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Extrader, I'm not interested in your psychological profiling of me. Read Jonathan Livingston Seagull. As for Davinder and the BOD, I think they need to look hard and long in the mirror!!!!!!!!
Suggest that you read 'Games people play' by Eric Berne and have a look in the mirror.
You fit one of the pathologies to a 't'.
ATB
Extrader/T's&C's.
Thanks for those words of wisdom you clowns. The next time I'm looking for advice on all things HELD I will consult with my crystal ball or better still ask someone like Bernie Madoff, as I'm more likely to get answer somewhere near to the truth, unlike your ridiculous suggestion! JMO
.."As you already know, they wouldn't respond to a private investor question as they are under no obligation to respond to such questions..."
Grow up, man!
You started by wondering .."How can the RNS have a mistake that large in it without a correction.."
If you agree that they've made a mistake 'that large', they'll likely want to correct it - if only to protect themselves.
Get off you a*se and pester THEM - not this board.
Then, by all means come back and complain here. OTOH, you might actually get a reply, which would have been (more) productive use of your time
Sheesh!
Moniman why do you have to revert to acting like a child?
I would assume that Bernie Madoff would probably have provided a more honest response to any questions I may have regarding the terms of the loan don't you think? 🤔
As you already know, they wouldn't respond to a private investor question as they are under no obligation to respond to such questions. As for what was stated in the particular RNS, it appears to be an untruth? Also did the person who's loan was paid back last year given certain information that was acted upon prior to the Riverfort loan being negotiated? JMO Adyor!
Rather than repeat a complaint here - to which seemingly no-one , certainly not me - has a definitive answer, why not take it up with HELD or its advisors ?
https://www.hellenicdynamics.com/investor/#s5
Pls let the board know what - if anything - you're told.
Re Extrader...
".."I thought that the principal loan (450k) and the interest on the loan could be repaid in cash or converted at 9.884p per share, so why has 90k loan and interest been converted at 2.34p..."from your link, it looks as though the ref to 9.884p in loan repayment terms is a mistake and should have referred to the 40% premium over 5-day VWAP for the Warrant pricing, in the line item below."
How can the RNS have a mistake that large in it without a correction , it quite clearly states ......"........The principal and interest of the Facility are payable in cash or can be converted at 9.884 pence following approval of the Circular........The splitting of the First Advance and the Second Advance provides capital optionality for the Company, and the granting of warrants at a 40% premium to the applicable Reference Price shows confidence from the Lender in the Company.........." as per RNS 26th October 2023.
there a vast difference from the loan being convertible at 9.884p compared to 2.34p which Riverfort decided to do?
From my lack of experience in the market the sp go's down when raising loans for working capital ,
which makes you think are they vunrable to shorting ?
Which way is the trend?
They paid back because the investor saw how things were going , saw that taking shares wasn't likely to work out, took fright and asked/insisted on getting his cash back (read the RNS closely).
HELD 'obliged' ...and dressed it up as something it was happy to do because of the cost savings it had made.
Then promptly had to borrow afresh, because err...cash was tight.
Is this a kinda Ponzi Scheme? 😳 why did they pay off the Convertible loan back in July, was there something going on back then to favour insiders? 🤔
.."I thought that the principal loan (450k) and the interest on the loan could be repaid in cash or converted at 9.884p per share, so why has 90k loan and interest been converted at 2.34p..."
from your link, it looks as though the ref to 9.884p in loan repayment terms is a mistake and should have referred to the 40% premium over 5-day VWAP for the Warrant pricing, in the line item below.
Whats going on?... why did the company pay off Rami Ajami's £375,000 ("CLN") back in July 2923, that would have been convertible at 30p (post consolidation I think?), only to then borrow 450k from Riverfort on worse terms?
https://www.lse.co.uk/rns/repayment-of-convertible-loan-note-e3feofv6pcddrlg.html
As for today's RNS..I thought that the principal loan (450k) and the interest on the loan could be repaid in cash or converted at 9.884p per share, so why has 90k loan and interest been converted at 2.34p. JMO ADYOR!
"........The principal and interest of the Facility are payable in cash or can be converted at 9.884 pence following approval of the Circular........The splitting of the First Advance and the Second Advance provides capital optionality for the Company, and the granting of warrants at a 40% premium to the applicable Reference Price shows confidence from the Lender in the Company.........." as per RNS 26th October 2023.
Read RNS in full....
https://www.lse.co.uk/rns/mezzanine-loan-and-posting-of-circular-rbqsnndk5v9r9nn.html
The CLN was forward sold so i don't expect that to affect the price now, thats already happened from 3p down to 2.5p
Bit of end of year tax selling but the future is VERy bright for HELD. Finance deal imminent and this could do many bags from here