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Final Years result due for year ending 31 December 2014. Share price currently 0.35p On 19 March, Zafarullah Karim purchased existing warrants from a third party to subscribe for new ordinary shares of 0.01p in the Company ("Ordinary Shares") for a consideration of GBP20,000 in cash as set out below ("Warrants"). Number of Warrants: 33,315,774 Exercise Price: 1.0p Expiration Date: 31 Jan 2025 The Warrants, which are transferrable, can be exercised at 1.0p only after certain share price performance conditions have been met and certain time periods have elapsed. In addition to the 109,544,785 warrants held by Zafarullah Karim, the purchase takes Mr Karim's warrant position to 142,860,559 warrants, representing 3.7% of the fully diluted outstanding ordinary shares of the Company. Mr Glen Lau, CEO of the Company also subscribed for new ordinary shares of 0.01p in the Company. Number of Warrants: 260,721,118 Exercise Price: 1.0p Expiration Date: 11 March 2025 In addition to the 25,000,000 warrants held by Fulton Capital Management Limited, a company of which Mr Lau is a director, the new grant takes Mr Lau's warrant position to 285,721,118 warrants, representing 7.5% of the fully diluted outstanding ordinary shares of the Company.
Always good to see Directors putting their own cash in. Hopefully I will have some more time to top at these levels. Absolute bargain for the long term holder. GLA.
Encouraging, once again. MM's happy to take on a mill shares; not often you can sell that amount. Something may be brewing, apart from my pot of tea, LOL! Come on AMED!
Nice :) director dealing
unusual to see a trade here
What I meant was in the next couple of weeks, before the tax year, if it drop[s to 0.30p say to buy, I may well top up half mill shares. Wasn't possible today, MM's not willing to buy below 0.34p-ish!!!
davethechef What price can you buy at? Did you post .30? Scargs
No doubt, some of the selling can be attributable to the end of tax year; countering profits elsewhere. Tempted to buy a few more if it allows me- 0.30p to buy at. GLA
Bowood reporting on iii, believes, 'They are due to complete the first build in 5 weeks so I understand' I've found trying to get much info out of Amedeo, difficult. The're not good on giving anything to P.I's. Just possible that news could be close and that's the reason for being so 'tight-lipped'; who knows! If the build so near completion, that would be ahead of schedule I believe, so encouraging. And the delivery and one believes, final payment to Amedeo, maybe due in the summer, plus another few hundred K £ fee from MGR, also. I have no intention of selling, seeing what news appears over the summer, at least. We're due Final Results by then, and progress will be reported by then,plus one hopes, further contracts.IMHO.
Last Friday's RNS gives a very clear view on the company's share price target. 1.0p would do me very nicely. Not surprising there wasn't any movement in share price yet though as there has no been news on actual performance, progress, new contracts/orders etc which are the things that investors are really interested in, still it's a good indication of what the BoD think is likely to happen based on their knowledge of company activities. I also think that AMED has dropped off a lot of peoples radars so it will take some fairly significant news to flag it again to PI's. Still all looking very positive for the future though so my money (what little of it there is!) is staying where it is for now. GLA.
the Friday RNS.. The CEO has been issued 260M warrants at a premium to share price of 1p. The Company's policy is to align directors' interests with those of shareholders by remunerating primarily with performance related equity instruments while keeping cash remuneration low.
and not one trade! Not one MM moved!
The Company's policy is to align directors' interests with those of shareholders by remunerating primarily with performance related equity instruments while keeping cash remuneration low.
:)
:)
I find it incredibly hard to understand why there have been no new orders in 2 years. The inventory of oil rigs doesn't help.Finance for new rigs must be exceedingly difficult and I am not too sure that the second rig has been confirmed to procede on completion of the first.The potential here was huge but with no answers to e-mails,no updates and the shareprice at a low I have reduced my holding greatly over the last month. Will look to increase again if price drops further or an update appears. Have a good night guys.
a few more PI's have got tired of waiting for news. This whole investment lark certainly is a test of one's patience (one of my other holdings WRN - another long drawn out waiting game). Fingers crossed it'll all be worth the wait in the end. GLA
better than 0
Hopefully updates on progress soon... "The steel cutting of the Super 116 E jack-up drilling platform was started in August 2013 in Jiangsu New Yangzi Shipbuilding of the group, keel laying in the slipway of Taicang Yangzi offshore on April 8, 2014, carry out the integration erection, equipment installation and commissioning. It is expected to complete erection in August 2014, main generator commissioning and ready for launch before the end of 2014, after launch before the Spring festival of 2015, start the equipments commissioning and leg uplift test, delivery to the owner in August 2015"
will let you know if theres a movement in share price - currently static
this is going to go through the roof! Well maybe anyway.......just a little bit of info to keep us luke warm at least would be good. come on BoD!
GL today again to ask if the company were likely to provide any updates for shareholders in the near future. Given the lack of response last time I'm not going to hold my breath for a response. A little bit of encouragement from the BoD would do a lot to instill more confidence in these shares but in the absence of that I can only hope that the reason for lack of comms is that they are way too busy negotiating mega deals which, when announced, will cause my investment here to rocket! :-) We can but dream . . . . . GLA! Doc.
somethings up
Well just like Halley's Comet comes round I reckon we are due a spike on speculation shortly.. We are getting lower highs and lower lows all the time so any spike will only be clawing back lost ground. Some news is definitely needed to make this rebound.