Member Info for stevenmerrett

AND we are still below the NASDAQ close of 123...

For every buyer there is a seller and vice versa, dont read too much into it. I would suspect this is an ATM order getting put on someones books and the MM has sold them on the rise this morning.
IF the MM 'printed it' when the SP is 117/118 the system will say its a sell. As the system looks at the Mid price at the time of print, hence why sometimes the spread widens, and then a flurry of trades get printed. Smoke and mirrors.
Only my thoughts,

This closed at 122/124. on NASDAQ. on Friday.. Seems like London is a deferent market to the US

Sorry, so I dont know for sure the levels or when they are selling as part of the ATM, so you kinda just have to look at the price action and gauge from experience .
https://www.think-equity.com/trading. They can trade on the NYSE , Unless someone here knows the Thinkequity executing broker in the LDN timezone , its all guess work..

Well they employ a company called thinkequity, who have a history of raising funds for this sector. They will be 'advising' what price to sell at etc.. RNS's are issued with the total of funds raised and new shares tradable on the exchange. Since the ATM program a total of approx 11mil more shares are in circulation, some of these are warrant execises . However so far
ATM for may raised $1.8Mil
ATM for Jun raised $2.8Mil
So still a bit to go. : and according to the last RNS see below - They may extend the offering after Jul.
The offering of ADSs pursuant to the Offering Agreement continues to run and will now terminate upon the earlier of: (a) the sale of all of the ADSs subject to the Offering Agreement; (b) the termination of the Offering Agreement by ThinkEquity or the Company, as permitted in accordance with its terms; or (c) 31 July 2020, unless extended.

I can only presume because there is a $20mil share sale/capital raise happening. Its been going on since 60p and a lot around 1115/120 lvls. Once this is over - Bingo.. However after this interview, I would presume ThinkEquity will raise the selling price of the shares and raise all of the $20mil a lot quicker.
I've loaded up my order for tomorrow 118 Bid 2K worth..

Short term its 130. then 155ish. then usually double the breakout so 240/250
But thats purely on a technical basis, with news like this I think those levels dont really matter...

Normally, anything that could have a major affect on the SP , an RNS is normally issued.
Just like when the SP shoots up (or down) usually the CEO will come out and have to 'justify' the movement. E.G ODX

Its a bizarre interview IMHO, never seen one like this before.
A similar company sold for 2.8BIL and they are 40% better ?? KA-CHING.....
As. said yesterday, I'm still a bit sceptical why they have paid 15K a month increasing to 20K for this company to do the interview and promote it . Surely thats why you have a broker. ( to Promote and advise people to buy this stock. )
But anyhows we are on peoples Radar now..
I would guess, they want all the $20mil raised by EOM and this will help bump up the SP and fill the ATM orders.
Also if a bid approach is coming - I think this is the rule- said company will have to pay a 30% premium on the highest price they have paid for any share. .
We shall see Monday..

I thought this what their broker Is suppose to do, approach companies to get exposure and investments ?

Do anyone else think this seems a bit fishy, or is it because I cant believe my ears.. ??

Tiziana Life Sciences (TLSA) is a client of RedChip Companies, Inc. TLSA agreed to pay RedChip Companies, Inc. a $10,000 monthly cash fee, beginning in June 2020, increasing to $15,000 monthly in August 2020, and $20,000 monthly in October 2020, for RedChip investor awareness services.

Im shocked they have to pay that amount of money to get exposure ???
Is this so they can execute the ATM at a higher price - Are they trying to get people to ramp the SP ?
Never known of a company paying to give interviews before ..
Is this common ?

I can only imagine they drop it and fill the ATM.
The MM will be short themselves and a lower price gives them more profit.

the ATM shares... Thats what it look like to me..

Tom- Hedge your portfolio and buy shares in the online blackjack company you have been using .

*volitility would go up

Sry, the current ATM/ADS program is basically selling into this rally. I would say thats the priority, yes you are correct if they announce a cut off date etc.. That will affect the SP, volition would go up, at the moment he needs to raise cash, so kind of wants a steady SP. If it shot to 150 some PI would be getting out and the brokers need to sell X onto the market. it may crash to 100 and he didnt raise the cash wanted. So slow and steady, let them raise the cash needed. You know as soon as the cash is raised, the brokers won't sell the last block, they will keep that for themselves and will push the SP up ...

Thats a very 1 sided view only based on the SP. going up for speculative investors.
GC is running a company and wants to deliver a product to market, that will be his main focus. He needs cash and therefore needs a high SP to raise funds etc like he is doing at the moment.
The StemprintER project is still developing, the intention is a demerger with capital reduction, basically float another company and you will get shares it that. Remember the TOTAL value of your holding on demerger day should = the same as the day before .You will have shares in 2 compnaies, but the 2 companies will trade on their own and both be open to fluctuations in the future,
however I think GC has said it may well just be sold off directly, thus TILS will get lots of cash and we will see some of that.
The AGM is at the end of the week and Im sure it will be spoken about there and we will know more.

as long as its approved at the AGM on July 10.
There will be more Shares in circulation and more cash in the bank. The RNS even tells you how they will spend/allocate that money.

Prob on the phone trying to get the ATM to issue more shares, MM massively short and realise they cant hold it down :-)

There were a lot of people on here saying it was oversubscribed and they didnt get there allowed amount .
Someone said they ask for more and was surprised they got them. Someone said it was oversubscribed they didnt get their desired amounts. Someone said FINNCap shorted the book ?? Finncap advises companies of how much to raise and at what price to the market. -they take a fee for this. !!
I try to keep a balance view and post the facts, there are lot of people on here who dont seem to read RNS's
You were only allowed 1:20 - with an option for asking for more if the balance wasn't subscribed in full.
It wasn't oversubscribed the Majority (54%) didnt want them, so the leftovers went in the pot for the the others , and was gladly taken up by the minority
This could be as people cancelled their OO and bought direct yesterday at 40 or below, like me.
I think we are all on the same page, a certain few just seem to twist the info, and only look at 1 sentence. thats all I was trying to point out.
I would also like to point out yesterday I clearly stated today would be blue and we would close at 42p, so far so good. GLA

READ the RNS, no wonder so many people get disillusioned on here And the amount of twisted info.
Only 54% of the people allowed to participate in the OO did so. The remain shares where taken up by people asking for an extra amount. Thats why it couldn't be satisfied .

The Company has received valid acceptances from Qualifying Shareholders in respect of their Basic Entitlements in respect of 4,089,048 New Ordinary Shares, representing approximately 54 per cent. of the Open Offer Shares. In addition, the Company has received applications from Qualifying Shareholders under the Excess Application Facility in respect of 6,138,510 New Ordinary Shares, representing approximately 82 per cent. of the Open Offer Shares. Accordingly, Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Basic Entitlements.