Member Info for Bebeto

52wk high to be tested this week.

49% of greenwhitestar is worth minimum of 34.79p per share here, there's still uncertainty over the future plans which is holding the shareprice down but the true worth will be realised once the uncertainty has cleared.

Once proven up, GGP will be looking to sell Havieron and not GGP.

The shareprice will fluctuate whilst awaiting news on Dbay's intentions. The new chairman is now in place, I expect the above news to come in April/May as the timeline for getting across the line nears.

There should be a paragraph of how the recent trading is going, in the 2019 final results. It won't be a detailed trading update though and we already know their services is in high demand in this period.

We'll just have to wait and see, the company was undervalued at 71p but it's now on a much improved stable footing. Whatever Dbay/ESL/shareholders decides, it will be for the better as we've all got a stake in the company, Dbay's 29.9% and loan and their actions so far shows real intent.

Basically Dbay bailed out ESL , with a loan that's payable with interest at the end date. (No in between deadline payments ) in return Dbay have got 51% of our earnings capacity (through greenwhitestar.) This deal changed ESL into a cash shell company because they have lost overall control of their business, which also means that ESL are only a investment company with 49% stake. Within 6 months of above deal as per aim rules they have to fund an acquisition (buy something) min £6M and bring that onto the market.
Dbay already holds 29.9% of ESL, they are also guaranteed the interest and loan paid in full for which they have implied it's temporary as they have said they would give the shareholders the right to participate in an equivalent economic interest (buy something similar in value to the 51% of greenwhitestar) also that the PIK notes were to be refinanced. So to do that would mean either a placement of shares , block listing of warrants or a different loan from somewhere else.

My opinion is that ESL will buy back the 51% through placement/ block list and return to a 71p-£2 company.

They became a cash shell only when the Dbay deal was concluded. They weren't one when wincanton was interested.

Dbay has already stated : "The PIK Notes will be refinanced after completion and DBAY will offer the Eddie Stobart investors the right to participate in an equivalent economic interest "

It is a cash shell as per rule 15;

Divestment or Cessation
— Where the effect of a disposal is to divest the AIM company of all, or substantially
all, of its trading business, activities or assets; and/or
— Where an AIM company takes any other action, the effect of which is that it will
cease to own, control or conduct all, or substantially all, of its existing trading
business, activities or assets (in which case such action should be notified without
delay and include all relevant information that shareholders may require)
upon completion of the disposal or action, the AIM company will be regarded as an AIM
Rule 15 cash shell.

The divestment of 51% of greenwhitestar has already taken place, creating the cash shell company. There's nothing in the rules or in any RNS that they will be selling the other 49% . In fact the rules talk of acquisitions and the RNS talk of expansion.

"The PIK Notes will be refinanced after completion and DBAY will offer the Eddie Stobart investors the right to participate in an equivalent economic interest "

upon completion of the disposal or action, the AIM company will be regarded as an AIM
Rule 15 cash shell.
Within six months of becoming an AIM Rule 15 cash shell, the AIM company must make
an acquisition or acquisitions which constitutes a reverse takeover under rule 14. For the
purposes of this rule only, becoming an investing company pursuant to rule 8 (including
the associated raising of funds as specified in rule 8) will be treated as a reverse takeover
and the provisions of rule 14 will apply including the requirement to publish an admission
document.
Where an AIM company became an investing company (pursuant to rule 15) prior to 1
January 2016, the requirements of rule 15 set out in the AIM Rules for Companies (May
2014) will continue to apply. Accordingly, if such a company does not make an acquisition
or acquisitions which constitutes a reverse takeover under rule 14 or otherwise fails to
implement its investing policy to the satisfaction of the Exchange within twelve months of
becoming an investing company in accordance with that rule, the Exchange will suspend
trading in the AIM securities pursuant to rule 40.

MDC1 & Archways great posts lads.!

I'm actually wondering if they are going to RTO greenwhitestar and list it.

That's why Morrisons are in a position to offer this:
https://uk.finance.yahoo.com/news/morrisons-to-give-staff-1050-coronavirus-bonus-135727070.html

Accumulation phase, RSI is around 25 (oversold) business is booming higher than could have ever been forecast, the price of fuel is so much cheaper it could add around 25% to the Profit margin alone. Looking like another two months of this continued windfall for the company.

I did very well in NCYT and got out when it was clearly overpriced and rampers had took hold , they need to sell extra 11-20M test kits to justify their SP.

Anyone not claiming massive returns and saying how they gauge the real situation is seen as a deramper.

Been in this share several times over the years and I've done very well in this share and will do well again. Rampers just encourage people to get overexposed.

Another clueless ramper gone, I'm invested here but play with a straight bat.!

Ever heard of an acceleration clause?

All Warrant conversions before results, exactly the same modus operandi.

Following the Share Issue, the Company has the ability to issue a further 148,532,432 shares under its block listing facility.