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Thanks AJP.
If I read it correctly, J Shaw has the potential to be one of the beneficiaries under the arrangement by way of shares, and he has shown himself to be a staunch supporter of the company (obviously, due to his current position and substantial shareholding).
What is there not to like?
IMHO
Hi Golden
Excellent that FinnCap came back to you.
Think you will find the details you are looking for on the following ( you will have to scroll down a bit)
Tue, 28th Sep 2021 07:00
RNS Number : 1435N
Itaconix PLC
28 September 2021
ATB
AJP
Maybe not that important a matter, but it is good to have the facts.
Now had a telephone response from FinnCap to say Revaluation of Deferred Consideration was extended to 2022, and it was in an RNS. Should have asked for the date as I cannot see what date when scanning through, but maybe wrapped up with other information.
Hmmm: but 3x what it was 12/20! As Mrs M appreciates this is not one for a quick in and out. GLALTHs
I hope you're correct Smart cos the S.P. is a third of what it was a year ago.
I think the share price drift was inevitable when they chose not to raise the guidance for 2022 despite the outstanding H1 results. Until we get further RNS announcements the share price is unlikely to budge. Not that I’m in any rush and I’m sure there will be further positive RNS announcements to follow in the near future
Just tried to buy 100,000 shares, then 50,000 shares and I'm getting "no quote" for both transactions.
Thought I'd take a few more given the spread is v low and the overall business momentum is promising.
Holding 2.1m shares at present and a long term holder
NT for 10K on HSD definitely games being played.
Positive RNS out tomorrow? fingers crossed.
ATB
AJP
They're up to something.
The most you can buy is 25,000 and yet they're dropping the price.
My £6k buy went through at 11:43 and 3 minutes later there was a £20k sale - £20k sale against a market cap of £23m is not a large sell in my book ?! Just manipulation by the looks of it?
Has a larger sell gone through? Appears so from the share price now.
Absolutely. How do you get a drop of 6.8% based on those 4 transactions. LOL
MM's playing games?
Was getting NT for anything over 50K shares, make of that what you will, large incoming at a bargain price?
Very low volume definitely does not help.
ATB
AJP
Selling at this price is criminal
That sums it up nicely Thordon! The revenue growth curve is 5 Years late. And in case anyone needs reminding, a lot of good info in this:
https://cdn.proactiveinvestors.com/upload/NetResearch/PdfFile/2019_04/Itaconix---Gaining-global-reach.pdf
As far as i know the target was not hit and the additional good will not given , but there does appear a share given which in minimal and may be part of lower end of good will.
in any ways it matters not as that period failed , ITX is on the verge of accelerating its volume.
Just 5 years late
Let's hope they can clear this up for you.
Excellent if they respond that you will give an update.
ATB
AJP
Thanks AJP- email sent.
Will advise if any response.
Hi Gold
Sorry I do not know the answer to that one, but if no-one comes back to you here on the BB, I would suggest that you direct your question to FinnCap Investor relations to one of the follow contacts.
Investor Relations
Brittany Henderson 020 7220 0592 bhenderson@finncap.com
Lisa Welch 020 7220 0519 lwelch@finncap.com
Lucy Nicholls 020 7220 0528 lnicholls@finncap.com
Helen Worrall 020 3772 4652 hworrall@finncap.com
Brittany Stevens 020 3772 4653 bstevens@finncap.com
Maybe you could let us know if you get a response?
ATB
AJP
First line should say: .... to 31 Dec 2021
Just been trying to understand the final results statement to 21 Dec 2021:
"Revaluation of Deferred Consideration... As a result of revaluing deferred consideration related to the acquisition of Itaconix Corporation in 2016, per note 17, there was an exceptional non-cash income of $1.6m in 2021, which offsets the exceptional non-cash expense of $0.3m (excluding foreign exchange) from 2020. In addition to the revaluation of the liability the Group issued 1,923,389 shares to certain Sellers of Itaconix Corporation on 12 April 2021 in settlement of the contingent consideration payment for 2020."
Is this now concluded as per note below? I am not sure where the not 17 is which is referred to above - anyone know?
PARTIAL EXTRACT FROM PRELIM ACCOUNTS TO 21 DEC 2016: "The Group issued 6,305,050 ordinary shares of nominal value 1p each as consideration for a 100% interest in Itaconix
Corporation. ... As part of the purchase agreement with the previous owners of Itaconix Corporation, a contingent ... deferred performance related consideration will be payable to the Itaconix Corporation shareholders, subject to the achievement of certain growth targets for the calendar years 2017 to 2020, based on 50% of incremental annual net sales value above $3m in 2017 and in excess of the prior year for 2018 to 2020 inclusive.
The deferred performance related consideration is capped at $6m in aggregate. Such deferred performance consideration, if any, will be satisfied annually entirely in ordinary shares of Itaconix plc "