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The MAD report
Don't worry MAJ ... but thanks for your samaritan-like attitude, still trying to look after all of us even though not invested.
Personally though I will ignore your un-invested opinions - Personally I see this way above where it is now so I will continue to hold and add but, MAJ, be safe in the knowledge that I am making my own decisions so you don't have to worry about me as I am a big boy !!!
Good luck MAJ with whatever you are here for !
Nope Damion ... they sell the shares and then the totals are reduced
FYI when they received the first 2M shares and sold them they then informed SAR what they had been sold for and what they owed ... so similarly here they have 3M but need to inform SAR of the amount sold for after they sell them ... hence if they sell them for £500K and SAR only owe them £220 then SAR get back 95% of £280K ...
So more ackers into the funding pot !!!
This should be back at 103.5p ... PRE-RF deal share price .... fingers crossed for a good rise now .. especially if they now release the MAD news
I believe that if RF have been given another 3M shares and they owe 220K, if they sell them for 400K (lets say) then any profit above the original outlay has to be paid back 95% to SAR ... so will be interesting to see if SAR recover a few 100K from RF after they have sold down all of their shares
I believe this was due anytime after April 15th ... lets hope when it comes in the RNS is written in a far more positive way than our previous notes which quite frankly have been worded very poorly to always add a negative footnote to positive overall news
Oh - and just to add to the Parker comment ... not that I am saying he looks after himself first ... but he did pocket another 100K of shares for a measly £10K .... that added nicely to his pot and may well serve him very nicely in the near future .... loads-a-weed
HBD .. the SP might be on the rise but none of that is down to Parker !! He ball'sed up big time causing the drop ... no way will i be giving any credit to him for this rise .... I still have no confidence in his abilities but he must be integral to some current discussions as JR/TM nearly lost their company due to his incompetence ... They would not tolerate this level of poor performance unless there was good reason to do so
PS : Nicely .. good to see that you are looking out for us though making sure we dont lose any more money ... but guess what .... we are making wads at the moment mate ...
Nicely - In the words of John McEnro ... 'You Cant be serious'
The last message you left on this BB was ..."Probs drop to to about 7p- 8p then get taken out for about 10p"
Well done with that stonker of a prediction mate
Yes but even if they sold 2.9M at 10p each that is £290K but only £160K was deducted ... that is my confusion
... and if they did not sell them all and now have another 3M then we should get a TR1 for 3% crossing of holding
So I am still confused
Exactly Blue; so they have just been given another 3M shares - If they sell them at 50p they that is £1.5M and so they get no further shares and have to give back 95% of £860K (1.5M-£640 owed) which would be profit
But for me I still do not understand how the 2.9M shares equated to a reduction of only 160K (800K-640K (Remaining)) ... Pizz Poor maths or accounting somewhere ..
GLALTHERS
Hopefully we dont run out of money before 737 starts to deliver and the latest for that would be december when we get 27.% of 500K shares in Company X ( whoever took on 737) ... hence why the BOD needed 2M+ to cover salaries etc till december
Something does not ADD UP ... ?
They were granted 2.9M shares and then were owed around 800K
They have now sold the 2.9M and been granted 3M but we now owe 640K
RF would have sold the 2.9M abouve 10p which is therefore greater than 290K ... so why have we only deducted £160K from the running total ????? .... Where's the accountant when you need one, cus Parkers maths is as bad as his Financial abilities !!!!
The BOD will not buy in the open market - They only bought token amounts in the PLACING which was supposed to be to fund their own company due to their managerial mistakes (TM = 5K and JR = ZERO; 22k each taken as shares rather than salary when they both had 50K pay rises) .. Most LTHERS earn less and bought more
Think they prefer the free OPTIONS route;
Winge over .... JR not purchasing was the reason I did not participate in the PLACING ; but 'throwing my toys out of the pram' I did buy 150K additional shares for my ISA at 11p'ish ( funded by selling PYC)
Morning Silver - not sure anyone would accept 25M but 200M+ (£2+ per share) and I bet many on here would now consider that given the rough rides of late and the uncertainties due to lack of comms etc .. and 200M is still very small change for the large pharmas
Don't understand their business strategy ; I would have thought once the word got round after they had trashed the SP of several companies they would no longer be able to attract such funding avenues .... very strange how they will survive longer term
Bridge - after consolidation we were at 68 Million total shares ... but because of the RF funding screw up we are now going to be at around 108 Million once RF leave the table .... so its more about the affect they have had on causing the need for the placings etc
Excellent Post POTNAK ... Totally agree with what you said there.
Agreed but not for £800K ; It would be for much less as you need to subtract whatever RF sell their 2.9M shares for .. lets say that is £290K (@ 10p say). Then we only need raise £500K to pay them off