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RNS of 28th May regarding collaboration of WiseMpay.
Consideration for the Agreement
Payment for all the software and services to be provided under the Agreement will be satisfied by the issue of 100,000,000 new ordinary shares in the Company ("New Ordinary Shares") to Wise MPay, subject to the approval of the issue of the New Ordinary Shares by the Company's shareholders at a General Meeting to be convened in due course. Additionally, in order for the Company to issue the New Ordinary Shares and for them to be admitted to trading on the Standard Segment of the Official List and on the Main Market of the London Stock Exchange the Company is required to publish a prospectus approved by the Financial Conduct Authority ("FCA"). The Company has commenced preparation of the required prospectus, which will be submitted to the FCA for approval in due course.
The recent placing and prospectus was the " in due course ".
The share capital increased by 241m shares total. The 100m for WiseMpay and 141m giveaway at 1p.
Try reading the prospectus and the latest RNS and it confirms it.
@Rtech I think I have doubts with that statement.
100 m shares for wisempay once successful on API
140m Shares for capital raise.
I hope wrong and more than happy to go with your statement .
Best wishes schalf
The 100m new shares were included in this placement and were already known about in the public domain.
They were to Jack Bai's company WiseMpay as per the RNS.
Schalf
I can see a steady trickle downwards, then its just a case of knowing when
@egypt I don't think you are going to miss out chap.
At the moment China rocking the boat and one of its companies is making waves. Not only this , you have another placement coming of 100 million shares.
Admittedly in 4-5 months it be better but for now we have to experience pain
Best wishes schalf
Overvalued at the moment with all the new shares in my opinion.
Not sure what you would like me to write on here. I'm not getting into a tit for tat, so you have a good day.
Interesting reply Zag, what you don't say says a lot more about you than you think...
Novice
Nothing wrong with setting a target and if I miss out then so be it.
It's been 10 trading days since the placing, so I'm not sure if you'll get your 1p, Zag. Most sellers are likely out now. I think they've timed the placing just perfectly for news of the API, which could land any day IMO. Friday was a blue day so let's hope that continues. As always, DYOR and good luck all!!
Zag why not wait for 0.99 or 0.98 ? What’s the point!!! Loving your ever so slightly negative spin. I’m sure you bough in all the way down from 2.5p like the majority of us… in a year’s time as has been mentioned before this price will be history
Really not sure which way this might go next, but if it's down, it won't be a lot on my opinion.
Topped up a little more today.
Well lets hope you never get it.
Once it reaches 1p I shall have a nice punt
I think they were admitted to the market on 13th Sept. Some strong buying today, hopefully hear some good news soon, not just on API but the other developments outlined in the prospectus.
Looks like they don’t want to launch those new shares until they have got some good news to go with it. Let’s hope so