Member Info for Bigstylie

Tiger09

Yes pretty much. Mpl made an offer, thought It was agreed. Kt wasn't. Debt sold to higher bidder. Mpl then offered more but debt was gone. Court cases against process followed. Nothing wrong. Fast forward to today.

Tucky

I shared a link with the creditors. Other annexes have non secured creditors. Could be these attended to hear the proposal. Could be they are part of coc. But I said to look in annex 3 to see the coc voting rights. Draw whatever conclusions you like but that's the official court recognised picture a few months ago. Could have changed since then of course......

I do recall seeing NAV at 100 million in the accounts a couple of years back.

Grateful if you could provide anything to back that up?

That was all dealt with before the courts last year. The three banks did nothing wrong and the debt 'assigned' is because prudent arc bought the debt. This story is way older than the last week.........

Https://ibbi.gov.in/uploads/claims/generate/CLAIMS1767874686_24103.pdf open up annex 3 for the coc percentages. Basically prudent arc have the decision to make.

Not quite.

One creditor opposed the offer and the debt was sold to prudent arc ltd. Prudent arc hold over 98% of the votes on the coc as per December filings and another entity holds the rest. The coc appears to be comprised only of the two secured debt holders.

This year the trading statement is 26/09.

Just a thought. Who has 3.3 million shares they are potentially going to give to MA, given these are physically settled trades?

Do I read this right that MA has sold Put options expiring over a period of 3 months? How does that increase his holding?

This appears to me to be simply a restating of ogifs actual position in shares held, that has now reduced as a percentage value of the company (given the new shares issued). Not really anything to be excited about.

In Graham we trust. 10p by 10th July.

As I said. The bid and ask are exactly the same as yesterday. Optimism is good. Sirius minerals delusion is bad .

The bid and ask didn't change so good luck anyone wanting to make that 10%...... Certainly not positive news. Perhaps this is the bottom.

I have 2.3 m that just turn to profit today (that 60% dead cat bounce killed me) so hoping for a slow drift down from here and no bounce tomorrow.

Chief. I found the problem. In your comparison grid you use 1275000 and in your calculations you use 1250000. .112x1275000 is 142800.

Reverse split comparison
1,275,000 units | Day 1 | Day 2 | Day 3
Before split | $0.014 | $0.028 | $0.056
Value | $17,850 | $35,700 | $71,400
--------------------------------------------------------------------
850 units Day 1 | Day 2 | Day 3
After split | $21 | $42 | $84
Value | $17850 | $35700 | $71400

Or should I simplify it some more?

After split is 21 per share not 10

I got it but check your math for 850 units at the consolidated price from your base of 0.014. I did it for you a couple of posts down. No difference in total value so no difference in compounding.