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absolutely we needed this. this is brilliant. new main man to come on board?
some people cant even read an rns.
we never wanted diluted down until we had someone we had faith on board hence votd against resolution4.
Now that is the clearest signal that bod has listened.
we are cash shell ..fantastic.
The Company has already met with a number of promising potential acquisition targets and whilst no guarantee can ever be made to the execution of a successful RTO, it is the Board's intention to identify and execute a reverse takeover in prudent haste.
prudent haste...not hanging about!!!
now all we need is the new captain of the enterprise announced!!!
and we can journey to new ventures:)
cant buy jack???
as i posted in to auction???
sell what you want .cant buy jack???
Early bird ???
This imho is going to be 1 of the hottest stocks in short term.
Now if placing been forward sold???
Then? People so hypnotized by sp can't see
What is under their noses???
Some probably didn't see the result of meeting
Until after market closed Friday.
New week, new co. New dawn? Gl all holders
People sold out Thursday, some banking profits
From rise during week.others being more risk averse
And not wanting to hold for meeting in case didn t
Go our way???... well meeting nailed what we wanted.
Hopefully we can see in short term another
Positive move by co. Which will signal a paradigm shift????
This is what many missing. We are still out
Of synch 're valuation. Directors got stock at 0.02p!!!
Surely Fridays successful gm should have
Improved our valuation? We are now cash shell. Name change agreed. All we now to be shown is rto target?
Plus why is antos glogowski here???
Co. Valued 900k????
, a total of 120,000,000 new Ordinary Shares will be issued to James McKenzie, the Company's CEO and Jonathan Freeman, the Company's Chairman in lieu of unpaid salaries at a price of 0.02p per share (the "Director Shares"), as per the table below:
RNS Number : 3185N
Photonstar LED Group PLC
17 January 2019
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 ("MAR"). In addition, market soundings (as defined in MAR) were taken in respect of the Placing with the result that certain persons became aware of inside information (as defined in MAR), as permitted by MAR. This inside information is set out in this Announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of such inside information relating to the Company and its securities.
17 January 2019
Photonstar LED Group PLC
("Photonstar" or "the Company")
Issue of Equity
Photonstar LED Group plc (AIM: PSL.L), is pleased to announce that it has raised gross proceeds of GBP100,000 via the placing of 500,000,000 new ordinary shares of 0.01p each ("Ordinary Shares") with new and existing investors (the "Placing Shares") at a price of 0.02p per share (the "Placing"). The Placing has been undertaken by the Company's Joint Broker Peterhouse Capital Limited.
The net proceeds of the Placing will provide the Company with additional working capital and will also enable the Company's board to evaluate new business opportunities. The Placing will also further strengthen the Company's balance sheet.
In addition, a total of 120,000,000 new Ordinary Shares will be issued to James McKenzie, the Company's CEO and Jonathan Freeman, the Company's Chairman in lieu of unpaid salaries at a price of 0.02p per share (the "Director Shares"), as per the table below:
Director Number of Director Beneficial shareholding Percentage of Ordinary
Shares to be issued following Admission Shares held following
Admission
James McKenzie 60,000,000 94,841,953* 5.0%
Jonathan Freeman 60,000,000 73,659,661 3.9%
*Figures include ordinary shares held by Mrs F McKenzie
Application for Admission
Application will be made for the Placing Shares and the Director Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). The Placing is conditional on Admission and it is anticipated that Admission will become effective at 8.00 a.m. on 22 January 2019.
Related Party Transaction
James McKenzie and Jonathan Freeman are Directors of the Company (the "Related Parties") and the issuance of Director Shares constitutes a related party transaction in accordance with AIM Rule 13.
Martin Lampshire and Majd Zoorob, who are not subscribing for Placing Shares or being issued with Director Shares are therefore considered to be independent directors for the purposes of AIM Rule 13 (the "Independent Directors"). As such, the Independent Directors, having consulted with the Company's nominated adviser, consi
Really interesting post.
The nineteenth-century American poet, James Whitcomb Riley, once opined that, if it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
Now, don your investments caps and follow me.
Anyone heard of Guy Miller? You know, the director of corporate finance at Peterhouse Capital? He was the head honcho of ARH Leisure Investments plc, a NEX Exchange Growth Market company that subsequently acquired Frontier IP Group plc by way of a reverse takeover. Anyone?
Well, if I were to tell you that Guy Miller, the shrewd company-maker, currently holds a 4.5% stake in PSL you’d probably charge me with irrational exuberance having unduly boosted the company’s investment case.
Alternatively, if I told you that Guy Miller is the managing director of Gledhow Investments plc, the AIM-listed investment company with 250,000,000 shares in PSL you might, quite rightly, sit up and listen.
Better still, when I tell you that monsieur Miller is rumoured to be working with the wealthy British financier Antos Glogowski, President of Scotia Exploration (gold mining company) and Director of Coeur Gold Holding and who, in his previous investment banking career, raised in excess of $50 billion in funding for Daiwa Securities, one of Japan’s largest investment banks, you might bark the unsavoury but apt remark, “What the ….!”
However, if I told you that Antos Glogowski has not only had the National Commercial Bank of Saudi Arabia, members of the Saudi Royal family, the Habitat Group, the Al Anghari family and the Nafisi family as clients, but he has also advised several governments on how to invest in Japan and personally managed funds for clients including the Kuwait Government, the Nigerian Government and AIG Japan, you might, once again, bark the highly unsavoury but apt remark, “What the ….!”
And so you should.
The entry of these City heavyweights has not only brought to the market’s attention a company that had, until this point, largely flown under the radar of even the most avid follower of the small-cap sector, but is also a strong indication of what is to come in terms of possible RTO targets (Scotia and Coeur). Thus, the potential upside currently being sported by PSL is substantial.
http://www.scotiaexploration.com/people.html
https://www.heraldscotland.com/business_hq/13056933.new-foundry-could-make-scotland-world-leader-in-supply-of-turbine-parts/
http://www.stockmarketwire.com/article/4081034/Acta-wins-5-point-2m-deal-with-Boreas-Wind-Group.html
http://www.coeurgold.com/
Everyone sleeping? We have just become a cash shell.
Stopped further dilution without control.
Why is antos glogowski holding 14% in psl?
What r his plans?
Top 3 resolutions have opened us to new
Business/ name change and raising further cash
If needed but under our discretion...
clean shell voted through. future shares issued under control so cant dilute us guys out . I think we need someone with experience that we have confidence in to move us forward and take us to the next level.
a new chapter for psl future prospects and growth.?
best to get someone who has a decent amount and has well rounded background in growing/running successful businesses???
any suggestions?
hoping we guys do very well. well done the guys who stepped up:)
announced rto and their plans in 1 go...here they have forward sold and now are panicking they dont get caught out on vote???
the fact they fired out the rns last week shows they have got an inkling they arent going to get away with it.
fact is i cant even buy 1mill shares at moment. my 10mill fok order they knocked back.
Remember the game a foot is worth a lot of money to them and to us. we get diluted down here ..we make less money but we take maximum risk. they dilute us down here, award themselves and mates shares and warrants. and they buy after rto delivered. so they get lowest buy price /no risk/and maximum benefit???
is that fair?just?
IF they dont need cash why ask for authority now??? can do after rto???
And if as you say they havn't burnt through cash, then no need for asking authorty to issue shares??
and lol they first issued at 0.02p???then killed us by issuing at 0.01p??? thats a 50% drop in value???
and you believe these charlies wont issue down at the bottom to line their own pockets??? need to wake up mate and smell the coffee they are giving you to drink...laced with arsenic???
to unite and actually attend meeting???
have you read the rns???they have conditionally awarded themselves
In addition to the Placing, two non-executive directors, John Treacy and Jonathan Freeman have conditionally subscribed for a further 240,000,000 new ordinary shares (the "Director Subscription Shares") at the Placing Price, subject only to the passing of resolutions granting the Directors authority to issue and allot new ordinary shares otherwise than on a non-pre-emptive basis to be put to shareholders of the Company at the to be convened general meeting, details of which are set out below.
if vote through 4 these guys have already spent/issued 2.4bill of that stock???? so what is going to happen with the
other 3bill???will that get issued day after??? and then they jump ship???having diluted us US the shareholders out of our company???
we are the owners of the company not the bod...they got 75mill between the lot of them!!! £7.5kill only!!!!
But happy to take 250mill shares at 0.01p ie happy to put £25k in after rto???after all the risk is removed???so they can enjoy the fruits of someone else labours???
why arent they buying now????
If this bod cant even control their expenses before they are even running a co. Best to get somone in who will raise confidence in bod? has taken a big stake in the co? ie put his money where his mouth is??
Date
01/04/19
Time
12:09
Stock Name
PHOTONSTAR LED GROUP ORD GBP0.0001
Action
Buy
Order Type
Market
Symbol
PSL
Quantity
50,000,000.00
Limit Price
Price
£0.000107
Consideration
£5,350.00
ive just bought that. the bod in total have 75mill shares???? give us a break. rather have antos in who has 14% of co?
Simple question where has the cash gone in such quick time? These guys arent running any businesses. They have sold stock and imho gone short. Now if they were above board the rns from last thursday wouldnt have been issued. Instead they now know if they dont get vote passed some peole maybe facing more than their p45 forms!!!