Member Info for Troutisout1

Seen it done it, Muldoon,

It says 'led by' the International Investor twice in the RNS and also states "subscriptions" (plural) which suggest the prominent Investor approached the Company and the Company held a raise, attracting more than one investor to subscribe to it.

Not sure why people believe there is only one investor, the RNS clearly points to more investors involved in this fundraise. I am happy with the discount as no-one will put in large sums at the current SP, which has been driven up by PIs and the upcoming MRE hype, this discount gives them a safety net and should underpin the SP going forward.

Next what are the funds going to be used for?

Actually the EGM for the allotment of new shares is not going ahead and Doc has requested an EGM, you can bet the Company will go through that requisition request to pull it apart legally before agreeing to it though.

“ You also said last week they couldn't do a raise at 0.4p as they would still have to hold an EGM.“

"Meeting called - BOD to be ousted. This was the purpose of what I wrote, either or pushing the raise price up would not cease the consequences of what was proposed. I have made that clear"

You posted the above before the meeting with Doc and JM and so the requisition request hadn't even been put it, remember it was Friday night when Doc put in the request.

You are living up to your username...

Iknownuffin,

No it doesn't you were wrong last week and you are wrong today. The raise of £600k is allowable under their previous authorisations from the AGM last year.

There is no need for a GM to vote this through, more interestingly do you think the Doc will apply for his WRAP allowance and will he get them??? His position will be diluted down by this, will he and others react?

The placing allows those who may have sold short to cover and the 'Doc's' short squeezes gave them the opportunity to sell above 0.4p.

Those who were complimentary about the BoD, but have recently been derogatory to go with the flow, may now have to U turn again.

Does Doc now claim a victory in getting the placing away at a higher price and pull the request for an EGM requisition or will they battle on costing the Company money fighting it and also the reputational and commercial damage it will cause???

You also said last week they couldn't do a raise at 0.4p as they would still have to hold an EGM.

So you talk as much rubbish as the next poster...

KingHomer,

They need more funds they were always going to raise in Q1, you can't keep a company going on £200k, no-one will order from a company that is on such a shaky financial foundation.

Getting rid of the old BoD risks losing all of the current repeat contracts that have been built up through business relationships and trust, the medical market is really very hard to get that trust and validation. The new guys don't seem to have a background in medical and they seem to want to lean on Jesse, however he may move on, as the Biometrics side is really his expertise and contacts and there are plenty of CRO's, Pharma that could use that.

Well there we have it, having got everyone to vote down the placing, we now see the real situation, they want to change the BoD (and yes, KingHomerJ that includes Peter Sargeant).

As I said last week, not sure whether the Doc is doing it for shareholders or himself, I think the latter now from this requisition.

I was involved in a requisition to change the Bod in a company a few years back, the first EGM vote failed and new people had to requisition a second EGM, I was approached as I had a large holding and together with 2 others went through the extensive paperwork and legal checks. Again the vote narrowly missed (as a lot of nominee votes weren't put through by the brokers), as a requisitioner I had to hold all my shares and after the vote it became apparent one of the original requisioners and prospective Director had used the rise in SP up to the vote to sell out. We were massively let down, the Company was wound up a few weeks later.

I would honestly say that if you need the money you have invested in PYC to use the current price to exit and sit on the sidelines to see what happens, before re-entering. The likes of Laura now telly us the BoD have done nothing for the last 5 years, everyone is fighting for their own book, if you are anyway uncertain take the current price and keep your capital. It could go up, or it could go down, I just remember the day when the RNS came saying the company I mentioned above was suspended and the loss I had to take that morning. Caveat Emptor!

DeBull,

They are all nominee holdings, they are the brokers that hold PIs stock in nominee accounts, II, Barclays, HL, etc. They aren't Institutional holders invested in, they hold our shares and we get to vote on them.

TRENCH,

We said they would raise before the money runs out, else they would have been knocked even lower on the discount, everything said is a matter of record on this thread, I think you or Laura will find it hard to try and change that narrative. Some were right and others (you, Laura and KingHomer) were wrong, again!

Why would the excess funds make you change the way you will vote, surely you were for the fundraise or not, surely you are looking to back Millen or Doc, or did you get all your allocation in the WRAP and now think you would quite like it to go through?

Apart from I clearly stated that I didn't take part in the PYC WRAP in a post earlier this morning.

I love the way that the different factions try to discredit each other, I am not for or against the Raise, I just stated for months it was going to happen.

Whether the Company is going to be run be Jim Millen or Doc Holiday, bothers me not, my holding here is very small and only kept it as it sits in a SIPP and I cannot be bothered to sell it.

TRENCH,

If you mean I have been telling you that it was coming for the last 6 months, then yes, I was very clued up, unlike those who were in denial for so long saying the Company was changing and it didn't need any more money, had a cash runway until late this year.

If you mean I had anything to do with the placing or even took part, No, I have never taken part in a placing, I have with open offers and WRAP type things but never a placing.

TRENCH

You have never been anything other than positive on this Company all the way down and with all the dilution, I think you like being shafted.

You certainly have been wrong most of the time.

Laura,

LST placing was awful, but it was to acquire the remaining IP and Company for one of it's products and the rest of another company in it's CEM division, good reasons to raise, massively poor price and existing shareholders have been shafted. Yes I lost out on my recent purchases but that was just bad timing, I will average down to build up my stake in the WRAP and have taken some losses to go against CGT this year.

I didn't take any PYC in the WRAP, but it now looks like shareholders could have bought as many as they wanted, shame for them if it doesn't happen.

Love the fact you are still reading my posts even though you claim I am filtered ;O)

Listening to that presentation, RB did well as he was clearly nervous (many scientists would be in that situation), however, my biggest takeaway was the questions, those asking seemed very impressed with the scale and accuracy that OptiMAL offered. I can see them wanting to have more detail, but you could hear the interest from those in the room.

Seems to me you are either at 0.5p with no money or cashed up for another year but at 0.3p.

Doc's last message seems to say that the Company isn't in great shape and the Directors are that great as he mentions changes and although minor if people stick their heels in then they could end up major changes.

Sounds a little like a threat and although I believe that PYC needs that change, not sure whether the changes that Doc has in mind suit just him and his mates or the BoD or the shareholders? I am sure he will claim all of them, but that doesn't ring true.

So do the WRAP holders vote yes to the deal and collect their stock at 0.3p (a surprisingly large allowance for the oversubscription, I suspect to try and get support for the vote), they have their money tied up and so would not have been able to participate when the SP fell the other day. Or do the shareholders vote against, the WRAP holders miss out and the Company still needs to find £500k in cash quite quickly?

They were trying to raise £500k, 151m shares at 0.4p would raise £600k, they have authority to allot and issue 151m shares at nominal value from the November AGM.

You should also note I am only the messenger, I pointed out the two sides I have read on these BBs, etc and what they are both saying.

On the Company's future, I still wouldn't touch it with a bargepole, great Management?? The CEO is leaving shortly and Millen hasn't managed to do anything with this Company for many years.

DeBull,

Let's just say when companies like PYC do a placing their advisors and Broker go to certain large investors to place the shares, they are unlikely to get Institutional support, so have to rely on large PIs. These guys are the go to and can chuck £250k at a placing fairly easily because they know they can make a good turn on it.

I suspect Doc wasn't part of the discussions on this placing and therefore feels aggrieved and has doubled down to fight the placing via the vote. PYC is a sitting duck, it has very little interest in voting, BoD have no shares to back up their decisions and it's market cap means that a large slew of the company can be bought up for peanuts. Therefore with a few mates, Doc is trying to illicit a short squeeze on the shares, whether that works or not is another thing.

I can see some say MMs have forward sold and therefore have no stock to feed the buyers (hence a short squeeze) and others point out the Company only has to announce a change in the price and it doesn't then need an EGM and so it cannot be voted down. So will the prospective placees accept a 33% hike in costs? While the SP is above 0.4p, maybe?

So they have closed the bookbuild after getting the £6m in super quick time, I wonder why??? Far to big a discount.

Do wonder if some will look in the market? We saw the first little move with the scalpers this morning, but will some longer term newbies/ holders take a bite now?

0.4p raise.

Not sure of the numbers but they need the GM to allot some the placing and WRAP shares, so likely to still need a GM at 4p raise.