Member Info for aceinvestor

I can't find any news about the Sheikh since June and his website is down. Anyone know what he's up to?

If it is an Italian company then I suspect we won't hear anything until well into September, since we're in the peak of Italian business holidays.

If the company was dead they wouldn't bother with accounts. You can just go for strike off voluntarily or let companies house do it for you.
I assumed Sloane was dead built seems they're still trying. And the president is helping out!
https://www.las2orillas.co/la-mano-que-le-dio-duque-a-los-ingleses-de-la-mina-la-luna/

Accounts are available at companies house.

Sometimes if the shares are of no value then the administrators may just transfer to you directly. I think most people will agree the shares are of no value now and the near future.

Group company accounts are on companies house. Can't see them for a few days. They must show a company in dire needs of funds. the fact that they bothered and didn't just let it be struck off is a sign that they have something in their heads. I'm not getting too excited!

What does it matter? It's a shell so could be suspended at any time awaiting documentation. If the rns was wrong then it would normally have been corrected. It's only one month anyway.

Nice buying today all of a sudden. Expecting an update about the extras from the sale of the Imaginatik business, but maybe they'll be more! Like confirmation of the rto for a fintech!

Eight have 22% of Abal and paid a lot more than the current price. Treacy is a director of both. A rto could benefit everyone and TAG is a fintech. Otherwise, like all these things, it's just guessing.

As I said earlier they are requesting permission to issue a max of 7m shares - rounded up. That will be after the agm in August. So potential dilution in the next few months is minimal. Not sure why it is being discussed. All companies have placings from time to time. It's their future plans that matter - I don't think the new money has invested to break even in five years.

Eight talk about The Avantgard Group in their AGM notice. They say it's been valued at Eur75m. Certainly a fintech and looking for a listing as they say here:
"In September 2018 the Company invested €111,100 in an 8 per cent. bond in Finance Partners Group SPA (“FPG”). The Company has since reviewed a number of capital raising and investment opportunities with FPG and has now agreed, subject to the conditions below, to proceed with a further investment in FPG. FPG is an Italian financial services company that, among other things, takes minority stakes in private companies seeking future listings on public markets. It currently has shareholdings in two such investee companies – The Avantgarde Group (“TAG”) a fast growing fintech company, and, We Arena (“WE”), a digital
media gaming company."

I see they're asking for authority to issue £69,770 nominal. A curiously low figure now that they're 1p shares.

The advisors who were owed the money would never in a million years agree to something that meant they wouldn't get paid - when they already had an agreement that said the would get paid.
The whole point of the variation is to prevent people getting 3% of the company after the RTO. I mean what if it's worth £100m in 3 years? They might just have well have paid them the £200k or so they owed.

No. The warrants can be exercised at any time until the rto.
Read the rns.

Only up to a date. Note the use of the word ONLY and UP TO.
What is the date? If the RTO is the 10th September the admission probably 11th. So from now until the 11th sept..

This was agreed with the people who they owe money to? Do you think they would vary the terms so that may never get paid?

This part of the sentence (the date of admission of the Company's shares to trading on AIM or any other EU Recognised Investment Exchange, following completion of a Reverse Takeover of the Company) is one date ie. the admission of the RTO shares.

Yes anytime UP TO
"only up to the date of admission of the Company's shares to trading on AIM or any other EU Recognised Investment Exchange, following completion of a Reverse Takeover of the Company. "

That means up to the shares listed so from NOW until the shares are listed. ie he can't exercise them AFTER the RTO.

They can be exercised whenever he wants. Up to the RTO. So not the 3 years as before.

A bit cloak and dagger. Presumably, the person concerned is well known, otherwise why not tell us?

The highest price he paid here is 0.0125p in the open offer and the placing that followed. Admitted on 24th and 31st May as in the holdings rns'. Green Lithium would seem a nice newish company and one he has a tiny stake in and less history.

I'm not sure who you are referring to. No one can order another person to "sell your shares". When you take part in a placing you won't know who the other placees are. They (winrose and lesoza) were asked to take part and have made a nice profit. They won't be exercising warrants unless they are selling or intend to sell.

The warrant holders will be selling their stock. Why else exercise a warrant when you have 5 years? They were just here to make up the numbers and they must think Christmas has come.