Under the details given in the first RNS explaining how the conversion of the CLNs would work there were clear restrictions as to the price at which Darwin could convert. This was either very badly written or it was not actually followed when Darwin did convert the later tranches. However, there was a clause which said "unless both the Company and Darwin otherwise consent" and that may be what happened here allowing Darwin to ignore the other requirements.
LMAO - my dad told me so it must be true..... Utter BS - coordinated shorting and a BS report from the US was what attacked QPP today ! If you are interested it is the same company that attacked BLNX - your dad does not everything about this at all. QPP will recover in a short time frame too - please refrain from posting such fact less tosh.
Buzz, It may help if you listen to people who disagree with you. How else can you see the cons as well as the pros? And if you don't see the cons ... Well you lose money. Yes I am talking about how you were with me in regards to GAH. And, get this, my dad told me to avoid QPP too because he had good reason to be sceptical about the business model and he was right. Same goes for GAH. Now how about you gob off to me, prove me right, and then continue to wonder why you're losing not a millionaire yet. Kind regards, Libero
Please correct me on this. Just trying to get it straight: Darwin have currently converted CLN’s into 52,268,751 ( which includes the 2,823529 arrangement fee shares). They have had the firts 3 tranches and have 3 to go. I could not get my head around the paragragh about the conversion rates - the three day average and then: ‘The investment in each subsequent tranche,,,,’ I got lost (doesn’t matter how many times I read it. Simply don’t understand the language - If anyone is patient enough to explain.. but don’t stress). My understanding is in a nutshell the conversion rate is dependent on the share price in the preceeding month. Darwin may well want to hold shares long term but they would surely negate some risk by taking profits as they go (hence the odd 500,000 dump). So far they have paid out £180,000 x 3 = £560,000 giving them an average of 1.07p per share giving them a lot of room to take profit. These 500,000 sells are clearly the main factor in driving the price down but as they convert the CLN’s at a discouned conversion rate this will not effect them short term iof the price goes up or down. It seems the 500,000 dumps will keep the price down until they stop but the question is when will that be? The last tranche will be admitted around 14th July but they will still have a tonne of shares in their bank anyway. Does anyone have any idea of how many they reckon Darwin have sold? I may well be talking complete nonsense. My position is I hold a fair bit and have averaged down to about 2.8p.
Why am I a troll, I have been in kea for a while now. It's common sense that 1.8 is closer than 3.5. Not ramping, just stating the obvious, but you are clearly in denial. All I keep hearing is puka this, puka that, does anyone actually have a clue? Clearly despite you thinking this is going upwards, clearly the majority disagree, hence the share price drop. Good luck, hopefully medium term this picks up for us both
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