Member Info for Timmit

Hi LB, JohnCasey frequently lifts items from this BB (usually on PRIM and CLP) and just pastes them without context or attribution. Presumably, that means he loiters on here...

The one positive to draw is that, despite GGP being 13% off its yesterday high, PRIM hasn't dropped either...

Truly sorry to hear that mate. Nothing anyone can really say beyond that...I hope they manage to get something back for you..

As johnnybbad posted on 23 Jun 2020 17:24 - "I have no interest or inclination to ever invest in CLP. I've been done, lost my money and moved on." it's fair to say that he's not a holder....

I don't know if anyone else noticed the improvement in Truspine's retained earnings over the course of 7 months...

Y/E 29/03/2019 - https://beta.companieshouse.gov.uk/company/09345973/filing-history/MzI1MzY2NjQ2MWFkaXF6a2N4/document?format=pdf&download=0
Balance sheet as at 31/10/2019 - https://beta.companieshouse.gov.uk/company/09345973/filing-history/MzI2NjY1MDc5M2FkaXF6a2N4/document?format=pdf&download=0

It's gone from an accumulated loss of £1,312,836 as at 29/03/2019 to an accumulated retained earnings of £871,792 - an improvement of £2,184,628 in 7 months! There are an additional £316,646 Intangible Assets (likely Development Costs which should lead to R&D Tax credits as in previous years)

Good to see Truspine gaining "TRACTION" in the spinal devices market....

here all week :-)

Fun fact: the Youtube film voiceover was done by John Shrapnel who was the descendant of General Henry Shrapnel the inventor of the exploding cannonball - he gave his name to the metal shards produced by an exploding shell.
I'm sure there is no other link between exploding shells and CLP....:-)

Sounds like you should be ok Messi1996. Out of interest how long have you had these shares?

If you look at Spary1's LSE profile it mentions the total number of posts but that his last post was "never"
https://www.lse.co.uk/profiles/spary1/
Looks like he's been liquidated...

Humble apologies messi1966 - there are 6 separate holders with 66,667 shares according to the latest confirmation statement. I was working off an older one by mistake (thanks RKB for pointing it out!).

Hi messi1966, looking at the holdings there was only one non-nominee shareholder with a holding of 66,667 shares and they have initials JB. If you have a shareholder certificate you may be ok if those details on the share register are you...

Perhaps VLS were waiting to issue their trading update this morning. Staffline have issued a speeding ticket this morning based on just 50% increase yesterday...

Absolutely agree with that betterupthandown. Interestingly there were some suggestions as early as 10th Feb I read suggestions that PRIM should start selling down their GGP holding (after all it was nearly triple the price PRIM paid for it). GGP was at 5.35p during the day and PRIM was at 3.4p. It is testament to PRIM's internal systems that the recent heady rise of GGP triggered a partial sell at almost double those levels. You only make money when you sell and this was a good exit in my opinion. FOMO means that a lot of investors don't sell anywhere near the top...

Sorry, my use of "values" Prim's shares could have been better expressed as the cost of Prim's shares were 30p each..:-)

We paid £500,000 for our 1,666,667 shares so they cost us 30p each. At that point Truspine was valued at £15M according to https://www.primorusinvestments.com/our-investments/truspine-technologies/

If nothing's changed since the Confirmation Statement of 18/02/2020 and the Statement of Capital on 15/05/2020 then Prim owns 1,666,667 shares out of 83,744,460 which is 2% - values Prim's shares at 30p each.

Oneknows, you raised the question as to why the ITM and PHE rises didn’t have similar announcements and I flagged up a major difference in the size of the price movements. If you didn’t like the answer then why pretend that these Companies’ much smaller daily movements were anything like CLPs? False equivalence - what next? “BT Group Plc knows of no reason for the substantial 66% decline in its share price over the last 3 years...”

If you look up the responsibility of the Nomad

Under the section “Monitor Trading” it says:

“ MONITOR TRADING
OR3 – The nominated adviser should monitor (or have in place procedures with third parties for monitoring) the trading activity in securities of an AIM company for which it acts, especially when there is unpublished price sensitive information in relation to the AIM company
In meeting this, the nominated adviser should usually:
? use suitable alerts or other triggers to alert the nominated adviser to substantial price or
trading movements. This can be satisfied via the broker
? contact an AIM company where appropriate if there is a substantial movement to ascertain
whether an announcement or other action is required, liaising with the Exchange where appropriate
? consider the necessity for arranging relevant press monitoring, particularly when there is material unpublished price sensitive information in existence”

It appears that our Nomad did exactly that, contacted the AIM company in the event of a substantial movement. “Substantial” is suitably vague but a 10/20% rise/fall on AIM stocks is not uncommon (sometimes that’s just the bid/offer prices being messed with by MMs that can achieve that) but 100% movement during the day is substantial by anyone’s definition.

I’m fairly sure I’m not a mouthpiece for the company but I do try and make my own enquiries independent of others and not just piggybacking on any prevailing conspiracy theory. If that puts me at odds with the crowd so be it. I’ve had many discussions with posters on here and we often “join the dots” up in different ways and none of us can be sure we’re right at the moment due to the paucity of information available.

If you’re certain you know what’s going on with CLP I’m not sure you’ve been invested here long enough ;-)

All the best....

Sorry, this was a reply to Oneknows point about ITM and PHE not having speeding tickets issued despite significant rises. Neither of them made anywhere close to 100% peak in one day and then start up again with the same momentum the following morning...

Neither of those had reached 100% increase in one day unlike CLP a couple of weeks ago. That’s why CLP were asked to clarify the position...

Putting all longterm investors' disappointments to one side (mine included...)

1) - the RNS issued on 15/05/2020, although giving a small update, is not the awaited update promised in the RNS dated 06/05/2020. The clue is in the title of the RNS which didn't have the word "update" in - so we are still waiting on that. RKB alluded to that in his comment today and he's right - that RNS last Friday wasn't an update. In some ways, it would probably have helped not having the additional information as it seems to have muddied the waters if anything.

2) There's repeated comment that the price is being kept artificially low for the benefit of the bondholders. Doubt it. Eufingest didn't have the appetite to convert at a higher price and I'm sure they will get their settlement in cash once that comes through from Mediapolis / SoSushi / Sipiem proceeds. Not saying it couldn't happen the way some are talking but the truth often tends to be more boring than the conspiracy theory..

3) There has been a lot of negative comment about the 15/05/2020 RNS implying that it's somehow down the long reach of Swiss bondholders, FG's sinister plan to keep the share price low and various other theories. I'm sure, again, the truth is a lot more boring. When the share price rose more than 100% from a mid-price of 0.16p at close on 13/05/2020 to a mid-price of 0.33 by 11:24 on 14/05/2020 it would have triggered AIM to speak to the Nomad (SP Angel) to ask if there was any reason for such a movement. The price died down in the afternoon to close at 0.26 so the company could justify not issuing an RNS. But then it started to rise again early on 15/05/2020 peaking at a mid-price of 0.34 (above the previous day's spike). So, any attempt by the company to say "well it's falling now let's see where it goes" on the 14th got blown out of the water on 15th, thus making the "speeding ticket" unavoidable.

4) Some have asked why there wasn't an equivalent RNS during the share price's demise. Look at the chart - yes there has been a significant decline in the share price over many months but no days where it dropped 30%, it's been a slow decline punctuated by a few relief spikes.

5) Some said that they had never seen an RNS like that before. I don't know if anyone noticed but there have been several other similar notices for other companies issued in the last 30 days where the company response was basically "nothing to see here". Examples include:
28/04/2020 - Proteome Sciences plc (AIM: PRM)
01/05/2020 - ValiRx PLC (VAL)
01/05/2020 - Midatech Pharma PLC (MTPH)
07/05/2020 - KRM22 plc, (AIM: KRM)
07/05/2020 -Anglo African O&G (AAOG)
No shadowy Swiss bondholders in these either! Sometimes it's just the gossip and ramping on social media sites and BBs that gives rocket fuel to a share price that then has to be subsequently dampened by the company. There are several examples of RNS where the "Statement re share price movement" also mentions social media..