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https://www.investegate.co.uk/napster-group-plc--naps-/rns/full-year-results/202106280700122369D/ sorry pages aren't numbered ,but it's s7, share options and warrants.
Thanks Italian - can’t access the data so happy to be corrected
Strangler is a professional troll, if that's not a contradiction in terms.
He invents problems, just so he can spout off nonsense on here, all tarted up to try and appear intelligent.
mr h, matchett and han**** each have11,537,725 options @1.1p exercisable by16/5/26. that's 11.5 million not(fortunately)billion,so fairly insignificant.that was the position at 28/12/20 .happy to be corrected if im wrong.
But they'd have to buy them AT 1p... which would then put that at the market price. worth investigating to see... as long as one can convince oneself that's the future...
I can’t check but think it’s around 1p - not sure how many remain unconverted or not, but would make sense to convert at these low prices (unless I’m way off and confused)
i stand corrected. apologies for my error. so, if you have that information, can you say what their strike price is?
*do
AM and SH have approx 11.5b outstanding share options / warrants, so they not? Or is that not the most up to date position
The only way that'll happen is a transfer from one ii to another and, if there's some grand plan they're all aware of, why are they going to sell then to each other at 80% loss?
The only other way to accrue new shares is for a placing and, as already stated, at this level the price would be so small as to smash the company.
Only way to 'gain' new shares is to consolidate so there are 50% fewer shares in existence and then place again. But that trashes the value of all existing shares which, again, unless you're in the driving seat, makes no sense.
There is logic in saying it'll go private and the debts will be lost but how on earth are all these 'clued-up' ii's going to allow that to happen.
The gameplan, such as it is, is unfathomable to pi's as noone spends a year on redeveloping a company without any noise, allowing the sp to tank, unless you're either convinced it'll boom or you fancy the assets for yourself... or you've all just been hoodwinked.
It reminds me of CTAG, for those with longer memories.
Still, all will be revealed eventually. I'd just say don't throw more money into this averaging down until you have very clear signs from BoD that a resurrection is due (and I don't mean a year old AD.