Small Aussie company into supercapacitors

Issued statement on 23/10 bemused at share price fall

Stock has since droopped another 15%

Basically I'm guessing institutional seller that got in on ipo needs out no buyers ----- free money for the patient --- 3-6 months if you belive the management that is

As for the business I have no idea :-)

FURTHER RETRACEMENT EARLY THIS MORNING BUT SINCE ARE BOUNCING BACK

the lowest was 2.25p with large volume since 10.5M

funnily enough, i've just seen this was mentioned on 29/4 on one of the sensible threads on advfn
major problem is that apparently it only has a cap of £4m, so assuredly untradeable via cfd, and probably not s/b either

Good news for Cap-xx.

Murata of Japan is on the same business and announced record profits yesterday

hxxp://www.businesswire.com/news/home/20150430005448/en/Murata-Announced-Record-High-Results-FY2014

Elon Musk - Tesla CEO: Super-capacitors Trump Electric Car Batteries.

http://www.greencarreports.com/news/1057301_tesla-ceo-super-capacitors-trump-electric-car-batteries

On the BBC today
BBC- Tesla unveils batteries to power homes

are we swimming with the big boys ?

what do you make of TSLA?
EM (that one!) seems to be something of a marmite figure, who predicts what sound to be ludicrous numbers but, as far as i can see, generally and eventually lives up to same

What EM said >>>>>>>

"Talking at the Cleantech Forum in San Francisco on Wednesday this week, the 39 year old entrepreneur (Elon Musk) told the assembled audience that he’d bet on supercapacitors, not batteries, to deliver an important breakthrough in electric vehicle range.

Unlike batteries, supercapacitors do not lose the ability to store charge with age. As a consequence they could potentially offer future where electric car owners are not faced with the worry of battery packs wearing out before the car does.

Supercapacitors also have a much higher power density than batteries, meaning they can provide power far more quickly than existing battery technology".

Could go ballistic

is going places just now as people realized of the company potential

bounce from a 50% retracement from late March lows

Has today broken 4p with ease and moving to 5p now large volume again

CPX 6.275p Bid: 6.25 Ask: 6.30 Change: +2.65 (+73.10%)

anymore to say?

You caught a good one here mentor !! well done.

and was slightly expected ................and a roller coaster since, sold at 5.30p

Proposed Placing

The Board of CAP-XX announces that the Company is in discussions regarding undertaking a capital raise by way of a placing of approximately 31 million new ordinary shares at a substantial discount to the Company's current share price but a substantial premium to the price of the Company's last fundraise in March 2015.

A further announcement will be made in due course.

Placing at what price?
I had some spare time so I tried to work out at what price will be

I opted @ 1.75p

reasons:
company said is going to be above "last placing price" .... it was at 1p
substantial discount to the Company's current share price
is going to be 31 million shares

How I work it out:
31M shares at 1.75p = 0.542M raise
500K for the company
42K for the brokers fees to arrange the placing

Reasons for the spikes on share price
3 massive markets
Trucks
Sportscars
Apple & Nike

Keeps with retracement at the moment

and how has been moving for the last few days

There was a retracement of 50% at 4p, so bought again

finally the placing price has been announced @ 3.25p and a 13% extra shares 30.76M so the dilution is not large ...............


CAP-XX Limited -- Placing to raise £1.0 million

Further to the announcement on 5 May 2015, the Board of CAP-XX is pleased to announce that the Company has raised gross proceeds of £1.0 million, by way of a placing (the "Placing") of a total of 30,769,231 new ordinary shares of no par value (the "Placing Shares") at a price of 3.25 pence per share (the "Placing Price"). The proceeds of the Placing will be used for general working capital purposes.

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Placing Shares will commence at 8:00 am on 14 May 2015.

The Placing Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid in respect of the Company`s ordinary shares of no par value each ("Ordinary Shares") after the date of Admission and will otherwise rank pari passu in all respects with the Company`s existing Ordinary Shares. The Placing was conducted by Allenby Capital Limited.

The enlarged issued share capital of the Company following the issue of the Placing Shares will be 266,996,596 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in Treasury.

Following Admission, the above figure of 266,996,596 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Commenting on the Placing, Anthony Kongats, CEO of CAP-XX said, "We are very pleased with the further support and commitment which we have received from investors for this financing. This will assist in acceleration of the commercial roll-out of both our new range of Thinline supercapacitors and our large automotive product."

From another place ...........

I spoke with Allenby this morning, because I wanted to know if the over-subscribed comments on the board this morning were genuine, they confirmed - in their words the placing was 'Heavily, heavily oversubscribed, by more than a factor of x3'!!

in other words HUGE DEMAND from people in the know!!