Sphere Medical Share Discussion Threads

[bennie_m] 25/8/2017 13:49

I won't be surprised to see millions shs trade at the close sub 0.75p

[bennie_m] 25/8/2017 13:49

You know what I meant :)

Next working day, which is Tuesday.

[pugugly] 25/8/2017 12:50

bennie - No trading on Monday

[barnetpeter] 25/8/2017 10:45

I would take a small punt on these...could get 50 times your money if this delivers and with this new cash. Sure it will get delisted but I have had a few big winners on those where the company was bought out later.

Very much a punt of course and no rush to buy until a week before 19 sep.

[bennie_m] 25/8/2017 10:23

I am not joking by saying I expect to see a spike of -50% in one go, in the next few working days.

[bennie_m] 25/8/2017 08:55

Most probably more delayed sells in the background.

MMS will show them at the end of the day.

Then whack it again next working day which is monday


dead cat will happen a few days before delisting and we are weeks from that.

[bennie_m] 25/8/2017 08:36

Could go 0.6p today then by next week 0.25p

[supervillain] 25/8/2017 08:28

But it's happening Paul.


Do you think they would let chancers take 100% from 1p-1.2p where most of the buys were. No


Seriously you need to think about 0.25p

[bennie_m] 24/8/2017 18:40

1.5m @1p sell in the close.

People buying thinking they will get a dead cat bounce before delisting.

What most do not realise, dead cat may not happen at this price but sub 0.5p.

[paul the octopus] 24/8/2017 14:59

Sit tight and strap on...

[del44] 24/8/2017 12:44

Thanks again Tim for your posts and information...
I'll repost that on LSE board...
Cheers...

[timbo003] 24/8/2017 12:04

The re-financing documents are now available on the Sphere Medical web site:


This one gives the terms for the convertible preference shares which look fairly standard to me


The convertible preference shares have an 8% (compound) coupon, which is payable in additional preference shares. The effect of this will be to increase the potential dilution of the ordinary shares as time goes by, so for example the number of preference shares would double in the event that an IPO or trade sale occurred after 9 years, or they would increase by just under 50% (i.e. 47%) if an IPO or trade sale were to occur at 5 years.

In addition, the preference shares have preference over the ordinary shares when the company is sold (or liquidated). This preference would have no adverse effect on ordinary shareholders if the company were to be sold for a shed load (for example £100m) in a few years time, however, if the sale proceeds were to be only £5m (or less), Preference shareholders would receive all of the payment and ordinary shareholders would receive nothing.

Given that any new investment in Sphere Medical is likely to end up in a binary death or glory scenario, any PI contemplating a new investment in Sphere should consider buying the ordinary shares in the market at 1.1p or thereabouts, rather than subscribing for the preference shares (plus warrants) at 2.8p/ share.

[timbo003] 23/8/2017 11:35

I intend go along to the GM on Sept 8th to ask a few questions, for example:

1) Will there be any BOD changes after de-listing? (I would be surprised if Wolfgang stayed on)

2) Have you got any other investors lined up for the second round of fund raising and if so, how much have they committed to investing and can you say who they are?

3) Will your cash runway be large enough to get to break-even if you raise just 2 X £5m from Woodford and Evans? Will it be enough if you raise an additional 2 X £3m from other investors?

4) Do you anticipate that minority shareholders will have pre-emption rights for any future fund raising (beyond that already flagged)?

5) What other analytes do you plan to include (in addition to lactate) for the US market?

[tini5] 23/8/2017 08:56

buywell, with all due respect, stop looking for someone to blame on a BB. You need to either get out and move on or hunker down and ride it out.

You have to take responsibility for your own investment decisions. If the thread was started in March 2015, you've had 18 months to research competitors and satisfy yourself as to the validity of Del's statement.

Personally, I thought the product would sell itself and I've paid dearly for the blinkers I put on when I refused to acknowledge the underlying financials.

Lesson learnt on my part.

[buywell3] 23/8/2017 07:48

Del44

The thing is your first sentence in your first post .... which was a ramp

Said

''Del4425 Mar '15 - 22:53 - 1 of 222 0 0

I have created this thread, because I believe this company has an excellent chance of breaking into a niche market where there are very few real competitors.''


This was in fact a lie

See below the list of competitors that current supply the NHS

[p1nkfish] 23/8/2017 07:05

Del, if you intend to hold stock in the private entity all is not lost.
Good luck with everything and I hope it comes good (or at least better) with time.
The US market opportunity is massive for Sphere & not bust!

[del44] 22/8/2017 21:12

I created the thread because I am invested in SPHR.....Do I feel responsible?
Of course not....if I can lose money anybody can.
And today...more then any other day over the last 5 years....I have lost money....money that has taken me quite a few years to earn I might add....But I cant be bitter over it...I bought shares in a company and I lost....it happens......it was hard earned money I lost not borrowed money....
Thankfully I can continue working.......I started the thread because I believed the company was going to make sales....it is common for shares to have more then one thread....
Anyway...the very best to you....

[buywell3] 22/8/2017 20:10

I put it to you .... pure and simple .... you are a cad sir

[buywell3] 22/8/2017 20:01

Tell me Del44

Why did you start this thread ?

The previous thread run by hastings was attracting lots more posts

What has now transpired makes me wonder about your intentions

Many advfn investors have now lost tens of thousands of pounds on this share.

Do you feel responsible in any way that since you started your thread the share price has crashed to around 1p

I mean , please tell me you had no idea whatsoever that such a thing could possibly happen.

[apfindley] 22/8/2017 15:59

HahahahahaWasn't FALIA pumping this yesterday? Before the 80% fall today. Just shows you CANNOT TRUST these people. Definately not in the know, just a Pumper.Ans now he's sitting on a huge loss and can't sell, so he's trying to pump it even harder. So funny

[timbo003] 22/8/2017 12:49

>>>MacGregor

I'm not sure where you get £2.2m cash burn from, but it's incorrect

It's more like £6.8m

See summary from last year's results: