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Jmfs1. Thank you, a voice of reason and I concur. Company is in a much stronger position today than a year ago. Plenty to play for now and I expect management want to ensure all the right boxes are ticked, progress is made for flawless delivery. Matchett and Co seem to be playing the long game, leading to a big prize, and not settling for seconds.
and don't forget some of those warrants are only exercisable at a higher s/p that the current one.
The shares were diluted by a massive 0.4% today. If all warrants currently outstanding are exercised that is a dilution of circa 5%. I think it will be OK.
Personally I don’t think this company will break from the manipulation of their sp for many many more years to come
Wise words, thanks jmsf1
Is is good post and says to me that everytime the sp goes up the shares will be diluted.No different to what I am saying just a lot more words.The only offensive remark today was by Petebo the positive posterThe man who tells it like it is even when it isn’t.All imo.
Great summary Jmsf1.
JMSF1. Good post.
Someone with their head screwed on.
Jmsf1
i must agree , very detailed post and very much appreciated . all of the LTH pretty much agree with all of you points :)
Wait for it jmsf1 - a decent well worded, and thought out post, will be picked about by the idiots on here.
I for one, thank you for your sanity.
good afternoon all,
i don't often post, but felt it appropriate to do so today.
the volatility experienced late last week and today is certainly giving rise to a lot of animosity and speculation, trying to get to the bottom of everything, which is never possible; note 23 in the accounts are there for all to see and pages 42-46 are clear in their layout of options and warrants; they may not give the names of all the holders in detail, especially as some of them are not granted to directors/employees, but also to business partners etc.
the rules to exercise are precise and overseen by the board/advisors, within the windows allowed under stock exchange rules (close period etc); as they are not listed, the decision to convert must be submitted for approval and, what the holder the does with the shares is very much their decision and possibly affected by their tax position.
it is my understanding that any options/warrants that are vested and in the money may be exercised at the option of the holder anytime up until the expiry date... a good /bad leaver clause may affect the numbers, perhaps why some have lapsed.
for my part, i remain heavily invested and giving this time to come through. the company has come a very long way and is in
quite a sweet spot ; it has shown the ability to execute and negotiate with some heavy hitters. the negative value ascribed by the market cap is below total sums raised to date, which seems bonkers when considering where they are and what they have achieved.
i understand and at times share the frustration with the share price and news flow, but this is a complex business with many moving parts and i believe they are very much focusing on the business aspects; this is not a short term punt anymore and it holds very serious potential as they have showcased.... it just may not be in the time frame some want and no doubt further options/warrants will be exercised, it is part of their capital structure to secure financing and quite possibly more may be required. the institutional shareholders they have on board are a very switched on group and tend to be long term; no doubt they have done their due diligence and are being kept in the loop. With a potential notion to list on Nasdaq at some stage (where a significant valuation uplift is probable), i do not thing the board will risk any screw ups in their process and if/when eligible a move away from AIM is a possibility, which may also depend on tax positions, as aim does offer some big breaks.
some are sitting on profits, many try to trade it, many are sitting on unrealised losses and having perhaps over invested (like me) get rattled at times...that is the market
remember, more often than not the serious money is in the waiting