Member Info for ryanf

Not many selling and the price is going up. Yikes Steve.

I think the shorts have to close...?

Oculus, I agree and my point was that because the terms are what they are, is the reason the SP catered to 40p.

And let's be honest, the demerger could and should have happened at least a year ago maybe more before even more FCF was swallowed by Ingenuity but oh no, that wouldn't fit into Mouldings big heist plan.

Shill.

Sorry but since the demerger was known, the SP declined from 65p to 40p. On what planet do you think people want the demerger?

I want the SP to go up, whatever that means. Clearly not the demerger of Ingenuity after £1bn capex sunk and it being sold off for equivalent of £25m pre dilution.

Are you Matthew Moulding, Investing101?

Investing101, THG IPO'd at 500p and went to 800p in January 2021. Now we sit at 45p. What part of that wasn't a covid boost?

Literally the top of the market for Asos and Boohoo, Moulding played a blinder.

Now he's taking Ingenuity private for the equivalent of £25m pre dilution.

Could it literally be any worse for PI's, aside from bankruptcy?

No worries Stokie, I'm of the opinion that Ingenuity is being effectively stolen and if I had the chance I will lump into Ingenuity, but I have no need for instant access to gains and I'd be willing to take the risk on Ingenuity.

Unfortunately, my broker is pathetic (trading 212) and they haven't given me the option. I may try to pick some up on JP Jenkins after but who would be selling those after they opted to keep them? I imagine the value of Ingenuity will skyrocket straight away, Moulding knows this and wants PI's to take RemainCo.

You may have a different time horizon or risk tolerance, so you need to assess that for yourself.

Side note, I still haven't had a response from THG Investor Relations after I asked them how I can keep my Ingenuity share given the CEO stated that "no small private investor would be left behind".

Honestly, we need a dark Knight savour to ruin Mouldings plans. Apollo???

Jagdyman.

Option 1 means you keep your THG PLC holding. After the demerger, THG PLC will only include Beauty and Nutrition. Option 1 means the number of shares you own in PLC will not reduce.

Option 2 means you sacrifice some of your THG PLC holdings to hold privately owned shares in Ingenuity.

If you have 10000 shares in THG PLC currently after demerger you will have:

Option 1 - you will keep 10000 shares in THG PLC. Your shares will only have ownership of Beauty and Nutrition. You will no longer have a stake in Ingenuity.

Option 2 - your share count in THG PLC will reduce to 8660 shares. 1340 shares will be converted into Ingenuity shares. Your Ingenuity shares will not be easily tradeable as they are not listed on a stock exchange.

Shorts need to make sure that the positions they have borrowed will not be converted to Ingenuity. How are they able to tell, if there a potential that someone opts for 100% of their allocation to be Ingenuity?

To me, the shorts have to close. It's why Steve is going into overdrive.

Marshall Wace below 0.5% short.

Fat finger, missed you the past few days Steve, you missed a 20% rally!

Where have you been Steve? Missed you for the past few d

Train tracks, you're forgetting that people had to put money into the placing.

We had 1.3b shares before, THG did a raise where people put up money for 200m shares, and yes those 200m are being used to transfer into Ingenuity.

If you didn't participate in the placing, effectively yes Ingenuity is being taken away, but it removed the capex burn that THG PLC would have had to fund for at least another 2 years.

You have the same rights as everyone else, you can get your guaranteed share of Ingenuity (13.4% of your current total THG share count).

The benefit of being in a private company is when it inevitably IPO's again, it'll IPO at a ridiculous valuation, bit like THG did in 2020.

Didn't know you could vote with shares sold short, Steve?

It is known that there will be 200m fewer shares in PLC after the demerger.

The shorts do not own the shares, they are borrowed. They do not know which shares will be converted from PLC into Ingenuity. It is not possible to short Ingenuity shares whilst they're private.

To me, this suggests two scenarios that I have fully worked out yet:

1) all shares sold short need to be bought back.

2) 13.4% of all shares sold short need to be bought back.

Logically I feel like 1) is the right answer, and if true means approximately 30m shares need to be bought back in December.

Hold on we could be in for a good Christmas.

Moniman, I think you have a case for referring to the FCA. Let us know how the complaint goes.

Amers, if you choose to not have any Ingenuity you will keep the exact share count you already have but it will all be in RemainCo

We already stepped over the precipice and crumbled into a horrible mess at the bottom courtesy of Mr Moulding pushing us off and taking our lunch money.

We have to take things into perspective here.

Yes they're late.

Yes they haven't communicated to the market.

Yes they choose poor language in the RNS.

The shorts have taken full advantage of this because in reality, they know that THG are actively trying to improve the SP. It's almost like one last drop before we can recover. You see it on so many shares where it hits a double bottom then goes on to make a monster recovery.

THG isn't going bankrupt, they just raised £100m.

The institutions who participated in the placing are no mugs.

TGL sunk £250k at 45p.

I said when the demerger happened that the shorts will go into overdrive. You have Steve posting here at 6.30am every day, PMH posting till 10pm. I'm sure they've done very well shorting this but also feel their time of being able to short to this degree is coming to the end, what with the FTSE 250 inclusion and simplification of the PLC.

The RNS stated you can take as much Ingenuity as you'd like (although there must be a maximum given low Ingenuity equity value), so just do that if you think it's being stolen from you. People have asked their individual brokers whether they can do this through their isa and all seem to say the shares will be held outside your isa wrapper. I know tax implications but we are where we are.

Anyway, it's often the darkest before the light. Chin up, we might have a good day today.