Member Info for Thorpedo

Today continues as yesterday, plenty of activity for this hidden gem which seems to be discovered.

A lot of trades this afternoon for some reason. All reasonably sized to.

Another reason why a No RNS is required "As announced on 22 February 2017, Cascade has been granted an option to invest up to a further $4.0 million, in two equal tranches, at the same Company valuation as the subscription, being approximately £14.4 million (the "Options"). Further details on the Options are contained in the announcement of 22 February 2017 and, as announced on 9 March 2017, the option prices per share have been adjusted to 10.13p and 9.21p respectively." This to me means one option for $4m over 2 dates at 2 different SPs - my reasoning in it saying "an option" However, if it is 2 options then should the price of the second option be increased to 10.13 from 9.21 because the first of these 2 options has not been taken up.

I take it as a buy 5K less 10 dealing charge. The previous transactions were sells at around 1.75 for smaller amounts. Cant see why anyone would buy today rather than anytime within the last week, ahead of news (or probably no news) but we are different. They have got a very good low entry.

Ahmir I said that in my opinion they should rns if the money isnt coming as I believe in this special case it is a price sensitive event. I have told the NOMAD this. This doesnt mean that they will especially if NOMAD sees it differently than me. I dont see the need for a price drop. It is very low already and no money doesnt mean that the tech and Mobileye integration is not still valid. There could still be big contract news around the corner. With smaller news I see people derisking and cutting their losses so SP to remain at 2p until small contracts and then about 3-4p on smaller contracts. Large news/contract ???p.

The second payment was due 23rd May, the RNS announcing it was on 25th May. It is still possible that Cascade have paid. I have also told the NOMAD that I believe that an RNS should be issued if they dont take up the warrants. These arent like ordinary warrants that do or dont get taken up they are strategic warrants by Cascade and SEV. Therefore if they do or dont get taken up it is price sensative.

Cant see 1p that would give a MCap of 1.4m. Even at 2p I can see a management buyout.

Missed Friday as I had to do a days work for a change. I didnt honestly expect a RNS Friday as SEV isnt the quickest at posting them and also the US banking system doesnt come on until the afternoon. I do expect one Monday, either way saying cash received or not. I know that options lapse so many times but I think that these options lapsing or not are truly price sensative. Although . . . I cant see any further drop. The M/Cap is currently just 2.8m. What I now know about the company I would personally buy it (obviously reasonably leveraged) myself. It is easy to forget on AIM as it deals in sentiment but each 0.25p drop knock off 355K from the M/Cap of the company.

Late flurry? Last call.

If it is a 7am RNS I cant see the MMs letting people in before it reaches 4p, at least they will still be able to trade up to 7p. Those that got in today will make the most.

Nice bit of buying ahead of the news of the Scoping Study which "Scoping Study progressing on schedule with the Scoping Study to be completed in the near term"

Agreed it looks like a B&B ISA, I hope the 2 * 200K weren't panic sells on the back of them.

Strange (in a good way) that the MMs are happy to take that many and above the ask. They must be confident that they can shift them for more in the next couple of days as they have just bought about 1 months volume.

I am coming up to my 1,000th post and I am going to save it for Friday should the RNS drop any suggestions? Thinking of simply "Booooom!"

I have never minded Bjorn and his alias' he has also come up with some good research which was verifiable.

Only when he looks in the mirror.

I like the "Mobileye-SerVision" as though it is already an actual thing. Nice rebrand after takeover.

Ahmir you have double counted a sell there is only one 95K one. Perhaps after those sells is the reason why we can buy again. 200K more buys means that MMs are out of stock again.

I can get a quote for a small amount at 2.694 which is way above ask.

Its not goint to stay here I think 3.25 by Friday and when the right RNS lands 7. There are several 100K buys. Same buyer? or several with confidence?