Member Info for bigsmoke

Trying to work between the old money and new money after a few jars.

This investment happens at 1.2p then they split 10 for 1, with 9 junk and 1 ord. Then consolidate 100 for 1. So now 10p shares (warrants now exercisable at 12p per share). But the further £10M then needs to be raised at 12p.

They asked AI how to raise money and it just hallucinated.

"...it is the intention of the Company and the Investors that Cykel AI raises not less than £10,000,000 to further support its strategy, such fundraising to be at a price per share not less than the exercise price of the Pre-Paid Warrants."

Another £10M must be raised at least 1.2p.

wozers.

You would say that having bought back in at 1,6 like you said. !

Gulllllllllppppppppppppppppp

Makes the Darien scheme look like a success.

Sol - if it is bought, its gone.

They've finished the duedil, their turn to make an offer.

What "Documentation"?

Can't be real

Probs just me, but the language is a tad off. is the documentation at final stage, near final stage, or is "at" qualifying "near" which gives flexibility to whatever "final stage" means?

- just how hard it is to get a YES vote through in Scotland..................................

"you can be sure it will say they need to make more "substantive progress" despite making "substantive progress" after the initial "substantive progress" had been made"

doesn't that track with Ice's theory - that they are stuck?

As much as i'd like that to be the case, i'm not sure it reads that way Ice. sounds like the "final stage" docs are to ensure the lenders are very clear on what they get - thus consent to the making of the formal offer and the equity panto continues.

Down to daily extensions - silly

Why are the docs at near final stage when it is "proposed" and subject to vote?

Soz kando - was more rhetorical.

Seems more like a pressure cooker building, than fizzy cola going flat.

If they were close at the w/e and asked for three days, why do they need another?

Kando - if the offer is ready for after hours, why not just submit it?