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I agree with you guys that this is a great funding arrangement that hugely strengthens the company going forward. Someone said yesterday that it would be tough to break £1 – I can’t help feeling that if this news had broken when the SP was not close to £1, the effect would have been different. In any case, if people wish to sell in the 90s and drive the SP back into the 80s, I will definitely top up further. Otherwise the SP is today more or less what it was yesterday when I last topped up so I will wait for now (I should add that I am not expecting to get my 80s price).
Does anyone have the latest state of play on the IG shorts, and others? Given the company’s new found financial strength, I can’t see what choice they have but to close out (or pray very hard).
GLA, DYOR etc etc

Hi Craigy, I have followed your journey on this share with interest and I'm glad that things have worked out for you. Actually our two stories are fairly similar - like you I bought in to the old HNR and watched the price collapse to 3p. I was nearly suicidal then and nearly sold out - I think if I had sold out, I definitely would be suicidal now. Watching this recover has been amazing, and I have been tempted to add more on the way up.
I was actually thanking Bigkahuna though because this morning he posted the following:
"IG was short 31% on Thursday, 30% on Friday and 29% today. So the smarter shorters are starting to buy back, still probably 4m shares short so a lot more buying to come from them. Every short is losing money now, some a lot of money. I am still buying."
I was already thinking of buying more, but that info on the shorts did it for me. I had expected the SP to rise as those poor b's buy back; I hadn't expected the joy of another holding RNS
Good luck to us all, although I don't think any more luck is needed with this share - it really does seem to be just a question of patience

Thanks for this info - it persuaded me to add another 20,000 shares this morning at 99.44. Of course, I wasn't expecting another holding RNS!! Where do you get your info on the shorts? I can't believe that people have still not closed given where this share is heading. Thanks again!!

Hi Matt, Well I see we last chatted on 10 Feb when you had just bought some for 80 and I got lucky at got some at 78. That trade increased my average price quite a bit but of course I wish now I had gone further. In any case, you were right then that the price difference didn't matter much long run. This is the only share I have where I feel comfortable averaging up. It is such a unique opportunity. As many people have said, CBD is now all the rage but when you compare ZOE with new IPO start-ups, it's men vs the boys. So max price, I'm not sure there is one. It's just how much you are prepared to risk. My own biggest problem is avoiding the huge temptation to sell everything else and put my whole portfolio into here. Of course if I had done that on 10 Feb, I would be laughing now.....Best of luck whatever you decide...SC

According to londonstockexch.... site, someone has just bought 675k shares at 80p a pop for a total of £540k. How is that even possible without the SP exploding????? I assume it has to be a buy given the SP and other trades at the time.

Unfortunately the last RNS said: "The extension of the Longstop Date, at which time the Offer lapses if any of the Conditions have not been satisfied by such date..." so I have a nasty feeling that, that is that.
All those dreams of NY wheels.....

Unfortunately this selling at 0.17p could go on for a long time because according to Msmn website there are still over 263 million warrants to be exercised at 0.15p expiring July 2021.

Hi Karv
I have (for me) quite a big holding in AV and like you I am concerned about the GT risk. However, I am hopeful that the sale of the AV France business to Macif (or Aéma as they are now called) does change things quite significantly.
The RNS states:
“…a specific indemnity agreement in respect of the 'known price' contracts, written by Abeille Vie between 1989 and 1997, that would share the risk in the unlikely scenarios of certain costs in respect of these contracts rising above Aviva France's already appropriate existing provisions.”
Note that AV UK does not take on all the excess risk but shares it with Macif although the % shares are not specified here (maybe they are elsewhere?).
In any event, I suppose that the French courts and even more so the politicians would be very reluctant to see a contract like this bankrupt a major French insurer. I also assume that it is not in the interest of the policy holder to bankrupt them either. So I guess that a pragmatic solution will eventually be found with the guy being bought off for some amount. As long as he continues to argue that all he wants is for his contract to be honoured, I think that this will just drag through the French courts (which are notoriously slow at the best of times) in Jarndyce and Jarndyce fashion and unless he has incredibly deep pockets, at some point he will want to settle.
All IMVHO of course.
What I can’t understand is what induced AV ever to taken on these contracts in the first place. Hopefully whoever did (or rather didn’t do) the due diligence has been shot

Although I think you are right about the substance, I can't help feeling that it is one thing to have someone producing nonsense reports but another when they start being used by companies in their RNS, for whatever reason. But hopefully you are right, least said, soonest mended. Otherwise I thought that yesterday's ZOE RNS was brilliant and I am happy to stay invested a long time in the company

US markets were closed yesterday - Washington's birthday. I assume this included OTCQX.
On other news, I was hoping that Zoe might issue some kind of reply to the PATH RNS yesterday

Not quite sure what is going on here, but just managed to top up 25,050 shares at 78p when the SP range was/is 78-80???? Good for me, I hope

I bought my first lot of gummies a while ago and just received an e-mail marketing follow-up from Zoetic with subject line "The Gift of Happiness for you and your loved ones". Very smooth and professional design - and with the added bonus at the end "Zoetic Men's Line - coming soon". It looks as if this company really is going places....

Thanks for the excellent summary - it's starting to look a lot lkie Christmas....

Do you know what happened to NoLaughingMatter? They may just have been ramping but I owe him or her one for persuading me to hang on to my Zoe shares as the price began to rise.

Although this is great news, the reason the SP does not rise is quite simple - every time MSMN put out a good RNS and especially when they put out a flurry of good RNS, we get a heavily discounted placing accompanied by a lorry load of warrants. If JB wants to re-establish confidence, he could either issue some convertible loans at an SP of, say, 0.5p, or allow existing holders to get in on the act. So long as this remains a "mates-rates" share it's hard to say the SP rising.

I assume that this means that they have enough funds to participate in the auction, not proof that they can complete the whole project since no one knows (as far as I know) what this would really cost.

Anyway we will see soon. If they don't participate in the auction then things look even more dire than right now.

However, I suppose there is always the possibility for them to buy the parts from the auction winner, assuming that the winner intends only to scrap the parts

Begging for funds from the mayor is a different part of the "strategy"- who knows if they get the parts, maybe the mayor will come onside although I agree it looks bleak

Let's suppose that you are a company trying to build a wheel and you have not yet paid for some key parts. And these parts are soon going to be auctioned. Would you try to find the cash to buy the parts at the original price or wait for the auction knowing that you are the only company that has any use for the parts, other than scrap. And you have been authorised to take part in the auction....

Just sayin'

Houston, we have lift-off!!

If JB sorts out GEM as well, who knows where this could go

ATB all LTHs

Not all buys are showing. I just topped up 950k shares and had to pay 0.57.

Looks like Mosman finally has its act together at the corporate level (what a pity about the Gem investment though).

Let's hope the share price follows suit

No idea why this is falling like it is, although of course Deutsche Bank selling out has not helped. This must be getting in to potential takeover territory though.

D220: 130k F29 261k SCSC: 64k