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Is this existing for any reason other than to enrich directors?
Still people hold on like addicted gamblers.
Excitement over for now. Hoping for a Christmas present
Hope this means there may be something happening with AAA with ASLR having 24m shares
Enjoying the move upwards over the last few days, but can't see why.
I believe the £300 or so was gratefully received by the company as they handed another 3m+ shares to the directors. Well I suppose it was better than giving them away for free as the directors did the last time as they magically converted 5p warrants to freebies.
RNS - is that 1% of 1p per share or is it 1p?
Looks like Horrocks is buying cheap pound coins. Fresh impetus on DEV and AAA this could be about to skyrocket once again. Interesting buy, and one to watch closely.
BOOM seems to be the start of a long awaited upturn
Dev Clever could sustain , profits for all at less than 20p
Outstanding
A return and upswing here could mean good news lay ahead.
Outstanding
Upped his stake here after upping his stake in Audioboom also this week.
To be fair, I did not have this chap as part of the rat pack. There are a few rats down as shareholders who are far more deserving of this. They are the blaggers, the rampers and the chancers.
yes, probably Bhatti selling off his free shares that he should have paid for.
I was actually wondering if it was one of the rats that got the shares for no real cost.
someone's obviously had enough of the bs and the pyramid scheme involving all those suspended shares and Bonnier hopefully going to clink.
What were all those trades at 4 at the end of the day - was someone dumping big time or is there some other reason?
Should end up removing AAQUA from the equation which should enable all AAA companies to move ahead
…there aren’t more comments about tue cliff that aslr has jumped off! Where is the bottom here? AAA not doing well, BOOM 66% down from highs, Dev not looking likely to relists before Jan 23! Craziness! It’s a brave buyer at these levels!
no no no. I don't think it is not the same. That would be open market type transactions. What is suggested in the RNS is that this was part of the terms of the warrant. If so then this should have been made clear. If the director took up the warrants at 5p that would be a positive thing. What we have now is the company receiving nothing and the director receiving over 1m shares. I think the company thought this was better than the impression the market would take from the director letting the warrants lapse and effectively saying he does not feel inclined to buy any of the shares at 5p. Yeah really positive. But we are all fools I guess.
It’s similar to trading nil paid rights in a rights issue. If the share price is above the rights price they have value. Shareholders often sell enough nil paid rights to take up a proportion of their entitlement. This results in a zero cash outlay. This is what is happening here. The director is effectively selling nil paid warrants to give him enough to subscribe for the balance. This should be seen as positive as he is reinvesting the locked in value back into the shares and holding them. At this level it discounts almost all of the increase in value in Dev Clever which may or may not relist.
I agree. Is that even allowed?
I thought in the accounts etc. these were stated as 5p warrants and that the impression any reader would have is that the director would pay the company £100k to take them up and would receive 2m shares. The previous RNS allowing 20 more business days after accounts published would be a bit of a nonsense if he was always getting them for free in any event. Is it the case that the director was not even confident that they were worth 5p and this new convoluted arrangement was hastily put in place!
Surely I am misunderstanding this?
can't even be arssed to go through the motions of finding the money first. maybe because he doesn't think they're worth 5p... why didn't they just lapse?
he just got a freebie... basically stuck his fingers in the petty cash till. not sure how many more ways there are to milk this company and its shareholders
That RNS does that mean that the director did not have to pay for the warrants? When was decided?
the whole interconnected ball of string is unravelling (except for the fact that Aaqua and AAA have stitched up BOOM. but for holders of the shares, not so much... now the same with DEV and AAA looks nowhere near relisting atm.
Oh Yes I forgot what a business day was :)
Hopefully he will have the confidence to take them up.