Bioseek Share Discussion Threads

[and then] 03/11/2011 09:36

Looks good Joe! and understood! I don't catch all the posts on FX, but i did happen to see that particular screen shot!

FWIW, check out the 4hr Euro chart and you will see we now have a 123 formed. It will now either trigger upwards with a break of point 2, or draw a flagline from point 1 to 3 and a downwards break will be good for a few hundred points (and probably in quick fashion too).
As always, don't be fooled by this mornings rise, if anything, the speed its gaining makes me think it will soon turn down in sharp fashion, but i will let PA do the talking; this is why the system works.... it does the thinking for you. I can't even tell you the times i have over-ridden my stop placement, stopped myself out manually for a loss only to see the position come good later!

I won't be sharing much from now on, on the FX thread. Tw*ts like scottie (both of them) and Mr.Bracken can amuse themselves in their little fantasy worlds...

[joe moon] 03/11/2011 08:39

you know me that was 'an ironic' post ref the DR saga:)

[joe moon] 03/11/2011 08:38

'never argue with a fool'

[joe moon] 03/11/2011 06:53

re 438 so it is a buy if it breaks line?

[and then] 27/10/2011 15:35

Wow, was wondering if it would do it in one go today...

Here's my chart from last Friday;



and the update with target achieved an hour ago;

[and then] 27/10/2011 08:45

Dax target achieved, EurUsd still in play;

[and then] 26/10/2011 20:22

Lovely 123 trade;

[and then] 26/10/2011 20:14

The longer route;



and the shorter one, same target/result;

[algernon2] 24/10/2011 21:15

Well Indeed!

[and then] 24/10/2011 15:52

15min with target;




and 30min the same

[spaceparallax] 24/10/2011 15:37

Lol! Pots and kettles methinks

[david123456] 24/10/2011 15:11

Hard to believe that the mess ATD was in could have gotten any worse. But today's announcement makes the point that they are in even a bigger mess than we imagined.

The bank pulled the plug. BioSeek founders have launched legal proceedings.

It is very unlikely that any client will issue new work assignments to them if there is a concern that the company will not be in business long enough to finish the assignment.

There is some chance that the company might survive. But it is hard to imagine. Even if it does pull a rabbit out of the hat, the odds are close to zero that shareholders will see anything. A total wipeout is more likely.

At least we will not have to see any more rude, nasty and uninformed comments from Spaceparallex, the super investor.

[topinfo] 24/10/2011 14:46

DJ Asterand PLC Commencement of Formal Sales Process

TIDMATD

RNS Number : 7258Q

Asterand PLC

24 October 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Takeover Code") and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.

24 October 2011

Asterand Plc

("Asterand" or the "Company")

Update on Re-Financing Talks

Commencement of Formal Sales Process

In its Interim results statement on 30 August 2011, the Company announced that it would be in breach of its banking covenants in the near future. The Company has now received notices of default from Silicon Valley Bank ("SVB") and from the holders of the BioSeek notes. In the case of the latter, the Company has 120 days to remedy the situation, however, since any refinancing of the Company will occur within this time frame the Board do not believe this situation to be of concern. However, with SVB there is no such time frame allowed to the Company.

The Company has been in discussions with a potential funder for the business which it was expected would result in the business being refinanced and enable it to move forward. However, whilst these discussions are still on-going there is no certainty that these talks will be successful. Given the Company's financial position and the need to raise additional working capital in the short term, the Board now feel that alternative options need to be considered including a sale of all or part of the business. As such, the Board has decided to commence a formal sale process for the entire issued and to be issued share capital of the Company. Accordingly, the Company invites interested parties to contact Daniel Stewart (contact details are provided below).

The Takeover Panel has granted a dispensation from the requirements of Rules 2.4(a), 2.4(b) and 2.6(a) of the Takeover Code such that any interested party participating in the formal sale process will not be required to be publicly identified, subject to note 3 on Rule 2.2, as a result of this announcement and will not be subject to the 28 day deadline referred to in Rule 2.6(a), for so long as it is participating in the formal sale process. Interested parties should note Rule 21.2 of the Takeover Code, which will prohibit any form of inducement fee or other offer-related arrangement, and that the Company has not requested any dispensation from this prohibition under Note 2 of Rule 21.2 at this stage.

The Company proposes to conduct the formal sale process in the following manner. Any interested party who approaches the Board will be required to enter into a non-disclosure agreement with the Company on reasonable terms satisfactory to the Board and on the same terms, in all material respects, as other interested parties, before being permitted to participate in the process. Once the non-disclosure agreement has been signed the participant will be given access to a dataroom and management presentations. The Board is currently targeting a deadline of second half of November for determining a potential offer for the Company. Due to the Board's desire to conclude a deal within a short period of time, preference will be given to cash only offers for the Company.

The Board reserves the right to alter any aspect of the sale process as outlined above or to terminate it at any time and in such cases will make an announcement as appropriate. The Company will continue with the refinancing discussions in parallel with the formal sales process.

The Board reserves the right to reject any approach or terminate discussions with any interested party or participant at any time. There can be no certainty that any offer will be made for the Company, or even proposed, or as to the level of any proposal or offer that may be made.

For further information, please contact:

Asterand plc

[and then] 21/10/2011 21:48

Been expecting this for last two days, has triggered on the 2hr and 3hr but need a couple more points higher tonight for a 4hr trigger; positioned for it on the retest of the breakout earlier. Can't predict timescale or ups and downs between, but target is just shy of 14150 some time next week...





*edit*; it didn't trigger so will have to wait for Sunday night for more clues. Banked the 60 points available at the death for the mean time.

*edit2* The 3hr trigger was at the same point, therefore the above target should stand*

[spaceparallax] 21/10/2011 13:00

bizarre share price movements in the last few days

[and then] 04/10/2011 09:45

I had a conflicting viewpoint a week or so ago on direction with the euro;
Seeing a 4hr chart set-up giving at least 13180 as a target and yet also a bottoming process on a smaller timescale. I believe i overlooked the timeframe that the 4hrly can take to play out. In the end both set-ups were winners!

Firstly my 4hr projection;



backed up by this possibilty;



But it also looked like a bottoming process;



In reality the bottoming process was correct on a smaller timescale, PA rose but only went on to build another 4 hr set-up.



The result is that both my scenarios were in fact correct. This is worth remembering for next time! Not being a swing trader and hanging on for the 380 initial target, the best way to trade it was; trade in the direction of the 4hr flag break (in this instance; short), go to the smaller time frames and look for set-ups. DO NOT trade counter-trend until the bottoming process was evident.
When a HH and HL combo is printed on the 15min, it was then safe to do so.
When the evidence was there for a possible 4hr flag break again (and with the initial target still intact), look for a top. This was actually a double top on the 5min, (i remember it well as i traded it wrongly and got stopped out!).
From therein it was short again all the way to target.
Saved for prosperity! :)