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Hammered again new low
Yip emailed Mac again a few weeks ago- nothing.
That no news is good news, but as far as highway is concerned it's very frustrating.
On 24th October last year the option was excercisable at 35 pence only if the sp had reached 150 pence before any reversal. It remains to be seen if this will all proceed. However if it does, it is looking very good - 150 pence before. Nothing to suggest that no reversal will take place and nothing to say a further uplift in value after reversal will not occur.
Highway is loosing me, it was suspended so it could sort out a reverse takeover,which at present looks like svs,so as Far as I am aware if it just takes a stake in the company without taking it over then we are back to square one, the only Other way is to offer the stakeholders in svs shares in highway, and then they should be able to come back to the Market. Any other thoughts welcome.
It's a shame we only seem to be able to get details on what's happening at HWC from a white paper for an ICO but I suppose something is better than nothing. Reading the paper again what jumps out is it can be interpreted difffent to how I've read it before. It looks like HWC possibly taking a stake in SVS, may not be a complete reversal but just acquiring a partial stake in SVS. Which makes a lot more sense because the valuation would have been much higher than the suggested £15m relist valuation and it would require a name change yet the white paper only ever refers to the financial arm as Highway. The paper states with 4m shares, DMH&CO will hold approx 40% of HWC and will purchase them at a 90% discount for $200,000. That's how I get £15m mcap.
Can we expect Highway to relist before 8thAugust as I would have thought it would be before the Monkey Capital ICO list date of 8th August. The monkey or the organ grinder ?
www.bloomberg.com/news/articles/2017-07-25/bankers-ditch-fat-salaries-to-chase-digital-currency-riches
Good job the fundraising won't effect highway, or so I here on the grape vine, coeval is being hammered at the moment Was over 0.50 a few days ago now 0.11.
I wonder how this deal is going to work svs have stakeholders who have just over 67 million shares And highway have or will have just under 10m when harrison take the 10m for 200k it will be very interesting Indeed.any thoughts
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quite volatile today- sharp movements both ways
The big question is what investments will svs/highway go for, one must be from eastern Europe hence the chairman's Neck of the woods others ?, due diligence would have been thorough on svs to make sure no hidden skeletons in there cupboards. The other question is what price will highway open at and what dilution ? Gla not long now .
Apps you are bang on the money, where did you get the info from ?
Regardless of the Monkey Capital thing, I'd say the SVS Securities reverse takeover is happening anyhow. The agreement for DMH&Co to finance the deal was struck before any of this Monkey business (see what I did there :-)) came about. So it looks to me like there are 3.5m options available under the original deal struck last October at 35p or if it's financed through Monkey Capital, 3m options in a revised deal giving 40% to DMH&Co. Either way, it looks like HWC are going through the process of reversing SVS Securities and it's being done without over diluting long term holders. I think HWC BoD have done is proud of it goes through whether MNY goes a ahead or not.
From the posts I read last year, the younger Harrison was not held in the same light as his family. Happy to be proved wrong. I have a small holding in Highway. The profits mentioned would wipe away my credit card debt.
Ive been invested in mostly aim for so long i forgot HWC was on main market.
Highway is not on aim, it's on the main stock exchange .
Ecuagold. On what grounds do you post that others in here have branded him a joke? No one on here had even heard of Daniel until recently and there's no one on this board qualified enough or can put a coherent text together to take any notice if such an opinion had been posted. Check out regular financial press and especially the usually sceptical FT alphaville article if you'd like a more informed opinion and to know why everyone is getting excited about HWCs involvement in Monkey Capital.
locked in here may be the best move of my share dealing career. This is looking very exciting indeed. Be nice to see the belief come good for once - this is aim however so be cautious and expect the unexpected to be..... unexpected.
See -read-post below. Possible relist at 150p plus !
Last time I read this board, Harrison was regarded as a joke. What has happened to get people so excited?
Very up to date thanks
Courtesy of Advfn Currently suspended HIGHWAY CAPITAL is a FTSE listed SHELL. With shares at 14.5p the company has shares only 9,590,000 shares in issue giving a value of ONLY £ 1,390,550 SHARES IN ISSUE 8,740,201 MAIN SHAREHOLDERS ABOVE 3% M. Szytko* 2,622,060 R. B. Rowan 2,375,745 P. Fellerman 560,000 D. Wheatley 396,000 Sanchoria Inv Ltd 271,090 Wildman Asset management 850,000 Total 7,074,895 80.94% APPX 81%. OF SHARES TIED UP -SMALL FREE FLOAT OF 2,515,105 SHARES
Re the call option, I read it like this when highways price reaches 1.50GBP , harrison will buy 3.5 m shares at 35p, As long as no major change has been made in the companies share , 50m shares @ 2p, if they do take it up There will be roughly 13.5m shares in existence with 36.5 m available.