focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Https://london.cylex-uk.co.uk/company/anavio-capital-partners-llp-25758979.html
I have just left one here, make sure you register so that Anavio can't remove it.
You can opt out of Google Reviews, I had problems with someone who was defrauding my clients and the clients left a number of negative reviews on his Google page so he opted out of reviews. They haven't just removed the reviews, they have taken down the page.
Ledsparky.........'Here's another review site
Getting those honest reviews in
https://trustburn.com/reviews/anavio-capital-partners'
I have submitted a review.
OldSlow........'A mere 1.3 billion new shares, thats 1,300,000,000 now 24.5% of copl'
As I said earlier, they must have already sold more than half of the shares as 24.5% is about 740,000,000 shares.
'Alfresco how did they forward sell their placing stock then as you suggest? '
We know they did it before each bond conversion. Presumably all within the 3 day settlement period.
PofitJock....we know that they have thrown away the rule book. I think that maybe they are expecting a big rise so sold half the placing shares at a loss, leaving them with half needing a rise to break even. But don't forget that overall when they convert the previous bonds, they will still be massively in profit even if they lose on the placing shares. At least this raise was not a bond issue! This 2.5m was put up to ensure that their unsecured bonds did not become a big problem for them.
'How is it 24.5%? They have been given more than 50%? What am I missing here? Have they already sold a very large chunk of the shares?'
If correct, then it is not as bad as we feared, maybe PIs have already bought a very large amount of the placing shares. Did the actions of the shareholder group cause Anavio so sell down their new position in advance?
This should never have happened, either. This part is particularly interesting, especially the last two sentences. Could we do something like this?
'In a letter written by Lekoil Nigeria and addressed to Hawkins in September 2021, (published via the London Stock Exchanges RNS Reach on September 15, 2021) the segment subtitled ‘Breach of Disclosure Obligations’ partly reads
“…The identity of this lender is material and relevant information for the shareholders of the Company. Given the heavily discounted nature of the conversion price attaching to the CFA, it is material that shareholders are aware of the identity of each of the lenders”. Pursuant to AIM Rule 10: “an AIM company must take reasonable care to ensure that any information it notifies is not misleading, false or deceptive and does not omit anything likely to affect the import of such information. We believe that the failure to disclose the identity of this lender breaches the requirements of AIM Rule 10” '
Did anyone else notice that the announcement did not say Monday and did not say Anavio? Maybe the large shareholders have hijacked it and are providing the funds at the same price, blocking Anavio from getting the lowered conversion price for the existing bonds. Anavio would need to buy back all the shares they have sold in anticipation of receiving new shares next week.
Only a thought, but it may be the reason for silence from the group. It would be very positive though.