Member Info for roses

This is how dangerous uncanny is to your wealth.

He states proudly

" The warrants are just 0.15 of total commitment during a 5 year period so hardly much more dilution"

When In fact the warrants are exacltly 100% of the entire market cap of the company. !!!!!!!!!

Current market cap £2.9m

funding package of £7.278m

Warrants available as 40% of funding package (40% of 7.278m = £2.91m warrants)

Uncanny - there is just so much wrong information in your post, I hardly know where to start.

But i'll pick out the main points.

Firstly, you say we have £1.3million coming in shortly.

That is just plain wrong. There is £1.278 million before £278,000 fees which leaves just £1 million.

You said there can not be any more dilution for 12 months after the first drawdown. that is just plain wrong, where does it say that. (remember when VAL did a normal placing while in the midst of the last death sprial). and while it seems they cannot convert the shares for 12 months from issue, the actual drawdowns can occur at any time and are expected to last apprx. 1.3 years in total and will be treated by the market as dilution.

You said -" The warrants are just 0.15 of total commitment during a 5 year period so hardly much more dilution"

Really, the RNS says "The Investor shall have the option to purchase an amount of the Company's shares equivalent to 25% of the Total Commitment during a period of five years."
"Additionally, the Investor shall have the option to purchase an amount of the Company's shares equivalent to 15% of the value of each tranche of convertible funds "

You then go on to say " they have 2 - 3 years of funding if needed"

At current cash burn rates they have between 1.3 and 1.5 years of funding.

Post of the day !

Freddy says it's 'nice to see some balanced posting after filtering all but 5 people.'

You guys really should come with a mandatory wealth warning at the end of every post.

trickymatters - you said you have seen me de-ramping on lots of shares.

Have you really, You must be seeing things.

I'd like to know which ones ?

Uncanny - Valirx are obligated to the first three tranches before the AGM and then if the second part of the deal is approved at the AGM then they will be obligated to a minimum of 8 further tranches, making a total minimum of 11 tranches.

uncanny and freddy, did you both fail basic maths

do you know what <3% means as printed in the RNS ?

No uncanny, read it again please

Gone from 3.78% to under 3% which could be anything from 0% to 2.99%

And as mathsprof says, we will never know now as he won't need to do any more decalarations if he sells.

either way, not a very good vote of confidence from our only big (ex)holder

Hang on Freddy, don't put your mistakes onto me you're the one that said you worked it out. In fact your direct quote was

"I did work it out....based on his % holdings prior to disposal of some shares. quantity unknown."

bit of an oxymoron (actually, you both are)

Freddy - please tell me you are joking . You've just said ".the quantity on issue each time he bought"

Are you having a laugh ???

The quantity on issue each time he bought has absolutely zero correlation with anything that is happening at the moment. the only thing that matters right now is the shares in issue right now, not over the last couple of years.

Please, please, please get some advice from a registered financial adviser or you will be bankrupt sooner than Valirx.

Freddy - what figure are you using for shares in issue ?

and then you say "quantity unknown" how can you come to a conclusion if you can't work out the figures you are using ?

I'm literally gobsmacked at the level of naivety shown by two or three on here, although they could be doing it on purpose ?

Unacanny - you are either being purposely ignorant or deceitful .

which one is it ?

THE NEW SHARES HAVE NOT BEEN ISSUED YET !

Freddy - YOU really need to stick to the facts.

The RNS stated it was a 'disposal' .

johandesilva - someone asked that question earlier and this was the reply.

The short answer is no. the new shares are still yest to be issued.

"Valju - you are only required to notify if your holdings change as a result of buying or selling - NOT if they change as a result of dilution.

Secondly The new shares are still yet to be issued which means that his holdings can not of changed (yet) through dilution.

I think the RNS stated that the first batch of the new shares won't be issued until May 1st."

trickymatters - I'm the one that is giving you factual information backed up by official RNS's, it is the two or three on here that are just making up information and resorting to guess work in an attempt to recoup their money.

And by saying you haven't got the information to back up your post just proves my point.

Trickymatters - You said that you had spent some time researching previous investments' from EHGS. However you seem to have left out any and every crucial detail to figure out any sort of performance of the companies shareprice during their involvement, therefore rendering your 'research' useless.

Since you obviously have the facts and figures to hand, could you post each of the companies shareprice from the day before the funding package was announced compared to when it finished ?

I think you will be unpleasantly surprised.

ratcliffe - Yes there is a good chance that Valirx could end up owing our 'new investor' as much as they invested but our 'new investor would also get to keep the 213 million shares for free while the shareholders will have suffered major dilution, a collapsed share price and the company left with literally less than no funds.

woody - yes you are reading correctly.

we are currently down 30% from from the 'buy in price' so we would owe them £300,000.00 + £150,000.00 break fee + £278,000.00 setup fee

if the price drops to 0.3 then we would owe them £500,000.00 + £150,000.00 break fee + £278,000.00 setup fee

if the price drops to 0.2 then we would owe them £700,000.00 + £150,000.00 break fee + £278,000.00 setup fee.

And so on, and so on.

Also they get to keep all of the shares they have been issued from the first three tranches to sell at whatever price they want. its a win win win for our 'new investor'

Valju - you are only required to notify if your holdings change as a result of buying or selling - NOT if they change as a result of dilution.

Secondly The new shares are still yet to be issued which means that his holdings can not of changed (yet) through dilution.

I think the RNS stated that the first batch of the new shares won't be issued until May 1st.

Uncanny - will you now admit that you were wrong again and that the 16.8 million trade on friday was indeed as sell, as has just been confirmed by an RNS ?

Well the only major shareholder has just sold up as just released via RNS

Can't blame him really he's probably down 80% if not more.

Thoughts Uncanny ?