Member Info for Vascular

And from CEO Colin King himself "We are delighted to formalise our relationship with the UK government, and to utilise our lateral flow test production capacity to support the Covid-19 mass testing programme being rolled out across the country".

I don't think there can be any confusion in where Omega's tests will be used.
https://www.consultancy.uk/news/26949/government-and-pa-select-three-rapid-covid-19-test-producers

Its a positive that the US want to increase their numbers of home testing kits - even though not fully approved by the FDA. Notice that Quidel's view on LFT is long term, their new manufacturing facility will begin operations in the second half of 2021, initially with a target to produce more than 50 million QuickVue rapid antigen tests per month, or 600 million tests per year at full capacity.

The US Government and Quiedel obviously believe that covid LFTs are going to be required for a number of years to come.

https://www.nasdaq.com/articles/fda-accelerates-efforts-to-issue-eua-for-more-covid-19-home-tests-2021-03-03

Thanks for your thoughts Max

Thanks Dingodog.

Also a good point about OO only a shell a while back.
I wonder if CF will become more involved in MOGP in the future?

IF indeed this comes to something and CF does spin out one part of OO into MOGP. Will this be after
a) MOGP go through their fundraise
b) dilute their existing shares

So that the Shares that Orphan investors receive ( 1 for 1) would be for a new company with an new business worth ££££, therefore a higher share price. The thing that confuses me is that by that time the MOGP sp would have been on a journey ....rise before announcement, raising of funds, heavily diluted to raise funds, and then back to market.

When will Orphan receive the free shares? ...as it does not matter if its before or after the dilution as the sp will be the same price whichever - so will the SP we receive be protected / or negotiated as part of the deal in some way to protect from dilution.

Hi Trader.
That is one of the things baffling me. When the shares from MOGP are handed over to shareholders of Orphan - this will be surely after the fund raising and subsequent dilution ! So by holding Orphan shares you have the benefit of Orphan, the subsequent free shares in MOGP BUT at a share price that reflects the new company and after any dilution.

But what is confusing me is that Orphan will then get paid the ( lower) diluted share in the free 1-1!

first time SPAC virgin here, i cant be the only one.
I'm slightly confused about who pays and when the share dilution kicks in ?
Am I correct in thinking that IF say Immutex was spun out of Orph, reversed into MOGP - then MOGP need to rasie money / dilute shareholding here....so to pay ORPH for the Immutex offering in shares? If so, BEFORE this could happen then MOGP will have to raise a humongous amount of money on the market, to raise say £40 million??? quid to a) pay for the 1 for 1 shares being provided to all Orph shareholders PLUS enough money they can use a s working capital to take Immutex to its next stage.
Therefore, todays shares in circulation in MOGP could be diluted massively.

So if at that time the MOGP share price has risen to 1p ( random guess) it will then be diluted heavily back to somewhere far below 1p.
I'm pretty sure this is not how it is suppose to work . What are the mechanics of a sp rise, vs the dilution in a shell that has just taken on a business for £££ amount.

up 10%.....

Pop in the open Orphan BB ....maybe something to it.

Why have they voted to name the company UK SPAC PLC ?

I must say that does sound exciting!

NewsIN BRIEF: Mountfield set to become UK SPAC PLC after shareholder vote

apologies if everyone else knows this but i only bought in this afternoon , and f thought the business end of things had not yet been decided. Antone got anything else?
https://www.morningstar.co.uk/uk/news/AN_1614786036413594900/in-brief-mountfield-set-to-become-uk-spac-plc-after-shareholder-vote.aspx

This from the 14th February and in the RNS . I read this that Mountfield will transform from a cash shell into a Specialized UK SPAC company, an investment company . Does anyone else read this that that is what its business will be about - UK SPACS investment.
https://www.lse.co.uk/news/MOGP/mountfield-sells-operating-arms-plans-fund-raise-to-become-cash-shell-uvcawhiqedd1a62.html

"Following its transition to a cash shell, Mountfield intends to change its name to UK Spac PLC, a special resolution to approve this change will also be proposed as soon as possible after the deal completes. Spac refers to a special-purpose acquisition company, an increasing popular vehicle for new listings, particularly in the US markets."

Someone said on here that more Tr1s expected by end of this week. they were right about yesterdays - hopefully soon.

Amazing the amount of job adverts that have been released this past 30 plus days. If you bother to scroll back five pages they are still ALL Hvivo jobs - must be over 50 jobs advertised.

https://uk.indeed.com/jobs?q=Hvivo&start=10

back in the blue...!

What will bring things to a head here imo is that CF has not only told the market ( several times) that he will be spinning out several entity's from OO - but the first one will be in a matter of weeks. I would have thought that sort of information would encourage traders as much as buy and hold investors. in any case, if it happens we all win - so that's all good and nothing to gripe over.

Cyan's SP chart is not one of a share price that gently rises over a period of time, but is more prone to long periods of rtrading in a channel, then a relatively quick and sharp stutter up . If you look back at the past year - most of the sp appreciation was done in just 3 months, 2 months between May and June 20 and the single month of October, the remainder of the year the sp is consolidating in what could be described as a channel.

Between the two months of May and June 2020 went from 7p to 15p
in the month of October approx 17p to 30p .
CF has promised a great deal, and i am sure he will deliver but have no idea on timescales for a lot of it, but as far as sp goes ... my money is on another major shift in sp sometime soon.
We are due a lot of good news, so the next leg up is coming.and that's all I care about at the present time.

Past year only 3 months the sp made its main gains. During May and June 20 went form 7p to 15p. In Oct. 2020 went from approx 17p to 30p
Since October, the rest of the year we have been bouncing around under 30p .

Whoever said that share price rises take the stairs and share price falls take the elevator was spot on.

I'm no expert but I would have thought that we should see an increase in volume and sp in anticipation of first div - there is only a finite number of shares to go around, so its no skin off any existing investors, and if held tightly before any news then people will have to pay more!

This guys notes from the previous ( echo) presentation.

https://www.smallcompanychampion.uk/2021/02/open-orphan-opportunities-key-events.html?m=1

You would expect an increase in buying here and a considerable share price rise in the run up to the first dividend, its pretty common knowledge with a very near-term delivery date. I wonder if that will happen.