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my keyboard is ****ed#...lol
The main question for OO shareholder is.....how many companies do you know where the big boss holds so many shares and is working his arse off 24/7 for himself and fellow shareholds????????????? It's not gopinmg to do his reputation any good if he FCUKs everyone over is it? So sit tight ignore this paltry liitle spin off re. Poolberg (don't forget this does not include any of the prize assets sitting on the books at zero value also ... e.g FLU V, Mosquito vaccine, Smart data etc etc etc etc etc etc etc.....Chill out for another 6 months and have another gin and tonic guys...........
Maybe we should screenshot and email him that quote?
Mr Friel is a chancer and wide-boy.
He does it well, spins well and has a track record ( jack of all trades....).
I don't trust him. Met many like him in Henry Street/Portobello road.
But I'll go along for the ride if I can benefit.
The new shares of course have a value.
Cathal Friel wouldn't be spinning it off if he felt there was no value.
Open Orphan shareholders are really just Angel investors in Poolbeg and Poolbeg will be heavily diluted when cash is being raised.
The new shares are work nothing!!! It’s a non event dear chap.
I am a noob investor but I am surprised that we haven’t seen some buying today just to get some free shares.
I would have piled in here if I heard about it. More experienced investors are staying away as they think the SP will drop by an equivalent amount once issued. My noob opinion is that with all things being equal the asset is already valued at £0 so the SP shouldn’t drop but it likely will as some people are definitely in here just for the freebies. But volumes indicate the SP will likely do nothing and will only react to the results as normal. The results are more likely to trigger the sell on news dudes. CF will pick these shares up and we are on our way to mid 40’s very quickly.
Everybody happy traders/CF and LTH’s like me.
That's how I understand it. But there may be a small discounting when the shares go ex rights, but in my opinion another opportunity to get some more as there are other spin offs and benefits due. May even be a chance of a dividend ... dare I say it?
In my head in regards to the situation.
Nothing happens apart from you get a few free shares worth an as yet unknown amount.
They might be worth nothing in 9 months time. The company might get bought out before the 9 months is up. They company may have a market cap of somewhere between 5-20 million in 9 months time. Nobody knows and it really doesn’t matter as OO is the main event everything else is a entertaining side show. But you can carry on selling or buying OO shares so nothing changes.
Just before play opens on 16th - in effect close of play today.
i thought it was the close of play on the 17th?
I just want to make the point to anyone visiting this board for information about Open Orphan, if you hold at end of play today, you will be eligible to get shares (when they are issued) in a new dividend species. The RNS will come through tomorrow. You will not be able to trade these new shares until 9 months time. But they will be yours.
YOU WILL NOT HAVE TO HOLD YOUR OPEN ORPHAN SHARES FOR 9 MONTHS THOUGH.
You can continue to trade these.
There has been misunderstanding on this point in the past, so does not hurt to reiterate.
(Holders, please correct, confirm or add more detail to anything I have said)
DYOR