Member Info for Bannor

.... so what's the chances of them issuing those warrants @ 1.7p in the event that the repeated request to disapply pre-emption rights succeeds????

..... Hmmm & I wonder if these 'conditionally signed terms' are more or less binding than a LOI like the one we had with Hesperian that disappeared in a guff of smoke ..... oh did I say guff instead of puff ... maybe that's why it smelt so bad 😂

....yes they would.... will we get them before or after we get diluted in the placing that's also definitely coming ... I now suspect the signing/funding from our unknown (cough cough) investor might not happen until we've got our 10-15% in the bank to go alongside & pay for our share ..... the other concern I now have is that by simply saying 10-15% infers to me that there is not yet a definitive agreement on what our contribution will be & therefore how definitive is the whole thing - surely if they're that close to signing a definitive agreement it would have been drafted for review by legals with the amount & % of our own contribution would have been determined by now 😕 ...

..maybe they're still considering the issuing of warrants to those poor poor individual(s) who needed more easy money by increasing the SCAP by over 10% but never created a TR1 requirement!! ... I suspect they may be hungry & starving again 🤔 .... nope I'm still of a mind to vote AGAINST allowing the dis-application ... after all these years of waiting I can wait a bit longer until they come up with a better suggestion.

It's good that they took the opportunity to engage with Shareholders as they indicated they would after withdrawing resolution 5 due to its clear failure .... I did think the 'engagement' might be a little bit more constructive than simply asking again!!! 😡

Followed in June by this pearl!!....

Fundraise

Cadence has raised, subject to Admission, £402,000 before expenses (the "Fundraise") through a subscription of 31,660,000 new ordinary shares (the "New Ordinary Shares") in the capital of the Company at a price of 1.27 pence per Ordinary Share (the "Issue Price") and the issue of warrants to the subscriber of the New Ordinary Shares in the ratio of 0.15 warrant to each one New Ordinary Share subscribed for (the "Warrant"). The Fundraise was with a single sophisticated investor.

The Issue Price represents a discount of approximately 15 per cent. to the closing price of 1.5 pence per ordinary share on 26 June 2025, being the latest practicable business day prior to the publication of this Announcement.

The Warrants in the Fundraise grant rights to subscribe for one additional Ordinary Share for each Warrant held in the ratio of 0.15 Warrant for every one New Ordinary Share issued to the investor. The Warrants are exercisable at a price of 1.7 pence per Ordinary Share and expire on 31 December 2030. The issue of the warrants will be subject to approval at the Company's next AGM.

😂

You could try dilution//dilution//dilution ... not sure in which order though 😂

Anyone remember when we had just over 100M shares in issue after consolidation .... anyone remember when we had the equivalent of 20M shares in issue prior to consolidation .... Look how we've grown without the dilution coming over 320M shares in issue (or pre-consolidation 32bn)

Morning Mr J ... always happy to provide a chuckle 😁

Last reply on this cos I'm getting bored now ... FYI I am not concerned in the least that the confirmation statement is overdue nor that it will be dealt with .... nor do I need anyone else'd help or would I ask others to do anything for me that I couldn't be arsed or bothered to do for myself - I also remember very well that dealing with you is like trying to throw a boomerang away - doesn't matter how hard you try it just keeps coming back .. so don't be surprised if further goadings go unanswered.

Oh for goodness sake but I'm not spoon feeding you any more after this ....try this page then where it states the confirmation statement is overdue:

https://find-and-update.company-information.service.gov.uk/company/05234262

Google AI overview regarding confirmation statement:

Filing a confirmation statement with Companies House is crucial and mandatory for all registered UK companies to maintain their legal standing, as failure to do so can result in financial penalties, company strike-off, and even criminal prosecution. This annual filing confirms your company's basic information, such as the registered office address, directors, and shareholders, is up-to-date and that its future activities are lawful.

And just FYI I was & am very pleased with the HoT announcement.... today's announcement... well let's just say not so much & leave it there.

Hmmm ... Why am I not surprised you don't understand 😂.... however you can make it 2028 for your next appearance if you like - I definitely won't be here by then!!

.... It's all on companies house - along with a warning that the confirmation statement is overdue (this being a legal requirement subject to penalties or striking off if not provided)

anyway the who's & when's are on this page:

https://find-and-update.company-information.service.gov.uk/company/05234262/officers

Blabbergas left in 2015 the name change was under Kiran's watch in 2017 ...

Blabbergas left (or should I say ran off with his tail between his legs IMO) years before the name change from REM to KDNC ... nothing to do with him ... still suffered dilution on a massive scale though - mostly on failures so nothing much changed .... Amapa last chance saloon after PI's have been massively diluted again....

LoL ... I hear you MrJ ... my comment regarding averaging down was a bit tongue in cheek ( I may or may not) - regardless I do now expect to see sub 2p again which I wasn't until today's announcement - so will await that eventuality before I think too much about it!!!

...at least it means I should be able to average down again at under 2p in due course!!!

...their options are known about & already in the open ... what happens to the SP & news doesn't change anything in respect to them ...

You're not Kiran are you ??

...with potential dilution on the horizon 'strong buy' huh!! .... this just looks to me like an extract from the last interview so not just out of the box ...

...indeed the last time they did that the price was at 20.5p ... look how that panned out .. & there's no guarantee of such an offer anyway - still nothing to change my view on how I'll vote ... if they were really that confident they could exercise their 2p options in their entirety - that would send a really strong message - but no they'd rather dilute existing (& new) investors a bit more ...

... what a surprise another drop in the SP ... if it's not kicked in the guts by traders taking profits it's kicked in the guts by our own BoD & now any raise (if voted for) will be even lower - they could've avoided this in my opinion ....how heavy were this discounts in recent previous placings again!!!

What a shower !!!