Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Darien Taylor terms not disclosed how much more info do you want from them. The set up fee, the commission, the loan term, the shares issued to repay, the warrants and future instalments if needed.
Seems no one agrees with me that a set value rate has already been applied to any sales Riverfort make to shares. If they sell below either of the set rates that's their loss and nothing Sareum have to compensate them for. More likely that it would be the four lowest VWAP dates of the 15 days prior to the loan agreement. Right now I would think they are recovering the commission and the 4.5% fee.
Reading the RNS and using my limited maths. There is NO interest paid on the initial deposit and future deposits up to the fourth. There is a 4.5% charge on each and the initial 50k set up fee. Any sales Riverfort make irrespective of what they sell at are deemed to be at 130% of the initial 102 valuation or a discount of 10% to the lowest four VWAP days PRIOR to the deposit and future deposits. Not knowing what the VWAPS were before this was announced somebody somewhere will be able to tell us. But to me if Riverfort sold all their shares and trashed the SP making say just 1.5 million back in cash Sareum would just turn round and say well that was your fault for selling and the agreed price in the terms was 102 plus 30% per share. If the lowest VWAP for four of the fifteen days gave a share price of say 108 less 10% roughly 99 per share, Riverfort may make a small loss which Sareum would have to issue shares to make up. I don't think it is in the Death Spiral terminology being used to frighten people. Is it not right that the share values that Riverfort now hold actually had values given to them st the outset of the deal. The SP decline if any after they do sell any has no bearing on the SP Riverfort and Sareum have agreed to. The only event that can change those terms is if Sareum do another placing.
Or is that too simplistic?
Thought you would be on your way to the Hotel du Paris by now on the back of your Sareum short. Better WiFi there than Santorini so you can be on this BB even longer. Save us all please.
Yes they would be entitled to extra shares to cover any shortfall by trashing the SP. They would also lose out on over 1 and a quarter million from the warrants set at 1.43. Think they would make more from selling the warrant shares.
Why not an ordinary placing to shareholders. Would have been happier with that. Trading4good is right it's not Riverforts usual type of deal so not death spiral. Just wish we could have had the chance first.
I think it will be something along these lines.
The DaaP sale has gone through and the money released to the specialist brokers to pay out. The buyer wishes to retain secrecy for a while longer but has okayed the release of funds from Escrow accounts. Cloudtag have no further involvement with the transfer of funds and will cease as a Company. Amit Ben Haim would like to thank all shareholders for their patience and support through these last turbulent years of Cloudtags journey.
A month later one last update on the Cloudtag site.
Cloudtag regret to say the Specialist brokers entrusted with payments to shareholders have run off with the pigging money.
It is a good post but we also need these escalations od the trials to be announced either by RNS or just good publicity. Get people interested.
Even the day dream shattered now. Thanks Potnak.
Is the first two cohorts on Phase 1b to all come out of trial with Psoriasis clearing up already. Pharma would be chucking offers at us. Then Cohorts 3 and 4 the same results showing. More offers flowing and the canny BoD saying we need to evaluate. Two months later the first two cohorts regress a little which shows they would need a further dosing every six months. Absolute Bingo not a cure but a continuous treatment. Abvie BoD camped put at Pampisford tongues lolling cheque books and share options in hand. Sixteen, Eighteen who knows how many billions.
Then I woke up and we still hadnt won the Premier league either.
RkTech I still think it might be some vindictive toerag who has hacked access to the site just to heap more misery on holders. Having said that surely ABH would have denied all these updates if that were the case.
Not long to go now though. AGAIN!!!
So you state he doesn't need to declare them. Then you state because the website doesn't say his shareholding hasn't increased then he hasn't issued shares to himself. So which is it?
He is probably paying himself in share don't you think for all his work selling the DaaP.
If he is paying himself in shares then he has to declare them. If he has done a deal which we hope he has then great m. Well deserved share options for him.if he hasn't makes no difference to us if it's 300 million share or 3 billion does it.
So knob off D..head
Yes but the first phase lasts six weeks then time to evaluate for the SRC to allow it to move on. That said they do seem to allow things to move on quickly over there. As Smart says every good update from now on should move the SP.
Joke this fella is, or is it him. Has the website been hacked by some vindictive c.nt. If it had wouldn't ABH have stepped in to say its not true.
This really should be highlighted to the news groups for them to investigate this fraudster. Chuck the whole Ven Haim family under the spotlight might stop this pillock going a c.nt.
Thought, and we'll hoped thee might be something in this. But this twisted vindictive little tw.t and HIS family want dragging through the courts. Absolute W.NKER
Like that HBD.
Everyone's dead.
Hopefully not the case funny though!
Ah right thank you I don't follow all this type of thing but thanks for highting to everyone.
Hopefully it's work in the background that benefits us all. Well done thank you.
Forgive me Hellie so what are you saying?
Well Belhus hopefully your lot aren't resting on their laurels come Sunday you need to beat Leeds, please.
Have to say the videos of the trouble last night were shameful. The two West Ham lads who stood them all back should be applauded but no doubt will probably get a ban, hopefully not. Not condoning violence but they stood up to protect their ownunlike the Stewards and Police.
Hopefully there is something in all this and it's not some cruel hoax by a right.c.u.n.t.
Being in HL and my shares in a visible account is great and if it's true no problems give me the cash. What happens to the people with paper certificates surely no one in their right mind would give bank details to Amit. Would they wait till people with Nominee accounts fill this board with cries of yippee got our money at last. Or would the Agents say they are dealing with paper cert holders first then the nominees. If that happens that's when you know it's still a scam.
Good luck everyone hopefully Amit's family are helping us out.
Doesn't it say the Agents will provide the necessary documentation for people holding certificates. All those within Nominee accounts eg HL will be paid directly.
Who knows?