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.."People are clearly forgetting the 1m EUR loan over 15 years at 3.5%, this is accessible in June.."
H75/IG
We weren't told when this loan would be available when it was first announced in April, we learned of the midJune target date only after the emergency placing a fortnight later :
.."The proceeds of the Placing will be used for general working capital purposes up until the €1 million loan facility, announced by the Company on 22 April 2024, is received by the Company, which is EXPECTED to occur during mid-June 2024."
Then last week we learned this, about the earlier Riverfort facility ($315K principal + interest still o/s) :
.." Under the terms of the [Riverfort] Facility, the Company was required to maintain sufficient headroom in its share authorities to be able to satisfy the outstanding balance of the Facility by way of the issue of new ordinary shares in the Company, if not repaid in cash."
HELD has implicitly acknowledged that the Euro 1 m loan may not arrive, or may not arrive in time, because it has agreed [= been told by Riverfort it MUST] call a meeting 'to be held no later than 9 August 2024 [ Ed.: ie 90 days grace] in order to seek to pass resolutions to grant the necessary authority free of pre-emption to enable the Company to meets its obligations, unless the Outstanding Balance has been paid in cash, pursuant to the covenants in the Facility and to provide the directors with suitable capacity to allot shares as required from time to time..."
In plain English : HELD is calling a meeting [at Riverfort's insistence, my guess] to get authority to issue more shares in case Riverfort isn't paid off by the Euro 1 million loan.
Riverfort clearly doesn't share your confidence that the new loan will come through.
Now ask yourself : why would a new lender agree to disburse (unless unavoidably required to do so), when 1/3rd of its money would be going to pay off another creditor, not to be productively invested in the business ? And - given the visible, known uncertainty - why would an insurance company agree to be on the hook for Euro 1 million for a measly 25K insurance premium?
'Splain that to me like I'm a 7 year-old.
GLA
This isn't a big fat Greek wedding, it's gradually turning into a big fat Greek scam don't you think? Oh dear never mind, where have all the rampers gone?
Two things guaranteed in life:
1. Taxes
2. Investing genius calls it drastically wrong lol
On a hot summers day the lemonade salesman arrives just in the nick of time for some parody gold . Do us a favour and go ramp elsewhere
A big fat C.O.N. don't you think?
Some buying interest now. Maybe we've seen the double bottom. Lots of room to run higher if Davinder can deliver something of substance
People are clearly forgetting the 1m EUR loan over 15 years at 3.5%, this is accessible in June. RF will be paid off and terminated. A positive business update and suddenly everything could look far rosier
Wrong again. It's colser to 1.5p.
I think if this company was listed on one of the main exchanges in the USA the SEC would be looking into it considering all of the statements and dealings going on in the past 12 months that have resulted in investors from the IPO losing over 90% of their investment capital. The UK FCA are a complete was of time that is why companies are leaving the UK in droves, it's so bad the chancellor is panicking. JMO Adyor!
https://www.standard.co.uk/business/london-stock-market-shares-crisis-new-york-financial-centre-city-exchange-lseg-fse-100-b1147995.html
Raj a lot people are waiting for you to die before returning. Please just think about it.
Lol, handgandhi and a few other rampers have suddenly changed their tune now they realise they've been had by Held management...no rules on LSE, it's as bad as AIM..no wonder hundreds of companies are quitting UK listings...the LSE exchanges are finished imho.
https://www.bbc.co.uk/news/articles/cl5k58x9g83o
I agree with you Magoo.
Such a convincing pitch from our CEO, but no apologies for his failure to deliver.
Promises broken, as is my faith in him.
I think you are underestimating our genius advisor...May I present Investing Genius and his amazing crystal balls 🔮 🔮 ...
If I wasn’t down 86% - I’d laugh, I have no confidence to average down - this is going all the way to the receiver - I hope I’m wrong , walking out at 50% down would be a bonus ?
For proof that moron has no clue what he is talking about ,just read through his nearly 20k of posts and see how many came to fruition. If he was to believed the ceo if Pfizer was having tea with held while watching the Sept harvest being weighed all while rf was being thanked for such favourable terms and not diluting the sp . He is a ramper who would drink p1ss and tell you its sweet lemonade
I'm hoping IG is right & this is the bottom, have finally managed to average down to 3p on this dip :)
3p next ;)
The real question is: which level will come first, 1.5p or straight down to 0.6p?
Investing’Genius’ picked another cracker 😂
To be honest i was quite encouraged by the RF deal announced yesterday. It stops any conversions or further dilutions until at least September, and in the meantime the plan is to pay off and terminate the facility when the bank loan lands in June.
So if that happens i'd expect a huge rerate from these levels
Just to add...the Share Price doesn't drop by over 90% in just over a year if the market believes all the positive statements from a company. The SP to a large degree is a reflection the market puts on its confidence in the company and how it is being run by the management team, so make your own minds up. JMO Adyor!
Let's get real. This is a small punt for me from recent lows. The reason I'm being very very negative is just because in my humble opinion, investors have been potentially mislead to some degree by the statements coming from the company in regards to its finances for more than a year amongst other things. This isn't a real problem for me, but some PI's may not have the funds to lose when they thought the company was making lots of positive statements regards financial position and crop cultivation etc. As per my previous comments, make your own mind up, but to many rampers on here (long since gone) have added to the nonsense coming from the company. This is just my opinion but do your own research and read all of the RNS's especially those regarding the healthy state of the finances and not wanting to dilute existing shareholders etc. JMO Adyor!
" The news and price will do the talking in the weeks and months ahead..."
As it has up to now.
But you've consistently misread/ misunderstood the news.
Can you really not see that YOUR talking hasn't been helpful?
' A period of silence for reflection would be welcome'
AFAICS
GLA
Best to ignore him. Impossible to have a sensible discussion with that moron. 24/7 trolling. Its embarrassing
Moniman you are trying very hard lol. VERY hard to deramp anything even slightly positive.
Interesting... There was a 3 day window where you suddenly went into ramp mode. But you sold i guess and then reverted back to deramping
You must spend every hour of every day on here. Quite depressing and funny at the same time
Ultimately what we say on these boards have very little affect. The news and price will do the talking in the weeks and months ahead
Yes we all know that these rampers like Investing Genius have been selling all the way down from 30p. The company appears to have been less than clear regarding financials and crop planting etc (to put it mildy). I'm still wondering why the guy was paid off in cash for his convertable loan of £375K last July considering the perilous state of the finances ever since then? Also why did the largest shareholder bail out weeks before issuing a TR1? Did these individuals know something that was share price sensitive that wasn't in the public domain one has to ask? Regarding the repayment of the £375k loan, this is what was said by the company in the RNS dated 6th July 2023..........Davinder Rai, CEO of Hellenic Dynamics, commented:
"Given our concerted effort to preserve capital and build a platform for growth for shareholders, as per our announcement dated 6 June 2023, we have previously made significant savings in the procurement of construction and equipment, thus we are in a position to repay this CLN without any dilution to our shareholders. Further to the Company's previous announcement dated 13 June 2023, the Company has also made an application for two grants both domestically in Greece and at EU level along with entering into advanced discussion with a well-known financial provider to support the acceleration of our contract cultivation PODs by way of a capital financing instrument." ........
Here's another Question. How could the company say they were in a secure financial position without any dilution to our shareholders in July when a few months later in October they had to go cap in hand for another loan 'The Mezzanine Loan' 'with apparently terrible terms and conditions attached and then subsequently the company sought more loans and had to issue new equity to Riverfort at 10% of the IPO price and again another new equity raise at 2p in the past week or so?. That doesn't sound to me like a company with sound financial management looking to protect shareholders interests does it? JMO ADYOR!!!!
https://www.lse.co.uk/rns/HELD/holdings-in-company-uemjcxdpde4vpx0.html