Member Info for whimax

Another 40,000 for me at 1.17p.

Average now under 3p. Thanks.

Lol. Absolutely ludicrous reaction to this mornings RNS.

Good luck to those still holding, welcome to those who got in at bargain basement this morning, and good riddance to the loonies that sold at this price.

Definitely a sign of confidence, and only a small amount (22m / 3%) of shares can hit the market between now and April, and at a slight premium to yesterday’s price.

THINK YOU’RE ON THE WRONG BB.

Then there’s this of course ;-)

Could drop any time, but being ultra cautious in the RNS this morning imo.

https://twitter.com/shredz90/status/1461239768319148035?s=21

Haha. That’s the million $ question Awax (depending on how many you buy, of course lol).

Other thing to bare in mind (for this sitting on the sidelines) is the size of the bounce if/when outstanding Govt monies are settled/agreed.
This did 50% yesterday on nothing but vague rumour. If Govt stump up cash and it’s RNS’d at 7am, we can expect 50-100% gap up on open imo.

When talking about “placings” it’s important to remember how much skin Yates, Hand & Page have in this particular game. The three of them own almost 20% of the company and will be extremely reluctant to over dilute (if at all) and will view it as an absolute last resort.
Yes, it has to be discussed and highlighted due to cash burn and cash in hand situation, but extra cash will be a short term requirement which is why Directors Loans are mentioned, and not a requirement at all IF/When Govt monies are forthcoming.

GL all

That’s TILs isn’t it mate?

Yes, that looks about right LJ. Crazy.

Sorry. On re reading, it does say ADRs are tradable on their platform, so assuming they can transfer them (which should be straight forward) I will keep and transfer from my ii ISA to my ii trading account.

Has anyone spoken to ii and asked if they can easily be transferred to a Trading Account? Mine are currently in my ii ISA but will defo keep them and transfer to my ii trading account if that’s an option.

They don’t specifically say in the Corp Action, but hint at it, is my view.

Thoughts

A corporate action is taking place in relation to ACCUSTEM SCIENCES (stock code BNT2JT9), which you currently hold in your portfolio (a/c 4717334). Please read this notice in full and make your election by 23rd November 2021.
What is happening?
Conversion & Sale Facility - Facility to convert to ADRs Conversion Fee - USD0.05 per new ADR
Payment Date - Upon receipt

We are offering an opportunity for holders of Accustem Sciences ordinary shares to convert their shares into Accustem Sciences American Depository Receipts (ADRs) and then have them mandatorily sold. Accustem Sciences ordinary shares are not currently trading on any recognised exchange, whereas Accustem Sciences ADRs are tradable on NASDAQ Over the Counter (OTC) in the United States and as such can currently be sold via our platform. Neither the ordinary shares or the ADRs are currently eligible to be held in an ISA or SIPP account, so this opportunity will provide holders who don't want or are unable to transfer the shares into a Trading account, to sell the shares and keep the cash proceeds. Each ADR represents 2 Accustem Sciences ordinary shares. Your options are;

OPTION 1 - Do Nothing (Default). You will keep your Accustem ordinary shares on your account for the time being but will continue to be unable to trade them unless the company obtain an additional listing on a market that is facilitated on our platform. This may mean we have to take additional action in future due to the shares currently being ineligible to be held in ISA and SIPP accounts.

OPTION 2 - Convert to ADRs and sell. Your holding will be converted to ADRs on the basis of 1 Accustem Sciences ADR in exchange for every 2 ordinary Accustem Sciences currently held. Your account will be charged a conversion fee of USD0.05 for every new ADR issued to you on completion of the conversion process, which is payable by us to the ADR Depositary, JP Morgan. You will also be charged Stamp Duty Reserve Tax on the transaction at a rate of 1.5%. These charges will be debited from your account at the point when we receive the new ADRs. We will then sell the ADRs on your behalf at the market price at that point in time and credit your account with the cash proceeds.

.

https://twitter.com/chariot_energy/status/1456530535220715527?s=21

Also, trolls keep telling us ODX aren’t currently selling any tests in the U.K.

Relax people. This is exactly why ODX went EU route for Self Test approval.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1030123/covid-private-testing-providers-general-testing-011121.csv/preview

https://twitter.com/mike23edwards/status/1455092659413000192?s=21

So the SP is underpinned at 40p (see Computer909’s post below) which means roughly only 8p (or 16%) is written in to the share price for Covid potential. That doesn’t seem a lot when you consider Govt contract for up to £374m (for 1m a week) and a further 1m a week capacity on top.
We are waiting for approvals, when they land we’ll find out the true value.

You’re about to run up your own backside Harvey!!

What you actually implied was that the BoD at ODX would be able to hoodwink the entire market into a takeover, because a few people on this forum do not understand the rules.
You and TWATcher (and a couple of others) are really they only fraudster on this forum.

Give it up son, you look sad and desperate with your daily borefest on here.