Member Info for Allthatglitters

Hello everyone. Hope all is well. Go Vela!

Just for the record, I'm out for now. Great trade from 0.012p. I'll be back.
All the best holders.

It was up 37%.
If you're naive enough to use google trade price, you're going to look silly.

Certainly looks like. 37% up pre TR1. I'll take that.

I think you're dreaming. It's 40% up.

Bought more at 0.014. Average now 0.013p.

I agree but their influence will not be with us much longer and the traders are back interested to soak them up.

It's 0.011.

They've been prompt up to this point, but I believe that legally they have 3 days to report dropping below a threshold.

If the 50's and 75 are them, they will have significantly less left than we think.
Hard to tell though as 50M shares is only £5k!

Market makers get a bad rap, but fair play to them here: they're certainly generating the volume to soak up these sells asap.

That's the hope. Got some extra cash to chuck in tomorrow.

That 75M sell has all the hallmarks of them too.

Agreed. 18 dumps to go and bye bye.

If (when) they drop the ask, should see it getting tagged again. Probably needs to bounce off 0.1p technically.

23-Sep-20 13:58:03 0.012 15,596,355 Buy* 0.011 0.012 1,840 O
23-Sep-20 14:36:05 0.011 15,596,355 Sell* 0.011 0.012 1,716 O

£124 plus fees loss in 38 minutes. Fine work.

Single figures feels a touch low. Well, a lot low really. But thanks for your input :)

Looks like they've dumped 700k shares today already so, at this pace, they might be out today!

You're welcome.

From RNS:

In summary, the Company was granted authority to issue new ordinary shares of £0.00001 each in the capital of the Company ("Ordinary Shares") up to an aggregate nominal amount of £300,000 as if the pre-emption rights contained in the Companies Act 2006 did not apply, which would enable a total limit of 30,000,000,000 new Ordinary Shares to be issued, with a limit on the number of new Ordinary Shares that can be issued on an exercise of the issuance warrants of 6,900,000,000 and a limit on the number of new Ordinary Shares that can be issued on a conversion of loan notes and warrants issued under the Financing and Settlement Agreement of 23,100,000,000. Before any additional new Ordinary Shares over and above these amounts can be issued, the Company would require prior shareholder approval to be given and it is the intention of the Company to replace the Financing and Settlement Agreement rather than ask for such approvals.

I can't find any mention of these warrants in RNS from this year so am unable to guesstimate at what price they were issued or to whom. The price has obviously tanked since Feb so I am therefore working under the assumption that they will not be drawn upon.
Certainly, the limit authorised to issue to EHGOF is very nearly maxed.

Ok, so, I've been through the RNS's re equity issuance.
EHGOS have been issued with £1.71M worth of CLN. The company originally commited to drawing £2M from them but have recently stated that the arrangement has been cancelled. Therefore it's tough to ascertain whether the whole £2M was drawn and whethere, therefore, any CLN's are outstanding.

Of the 23B shares that were authorised in the general meeting in Feb, 21.3B have been placed onto the market. So, the company have authority to issue a further 1.7B shares. (which is about £180k worth)

Hope that helps.