Will drop like a stone. Last chance to get out is tomorrow before it tumbles. 320 million 1p shares will be raining onto the market Tuesday morning and it will be a crazy rush to get out above 1p. Once it reaches around 0.9p there will be some buying back. May even go to 0 .65p. Dyor
The record date is 6pm on 20th May 2024. Anyone buying shares on 21st May wouldn't be able to get the 9 gor 10... if you bought shares on 20th Mayor before then you qualify.. try reading the rns on 21st. It's there in black and white... remember 230 million shares hit the market early next week...
I'm not here to either boast or advertise my (now ex) share holding. I'm here to share and exchange opinions....nothing else. Suffice to say I will buy back though not before Tuesday or after as the 230 million shares will drag this to at least the offer price of 1p. I also think (like Angle) it will ho lower than 1p. Admittedly Angle are a different outfit but the facts remain almost all raises bring the share price down to the offer price and below... it has happened with hundreds of companies. Polx are no different... I'm glad I went to 1.55p as it gives me a good bit if room to purchase a lot more shares for less. Dyor
I explained this when the RNS from the company detailed who gets what in the share offers. I then contacted the book runners and the registrar to check everything and sure enough 411 million shares are going into public hands on 18th. 230 million shares are going to brand new investors who will ( I believe) sell them for a 10%, 15%, 20,% profit. Go figure.... I sold the rest of mine late yesterday and will buy them back when it drops drops drops to 1p....like it is doing now...DYOR
You will all be happy to now I sold the other half o my f Polx shares today at just over 1.5p. So when the 411 million shares hit on 18th and the price tumbles I will be able to buy them back for a lot less.... Hope some of you did the same as we are going back to 1p . Warch and see. Dyor
Wouldnt surprise me if burylad poped up and claimed to have bought he 2.5 million share trade late on yesterday as he knows he has no chance of getting them for 1p. There's no way he's put that order forward imho as he would need to have over 2.5 million shares in his trading account which I know he does not have. Guaranteed he pops up next week and claims he got them foe 1p or less...
The trials and research been going on a while for gas exchange which I'm told will be able to use within fda to bring to 2025/26.
Check my post at 13.32 today for company RNS on gas exchange
This guy has no clue of what's going on in real life. He makes it up as he goes to suit he stupid fabricated predictions. Listen yo him at your peril. He will dissapear in a bout of rage when reality hits...right before our eyes. Pmsl at this puppet. Dyor
Sickjacob - truth is something you cannot lie about. Read and (try to) learn you numbnut. The following has been copied from polx update to market in December 2023 -
The Company had a productive discussion with the FDA in its formal Type B meeting held in October, which provided additional guidance on the path to expand the XENOVIEW indication to include regional visualisation and quantitative assessment of gas exchange and microvascular haemodynamics for both pulmonary and cardio-pulmonary diseases. Management plans for the clinical trial to begin in late-2024, with approval possible by the beginning of 2027. Dyor
The gas exchange needs fda approval and trials dont start till the end of this year and will cost a few million yo complete. Approval could come in 2027 at earliest. There will also be another raise before the end of 2025 which CVJackass has already stated. There's a long way to go as polx have restarted the marathon after we completed almost 25 miles. Starters at the ready..the gun goes off on 18th june. Let's hope we dont end up running in the wrong direction. Dyor
Sickjacob-(AKA snake eyes) next time you sling mud in my direction be prepared to back up what you accuse me of with real facts! I gave you the opportunity yesterday and you quietly slither off. I've met a few like you in person....all talk and no sense...hot air with a fork tongue. - dyor
I find it interesting that a large number of companies have gone under recently, especially AIM companies due to not being able to raise funds in order to continue trading. Polx has fortunately managed to raise some funds though it will not be the last time as funds will be required again later next year (courtesy of CVJackass). Angle (Cancer biopsy company) who gained FDA approval for their medical parsortix ctc harvester, raised around £9 million yesterday at 15p a share. This price was a 17% discount to their share price of around 18p, as opossed to Polx's much heavier discount. Today Angle's share price went below the 15p offer. It does show that when a company raises cash in any environment the issue price can and often is met and shares can be traded below the offer price. I do (like everyone else) hope Polx will climb in the future but I predict more pain before this happens. Hence why I sold half my shares and an not taking the 9 for 10 offer. Good luck to us all. Dyor
Halifax deadline is 11.59 tonight. There has always been an option to oversubscribe on the Halifax platform though the Registrar advises not to request over 12% above your entitlement otherwise it will be denied. Anyone not sure should contact the Registrar. Dyor
Both ISA and ordinary share dealing CREST accounts need to be funded by 23.59 on Thursday June 6th. Non CREST (paper certificate holders) have a further 4 days to send the completed doc in by post. The registrar has advised not to request more that 12% above your 9 for 10 allowance. I personally am not taking my 9 for 10 offer. the rest is... well.... lets see how it goes. Good luck everyone (including you jacobslick) dyor
Jayblu48- thanks for the advice. My shares are in my ISA. Im also of the opinion the share price will go sub 1p before or around the same time as the new shares are issued. Ive kept half my shares in case I'm wrong. Worst case scenario, I pay a little above 1p for my penny shares which I sold around 1.2p plus any shares I wish to top up at just over a penny. Best case scenario, I get all my shares back plus buy back double for less than a penny each which allows me to buy back more than I originally had at a cheaper price since I sold half for 1.2p. There is method in my madness....or perhaps it will end up being madness in my method. Im taking advice from someone who knows (although I am not allowed to mention their name) Dyor
Hello Ab201. Thanks for your concern. I contacted LSE yesterday to enquire why my post was removed and was advised I should not use Ex directors names when highlighting my personal discussions with them in any of my posts as it is regarded as inside information. I apologise for doing this. I was then invited to rewrite the post and omit their names which does not constitute insider information or knowledge etc. I had no intention of divulging inside information although in my opinion it isn’t inside info, but then rules are rules. As I said yesterday I have sold half my shares (hedging my bets so to speak) and will look to buy them back well under 1p. Dyor
No wonder the share price is dropping today (and will continue). Mark my words folks…our share price will drop to at least the offer price…more likely around 0.75p (three quarters of one pence) per share or even lower. The reason I totally believe this will happen is 2 main reasons for not taking part in the new share offer is real food for thought info I received from you know who!. If I mention their name (and you know who I mean) shrunken shpunkers will have it removed. A lot of pain is on the way from CVJackass. I have now decided NOT (with capital letters!) to take up the 9 for 10 share offer as I totally believe what has been said by you know who has a lot more knowledge, insight (and shares) than I do they are also much closer to the company’s future plans than I am imho. We are arranging to meet up with him and his family in London in late July when I cant wait to ask a number of questions they will have honest answers to - much more so than anyone on this board (or anywhere else for that matter). Safe to say CVJackass has anterior motives which do not include shareholders who are in this stock at over 2p a share. Dyor.
Remember what was written before shpunkers got it removed.... the share price is going below the offer price of 1p. That's ftom you know who . I sold half my shares today and am NOT taking part in the share offer. I will average down after the price goes sun 1p. Don't say you were not all warned. CVJackass doesn't want us onboard. Do your own research and watch the share price drop.