Member Info for TT-T

I don't see the need for any flack, I just don't understand the proposition. As GRH says, any premium over the current share price would still be issued at a significant reduction to the true value and so would represent dilution. I don't understand why it is suggested that we need more liquidity to help the share price rise without an intention to sell before the final prize. If we are all holding tight, what do we get from higher prices and more liquidity other than feeling a little more secure with possible profits on paper able to be put in hand.

Or of course if you wanted no income and preferred to sell the shares for capital gain instead of wait for a distribution. Then the share price rising sooner would be of material benefit.

I am also discounting the idea of selling a portion to derisk and let free shares ride. If the goal was to derisk at pice x it would always happen at that price whether sooner or later. As such that is not a material long term benefit, just a timing and peace of mind issue.

If, and it of course is an if, the end goal is the sale of divisions and the distribution big profits; wouldn't any dilution be a bad thing. In those circumstances, the market price/cap would never have effected wealth. We would be richer on paper but not in reality and would ultimately have a smaller portion of the pie. Would that not be akin to buying some lenses with a great zoom so we can see the summit better without making any difference as to when we get there?

If, however, we were not fully funded with a reasonable prospect of continuing income, I could see the sense in that option. A small raise and placement to raise the profile and share price so that any future capital raises were done at a higher sp would ultimately dilute less. I suppose the view would then depend on how confident you are that we can afford to do what we need to already.

We're sitting tight on 2.7m at the moment and occasionally squeezing in some drips. They can't have mine!

Anyone listened to it to know when PRD is mentioned? I skipped around a bit and didn't stumble on to it, but also should be working right now so left it for a bit.

Given the substantial buy at 8.7p recently, how much more are they willing to buy in the dip.

Have dripped in a little myself, but I don't have the capacity for more substantial purchases, I stretched myself as much as I could sub 4.

you can still open a SIPP even if you have other pensions. You cant access the funds for however long is valid for you, but you get short term tax benefits when you add to it, not just the useful wrapper for the future profits.

Do you have a SIPP as an alternative?

Thanks zebra, that's good to know I can stop counting ahead to see what the total might be.

Now that's the kind of thing I like to read on a Monday morning.

I wonder if someone could help me to understand what they mean when they refer to the warrants? Do I interpret it correctly when they say the dilution has been fully factored in, that just means that in terms of planning etc they assume they will be exercised? Or does it mean that the figure of 240m shares 'issued' actually includes those figures?

Its 12/240 rather than 240/12 so £0.05 per share. £12m divided between 240m shares or £12 per 240 shares.

I seem to remember that long term holders on this board covered over 10% so 35% + is a fair estimate of tightly held shares. I certainly kept buying on dips, more than I initially intended but feeling much more secure now TT is proven.

well someone certainly is - there are still very large chunks going through today and yesterday. That's part of what makes this rise so interesting, it isnt happening because we're "done" with large sellers, they are just being swamped by greater demand.

Helluva ****tail

You may not be, but I and others are. It may not affect our investment decisions, but it is still a part of the background picture and relieves basic curiosity as to what positions some people hold when they post.

It also is a message of positivity, even though the share is 4.5 times the price of his average holding know it is still worth buying more. That's just another way of saying the same thing many here say about the future of this.

Although to be fair, I can't process a dummy sale outside of auction even for £500 so I don't know how much that tells us. On the positive side the buy quote is fractionally higher than yesterday

Hi Wacky,

Are you suggesting/suspecting that it is Paul and the others selling out to keep the price low until its ready?

I fully understand tight lips until its ready, but surely any person who really believes this will hit the roof would be losing huge sums with these sells to keep a price artificially low. The only immediate thing that occurs is some form of shenanigans in which they need the price to spike at a particular point, but plan to sell out before the projects reach finality. Even then it doesn't make much sense. The same would be achieved with an early spike and ordinary ebbs and flows until that point.

Really, what scheme or plan would ever need the share price to stay low absent some grant or award available only to micro cap companies?

it is the large chunks that I find so odd. Small trades are easily day traders looking for small profits and moving on. But a person or some people have invested really quite significant sums that are being sold off at a very strange time. Why invest that much if not because the company has been researched thoroughly and the large potential has been seen?

I also wonder if it is nothing more than a reflection of the prudent cash preservation approach. Keeping a lid on spending, including marketing, has helped us rode out these delays.

From the perspective of large holders who do not plan to sell until the end, a steady rise towards the end would be nice but would make no tangible difference. It gives one a sense of comfort to see the value grow and may allow derisking sooner, but thats it. When there are successes we won't have to worry about word spreading, but if we did then marketing would be money well spent at that point.

I share the sense of frustration that this isn't moving but I don't see that I gain anything other than having that relieved by an early rise. On the contrary there are gains to be had from this. As mk111 has suggested, there is a potential tactical advantage. I feel that may be lessened if it was publicly acknowledged as objectors would point to it to paint prd as a disingenuous unreliable co. With the share price low I have been able to buy much more than I otherwise could have. I may be at a limit but I could dribble in still.

If the price rose on investor sentiment, I could add less, but it would also likely have periodic substantial falls pre news. That adds a different stress and may tempt people to shrink their holding for fear someone knows something when it is just foibles of investors. The small changes we see now are really pretty stable.

0.8% in a single purchase, nice. Anyone want to claim ownership of that I wonder?