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Wonder why the SP is being held down.
Could it be to do with the shares held by the directors and the outcome when the options are taken.
At present the directors and trust hold approx 38% of 10.258m shares in issue. Options are outstanding of 8.245m shares with the directors the beneficiaries.
When options are exercised the directors will own over 65% of the company so if the market cap is £1bn the directors walk off with £650m.
Nice work if you can get it.
However at 5.5p per share i will be well satisfied with my holding so go for it guys.
Hope it does not take too long my forecast is 2p at year end.
The directors and trusts own 37% of the company so a substantial holding of approx 3.7bn shares. The directots have options on 6bn at .003p and 1bn at .006p which if converted would mean the directors having to put up £24m to convert the options.
The shares would have to be at a sustantial price before they would do that as they would probably have to pre sell a fair amount to fund it.
Much more likely the options are there for cashng in on a takeover.
Only my opinion
If i win the competition and i think i will the options will have been exercised and thee will be 17bn shares in issue at 2p giving a mcap of £340m.
If the shares are diluted by 125 this would give 135m shares in issue at £2.50 per share that would be 3.25 dollars at todays rate so would that qualify for NASDAQ?
By the by i think India is the fastest growing economy at present. Do they have an EV battery plant. Perhaps someone with more knowledge than me would know
If the options are taken up then there will be 17bn shares in issue so 1p would be £170m mcap so i go 2p and £340m.
I see from previous RNS that warrants have to be exercised at .0025p by 7th April or they will be cancelled.
There was no mention of warrants in the takeover news.
When 2p is mentioned it is as well to remember there are 6bn share options at .0003 and 1bn at .0006p. So when the sp gets to 1p there could be 17bn shares in issue so at 2p the mcap would need to be 340m.