The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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Just released.
A nice 250k for the company, should stop fears of placing soon so not terrible
Not terrible, it's great news...the Sheikh knows what's coming!
Call me stupid but whats to stop him selling and pocketing a nice profit.......like the other excercised warrants??
You'd hope the lock in agreement would.
thought he is locked in so wont be coming out?
The Lock-In is being entered into voluntarily by His Highness and is effective from today for a term of 12 months (the "Restricted Period"). During the Restricted Period, pursuant to the Lock-in, His Highness has agreed not to sell, transfer or otherwise dispose of the rights to any of the 200,000,000 ordinary shares he has confirmed, by way of execution of the Lock-in, that he beneficially owns in the Company. The restrictions on disposals also covers any ordinary shares acquired by His Highness and his private office during the Restricted Period, which, for the avoidance of doubt, also includes any ordinary shares acquired via the exercise of warrants.
yup true but still a big seller at .9 at least 1mplus.......why
because it sat at 0.55 for a few weeks and a few people loaded up and now are selling for their bag just incase it doesn't come through i imagine, just need a few days of decent volume and it'll be cleared sharpish
Don't get me wrong I'm still bullish,sold something else this morning to buy another 400k here just hate being confused maybe ben you are right just seems very odd and surely last weeks warrants should have been absorbed by now...he ho all will be revealed-soon I hope.
On balance, this looks like pretty good news to me. The Sheikh now holds 15% of the shares and this issue gives the company a (notional) value of £5m, after dilution, whilst the current market cap is £17m. That's actually not too shoddy given the news we are expecting - and of course, very important that he can't sell them for 12 months, otherwise we'd be in for a rough ride. You would think this is another sign that the LOI is imminent/a formality so could be the last time to top-up. This is looking really good....
I agree Ponkey. Something is odd and I can't figure it out. Must be a massive sell. I bought another £3k myself but why is it not shooting up with all those buys at 0.9p?
Im confused, how does it work out 5m for the comapny is the cash is 250k as mentioned in the RNS?
Must be being held down ahead of LOI/news?
Extremely good news
Great so we are all confused but meanwhile a battle royal is going on at .9 and something must give one way or tother oh look 2m on offer in the auction-lse- not mm
2m bought another 2m on offer
Brilliant news. ORCP have £250k and the warrants are locked in increasing holding to 300 million.
What is the £250k for? discussion behind close doors more news to come.
GLA
You obviously don’t know what he did to ADME.
going thru at .9 in chunks of 1m plus according to lvl I shall leave the big boys to play.......
I agree, odd time to convert unless he knows what is coming or ORCP approached him asking him to convert to provide cash for something else....hmmmm
Yes I do he was stitched up so they felt the power of money as he left.
Totally different here. Huge support and increasing.
GLA
ADME we've been though that thanks..two sides to a story.
Could be cash requirement.. as i pointed out at last years burn rate £110k a month thinks would look tight about now....
Minor/Major point. Need to get the right Sheik. This one is not the multi billionare but his cousin.. common missconception.
Probably converted now for voting rights to get in on all the actions/decisions coming up.