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Cheers Tango. Looks like you answered my question while is was writing.
So, let's say the primary bid is successful and is closed. Do we still get a chance to participate through our own brokers in the OO. Even though I'm reluctant to do so as I would be diluting myself I would like to have the chance to bring my average down. Tempted to just use funds in my trading account and buy on the open market and have done with it. I know that doesn't put money into the companies coffers but, TBH, they've not done me any favours in the past. Just sayin'...
After nearly eight years of dilution I'm kinda fed up with it. Will be over 4000%, not including outstanding warrants, options and the like, from just 91m back then to ... unknown billions.
Si ( or is it Sigh)
I would certainly encourage participating in the primary bid. If someone is indeed going to put hard cash down, it might as well go to the company rather than to an unknown market participant. Let us not forget that whilst the fund raise was successful, every little helps to keep the company liquid and well cashed up. I really don't see the point in buying in the open market rather than giving the cash to company who will actually use our cash and grow the business.
SpannerHappily: at these levels, I am sure the directors would love to come in. However, the sad reality is that till the GM, they are in a closed period and cannot do anything. That's AIM rules for us - frustrating for all of us and probably more so for the directors.
At the end of the day, two mechanisms to buy more into the company, which is fantastic. Its fair, democratic and most importantly, provides extra cash to the company, which no one should complain about!
MR T, Buying in open market does not dilute, primary bid will, there is arguments both ways but I dont think INFA need the money now. But they certainly need to start the positive news flow which I am sure is very very near...And will make raising cash a lot easier IMHO.
Is this not the point at which we'd expect to see the Directors wade in with a big contribution to raising the funds! Time they backed their endevours with hard cash..as I've previously said, I've lost more than JW's spent...very annoying
I don't think JW is really interested in getting more money from the market at this juncture, he got all he needed from the initial offering and there's no point in further dillution at such low price. This PrimaryBid exersise is only meant to throw a bone to retail shareholders, but I wouldn't be surprised if INFA was actually keeping their fingers crossed that it doesn't get fulfilled.
Radders,
Thats the problem here, you can for the same price in the market now!! costs moreorless the same?
The only difference is that the funds do not go directly to INFA, if bought through primary bid they do.
JW needs to give current holders a good reason to purchase through primary bid imo, some positive news to move up the sp would be a good starting point.
Mr T
Many people bought over 2p. Now back to the base
I just brought 389,362 shares at 0.30p through my normal H&L, exactly same price as Primary Bid, without the £20 fee !!!
I called Primary Bid and they will process non UK investors if those non-UK investors can do the trade via their FCA regulated UK brokers.
Primary Bid have phoned me back ..fairly promptly -apparently you have to put in the whole of the year expiry not just two symbols like say , 20 watch this one ..again not fully satisfactory when you are in a hurry ....
Agreed ..but Primary Bid Platform needs to sort itself... that was the point of the post --would love to invest more in this gem of a Company and it's nascent rebirth ..hopefully !!
PrimaryBid platform did not work for me either. I am a non-UK resident and it wont accept anything but a UK postal code. Very frustrating and rather amateurish.
Me too --on the last page of Primary Bid when my card was rejected as Invalid which is nonsense as used earlier for Petrol purchase ..Just bought 3M in the market at .03p .Primary Bid platform did not work for me ....would be interested if others experienced similar.
It’s not really a big problem...Once marine license is passed...Vitol as our partner...HW building many things for Vitol and government...can see Vitol buying or becoming partners.. like they have done with many before...
I was literally on the last page of the Primary Bid - when I noticed the SP dropped to within circa 1.5% of the offer discount. Hope it just gets done quickly and we can move on to an RNS with nothing but positive news, which from a timing perspective would be good before the egm on 28th Nov
Si,
I would be happier if there was some good news on the IM front??
All the news still to come yet nothing released as yet? December bekons?
Where are the EU funds? JW said these will be received this quarter?
Chairman, where is he/she? I assume this will probably be linked to H & W once all that is sorted etc?
But, it would be nice to be presented with some good news and a higher sp to make it more attractive to participate in the offer. at the moment I can but in the market for more or less the offer price!!
Mr T
Would have been happier about this if the date for those on the register was before the SP was taken down for the November 11th placing. They are the people that were affected the most by all this dillution.
Is this a roll of the dice or is the deck stacked in our favour (mixing gambling mataphors)? I am not sure the BOD have released enough good news to make this feel like a good idea or just a necassary evil to survive in the hope contracts do go to H&W and that licences and investment are nailed down before this cash runs out...I'm possibly in the know when to hold em and know when to fold em regrets