That gives Arisawa Mfg Co up to $1.25m of CLNs secured on the company’s stereoscopic 3D patent library and priority repayable in the event that we win a slug of cash in court from LG (which had better come soon or there'll be nowt left after paying the creditors). Plus a 10% coupon… Read More
The Asset Match auction has finished with 286,102 shares traded at 1p per share. That number of shares was on offer yesterday for 0.8p so it looks like the seller upped his price -- and presumably that the two or three who had listed at prices below this weren't willing to sell at 0.5p and 0.6p in the light of the placing news.
Jam4u, sorry for the typo. My concern would be that your broker wouldn't receive any key shareholder notices from DDD whereas you would receive them directly if you certificated your shares; also, should you want to sell, Asset Match is currently the only game in town and I don't think they can deal with Sharedealactive.
Jam4u, albeit the directors have demonstrated confidence by digging pretty deep, it will be even more significant if they can raise the balance of the target cash at 2p from outside investors. That would effectively re-rate the company. But I think it's doubtful they will re-list. The main reason for listing is to raise cash and they seem to be doing that just fine without the stock market's help.
If I had to guess the future, I would say that this looks like a possible management buyout --… Read More
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