Member Info for Troutisout1

The market cap is the amoint of shares in issue x the current share price, so roughly 970m x 7p = £679k.

But that is really still full of hot air as 900m of the 970m were bought at 0.01666p, so can see the SP gravitating downwards still. Just wait until the day traders realise this and bail out this afternoon. If the new investors want their money back they need to sell how many shares to get £150k? Around 200m averaging 0.075p and then they keep the other 475m for a free ride or is it the lender who has been given 225m shares wanting to get what they can for them?

Whatever I think PIs and traders are going to be squeezed out of this.

There should be some holdings RNSs soon.

They didn't get any cash from a placing, it was used to repay the lender, the market cap is approx £700k at this moment.

Well someone just bought 675m for effectively £150k, that's 0.022p a share, so selling it at these levels is big profit for them...

Neil there has been nothing to say there are any constraints on them selling and with the authorisation already agreed from the AGM the shares can just be issued. They could have even forward sold shares to cover their £150k.

I have emailed Peterhouse for a clarification, but the 'new investors' only paid £150k for 900m shares and then gave 225m shares back to the lender, PG received £150k for the 900m shares and then gave that to the lender.

So if they were sold at £0.001 then where is the other £750k, I believe they didn't sell them at £0.001 and that was just the nominal value of them. So the 'new investors' bought 900m shares for £150k and then gave 225m away, leaving 675m for their £150k investment.

That is just under 70% of the company so they could easily make a bid for the Company at the highest price they paid (which is £150k/900m), they will control the Company and the SP with their holding.

They will own 67% of the company, they will get their £150k back, they probably have been selling off shares already, for every buyer paying 4 times what they did they can sell of just a quarter of their holding to recoup their money, but Latino says it's cheap....

That's because the RNS is confusing and they have stated the nominal value and not the price the shares did sell at, which is £150k divided by 900m shares.

Only for someone in the construction/real estate sector.

You have no clue.... The 'new investors' are sitting on 675m shares that they paid £150k for, that is still a 1/4 of the current SP, they can then sell down like confetti, while you tell people that it is bargain basement at 4 times the price they paid....

It's quite simple, look at what PG sold the 900m shares for and if it isn't £900k it wasn't at 0.1p.

He sold them for £150k so a sixth of that price...

Really? It was the lowest they could issue more shares at, certainly not the lowest it can go.

The RNS is misleading as it states PG disposed of the shares at 0.1p when he disposed of 900m shares for £150k, not £900k, so not at 0.1p

So the new investors bought 675m shares (they gave 225k to the lender) for £150k, so that equates to 0.00222p a share. I think it has further to fall when people work that out...

Will the New investors be waived from having to make a bid for the Company as they hold over 50% of the share capital? If they make a bid it would have to be the highest price they have paid over the last year, which as you can see from the RNS would be £150k/900m shares. They will wind this down and take it out on the cheap, all legacy holders will have nothing.

Well there you have it, the massive dilution that was voted for at the last AGM, unfortunately if you look into the transaction you will see the value the shares subsequently changed hands is far smaller than the 0.1p they were converted at, so I suspect it will drop down to that level.

There will be some who will try and pump and dump this, but holders have been all but wiped out.

"Volume had dried up and no one is buying...FACT"

That is incorrect, although I won't be buying more until the new shares are issued....

Yes I don't think it will take many more buys to go on a proper trundle upwards....

Where is IOVA listed? Good luck with the strategy, I think I probably bought your shares from the MMs last week, however I can't sell them back to you sub 4p, so you'll have to get someone else's LOL!

As I say I think there will be mucking about with the price action until the result of the GM and issue of placing shares and any TR1s that go with that. Have to say, the placings announced this week have been savage so makes the 5.88% discount here look a great deal.

Clearly going to be using some of the funds for marketing as the stated, looking at a busy end of March for the team.

Not sure it is leaky news or just people have waited to see where this was going before buying, but now FOMO is kicking in as the buying escalates...

Delayed 200k buy just gone through...Have to agree that this will go higher than 4p shortly, whether it does before or after the GM result???

I've decided to invest before, others may be waiting to see...

Darkryder, did you sell above 4p?

Definitely trying to stop any rise, can't afford to hold back the offer, so they drop the bid and widen the quoted spread. Makes the chart look like it went up and dropped straight back down again.

I got some more yesterday and now will sit on my hands until the new shares are issued.

Judging by the trade action, there have been a few sellers, but buyers like myself have been more than willing to pick them up.

I think the SP has been kept down though (NT for buys last week and earlier this week, SP taken down on more buys than sells). There is no evidence of a seller apart from the end of last week, not long now for the GM and then I think with the placing away and shares issued (and I expect for a lot, Holdings RNSed), the market will wake up.