Member Info for Soupdragon78

They’re allowed to know things that are not in the market, they are not allowed to trade on that info.

Have you evidence anyone has done this?

Dustymop, the company has no control over the placing price.

The company has an idea of the amount they want to raise so they go to a broker, that broker then goes to their clients to see who would be interested in putting their money forward.

In order to make it attractive, the broker will need to put forward a price that can attract enough of their clients to put up their cash.

Increasingly clients want a cheaper price to derisk for themselves.

As mentioned before, the NFX raise wasn’t just a placing, they have some individuals putting money in, so the question is… what do they know that regular punters don’t?

We all have our reasons

Not really, if they double your shares and the sp halve you’re in the same position.

I think the sp would drop to reflect the stock split, so if they do a 2 for 1 split then the nominal value falls to 0.05p and the current sp would halve from whatever price it is on the chosen day.

So if you are buying now you wouldn't benefit.

Actually just as I pressed send, I picked up on what you're putting down. Not sure what it means for shares purchased right now.

They would split the stock before the new shares go on the market probably at the end of October.

So, have an EGM in the next couple of weeks, then split the existing stock, then place the new shares on the market.

Its the other way round, they have to lower the existing shares nominal value to meet the new 0.05p value. Or they may even place it lower at say 0.01p so as to allow future raises.

I would have thought you'd have to split the existing shares to drop the nominal value to that of the new shares.

Agreed, 2 for 1 split likely. So once thats done, plus the placing there'll be circa 2.2bn shares in issue.

So at 0.05p thats about £1.1m mcap.

We shall see FX…. We shall see.

Don’t worry about trans, ever since he’s been here he’s told us how bad the company is, yet for some reason he refuses to sell.

‘This has always been a 50/50 bet’

That’s pretty good odds in the pharma world, sounds like a good investment to me

And for some reason you're happy to hold?

Lol NFT's, literally the opposite will happen. They will split the stock 2 for 1 to achieve the 0.05p nominal value.

After that, well... you never know, they might get six coin tosses to go at?

Nope, didn’t sell. I’ve doubled my position.

Lifestyle company, don’t make me laugh. There are much easier ways to make a lot more money than to run NFX.

FX, TR1's are after the shares are issued.

Interesting question, who else bought in? There were 160m shares in the subscription 56m were bought by the board. So someone else has put their hands in their pockets.

Good luck Thompi.

I've got a buy order in for 6m at the placing price, lets see if it gets filled.

If nothings happening, why would the board buy £11k's worth each after not being paid for over a year?

So there we go.

At least Julian, Maddy and Dan have bought some.

Depends on what he’s doing