Member Info for AnthonyJames

Basically the fundraise has been completed at 12.5p and the share issue has been re-organised with a 5:1 consolidation, which means the 12.5p fundraise is actually 2.5p "old money".

A 33% or so discount to the share price at suspension. I expect the market will take this higher upon relist. We don't have long to wait to find out though as this should be tomorrow.

I read it as the placing price was completed at 12.5p and there is a share consolidation of 5:1. So 2.5p. But 2.4p/2.5p whatever really... Disappointing for existing holders but I have no doubt this has a big ramp ahead.

Thank you for this.

So an equivalent placing price of 2.5p “old money”?

Bit a kick in the nuts for those who have held all this time and particularly during suspension. However, I do think it’s set up for a decent ramp, and at least it’s coming back. There was a time when I thought it was going to become a zero.

Hmm, if that is the case and there is a 5:1 consolidation, the placing price may only be 1.2p in old money. Which is quite an alarming discount and will be a real kick in the nuts for us who have had to ride suspension for years.

I'm not so sure. It says there will be 83,678,396 new shares and the company will have an enlarged share capital of 90,088,396.

83,678,396 into £5m = just shy of 6p. However, I don't understand how that total plus existing creates 90,088,396. Maybe a consolidation? Very confusing!

The company has made it clear they'd prefer to see warrants exercised as there's a lot of funding available there. They better start pumping the SP!.

Pleased to be first on the new page for this one! No doubt we have an exciting few months/years ahead.

Yes the 1m was clearly a buy if you look at the time stamp and live trades at that time.

Super tight book here and tiny market cap. Check the chart. It shouldn't take much to give it a very big move.

Pretty astonishing they've managed to place over £1m at the current ask, especially as directors have taken around £100k. Really looking forward to seeing this re-list. I understand the book was tight and the company have plenty of news to come.

Probably means it’s a good chance to buy?!

Intriguing RNS today. Take it as you will, but I've read this a few times and thought about it a lot. Sounds like a government insider trying to get in for their slice of the pie? Feels like the settlement is done.

Risk accordingly.

Hi all. If you haven't already, please can you register your votes in favour of the fund raise with the registrar by 10am tomorrow? You may need to contact your broker to gain the form. I think it's important we all get behind Richard with the new direction and the first step is approval of the financing. Thank you!

The RTO was a dead duck. The regulators were having none of it and imo have severely screwed us. Sadly, a fundraise and relist was the only option to truly protect shareholder capital. They've now got a whopping cash balance vs market cap so no doubt there's further chapters to this saga.

I may be wrong, but the FAQs pretty much indicate this deal is going ahead regardless of the listing? I guess they have back up plans for another exchange if AIM continue to play silly b**gers.

I still have faith in the team.

Because they expected the RTO to go ahead just fine but regulators have scuppered that and they weren't certain until recently?

BTW I hope everyone spoke to Richard and expressed their thoughts? That's what he was after. A good idea of general shareholder sentiment.

I don't think we have much option but to sit it out now, wait and hope they can pull a rabbit out the hat?

I can't imagine Truell will let this go without a continued fight. And I guess there are other options, other exchanges etc... ? Richard is keen to ensure maximum shareholder value for himself as well as us.

Just keeping everything crossed here as it's def not dead yet - even if we are no longer listed.

Just to follow on from yesterday, ALL we need is clarity as to whether the admission document is going to be approved by regulators. If it is, but it's slightly after the 20th, then in my view there's no issue. But if we head into de-list with total uncertainty on the RTO then there is of course a huge issue.

Upon re-reading the RNS multiple times I realised that the GM isn't actually to approve any deal. It's to give the BOD the power to alter and go ahead with a deal once the listing has been cancelled. However, from experience, when a company delists from AIM, it is rare it comes back. We NEED to know that the RTO is either confirmed or will be confirmed imminently after 20th. The Nomad is the person who needs to offer advice on whether the revised admission document is likely to be accepted or not. They are the ones we need to be chasing and, if it doesn't look positive, the RTO needs to be cancelled asap to prevent a significant issue upon delist. This is only my view of course, consider your options and let the company know. Richard has asked for shareholder's sentiment. He's a genuine guy. Reach out to him.

Hi Henry, unfortunately the RTO is not finalised as Sabien still don't have regulatory approval for their admission document. If they can get this by 20th then perfect. If not, the listing will be terminated from AIM and personally I don't believe it would be a straightforward process to get it back (unless the RTO is a formality and AIM agree to another short extension). I could be wrong, but that's what my research suggests.