Spectra Systems Share Discussion Threads

[briangeeee] 10/9/2014 10:56

Saw some cleaned $1 notes that had been through the cleaning and experimental stiffening process the other day. The stiffening process is very impressive, and I think an essential addition to Aeris, and adds very substantial value to Spectra.

[protean] 04/9/2014 09:42

davidosh - that does look to be the case, yes. Following is a further extract from Nabil's email:

"This is an absolutely ridiculous situation which prevents USA domiciled investors, management or directors from being part of the transaction volume. I am looking for a solution to this and am also considering changing to the Main Board which is now a possibility. If you need more clarification, I would urge you to speak to Mr. Chris Fielding at W H Ireland, their Head of Corporate Finance."

[davidosh] 04/9/2014 09:33

Thanks Protean...Does that mean they will not be able to sell for the same reasons ?? lol
It is rather bonkers restricting directors buying in their own company !? Does not seem at all in shareholders interests and needs reporting to the useless powers that be !
Another question for my panel session aimed at the regulators in my three day Mello event in Derby (6-8th November)

[solooiler] 03/9/2014 17:57

OK battlebus :0). I am with halifax and had no form yet :0S!

[patviera] 03/9/2014 11:43

thx guys
odd they cant buy having already bought
anyway good to see 30 go out

[rainmaker] 02/9/2014 14:48

Yes thanks very much Protean for clarifying that.

regards

[harrogate] 02/9/2014 14:32

Ah apologies. Not that there weren't any shares but that they couldn't for US red tape. Thanks for the clarification. Does seem bonkers though!!

[protean] 02/9/2014 14:28

The text below was the reply I received on 2nd Sept 2013 from Nabil Lawandy:

"I wanted you to be aware that two of our US Directors, Secretary Penn and Mr. Donohue have unsuccessfully attempted to purchase shares of Spectra stock on the AIM market over the past month. Major brokerage houses in the US and the UK refuse to do business with a US Citizen looking to trade in foreign markets. The FACTA laws established in 2010 are set take effect by September 30, 2013. Based on my communications with Merrill Lynch, Charles Schwab and with WH Ireland in the UK (WHI has also reached out to all their contacts with no success); they refuse to take on this business due to all the risk on their side and the significant amount of paperwork and administration required to deal with a US Citizen trading on a foreign exchange.

Our NOMAD continues to search for a solution, but that are very uncertain that they will be successful.

outlines the legislation."

[harrogate] 02/9/2014 14:10

I am a holder here and have been for over a year. I am excited about the prospects and the next 6 months could be fun. BUT the director's could have picked up shares if they had wanted them without any difficulty when it was 17p. I got as many as I wanted at around that price so the thought that the directors couldn't just can't be right.

[rainmaker] 02/9/2014 14:00

If I remember correctly, it said to the effect that several directors had tried yet been unable to buy in decent volume as the stock wasn't available.

[rainmaker] 02/9/2014 13:57

I think it was a poster called "protean", a while back received an e-mail from the Company, the contents of which he divulged.

[patviera] 02/9/2014 13:10

Tried and failed?

[rainmaker] 02/9/2014 12:22

But there were large purchases at 40p in 2012

CEO 100,000 @ 40p - 30th Oct 2012
CEO 25,000 @ 40p - 31st Oct 2012
Director 29,500 @ 40p - 26th Nov 2012

regards

[rainmaker] 02/9/2014 12:04

They have already tried and failed

regards

[patviera] 02/9/2014 10:32

rainmaker
im surprised mgmnt arent addding to positions
maybe they cant with talks going on

[rainmaker] 01/9/2014 18:49

Just to remind everyone of the calibre of the management at Spectra Systems(SPSY)-see businessweek profile of the CEO below-





"Dr. Nabil M. Lawandy, Ph.D. serves as the President, Chief Technology Officer and Chief Executive Officer of Solaris Nanosciences Corp. Dr. Lawandy is a Founder of Spectra Systems Corporation and has been its Chief Executive Officer and President since July 1996 and also served as its Chief Technology Officer. He serves as the Chief Executive Officer and Chief Technology Officer of SpectraDisc Corporation. From 1981 to 1999, he was a tenured Full Professor of Engineering ... and Physics at Brown University in Providence, Rhode Island. He served as the President and Chairman of the Board of SpectraDisc Corporation, a former subsidiary of Spectra Systems. He serves as a Member of Executive Advisory Board at Agincourt Capital Partners LLC specializing in Materials Science. He served as the Chairman of the Board of Spectra Systems Corporation since July 1996 and has been its Director since July 1996. He has authored over 170 reviewed scientific papers and is an inventor on 40 issued patents. He has also received a Presidential Young Investigator award, an Alfred P. Sloan Fellowship, a Rolex Award for Enterprise and a Samuel Slater Award for Innovation. Dr. Lawandy holds a B.A. in Physics from The Johns Hopkins University in 1977, an M.S. in Chemistry from The Johns Hopkins University in 1979 and a Ph.D. in Chemistry from The Johns Hopkins University in 1980."

regards

[jans3] 01/9/2014 18:00

many thanks bb2

[battlebus2] 01/9/2014 17:36

Solooiler it's a U.S. domiciled stock.

[battlebus2] 01/9/2014 17:35

Hi jans3, not unusual it's a w8-ben tax with holding form basically because it's a U.S. stock and different taxes for dividends etc depending on your nationality.
Any broker i've used to buy the stock let you buy at the time then send out the form later to be filled in, i've even bought from HL and haven't been asked to fill the form as yet. You should have been able to buy first, i'd check back with them if i were you.

[solooiler] 01/9/2014 17:31

Ooh OK :0)!

Jans go and tell Hargreaves Lansdowne that they have lost their marbles :0]. This is a UK stock!!! I didnt have to fill any forms :0S. I think they are wrong and only need correcting

[jans3] 01/9/2014 17:21

Hi all, wanted to buy in this afternoon but Hargreaves Lansdowne informed me that as this is a USA stock I have to download a form, sign it and send it back to them; bit annoyed as can see the price rising significantly by the time I get my permission to buy. Is this essential or is it just HL?

[stewy_18] 01/9/2014 10:47

Nice one El1te. The cash on the balance sheet really helps. Should be profitsble this year while we see what the outcome of the Aeris trails.

[allstar_07] 01/9/2014 10:11

Elite - Thanks for the writeup. I'll ask what everyone else is thinking... what are the other two? Pel?