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You’d get better odds on an alien invasion from the bookies than a Nuog relist at the moment I suspect
Can't be much left of the can it's been kicked down the road that many times. Absolute joke!
I'm surprised sick note Jay is still there
Another long yawn and sleep before waiting for the next let down here.
What a joke, you couldn’t make it up. Oh look another delay and extension, I mean how hard was that to predict, answer: incredibly easy. Surprised, not one bit. I mean not even a tiny bit surprised. Good start indeed.
24th of January don't you read the emails from the company
Happy New year
Not yet...your just talking rubbish...the 22nd....Happy Xmas
Good start not
So if this stopped at 0.02 ish and you had an average of 0.5p ( half a pence.. ) then basically you still lost everything on relist?
Well their you go...
A 50% premium seems on the low side. Most RTOS at least X3
50M shares 30k...divide by 40 equals 1.25m x 1 .5 p ..18750K a lot better than a wipe out...and we over time may live for another day
Surely it should have been "booted out" of your ISA when it became unlisted.
If Barclays say it is still in there then they don't appear to be complying with the rules.
Bear in mind cattleman the dilution of approx 76% i believe. Too many ways to try and work it out, so i guess we'll have to wait and see what the relisit price is, new share total, MC etc and see how it plays out.
Given that my NUOG is in my ISA online (Barclays) anyone know how share dealers will handle the new company, change in name, consolidation etc? My hope would be it nicely moves in to a normal account with the new name tradeable on day one. My expectation however, is some long convoluted process where they send you share certificates and you have to somehow get those back in to an online broker to trade and so on.....
If the shares trade at around the 1.5/2p range and you bought in near the end as i did it not a bad result all things considered..lets hope the deal concludes and then we can see the road ahead
Yes they have changed the terms since the first announcement. Obviously, the Stevens wish to reserve shares at the rock bottom price rather then any elevated price they might have to settle for later. Still, its in their interest to ensure that the shares, in those kind of quantities, are marketable and saleable otherwise their retirement dreams will rely on the initial cash consideration which is hardly enough to retire on
The original RNS was silent on pricing. Just said issue of ordinary shares.
Personally I think any reasonable person would have inferred "prevailing price".
I recall being ridiculed for suggesting it may well not be.
Page 119.
-----
The Company has entered into a share purchase agreement dated 2 December 2021
with Teresa Stevens pursuant to which it has agreed to acquire the entire issued share
capital of GBIP for up to £3.35 million. The consideration for the acquisition of GBIP
comprises £350,000 in cash to be paid at the time of completion plus deferred
consideration of up to £2 million of which up to £1 million will be issued on each of
the first and second anniversary of Admission, subject to the 12 month and 24-month
post-Admission closing sales performance of GBIP meeting stated growth targets.
Such deferred consideration will be satisfied by the issue of new Ordinary Shares of
the Company at the Placing Price. Assuming that the Placing Price will be 1p, in the
event that the full amount of the deferred consideration payable in respect of the GBIP
acquisition becomes payable then this would result in a further total of 200 million
Ordinary Shares being issued to Teresa Stevens except that in the event that an issue
of Ordinary Shares as deferred consideration would take the combined shareholding of
the Stevens to 30 per cent or more of the Company’s issued share capital then the
number of Ordinary Shares that they shall receive shall be limited to such number as
will give them a combined maximum shareholding of 29.9 per cent with the balance of
the deferred consideration to be paid in cash. In circumstances where the maximum
possible number of Ordinary Shares are issued to the Stevens pursuant to the
Acquisitions then the combined total shareholding of the Stevens in the Company will
be 244,399,738 Ordinary Shares. However, pursuant to the arrangements described
above their maximum shareholding will be limited to 29.9 per cent of the Company’s
issued share capital so they will only receive that number of Ordinary Shares if the
maximum amount of deferred consideration becomes payable in respect of the GBIP
acquisition and no other Ordinary Shares are issued by the Company following
Admission and prior to the payment of the second tranche of deferred consideration
following the second anniversary of Admission. In addition, a six per cent cash royalty
will also be paid on the net cash received on sales of the Guardian product for a
period of 10 years from the date of completion up to a maximum level of £1 million.
The agreement is conditional on the passing of the Resolutions, completion of the
Placing and Admission. The agreement includes customary warranties given by Teresa
Stevens.
-----
I think that is fairly clear .
Ying Tong
Ying Tong
Ying Tong
"The balance of the consideration for Guardian (and the growth metrics for it are unfortunately unpublished) is potentially 200 mln shares since it will be paid at the placing price not the prevailing price. However there is a silver lining in that her holding will be limited to 29.9%. Any excess paid in cash instead"
My reading of the original RNS was the further placings to the Stevens would have been at an average of the market price over 30 days, and not as you suggest at the initial placing price on re-listing'
I dont think your correct in your assertions, but am unable to view the current prospectus, only a synopsis on the company website which does not mention the detailed terms of the placings to the Stevens.
I guess on 22nd December when it opens for trading the question is answered.
They have restructed the debt - all of it - within group for approx 80m shares and 75m warrants (which will raise 750k on exercise). That's a good outcome. Shame on Nigel Burton for not seemingly offering any reduction on the debt to him (which I assume was fees).
This should help shareholders substantially in the success case going forwards. It actually considerably helps offset the dilution caused by the new shares.
All the other deferred fees are being dealt with by warrants, potentially another 45 mln shares.
The balance of the consideration for Guardian (and the growth metrics for it are unfortunately unpublished) is potentially 200 mln shares since it will be paid at the placing price not the prevailing price. However there is a silver lining in that her holding will be limited to 29.9%. Any excess paid in cash instead.
Unfortunately it doesn't detail any expectations in forward performance. But it does detail why the Stevens stepped down as directors for a few years.
Overall they do seem to have got a pretty reasonable deal for existing holders. The next year will be key, they can get through that by their figures. But they will need to generate free cash flow 7 times greater than guardian has managed for the last couple of years to get through the year after with no further funding.
Fifteen million initially sounds about right. Its a niche business but has scope to widen and its in a market with few, if any competitors. Added to that the growing threat of piracy and its bound to attract interest by those who could not get stock at the placing. The placing, as I understand it, is not open to the public, so you cant just buy it, and even if you could, your unlikely to get all of the stock you want. 3p on the opening looks likely possibly moving up to 4-5 p in a few months. Overall in 2 years I am thinking 10p Plus
Taxi,
LMFAO.
Basically what you believe - and I absolutely agree it is possible, I just think it is amazingly unlikely - is that they are going to raise at 1p (they have indicated this, though the prospectus gives a range) and it will immediately trade at 2-3p.
They are already paying a high price (around 17.5%). Doesn't smell of people clamouring for it (and if they were they would reprice).
Apparently I am talking it down to buy cheaper. But surely if I believed it was going to open significantly higher I would just buy the placing, sell and pocket a tidy sum.
To put some context on your figures. They raise 2m. To buy guardian. There is 400k of this "free" for business development.
You add this to a 1m ish enterprise and it is miraculously worth approx 15mln on listing.
More than a little doubtful.
But we will know for sure in 3 weeks.
As I have always said, I expect it to open at a modest premium for the existing equity holders.
They have done well with the dilution though. Less than I expected. Which is some comfort.
Erm, but there is news on a relisting tho!???
I dont have to do anything but to humour you its clear its relisting and its clear that those not in are seeking a lowish entry point so they can get in near as possible to the suspension price. Personally, I dont that it likely as RTOS usually come back X3-5 at a minimum and sometimes a great deal more. The fact that they raised 2 million GBP at 0.0025 suggests that is the rock bottom and its likely to be at a multiple of that when it refloats in the next couple of months. The hard part is over in terms of LSE approval and funding. I am quietly confident that a nice earner awaits.
Trying to get back in cheaper??? to a suspended stock, you’re going to have to explain this one to me, being as there is no apparent news on any potential relisting to date,