How they are going to address the issue of increased shares by Darwin converting is to increase the consolidation. Take a look at page 17 of the Notice to Meeting. No matter what happens there will only ever be 7.5 million of old FTE shares if the RTO goes ahead.
If Darwin convert everything there will be a total of 20,405,741,71 FTE shares. They will get consolidate 2720.7 - 1.
I also note there is some kind of lock in arangement for a period of 12 months, however does it cover the loan notes currently issued to FTE as this company will not exsist after 31st August, my guess is they will have to convert and sell before that date.
I notice on the admission document that they quoted roughly 13.5 billion shares in issue, this has now gone up to 15.5 billion shares as of 1st August. Will that affect the number of shares following completion. Will FTE shareholders now get less shares in order to maintain the m cap of £4 million. If there are more private shareholders and they are only issuing 7.5 million each shareholder should get less.
Is this correct or have i got it wrong?
Number of Ordinary Shares following Share Consolidation but prior to Completion 7.5 million
Just going when I saw your post. What were you doing posting all that stuff this week and then come out with that post. Some pi's have lost a fortune on missread info. I have inveted since 1996 first was telspec £5000, then GKN where I work. And many after. Joined here in 2009 and was ok but as the yeas have gone by the boards have gone more nasty. The one's who befriend you are the greedy and the poorest.
Chukkers:- Just to remind you of your post 22nd July " i agree lselee... the admission doc was good, anyone thinking about deramping is insane...bos global may not create revenue yet, but they will in the future, as michael travia seems to be sitting on a pile of cash..."
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