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I hope so I`m getting withdrawl the constant rises! this drifting is making my nervous :P
Soz - typo.
Is on the cards will we break 50p
That is how I see it... 150 mil is a lot of shares relative to what we have in issue no ? Noticed the word on SM before... sure I mentioned the words "disruptive" and "social media". Got a good ring to it.
The way I read it they are applying for up to 150M ordinary shares for investment purposes. Whatever and when they may need to raise money. A clue to their investment interest may be Felipe Simonsen "Since mid-2015, Felipe has also been working on the development and launch of a new global online to offline social media platform"
1.5 mil ? I'm reading 150 mil.
Being held at Cooley the #1 law firm for tech and life sciences IPOs.
Its crystal clear as long as you know what 'nominal' means in this case. All company shares have a 'nominal value', usually something like 0.1p as it is here. So when they say £150,000 nominal it means 150m shares. That has NOTHING to do with the shareprice they may issue shares at.
I read that as a creation of 1.5 mill shares to do with what the may. They can effectively give them away to attract folk into the business, or create options.
Basically they want to issue 150mil shares to the the director with a value of 150k so 1p each
I've got that highlighted too ... not clear eh ? Key part is 'a maximum nominal amount of £150,000" They can't be proposing to issue 1.5m at 1p. Needs clarification.
Re thinking, I think it means they can issue £150k worth of 0.001p shares , which is their nominal price at what ever market price they deem.
"Resolutions 8 and 9 – Authorities to allot Ordinary Shares The Directors are proposing to obtain authority to allot equity securities up to a maximum nominal amount of £150,000, equivalent to 150,000,000 Ordinary Shares. From pg 11 of the doc below http://www.mercomcapital.co.uk/243595_Mercom_Capital_PLC_Web.pdf
They will appear at some point. On a negative note I did have palpitations regarding the new name. A Japanese stuffed monkey that was all the craze for a while and then fizzled out. However it did last a decade or two in a global market and a decade or two of growth would be great.
Not easy finding a cute one ... they are a bit freaky looking LOL
maybe or someone in the know regards our new investing policy, unless Calvet still buying?
Did someone just finish reading the circular ?
Its been fully troll free all along to be fair... bar two short lived first posts proclaiming URU to be next because of the Zorbas link. Its been a great BB... completely unheard of as far as I'm aware through several months of a sustained 1500% rise.
I hope the herd stay away lol
Ha, I'm glad the herd haven't arrived yet. Reasonable debate without trolls. It's how it should be.
yes, i guess the Japanese toy must also be "deeply independent, vivacious, quick, entertaining and passionate”... will have to get one for my nipper as an MCC souvenir.
Albeit a single share.
Apparently this is not a Japanese toy, but means "deeply independent, vivacious, quick, entertaining and passionate”
I like this bit... "The Board’s principal focus will be on achieving capital growth for 1750, Screech, ontarget, camkite, asher7, plappers, Derfel and ABlokeinthepub"
Thanks for the link.