Member Info for TrekMadone

That is correct they can be held in treasury. They can then sell if need liquidity. I suggested the same a while back. I agree this would be a happy medium as don’t want to loose liquidity and they could sell like raising cash at higher sp.

Trek

£1

That’s a decent holding here itsyou, mine is 0.07! Lol!

Intend to add later though.

Trek

Previous directorships from DueDil.

Director of Medusa 19 Group Limited
Born: Jul 1968 (51 years ago)
Nationality: British
About
Mr Andrew Mark White is British and was born in 1968. The first directorship we have on file for them was in 2007 at 2020Log 11 Limited. Their newest directorship is with Medusa 19 Group Limited where they hold the position of "Company director". This company was established 28 Apr 2020 and is based in Manchester.

https://app.duedil.com/director/926997072/andrew-mark-white

Trek

Listed as director for Medusa 19 and Medusa Group ltd.

Another director that doesn’t seem to stay somewhere long enough though! Don’t know what it is with these guys!

https://beta.companieshouse.gov.uk/officers/X-sx6WqcC4SKMI2ucD-c4wJF_bQ/appointments

Trek

I think they are working on a molecule/additive to kill the virus if it lands.

Trek

Re buys as sells, the algorithm is only an indicator.

The red blue shown are indicative but pretty accurate as long as the spread is consistent and the sp is not moving too quickly. The algorithm is based on the trade being above or below the midpoint to determine if it’s a buy or sell.

The problems that occur are...

If the spread is wide a buy can be below the mid point if there is a MM with a liquid book that can match the trade. So a buy can be posted as a sell and vice versa. So watch the spread.

If the SP is falling quickly then sells can look like buys.

If the sp is rising quickly then buys look like sells.

So if there is say a 2-3% spread and the vix is pretty stable for the day the buy/sell figures have a good degree of reliability.

On the London Stock Exchange they don’t say if buy or sell as it’s the aggressor’s trade that indicates, so if it’s a sell it would show as a sell but the trade has been matched by a buy so normally the sp would fall so the buy/sell is irrelevant.

As always there are exceptions to everything but in the main the SP trajectory reflects the general bias of the aggressor. So these are likely mostly sells. They have, however, been matched to buyers over the day, so others are having them. Does anyone know the last UT. The size of that will be very interesting. A massive UT sell will indicate an overhang.

Either way i’m Still trusting my DYOR and AS.

Trek

Re buys as sells, the algorithm is only an indicator.

The red blue shown are indicative but pretty accurate as long as the spread is consistent and the sp is not moving too quickly. The algorithm is based on the trade being above or below the midpoint to determine if it’s a buy or sell.

The problems that occur are...

If the spread is wide a buy can be below the mid point if there is a MM with a liquid book that can match the trade. So a buy can be posted as a sell and vice versa. So watch the spread.

If the SP is falling quickly then sells can look like buys.

If the sp is rising quickly then buys look like sells.

So if there is say a 2-3% spread and the vix is pretty stable for the day the buy/sell figures have a good degree of reliability.

On the London Stock Exchange they don’t say if buy or sell as it’s the aggressor’s trade that indicates, so if it’s a sell it would show as a sell but the trade has been matched by a buy so normally the sp would fall so the buy/sell is irrelevant.

As always there are exceptions to everything but in the main the SP trajectory reflects the general bias of the aggressor.

Anyways, I looked in after the rns today. Really good of Paul to telegraph news soon to us PI’s. He’s well aware that a few of us long termers have held the Co through the recent dip. Mutual respect!

Trek

“ Trek , itsyou , this tight liquidity should be working easily in our favour by now ?”

Well you’d have thought so with, from memory, around 70% of shares with a few >3% holders. itsyou is probably near 3% lol!

50m mcap feels way too cheap. This will make another leg up soon.

Trek

Imo this is perhaps one of only a few Covid stocks that actually isn’t primarily a Covid play. The other up coming trials/readouts are equally or more significant. I don’t think the market has given us anything for Covid. That to me means an rns in that space may trigger some decent upside. Probably be sold into though but that’s how it works.

I think 4D is a good hedge on Covid as lots of other Covid stocks that investors think are not just Covid one trick ponies are kidding themselves. If there is a sniff that they don’t fulfil the Covid ambition they’ll tank as their other stuff is too far off or no one is interested. That cannot be said for 4D.

It’s a classic investment case here of dyor, buy the seller and be patient.

I can’t believe I got some at 47p. I do see £1 here but it now looks like three waves back up as 80p didn’t hold. That’s fine as I am in no hurry and am comfortable that I understand the sp behaviour and drivers atm

Trek

Nervous money left hot money arriving, invested money still here. This was called over a week ago. Just need and RNS.

Trek

Thanks Timster, glad it was. I don’t read all the posts here as mostly bllx, of course peeps will know the difference in TSX LSE timezone and news lag.

Anyways all very exciting now as we are close to the big news. It’s what I and many are here for and have expected days like these. Bit like NCYT all over again the days before the big gains.

Dyor

Trek

I missed most of the fun today. Anyways had a look for news, note the trading in itself is also news but its unfathomable atm. Just saw this rns from Sona.,.

“ Posted by Taiesha Moss on June 1, 2020
Sona Nanotech Comments on Trading Activity at Request of IIROC

June 1, 2020 – Halifax, Canada – Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) (the “Company”) has been requested by the Investment Industry Regulatory Organization of Canada (IIROC) to comment on the recent increase in the trading volume and price of the Company’s common shares. The Company is not aware of any material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in market activity.

As previously disclosed, the Company recently engaged MRIGlobal to provide analytical and clinical validation studies for Sona’s COVID-19 rapid detection, point-of-care, antigen test prototype and this evaluation work continues.

The Company cautions that its COVID-19 rapid antigen test is still an unvalidated prototype and will update the market as appropriate.”

Unvalidated, That’s a strong word compared to AS’s statement. It works.

So who is feeding trump then? Who is shaking shares. Make your own minds up but I’m sanguine.

https://sonanano.com/sona-nanotech-comments-on-trading-activity-at-request-of-iiroc/

Trek

“For me the important question is these late trades must going somewhere, they’re chunky trades for someone to be accumulating....”

We don’t know if it’s a someone. Remember it’s the aggressors trade that is published that is whoever instigated the trade. So if someone is selling there may be more than one buyer if it’s only sells that are published. We don’t know.

Trek

Late trades...sections g3013 and g3020 key. Nothing sinister and MiFID compliant...

In relation to rule 3012, where two member firms agree at or prior to the time of the trade, the responsibility for trade reporting may be delegated to the other member firm.

The rule recognises that member firms may wish to delegate the trade reporting responsibility to the other member firm. This may arise where a member firm trades infrequently and hence wishes to always delegate the reporting process or where the non reporting member firm wishes to gain protection under the deferred publication facility but the reporting member firm does not.
(Amended N09/17 – effective 3 January 2018)
Standard trade report deadlines [3020-3021]

Where a trade is executed during the trade reporting period, a trade report shall be submitted to the trading system in accordance with the standard trade report deadline.

Guidance to Rule:
The trading system will immediately publish a trade report unless deferred
publication is requested (and the trade qualifies for a delay). (Amended N09/17 – effective 3 January 2018)

And these are the addressable concerns

A member firm shall not:
aggregate trades in order to qualify for treatment under the deferred publication facility; add subsequent trades to a deferred publication in order to increase its size; or
submit or agree to submit a correction for the sole purpose of re-reporting a trade in order to gain or extend a delay in publication.

Less technical explanation.....from FAQ’s

When can the deferred publication regime be used?

A member firm should only request deferred publication where the member firm is dealing on its own account (as principal) and the transaction is between the member firm and its customer.

How can I request deferred publication of a trade?

A member firm may request deferred publication of a trade by submitting a trade report with either the ‘OK’ (for an ordinary trade) or ‘NK’ (for a negotiated trade) trade type. MillenniumIT will determine whether a delay should be applied based on the relevant publication regime.

References..

Handbook
https://www.londonstockexchange.com/traders-and-brokers/rules-regulations/rules-lse.pdf

FAQ’s
https://www.londonstockexchange.com/traders-and-brokers/membership/faqs/rulebook-faq/rulebook-faqs.htm

Trade flags/types
https://www.londonstockexchange.com/prices-and-markets/prices-help/trade-type.htm

Trek

Lol RK, I’m in a similar boat. Rather than use a sipp, I have put Mrs Treks into her stocks and shares isa (I don’t know why they call it that it’s the same) maxing out over the last 4 years.

Obviously ISA is cheaper and more flexible. It is 344% up in that time and that’s with the last £20k only just going in. It also allows for US/China trades wars, North Korea, Syria, POO bust, Brexit and Covid!

She also has a small private pension which we are crystallising as per the new rules next month. Why because she’d need to live to 180 to get the money back over taking the cash! Lol!

If there are any IFA’s that can explain what exactly it is you get for the charges i’d be interested to know.

Trek

On Co website, nice colourful easy to read graphics. I like...

“Nevertheless, I am pleased to report that our April year to date revenues of €1.8m are
almost treble those of the same period last year and we have a strong order book. Under our COVID-19 scenario planning, our base case scenario shows a notable near trebling of revenue for the year, albeit a reduction against initial expectations. In addition to this we hope to benefit from a number of attractive prospects, not least in COVID-19 related applications. We have a robust balance sheet with year-end net cash of €10.9m that additionally provides us with the financial capacity to support our growth ambitions and to withstand the uncertainties and challenges created by the COVID-19 pandemic.”

Gonna be a transformational year, chased up till 2021!

Trek

“The fun will start when the herd arrives lol”

I think much of the herd already have a foot in the door here. From today’s rns...

Hargreaves 13.88%
Interactive 14.88%
Halifax. 8.36%
Barclays wealth 6.11%
IG markets 4.91%
Equinity 3.97%

So all top holdings are PI trading platforms. To get more of a herd will be insti’s, unlikely without big partner imo or more PI’s to add/buy. That will probably happen with hot money as we get closer.

Imo It’ll take a strike to attract serious institutional money here or a major committed to a multi drill campaign depending on results.

Gonna get very interesting.

Trek

Greenmole “ get out if you want but this is a multi billion $ company in the making”

Who said I was selling? I said £200m but being objective. Here 8p close! Happy now?

Trek

Don’t forget there are hundreds of millions of warrants outstanding and salary deferrals from 31st Oct 19, previous ones being cancelled. section 20.

It is also not clear what the future drawdown conditions are to meet the agreed revised dates. I wish they’d say what the SP terms were and wether or not agreement was met. It’s just not clear...I’d email and ask but I have never previously had a response from their IR!

“The ability of the Group to draw down on this facility on these revised dates is contingent on the Group and the facility providers agreeing to reset certain prerequisite conditions relating to the Company's market share price which were breached following the global financial market response to the Covid-19 pandemic.
As at 31 December 2019 and the execution date of these financial statements the Group had no ability to draw down on the above convertible loan facilities and there can be no certainty that the facilities will be or remain available for drawdown in the future.”

However, total costs now is expect to be $30m was previously $30-35m

Review of ops section in finals, today’s RNS..

‘ the total cost of Perseverance #1 has been estimated to be up to $30 million in total‘

26th May RNS...

‘These contingencies (if required) were estimated to add up to a further $5 million, such that in the extreme case of all contingencies being required without any offsetting cost savings being achieved, the cost of Perseverance #1 might be up to $35 million in total.’

Just a $5m change! That’s just sloppy!

The cash raises are via equity, sure it’s how it works, but whilst financing has undoubtedly been innovative it’s all been hugely dilutive. There needs to be more control on cost, I get the increased legals and IFRS changes but employee benefits are to high. Even with 16% reduction and deferrals it’s still been a highly paid gravy train for what has been delivered thus far and that has been the case since before Covid.

There is no financial contingency in the plan for a second drill, sidetrack or for that matter any ops issues. This is a really tight ask.

Given the quality of the asset I am at a loss as to why they cannot do a farm in deal. Look at what the likes of Exxon have been doing In Guyana. There is an appetite for quality why can’t they deliver a partner after all this time? Probably greed but the danger is we could end up with nothing. Imo a farm in would be a massive SP driver!

All that said it’s still not to late for a farm in and now we have a window the SP is imo only going 1 way. This is a £200m drill in the making and I can see the MCAP reflecting that at some point before we drill and get speculative around oil shows. ATB.

Trek

Physics world link.

https://physicsworld.com/a/graphene-joins-the-fight-against-covid-19/

Trek