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I honestly don't know - given there's skin in the game here I would have thought he'd not want to dilute himself out... it wouldn't make sense for him to do so.
@Jace, so what is your thought regarding funding alternatives?
My thoughts exactly kajo - this isn't going to be a bod lifestyle share like many others. As I've posted in the past its not going to be a bzt/euz where the likes of CB or LR take 100k a year for doing squat. A 100k salary isn't in the interests of someone with such a high net worth.
This is the share of 2019 ! Just hold and u will see it keep bagging and bagging, u don’t see a billionaire coming on aim with assets as he has, mcap of this will be multiples that nobody can’t even put a proper guess
No dilution, if yes it will be at a premium. Personally I think it will be RTO at approx 1p. Shares will then be consolidated at 50-1. So we end up with 100m shares at 50p. Plenty of room to grow to £1.5/£2 Ofer time. Guys seriously if people are sitting on 50m shares you are lucky this could make you a millionaire in a couple of years if not sooner. Some of the shares I have had over the years and sold early. This is a keeper.
All depends how much cash we need. We already have over 5bn shares in issue that’s £3m cap at 0.5p. So we are heading for 10bn shares in issue minimum. Maybe a plan will be to consolidate the stock to a more reasonable level before they place or we’ll be diluted to buggery.
Might even be sooner than that. Paperwork was prepped a long time ago when it was previously attempted. With knowing that one of the bod goes the end of the month there's every chance it could be by then or early May. The only other thing we need clarity on is their funding method based on the last rns - good thing for sure is that we know it isn't going to be a discounted dilute all placing.
In terms of the process of an rto these things don't happen overnight, I think if they announced one tomorrow you'd still be looking at least 6 - 8 weeks for shareholder approval and paperwork. But in terms of share price reaction, that would happen much sooner once announced.
The last RNS stated "in prudent haste". Pretty much the best we can get for now.
Any ideas on timeframe for RTO?
Degsy, nothing like WDC. No CLNs, no death spiral. Clean shell with a large holder that holds some interesting co's. Slowlyslowly - spot on with that. As they'd announced it they needed to safeguard the name so that it could be passed on to Co No 06133765.
https://suite.endole.co.uk/insight/company/11866527-931009-limited
Martin Lampshire, Non-executive Director
Martin started his career in Lloyds Bank's Commercial Services division in 1989 after completing the ACIB qualification.
He has over twenty years experience in Corporate Broking, working for a number of city based firms including Teather & Greenwood, Charles Stanley, Hichens Harrison Stockbrokers and Daniel Stewart Stockbrokers.
He has assisted many companies in a variety of equity raises including IPO's, secondary fundraisings, vendor and private placings across a variety of sectors. He has also worked in a number of overseas financial centres including Hong Kong, Singapore, Kuala Lumpur and Dubai. Martin joined the board as a Non-executive director on 14 January 2019.
BOD
http://www.photonstarled.com/investorrelations/board_of_directors/
Change of name 9/April
https://www.investegate.co.uk/photonstar-led-group/rns/shareholder-update/201904090700054975V/
Following the passing of Resolution 3, the Company will change its name to Bould Opportunities plc, and it's TIDM to BOU.
The Company will further update the market when these changes have been affected.
For further information:
PhotonStar LED Group Plc (www.photonstarled.com) +44 (0)20 3198 2554
931009 Ltd - 1 Director
Martin Lampshire
https://suite.endole.co.uk/insight/company/11866527-931009-limited
If no news on Monday yet I am topping up, this can bag on news alone
Only took a small punt on this in the 0.01s. Took out my initial buy in yesterday afternoon. All i've been thinking all day is.....why? Everything looks in place for a super RTO, god knows where the SP could be come the bank holiday next week. GLA
Could you summarise the relevant part of the WDC story for those of us not familiar with it?
This is WDC all over again. Aim at its best peeps take advantage but don’t babysit of course ;).
This was PSL: https://beta.companieshouse.gov.uk/company/06133765, name now changed to Bould
This was registered as Bould: https://beta.companieshouse.gov.uk/company/11866527, name now changed to 931009.
I'd guess they need to change the name of PSL to Bould, but registered Bould as a new and dormant company before the shareholder resolution. Otherwise, someone else could register a company named Bould, and then Companies House could have refused the name change of PSL. ... Maybe.
If that's the case, the dormant former Bould is now redundant, so it's been renamed out of the way to free up the Bould name
1p
i don't understand why they have changed the company name from BOULD OPPORTUNITIES LTD to 931009 LIMITED on the 10th April.
anyone shed some light?
thanks
I do think on RTO and all news done and complete a penny could be achieved here. When it lands and more information on the assets and business development plan can be put out there that will then drive the SP...
re-previous post.
If OXB could trade up to a high of 18p before consolidation of 6.2 billion shares, then it is possible that we may not do so either until we are at least trading in the lower pennies but we won't know for sure. Depending on the m/cap and projects of the new RTO ie if it is either Scotia Exp or Coeur Gold, then a reasonable expectation of 1p - 3p could be achieved within a year And will depend largely at which stage of exp/prod and cash flow / cash burn / cash in bank.
Either way, we have a billionaire to prop us up for starters.
https://suite.endole.co.uk/insight/company/11435499-coeur-gold-holding-ltd
http://www.scotiaexploration.com/people.html
These three directors sit on the board of BOTH Scotia and Coeur
Mr Aaron Douglas Manuhuia King
New Zealander • Director • Company Director • Born in Sep 1978
ACTIVE
Mr Antos Jerzy Glogowski
British • Director • Company Director • Born in May 1949
ACTIVE
Dr Paul Thomas Dougan
Towards end of this year,imo. However that is without consolidation, which can come at any stage after RTO at possibly 50 for 1 at around 0.5p ie half a penny. BUT lets get to half a penny first.
Good examples why we shouldn't worry about a future consolidation.
a) Currently we are all invested early so by the time we do consolidate the sp should be much higher.
b) My favourite example is to quote OXB. LAST YEAR on good news the shares were trading at 14p. Shares in issue were 6,200 million ie 6.2 billion. The share price moved steadily on news from 2.5p to a high of 18p. Then came the 50 for 1 consolidation, which meant the new sp went from 14p to 700p and the share price went up to £10.30p. Shares in issue are now 66m.
c) IF you are in early then you will have a massive advantage over future investors that 'may' still see real value at 0.5p to 1,5p...even if consolidation looks likely?
What is your timescale for this price?
Yes a great end to a week that started badly, after taking a kicking on Debenhams.
Have a great weekend all, looking forward to the next chapter.