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I agree Mac.....sometimes I do get accused of being pedantic & it's only semantics, but when I read something I try to understand through my own research...when others post their understanding of a situation that is at odds with mine, I therefore seek a better understanding......still, it matters not in the grand scheme of things......
Rule 6....
6.2 ACQUISITIONS AFTER A FIRM OFFER ANNOUNCEMENT (a) If, after an announcement made in accordance with Rule 2.7 and before the offer closes for acceptance, an offeror or any person acting in concert with it acquires any interest in shares at above the offer price (being the then current value of the offer), it shall increase its offer to not less than the highest price paid for the interest in shares so acquired. (b) Immediately after the acquisition, the offeror must announce that a revised offer will be made in accordance with this Rule (see also Rule 32). Whenever practicable, the announcement should also state the nature of the interest, the number of shares concerned and the price paid. (c) Acquisitions of interests in shares in the offeree company may also give rise to an obligation under Rule 11. Where an obligation is incurred under Rule 11 by reason of any such acquisition, compliance with that Rule will normally be regarded as satisfying any obligation under this Rule in respect of that acquisition
Hi Mac.....after our discussion yesterday re issue of shares during an FSP....and discussing this over on the Telegram group....it does appear that 'new' shares can indeed be issued whilst in an FSP...but not when a binding offer has been agreed...
I've nailed my colours to the mast before as to what I think the Final Sale Price will be resulting in a share price of £2.97......I've since done many revisions resulting in a new forecast ie £2.97.......to
INFINITY AND BEYOND.....
For me......we don't know where the hell this is going....those that know, know....those that don't know, including the Market, don't have a clue, how can anyone know where to place the SP....
Hi Avizandum....I'm 63 and been retired for 5years, I too, at times, have become apathetic but, I do try to keep the brain intellectually active, it takes the edge off...making the beds...putting the laundry in....what to have for tea etc etc....
Hi Avizandum..note the following statement;
"Following the completion of the Placing the Company will have cash of approximately US$$10.5m. If required, the Company also has access to the previously announced US$1m credit line which is provided by way of a loan agreement between Eurasia and Hamomelia Services Limited, a company owned and controlled by Dmitry Suschov, a director of Eurasia."