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There will be an rns in a couple of days to call another GM..
Personally think there should be a full investigation as to what has gone on here especially if there was a better offer on the table.
I heard that when PH did the last deal at 0.02p that there was another offer of funding 25% higher. The Board, except JM-K, voted for PH, that is why he resigned although he never confirmed this. It looks as though the Board is consistent as supporting PH in face of better offers. It is odd that the Board can gift the company to PH without a shareholders vote whereas last time shareholders voted against all PH related resolutions at the EGM. The Board have ignored shareholders this time as they dared to go against the Board's recommendations just a few weeks ago. Corporate governance and respect for shareholders hits a new low. Next thing will be Beaumont Cornish being appointed on £100k a year. TW would be pleased.......
True tradesense along with those ramping people in at 0.05 with a promise of something big when the company was overvalued as a shell with nothing in it.
Peterhouse £550k = 11B new shares Peterhouse Warrants (1 for 4) £275K = 2.75B new shares Bigdish £208,222 = 4.16B new shares Bigdish Warrants (if offered same terms ) 104k = 1.04B shares Existing shares 2.255B Could be a total of 21.2B shares with £929k invested in to NYO. existing shares holders could be ~ 9% of new company
To think there was a much better offer put forward with a nomad also to the board and they still decided to screw shareholders.. they should be put in jail .. I would all send your thoughts to sergey.budkin@finpoint.kiev.ua
Not sure why big dish would take anything other than 0.005 so I have assumed they will convert at same as peterhouse.. so 16.7bln shares in issue in total.
im struggling with the math too many zeros if i have not missed any for peterhouse £550,000 at £0.00005 would be 11,000,000,000 shares to issue x 2 with warrants. plus big dish? so existing holders looking at less then 0.5% of the new company? consolidation by the new owners or strip and sell the NYO listing as a shell?
If you assume big dish convert at 0.005.. then that's 750k at 0.005 that's an extra 15bln shares..
Add an extra 0 on. Shareholders almost wiped out here
Punt not worked out this time.
If your average is even 0.03 good luck in getting your money back.. they have just said they would do a placing for 500 grand at 0.005. Well it's conditional.. so shareholders don't need to vote it through.
Well red lep appear to have gotten a deal so why not nyo? Lots of deals
Thanks beton2, I always regard your contributions on this BB to be very valuable. GLA
I spoke to SB today. Their principal focus is getting the new nomad on board. He could not say much, so I hit him with a series of questions and statements and read between the answers. This is my largest position. I believe that we will be alright. In a way, I am content that being on the ASX has prevented me from cutting my losses and running. I can sleep easier now.
I wouldn't be surprised to see details of a Nomad appointment and the placing within 10 days. I personally will be Login off and checking back again around 28th for an update. GLA
Haha, priceless
went down like you expected? it was you saying you had mates who knew it was all going to be great haha
AGQ is nearly as bad as this piece of junk.
@sopbel please stop the ramping of shares GGP is junk and been ramped to death by the idiotS on twitter and even the mighty ramper peter Johnson who tried is best to ramp it to get a pump and dump faild because everyone seen it was a pnd please guys unless you want to lose your money DYOR
Thanks so much ( YOLO). That was my easiest £1,5k profit in a long time. What is your view here? ( NYO). GL
Hope some of you followed my tip.
Looks like it's went down like I expected it's now not under lse rules so now can issue endless amounts of shares to ph and bypass what was voted for at the egm ....let's hope it comes back bigger and better
Retention and role of a nominated adviser 1. In order to be eligible for AIM, an applicant must appoint a nominated adviser and an AIM company must retain a nominated adviser at all times. The nominated adviser is responsible to the Exchange for assessing the appropriateness of an applicant for AIM, or an existing AIM company when appointed as its nominated adviser, and for advising and guiding an AIM company on its responsibilities under these rules. The responsibilities of nominated advisers are set out in the AIM Rules for Nominated Advisers. If an AIM company ceases to have a nominated adviser the Exchange will suspend trading in its AIM securities. If within one month of that suspension the AIM company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled.
Cheers Needcash couldn't be arsed to post it . Obviously PH are going to dilute the share price if that goes a head ..