Member Info for sandgrounded

Get this interrupted trading week out of the.way and let’s hope to see news after that.

Hopefully a very good year for all investors.

Oh dear. Spamming a lot of boards with your ifs buts and maybes with this share. Your post has been reported.

If we can push through the 10%, that would be great.

This is AIM. The Wild West of investing!

Happy to see the rise this morning, but we have to get over the 10%ers selling now. Good luck all holders and have a good weekend.

Any positive rns should be released on Monday, so that momentum can be continued through the week imho.

The last hurdle to be cleared on the 4th December, if no objections made. Deal hopefully completed by the weekend. Good luck all holders.

LOTM, I was another who got it wrong.

My calculations based on three figures assumed that related to parts of a penny, when it meant it was based on the British pound. As a result, my calculations suggested anything above 0.24 p, would result in a conversion at 0.2p.

You were correct.

The last few days trading has been odd and I wonder if New Tech have been forward selling their shares in anticipation of todays Rns? There is no conversion date given. Only when the shares are expected to be admitted to trading. So I am left wondering when does the next 20 working day period start. From today or when the shares are admitted ?

I’ve always thought that we were on to something here, but didn’t want to show our hand in case we got taken over.

As Paddy says, let’s hope this time we hit the jackpot.

Hopefully New Tech are not forward selling their next allocation!

With New Tech being a foreign owned fund, they may only have to report their holdings above 5% instead of the usual 3%.

They could well be out for now!

Skid, in the morning mate. I need to get go sleep lol.

Skid,

The contract signed, for the £800,000 funding in May of this year is quite complex and the reason I mentioned the 40 million subscription shares was because they are an integral part of the formula to work out how much of that £800,000 needs to be repaid in shares.

At the moment the VWAP for the lowest five days is hovering around the 0.25 pence mark, so if requested now they would get more shares at a price of 0.2p, by my reckoning. So you are correct. A lot more shares would need to be issued if they requested it.

However,if they sold the subscription shares before they requested an allocation , then I honestly don’t know how they would calculate the cash figure remaining, as those subscription shares are an integral part of the calculations.

I would be interested to know your thoughts on that if possible please.

I should have added that 13 to 14% of the total shares in issue were traded today. A decent rise on heavier than normal trading!

This was a strong rise into the close.

Normally the pump and dump is done throughout one day, so traders are not caught out the next day.

Let’s see what happens tomorrow. An early tree shake or a sustained rise?

EC, depends on what type of news. Someone suggested a buy out and if so, that could come tomorrow so we all have the weekend to think about it.

If it’s contract news or FDA news, I think the company would like to give that out on a Monday morning and get momentum for the sp, all week, rather than lose its impact over the weekend.

Just my opinion, but something has caused the sp to rise.

Good luck.

From the last fund raising Rns….

“ Following Admission, the Company's enlarged issued share capital will be 698,225,576 Ordinary Shares. The Company holds no Ordinary Shares in Treasury. This figure of 698,225,576 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.”

9% of 700 million is 63 million shares.

Whilst I agree that New Tech have been offloading, I’m not sure they have finished just yet, unless they intend to keep the 40 million subscription shares.

“The rats are jumping ship”

Yeah, selling their45 shares for 11p lol!

“ Lol the above heading didn't age well

Pump gang disappeared and a sell of 0.24p on the close!! “

That wasn’t your 16p sell was it? ;0)

No interims as yet.

Are people piling in or getting out?

I’m not sure which way this will go. Administration or salvation?

Thanks Dip. Very encouraging.