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Provexis Share Chat (PXS)



Share Price: 0.685Bid: 0.65Ask: 0.72Change: -0.005 (-0.72%)Faller - Provexis
Spread: 0.07Spread as %: 10.77%Open: 0.65High: 0.685Low: 0.65Yesterday’s Close: 0.69


Share Discussion for Provexis (PXS)


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BoringBernie
Posts: 1,098
Observation
Opinion:No Opinion
Price:0.83
View Thread (7)
RE: EFF
4 Aug '14
Alf

to be fair to RedPrince there was an inference in the 2010 EFF

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PXS&ArticleCode=5yks9xes&ArticleHeadline=Completion_of_25m_Equity_Financing_Facility

where it was said

"The EFF however provides the Board with the financial flexibility to accelerate the development of current technologies and/or acquire new technology opportunities. "

but it's never been stated in an RNS that the EFF is solely for that purpose.

Again, to be fair to RedPrince, there might have been something said in a webinar about the purpose of the EFF ( from memory, I think there was ? ) but that's water under the bridge now and, in terms of believing what you read / hear, I'd take an RNS over a webinar comment any day and, for sure, the demerger document trumps any webinar talk.

BB
 
redprince
Posts: 1,525
Observation
Opinion:No Opinion
Price:0.83
EFF terms
4 Aug '14
Have been changed following the renewal - they have obviously foreseen the potential for needing it for day to day expenses following the reduction in our cash position.previouisly it only allowed for use for expansion.
alfista
Posts: 11,891
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (7)
RE: EFF
4 Aug '14
That one was of course renewed post demerger, and replaced by this one
http://www.investegate.co.uk/provexis-plc--pxs-/rns/draw-down-of-funds-and-issue-of-equity/201309110700146834N/

Interesting addition to that was the granting of an option to Darwin warrants to subscribe for up to 10m shares at 4.44.

However, nowhere do I see any restriction on what any raised funds must be used for. Completely illogical to suggest otherwise IMHO
alfista
Posts: 11,891
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (7)
EFF
4 Aug '14
I am reading a claim on the other board regarding the EFF, namely that it can only be used for expansion.

Here is the RNS describing the facility, and the terms.
http://www.investegate.co.uk/provexis-plc--pxs-/rns/renewal-of--25-million-equity-financing-facility/201111080700266505R/
Andre292
Posts: 345
Off Topic
Opinion:No Opinion
Price:0.83
They originally said July
4 Aug '14
Yes, but originally said July then changed to August on the last day of July ?
Maninshed
Posts: 1,018
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (2)
RE: Delay?
4 Aug '14
Actually 'end' makes more sense than pre-empt!
Maninshed
Posts: 1,018
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (2)
Delay?
4 Aug '14
They said August. I guess this RNS is to pre-empt the 'where oh where are the results' debate that has already started.
Andre292
Posts: 345
Off Topic
Opinion:No Opinion
Price:0.83
Why the delay
4 Aug '14
Is the delay a good or bad thing ?
Maninshed
Posts: 1,018
Off Topic
Opinion:No Opinion
Price:0.83
Results
4 Aug '14
Thursday 21st.

AGM 22nd September.
TheRealPukMan
Posts: 449
Off Topic
Opinion:No Opinion
Price:0.83
Ramping beyond belief.
3 Aug '14
Give it a rest Dawson.



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