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larry - sorry to see you banned, very likable poster hope you make plenty here mate.
Thanks for replies, no notifications or emails from them. Will have to call them if others have the info (jeanie). Does seem silly not to take up the option, tks again.
Larry got 5 warnings in 5 years.... Therefore ban. The last one was for live prices.
Ezhik Morning See my post at 10:40 yesterday
Hi I'm with HL - no problem re Open Offer. I received an email from them telling me to check important notifications. You should check your on-line s/d acc. I've taken up the offer as you have to reply before the 25th. Seems too good an offer to miss. PS Sorry to hear of Larry. Hope he'll be back in some form..
Same story with Beaufort Sharedealing - no reponse on the open Offer at all yet. I would imagine these brokers need one's cash and instructions by Tuesday 5 pm probably, though it will vary.
Guys--anyuone have details on how to participate via H.L--cannot see any notifications on my A/C, emailed them yesterday with no response at all. Also, current value/price not showing in HL. Apols if already discussed.
There are quite a few posters giving live prices and a few others asking for them. I have Live prices through IG - must remember to keep them to myself. Van - I took up a 2nd username once and when I posted my first post got a 24-hr ban. They are not daft with regards where you connect from(can't remember technical term). (Plus my userid was Paulinho2 (similar to mine) and my password was the same as my actual one - must admit I'm daft, but won't be doing that again).
Yeah, can't find his member name or any posts(particularly REM). Seemed like a knowledgeable guy, be interesting to know what he did wrong so I don't fall into the same trap.
I can't sleep.... Why life time ban? Surely he will just Phoenix himself?
mark@vialogy.com I don't like giving that out on a BB and I know mark reads them. But - as it's a massive transitional phase for all of us and we all have questions about our money and investment and we deserve to know everything we can.
Please do contact Mark Collingbourne if you can, I can't see his email address only his phone number and it is probably best to have it in black and white via email about these 'performance conditions'.
Are you still in here Larry, you seemed quite deep on this stock and vocal on the BB. not seen much from you since coming out of suspension. Are you the big seller we seen last couple of days.
I agree, one day we could get a VEC Brucie bonus out the blue....
I should clarify by "so many options" I mean ALL of the performance options, and not just those of Dean & Gulati. On one hand I have the opinion that Dean & Gulati do not deserve the opportunity to buy shares at a substantial discount to an sp achieved by the work of the new team. On the other hand I think that it would be about time those guys spent some of their own cash investing here. (I suspect though that they would quickly sell to realise the 40p per share profit available. That is £250k between them on the 625000 options that are listed) This raises another point in my mind: Are there any time restrictions upon the sale of shares bought via performance options? That is just an academic point really, since the directors (and employees) will have plenty of other shares available to sell at the time.
from Vialogy per se. ignoring Premaitha just for a moment.............. I expect with some 9 months left of the year given (before the IP return to us), that Sandeep WILL have got funding. To me this is far better than any value we could extract from it and we should understand that. aimho
So we agree on the probable oversight concerning the performance criteria i.e. should be 50p. I shall have to ask for clarification on whether the options for Dean & Gulati have lapsed (under clause 10.2.8) and if so, whether listing options previously awarded them should no longer be listed in the main document. This is important as the exercise of so many options being purchased at 10p, at the time when the sp reaches 50p for more than 30 days, will have a significant diluting effect. IF the options for Dean & Gulati HAVE lapsed then that will be less dilution when the time comes.
PR stepped down after the GM months ago http://m.londonstockexchange.com/exchange/mobile/news/detail.html?announcementId=11777639 "Immediately following the General Meeting, for personal reasons, Terry Bond will step down as chairman and a director of ViaLogy. Peter Reynolds will also step down as a non-executive director immediately following the General Meeting in order to focus on his other business interests."
I'm trying to get to sleep here!!!! Just done night shift!!!That cut and pasted reply was in direct reply to me asking if THEIR targets could be hit by simply consolidating...please email Mark for clarification. anything we need asking should be as we are part owners of the company.
What you have in black and white is that the "option" price (and not the "target" price - at which the options can be exercised) will go up in proportion with the consolidation. Indeed, the "option" price has been altered to suit. Although the email says " - we cannot simply consolidate the shares to meet the option price criteria." and so implies that the target price will have to change, it does not change fact that the main document states that the share price at which the options vest, is 0.5p. It is a long document, which covers a great deal, and so I expect this to have been an oversight.
I've not spoken to Adam, Mark is great tho. I'm off to bed now - email mark for confirmation re Adams dad and to see if they can correct the error. I'm sure he will understand as we are all heavy share holders. His email is at bottom of RNSs....
Can't see anything about Adams dad in the RNS ref his comp.Or him leaving for good..
'10.2.4 Performance Conditions The options granted under the Unapproved Scheme to the Directors, together with Sandeep Gulati and Bob Dean only vest provided the Company’s share price reaches or exceeds 0.5p for a continuous period of 30 days at any time during the period of five years from 28 January 2014. The other options granted under the Unapproved Scheme are not subject to such a vesting condition.' Current document therefore has this error in it that needs amending - should not be 0.5p. Can you email Adam again Vanvagabond?
"Thank you for your email. I can understand your concern and can assure that we cannot simply consolidate the shares to meet the option price criteria. If there was a 3:1 consolidation the option price would go up in the same ratio."