Member Info for Safi123

This share has no bottom, the market wants nothing to do with CVJ or the board. Maybe once shares suspended he can be given the boot. That alone will restore some confidence.

Not sure about a takeover - I’m sure CVJ would gleefully accept an exit at any price so long as he’s paid off, but I don’t believe shareholders would accept anything

I agree about it being a takeover target, but it’s possible the board has been resisting takeover efforts at the behest of its larger shareholders.

With £20 million to see to the completion of the gas exchange trial, assuming it’s successful, how much would the business then be worth? 100million plus? A large business such as Philips, GE etc would stand to make enormous profits even paying 5p+ (which equates to a 60 million valuation).

The current sp is due to a weak board and even weaker PIs. The market cap will rebalance, so long as shareholders hold out for a few more months for better offers/funding. We still have perhaps 6 months of funding left - why give up now?

Do delisted companies find it any easier to fundraise? I can only see delisting as a mechanism to strengthen control the BOD over the company, who weren’t doing great job to begin with. Please explain how delisting improves fundraising options.

The top 3 shareholders have combined 46% share of the company. Which means even if all 3 agree to delisting, they would still need to convince at least 50% of remaining shareholders to support a delisting, to get the 75% threshold. Seems like a near impossible task. Who would agree to that, knowing it would mean complete wipeout by dilution? Might as well keep holding out, as even with liquidation you stand a better chance of a return.

“After careful deliberation, the Board believes that, under certain circumstances, a transition to a private company structure could reduce operational expenses, provide greater strategic flexibility, and broaden access to capital on more favourable terms.”

How would delisting improve cash flow or operational performance? It wouldn’t make a difference to sales, and only make a small difference to operating costs. So this RNS doesn’t make sense.

Rather IMO CVJ is trying to keep his own cash flow. I believe he has been offered to keep his cushty job at Polarean, so long as he delivers the business to an interested party at the lowest possible price. A takeover on AIM would be too pricey, so delisting makes that much easier?

The best option for shareholders is to force him and the CFO to step down, and set up a formal sales process. If no buyer found, all employees should be let go and the remaining cash and assets be used to return whatever cash is left to shareholders. It might be 0.5p plus in that case. Perhaps this is what Newlands foresaw.

Correct me if I’m wrong, but aren’t aim rules that the offer from a significant shareholder be no less than the highest price of sp over pay 12 months?

Allowing the company to delist essentially means all shareholders will be diluted to 0 anyway, so I don’t see how holding out until bankruptcy is a worse option

If they liquidated the company today cash might be enough to return 0.5p to shareholders surely

To be fair Bulsit, it’s fairly obvious you’ve been posting under multiple different aliases. The sum of which whose posts easily outnumber all other posters here combined. A bit bizarre but not even necessary, as you made some good points before and being bearish was the right play. Same goes for you claims of having insider discussions with CVJ. All a bit fanciful isn’t it?

It seems like this company has broken you, and you want to see it burn. Fair enough, but all it does is eats your time and energy, whilst doing nothing to make back the presumably large amount of money you lost.

They clearly stated they had not solicited funding yet, so at least that rules out dodgy agreements underlying current sp crash.

They did explain they’d need funding prior to the trial commencing by the end of this year, which means they have at most 3 months to garner enough interest for a decent raise. I don’t see Nukem or Bracco allowing their large stakes to be obliterated by dilution, and they reiterated they were v supportive of the company.

Most interestingly, CVJ said he was delighted by the email about the NIH order coming just before the call, which is awfully suspicious to happen on the same day as the results. No way that’s a coincidence.

He also said he had actually hoped for more emails for orders to come through this morning. Not sure if he genuinely was expecting or just being wishful. Were they arranging off hold off receiving orders until today in order to shake weak hands first? I can’t help but feel the sp crash was engineered. Let’s hope the MMs bullish campaign now begins.

The sale RNS a few hours after the interim report tells you all you need to know. Newsflow is manipulated. Am still holding as I believe they are still trying to shake out Newlands. With the confirmation that no imminent placing will take place, surely we’ve hit the bottom. Look out for tr1 tomorrow.

Scary times

Didn’t Newlands stop selling since the crash? Aren’t they obligated to send out an RNS every day they sell?

The prevailing narrative here seems to be Polareans valuation is entirely dependent on its sales and cash position, and since this is AIM something bad must happen. Bullsit you may well end up being right, but your posting suggests you are suffering from PTSD (as a lot of AIM participants are).

Would large players would rather wait for companies like this to go under and then pick up the scraps? Seems fanciful to me. If Polarean does go under, it would be a major setback for all parties involved, and may allow another predatory party to sweep in.

CVJ, Nukem and Bracco would have known another funding round would be needed around this time. It’s clearly signposted in the projections. They wouldn’t stump up 8million if they were expecting dilution. From what I can see, CVJ has largely achieved the planned use of funds. They’ve made their trial submission, taken steps towards commercial traction, expanded the indications, and generally kept their nose clean. We don’t actually know if there have been any sales or not since their last update in March. They don’t care what weak hands do in the meanwhile, and wouldn’t notify the market for the sake of PIs. But I suspect we will find out in the interims.

IMO Phillips DO want to get in on Xenon MRI, as their engineers and clinicians see it as a valuable future revenue stream. This technology is attracting a lot of attention in the scientific and academic world, as evidenced by the recent presentations, awards and publications. Especially with the AI optimisation prospect. But they cannot risk waiting until Polarean gets gas exchange, because Bracco and Nukem already hold significant control and won’t allow dilution of their stakes for a new major shareholder.

I feel there’s therefore a a good chance Phillips taken a stake at 1p, perhaps £5 million giving them a similar share to Nukem and Bracco. CVJ is perhaps not the most adept salesman or scientist. But he evidently does know how to network and raise funds and I suspect that’s why he was hired.

The sp was actually hovering around 1p until Newlands starting dumping their stock. I feel that’s where the market was expecting further funding to come at. Perhaps they are pushing Newlands out before announcing anything as they see his influence as problematic.

Of course, this is merely conjecture on my part. But I reckon it’s as good as guess as anyone else’s.

No holding rns today, maybe that’ll come on monday. Neither price sensitive ‘bad news’ as some predicted surely would have come by now.

They already signposted interims would be weak. So that was already factored into the SP. I notice there was a drop in the sp in April, then there was a rally in May-June after they announced a bunch of promotional deals. Surely ‘insiders’ would have sold at that point rather than waiting until just before interims?

They’ve been mum since then. Occam’s razor suggests they simply haven’t sold anything and have little to report. But I also guess/hope they are planning another flurry of good news, and waiting for weaker hands to be shaken out first. It’s certainly preferable to release a positive rns after rather than before a big player exits.

I agree doesn’t make sense for them to announce a placing now of all times. They should still have 6+months of funding left and you really need positive sentiment to deliver a successful placing.

You could be right. But in that case, surely this seller had advance knowledge and is insider trading? They seem desperate to get out all of a sudden. Perhaps they were contacted about their interest in a new placing?

Did not expect it to break 0.85. Someone is scrambling to get out. Big volumes are back. Looking very ominous now. Maybe Bulsit was right all along? Nevertheless I still hold.

Everyone’s holding their breath because they know it’s crunch time

Interesting prediction. If they truly have run out of cards to play, it may go down like that. But is the situation so critical yet?

They still have some time and cash to play with, and a lot of interest/exposure though it hasn’t yet translated into revenue. They have powerful industry supporters who would benefit from Polarean’s success, and who seemingly are trying to help the team get some sales in. How can you be sure a big announcement is isn’t in the works? Let’s see what the new week brings.

Have you considered you are as bearish now at this range low, as your were bullish at the top? The market isn’t about money, fundamentals, news flow etc. it’s about human nature.

You’ve obviously been deeply affected by this share. Lost money is of no importance, but lost time especially to obsession is the real wealth you are wasting.

Newsflow is always manipulated in AIM. The absence of positive news is not an indicator that shares are overvalued. If there was any encouraging RNS the price would be much higher than it is now.

The only way to get an edge over the market is to either use chart indicators to judge when the shares are oversold and sentiment overly negative, or to have a good grip of the industry and macro factors to predict the demand for this product

Technically, the share is at the extremes of the bottom range. Here it can either punch through and collapse, or form a spring. But general idea is to buy at extremes of a range. So far despite the volume it’s holding above the yearly low, which indicates someone is happy to pick up these shares

When daily number of trades is less than number of posts on this board , you know PIs are at breaking point

We are deep in the capitulation phase of this share IMO. There has been a flurry of good news yet traders remain skeptical. Bears gleefully mocking investors. IMO next week the move will be sudden and aggressive (and hopefully in the right direction!)

I meant I don’t see new lows happening