Synairgen Share Discussion Threads

[hazl] 25/3/2020 14:25

Closing in AIM though so I didn't stay in.

[saw89] 25/3/2020 14:21

TILS Covid Vaccine already funded and could easily multibag ahead of upcoming NASDAQ listing. Hit 170 a few days ago and now available to buy @ 40

[hazl] 25/3/2020 14:19

Yes sold half at 44 in the end, but have faith in the eventual outcome with a core holding.
35 isn't so bad if the news is good.

[dave4545] 25/3/2020 14:18

Looks like they have started to work the placing I can buy at sell price 43p which is still a huge profit for vendors in at 35p flipping

[toffeeman] 25/3/2020 14:18

Yep - it's done and dusted

[kop202] 25/3/2020 14:17

Toffee how do you know the price......or has the "bookbuilding" phase already finished

[tickboo] 25/3/2020 14:16

The 225,000 purchase well over offer st the time at 48+ looks encouraging to me.

[hazl] 25/3/2020 14:16

hope u did ok makendon in GFIN.

[mostro] 25/3/2020 14:16

How buoyant will the share price prove to be here, shall I add??

[pharma giles] 25/3/2020 14:15

Thanks Toffeeman

[fez] 25/3/2020 14:14

Absolutely ideal time for the company to do a fund-raising.

With the recent rise in the share price, this will not be too dilutive, it will doubtless be fully-subscribed as there is the potential for good news in the near future, and will give the company a firm footing to do deals by themselves rather than be at the whim of a bigger fish.

If you believe in the potential then you should be extremely happy your company has managed to do this. The 35p placing price puts a good floor under the share price too.

[toffeeman] 25/3/2020 14:12

No they have already sold the £14m and no point in voting against!

[dave4545] 25/3/2020 14:12

tburns

Advfn auction times I think 13.50-14pm so monitor prices do not change until it hits 2pm exactly

[bmnsa] 25/3/2020 14:10

Let me in at 42p

[pharma giles] 25/3/2020 14:09

I'm assuming we can't buy at 35p - unless resolution 2 is voted down? Is that correct and if so is it worth voting against?

Resolution 2 - Disapplication of pre-emption rights

Section 561 of the Act requires that, on an allotment of "equity securities" for cash, such equity securities must first be offered to existing Shareholders in proportion to the number of Ordinary Shares they each hold at that time. The Conditional Placing Shares and Subscription Shares are "equity securities" allotted for cash and, accordingly, cannot be offered on a non pre-emptive basis unless Shareholders have first waived their pre-emption rights. Resolution 2, if passed, provides such a waiver.

Accordingly, Resolution 2 as set out in the Notice of General Meeting authorises the Directors to allot equity securities or grant rights to subscribe for or convert any securities into equity securities for cash free of the statutory pre-emption rights, limited to an aggregate nominal amount of £290,600 in connection solely with the allotment of the Conditional Placing Shares and Subscription Shares.

Resolution 2 will be proposed as a special resolution and will therefore require not less than 75 per cent. of the votes cast, whether in person or by proxy, to be in favour. This authority, if granted, will be in addition to any existing authorities to allot new Ordinary Shares free of pre-emption rights granted to the Directors prior to the date of this Document which will continue in full force and effect whether or not the Placing is effected. This authority will expire on the date falling six months from the passing of the Resolution.

[toffeeman] 25/3/2020 14:06

Nice for the Instis getting in at 35 - nothing for us though

Previous raise was at 16 so they doing things right

[bountyhunter] 25/3/2020 14:05

False ramping does more harm than good as can be seen by today's chart. I hope we see no more of it as this is truly a very promising trial.

[bmnsa] 25/3/2020 14:00

Lets me in now at 44p

[tburns] 25/3/2020 13:59

Any idea why the offer and bid is stuck at 41p-42p whilst peeps are now paying 45/46p to buy? The £14m was needed for a very good reason which I am sure we will get updated on in the next week

[bmnsa] 25/3/2020 13:58

42-43p not available,but 46.5p is.

[bmnsa] 25/3/2020 13:57

Blocked from buying on the drop.

[nobbygnome] 25/3/2020 13:50

Well I did warn you all on Monday! However, it is more money than I expected....

[d1nga] 25/3/2020 13:49

Whack there it is

[torreskid] 25/3/2020 13:32

We really dont need false ramping

this will only move on news - so unless there are any corporate announcements or further trials planned, then we should not expect any earth shattering results for 2 months