Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Good work yourself my friend. Looking good!! :) ATB & GL
I have now received a response from Tyratech's CFO R. Daniel Williams re the questions I sent yesterday. Please see below. Q1) What are the ‘restrictions’ regarding the TYR shares A1) The ‘restrictions’ on these shares (TYR) also apply to the unrestricted shares (TYRU), specifically they relate to the shares being governed by Regulation S of the U.S Securities and Exchange Commission (SEC). Due to the fact that TyraTech is a US domiciled company (Delaware) and the shares are not registered for open trading in the US, TyraTech shares fall under the trading restrictions of SEC Regulation S. Specifically, TyraTech shares cannot be sold to US citizens unless those investors meet the “qualified investor” definition in Regulation S. Q2) Are there any selling restrictions regarding the new TYR shares to be issued? Can they be sold on the open market straight away? A2) The restricted TYR shares can be traded immediately after issuance, but they must be traded in certificated form for the first 12 months after they are initially issued. All shares, other than shares initially issued to TyraTech “affiliates” or Directors, can be converted to electronic form (the TYRU shares) 12 months after initial issuance. Q3) Have all of the shares been taken, or is there an overhang? A3) It is my understanding that all the shares in the current new issuance have been taken. He has also stated that they are going to be updating the shareholders information part of the website to clarify the difference in the two shares shortly. ATB & GL
A good day here today, after the last few days. Looking at today's trades, nearly double the amount of buys to sells. That must be good for tomorrow. I'm sure we will again see the herd piling in here tomorrow if we start moving again. RHPS has identified this again tonight in the update to subscribers, so, I would think tomorrow may see some more buys. Buckle up folks, we may be in for a bumpy ride. Good Luck All.
at the buys and sells this morning, I wouldn't be surprised to see a +20% day here today. Looks like the buyers are back in control. GLA
Thanks for the article. Rec'd. Good to show people what this is all about. ATB & GL
Hi MH, I guess that's what we're all thinking. I have just sent an e-mail to the Tyratech Investor Relations, asking if the new shares have any restrictions re selling, and also asking if there is an overhang, based on the discount currently, I'm guessing this will not be an issue. I will update here if/when I get a response. GLA
If you look at the 31st January RNS, this placing is to be used for: Highlights · Placing and Subscription of New Common Shares at an Issue Price of 5 pence per share to raise £1.87 million before expenses. · Net proceeds of the Fundraise will be used to: - £1.0 million to support the launch of the Vamousse™ product range through a focused marketing campaign and to build the appropriate inventory; - £0.5 million for additional working capital; and - £0.2 million to fund the registration of new products. Personally, I have no problem with a placing that is mostly used for product launch/marketing, this will be of benefit to the company in the future, its no good having a great product, if you cannot get traction in the market. As always, DYOR. ATB & GL.
Hi Wudi, No need for gut feelings mate.... Yesterdays TYR RNS: TyraTech, Inc. ("TyraTech" or the "Company") Result of Special Meeting Further to the announcement dated 31 January 2014, TyraTech, Inc. (AIM: TYR and TYRU), a natural life sciences company, is pleased to announce that at the Special Meeting held earlier today, each of the resolutions as set out in the notice of Special Meeting was duly passed. Accordingly, the Fundraise (as defined in the circular dated 4 February 2014) is now unconditional save for admission. Accordingly, the Company has approved, subject only to Admission, the issue of 37,391,763 new common shares in the capital of the Company of $0.001 each (the "New Common Shares") at 5 pence per share to the investors participating in the Fundraise. Application has been made to the London Stock Exchange for the New Common Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission and the commencement of dealings will take place at 8.00 a.m. on 21 February 2014. Following Admission, the Company will have 206,168,068 common shares of $0.001 each ("Common Shares") in issue, of which 1,084,413 will continue to be held in Treasury. Therefore, the total number of voting rights in the Company will be 205,083,655 ("Total Voting Rights"). The number of restricted Common Shares trading under TIDM 'TYR' following Admission will be 154,744,339 and the number of unrestricted Common Shares trading under TIDM 'TYRU' following Admission will be 51,423,729.
I sat for an hour last night and ran the figures, based on last nights Market Cap, the placing details from the TYR RNS, and taking into account the shares held in Treasury in TYR. MY OWN research suggested a 13p bottom, but remember this is AIM and the herd mentality rules. The other thing that came out of this, was that as of yesterday, based on percentages, I calculated that TYR was undervalued, and TYRU was overvalued. This was also added into my research. Also, dont forget that the Market Makers will push the share price around to suit themselves, be careful with stop losses, as they will drop the SP to hoover up your shares if you are using one and they are short of shares. It will be interesting to see how this one pans out today. Long term, just look at the products. Got winner plastered all over them. All the above is, of course, my opinion. GLA
HTH - Hope That Helps GL - Good Luck ATB - All the best FWIW (For What It's Worth) I've just had a cheeky top up at 13p....
Hi wudi, I'll agree there, by my calculations last night, the placing in TYR has diluted the total shares issued by around 7%. It takes time to arrange a placing, and similar to COMS last week, where the share price overshot the placing price, I think we are seeing a similar thing here. If you look, the newly issued shares in TYR are being issued at 5p, so as of 10 days ago, only at a slight discount. 10 days later, these are at a massive discount. Sure, there will be some getting in at 5p and selling straight on, but again, look what happened over at COMS with the SP. IMHO, a placing for the right reasons, is not a bad thing. ATB & GL
Hi foreverfalling, have a look at the RNS dated Fri, 31st Jan 2014 16:26. This placing has been on the cards all month. Formal announcement today. HTH GL
I received a response from Tyratech Investor relations yesterday re the difference between the shares. Please see below: We are aware that a number of investors are asking the same question. Most of the answers are already on our web site at http://www.tyratech.com/content/investors/shareholder.asp But we are working at writing a more detailed and clear process to invest in our stock. It will be posted shortly on our website. ATB.
One piece of advice I would give (for what it's worth) is to not get too wrapped up in these boards. Behind every post, someone has a motive one way or the other. Do your own research, starting with the very fundamental questions, 'what does this company do'? 'Is there a market for this' 'how big is the market' 'if I were a buyer, would I buy this product, and at what price' then look at the competition. Make your own decisions, cos at the end of the day, it's your money that is at stake. Just my advice. ATB
I had a topslice yesterday, took out my initial investment and still left me with 60% of my shares, so I'm now holding for the long term, letting my 'free' shares run. I still think long term this one could be a winner. Remember that this is AIM, and herd mentality rules...... It will be interesting to see where the support kicks in. Personally I don't see it going back to 10p but then WTFDIK..... Good Luck All.
Excellent post Trend. Rec'd
Have a look here: http://www.youtube.com/watch?v=Hy-1o3kY8jI Still worried???? GLA
Have a look here: http://www.youtube.com/watch?feature=player_embedded&v=3c8C8b7SaAA Looking good again today folks. :)))) GLA
Headlice Shampoo. ;)
Well done buddy, the SP, and this weeks action will scare a lot off. Just remember folks, this is not a mining share, priced based on what we might find. We have the tech, we have the approvals, we have the product, it's going to be on the shelves soon. No debt. One institution showed their hand this week. Look at our market, it's HUGE! Call me a ramper if you want, (that's my prerogative, I'm a holder) and, come Christmas, I'll still be a holder, good or bad. The telling thing will be this years sales figures. I have high hopes. As always folks, this is just my opinion, DYOR and GLA