Tyratech Share Discussion Threads

[casablanca4] 24/2/2014 13:31

Sidam,

Sorry for confusion. I meant convert, not buy.
So even if the "books" are open, you still need to have held for a year, as per rules? Is this correct?

As Nobby was saying,
"My reading of the announcement today is that you are not going to have to wait a year to convert. The company is going to change the rules so that it can be done now"....that was my reading this morning.
Thanks for all the help folks.

[sidam] 24/2/2014 13:15

I thought I might as well add a bit to the chat. This is my understanding - You can, in theory, convert TYR to TYRU which have been held for a year, but in practice you can only convert when the company sends out a circular to shareholders and opens the books. I think this means that a number of TYR holders who could in theory have converted the last time the company offered that service did not do so. I suggest that some of these asked the company to open the widow once again.

So that they can either show higher value or switch at a profit. The huge price differential arose because there were lots of new buyers, but their brokers would not allow them to buy TYR.

When the current opportunity to convert increases the supply of TYRU, in theory the price should be approximately the same. This could be a rise in TYR or a fall in TYRU or both.

In the long term it matters not which you hold, but if there are more TYRU in the public hands than TYR, there could still be a small premium based on greater liquidity.

[michaelsadvfn] 24/2/2014 12:55

Casa,

You don't hold for a year then buy TYRU, you hold for a year then convert your TYR shares to TYRU shares. That's the rule. The information you want in on the Tyratech website under 'Investors'.

[nobbygnome] 24/2/2014 12:40

My reading of the announcement today is that you are not going to have to wait a year to convert. The company is going to change the rules so that it can be done now.

>> casa

You don't have to buy TYRU at the end of the year, the TYRs just convert directly into TYRUs if that is what you want to do. Clearly if that happened now, all TYR holders would instantaneously make about 25%. Of course the prices may come together but at the moment especially after today's announcement everyone should be buying TYRs not TYRU.

GLA

Nobby

[casablanca4] 24/2/2014 12:32

Michael,

No problem holding on to these shares, Bought a few lots along the road and havn't sold any. Confident in TyraTech. Just not sure whats going on between the two shares. Can you give me short rationale (to a novice), why hold for year and then buy TYRU. Many thanks.

[michaelsadvfn] 24/2/2014 12:03

Casa,

Hold onto your TYR for a year then convert to TYRU. Simple as that.

Oh sorry, no one on ADVFN holds anything for longer than 20 minutes.

[casablanca4] 24/2/2014 11:58

jxman,

Which one, and why?

[jxman] 24/2/2014 11:55

Just keep buying

[monkey puzzle] 24/2/2014 11:09

Hmmmm.....

[casablanca4] 24/2/2014 09:59

Can someone please explain if I have TYR, what is the best thing to do? I could have sold TYR and bought TYRU before the RNS this morning. If PI,s convert to TYRU, what does that do to the share prices. How to they come together?

[somerset lad] 24/2/2014 09:56

You need to have held for a year to convert.

[nobbygnome] 24/2/2014 09:07

You have to assume they are referring to shares held by shareholders in this country and in fact maybe anywhere other than the US. That will be the majority of the TYRs I suspect. I will certainly be converting all mine!

Nobby

[michaelsadvfn] 24/2/2014 07:44

Nobby,

'in relation to certain of its common shares...

It didn't say ALL of them.

[nobbygnome] 24/2/2014 07:39

So following today's announcement the price of the two classes of shares have to come together. However, the question is will the TYRUs come down to the TYRs or vice versa.....or will they meet in the middle.

Now the situation is clear there should be even more people switching into the TYRs. It could be another interesting day!

Nobby

[michaelsadvfn] 21/2/2014 08:30

Nice one.

So, just over £30m market cap now. High enough for the time being methinks.

[jxman] 21/2/2014 08:06

Zelder this company is going to be very very big

[zelder] 20/2/2014 22:59

TyraTech, Inc. EXCITING NEWS!! Successful first production run of VAMOUSSE for Wal-Mart shelves!!! Units of TyraTech's VaMousse head lice control product emerge off the production line to fill the first Wal-Mart orders.

www.linkedin.com/company/tyratech-inc.?trk=top_nav_home

[deepvalueinvestor] 20/2/2014 19:56

No, not here

[jxman] 20/2/2014 18:56

Anyone else there?

[jxman] 20/2/2014 18:15

Looking good

[jxman] 20/2/2014 14:44

Walmart to sell head lice product made by Morrisville companyJason Schmidt is a group leader of product development and innovation at TyraTech, whose head lice product will now be sold in Walmart stores. Amanda Jones HoyleTriangle Business JournalThe U.S. sales team for pesticide maker TyraTech Inc. has landed a big win for its head lice treatment product Vamousse.The company announced Tuesday morning that Walmart (NYSE: WMT) stores will begin selling Vamousse in its stores across the U.S. starting in late March.TyraTech CEO Bruno Jactel, who is based at the company's U.S. headquarters in Morrisville, stated that the U.S. market for head lice control products is estimated at about $150 million per year.Vamousse has been described as a more effective, non-toxic alternative to killing lice and lice eggs, especially among the some 12 million school-aged children in the U.S. who report having lice each year."This is our most important milestone to date as it will significantly raise the profile of TyraTech's brands in the U.S., helping us further expand our market penetration and market share," Jactel stated.

[jxman] 20/2/2014 14:18

Getting going again. Don't miss the boat. The tie in here with Walmart is out of this world. Amazon will be next . Two of the worlds biggest hitters. This will go to nearer a pound when all this sinks in. Get buying

[zelder] 17/2/2014 22:35

Thanks, Sidam. Interesting indeed.

I can't help but feel we are really lucky to have Bruno as he seems the ideal person to take the company to much (much) higher levels.

Barrie- I image soon that many (when registered) will be selling TYRU to buy TYR at the much cheaper price (like yourself) and the gap between the two will narrow considerably.

[barrieb] 17/2/2014 16:43

Folks
Natwest Brokerline deal in both tickers providing you have filled in the W8BEN form.
This morning I traded 75k TYRU @ 20p for 100K TYR at 14.7 as I will able to convert back to TYRU after holding for 12 months.
Cant believe this discrepancy but understand the reasons why.
All the new shares being issued will be in the restricted TYR format so the directors and new major investors will hold these so no need to worry if you are thinking of converting