Trackwise Designs Share Discussion Threads

[ifaze] 23/12/2022 12:45

Timbo003, I may be wrong but I expect the directors, if they were wanting to get involved will have done so via the Placing. As such I think (same as previous fund raises) they will be excluded from the Open Offer

"The Board understands the implications for Shareholders and has given Shareholders who have not participated in the Placing the opportunity to participate in the fundraising through the Open Offer."

Therefore they won't have an entitlement to be shared amongst the rest of us.

Our entitlement will be calculated, based on us all taking up our full entitlement.

You and I will only get an excess allocation if others don't take up theirs.

Who knows how many PIs will be not wanting to throw good money after bad?! Personally I'm applying for mine plus an excess. Good luck all and Merry Xmas

[32campomar] 23/12/2022 11:53

Still difficult to believe that Xmas 2 years ago this was pushing £5. Now look at it. An Unmitigated disaster.

[mally6] 23/12/2022 08:58

One thing for certain there are massive shorts that need closing.whenever the suspension is lifted.would be nice if the directors would rns to explain need sacking to create such a shambles

[pwhite73] 23/12/2022 08:31

timbo003 - "Yes, I saw that too, but what exactly does deterioration in trading mean?"

It means exactly what the LSE stated in the RNS and the specific rules they quoted. Rule 1510 and Rule 5000. They are both related to settlements within the agreed settlement date.

Blades38 - If suspension is lifted before 06/01/2023 I suspect trading will deteriorate even worse as the forward sellers will need to scramble for stock they sold they did not own. This would cause a sharp spike in the shares as other traders will make life even more difficult for them by purchasing stock. Great if you're a PI that brought after they announced the placing. However I suspect the LSE will not lift the suspension until the votes have been passed and the new shares are officially listed. Leaving all the shenanigans aside I think the shares are a bargain at this price.

[timbo003] 22/12/2022 21:06

Bagpuss, me too, I have gone for 3 times my entitlement, we should get some excess as the directors will not participate in the open offer, so their entitlements will be added to the excess available at the very least.

[bagpuss67] 22/12/2022 20:51

Well its a complex situation and extremely high risk but I have taken up my sharss and warrants and some reasonable possible excess. Good luck all!

[blades38] 22/12/2022 20:29

PWHITE What are your thoughts and predictions to what will happen over the next few weeks and months

[timbo003] 22/12/2022 19:43

Yes, I saw that too, but what exactly does detrioration in trading mean?

I suspect it is probably a catch all term which can be used in a variety of situations.

[pwhite73] 22/12/2022 19:03

You are wrong for the LSE has clearly given its reason for suspension - a deterioration in trading, not voting or bulletin board chatter.

[timbo003] 22/12/2022 17:56

I would imagine that the principle reason for the suspension was concern over investors (especially new investors) using shares that haven't been properly assigned (because they don't yet exist) to vote against resolutions at the forthcoming general meeting, thus possibly effecting the ability of the company to raise funds which would be an existential threat to the company and to the financial well-being of existing (legitimate) shareholders.

Reckless talk on bulletin boards such as this one, suggesting new investors should/could vote down the resolutions, or remove directors could well have added to such concerns, so suspending the shares seems to me like a very sensible move. I would expect (and hope) that the shares remain suspended until after the General meeting on Friday 6th January which I hope to attend.

[maverick67] 22/12/2022 14:53

Been watching this... how till they start trading??

[blades38] 21/12/2022 23:14

Because google has added the placing shares into the market cap before the vote

[letsdothis] 21/12/2022 20:54

Can anyone explain to me why trading 212 shows this share as of January 2021 as 341p & google shows only 23.6p ?? I would love to understand

[letsdothis] 21/12/2022 14:48

Where's all my pumpers ? Master of POO where you at ?

[mally6] 20/12/2022 19:14

So the shorters want to close but there's no shares available so the regulators have done them a favour by suspending the shares until the agm when the shares will be issued how nice of them

[in for a penny_in for a pound] 20/12/2022 19:13

So who will sell shares that do not exist now to force sellers? I mean, that's large number of shares they have to buy.

As LSE is monitoring, Market makers will have to explain where they are getting new shares without any big holders selling.

It looks like it will be a big hog roast this Christmas.

This is not about a company needing money, and this is about scrambling to cut losses on the way up.

[johncraven2] 20/12/2022 18:54

White in your two outcomes, one states forward seller, will scramble for stock. why do they need that? lose money for no reason.

Because they sold something, they do not have.


Your second scenario is the same as above; they get to balance their books with shares they do not have.

Do you think they are all geniuses that can always cover their backside? Do you think the bin bag Aim market makers are equivalent to the likes of Morgan Stanley, Goldman etc.?

You give them too much credit.


"If the shares are forward sold, so technically don't exist before 06/01/2023"

However, punters for sure have paid with their hard-earned REAL cash for something you also think technically does not exist.
Perhaps that's why LSE has stepped in, to stop the deception.


You have the answers to the questions. That's why they will have to buy on the open market now to consummate the trades.





"the LSE waits until 06/01/2023 when the new shares hit the market before they lift the suspension."

You also the know outcome of the placing with 100% certainty. What about LSE and FCA stopping it?







As I said there are only two ways out of this. The LSE lifts suspension and the forward sellers scramble for stock to meet their contractual deadlines or the LSE waits until 06/01/2023 when the new shares hit the market before they lift the suspension.

[pwhite73] 20/12/2022 18:22

The Infidel - "an obligation on member firms to ensure that every on Exchange trade is duly settled on the agreed settlement date."

If the shares are forward sold so technically don't exist before the 06/01/2023 then how can the trades be settled on the agreed settlement date?.

The Infidel - "Also, do note that rule 1510, while it's suspended, the settlement should continue; nothing changes for the new ownership."

Again how do you sell shares to others that don't exist? The forward sellers have to purchase stock to fulfil their obligations but they can't at the moment as the shares are currently suspended.

The LSE has only stepped in because none of the above can actually take place and it quotes the rules to cover its own backside. But this doesn't change the simple fact that you can't sell shares that don't exist.

As I said there are only two ways out of this. The LSE lifts suspension and the forward sellers scramble for stock to meet their contractual deadlines or the LSE waits until 06/01/2023 when the new shares hit the market before they lift the suspension.

[the infidel] 20/12/2022 18:07

Pwhite do you understand ownership of the shares has to change now? That's the law.


The transfer has to open, even if it's suspended.

Nott everyone has nominee accounts; professionals will have crest accounts. Their accounts should be settled immediately.


That's the obligation LSE is making clear.

[the infidel] 20/12/2022 18:04

The rules refer to obligation aka contract. I think people who bought last week now know they can make 3-4 times or more of their money.

They did not buy shares for LSE for contracts to change, LSE has no authority to change contract notes dates.