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Dead right. Existing shareholders are being diluted to extinction. I bought 5 years ago at 21p so that says it all. Might be worth a punt now if you are very patient!!
...in share terms(if I am reading it right) I presume it will 10 for 1 into ordinary shares then sub divide the ordinary shares 10 for 1 into NEW ordinary shares which would basically leave us pi's with virtually nothing!! Anybody care to comment if this is right? and what the new SP will be?
Yep. Personally would wait until post consolidation, or below 0.2. Luke Johnson is the only white knight here IMO.
Shares will be consolidated at 10 for 1 and new shares are priced at 2p, therefore those who are buying today at 0.35 are paying 3.5p per share instead of 2p per share!
Bob has resigned news
before the changes the company was valued at £1.5m if it raised £4.5m in cash, you could argue it should now be viewed as being worth £6m (at extreme worst), i know that is extremely loose but it is for this example purpose after consolidation 27m shares plus the new 225m, so 252m shares in issue for a £6m company price of 2.38p the big question now becomes who is involved in raising this £4.5m, this has to be some party with a long term view, i think then and only then once the structure is sorted etc we could get holdings rns that will reveal who is involved that could be the sentiment the company needs
Last comment, the below is not great! DILUTION Shareholders who are not participating in the Placing, Subscription, Debt Conversion or subscribing for Lepe Option Shares will be diluted by approximately 93 per cent. following completion of the Proposals.
Not invested here but watching. A good move is Luke Johnson as NED, he knows his stuff. That said, wouldn't look to invest until consolidation is finalised.
have to agree, they could have just done a consolidation of 5 for 1, that would have brought the share price up over 2p, do the placing, then and only then re list raising £4.5 million is not placing flippers, unless they were pre sold mind which i would not be surprised if some were, but then £4.5 million is loads that kind of money in a small cap is somebody putting their dough in for the long term, so why have we not been told who has put the money in well there is absolutely no doubt about it in due course there will have to be some holdings rns released, then we might find out who the big fish is
Effectively a 63.6 per cent discount placing. Don't care if it's for an acquisition, that's an awful price. 0.2 in current money.
What are peoples thoughts ? Suspension to be lifted around 10 am this morning.
would be good to see what they are hoping to do while in suspension, rns gave no clues at all
people will be kicking the door down to get in..last time it shot up to 1.4p in a flash..
would be awesome to get an update on what is planned, after all looks like suspension could last for a while so not as if the share price movement is of any concern to the board this could have been a long time in the planning, they announced in december looking to raise capital by 31 may to directors and select institutions, surely those institutions will have known what potential changes were hopefully being planned was the 31 may deadline when the reverse acquisition was hoped to complete by, but has been extended to 31 aug so could be in final stages of being sorted if they have been at it for a while potentially since last year when we were told about restructuring all very exciting in my opinion what could happen here
Thanks, hopefully something big
I had my eyes on this share a while back. Wanted to invest but could not. Best of luck to those invested. You guys are most probably in for a treat. The new guy who took over meant business and I guess with a R T/O, he means it. ATB to you guys
after all only six months ago they brought a new ceo in and restructured the company heres to it being big, after all for a £1m company there not much downside
on this one..decent little company with good revenues & a smart portfolio of media..yes theres debt but at circa £1m m/cap should yeild a nice result if the takeover goes ahead..
Thanks for the info marve
as per todays rns there is possible reverse takeover, these things always warrant a suspension because it is a change suspension could last a while until it is completed or does not go ahead, could be great for us shareholders or could end up not having much effect as per the previous rns that the placing will be done at the share price of 31 may then i dont see any downside apart from us having to wait, maybe as long as 31 aug as that is when the placing moneys may now be due
Anyone know why they have been suspended and what it means for the share price when the suspension is lifted?
shares cant be traded until suspension lifted
Being new to this stock market malarkey, can someone explain what it means for these shares when they are suspended,
Are you in here