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I should add that MXC stock is tightly held also. Of the current outstanding stock , 41% Institutional money, 4% BOD, 45% plus new TP placees who are holding or adding more.
Bob..you are better off in MXC than KNB every day..one is almost a breakeven business with multiple products, the other a CBD ramp based on thin air.
Finally we are showing that £50MM MCAP difference to KNB.. different quality business here..much more upside. KNB just an Akers ramp story. 6-10p range in medium term IMHO. GLA.
Not long to wait now for patient shareholders . I haven’t looked on this chat for a while but saddened to see there’s still discussion about whether 3p was a ramp or not. Let’s move on as many short term investors have. News must be getting close now. The last three months investors have pulled money out to make good returns elsewhere on AIM in CBD , EV /green plays , Pharma and specific short term mining rerates. I’ve seen some of this money piling back in here over the last two weeks absorbing some of the remnant supply between 1.05 and 1.15. It may not be reflected in the SP but I assure you it is happening and will keep happening. I tend to hold stocks longer than most AIM investors (1.5 -2 year average I would say) but have only been involved in this one from the four TP raises including warrants on a couple. It’s been a frustrating share recently after the last big placing pulled the froth out but I still believe in the silver and iron ore prospects especially. Commodity inflation is just starting. The two CBD plays this week will only add to even more cash flowing this way with 4-6* bags made. What’s going on in Avacta and other Pharma (MSYS) also helps us . Remember Avacta was a TP issue too and their investors know UFO well. BBG owes us a few updates now so I look forward to a sustainable slow rise back towards 2p initially. 0.08 to 3.1p was a massive move last year and sometimes it takes time to settle. I think we have the floor in now and it won’t take much news to get this going IMHO. GLA .
Matador ..how much of their portfolio is CBD?
Morning..new buyer here at 13p. CBD investments doing exceptionally well this week.
MXC is a much better business than KNC ..should be worth £50MM more. Wait until the lock out period for sellers comes in KNB and the warrants start getting exercised. Then we will see where true value lies. MXC is a breakeven business with multiple products and a Cov 19 slant too, KNB a Vape company with plenty of competition.
Don't get spiked..this is like UFO at 3p..take it and run. Be happy with your returns. There are some warrants at 10p and original holders will ramp it and ramp it but they are in at very low levels. You will be able to buy this back at 15p before long.
Mr Benson..read the RNS..For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, on Admission the Company will have 360,229,328 ordinary shares of 2.5p each in issue, each share carrying the right to one vote. The figure of 360,229,328 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Paulcon..a good summary. Institutions are about 41 percent , BoD 4%, 45% sticky TP HNW’s who have followed GB from SKIN , Moern Water, DVRG and now here. No reason to doubt or sell anywhere near here .
Ronald Trump..why are you on here if you don’t like this share? If you want a winge go to `RMS , SYME or ETQ chats where they might be more receptive of your negative offloads.
My bad on point 1/ Peterhouse did this KNB deal, Novum and Tennyson Secs are doing are doing Cellular Goods.
Honestly feel more comfortable in MXC than KNB with a £10MM MCAP difference..why? 1/ TP Holders don't sell. Novum holders are just generally the worst ..will front run deals, flip, short , ramp, everything goes..2/ Akers is in the KNB deal so he will flip his big allocation 20p plus. 3/ Different business model but MXC has more differentiating business lines including a Covid angle . 4/ MXC is breakeven with existing products by 1H 21, KNB is nowhere near breaking even and revenues minimal. I know which one I would rather hold medium term. 10 p anyone?
Looking forward to see how Dysonv12 and RobinHood can spin a negative tale on that headline. Really don’t think we are going anywhere close to 0.1 lads. Move on.
Normbeef you reached a £318MM MCAP so 8p i presume you meant not 0.8p . Current MCAP £38MM
Put some cash to work back in here today . I own up to having strayed with other shares recently chasing the quick return but used those proceeds to buy some shares back as we dipped today. It's always been my core strategy to reinvest here along with a couple of other potential baggers. Hopefully the CBD space will provide more returns to plough back here over the next few weeks which should be good timing ahead of expected updates from BBG. GLA
Just log on and buy at 8.00am . One trade, one set of trade fees, more control of where you are actually buying..
Liam..prices move so if you log on and see the levels is 3.9p or 4.7p you can choose what you want to do. If you leave a buy order at 4p say you might get filled or might not..
Liam..The market opens at 8am. I suggest you log on and buy at the open.
I don't know how many Warrants were issued in May 2017 but it looks like there are warrants, just not for the new placees buying in at 6.5p.