Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Harry
You are bang on buddy.
We need more detail which I believe will be more forthcoming.
AND IF IT AINT IM OFF!
STILL
50/50 on everything - like Jobe or Davy Jones - I’m a believer!
GL
IK
XX
111112 the first resolution concerns me too, I've been stung before by dilution so I'm always a bit wary. I wonder if having the option of issuing further shares may be a way to raise funds to keep current cerp operations running or to keep bpc going if perseverance drill turns out to be a duster (I don't think it will as there seems really good confidence in the data)
the BOD can always just grant themelves more options though. Just look at how Stephen Sanderson does it at UKOG. He has never bought a single share and grants himself another 25 million options whenever his previous options run out.
Don't think for a second that directors share options would have an affect on their thinking about dilution. They will make sure that they are ok come what may.
I would be very concerned that's a massive dilution. it can only mean one thing they don't care about share holders. I don't hold Bpc shares but I do hold Cerp so I have to make a decision when to sell. Do I sell before the merger or after and before the dilution. 1.8 B is 40%ish dilution but is that before or after the creation of the cerp shares? For Me it makes sense to vote yes to the deal because I get about 37 p a share profit provided the share maintains its currant level after the merger, but with a dilution that big coming then it probably will not. So for me vote yes and sell before.
111112, welcome to the forum. It is the interests of the BoD not to dilute willy nilly, as their share options are fixed at 200m in total (if I recall from memory in the 11/6/20 RNS prospectus). They are aligned with ordinary shareholders and have this incentive. In my opinion even if 10 billion shares were issued to buy assets or merge with other companies such as CERP (with shareholder approval) it could be a good thing depending on the circumstances. To dilute for survival cash-flow is NOT good though. The above is just my opinion .
Starchild
xxx
Reading the voting resolutions should i be concerned that there is a proposal to increase shares in company by 1,800,000,000 ?
I have been in situations before with aim companies where the directors are willing to dilute at cost to investors as they are themselves compensated with free shares. I can envisage a share fall then a share buy back which will result in my finally owning single digit share amounts !!! Any views would be appreciated in case I have overlooked some benefits ...