Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Starfox was replying to earlier point. Seemed to have missed plenty of fluster on the chat tonight
Starfox that comment is meaningless. The CLNs aren’t tradable...the shares that they convert into are.
Roley I don’t think it is ‘clear’ they are not long term holders. Perhaps they have elected to reduce their exposure slightly? Or perhaps they have decided to offload just under 3% of every tranche drawn... the fact is that we don’t know. If Mint decide to screw Vlad then why would they draw the remaining 48mil? Like Vlad said- they had around 6 financing options available to them.
You have to be scared/worried.
It is clear Mint are not long term holders but simply will look to convert to shares and pre sell or sell into the market.
Mint made a profit of £163,150 approx on the sale of the 13m and will be able to convert at will going forward (subject to conversion terms)
So, in effect, the shares now have an overhang of £11.35m hanging over.
They want to convert their £650k into as many shares as possible, hence executing the conversion (i.e. purchase) at the lowest share price they can to get more shares for their money. They did it yesterday because they realised the price per share is only going up from here.
Theoldmoot hope ur right m8 but so many will tomorrow you see i just dont get why now if sp will be so much higher on good news ? If so desparate why loan in first place 1 step forward 2 back isnt it
Theoldmoot hope ur right m8 but si maby will crap them selves tomorrow think we was hoping we would push on tomorrowx1 step forward 2 back isnt it?
What if they go on to convert the remainder and sell at this level?
Haha agreed. Sneaky but not as bad as some are making out.
MICKYC, the shares have already been forward sold so not all bad, it will only go down if people shat themselves tomorrow
Ffs this share is fast becoming a nightmare just wheb we have a blue day they hit with this **** could hit as low as 4 or 5 tomorrow what a c..t
a 13mln trade just showed up there at 6.25
Depends... 12m worth of shares is a lot of dilution. Just need to hope that there is an agreement behind closed doors not to convert them all at SP which exacerbates the dilution.
Can they convert any more of this first drawdown into shares?
Maybe some short term hurt but nothing to worry about.
Jonh - this is not the fee, that has already been done. This is conversion of the loan i.e. instead of £12m it is now £11.35m. There was an allotment of the fee into ordinary shares on 10 February.
Disappointing... so much for Mint being a long term investor.
Only ones who are going to make a mint are Mint;maybe Vlad put out the positivity blog:as Mint want to convert again;but not @4.95 FFS
This is fee only so that is normal for them to get the fee . maybe we down tomorrow little but it will back very soon. Yes they convert 10% lower on yesterday the lower share price over month. .
Shorter take part this crazy and we are share holder lose money on this time. they try hard to push this down and conversion take place into their side. they maybe forward selling so no share left and only 13 millions for what is cost millions CAP . dirty tactic on this Fund and all the main object still money .
Just need to find more funds now. :)
Dragged down so they could convert...well done all those who topped up.
We may get another chance around the 4th.
It's out of the way now and we all know where we're headed hopefully.
Oh damn.. a few scared investors will be selling tomorrow. No worries for LTH's though.
Hemogenyx Pharmaceuticals plc (LSE: HEMO) announces that it has received a conversion notice from Mint Capital Advisors Ltd ("Mint Capital") in respect of £650,000 in principal amount of the Convertible Loan Notes issued by the Company on 3 February 2021.
Pursuant to the conversion, the Company will issue, in aggregate, 13,131,313 new ordinary shares of £0.01 each in the capital of the Company (the "New Ordinary Shares") at a conversion price of £0.0495 per Ordinary Share.
Application will be made to the Financial Conduct Authority and to the London Stock Exchange for the admission of the New Ordinary Shares to the standard segment of the Official List and to trading on the London Stock Exchange's main market for listed securities, respectively ("Admission"). It is expected that Admission will occur at 8.00 a.m. on or around 4 March 2021. The New Ordinary Shares will rank pari passu with the existing issued Ordinary Shares in the Company.
The Company does not have any immediate plans for further drawdowns from the Convertible Notes Facility.
Total Voting Rights
Following Admission of the New Ordinary Shares, the Company will have 454,509,503 Ordinary Shares of £0.01 each in issue with voting rights. The Company does not hold any shares in treasury. This figure may then be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Unless defined herein, or the context requires otherwise, capitalised terms used in this announcement carry the same meaning as those ascribed to them in the Company's announcement of 18 November 2020.
The person responsible for arranging for the release of this announcement on behalf of the Company is Dr Vladislav Sandler, Chief Executive Officer & Co-Founder.