Bioseek Share Discussion Threads

[buywell2] 11/6/2012 14:13

Don't be daft

The ATD life span now could be compared to that of a fly

[spaceparallax] 11/6/2012 12:04

It's about the longer term not a blip

[buywell2] 11/6/2012 10:46

The BIGGER trades are now sells as shareholders decide to exit with something

De-Listing means the company can't carry on paying the monies required to stay listed

ie it is 'dans la merde'

Latest trades

Time Price Volume Block Price Bid Ask B/S Type
10:22:33 1.4p 15,000 £210 1.25p 1.5p BUY O
9:52:02 1.25p 250,000 £3,125 1.25p 1.5p SELL O
9:47:15 1.5p 10,000 £150 1.25p 1.5p BUY O
9:47:12 1.5p 10,000 £150 1p 1.5p BUY O
8:24:08 1.5p 143,255 £2,149 1.5p 2.25p SELL O
8:22:57 1.6p 32,341 £517 1.5p 2.5p SELL O
8:19:39 1.6p 30,000 £480 1.5p 2.5p SELL O
8:01:32 2.2p 159,000 £3,498 1.5p 2.5p BUY O


You can now buy at 1.4p ..... that's 35% cheaper than at 08:00 hrs

Whoever bought at 08:01 has lost £1.5k in a couple of hours

[spaceparallax] 11/6/2012 09:23

That will at least ease some of their financial pressures.

[buywell2] 11/6/2012 08:32

Interesting RNS

The cash will be used together with the remaining cash to pay of the debts

The company will most likely delist

Because it can't afford the associated costs

Should go through

· If the Disposal Resolution is not passed, the Company may be placed immediately into administration.

Shareholders in my experience rarely get anything back once delisted


Somebody is out of pocket already

Latest trades

Time Price Volume ..Block Price Bid Ask B/S Type
8:19:39 1.6p 30,000 £480 1.75p 1.75p.... SELL O
8:01:32 2.2p 159,000 £3,498 1.75p 1.75p BUY O



Sells starting to come in as delisting concerns grow

Latest trades

Time Price Volume Block Price Bid Ask B/S Type
8:24:08 1.5p 143,255 £2,149 1.5p 2.25p SELL O
8:22:57 1.6p 32,341 £517 1.5p 2.5p SELL O
8:19:39 1.6p 30,000 £480 1.5p 2.5p SELL O
8:01:32 2.2p 159,000 £3,498 1.5p 2.5p BUY O

[buywell2] 08/6/2012 16:28

Somebody bought £2 worth of ATD today at 11:29:07

Was that you space averaging down ?



Trades


Latest trades

Time Price Volume Block Price Bid Ask B/S Type
15:48:18 1.83p 53,191 £973 1.75p 1.75p BUY O
12:43:27 1.8p 4,329 £78 1.75p 1.75p BUY O
12:35:18 1.83p 15,803 £289 1.75p 1.75p BUY O
12:24:16 1.8p 32,476 £585 1.75p 1.75p BUY O
11:29:07 1.83p 100 £2 1.75p 1.75p BUY O

[buywell2] 07/6/2012 15:32

About £1,350 traded today in 5 orders , two of which total was £112

Last Knockings


Latest trades

Time Price Volume Block Price Bid Ask B/S Type
14:50:29 1.7p 28,680 £488 1.25p 2p BUY O
12:36:49 1.7p 2,386 £41 1.25p 2p BUY O
12:34:23 1.75p 4,036 £71 1.25p 2p BUY O
12:05:14 1.7p 15,803 £269 1.25p 2p BUY O
11:01:37 1.91p 25,000 £478 1.25p 2.25p BUY

[spaceparallax] 07/6/2012 09:34

You are a sad person - you probably enjoyed pulling the legs off spiders when you were young.

[buywell2] 06/6/2012 21:26

Down 25% today .... on any other day ATD would have made the advfn top fallers board

wonder if some news has leaked ?

[buywell2] 25/5/2012 15:12

Trades today so far , note the BUY price 2.18p and SELL at 1.86p

A difference of 0.32p

Meaning that buyers over the last day or so lose the equivalent of 15% due to the current spread

More SELLS today .... 90k V 49k , recent volumes have been tiny .... but even that got it a mention as a riser in a Daily ... shows they don't look into technicals

Latest trades

Time Price Volume Block Price Bid Ask B/S Type
12:34:11 1.87p 10,291 £192 1.88p 1.88p SELL O
12:13:17 1.87p 1,100 £21 1.88p 1.88p SELL O
10:03:10 1.87p 17,817 £333 1.88p 1.88p SELL O
9:18:09 2.15p 17,817 £383 1.88p 1.88p BUY O
8:18:32 1.86p 61,384 £1,142 1.88p 1.88p SELL O
8:17:00 2.18p 30,692 £669 1.88p 1.88p BUY O


added

looks like the next trade has tipped the balance

[spaceparallax] 25/5/2012 08:58

certainly don't - they're open to mkt manipulation

[buywell2] 24/5/2012 19:31

You don't operate stop losses then

I wonder if these FEW buyers have read the latest RNS

''Shareholders should note that the proceeds from a successful disposal of the Tissue business should enable the Group to repay its secured creditors but that its cash resources will not be sufficient to cover transaction costs and retained liabilities. Further funding will be required after the disposal of the Tissue business to sustain the BioSeek business on an ongoing basis or until a sales agreement for the business can be reached.

Shareholders should be aware that the completion of any disposal or the securing of additional funding for the Group is not guaranteed.''


From the RNS it said '' BioSeek revenues declining''

So ATD are needing to take on MORE debt to finance a DECLINING business

Also CASH is now in short supply ..... so short that as part of trying to save money/cut costs the company will in my opinion DELIST

From the latest RNS

''the Board is also considering whether or not it is appropriate for the Group to continue as a listed company following a disposal of the Tissue business. ''

It won't be easy to sell shares then

[spaceparallax] 24/5/2012 13:54

No, just sitting tight as previously stated

[buywell2] 24/5/2012 13:28

Have you been filling your boots space at these levels ?

[spaceparallax] 24/5/2012 12:27

still looking up

[buywell2] 24/5/2012 10:14

Again on TINY volume which is very important to note .... since trying to sell in any decent quantity will result in a BIG price drop

Only £2,500 worth of trades .... the MM's are trying to tempt folks in

It's what they do

Trades

Show the last 25 50 100 trades - Showing all 4 trades since market opening.
Latest trades Time Price Volume Block Price Bid Ask B/S Type
9:24:06 1.9p 29,084 £553 1.5p 2.25p BUY O
8:29:39 2.25p 44,002 £990 1.5p 2p BUY O
8:27:37 2p 99,253 £1,985 1.5p 2p BUY O
8:00:46 1.99p 874 £17 1.5p 2p BUY O

[spaceparallax] 24/5/2012 08:43

Looking up this morning too

[spaceparallax] 24/5/2012 08:20

you are of course assuming that the system declares the trades correctly - one really should know that!

[spaceparallax] 23/5/2012 09:50

rebounding nicely this morning

[buywell2] 18/5/2012 17:19

''Further funding will be required after the disposal of the Tissue business to sustain the BioSeek business on an ongoing basis or until a sales agreement for the business can be reached. ''

But don't forget BioSeek revenues are FALLING .... so why would some entity want to throw their money away on a business that was going downhill ?

However , put into a nutshell this means that the ATD BOD are trying to find some sucker to stump up more cash so that it can continue as a none profit making business.

Which I guess is why time ticks by .... and will continue to tick by till the balif comes a knocking cos there is not many suckers around now .... they have all gone BUST

If you might think any of these banking idiots exist at the moment .... wanting to throw money at loss making companies then think again .... money is now as the song says 'too tight to mention' .....



hence the final killer para

''Shareholders should be aware that the completion of any disposal or the securing of additional funding for the Group is not guaranteed. ''

I don't think shareholders will get a penny piece for their entire holding ... the debtors will take the lot






Was not posted ... but it demonstrates that falling revenues from BioSeek are going to be a BIG problem


Wednesday, 02 May 2012 16:49
Kate Sweeney .

.................... Asterand loses key buyer as crisis deepens .....................


Asterand, the human tissues supplier to Big Pharma, has lost a buyer for one of the businesses it hoped to sell to pay major creditors.

The potential buyer for BioSeek has pulled out of a deal.
The Cambridge UK company continues to progress talks to sell its non-BioSeek tissue based solutions business but the proceeds from any sale may not be enough to cover loans owed to BioSeek shareholders and Silicon Valley Bank.

Asterand said today that it maintained a constructive dialogue with its major creditors and believed that it continued to receive their support during the process.

The board is exploring a number of alternatives in respect of the BioSeek business, including securing additional funding from a third party, with the intention of reaching an agreement alongside its potential disposal of the tissue business.

But it repeated its warning that the completion of any disposal or the securing of additional funding was not guaranteed.

The company faces a tough fight to avoid liquidation.




An appropriate song

[spaceparallax] 18/5/2012 14:44

Hark at the pot calling the kettle black

[buywell2] 18/5/2012 13:05

No answer eh

This lot are CLUELESS

By the time they send stuff out to shareholders in A FEW WEEKS

1) There won't be many cos anyone with half a brain has bailed

2) The share price will probably be less than 1p

But the BOD members are still getting paid ..... for incompetance on a grand scale

They have NOT GOT A FEW WEEKS ..... they have got days and still they dilly dally all the way to administration




Since 1 January 2012, the Board has been focused on resolving the funding crisis that arose in the fourth quarter of last year. As previously announced on 30 April 2012, it has not been possible to find a single buyer for the whole Group and, instead, the Board has focused on securing buyers for the constituent parts of the Group. Negotiations regarding the sale of the non BioSeek Tissue based Solutions ("Tissue") business are continuing and the Board expects that a circular, seeking shareholder approval for the sale, will be sent to shareholders in the next few weeks. The Board also continues to explore a number of alternatives in respect of the BioSeek business including the continuation of the business on a stand alone basis or the sale of the business after the potential disposal of the Tissue business. In an effort to reduce costs, the Board is also considering whether or not it is appropriate for the Group to continue as a listed company following a disposal of the Tissue business.




Worst still is BioSeek revenues are declining .... which is what I hinted at a few months back when I said that had reached a plateau ... BioSeek was the ONLY bright spot for ATD ... now even that has dimmed .... it also now looks like Asterand MASSIVELY OVERPAID for BioSeek

Which is why they are in la merde now bigtime and without a paddle to get out the same creek.

Despite these distractions and volatile trading conditions, revenue for the period ended 31 March 2012 is flat over the previous year, although the mix has changed with Tissue revenues improving and BioSeek revenues declining. Cash remains tight and the Group continues to manage its cash flow carefully in order that it may have sufficient funds to complete a transaction for the Tissue business. The Group maintains a constructive dialogue with its major creditors regarding the settlement of its secured loans, in which regard Asterand remains in default, and believes that it continues to receive the support of its lenders during this process.



The lenders are supporting a business ... they reckon .... probably because they now it is the only way they are going to get ANYTHING back

Don't kid yourselves .... this is a dead duck in the water ....as the market cap declines the creditors will PULL THE PLUG

After all paying such a load of nincompoops for effectively doing nothing is wasting THEIR money



Then the final sting in the @rse

Shareholders should note that the proceeds from a successful disposal of the Tissue business should enable the Group to repay its secured creditors but that its cash resources will not be sufficient to cover transaction costs and retained liabilities. Further funding will be required after the disposal of the Tissue business to sustain the BioSeek business on an ongoing basis or until a sales agreement for the business can be reached.

Shareholders should be aware that the completion of any disposal or the securing of additional funding for the Group is not guaranteed.