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Hopefully it'll be a full open offer all can take up, as opposed to the broker option subscription in May, which was a platform lottery. I lost out there being with HL :( There'll be a trading facility for the now proposed open offer warrants with JP Jenkins, but will that be accessible to all?
Rye I get your point but on risk, I didn't take part in the last raise because I was pretty certain as many others were we would see 20p or less after that placing at 22p, and indeed the opportunity arose to buy more at just over 18p which I gratefully received. There have been very few stock in the last 20 months that have not fallen below placing. I agree that the risk is not the same, the potential opportunity however is probably a lot more attractive to me. For the good of the company though please buy the placing. Was going to leave that to Jim:)
You get two years to commit exercising the warrants so you have the benefit of hindsight if you do…so buying now is not the same risk at all. The warrants are basically a free hit and I’ll look forward to exercising mine in 2 years for a fat profit ;-)
It’s not been offered yet. You’ll get the offer via your broker / platform.
@flundra - newbie question here but how do you take up on this offer exactly?
There's clearly a looot of money trying to get in to the sector via ANIC and presumably New Agrarian too, which is great. Hang on to hats, take up the open offer if you can, and enjoy the ride into 2022 and beyond imo. Some of the investees are clearly almost ready to pop.
or heaven forbid,diabetic boots!
If at the end of the reporting period the stock is down does he pay us?
So long as Mellon man doesn't use it for his disastrous gold mining project in Nicaragua. He's just sunk another couple of million in that, and there are warrants for that too if it ever reaches the price. You can't eat gold even if they get around to selling any. I think this is good though, the more they speculate, the more we diversify and accumulate eventually. Cant see why you would wait for the 30p ex price if you can buy now 25% cheaper. The risk is exactly the same
I have a suspicion he knows what he's doing. Though he has said on many occasions that AIM is a great market for rasing money. So he's taking advantage of that. It's not necessarily to our short term advantage but long term maybe it is.
Well timed for those who sold throughout November and ready to rebuy? Sure.
I understand this... 'the Company will continue to accept commitments in relation to the Subscription until 17:00 GMT on 20 December 2021'
But what does this mean...'The Placing will be conducted by way of an accelerated bookbuild process arranged by Cenkos Securities plc ("Cenkos") which will be launched immediately following this Announcement, in accordance with the terms and conditions set out in Appendix III to this Announcement and is expected to close on 2 December 2021'?
By that I mean what is closing tomorrow?
Theosus - you've posted a lot on here. Is it a full time job for you? What's it for exactly - the money? I think he made that clear in the RNS. This is a company which seeds start up companies - obviously the money will go to that. There is a lot of opportunity out there. Maybe if you have any better ideas what he should do with the money you should contact him.
Initially I was sceptical about this fundraise but actually I think it's been very well timed. The SP has been very weak over the last two weeks across the board - all my shares have suffered the same - in fact ANIC was one of the best performers. It's my view that Jim Mellon saw this as a good opportunity to fundraise at a diluted price. Though I'm not sure that he will fulfill the 25 million when it's no cheaper than the open price. Mellon is an opportunist sure but he's more interested in the end goal which is a big piece of the pie. He's a billionaire so making a bit here and there from fees won't bother him much - he wants to be up there with the big boys.