. Happy to be in this share (and TILS).

Can't make sense of it today. Nasdaq dropping back but still well ahead. No wonder TILS wants to get out of AIM and the bl**dy MMs. Diabolical.

Looks like its already heading back up.

Nasdaq hasn't yet-more than doubled. This could push on as we approach close.

Yes. The 5:1 ratio has been changed to a 2:1 ratio.

No its not and I have said why, but check out the recent RNSs for tils and its performance on Nasdaq, ticker TLSA. Doesn't make SNG a bad share to have just TILS has everything right at the mo.

Because Nas is at 8.86, which divided by 2 and the exchange rate at circa 1.29 gives you 343.

Check out Nasdaq, equivalent here should be 343 if my maths are correct.

Are you sure? Firstly Nas pre-market can be very inaccurate to actual opening. That said I am seeing 5.50-7 pre-market so if we average that at 6.25, which if divided by 2 (the new ratio) and by the current exchange rate I get our share price at 242, above where we are but not 80%.