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Very clear and understandable- thank you
Thanks star, well explained
Best
Ouzo
Star
I agree with that.
My post was to get more informed thoughts on what big Dave posted and how it affects us as shareholders.
It was the 2 share for 1 warrant bit that confused me and if I’m honest I’m still confused about that.
Best
Ouz
1 warrant received for each 2 placing shares purchased. Warrants cannot be traded. Once exercised (at 0.15) they become shares, hence dilution.
My response was to this from big Dave
In addition, 961,538,461 warrants to subscribe for new ordinary shares in the Company (the "Placing Warrants") are to be granted to subscribers in the placing, whereby each subscriber will receive 1 warrant for every 2 Placing Shares subscribed for. The Placing Warrants are exercisable at a price of 0.15 pence per Placing Warrant and will be exercisable until 23 October 2021. The Placing Warrants will not be admitted to trading on AIM or any other stock market and will not be transferable.
If misinformed or I have misread what is being said then happy to be corrected
Deramping stocks is not my thing
Best
Ouz
because all LTH's are still well in profit.. minimal risk, huge potential upside. the fundimentals for the investment quite a while ago has actually improved over time imo. *hugs large mountain of shares bought on the cheap*
LTH WHY ARE YOU STILL HERE
So there are nearly a billion warrants out there at 0.15 at 2/1 shares. So 0.075 a share
Look where we are now, pretty close to it
Can’t see any news until 21 October as it won’t help the warrant holders.
Feel like we are being played now unfortunately
Good luck everyone and this is not a deramp, just a read on what’s in front of us.
I have a great chunk of cash invested here as I believe in it but starting to worry a bit
Please correct me if I’m wrong
Ouz
This is the one from 20 Oct 20. Doesn't this just refer to the warrants themselves, once exercised shares will be admitted to AIM?
In addition, 961,538,461 warrants to subscribe for new ordinary shares in the Company (the "Placing Warrants") are to be granted to subscribers in the placing, whereby each subscriber will receive 1 warrant for every 2 Placing Shares subscribed for. The Placing Warrants are exercisable at a price of 0.15 pence per Placing Warrant and will be exercisable until 23 October 2021. The Placing Warrants will not be admitted to trading on AIM or any other stock market and will not be transferable.
· The Company has conditionally raised £1.5 million (before expenses) through a conditional placing of 1,666,666,667 Placing Shares at 0.09 pence per Placing Share.
· The Placing Price represents a premium of approximately 2.9% to the closing mid-market price of 0.0875 pence per ordinary share on 22 February 2021.
· The Company will issue 833,333,340 warrants to subscribe for new ordinary shares in the Company (the "Placing Warrants") at a price of 0.125 pence per Ordinary Share exercisable for a period of 18 months from Admission (as defined below), resulting in each subscriber in the Placing being issued with 1 Placing Warrant for 2 Placing Shares subscribed for.
· The net proceeds of the Placing will be used to take advantage of investment opportunities and for general working capital purposes.
· The Placing is subject to shareholder approval at the General Meeting on 11 March 2021. If approved, the Placing Shares are expected to be admitted to trading on AIM on 16 March 2021 ("Admission").
· The New Ordinary Shares will represent approximately 12.1% of the share capital of the Company as enlarged by the Placing.
The Company has a strong pipeline of new investment opportunities and the Board believes the net proceeds from the Placing, estimated to be £1.375 million, will enable the Company to be able to take advantage of new investment opportunities as and when they arise. As at the date of this announcement, the Company holds investments in nine investee companies and has cash resources of c.£1.4 million.
Waiting for late trades
There is a vela RNS somewhere which states these warrants aren’t released into the main market, so they won’t have the dilution effect. I’ll find it sometime when I can be bothered
I agree,interesting times ahead
so lets say jn's next play is to get warrants exercised, so sp will have to be in region of 0.18/0.20,
what size of commercial deal will get us to that sp?
100m
200m
300mill, or may 400mill.
because a couple of new investments wont see that level of sp,
and the investers who got invovled in placing to have chance of these warrants must have had a idea of things to come.
i wonder.
myor,
gla
ps this sp has to aleast 2.5 bag from here to even have a sniff of enlargeing the coffer.
Double-edged sword that though isn't it? Coffers are more than ok atm and it'd be nice to swerve the churn and dilution. Update will come when it does regardless.
Now there's a thought.
Next warrants are 961,538,461 @0.15p = £1.44m set to expire on 23 Oct, so exactly one month from now. I am sure JN would like to see some of that action to boost the coffers.
Going to need some exciting news to get north of that SP or another twitter P&D to get some price action.
i suspect there will be some kind of update as vela will wish to hit next bach of warrants of 0.125 i beleive if not expired.
gla
Looking back at the recent article earlier this week, it mentions that researchers will need to undertake further analysis when cellular immunology results become available, before the study results undergo peer review. Could we see a MOU earlier to outline the agreement framework prior to these actions being finalised alongside a formal commercial agreement? Need something to get this SP moving in the right direction.