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Mr O'Donnell
FFWD have a total interest in EMMAC of 2 Million Pounds Sterling
They paid .30 pence per share and so hold 6,666,667 shares.
EMMAC managed to raise 15 Million pounds through a convertible loan note which has a conversion price of .50 pence per share.
If they manage to convert the CLN at that price it means EMMACS shares will be worth a minimum of 62.5 pence per share.
It means the value of what FFWD own in EMMAC is doubled.
Just looked in briefly. following a tip off.
You were usually pretty well spot on Matador78 about what you said in the past and although we may be old and a little slow, reading what you wrote, (we were told to read the your latest posts as they were of interest), are you actually saying that if Emmac converts the 50p holding, then 62.5p is added to NAV of FFWD or is the Emmac share price worth 62.5p more.
The news either way did not attract much buying interest, so we must have miss under stood it completely .
We look at trades most days and on looking today we fail to understand how the trade at 8.34 was listed as a buy when the 8.34 trader paid LESS (albeit a small amount) than the 8.10 trade although buying around 12 times the quantity , but on the other hand it was still higher than expected if it was a sale. Again we appear still to be at the situation where indicated buys and sells are not reliable as too which they are, as with many other penny stocks.
Apparently you all have been pretty quite with your posts of late, with only posts of interest being generally added, these we have been told about by a little bird.
Also we are led to believe there has been very little abuse and bullying of other posters, which we are delighted to hear, as abuse and bullying of others really is not on, (even with anonymous people), with both of them being stamped out in sport and life in general. We stopped reading the FFWD posts a while back when some of you were well over the top in criticising others in very rude terms as they said things you did not like or you thought were stupid. Items of real interest though have though been past on to us.
Take care all of you and keep the GOOD posts up.
We still aim to sell our holding for a £1 a share. so gradually transferring them to ISA's. Some news will light up the stock for a limited period of time and it is then we will sell most of our holding and rebuy it after the drop from £1 per share. Don't laugh, a lot of you thought it was silly when a drop to under 6p was forcasted.