Member Info for The.Italian

thanks thompi.i think that makes it completely clear that we shouldn't expect anything before end of sept.

Djp57,thanks for reminding me. very likely that was it.

i recall someone posting to say they were due 2 months before the FDA result,but no authority was quoted and i do not know it that is correct.

i agree that the passage of time and the absence of TR1s leads inescapably to the conclusion that no one has reached a reporting threshold.as to the reasons, well it's just speculation, but your reasoning is quite persuasive. this is a new area and although the direction of travel looks very promising, investors of substance may require some more substantial evidence of progress before committing.not personally worried though,as institutional investors are no guarantee of success and i take encouragement from the fact that the s/p has held above the placing price apparently without any difficulty.

yes another excellent high profile and well respected endorsement.very good news.

RBBe i don't know what strategies large sophisticated investors have at their disposal to trade in ways which are not open to the smaller investor,but off market trades are not,i believe, necessarily fully reported,so their dealings may quite legitimately have escaped full market attention.anyway regardless of how they have got to this position,i agree that with their existing holding and the outstanding CLNs the have very considerable firepower indeed to manipulate matters further.it would seem almost a given that they would be sensible to convert sooner rather than later, almost regardless of their view on the company's prospects.it wouldn't seem sensible to seek to drop the s/p too much from here as this would impact on their existing very sizeable holding.however i accept the the situation may be more nuanced and complicated than my perfunctory appraisal would suggest.i cannot see any reason why they would not be happy to move to a position of being the major shareholder(by quite some margin i think) pretty much immediately,as they have in effect already paid for the shares,and must have contemplated this possible scenario when reaching agreement on the deal.whether they would wish to remain in that position over a period of time will no doubt depend on many factors,so we can only guess at their intentions.what i do hope however is that davis remain committed as a long term financial supporter(remember the facility is for a fixed period and will need repaying,or more likely renegotiated, towards the end of the period). i do not feel comfortable with N&g being in such an influential position and agree that until their long term involvement is clarified, it my well have a deterrent effect as regards other potential investors. i do however expect this to become clearer over the next few months, as I'm assuming(hoping?)that we shall start to see a modest or more than modest s/p revival as we move towards the app launch.

its intriguing see what N&G's next move it.they are presumably sitting on £4,160,000 of as yet unconverted loan notes.that is a very significant percentage of the current M/C.no immediate need for them to convert,but i suppose if they see the s/p increasing as we move towards launch of the new app,they may feel earlier conversion is preferable.just musing, as no doubt there are a number of variables to be considered.

themis, what precisely do you mean by "shift their last lot of shares"?

not the sinister telegram groups again!

the momentum, which was quite strongly positive for the first couple of hours, started to switch about 10.30.you could see and feel the order book start to swing.not suggesting it's negative now,but whatever was causing the uptick seems to have stalled,at least for the moment.

morning all. i agree with butterfly bill,at 20% tax it's pretty much clear cut in favour.if you pay tax on any part of your income at 40% it's a little more arguable,but even at that rate if you enjoy a decent innings as they say you should still end up ahead of the game.on an anecdotal level bucolic, i can say that when retired i discovered the my ordinary retirement pension was quite a bit more than the basic rate i was expecting. something to do with higher self employed contributions i think although I've never really understood it. whilst in financial terms the extra makes very little real difference, on a psychological level i always get a small fillip from thinking that I've done a little better out of "the system" than i was expecting. good luck with whatever you decide.

afternoon bucolic.hope you are well.no financial advice from me as such, but when i was weighing up pros and cons of pension lump sums etc, a few years ago, i took a fairly simple approach based on how many years you need to live to break even on a simple arithmetical basis.if you think you will do it plus some, that sort of thing. obviously this ignores things like inflation and tax etc, but these are unknown variables, so cannot really be factored in reliably.for me it would all come down to health.4 years at £15 p/w or so and you start to win on a strict arithmetical basis.not intended as advice of course,just musing.agree FUM been looking a little more solid last few days.hoping for good news soon.

yes hope so.just seemed a fairly casual, relaxed reply, which, if i were the ceo of a company about to have to impart bad news to the market, is not how i would respond. i would respond in a much more formal way,e.g. a full announcement will be made to the market in due course.could be completely wrong of course,but that was my reaction.as always time will tell.

very prompt reply from jamie,simply advising me to "stay tuned". cant read much into that ,but personally feeling slightly less anxious after that comment.my guess is we will get a general operational update shortly,but thats just my guess.gla

yes they did BA.just over 1%,but think we knew that in principle(not the exact amount of course) from the use of "vast" as opposed to "all". they are tidying up the announcements and were clearly somewhat tardy over these.im surprised and pleased that they seem to be retaining a sizeable proportion, as i wasn't expceting this, at least until the results statement, which for me put a different perspective on it. what is going to be very interesting is to see where we end up after the conversion of the final tranche, whenever that takes place.

ok bignose.thanks for that.i hadn't realised.i will leave things till tomorrow.cheers.

also mooney if they have retained the "vast majority" of their shareholding (and i am not suggesting they haven't) where is the TR1? i assume the trigger date was the 16th or perhaps the 17th june, so well overdue imo.

hello bignose.exectly it's those qualifying words which worry me.of course the may well have just been included for form's sake,as a necessary caveat,but either way i would have thought some announcement was required.we did get one announcement just before midnight a short while ago,but like you not holding my breath.will email after thursday's close if nothing announced.

so nothing today then. i will wait for close of trading tomorrow and then email them.

absolutely correct in principle bignose.how closely principle and practice coincide is not clear.if they have the results they are entitled i believe to an opportunity to evaluate etc before informing the market.what that means is anyones guess.this is absolutely crucial now imo.i was quite optimistic about the longevity involvement initially,but i have to say I'm a lot less confident now,as it eemsto me that the particular area in which DLI and young ai are involved is a rather fringe ,lifestyle one and may be lacking the serious substance which i suspect insilco has.i hope I'm wrong,but at the moment i think we are very heavily dependent on fortacin for survival.