RE: Warrants18 Aug 2022 16:07
No. Of shares before OO
No. Of shares after OO
Divide by 8 = No. Of warrants
BEFORE OO = 458,482,117
AFTER OO = 580,317,053
DIVIDE (any number combination (add, subtract, multiply) of your IQ choice) BY 8 = utter poppy****
its hardly surprising after all these years this numpty is still losing money
CORRECT answer to your question LR is of course as per the details laid out in the RNS
"As a result, the Company has raised in aggregate gross proceeds of approximately US$10.4 million (£8.5 million) pursuant to the Capital Raising (including pursuant to the Placing, the Subscription and the Open Offer) through the issue of a total of 121,834,936 New Ordinary Shares and 60,917,237 Warrants"
ergo it's 60,917,237 warrants with the option to exercise (or not) @ 9p a pop
IF all of the warrants are exercised the total number of shares in circulation would then be:
(580,317,053 + 60,917,237) = 641,234,290
c'mon Essex its not rocket science
but then again neither should be remembering just how many shares one 'claims' to be holding this week or how many different aliases one has operated under during all of those years
ain't that right Garbled :-)