Member Info for Troutisout1

It closed last Friday at 28.6p on a lowball UT, I did my calculations from the Opening mid on Monday of 28.85 and 25.25p as the SP at the time of calculating, a drop of 3.6p which is 12.5%

In your figure you seem to use the percentage from the lower figure, when obviously it needs to be worked from the higher figure it has dropped from.

20% of circa 25p is 5p, but 5p from circa 30p is a 16.66%.

That's why investing is so hard, to make up a 33% drop you need a 50% increase to get back to par, a 20% drop needs a 25% increase to get to par.

Anyway enough of the maths, it looks like the drop led to a lot of 10k buys, I assume that was all that was being offered at that level, suggesting a false move and backed up by the recent move back up from there. In the absence of any delayed sells, I just think the MMS are whipping this about a little to see what they can get, we all know there is a trading update due (including the MMs), we just don't know the content yet. GL all...

We are also down 12.5% not 20%.

I think it is being dragged back down by MMs, this is the level we were seeing larger buying and likely be the area where further orders to buy are lodged.

What made sense was the discussions during the suspension, there were negative comments from everyone at one time or another, the share came out of suspension at the equivalent of 1.5p in today's money (still massively down from previous prices), it dropped and then you had the pump and dump that spiked it higher and instead of using that to get out, some (so called LTHs) bought more enabling the pump and dumpers to get out and are now sitting at 0.25p. One sixth of the suspension price, so needs to 5 bag to just get to that level again.

Nothing makes sense now, holders have just voted through an AGM that will allow the Company to raise some money (probably to pay down some debt more than anything else) and you are in a position where 7.7m more shares hit the market tomorrow and the company have your approval to issue up to 900m more shares (remember there are only 69m after tomorrow's opening). If they issued them all at say 0.15p, then they would raise £1.35m that would cover the lender (around £900m)and have £450k left, how much of the company would you own in percentage terms after something like that???

Ooops jumping the gun a little the conversion shares are expected to be available for dealing tomorrow on opening, so only 61,624,316 are issued at this time.

They also haven't allowed for the 7m shares issued for the conversion by Geoffrey Dart, market cap just over £200k

It would need to be put out to a larger cohort before they could really confirm the efficacy and safety of the drug, these things take time and each step needs to be followed, they will get there but they need to decide how/when and who to licence or sell to and now the added complication (positive benefit) of POLB001 having a serious market in Cancer treatment CRS side effects. This will lead them to look at licencing POLB001 as a whole or as two markets, I personally think they want it to go as a whole and will be looking at a top pharma to take it on for all it's uses and a deal like that can take many months/even years to agree.

Neil777,

Sorry to hear that, you seemed to have a good grasp of the situation.

WinBig, it isn't going to rise to ATHs as it has nothing left, it isn't even a clean shell as it still harbours nearly £1m in debt...

Reading back through your posts, just shows you for who you are, a ramper who claims to have bought back in mid October/November, lost the large majority of that and is still ramping....

On the contrary, Peterhouse will be working their socks off trying to find someone to raise some funds from, not sure this is liquid enough for a death spiral CLN nowadays...

Aside from today's RNS I read this and apart from a good news story there is a relevant part here,

"Like other patients on blina, Arthur was given medication to cut the chance of serious reactions or side effects before his infusion started.

At first, he had some bouts of fever and needed to stay in hospital for checks."

htTps://www.bbc.co.uk/news/health-67793887

Surf1, this is a pharma company, developing drugs and delivery systems, these have to be methodically developed with many small milestones, if you don't do that you don't get best price at the end when licensing or selling the asset. It takes much longer than developing a non medical product and therefore needs the patient of a saint.

I would still rather wait another year and get top dollar (especially for something like POLB001 which obviously has more uses and scope to expand on those) , than just take the first exit.

Management are in an impossible situation as they try and update us on these milestones (progress) and some investors want the final outcome now, it doesn't happen that way for companies like POLB.

Neil777,

You sold out now or letting them ride?

It might be for some Sianna, but for current holders you are just about to get shafted with a lowball financing, using the 9 billion in today's money, 900m in Monday's money, shares you have just voted to authorise them to allot and issue at any time.

Shares will open up at 0.45p on Monday, that is 30% of the price at suspension, but then what price are they going to get a financing away at? 20% discount, 30% or more even, they haven't really got a lot going for them so aren't in a position of strength when it comes to financing.

Radika,

Still got your head in the sand...

WinBig2023,

11 posts all ramping and since last October when the rise here was going to melt faces, nothing more than a ramper who got stuck.

I know it doesn't suit the pump and dump agenda but I will still post and I sincerely hope you and your sort get caught up here and others don't...

After the restructure the amount of shares will be 61.5m, then there will be an extra 7.7m from the conversion by Geoffrey Dart and then they want you to authorise the issue of up to 900m more shares to rise capital, that is about 15 times the current share issue, that's a huge amount and if issued what sort of dilution will current holders see? They will end up with around 6% of the Company...

Obviously not and the Company have shown their disdain for you holders by not even providing an update to the market prior to the AGM. So nothing new coming out in the AGM, they haven't got an RTO lined up and need the capital restructure and allotment of a massive amount of shares, because they intend raising some cash and dilute LTH to oblivion. Ask Latino (when he has got his sums right) what the amount of shares will be after the restructure and how many shares they are asking to be authorised for allotment, talk about overkill, but perhaps they need that knowing the price they will likely raise at. Caveat Emptor and use spikes wisely...

I think you are right there Hallsworthy, I just remember having to sign a form after declaring a 8.3 notice stating I wasn't part of a concert party, but that was after an offer had been made for the Company.

Mark,

I have just seen the blatant ramp by Latino (he hasn't even got his figures right) and just going to ask you whether you are attending the AGM tomorrow? Or is anyone?

You will be able to see the smiles on their faces when they announce you turkeys have all voted for Christmas.

There will be pump and dumps here, but certainly nothing pleasant coming up. Chesterfield have basically had to convert a loan of £500k to 7,692,307 shares valued at the closing bid and after the capital re-organisation of 0.35p each, so about £27k. They have had to do this because the other alternative is administration, they have no money, they can't get an RTO while their debt is so high and Net Assets are negative £1.5m.

They have basically accepted just over 5p in the £ for their debt to be converted, if anyone thinks they can spin that into a positive then they are mad.

The AGM tomorrow will if all resolutions passed bring a swift fundraise, which will be at rock bottom prices as they haven't got anything to entice funders with apart from an RTO pipedream, anyway I am sure there will be a lot of City bods able to earn some good money rinsing this and who suffers?