Rockley Photonics Holdings Ltd (RKLYQ)

[Bruinfan4ever]

Wow. 11 Million shares traded? Really.

8 Million added at the buzzer. WTF?

[Bruinfan4ever]

How are those short shares doing?

[Bruinfan4ever]

1 Million shares traded first 2 hours.

[Bruinfan4ever]

New 13G out.

Rock SPV owns 14 Million shares.

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001852117/22c305c2-2d34-4090-899d-a70b8f96fc1c.pdf

US :RKLYRoc Spv Xix Llc discloses stake in RKLY / Rockley Photonics Holdings Limited
Roc Spv Xix Llc has filed a 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 13,952,571 shares of Rockley Photonics Holdings Limited (RKLY). This represents 9.9 percent ownership of the company.

Top holders of Rockley Photonics Holdings Limited sourced from 13F and NPORT filings include:

BlackRock Inc. with 1,490,587 shares representing 1.16% ownership of the company. In it's last filing, the firm reported owning 329,111 shares. This is an increase of 1,161,476 shares or 77.92 percent. Additionally, the investor currently has 0.0000 percent of its portfolio dedicated to RKLY. This is a decrease of 64.33 percent from their report three month prior.

Vanguard Group Inc with 1,280,371 shares representing 0.99% ownership of the company. In it's last filing, the firm reported owning 51,216 shares. This is an increase of 1,229,155 shares or 96.00 percent. Additionally, the investor currently has 0.0001 percent of its portfolio dedicated to RKLY. This is an increase of 2,321.24 percent from their report three month prior.

VEXMX - Vanguard Extended Market Index Fund Investor Shares with 1,187,900 shares representing 0.92% ownership of the company. Additionally, the investor currently has 0.0049 percent of its portfolio dedicated to RKLY.

Senvest Management, LLC with 1,006,565 shares representing 0.78% ownership of the company. In it's last filing, the firm reported owning 2,006,565 shares. This is a decrease of 1,000,000 shares or 99.35 percent. Additionally, the investor currently has 0.1164 percent of its portfolio dedicated to RKLY. This is a decrease of 52.64 percent from their report three month prior.

Geode Capital Management, Llc with 825,750 shares representing 0.64% ownership of the company. Additionally, the investor currently has 0.0004 percent of its portfolio dedicated to RKLY.

Pekin Hardy Strauss, Inc. with 763,160 shares representing 0.59% ownership of the company. In it's last filing, the firm reported owning 738,000 shares. This is an increase of 25,160 shares or 3.30 percent. Additionally, the investor currently has 0.3825 percent of its portfolio dedicated to RKLY. This is a decrease of 11.95 percent from their report three month prior.

Credit Agricole S A with 532,582 shares representing 0.41% ownership of the company. In it's last filing, the firm reported owning 456,431 shares. This is an increase of 76,151 shares or 14.30 percent. Additionally, the investor currently has 0.0054 percent of its portfolio dedicated to RKLY. This is a decrease of 83.06 percent from their report three month prior.

State Street Corp with 490,401 shares representing 0.38% ownership of the company. In it's last filing, the firm reported owning 44,428 shares. This is an increase of 445,973 shares or 90.94 percent. Additionally, the investor currently has 0.0001 percent of its portfolio dedicated to RKLY. This is an increase of 967.62 percent from their report three month prior.

Ieq Capital, Llc with 483,263 shares representing 0.37% ownership of the company. Additionally, the investor currently has 0.0464 percent of its portfolio dedicated to RKLY.

HighTower Advisors, LLC with 399,831 shares representing 0.31% ownership of the company. In it's last filing, the firm reported owning 212,870 shares. This is an increase of 186,961 shares or 46.76 percent. Additionally, the investor currently has 0.0036 percent of its portfolio dedicated to RKLY. This is an increase of 76.89 percent from their report three month prior.

There are 79 funds or institutions reporting positions in Rockley Photonics Holdings Limited. This represents an increase of 10 owner(s) and 14.49 percent in the last three months. Average portfolio weight dedicated to Rockley Photonics Holdings Limited is 0.0341 percent, a decrease of 22.7948 percent in the last three months. Total shares owned by institutions increased in the last three months by 14.44 percent

https://fintel.io/news/roc-spv-xix-llc-discloses-stake-in-rkly-rockley-photonics-holdings-limited-0.6737186756098259

[LPC-Minion]

How is everyone finding shares to short? It either a hard borrow, can’t find any, or on the restricted list. Broker recommendations?

Thanks

[Bruinfan4ever]

Technically they don't have to dilute. I believe the company that gave them the 81 Million has warrants at 3.08 and 5.00. The 3.08 warrants don't expire until 2026 and the 5.00 warrants don't expire for 10 years.

I believe they will wait at least until at least 2024 when Rockley should be profitable to convert because there really is no incentive to convert early. They get that price no matter what.

[Tleprathy]

Well, I think the answer is yes - the company's statements indicate they'll not need to dilute further, this was reiterated as early as a few weeks ago on a podcast.

Still interested to hear what non-company sources may think.

[SteveSchiets]

You want the silverplate with that?

[Tleprathy]

Hello everyone - I've been looking at this company with interest for some time. Could someone help me understand the arguments for and against the idea that Rockley will not need to dilute further before breaking even?

[Bruinfan4ever]

NEWS!!!!!!!!

But kind of fluff. Evaluation period and Potential.

https://investors.rockleyphotonics.com/news/news-details/2022/Rockley-Photonics-Biosensing-Technology-Enters-Evaluation-Phase-by-Leading-Consumer-Wearables-Customer/default.aspx

[Bruinfan4ever]

Senior Exec changes. The next phase is on the way.

https://investors.rockleyphotonics.com/news/news-details/2022/Rockley-Photonics-Announces-Senior-Leadership-Changes/default.aspx

[dwagom04]

Lol

[Rkf302]

Great find. They are beating down all the new companies in the russell under the cover of this bear market.. Accumulating for the end of the month.

[Bruinfan4ever]

Rockley joins Russell 3000

https://investors.rockleyphotonics.com/news/news-details/2022/Rockley-Photonics-Set-to-Join-Russell-3000-Index/default.aspx

[Bruinfan4ever]

A new 13G filed. Wazee street also over 14 Million shares.

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001852117/5e04d265-9d3c-4374-934f-d70712e4df1d.pdf




Founded in 2010, Wazee Street Capital Management LLC is a private firm investing in corporate distressed opportunities.

We seek to exploit financial market fear and uncertainty to purchase securities at deep discounts and then drive successful outcomes through creative restructuring solutions.

The goal of our investment strategy is to generate strong, uncorrelated returns for our investors throughout economic cycles.

[Bruinfan4ever]

Well I wouldn't say short king when you could have shorted pretty much anything and got the same return.

[Rkf302]

Hmmm.
16.99. No
16. No
15 no
14 no
13 no
12 no
11 no
10 no
9 no
8 no
7 no
6 no
5 no
4 no
3 no
2 no 1.90 YES. Thats the ticket!

[Bruinfan4ever]

Right where it is now. NYSE

[prototype_101]

RKLY down 42% in 5days from 3.28 to 1.90, yeah probably not enough yet you better Short it here

[LopezPhd]

When RKLY reenlists, where will it go?

[Rkf302]

Excellent. I thought you were going to talk it to death.

[Bruinfan4ever]

You are a professional and just now going to short? LOL

Now that is funny.

[LopezPhd]

I know I’m a professional and academic but I’m literally edging right now. Going to short 10k shared and go from there.

[Rkf302]

You should do it hero. All you do is post baloney. Short it. Have some balls.

[LopezPhd]

Has anyone considered shorting the stock? Since this is not a play until 2025 and is heading for 90% off original list price, seems like a safe play. I still think long term this will do well, but I think shorting makes since until it hits $0.XX. That’s a whole dollar left on the table and small amounts add up.

[Bruinfan4ever]

Yeah, I am not saying it doesn't happen. But it's rare.

And I don't see it here. Not with them being ready to ramp up with 300+ Million in Revenue expected next year.

If they were still a couple years out, that would be a different story.

[Cuppy]

That happened with Apple some time after Jobs returned to lead them. They were valued at LESS than the cash on hand.

[Bruinfan4ever]

You mean delist? LOL. It's not going to delist. LOL.

[LopezPhd]

Going to see if i can get more to post on here out of my group, I’m the only one. Wish there was more discussion here

[LopezPhd]

So back from the weekend, water cooler talk is that this will likely relist as many are saying. I’ll take my chances once it moves off the NYSE. Have it on my watch list and still optimistic.

[Bruinfan4ever]

It could go to 1.50. I doubt it goes to 1.00. You rarely see cash on hand as much as the market cap .

[Bruinfan4ever]

Luckily they raised that capital when they did. They were down to 1 Quarter of Cash. In this market condition a capital raise could have been dang ugly if they could even find someone to do it.

[LopezPhd]

It finally hit $1.XX but I’m waiting for the 99 cent special. Greedy I know, but that’s capitalism.

[SteveSchiets]

Now it’s the time to buy then.
A less then 2 dollar NYSE stock.

[Bruinfan4ever]

The problem it's a cycle where institutions are only investing in companies that have great cash flow. Companies not making money are not going to do well in this market. So unfortunately it's going to be awhile.

[LopezPhd]

Hoping for $1.XX at open. This is an easy 2025 and beyond play. Rockley will do great things

[prototype_101]

RKLY trading at a DISCOUNT to the Invested Capital to-date of $443 million (per the latest 10-Q)

The current market capitalizaton is about $282 million (127 million shares O/S x $2.22 closing PPS 6/10/22)

DISCOUNT to Invested Capital currently close to 40%

Folks this is INSANE!!!

RKLY is WAY WAY WAY UNDERVALUED at $2.22

https://www.sec.gov/ix?doc=/Archives/edgar/data/1852117/000185211722000166/rkly-20220331.htm

[Rkf302]

Actually. Low was 2.22 yesterday.

[LopezPhd]

It hit $2.12 a share today, however I need some dilution before I can invest. It has been primed for a while now unfortunately.

[Bruinfan4ever]

I expect 1.00 EPS in 2024. That would be about a 40-80 stock depending on the multiple that is given. If it happens in 2025 that is fine too.

If you have a 10,000 investment and you buy at 2.25 you will have 4444 shares. If you should get 1.50, then you will have 6666.

so at 50.00 a share you would have 220,200 with 4444 shares And you would have 333,300 with 6666 shares. So you can make an extra 111,000 hoping you get 1.50. But either way is a great return on 10,000.

Obviously any news and the stock bounces and you can pay more for the stock too.

[Bruinfan4ever]

Anything can happen in this market. it's the market, not the company. Nothing has changed as far as ramp up. They still expect to be profitable by 2024 with 2023 break even.

This is a 2024 play and beyond. Buy where ever you think the bottom is.

But SPAC has nothing to do with it.

[SteveSchiets]

You should have come sooner. I bought at 11$

[LopezPhd]

$RKLY to $1.XX… My colleagues and I at the University lab have been patiently waiting for this stock to crack the dollar mark. Naysayers point out this will never happen, however with the recent 52-wk low of $2.22 it is well within reach. I have been tracking this stock since it was SPAC last fall. Good luck and see you all at $1.

[Nomadphotoguy]

https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=11,344,258.PN.&OS=PN/11,344,258&RS=PN/11,344,258

[Bruinfan4ever]

No I didn't see that patent. Nice.

[Nomadphotoguy]

I hope you’re right. It sounds like from the presentation yesterday that everything is on schedule. Did you see the Apple patent from last week? They are planning on using blood pressure and hydration to help adjust the force pressure and adjust their watch band tightness. I’m more convinced than ever that Apple will have Rockley’s sensors in their watches next year, if not sooner.

[Bruinfan4ever]

I really don't think White Box would buy Rockley.

But they do have the ability to short. They know long term the price is going up. But they can take advantage of these market conditions and low volume to short it down and make money that way.

[Nomadphotoguy]

Hedge fund (Whitebox Advisors) driving the stock price down so they can pick up cheap shares. That way the shareholders are thrilled to take a $11 buyout. That’s my take…

[Bruinfan4ever]

Did someone put out a short report on Rockley?

This sell off seems kind of strange. 20%?

Iceberg put one out on April 22. So I wouldn't be surprised.

Otherwise this could be dilution.

Strange there would be a 20% drop for no reason.

[SteveSchiets]

Great find guys. Looking forward how this will play out