The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Truro, Trapper is deranged. Enough said. Utah is not just plank of the week - he deserves a lifetime achievement plank! He's from NZ, and they call us "whingeing poms"! He's continually complaining about this or that. You should check out his posts on the SAR board. SAR is up roughly 500% over the last year or so, and he's still moaning. Best just to filter the ignorant when they talk absolute bolox.
I find it strange that neither Trapper or Utah seem to know the difference between share options and the exercising of them and the totally different activity of fundraising. It is also bizarre that they think the par value of shares has any major bearing on any of it. There unwillingness to engage positively means that any chance of correcting them is impossible.
It follows that because their knowledge is apparently lacking in these areas it may well be true that they have other knowledge gaps which in turn makes their opinions possibly flawed and unfortunately filtering may well be the only answer.
Utah, my question was ; is trapper correct to call two Exercises of Options and one Granting of Options as fund raisers?
Don't back track Truro
You just just don't know what a share premium account is
Utah - I'm a little uncertain re your ( rather patronising if I may say so ), instruction to be a good boy and learn a little. The accounts merely confirm the RNS of the 27th of May '20. This was indeed a fund raise and a dilution.
If you read trapper's post of wed at 07.49 hrs. you will see he used the word "regular"' to describe fundraising and dilution by PYC. I took exception to this as it is, to my knowledge, not true.
He has failed to prove that PYC do this in a regular, usual or habitual manner. What do you think? Is he right or is he wrong?
You can’t even lead the blinkered and embittered to the water lol.Stuck in a time warp with no ability to embrace the new and present even when it’s pushed in front of them..Excecises in Neuro -plasticity Urgently required!
And how many shares are now in issue Utah? .Less than 100m is the answer .I’m sure you can reel off a myriad of Aim companies with so few shares in issue.-not -with less than 7ml mcap..It’s the sector Pyc operate in that’s important and the multiples within that sector which are the norm not the penny and pears accounting which those deramping are so keen to apply here.All irrelevant really.
Truro
Take 5 mins out read last year's annual report . Look at note for share premium account note 24 I think. 23m shares issued for working capital. Go on be a good boy and learn a little
The last thing i would want is for you to do my research as, based on your post of 10.43, I would not be able to trust it. You assert that on the 5th of August there was a fund raise. This is untrue. The 7 AM one was an announcement of the granting of options and the 1 PM one was the exercising of options. Either you are woefully ignorant of these matters or you are clutching at straws. I say again - Either prove your statement or admit your wrong.
Truro do you know what usually a share premium account balance comes from? Is either a capital raise or an ipo so of course pyc has raised if they have a share premium account!
If you are unable to answer my question then your statement is in doubt. Either prove your statement or admit you're wrong.
If, as you say, there has been regular dilution/fundraising how many times has this occurred and when? I have read the annual reports and I see no mention of this. I do not require you to justify your comments but I do require you to justify your supposed facts.
I say Trapper - would you mind clarifying the regular fundraising and dilution you that you have stated that took part at hugely discounted prices. I only know of the one last May. Dates amounts and prices would be helpful.
Thanks I have now bought PYC and DMTR this morning