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Just received 2 x correspondence regarding the consolidation:
1st - Subject to AGM Ratio of 1 new GBP0.10 for every 100 shares of GBP0.001 held
2nd - The above is cancelled and new proposal = 1 new GBP0.10 for every 100 shares held, with each new share subdivided into 1 new GBP0.001 and 1 Class 2 deferred share of GBP0.099 (Negligible rights/effectively valueless)
So as far as we are concerned, no difference really.......see what transpires April 27th
Wait until that China deal beds in and takes off..that will make a big difference ....just needs patience as it does take some time
Great news, he obviously isn't fazed by the idea of a consolidation.
A 12% stake is certainly a sizeable chunk to have. Let's hope more like him get on board.
GLALTH
Very positive Richard Sneller is increasing is holding, with all the good news would be excellent to see price rise.
GLA
Absolutely Mafuta, 12% is a considerable stake.
Good to see Richard Sneller is still accumulating ... Bodes well for us
Some pretty large buys going on here today.
Obviously not everyone is worried about consolidation.
the first time I saw tissue, it immediately seemed like a great company, just one flaw, too many shares outstanding... even if I don't have good experiences with consolidations, but I think it's the right choice. I think I will stay here for a long time and continue to buy drop by drop
nice string of 1million buys someones collecting.
I too have had little success with share consolidations but I think it will in the long run here make little difference. Sadly despite the good update we have slid backwards and are once more waiting for the market to spot the possibilties. It is very frustrating when this appens but holding long term is the only option...
When they are ready to invest in the next stage of expansion in Texas then any further fund raise , if required...would be far easier to sell to the City investors with share prices of 60p plus than silly fractions of a penny IMO
consolidation with these kind of tiddlers , does allow companies to let go and put into the past all the hard times of fund raises and the trail of early investors who bought and got diluted .....the consolidation is ..a way of "starting over" ..where new investors come in with no wish to look backwards ...but merely look forwards ..as to the story of where the potential now lies
I can appreciate people's concerns about consolidation, but when you read articles etc, about TRX after the dilution, the main criticism is the number of shares in circulation, and that combined with a SP of a fraction of a penny will put people off.
If they consolidate with a SP of 60p, then I don't see this being a ten bagger as others have said many moons ago, but who knows? I was invested in ITM in 3 years ago and got out at a good price, but it's absolutely plummeted since then, despite hydrogen getting a lot of press (I don't read up on what's happening at ITM anymore though).
I don't know if a 100:1 consolidation will work out better than 10:1, we'll just have to see. I do think there are a lot of people who would be interested in investing in TRX, but not with the number of shares etc at the moment.
And don't forget that there will be investors who don't yet have TRX on their radar, but will think a SP of 60p will be an absolute bargain when they do.
GLALTH
They have some interesting notes on their website for TRX. The latest tells us that there was a $0.45M provision in the accounts, without which H2 would have seen a profit of $0.4M. There are the usual growth predictions (all of which look good) and projections for each section of the business.
yes totally agree - was a superb presentation - again measured and sensible - so relaxed with my large holding here for the long term
A clear and concise presentation by people who understand the business and the market they are operating in. Well worth a listen if you get the chance.
Correction 70,350,000 :-)
Looking like a good many short term holders have cashed out. Good luck to them. Great opportunity to increase holding. It’s always been a long term hold and nothing really has changed except we are getting closer to where we all want to be.
My main concern is this share will now become a Shorters paradise after the consolidation, only +/- 70,350,0000 shares in issue, this will be easily moved in either direction. This is just my opinion and I hope I am wrong. As others have stated, this has now become a longer term hold for me than I had hoped.
All I can say is that I have been through a number of consolidations and none of them have been beneficial to the share price
Yeah great news
Agree not sure why people are opposed.
It shouldn’t devalue anything, share price does up and number of shares goes down pro rata. Investors should end up with same total value, and the company looks a bit more credible with a higher SP. Less easy to move SP with silly value trades.
Not sure what I am missing here.
Agreed pokerchips. There were less than a hundred trades today, some of them for £2! There is a certain respectability in having a share price over 1p and something less than 7 billion shares which makes them this cheap. It’s something of an intangible aspect but I can imagine it looks better to the institutional investor. It may also reduce the damage to the sp through tiny trades going through. It is a side issue really though. The growing financial strength of the company is far more important longer term.
consolidation will get rid of a lot of silly tiddler trades , ....and also make it look less like a start up ....company wants to appear more mature and seek to attract more Investor fund managers I suspect
The true value of a company rarely shows in the SP of these small AIM companies.
It best to forget the SP and just concentrate on the companies long term development.