Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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anyone knows what price will be the new issued shares? I just found this
Under the terms of the Transaction, the Company will be issued 200,000,000 UFO shares and 50,000,000 options (exercisable at GBP0.025 within 18 months from the date of issue)which will be distributed to KMG shareholders via an in-specie distribution)
oh found it: The Shares would be deemed to be issued at a price of £0.0014 each
hmm really hope they will have sticky hands coz that's a nice profit ! not a bad deal for them
if they will decide to sell right away this will tank to 0.55 at least, hope they hold
no idea what been happening this afternoon
its now .641 to sell 1m and .7 the ask
I am sure later trades may explain - bizarre just like yesterday at close
im hoping for a chance to get another batch at a resonable price.. i dont care if they all sell and drop the price.. it will soon come back..
Big thing happening right now is SILVER / GOLD are rising along with the Dollar.. thats not an insignificant thing.. SILVER value is Key for UFO.. at $30 we are a 2p + company all day long
RNS confirming EH completion today and the volume was so low only 31m
Does not add up
If tbe markets recover a bit next week thrn thid will rise. Remember how the markets tanked at the beginning of the covid outbreak...they still rcovered. Change of sentiment will be the driver hete. What we don't want is a blockbuster RNS in the midst of a market crash. Even if you think thesr moning stocks are immune, it doesn't prevent jittery investors going onto cash. Especially if they are seriously and financislly affected by lockdown and loss of employment.
SSS....Sentiment Security Sanity
Up to £10m profit going begging on Monday for KMG shareholders selling on Monday - no wonder we have been on 'standby' this week! Auction and gap down first thing Monday morning?
I think there is zero chance of KMG Shareholders selling out early.
Why would they?
As Bill said in the RNS,
"We look forward to completion taking place shortly, and I welcome all incoming KMG shareholders to the Company.
We are ready to commence field work at Elizabeth Hill and execute on our exploration strategy to advance the project."
Why would they sell before we have unlocked the value of the project.
I can see them selling once we have started drilling and signed a JV, but not before.
MrEMC2 - Would you be a glass half empty person by any chance
What are those things in the garden
Oh yes - swings and roundabouts
We dont know what we dont know but we knew we were getting a mine and we knew the deal for the shareholders
If it goes down we can buy and if it goes up we choose when or if to sell
Exciting assets to play the long game for
GLA
I want UFO to be the next GGP - happy to be wrong on Monday GLA
Ideal time to top up for those of us looking at the bigger picture
'Scuse my ignorance but how will the share prices of KMG v UFO average out between us both when the deal is done?
Apple thats a good point, im sure it will be explained on a RNS
The most likely scenario is that KMG will be liquidated, so it's share price won't be relevant in that case. If the company continues to exist in some form it would probably de-list from ASX anyway. Before the UFO shares and warrants are distributed to the current shareholders, KMG will have to make sure all liabilities are paid first and the shareholders get what's left. Of course KMG may be able to pay some of it's liabilities with UFO shares, but I don't really care as long as we have Elizabeth Hill.