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 -- with the help of tech engineering firm, Arisawa Manufacturing Company who are already a major shareholder and also hold a £500k secured loan note.
The 2p placing effectively values the company now at £4m+ but they would hopefully have to go higher to buy out the few remaining external shareholders -- especially if they do the deed before the LG damages case is heard.
Just in case, it would be prudent for any PIs who haven't yet converted their electronic shareholding to a certificate, to do it soon so that your name goes on the register and FBT know where to contact you.
In any event, if you are planning to sell any shares in a future Asset Match auction, you will need to be certificated.
I saw that some smaller holders were offering around 700k shares at under 1p in the current Asset Match auction which ends today (Thursday). I wonder if they will withdraw them in light of the 2p placing news.
Hi Folks, just came on board to see what the take is on this placing at 2p and sae this thread. I have my shares with Sharedealactive which is on the Jarvis platform. I havent checked since but they said they could trade the shares as and when I was ready. Just letting folks know....
"Three of the Directors of DDD have agreed to subscribe for New Shares. The nominal amount of the New Shares that they have agreed to acquire are as follows: Christopher Yewdall £40,500; Nicholas Brigstocke £40,500 and Sanji Arisawa £140,500."
"The Company has developed a range of intelligent video solutions that are based on patent-protected computer vision image analysis techniques. During 2016, the demand for these new software products continued to grow resulting in almost 460,000 copies of the TriDef SmartCam app being distributed during the year.
TriDef SmartCam is a ‘mixed reality’ Windows and Mac OS X app that is used by customers in over 100 countries in the gamecasting, webcasting and video chat markets. TriDef SmartCam turns a conventional 2D webcam into a powerful compositing tool that can either blur or replace the user’s immediate environment with alternative background images and filter effects in real time.
Recently the Group has announced commercial agreements with mainstream manufacturers of notebook PCs, gaming PCs and PC motherboards with partners including Asus and Gigabyte Technology Co Ltd. Along with agreements with similar companies that the Group has recently signed but has yet to announce commercially, these agreements are expected to increase the distribution of TriDef SmartCam to over 30 million users in 2017 through preloads of the TriDef SmartCam app on the PC, distribution with PC peripherals and through app stores offered by the partner to their customers.
The Company will continue to service existing 3D technology licensees.
The Company expects that a successful conclusion of this financing transaction will provide sufficient working capital to accelerate business development activities for the TriDef SmartCam app and to complete the delivery of a new app targeting the emerging virtual reality PC gaming market that is based on the Group’s successful TriDef 3D Games software."
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