Osmetech Share Discussion Threads

[malc5] 03/6/2010 18:33

Do any of you blue peeps fancy opening a thread on GNMK, It would be much apreciated.

[pc4900074200] 03/6/2010 18:30

Come on bangers - at least place these in the header?







pc

[malc5] 03/6/2010 16:38

Seem to be on the up!

[malc5] 03/6/2010 16:36

Expected timetable of principal events

The following indicative timetable sets out the expected dates for the
implementation of the Proposal.
+--------------------------------------------------------------------------------------+--------------------------+
| Event | Time and/or date(1) |
+--------------------------------------------------------------------------------------+--------------------------+
| Conditional dealings commence in | on 28 May 2010 |
| GenMark Fundraising | |
| Shares.............................................................................. | |
+--------------------------------------------------------------------------------------+--------------------------+
| Last day and time for receipt of | 12.00 p.m. on 2 June |
| transfers of Osmetech Shares for | 2010 |
| registration...................................................... | |
+--------------------------------------------------------------------------------------+--------------------------+
| Scheme Record | 6.00 p.m. on 2 June 2010 |
| Time......................................................... | |
+--------------------------------------------------------------------------------------+--------------------------+
| Effective Date of the | 3 June 2010 |
| Scheme............................................ | |
+--------------------------------------------------------------------------------------+--------------------------+
| Commencement of trading on the NASDAQ | 2.30 p.m. (9.30 a.m. New |
| Global Market in GenMark including in | York time) on 3 June |
| relation to GenMark Fundraising | 2010 |
| Shares.............................................................................. | |
+--------------------------------------------------------------------------------------+--------------------------+
| Cancellation of quotation of Osmetech | 7.00 a.m. on 4 June 2010 |
| Shares on AIM..... | |
+--------------------------------------------------------------------------------------+--------------------------+
| Latest date for despatch of DRS | 2 July 2010 |
| statements (if applicable) in respect | |
| of GenMark | |
| Shares........................ | |

[sequoia] 03/6/2010 16:21

Now up 2.5% at $5

[whilest2] 03/6/2010 15:13

Down another 1.8% in no time this share will be wallpaper. But how do they come onto the market when the offer has not closed?

[malc5] 02/6/2010 22:57

NASDAQ Continues Expansion Within Healthcare Technology Sector With Addition of GenMark Diagnostics, Inc. to The NASDAQ Stock Ma
NEW YORK, June 2, 2010
GLOBE NEWSWIRE

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, announced that the trading of GenMark Diagnostics, Inc. commenced May 28 on The NASDAQ Stock Market. GenMark Diagnostics, Inc. is based in Pasadena, California and trades under the ticker symbol (Nasdaq:GNMK).

"Southern California's healthcare technology sector has always been a focus for us, and we are thrilled to welcome GenMark to The NASDAQ Stock Market," said Bruce Aust, Executive Vice President, Corporate Client Group, NASDAQ OMX. "We at NASDAQ consider ourselves innovators as a forward-thinking technology-focused exchange. Our partnership with GenMark, a ground-breaker in molecular diagnostics, aligns perfectly with this belief, and we look forward to a long relationship with one of the globe's most exciting tech visionaries."

NASDAQ has attracted more than 30 new listings YTD – a number that represents an approximate 50% increase over NASDAQ IPOs captured during Q1 2009. As of May 31, 2010, NASDAQ has raised roughly $2.5 Billion in proceeds. Notable NASDAQ IPOs for 2010 include IT companies QuinStreet (Nasdaq:QNST), which has raised over $150,000,000 in proceeds, Mitel Networks, Inc. (Nasdaq:MITL), and SS&C Technologies (Nasdaq:SSNC).

[malc5] 02/6/2010 16:06

Can't understand the trades either, none of the omh holders are able to trade as yet, dare say Marvin or snorky or some one will enliten us!

[darrenward] 02/6/2010 10:08

Why is there such a high volume of trade? Nothing has changed really, could it be the NAS is les manipulated and easier to trade on than AIM?

[whilest2] 02/6/2010 10:02

Thaks Malc. have already seen most of the info in the OMH docs. The risk factors
are likely to scare off the timid.Can't understand the high volume of condiional
dealings...

[whilest2] 01/6/2010 19:56

Down amost 10% today. Is Marvin vindicated?

[whilest2] 01/6/2010 13:40

rns that the underwriters have agreed to take up shares at $6 that should give them a boostwhen the US market opens 2day

[gerry2] 01/6/2010 08:58

RIP
Amen

[whilest2] 30/5/2010 11:39

Seems like funereal black to me

[eaglet] 30/5/2010 10:09

My understanding is that conditional dealings in the new shares mean that if the IPO doesn't happen, all the conditional deals get cancelled.

It used to be called grey market trading, maybe it still is.

[whilest2] 29/5/2010 16:50

I don't see how they can trade with shares they haven't got as the issue is a sort of bidding? And why are 'new' holders trading? Anyone know?

[machiavellianindian] 29/5/2010 15:23

my point being YOU WILL NEVER GET BACK IN CHEAP @ SUCH LOW LEVELS :-

tone et bashers be happy with how many you hold ROFLOL :)

ps

Thanks for handing over your holdings so cheap, Ill be thinking of you on my next vacation :)

foooooooooooooking classic YOU must be feeling a little stupid on selling up on the say of blondy... - did the thought not cross your mind "why should I sell when he buys..." - v.stupid indeed

ROFLMAO @ the clowns I refer to...

[machiavellianindian] 29/5/2010 15:16

Absolute investor stupidity relying on luck.... – Humpty Dumpty was not pushed : -

Significant date today – too many eyes just yet... - patiance :)

[darrenward] 29/5/2010 15:08

I'm already behind the couch! Lets just hope that OMH or should I say Genmark has used up all its allocation of bad luck and we can only now have a run of good luck from now on ??? Always look on the bright side lol

[roobarb36] 29/5/2010 14:24

Yep, rather miffed myself but as a long term OMH masochist I suppose I should always expect the worst and not be surprised by things like this.
Now we can guess what the numerous delays where to the implementation of the Scheme of Arrangement was about, notably the drop in price from $8 - $10 down to an eventual $6, which dropped again on the first few trades.
After Osmetechs first attempt failed completely at the very start of the credit crunch it was odds on they would time their next attempt perfectly with the next global financial crisis.
I suppose the only thing you could say is at least we are up and running now as it would have been disastrous, probably terminal if it had been pulled again.
On the latest update to the Scheme of arrangement we have "Conditional dealings commences in Genmark Fundraising Shares" for May 28th and
"Commencement of trading in the NASDAQ Global Markets in Genmark including in relation to Genmark Fundraising Shares." for June 3rd 2:30pm.
Anyone know what is the essential difference between the terminologies used here for the two trading dates stated and the implications with regard to actual trading come June 3rd ?

The one thing I did notice yesterday after the initial pricing shock was the sheer volume of trade in approx 1.5 hours before the close with over half a million shares traded at $5 plus a share.
That equates very roughly to £1.7 million pounds worth of trade in an hour and a half. Even in early January when we saw massive, unprecedented volume of approx 45 million in one full day at around 2p a share that was still just short of a million pounds worth of trade.

This was and still remains a long term play for me and this is just another blip, albeit it in a long line of annoying blips, but had decided some time ago that I would not sell until the AD-8 is on the market.

Fingers crossed that June 3rd is better than May 28th otherwise I will have to go back to hiding behind the couch again.

[whilest2] 29/5/2010 11:19

A dreadful first day on the Nasdaq down to 60% of the first lower price of te originl estimate with hundreds of sales. Very disheartening. Lets hope some news will perk things up.