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Lantier,
You suggested that the participants in the last placing at 6.5p 'were not full'. I think if you offer 6.5p at the next placing NVS will be very happy to oblige...
Agreed, I wonder what the cash equivalent in that $5.3m is referring to...
Ella10
RNS on 25 June 2021 states
Arc's liquidity position is strong, with cash and cash equivalents exceeding US$5.3m as of 31 May 2021.
I wonder how the cash in the company is looking. Nick said Rothschilds was on a success based fee - this is likely to to have defined fee plus a fee based on a successful conclusion rather than as some have been saying a no deal no fee. I don't think a placing would be very well received at the moment!
Hi Careful,
The additional block listing is well disguised by the title of the RNS. I am NOT twisting the truth!!! Perhaps you need to be a tad better researched...
https://www.lse.co.uk/rns/ARCM/change-of-accounting-reference-date-26cgs2dw1v6vqnc.html
Ella10
I thought the RNS Block Listing Six-Monthly Return on 19/3/2021 stated the :-
Balance under the scheme of securities not yet issued at the end of the period ( 18/3/2021 ) is 27 787 331 million.
You wouldn't be twisting the truth now would you !
Hi Dartron,
Obviously I can't say for certain if it is warrants. LSE is double printing trades so it is not quite as grim as it looks. Out of the 188m warrants in the Feb block listing nearly 57m are 3p warrants so would still be in play. We SHOULD find out how many have been exercised in the next 3.5 weeks via a six monthly return. My guess is that some news (ALL overdue ) is either about to be issued by ARCM in an RNS or is about to come into the public domain via other means. It is just an informed guess. It may even be that they know the deadline for the six monthly return is approaching and they know that sight of the warrants exercised will have an additional detrimental effect on the SP.
Both very similar scenarios in terms of dumping stock, even the third scenario that some one who bough well under the current price can continue to keep selling. If you had many million of these you would need to sell them in dribs and drabs each day, what ever the market could consume.
You may also be happy to sell some at a slight small loss, if you have to clear through them anyway. As long as your bottom line is in profit, its better than holding the risk. There could be multiple sellers, each trying to sell but not collapse the price.
So Ella, you are implying it will be bad news hence the rush to sell the shares?
My take on the selling is the company who recieved MM's shares as security on his loan could well be liquidating the shares to recover their loan.
Don't belive that they are an investment company so probably won't want to hold stock. Sell, recover their capital and lend to someone else is my guess.
All just MHO. Could be right. I may be wrong. We will probably never know.
Lantier - so what's your take on it? Just a general exit by fed up punters??
All garbled, all garbage. Every word.
Got it - thanks so much!
T
Not exposing the warrant holder to risk of financial loss.
Teaye,
I am assuming these are the warrant block listing. Warrants tend to be exercised and sold immediately by the broker - so therefore not the warrant holder to a risk of financial loss. Although they are the option to buy they will generally only be exercised to be sold immediately. This is my view and other folk may have differing views.
Ella10 - could you explain further? (I thought this was the right to buy; so assuming they want to buy low, how could anyone tempt others to sell). Sorry if being stoopid :))
T
Are all these sells a major attempt to exercise more warrants before news drops? I'm guessing some news will appear this week. Assuming this is warrants then the good news is if this drops below 3p all the warrants will be out of play but I suspect the broker is well aware of this...