Member Info for stevenc72

Deadline for the implementation of the policy is 4th May 2016. From the last RNS, dated 4th November 2015....."In the event that the Company is unable to implement its investing policy within the next six months (i.e. by 4 May 2016), admission of the Company's shares will be cancelled in accordance with Rule 41 of the AIM Rules. " So either the proposed acquisition of SalvaRx Limited ("SalvaRx") has to have taken place by this point..... or, other investments will need to be made to enable the policy to be said to have been implemented. In any case, the 4th May 2016 is the drop dead date but I am hoping for news well before then. From the same RNS..."Due to its size in relation to the Company, the proposed acquisition of SalvaRx would constitute a "reverse takeover" under the AIM Rules. Therefore the Company's shares will remain suspended until such time as either an admission document setting out details of the proposed acquisition is published or, in the event that the transaction does not proceed, the Company has taken other steps to implement its Investing Policy".

Now that would be welcome! Here's hoping for news soon, followed by a chunky rise in the shareprice! Good luck all.

Hi Laxey, I am only holding about a million with an average just about where we are now. The next RNS should hopefully give us an indication where this is heading. Good to see a large buy today. All large holders seem to be continuing to hold. This is despite what I would consider to be desperate attempts to entice people to sell by some posters. All bodes well as far as I am concerned. Would appreciate your thoughts on VELA if you get a minute to have a look. Good luck

Very astute.. ...and will no doubt lead to a good return for the purchaser in the weeks and months ahead.

Utter nonsense. IMO of course.

Sarkozy, after you admitted to a personal vendetta against Mr Pearl, I ignored all posts made by you and your alter ego Codders. Mr Pearl has now left SMA and yet you still find time to pop by and warn LTH's of impending doom. Whilst it is very charitable of you, why is this? It it because it is a season of goodwill?

Schroder, I suspect somebody does want it, all IMO of course. I am happy holding here for quite a while yet particularly in light of todays RNS. Good Luck.

What utter nonsense. £500k in the bank. A gold asset to die for. A new board who have stumped up their own funds in the placing. This is only going to go one way if you can hold for more than a few hours! Roll on 2016. Let the day traders have their fun. In for the long haul!

And just for balance....... ........ maybe the counterparty negotiating with the BoD discovered that such certainty ISN'T misplaced.

Great post Laxey. Vegas my ar$$. Still plenty of legs in this little cracker. Vegas my ar$$. For someone not invested he seems to spend an awful lot of time on here talking to himself under his other ID. 2016 will be a great year here. Steve

All good as far as I can see. An RTO of SalvaRx would be good in my opinion. With the heads of terms already signed, this could happen quite quickly. However, by the 4th May, we will know one way or another. Good luck all.

Week night sleeps before the 3rd of November! News therefore expected on new investments in the next couple of weeks... Good luck all

So our first investment is 11.1% of a company that owns 60.5% of iOx Therapeutics. http://www.globaluniversityventuring.com/article.php/4759/oxford-partners-ludwig-on-immunotherapy The above article indicates that the company.... "is currently planning for its first human trial". The article is dated July 2015. Suspect these human trials must take years. Let's see what other investments the next 4 weeks brings.

Positive RNS but as expected with this share, patience will be key. This is the first step in the implementation of the investment policy. We should therefore expect further updates in the next 4 or so weeks. Holding tight. Steve

Hi Bladesharp, I sincerely hope not. I fully expect that they will either have made some investments (i.e. implemented our policy) or, hopefully, we will be suspended as a target for an RTO has been identified and due dilligence is taking place. Of course they could suprise us and come out with news that an RTO has been completed! I doubt they have set this up for nothing. Steve

"The Company would need either to implement, to the satisfaction of the London Stock Exchange, the Investing Policy or to make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules, in either case, within 12 months of the Company becoming an investing company on 3 November 2014, in order to avoid suspension of its Ordinary Shares from trading on AIM." Hoping to pick up a few more before the end of October!

22nd August 2014...was the date of admission. The acquisition I believe needs to be made therefore prior to the 22nd August 2015. If not, shareholder permission will be required to continue with the acquisition or alternatively funds, or what's left of them, will be returned to shareholders. Again, from memory this is what the prospectus indicated. Hopefully not long now.

Patiently waiting laxey, patiently waiting. Surely not too longer now. Hoping for pounds rather than pence here when the suspension lifts. Regards Steve

Expecting news this week hopefully.

Reference to GIS in the Director Deals section of the RNS. Steve