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from tomorrow so I'd expect most are holding to retain entitlement to the open offer so this may drop sub 0.03 tomorrow...if you're a holder I would sell tomorrow on the bell at 8am IMO
Why do you expect it to drop sub 0.003 tomorrow?
Presumably because that's the effective placing price based on preconsolidation number of shares, ie 7,5p /250. So that might happen in short term but doesn't take into account the Reynolds magic factor, eg look what happened with optibiotix!
Thank you, i appreciate your reply. Yes, based on the opinion of 0.03 the shares would probably have already taken that into consideration.
It will probably drop straight to 0.03p, you won't get chance to sell above 0.03p so may as well hang onto them and wait until the new consolidated shares reach 50p, IMO.
Interesting, but if the price dropped then i would expect huge buying in the existing Ord.shares between now and the 25th.
Possibly but presumably most people interested in this opportunity would have bought in before today to qualify for the open offer. I know I did rather than wait till after the ex entitlement date has passed. I'm prepared for my existing holding to fall by half initially and then rise over the future months as the newco builds value.
I´ve owned the shares since Feb this year, 10ks worth in fact. How do we qualify or get in on the Open Offer? Sorry for all the questions but i am sure afew people would like to know, every little helps as they say. ;)
Get in touch with the brokers i presume, Beaufort Securities.Tel: +44 (0)20 7382 8300 Sadly i am not in the country at this time.
Not sure il be reading the RNSs later! Presume instructions sent to your own broker nominee so we need to contact them to pass on details to interested shareholders.