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for kronologica for that matter...as i read from somewhere they are marketing their products in england currently any factual info would be greatly anticipated in here, it bothers me that no such info was available in the admission document, but they cant have zero customers as they stated they will expect revenue from meetingly and kronologica from august...
how many have subscribed for meetingly
I believe Bloch was alluding to management "off the record" aims in the long term. Ie 50 million at 8p to 400 million at 1p allows massive dilution capacity to work with
I have read the paragraphs on page 12, the arrangement is different to what Bloch is saying , again his little twist on the convertibles
Page 12 Convertibles - read carefully
Bloch actually makes a point on the 400 million at 1p. That's a hell of a lot of cash by way of convertibles
i am looking now to see if i can collaborate his claim-so far nothing,
Shukan, thank you for clarifying that. I'm sure bloch was in a hurry and will retract his statement.
Page 11 paragraph 4 nothing about 400m or shares at 1p
Shukan, I have read that when released I known it was 50 mil + 7 mil for extras but I can't remember anything to do with a further dilution to create 400 million shares at 1p. If that is a complete guess/opinion then bloch should state that if a fact then I will stand corrected.
Page 9 of the admin doc outlay the Key Stats-
bloch before you go I have just read your second post, where did you get the 400mil figure from please. Was that in the admin Doc?
bloch, please don't presume because I don't write paragraph after paragraph of information that I do not understand what the consolidation is about. Whether people see it as a positive or a negative is personal choice. What annoys me is the uneducated derampers attempting to use the number of shares in issue / consolidation as a method to talk this share down. I am pleased you didn't reference Darwin in your post as its clear they are almost done I do however agree there will still be outstanding debt with the RTO which will have to be managed.
50 million shares at 8p there is no liquiditiy for the shares to be traded. Multiply that by a factor of 8 and you get 400 million shares at 1p. That is is the dilution that BGL are aiming for. 400 million shares provides a decent amount of liquidity for an AIM stock not 50 million. Speak Later
MilkyWay/Washer You both fail to understand what the consolidation is about. From 15 billion to only 50 million is a huge drop in the number of shares in circulation. A similar drop will take place in the number of shares you hold. If you are holding 50 milloin today you will only be holding 18382 on consolidatoin. The purpose of the consolidation is not to create a shortage of stock so the shares race higher when BGL announce contracts. The purpose of the consolidatoin is to give plenty of leeway to raise much needed working capital by way of dilutions and discounted shares. Those of you who have bothered to read the admin doc would be aware that there is dilution to come for several reasons. DJFT are owed money. Capressi are owed money. The RTO is stil to be paid for. BGL will list with no revenues and net liabilites. Few shares do not mean better shares. What is best one lump of warm dog turd on street or four lumps of warm dog turd on street. The smell is the exactly. same.
I get it :) Darwin wont be here too much longer, watch the volume and size
That is correct and with 50m shares once converted and RNS,s from Bos Global all new ball game , the trouble is not many get it because they can't be bothered to read the admin doc
matlot, This isn't as straight forward as a usual consolidation it is the start of a new company, in my opinion this will increase in value once Darwin is gone, consolidation completed and BGL formed. This can not be viewed in isolation, it needs to be viewed as a whole package, that is why I expect a higher price to be paid after consolidation.
Precisely
So what? I could say that about easy jet/ oops just have
Everything on my HL portfolio watch list is up, except ONE SAREUM UP IOFINA UP TAYLOR WIMPEY UP LLOYDS UP TESCO UP SAINSBURYS UP UKOG UP Etc etc etc FTE down 17%
Graham after the rto page 13 http://www.forteenergy.com.au./files/files/527_20160722-Forte_Admission_Document_FINAL.pdf
when I look at the value of the shares on consolidation day - only to realise the shareholding has yet to take effect
Treat yourself and wait for the consolidation, once only 50 mil shares in issue you will be the victim of the spread and pay more but good luck on your decision.
Worthless at these levels lol you can buy loads for a fiver lol