Member Info for saintpeter7

Animal, it definitely was a long day at work yesterday!

Spot the error. Sorry I meant 2 tranches of 500K. Been a long day at work!

Good to see someone buying 1m shares near the close today (in 2 tranches of 50k). Cannot be that long surely before we hear more from the Bod on their plans. If there is sufficient detail when the next RNS is released, IMHO there is the potential for the SP to shoot through the early October high of 86p (not far to go anyway) and could reach 110p, based on my chart trend lines. We shall see! Bring it on!

My understanding of the reorganisation announced today is so that new shares will not have to be issued at 5p or more at or before the RTO. If my calculations are correct, when the CULNs are converted, they will give new shares with a cost of 3.45p and therefore, the company had to reduce the nominal value of its shares and 1p. gives them maximum flexibility for fundraising for the RTO. IMHO what is more important for shareholders is the asset that is acquired and we shall know that after the EGM on 28 November has passed the necessary resolutions for the share reorganisation . The company has until 1 December before its shares are suspended. Whether we will know what the new venture is before that I do not know.

The SP has been consolidating for some 10 days now and so when the anticipated news arrives, which surely should be soon it would not surprise me at all to see some appreciable increase. Vienna - you're not alone. I have two grandchildren staying with my wife and I as they and their parents are in between houses. I never like getting up early in the morning, they don't see it like that!

TEN will be suspended at the beginning of December so not long to go to announce details of an RTO.

I agree that they have not specifically stated that they will sell the Guinean resource, but as they had not been able to find a strategic partner to fund the necessary and contingent expenditure to advance the Mandiana Gold Project to a definitive feasibility study, they might decide to try and realise the asset as part of the fund raising for the RTO. That would reduce the amount they considered was necessary to raise for the RTO.

Noticed that since Monday, there have been 7 sales of 1m shares a time. I don't know whether that was a continuation from last week, but are these sales of shares arising from Jeremy Sparrow's 22m warrants which were granted to him in July, of which 11m may be converted in a period of 5 years from the date of being granted and 11m are exercisable on the execution of an RTO? An RNS would be needed to advise of the warrant conversion and I do not know how long the company has before they would have to issue one. I may be completely wrong, but why would someone be selling so many shares when an update is due soon on the sale of the Guinea assets and the RTO?

Sarkozy - Poor attempt to deramp. A placing at 0.3p - what a joke. Do not believe a word.

Took the opportunity to buy more today. I am very confident that once we are updated with the Guinea realisation and the new venture, this share will rocket as the free float is small. I don't think we shall have much longer to wait.

This report does date from July 2015, and we do not know at what value the company will come to market, but do like the following extracts from the investment report: Assuming a high discount rate of 40% and a market share of just 5%, we estimate the shares could be worth £30.61, which suggests upside of 129% from the current price. Competition: While there are numerous clinical trials ongoing in the US for treating DFUs, we did not identify any trials for products similar to Pulseflow DF. Furthermore, to date, no other marketed devices have been identified which combine offloading and intermittent plantar compression. Valuation: Also, assuming a lower discount rate of 30%, this would translate to a target price of £63.59, or upside of 376%. The company expects to exit in 3-5 years via a trade sale or IPO. The company's shares are currently privately traded.

Also this which shows the massive potential for Pulseflow https://static1.squarespace.com/static/5371fb22e4b0a7ee8e9a6c3e/t/55cdd82ce4b0a4f80be7a204/1439553580286/DBC+Investment+report.pdf

Hi Reg - interesting - it does seem there is massive potential with DBC both here, in the US and indeed worldwide, the US in particular, as needless to say due to the size of its market and the higher degree of private medicine. Found this article amongst others dating from July 2015, which you may have seen yourself: http://www.gecr.co.uk/latest-research/2015/7/27/the-diabetic-boot-company-targeting-a-significant-global-unmet-need . Getting more excited about this now having purchased shares in the week before they were suspended on the back of Jim Mellon's involvement. We could be in for a bagger on this RTO.

Good luck with yours Targus. IRR is my main investment - an amazing number of resources for an AIM company.

SMA's chairman said that investors would be updated 'shortly' when the last results were announced on 27 September. So I would expect an RNS any day now. Often said but quite true on this occasion 'Certainly would not wish to be out of this share at this time'. Targus you might get your wish, but I would not be surprised if details of the sale of the Guinea assets and more details of the new investment are released together for maximum effect. I suppose there might be a placing to watch out for in readiness for the RTO as well. If so, let's hope it will not be heavily discounted. Anyway first things first and let's hope we get an update soon.

Note the uncrossed trade at 0.80 after hours. I don't pretend to understand what an uncrossed trade is even after reading the definition. It would seem to be positive. I agree that the SP should rise towards 1.2p if news remains positive. Seems as if there have been some who have been impatient and sold in the last few days. This does auger well for when the news update arrives. However, IMHO we have to be careful of a spike as this appears to be a share which with the small free float will rise fast only for profit takers to sell. Probably depends on what the next RNS says about the timing of a new investment for the company.

Also surprised that we had 3.1m shares sold today at a time when positive news is expected soon. Well those shareholders will miss out! However, a nice £10k purchase last of the day.

Good start to the day. A buy before the news particularly with the small free float.

No one knows when the RNS announcing the details of the RTO may be with us. The fundraising has been done. Don't wait until the day the RNS arrives before investing as you may miss out on a great opportunity.

I did realise that. Onwards and upwards. The SP that is!