Member Info for stevenmerrett

Probably Zero Davde, as 1. PI's havent got the confirmation of the OO shares they've applied for
2. If the guess they will get them, they are tradable from July 13, so you could put a spread bet on to lock in your profit - very risky and high margin
3. You get a 1:20 ratio - Lets say average investor has 5000 shares. So they get the chance to buy 250 more shares at 40p so thats £100cost . Is it worth it ?

Well we will see tomorrow. If it doesn't, its not a major issue as it less cash/less shares in circulation . they have sort of budgeted for the OO not to be fully taken up. I read it as- its a bonus, we aren't really bothered. The fact that the larger placings were over subscribed and the directors got involved is V positive.
People need to ask : Are people buying the OO to make a quick buck ? Or are they doing it to invest in the longer term etc etc
Also Imagine if they didnt offer current holders the OO - there would be uproar. All those people that had bought above 40p just to see ODX issue shares at a 27% discount ! Its not great, so they had to do it.
They have given us a time frame of End of Aug to be producing 200K a week, until then you just have to sit still and wait this out.
I believe tomorrow, will be a blue day . closing around 42p

Block16legend
Did you not read the RNS from June 19 ? I suggest you read it. EVERYONE please read it .
I have already posted this today, The OO was so current investors could have the chance to buy at 40p as per the placing price.
UPTO 7.5mil. are available via the OO- so thats the maximum they can issue, if its not taken up.. Oh well ODX gets less cash (and less shares in circulation) . The placing of all the other shares has happened.
Directors have bought some of the placing 50, 000

Placing of 19,950,000 New Ordinary Shares at 40 pence per share,
Subscription of 50,000 New Ordinary Shares at 40 pence per share
and Open Offer of UPTO 7,531,100 New Ordinary Shares at 40 pence per share

http://www.omegadiagnostics.com/Portals/0/ODX%20Fundraising%20RNS%20%2819_06_20%29.pdf

• Open Offer of up to 7,531,100 New Ordinary Shares (“Open Offer Shares”) for Qualifying Shareholders on the basis of 1 New Ordinary Share for every 20 Existing Ordinary Shares held (with excess application facility) to raise up to £3.01 million.

:-). I hope he bought back in at 100p. as lots of people advised him...

Im not sure, I think the ATM are being done at the moment on AIM. Hence why the SP is moving up a lot slower here.
There is more to buy on AIM compared to NASDAQ
It embarrassing for the broker not being able to sell at 120 when NASDAQ shares are crossing higher..

Read the RNS dated June 19 : The answers are all there. The placing has been done, it was oversubscribed.
The OO was a sweetener for existing share holders to get some more shares at the discounted price based on the SP of 55p which was the price the day before the OO . Any money raised via the OO is a 'bonus' for the company . They are giving you a chance to buy at the same price as the II. did in the placing 40p
Here is the prospectus : The last page has all the deadlines etc. Tomorrow we will know the outcome of the OO, and if passed the new shares will be available on July 13.
http://www.omegadiagnostics.com/Portals/0/ODX%20Fundraising%20RNS%20%2819_06_20%29.pdf

that it has raised gross proceeds of £8 million via a heavily oversubscribed Placing and Subscription of 20,000,000 new ordinary shares of 4 pence each ("New Ordinary Shares") to both new and existing institutional investors and a number of wealth managers at an issue price of 40 pence per New Ordinary Share (the "Issue Price"
Furthermore, the Company proposes to raise up to an additional £3 million by the issue of up to 7,531,100 New Ordinary Shares pursuant to an Open Offer to Qualifying Shareholders at the Issue Price ("Open Offer", together with the Placing and Subscription the "Fundraising"). The Issue Price represents a discount of approximately 27 per cent to the closing mid-market price of 55 pence on 18 June 2020, being the latest practicable date prior to this announcement. This discount reflects the rapid rise in the Company's share price from 11 pence on 8 April 2020, immediately prior to announcement of Omega's participation in the UK Rapid Test Consortium.

not sure, let see what prints appear later in the day. Maybe ,again all guess/speculation that they dont want to show large block trades, and 'print them' in smaller amount like yesterday. there was a 60K , a 25K and then lots of 5/10K's all and dealing times between 12.30/1600 but only got printed after 1600
who knows..

I would suspect the big buys, get put on the book (warehousing) , then at end of day they fill the client (ADS) and say you have sold X today and then it will print on the exchange.
Thats how I used to work it when filling orders in the city.

I hope so, the MM know ThinkEquity might call them any minute and drop some shares on the market. So hopefully they will have to stay short.. Its just like the Stock markes rally after Trump got in or post CvD-19. Everyone expecting it to dump and all of a sudden we are 30% up and people didnt get on the train ...

I would say at least 100K worth today.. The 60K and the other 10-15k's. I can only guess are the ATM

yes I believe a few of us are in both, fingers crossed.. both got AGM in the next 2 weeks and so will have a clearer picture of the future soon

still to be confirmed.
but the idea is to demerger the 2 companies and let the StemPrintER company trade on its own.

dont forget TILS, they've got patents and will be hopefully selling off their stem cell division
Another broker upgrade today.saying SP should be 500p currently 110 but being held down but shares being issued at the market..
DYOR

Read the RNS from April 15 the updated block listing applicator : All the details are in there.
Basically they wanna sell 30.6Mil shares or raise upto $20mil. ThinkEquity is in charge of that, and the ADS program has been extended until July 31
You can add up the amount of new shares that have been sold via the ADS on the monthly updates, before the ADS program there were approx 153mil and now 166mil so 13mil more shares this will include warrants etc etc.. Not sure how much money has been raised. but the higher the SP the less will need to be sold to reach the 'upto 20mil'
And dont get confused as they want to raise 20milUSD and the shares in float are quoted in Pounds.

2 possible reasons, when an II buys a block. they might want it split across various funds.
E.G Fidelity buys 10K and wants a % across the euro fund, Pharm fund, Special Sits fund etc..
Also this could be some one trading on NASDAQ and trading the = amount onto AIM. remember ADR are 5X and you need to do FX so you will get random small amounts

NASDAQ closed today, so no ADS liquidity to slow this down

yep. so frustrating that people dont seem to arbitrage this share..

UK should be 1.07/1.12 at the moment

@hypermarlin
July 10 is the General meeting day
http://www.omegadiagnostics.com/Portals/0/259103%20Project%20Stirling%20Web.pdf
Thats when everything gets questioned and hopefully approved etc..

Agreed, people getting ahead of themselves (Again) hence why lots of people have an entry point of over 60p and p!s$ed off when news is questioned on a forum. (thats the whole point of a forum)
Its worrying that this is the 2nd time news has leaked on Twitter prior to the RNS, maybe down to the timezone, however the placing shouldn't have leaked - I hope the company isn't fined for this.
Going forward once we know the take up of the OO, and we can actually sell the product into India and the RTW- good things should come here.
I wonder if the India news was released as the OO hasnt had a good take up - I presume I will now
We will know much more after July 10.

Can you keep buying TILS then Please. and bring some luck :-)