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Xtract Share Chat (XTR)



Share Price: 0.115Bid: 0.10Ask: 0.13Change: 0.005 (+4.55%)Riser - Xtract
Spread: 0.03Spread as %: 30.00%Open: 0.11High: 0.125Low: 0.105Yesterday’s Close: 0.11


Share Discussion for Xtract (XTR)


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Spacemen
Posts: 3,030
Answer
Opinion:No Opinion
Price:0.22
View Thread (9)
RE: drif
1 Sep '14
Affe ........ I searched everywhere to find the answer and that's when my theory came about .
"No logical explanation for that RNS other than interested parties looking for XTR bulk share purchase"
Off cuff , during the financial melt down crisis of 2008 , the year after your link , Gordon Brown cut loads of financial red tape even banned shorting of banking stocks at one stage . All with the intent on making UK stock markets less volatile and cheaper to use . After all every RNS costs money hence for once he was doing the right thing for businesses listed on the London Stock Exchange .
Hope you find what your looking for since good research shared is always welcome .
 
drif
Posts: 3,104
Off Topic
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Price:0.22
Affe
1 Sep '14
I think it is a kind of declaration that YVA have reached point where they may not be selling more, well that was not really accepted by the market and the SP only made. 25 after the RNS. It has not however become apparent that YVA have stopped selling yet.
Affe
Posts: 407
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Opinion:No Opinion
Price:0.22
View Thread (9)
RE: drif
1 Sep '14
Hi Space. Fair point but...

The law was passed in 2007, still relevant.

The 'why' bit is rather more opaque however, you are correct:

The Yorkville cash was not paid up front in a massive chunk, but available for 'drawdown' -

"A financing package has been agreed with YA Global Master SPV, Ltd, which is advised by Yorkville Advisors LLC ..//..and consists of debt and equity. $300,000 in cash (gross of fees) is immediately available to the Company and approximately £1,000,000 will be available to the Company upon, and subject to, shareholder approval of the proposed waiver of Rule 9 of the Takeover Code · The debt facility provides the Company up to further US$4,700,000, as may be required"

OK - looks simple but - from 7th Feb,
"As previously announced on 12 December 2013, a financing package has been agreed with YA Global Master SPV, Ltd, which is advised by Yorkville Advisors LLC (the "Investor") and consists of an unsecured loan of up to US$5,000,000, subscription for 741,418,765 new Ordinary Shares (the "Subscription Shares") at a price of 0.2185 pence per Ordinary Share, equal to £1,620,000 in aggregate, and an equity swap agreement. "

SO..... What we know now is: They have not drawn down any more Cash from Yorkville since 7th Feb.
YIPEEEEEE, no more dilution.

But.... granted, it is deeply confusing and I am coming around to your way of thinking!! Why now? 8% is a valid threshold. But so is 9% and indeed 10% so why 8%?

I'll hunt this down I think, bear with me :-)

Affe
Spacemen
Posts: 3,030
Answer
Opinion:No Opinion
Price:0.22
View Thread (9)
RE: drif
1 Sep '14
Affe .......... check the date on your link ...... January 19, 2007 ......... we've come down from 21% to 7.3% before receiving our first RNS linked to Yorkville reduced amount of shares hence I stand by my first statement .
Affe
Posts: 407
Off Topic
Opinion:No Opinion
Price:0.22
View Thread (9)
RE: drif
1 Sep '14
Spaceman- you said "No logical explanation for that RNS other than interested parties looking for XTR bulk share purchase"

This is wholly incorrect - as I have previously posted, there is a legal requirement to notify via RNS's when certain holding thresholds are crossed. There is NO mystery!!

See page 2 of this, it is actually in English!! A miracle.

http://www.shearman.com/~/media/Files/NewsInsights/Publications/2007/01/New-UK-Rules-Relating-to-the-Disclosure-of-Certa__/Files/View-Full-Text/FileAttachment/AM_011907.pdf

Xtract are registered in England.
pepemartinez
Posts: 924
Observation
Opinion:No Opinion
Price:0.22
ok thanks Drif, about CFD
1 Sep '14
I don't want more risk I have loosed 50% of my money during this crisis in stocks

I still have some like VAL, BHR, XTR and GGP but BHR the worst for the moment

solar are destroyed like some china STP was my ruin....
drif
Posts: 3,104
Off Topic
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Price:0.22
Spaceman
1 Sep '14
Cheers mate and happy news Im out for now of VOD, however just decided to buya small holding in REH, knew them well in the past but this is a punt today as im out of the loop now. Looks like a great run is about to start.
drif
Posts: 3,104
Off Topic
Opinion:No Opinion
Price:0.22
PM
1 Sep '14
Now thats a long conversation!! CFD, dangerous stuff. Basically you need rules and reasearch. IG is based in Spain, if you want more info then I can help but these things are very very dangerous, use extreme caution losses are faster than profits, and profits are FAST.
pepemartinez
Posts: 924
Observation
Opinion:No Opinion
Price:0.22
Drif where you can but a CFD
1 Sep '14
for Nautilus and tell me about CFD explain, I never bought one and thanks

you bought the canadrian or the OTC stocks? I bought the OTC stock
Spacemen
Posts: 3,030
Off Topic
Opinion:No Opinion
Price:0.22
View Thread (9)
drif
1 Sep '14
yep ...... fishing for the bargains as per usual ..... lol .... can't go wrong at these prices . Glad to hear you sold you VOD shares at a profit as I said before , I made a profit on BT but that was beginners luck . Hope your NIPT shares aren't hurting you to much now that was a brave move . Me I'm under water with SOLG but have my main holding in XTR hence happy as Larry to trawl the sea bed for any blips down in SP . The good news of last Tuesday , knowing how many shares Yorkville have left is still a mystery . No logical explanation for that RNS other than interested parties looking for XTR bulk share purchase .





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