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I'm not sure you understand how worked orders are executed.

maybe google it and do some brushing up on it.

because it will have been worked since 8am. I don't believe it was NS. it was our 'new investor' forward selling shares. and that will be the pattern for the next 2 and a half years, there will be a huge amount of forward selling and big drop in shareprice 7-10 days before each and every drawdown.

At least the YA global death spiral had a clause in that prohibited them from shorting VAL, but they didn't even bother with this one.

Seriously uncanny, you just dont (or won't) get it. so are resorting to making things up.

1. Conventional placing? They placed at a premium

All of the journalists, all of the tipsters and anyone with even a hint of financial nouse has said that this is highly misleading and simply not true.

2. They will never use the £6mn - read the RNS again.

What on earth are you talking about, that is a downright lie. The RNS catagorically does not say or even imply that.

3. NS is still invested and possibly bought more - we will see.

he could have, or he could have held or he could have sold. The 16m sell had to either come from him or our new 'ahem' 'investor'

Uncanny - is your last post re: 301 been confirmed in an RNS ? or are you guessing ?

Uncanny - is your last post re: 301 been confirmed in an RNS ? or are you guessing ?

Uncanny - Seriously, how much are you being paid to post. you are either ignorant or deceitful.

Which one is it ?

Valju - any idea which directors are up for re-election this year ?

Just seen this on tweeter from a well known tipster

"Ben Turney
?

@Ben_Turney
Apr 26
More Ben Turney Retweeted ValueTheMarkets
This deal really is unbelievable.

The company receives sod all. The fee structure is horrific

Claims this was done "at a premium" and that it's an "investment" are shameful. It's one of the worst death spirals I've ever seen. #Valirx is dead in the water

Hi cobalt, yes I can confirm that they would have gotten a better deal from WONGA :)

Seriously, they would have.

Couldn't have written it better myself. Here is a snippet of the article. click on the link for the full article.
It should be read very, very carefully by every single VAL investor. Ignore it at your own peril.

https://www.valuethemarkets.com/2019/04/26/shockingly-expensive-death-spiral-for-valirx-dump-this-toxic-stock-while-you-can-val/

"Friday’s announcement from Valirx (LSE:VAL), which saw it reveal that it has entered into a shockingly expensive death spiral with European High Growth Opportunities (EHGO), is downright contemptible. We appreciate that companies will always try to put a spin on negative news, but the claims from CEO Dr Satu Vainikka that “this investment” is “at a premium” are disgracefully misleading. It is so disappointing that the company’s nomad, Cairn Financial, allowed this RNS to go out, but be under no illusions. This toxic deal spells the end for shareholders (and almost certainty the company). Sell this stock while you can and never look back.

EHGO shot to prominence last year when it bailed out lying “tech entrepreneur” Joao Andrade, of Widecells (LSE:WDC) infamy. That convertible loan was a disaster. It led to an immediate 75% collapse in the Widecells share price and effectively stuck a stake through its failing business model. The clumsy execution of that convertible loan has made it extremely difficult for EHGO to extricate itself from that mess, but clearly the clever people behind the opaque Luxembourg fund are unperturbed."

George, Sorry Uncanny, you put forward a very interesting list earlier.

1. We have an institutional investor at last!

Sorry to disappoint you, but they are death spiral loan sharks.

2. They seek out extremely undervalued investments

No, When companies at the bottom end of thwe AIM market are left to resorting to ultra destructive 'alternative' funding methods such as this, then you know you are well and truly up the creek and these guys are providing a paper paddle.

3. The deal is at a premium, so they see value from DD

Um, no, They have already taken a huge profit as of yesterday just in upfront fees, and are legally able to profit of a falling shareprice and have an incentive to do it through forward selling and then the conversion of the CLN's which provide an ongoing cash cow with a falling share price and zero risk.

3. We have money until 2020, way past 401 CTlll and 201 update.

Well, you are correct on this one, however by then with consolidation and dilution the share price will be about 90% lower than it is today.

4. You could buy at .52 yesterday and now only .50 after the dilution .

Well if you think thats a good thing then good luck to you (the dilution hasn't hit the market yet) and the last meaningful buy went through at 0.449p
5. 75mn traded today and nearly all buying

well thats just nonsense.

6. The uk investor report showed people lived nearly a year longer on 401 plus all types of payments will be forthcoming.

that is still to be verified.

7. The funder is an LT investor not loan shark like in the past.

That is a downright lie. this type of funding is literally the last chance saloon before going bust, and the last thing a company would opt for unless it had to.

They are a loan shark pure and simple, the very bottom end of the AIM market is littered with these sort of deals, usually just before delisting or consolidation.

Valju - its a delayed trade from 1.54pm and at exact same price (0.401) as other sells either side of the trade and buys at that time were going though at just under 0.44 almost 9% higher

definitely a sell.

There are only two parties that have enough shares to sell that amount it's either Nicholas slater or it's our 'New investor'

looks like the first batch of forward selling

Uncanny - I remember both CLN agreements with YA Global and the other with Yorkville.

All three were almost identical agreements to the one announced today (seriously, almost word for word)

And people at the time were saying 'oh great, institutional investors' they were warned then and being warned again today.

They are loan sharks, not institutional investors and will be supplying a never ending bottomless bag full of shares onto the market day in day out, month in, month out.

not sure what happened to my previous post all it said was :

They have already made their money via the upfront fees they have been paid, and can now profit on a falling shareprice as well.

and seriously valju, IF VAL was able to be shorted, and IF i did short it then it would have been one of the trades of the century over the last few years, theres not too many companies you can find that have dropped 99% without going bust and never fail to deliver (negatively) that is !

valju, you said "not really hard to be undervalued at .35p is it?"

When you take into account the first batch of shares due to hit the market soon, the company is valued exactly the same as it was yesterday, although at a much lower shareprice.

Uncanny - were you around at the time of the last three death spiral convertible loan note fiasco's

because you don't seem to understand how these things work.

you are either ignorant or trying to deceive new investors.

Which one is it ?

who ?

can't think of any myself .