Member Info for Tex2374

I'm not with you istock?? (not in the physical sense)

"I hope this is not going back to Fridays close price slowly? I don’t like the way it’s sliding down."

Bellers, I would maybe set your expectation that this will happen, probably not today but over the next week. Maybe the share will stabilize around 3.3p, who knows.

Classic spike today with excited investors buying into the inevitable rise and then people taking 20-30% profits on their 3p buy ins, exactly what happened in the previous major 3p to 4p rise. Even IBAB was ramping that this might hit 4p.

Nice re-assuring RNS which (didn't really tell us anything new but IMV dispelled any administration fear) will keep us above 3p till next news, but nothing released today that has re-rated the share.. Clearly, the market wants to understand the details of the initial short term funding and volume seems to be nothing spectacular, which supports that point.

Oh well, it made for an interesting morning and opportunity for people to take profit on the way up.

BUT, at least we know that there is more than one organisation running the ruler over SXX with a view to investing, buying or partnering SXX.

Correct, this is a major positive from my perspective, as we can assume we are not 100% over a barrel.

I think you just proved my point.

Over the last 8 weeks this has been been a traders dream, another 20% opportunity today, it's easy money.

OR, but you agree (irrespective of what you now do) that your investment is the amount you paid for the shares when you bought them?

OR. The amount you have invested = the amount you paid for it.

This doesn’t change. If you sell for half that value you make a 50% loss against what you invested. If you sell for double you make 100% profit against what you invested.

If you haven’t sold you have a paper profit or loss against what you invested (paid).

Invested = paid. This never changes.

Man this is frightening.

Sageman.

This is anything but binary. Seems we will move forward to the next chapter of the SXX story but the question is under what terms? These are Still to be confirmed and these terms will dictate the future value calculation for PIs.

Clearly (IMHO) it is a value above 3.6p but we are no further down the line of understanding that calculation. For that we need a defined financing package and the details of what it encompass.

RNS is positive in that it is slightly reassuring but we need the details of finance. Clearly the market sees it the same way.

I would encourage everyone to listen to the podcast. This will probably be more revealing than the RNS.

Best news today NO MENTION OF GOVT SUPPORT IN THE RNS. Therefore PLEASE can we stop the govt white knight theories!

Tex.

Actually he is right. He has £15k invested. He doesn’t say how much it is currently worth but he still has £15k invested in SXX.

LOL how did you conclude that’s the strategy?????

Things seems are settling down now. Not as much initial volume as I would have expected.

Try 4.4p so far. Wow, I am very pleasantly surprised.

Make room for the herd.

8 minutes till we see what people really think.

IBAB stop with your ramping!! 4p today!! Get a grip man.

Game on people.

Some level of clarity.

No takeover planned
No govt rescue
Potential strategic partner
Potential debt raise.

Administration likelihood - very unlikely.

At 3p this was priced to fail. I think we should see a reasonable rise to a new rate more appropriate to what’s been communicated. Not 6p or anything LOL, but a nice rise from 3p.

IBAB, you must be tempted now? Watch out for the spike! Traders will be all over this today.

Yes Hendricks is reliable. It’s the Timothy Tailor of Gins. we have similar spirits tastes, love a Balvenie as well.

Will have to get a bottle of Slingsby Marm, from the reviews I think Mrs Tex will like that one!

Never take share tips on a BB but happy to take gin tips!

Which gin? I have a lovely bottle from the Isles of Scilly which we bought back this year. Seriously good stuff for a small producer.

Pour yourself a gin, Bellers!

Wandering... let’s hope he’s not General Custard.... oops I mean Custer.

Time for a Woodford.

Never be afraid to look Bellers. Maybe just peak through one eye !