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Bumping up a bit for those concerned of a 'keep the lights on' placing ahoy..
parkez:
Been out all this afternoon, but yeah funny how the trades start again when there's a lull. Seems there has been quite some volume gone through this afternoon and a few trades over on the OTC too,
There we go...most certain way to get the trades moving...comment on it!lol
Looking at the regularity of trades this morning and then none for 43 mins?
investors in limbo?
They may have already. I wouldn't be surprised to see one or several warrant exercise RNSs between now and the end of the year. The introduction of 23.75 million shares into the market might quell anticipated exponential SP rise from the OTCQB listing.
There is already known to be demand from US investors and RP isn't dumb despite what may be thought of his running of the Company since inception, he can get his best price and satisfy the demand for shares in the US.
Our benefit is the ~£1.2 million incoming.
It's good that Nick will be talking to US investors and hopefully institutions. He can perhaps facilitate relieving RP of his warrants and moving a % of the Company into II hands. The most positive move would be to have a greater share of the Company moved out if retail investor hands into II.
I'm thinking... have they already started?
The warrants are 5p.
He doesn't need to sell his existing shares, he could offload through a broker, like District 8 folk did through Turner Pope. If he did so at 15p to him he'll make ~£2.3m and there will be 23.75 million shares or part of to satisfy the US investors.
5p
good point, do we know what the exercise price is? If its fixed at e.g. 8p / 10p then if I were him, I would chill(!) see how the sp does and slowly exercise them to avoid flooding the market.
RP - are you reading this you twat??
sell his existing shares so he can exercise his warrants?
Any views on whether RP may use the OTCQB listing to exercise & cash in some of his warrants?
His 23.75 million have to be exercised on or before 24 March 2020. From his perspective perhaps a 'perfect storm', he can fulfil the coming demand from US investors without causing volatility in the SP by him selling some off.
As with the 5 million warrants for the District 8 folk he could agree to offload all or a chunk of his 23.75 million at say the equiv of 15p (when the SP gets up there) through a US broker.
It's not known if RP would hold all his exercised warrants as this would leave him holding circa 20% of Zoetic and that may not go down too well with the previous history. Worked out as his 12m holding + 23.75m warrants (35.75m) over shares in issue 148.9m + 23.75m (172.65m) --> 20.7%
The great benefit to Zoetic is the incoming of £1,187,500 into the coffers before end of March