Member Info for Spikeyj

"How long is long term that's the question" ... clue is in the trust's name, patient. i think woodford suggested having a *10 year* timescale in mind for this.

lol, it didn't last long. anti-phew.

sure, i can imagine that as a pretty plausible scenario for the 'admin' glitch.

that would suit me just fine, clock. as i've always said, please feel free to ignore / filter / report as you see fit.

clock, i have no idea whether or not they are also trying to raise money through loans or not (although if they do use CLNs those do have implications on equity dilution, depending on the conversion terms and pricing). but re your question: "Haven't [sic] considered that the placing was abandoned in lieu of the "funding package"..." no, it seems blindingly obvious from the fairly plain words of this most recent RNS that they have not 'abandoned' the placing; they state very clearly that: "It is intended that these shares will form part of the forthcoming placing and that application will be made for these Shares to be admitted to trading on AIM along with the additional shares to be issued under the placing that the Company is currently finalising"

catch, i don't think they mean that they were only trying to place 1.66 million shares. just that they were trying to line up several pis/hnwis etc to take part in the placing, and there was one particular punter who wanted to sign up for a £25K slice. when the placing got pulled / delayed, DAN would have wanted to hand back the monies already sent in from the various subscribers, but it seems there was one particular punter where something has gone wrong re the admin process of repaying the subs ... so company has to disclose it as it means in effect there is a change in number of shares in issue. they haven't said overall what planned placing size is.

clock, RNS "...It is intended that these shares will form part of the forthcoming placing.." surely, even for a diehard like you, the give away clue that Dan has been attempting to organise a placing lies in the words "the forthcoming placing" ??

yup

about time for at least a splash of blue. been disappointed by the last 6 months.

nope, £6 gone, see where it goes. gl.

hi K3 i suppose in my book, 'the last placing price' seems quite a long way different from the 'open market' price. although obviously, on a share suspended now for many weeks, moot point what open market price is, lol. (i think quob did say that the £2.5m is made up of £1.6m cash plus Dan shares to make up the balance?) since there are zero details available about the investment and its financials, no real way to make sensible judgement about what it is really worth, and whether it will be good for quob or not. ... though of course this is Dan bb, so main issue i'd suggest for this bb is simply what the possible implications will be for Dan of RT having sold off 1/3 of his stake. - probably that will depend on whether the market believes that RT will soon buy back up to /close to his original level, and whether or not the new holder of that Dan share chunk will hold or sell. if RT does not quickly buy back, then any lingering premium still in share price associated with his stake-building would presumably dissipate. so yes, as you say, a waiting game. as an RT sceptic, i remember that his 'intentions' about buying shares can be very different indeed from his actions. but of course in a quantum universe presumably even leopards could manage to change their spots! my own suspicion about his xyz company deal is that it includes the two respective aims of (a) cashing in some of his Dan chips, (b) inflating the balance sheet of quob, to make it look like a company with a high growth rather, high profitability, etc. etc., -- regardless of actual cash and regardless of the real quality of the underlying assets. that would fit his modus operandi of trying to grow companies v. rapidly through interestingly ambitious accounting + judicious smoke and mirrors. but unless you are a quob holder (- i guess you are not?), that should not be very relevant to Dan's own future. meanwhile, at a very plain vanilla level, market needs to hear about the fundraising by Dan, irrespective of RT / quob machinations. i hope it comes good for you here. gl.

cheers, gl

hi k3. " they are trading a volume of shares with an accepted market value of vol x sp (Dan) for a chunk of an unlisted company (xyz)." ... no, not with an 'accepted market value', they have traded at a price agreed between those two parties for whatever their own respective accounts reasons are ... "As you point out, regardless of the value agreed for dan shares, by QPE and xyz, it is only when there is a market in xyz that we can objectively assess whether QPE has gained, or lost, through the deal." ... meanwhile, i suspect that it might be RT's interests for it to be a fair old while before 'xyz' actually gets an exposure to a no-holds barred market valuation. in the meantime, it will sit on his books as a very valuably priced asset, which he will find useful. meanwhile, looks like RT bought more IMTK, while selling off the DAN -- IMTK potentially easier for him to take a controlling interest in? atb.

yes, i know, as per an earlier post of mine the potential value to both parties is that in the short term at least it looks good on the balance sheets. i can see some of the reasons why RT might want to do that. he is a very nimble-footed operator, i would not place money with him, but he's watchable.

out, re RT reduction.

.... no serious answers then .. ?

now that you put it like that, you've given me a great idea! i'm going to sell part of lloyds holding to my broker in exchange for barclays shares, valuing my lloyds shares at £1.50 per share. then i will sell my barclays shares in the open market and buy back lloyds around 73p per share. seems a no-brainer, amazing people aren't doing it constantly... ; )

lol, indeed.

i think the issue is more about cash, and how much the accounts can be trusted. woodford has been pretty clear that he thinks the financials are sound overall despite relatively aggressive revenue recognition, but nonetheless that seems to be the query in the mind of doubtfuls here.

if RT intends simply to buy into this investment by paying with a chunk of cash plus a chunk of his current DAN shares, but with the 'intention' of then buying back DAN shares in the market if/when suspension lifted, why doesn't he just pay for the investment entirely in cash to begin with?