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Real-Time news about Eirx Therap. (London Stock Exchange): 0 recent articles
|the_alchemist: Euclid who knows but the website says:
Eirx Therapeutics PLC
The board with its advisers continues to advance discussions for the merger of Auvation Ltd with a number of interested parties. Of late it is perceived that this will result in a merged entity making its own IPO or listing as part of an enlarged group .Discussions that are on-going are the subject of a nondisclosure agreement but as matters proceed I will endeavour to keep shareholders informed of progress by regularly updating the website.
and someone/two people have bought 125,000 Energiser shares(ENGI) today (25,000 and then later 100,000) .So they are taking a punt on Eirx doing what they say above and hoping for the impact on Energiser stock. Unless they are just taking a view that homebuilding is a good sector to be in.This thinking makes sense to me. Energiser shares are quite tightly held with a massive spread so smallish volume can make quite a big impact on share price ie up 44 % on the day.|
|the_alchemist: euclid5 , Energiser own 12.5 % of Eirx . When Eirx relist this may have a beneficial effect on Energiser Share price as currently the value of Eirx on the Energiser books is nil. No advice intended.dyor.
I understand that Eirx company accounts are due to be published soon.I have not received any correspondence about this but maybe others have.|
|euclid5: what is Energiser Invsts stake in this co. anyone please?
their share price up today 44%|
|the_alchemist: good questions Cliff
I am not sure anyone knows the answers to these questions but the upcoming document should clarify :
will we relist before christmas....... by hopefully giving a relist date
are we still looking at this .018 relist or will it be consolodated before hand........i dont know but a consolidation post or simultaneous with the new IPO, (which we know is coming ) is imho likely but i hope based on a valuation of existing stock of .018 or near figure .I do not think the new company reconfiguration will dilute us more than 2-5 times , but the share price will be correspondingly higher . I am hoping we will get a relist share price of 36 p /share , based upon a circa 1/2 dilution of new company mergers ,(? total market cap £25-30 million ) and a 1000:1 consolidation .
This is all pure guesswork , i think we shall soon see the actuality.
|mikehdtv: Well said young lad
gilbertd - 8 Mar'07 - 08:11 - 9856 of 24697 Mike, Blue & OD - You 'seem' to have boundless confidence founded on rumour, speculation and greed. You ignore or totally discount anything that could be perceived as being negative and you seem to really believe things that cannot possibly be true. This does not seem to be a good way to 'invest' to me. Fundamentally ERX is a very high risk play, it may come good and milestone payments may be received etc. etc. but it is at least as likely that it will all end in tears. Indeed some would say that this is the most likely outcome given historical precedent with other tiny biotechs. I have gambled a small amount of money on this, but I am doing it with my eyes wide open and I would not be at all surprised to lose the lot. What worries me is that you lot continually hype this stock to the sky, make up lies about MMs being short of stock, blame every price slide on MMs, make wild predictions about the potential share price (8p by christmas, .25 by tuesday afternoon etc), make stupid assertions that there will be 'news at 3:30' or 'news coming soon' and by doing this you are deliberately giving the impression that you have priviledged information, that you 'know stuff' and encourage others to pile in to the stock. These poor people will be gambling, placing a bet founded on the confidence you express. These naive investors are likely to lose everything, but you know that between them placing their money on the table and ERX going down the drain that there will be a temporary uplift in the price thus enabling you to get out of your losing position in profit.|
|caretaker2: Perhaps FIP playing hard to get are holding up proceedings.
Impressive portfolio,good results,and recent share price increase
would make them an important part of the new entity.|
|monkey puzzle: Fascinating history here.....looks like someone else sussed Mike out some time ago here...
OfficerDigby - 2 Sep'08 - 00:14 - 18 of 23
It is no surprise to me that you attract these types of fan boys Mike.
Espeland2 - 2 Sep'08 - 11:40 - 19 of 23
It can't be a surprise, can it? He has, as the multi-poster correctly says, constantly sung the praises of the Company even whilst bad things - terrible things - were happening to the share price. I posted to this end in February.
Since then, I've questioned why he continues to do this - is he involved, in some way, with the market or the Company?
If he is a genuine shareholder then I sympathise with his loss, but cannot in any way accept the value of his continued singing the praises of the Company. After all, as we've seen, his actions haven't helped the Company at all; just caused other shareholders - such as yourself, OD - to lose even more. If I were to lose as heavily as he's apparently done then I'd keep very quiet about it, not carry on like he has done.
It's interesting that Scotty Tsquared has pursued him from other boards. ST goes so far as to suggest that Mike himself uses other aliases. I don't know if that is true, but it wouldn't surprise me. I find it a much better idea to think he's been working in association with other users, such as share_shark and amazon_woman. As for myself, I don't use other aliases - as I've said before.
Mike111D - 2 Sep'08 - 12:27 - 20 of 23
Espe, you remain a rather confused conspiracy theorist. As a PI invested in this company, I have and will continue to comment on what I see as the potential here. It is for others to determine based upon their own research whether or not this is of any value or relevance and for them to act accordingly.
PS - I have only ever posted and will only post using the same alias, no need to do otherwise
Espeland2 - 2 Sep'08 - 12:37 - 21 of 23
Then you should consider the damage you've caused others. You are responsible for what you type - that responsibility doesn't end the second you finish typing.|
|the_alchemist: re number of shares in ERX held by Energiser (12.5 % of company , not 4.5 % as previously stated ),work it out Monkey P:
Click here to view Energiser Investments plc's current share price.
Issued No of Shares
No of shares in issue
The Company subscribed for a further 13,547,222 ordinary shares in the EiRx Therapeutics plc ("ETP") as part of its equity fund raising in April 2011 at a cost of £24,000. Our current holding in this company amounts to 12.5% of its issued share capital and as far as the Board is aware, ETP still intends to relist its shares on the AIM market as referred to in my last statement. If this does take place there could be significant value in this investment.|
i am not sure consolidation is the issue .What seems clear to me is that Eirx as is has a valuation of circa £ 15 million (according to our unidentified broker to be )and new investment of circa £15-20 million is proposed so there will be circa twice as many shares , but the new entities will bring value (£15 million ) so each of the shares you hold will be in a company worth hopefully , twice as much .You will of course have the same number of shares but overall two times as many wil be in circulation .
Eirx has roughly 9 billion shares in circulation and the new IPO could double that to 18 billion .All my guestimate . Each share valued at 0.18 p giving a market cap of £32.4 million .( or more if the ERX contribution exceeds £15 million ) All very rough figures but i think ball park All depends how the market values things when we come to market.(maybe market cap might be nearer to £50 million ).
.A consolidation say 1/500 would then reduce shares in issue to say 36,000,000 ( i hope this is correct ) and give a share price of 90 p /share .
Please do note the calculations above are rough and ready and only my take on things.I too hold a number of shares like you so am distinctly interested in what happens next .Not much if the subscription does not exceed the required £194,000.
I am very positive about the future and will be subscribing to the offer.|
|cliff hanger: I don't want to be a Doubting Thomas here but I fail to understand where the valuation of the company "as is" at £15 million comes from. It seems that it only comes from asmodeus's report of what he heard at the AGM and by his own admission he is a little deaf and sometimes did not catch things correctly or fully.
Looking at the financial data still on ADVFN, they show EiRx as valued at £0.45 million at the time it shut up shop with a share price of 0.02p. However, my brief research shows that EiRx had just over 8.5 billion shares in issue not the 2.9 billion shown by ADVFN to calculate this value. So who knows what the value of the company is right now? I would suggest that it's nearer zero than £15 million.
Perhaps Mike111D can re-confirm for me the actual number of shares in issue as at the time of de-listing ie now?
However the figure of £15 million is the value of the proposed full IPO (not the "pre-IPO which many on this board have provisionally signed up to) as per the last paragraph of the letter from John Pool on 24 November last year where he outlined the proposals for re-listing. At the proposed full IPO share price of 0.18p (if indeed that is to be the price for that IPO...it has not been confirmed anywhere), that would create another 8.3 billion shares or roughly double the number of shares currently in issue. This would presumably mean a dilution of approximately 50% in the value of the shares held by anyone who does not feel inclined to participate in the full IPO? Unless of course the share price suddenly shoots up in the market post launch. Now how likely is that?
Mike: you seem to be the one in the know here. Indeed you speak so authoritatively without so much as an "IMHO" that I sometimes think you are JP or at least someone very close to him either personally or professionally! Whoever you are, can you point out where I may have gone wrong in my assumptions and calculations above? Much though I would like to get my investment back or even show a profit, my belief in white knights coming to our rescue is being stretched here.
Also you refer in post #2889 to EiRx turning a profit as at year end June 2010. Can you remind me where these accounts can be viewed please?
The optimist in me says that JP is going to resurrect EiRx and we are all going to make money. The cynic in me says JP has written off all the money in "old" EiRx and just wants £15 million totally fresh cash so that he can start again.
Please come and tell me I have got it all wrong.|
Eirx Therapeutics share price data is direct from the London Stock Exchange