PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Can someone explain the situation regarding outstanding warrants. Are they diluted with the share consolidation or do they retain their existing value and can be cashed in as soon as the consolidation takes place. There are millions of warrants that will swamp the 12 m consolidated shares. Can the Action Group ask the Bod for clarification.
The only proposal is Capital reorganisation which was voted down previously and showing what they think are the consequence s of voting no. The action group now need to show proposals why we should vote no again. Who do they propose to run the company. The bod have not given us a chance to vote off the existing directors so if we vote no the existing directors will vote to close it down. Who is being proposed to replace the existing directors if we vote no. No holding back now the Action Group need to put forward the alternative. Can't just say vote no and hope. My faith is still with the Group but we need alternatives
It was a presentation in Edinburgh that was on video. George blocked the release as I understand. All other presentations were shown but not Val's. Would it be possible to get it released under the freedom of information act. Just a thought
Am I right in thinking that the motion being put to the vote(hopefully) is that George and Satu be removed as directors of the company and will remain as employees. They will still be in place to carry out further duties for the company so the trials should carry on as long as they are paid for and cash is available the produce the report on 201 due asap. Clarification please.
Since there are no more shares to be issued one way for the directors to gain the attention of the shareholders would be for them to guarantee a loan from the bank of say £250000. This would enable the 201 trial to be reported and the 401 black cat deal to be completed. In return they would be granted options to buy shares when the two parts are complete. At this stage I am sure the lths would agree to enable more funds to be raised and the loan repaid and the options kick in. Thoughts?
Keep going Fred you are doing fine. The problem I have with the bod buying shares is that they will not buy before consolidation and be reduced by 125 like us. Why should they be able to buy after consolidation and have that benefit. Don't know how that is solved. I come back to my previous points.
Fit bio. What is happening with it. It cost a fortune(£250000) and is in clinical trials yet our bod have yet to enlighten us as to its purpose.
My other point is the MOU lodged with the nomads for 101.
Can someone going to the meeting on 17th please raise these points
In spite of GM saying he will listen to disgruntled shareholders he will know early next week if the vote is going to go against him. If that is the case my bet is he will pull the resolutions and cancel the meeting. I hope Fred and ValJu have a plan in place if that happens because the sp will tank
I don't think they will put their hard earned in prior to consolidation and have it divided by 125. Nor should they be able to put in after when we have been diluted. So when can they put in if they will. Give them options to buy at £1.50p after dilution