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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.
Yeah because investors in a placing are going to sell the shares as soon are they are issued at a 10% discount to the price they bought at? LOL!
You still haven't pointed out where this happened last year when they had a similar placing at a much bigger discount and were in deep trouble and yet you think it will happen now when the discount was minimal, the prospects are much more positive and the Biotech/Pharm sector is seeing a resurgence. The Instis buying the placing will hold as they did last time.
Zac Mir's latest - Comment: It could be argued that fundamentally FAB is now on track as a recovery situation, with the purchase order and recent funding. Only a rise in the share price is missing."
I know they have to do a voting rights RNS every now and then, but seems pointless when that number is going to change next week?
And Micho will be over at AVCT telling them about their placing and what it all means....
She was the one asking for the views from genuine investors, well if she stopped listening to other people's views, especially the 'genuine investors' then she may have had to take her head out of the sand and formed her own view and saved some of her losses.
Unfortunately she has listened to too many scammers here and probably aided them getting out with a profit at her and others' expense.
Yet she still asks.......
It seems the dim one is the person that lost a packet, that they couldn't afford, investing in this before last years troubles, that then comes back to haunt the BBs in a fit of pique and has the temerity to call out other investors as dim....
We'll see what happens but from the last placing, it looks like several Institutions took up a lot of the placing and Directors the subscription, these all still hold those shares.
The retail offer only saw a 22% take up and yet these would have been the people able to make a quick turn if they so desired and they could have profited, so why didn't the SP sink back to the placing price immediately after the issue of shares? It took quite a while and more bad news before the SP sank back to the 5p level.
So I would think the same and more will happen here as the discount to the SP was extremely small and that is not likely to interest the bucket shops that you would like everyone to believe will be selling out on a sniff of a miniscule profit. I also see the news flow now turning positive and the SP reacting to that, as the turnaround continues to grow.
I've made my play and you obviously are unable to , so we will see if my opportunity or your bile, win the day....
Just the same traders trying to rinse a few again....