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Great deal for nft. Satisfied in shares, and will still have healthy cash and other investments we made
K3-if Pluto are worth twice the agreed price & assuming stable markets when the deal occurs,as a reverse takeover the SP of NFT should then rise to reflect the low deal value
I bet PIRI are happy just like Riverfort were. Getting tonnes of money in profit for their positions in an unlisted stock. I don't really like the fact NFT are going to do a massive raise to buy out Pluto which essentially buys out Pires..Riverfort .. Bixby's shares.. ARB which Bixby used to run.. people at Pello who had shares in Plutus pre-IPO .. seems conveniently friendly to those close by but hmm let's just see. Hopefully it makes this a more liquid market and can get somewhere near or above IPO price.
PIRI are speaking positively about it….
https://www.lse.co.uk/rns/PIRI/proposed-acquisition-of-pluto-by-nft-investments-yfez4y04f5ej7hr.html
MrBB
“I hold shares in RGO & PIRI & used to own shares in ARB.
Clearly Bixby & Wall are the prime movers in todays RNS & it will be interesting to see whether RGO & Piri will support the acquisition,which ARB clearly will.”
I hold shares in all three. I would be holding NFT, if I had had the cash.
I wouldn’t support this deal. Pluto is worth twice the price, minimum.
I hold shares in RGO & PIRI & used to own shares in ARB.
Clearly Bixby & Wall are the prime movers in todays RNS & it will be interesting to see whether RGO & Piri will support the acquisition,which ARB clearly will.
Hope this turns out to be a good move, I know that Pello were trying to float Pluto a while back before their troubles and had good interest at the time .. seems convenient that Bixby owns shares in Pluto who he decides to take over lol
Money being raised for the acquisition at 4p which is good as it’s a lot higher than the current price .. but we need to do something about this liquidity problem, no point spending £96m on a company if it trades £960 a day volume