Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Jay_P, you claim;- "Shares in issue is not 990.55m, it's 1,199,302,698."
That's what the RNS's claim to be converted and state date's of 'expected' to be admitted to trading. If they've been admitted to trading, site's like LSE ( here ) and others should be reporting/confirming and reflecting the same. That is what I've always witnessed in the past with other stocks/shares, whenever a conversion and admittance to trading has taken place.
Wherever I look, the reported shares in issue remain at 990.55/990.1 million issued shares. Surely the reporting cannot have fallen a month behind what should be a daily update. Please enlighten me otherwise if you can... I'm not convinced.
FSA15, @15:11 you quoted:- "Well either way they will be cleared this week - so he says."
Converted maybe, certainly not cleared. By my reckoning, there's still 400million plus shares ( less the 70 million or 5% nominal holding that cannot be dumped for at least four months ), still to be admitted to trading, providing the reporting of shares in issue is to be believed.
Shares in issue as of today 990.55m. Shares in issue after wholly admitted to trading ( according to RNS Number : 4727C @10:38 today ) 1,399,302,698
Lets have some transparency and clarity first... or I'm sticking to what I can see!
guys i did a rough calculation of the converted shares from the prospectus and I don't believe they have converted more OTHER THAN the penalties...
LB28, PI’s would have been ‘screwed over’ if WDC had agreed a new £3m covertible loan facility with EHGOSF, or they had changed strategy to refocus on the medical business etc.
Why do you think your constant complaining is going to change anything?
LB28 If the converted notes are more than what the prospectus says what are the implications?
LB28
as to someones post to you on ADVFN, don't worry about the conversions these had been arrange long ago and they need to be implemented now so the company WDC can be closed down and switch to IconicLabs.
M/C is dictated by revenue and contracts, There are many Aim companies with over 1B shares with huge M/Cs
The next set of RN's will be a game changer here. I suggest you listen to DS pod cast
LB28, fire him an email or ring him. He may able to tell you if not sure.
I see this doing very well and cant see it staying at this level for long.
Nothing standing in way now for a decent rise in next few days/weeks.
Yes things take time LB. They are not opening a corner shop
Well either way they will be cleared this week - so he says.
That video answers not all but most questions that have been floated on this board. Patience is the word.
Still can't tell us who contract is with - 'commercially sensitive'
When is the interview?
LB28 - just wait for the interview, hopefully ti be explained bit better for us.
Lb. Warm regards.
My thoughts too, sells getting bought
A big thank you to the posters who have been trying to decipher the share allocation and transactions :) pity the company can't be crystal clear on this.
Jay_P - the 200m shares will be issued on 19 June so we can expect some big sells thereafter.
As far as I remember there is another £100m of conversions (from the £1.6m available).
After this, there will be no more financing agreements, only traditional funding, which is good.
So... the outcome, a circa 16.6% decrease in sp due to dilution - so the sp should finish today (or maybe by Wednesday) at 0.285 / 0.290.
He is about to clarify all.
I think via interview.
Looks like they're wasting no time offloading - again.
Share price tells you everything you need to know.
Skittish - I'd love to be able to answer those questions for you but it appears, from this morning's performance, not even the management have a fupping clue what is going on.
Well - looking on the bright side - they usually sell down to around 1% before converting - so that is 14M.
Add on 200M = 214M.
If they go to 5% = 70M then they've got 144M to get rid of if they take it to 5%
On the plus side WDC have got another £800K in the bank, and there are no more cheap shares to come.
10 days to get rid? If no one else is selling.
Question - How much has it cost to get rid of the old business (assuming we are now rid) and what about compensation for converting at 0.4p, when the sp is lower - how does that work if all the shares are now issued?
But it does look as if an expensive line has now been drawn.
If the shares are now cheap hopefully the company will do a buy back - anyone know if they have authority?
JohnnySingh - All that is happening at the moment is a whole lot of blow and no show.
Not only that, pushing out inaccurate RNS involving critical information that relates to the suppression of the share price over the last few months hardly imbues the investors with a warm fuzzy glow does it.
The only RNS we have had recently regarding 'business development' didn't have a client name on it and an about that looked like and amount 'Dr Evil' dreamed up.
The the stock market is not for you.
Sell and move on.
The SP will do great things as the business develops.
Now that was a nice kick in the b******s
I think most are starting to get a sinking feeling here. I know I am.