''Vog are requesting authority to issue up to a nominal value of £6.5million shares. This represents up to 1.3 billion shares. (Price the shares are issued at is irrelevant) I am not going to correct any part of my post because as far as I am concerned it is CORRECT.''
Morning Legals, if you are correct & as you say what ''the shares are issued at is irrelevant'', how can you say it represents any amount of share dilution, let alone 1.3billion??? You have taken the nominal price of Vog's shares and calculated what £6.5millions would be. This tends to show me you do not understand what a nominal share price means!
I am quite surprised at your post because having read your post which starts out trying to ridicule my post you then sound as though you are agreeing with me. You then finish up by saying “My reading, & I could be wrong, is Vog could have asked to issue up to 20% of the market capital of the company, or £10millions as it stands today”
OK so let me repeat what I said. Under resolution 4 Vog are requesting authority to issue up to a nominal value of £6.5million shares. This represents up to 1.3 billion shares. (Price the shares are issued at is irrelevant) I am not going to correct any part of my post because as far as I am concerned it is CORRECT. ATB Now looks like an apology due here ?
Legals, back of the class again for you with the big D hat I am afraid LOL. I believe your post 23:28 is wrong on two accounts. You claculate the number of potential shares at 0.5p. This is not a statement saying they want to place shares at 0.5pence, it just states the nominal value of Vog shares! You should know this!!!
Furthermore the resolution appears quite normal see this from the Aim admission doc,
b) otherwise than pursuant to resolution paragraph (a) above up to an aggregate nominal amount equal to 20 per cent of the aggregate of (i) the issued ordinary share capital of the Company at the date of the passing of this resolution and (ii) any equity securities issued pursuant to resolution number (ii)
My reading, & I could be wrong, is Vog could have asked to issue up to 20% of the market capital of the company, or £10millions as it stands today
L&G normal delays? are they delays if they pay on time? well according to you yes,lol as for your comment.And of course anyone that has done business of any kind on this planet knows that people don't always pay on the dot. well i can say that most do pay on time when you have the power to cut of there supply.
now this from VOG Customers will be billed within 10 days following the end of the month for which gas was received and metered. Payment for gas must by the end of the month following the consumption month. Should customers not pay, RDL has the ability to turn off their gas supply immediately.
so normal pricing contract there,so yes there is always a delay with the first months payment,but after that there is a monthly bill to pay.
looks like you trying your best to spin the facts again
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.