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No, only the ones who held the stock the 16th of February got them. It's impossible to get preferentials any more.
Common shares will get some exposure to the award too, but comparatively is way too small for the risk imo: 50% of the award, +-35% of that for lawyers, another 25% for taxes, minus millionaire performance bonus for management, minus the expected dilution which is going to be probably the main problem here as process will take years... and whatever is left wont be valued at money value as it wont be distributed, I'd expect at least another 20% discount on top.
I think there are better risk reward options with earlier finish lines than the commons: Personally, I sold my AST.L commons and will play the award with the preferentials as I cannot sell them anyway, and moved the cash to Montero Mining MON.V which is trading at $0.21 and should get to $1.5 after an award this year with way less risk in the trial, as their case is a copypaste of the ones already won by IDA.ASX & WINS.V, even lawyers are the same
Hi All,
new here, just starting my dd, does anyone know what are their pending arbitration cases? seems in their web there is only info of some class action lawsuits. Does anyone have a list of most impactful pending arbitration cases or know about some of them? saying who are the companies/claimants would suffice so I can research about the cases,
thanks in advance
They're probably the only ones worth holding imo. Holders of preferent shares receive 50% of the award through a dividend. The other 50% is reinvested into the company. Preferent shares are non tradeable. When there are placements and number of common shares increases, number of preferent shares stay the same and do not get diluted.
Just a reminder that the ex-date is today Friday 16th February.
Meaning that one can sell their ordinary AST.L shares and still get the non tradeable dividend preference shares.
The ones who buy today will get only the ordinary AST.L with no dividend share attached. To get them the only option is go back in time and buy yesterday as they are not going to be tradeable.
(because trades are actually T+2 etc)
Just saying that it might be plenty of reasons to sell but not getting paid if they win is not one of them. ICSID is no joke. Is signed by 163 countries. If they refuse to pay, Slovenian assets in any of those countries can and will get seized.
@Kashdog case is against the Republic of Slovenia under ICSID (International Centre for Settlement of Investment Disputes). If they lose they will have to pay. They have no alternative. What happens when they refuse to pay is they get their assets seized, i.e.: [LINK REMOVED]
@BillyBob99 the award if won, is up to €656.5M, plus interests, plus litigation costs = probably around 750-800M gross.
51% of net proceedings is reinvested in the company and goes to the ordinary AST.L shares; and 49% of the award distributed as a dividend in the new preference shares (this new dividend preference shares will be given to the ones that are holding ordinary AST.L stock on Monday 19th February 2024 at 6pm, -as in if you hold 1 regular share on that date you will receive 1 preference share on top-)
@oldblue1973 I was talking about the trial against Slovenia. If they get awarded full claim they get 650m cash as what they are asking is for compensation for damages.
Slovenian government does not need to underwrite anything. That's the beauty of ICSID disputes, they are not appealable and claimant can and will just seize defendant assets if not paid on time (and Slovenian government cannot declare itself bankrupt so...)
Also noticed that warrants are at 5cents so they can be ignored for award distribution purposes (if SP doesn't go to 5 cents before 19th February) making it a lottery ticket of 10000% potential