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HH in the past if I recall correctly the company put out RNS when warrants were cashed as the total shares in issue had increased. Bit as you earlier pointed out they now seem a bit lax about how many shares are in issue
When you found out the outstanding shares not issued when the consolidation took place and could be issued without the division are you convinced the warrants are divided also and are not like the unissued shares
A few would benefit from the shares to existing holders. The few in the know would make a killing last Friday. The few will benefit from the warrants including our new director who had outstanding fees of £10k. But she will get warrants as well so will be able to double her holding irrespective of where the sp is. Yes the 201 is funded but more of the same Fred I am afraid. Imo
As I understand the placing shares all have warrants attached so when the sp has been above 12p for 5 consecutive days the holders can cash in and another 18m shares will be issued for £2m. So then we will have 54m shares in issue. With the good news coming why did they need to give more warrants. Oh yes probably because the same people subscribed for the shares as when we had Beaufort. Screwed again.
So that's how they could raise the £200k and still last week double the shares in issue. HH it is important that you keep going because if the previously issued warrants were not devalued by 125 then we are swamped with another 700m shares. God help us if that's the case
Heid I posted earlier that you should pass your research on to the bod and tell them if you are correct in your findings they have broken the law and will be personally liable. Their comments would be appreciated. If they really are going to sweep with a new broom they need to make sure they are starting from a firm base.
You have been busy Heid. It must surely incumbent upon you now to send your findings to the existing bod, Mr Alexander and Mr Desler for their perusal. It appears from your findings they have been issuing shares without approval. It was previously stated that the offer to allow existing holders to participate in further issues went by the wayside when the broker was changed. Perhaps you should copy to Mr Lampshire for his comments also. Good work and we'll done
Heidhoncho got it right a couple of days ago when he said if Peterhouse have forward sold they should come clean about how much they made, deduct their fee and give Val whatever is left. But then that would mean admitting to something they say they don't do. Whatever it will leave nasty smell at their door and not enhance Mr Lampshires reputation to his new shateholders
When the placing comes next week and to raise any significant amount the 6m shares will have to go then we will have had dilution by 125 and then another 100% dilution this year and it's only into May. I suspect Mr Lampshire has a mask and three cornered hat
Quite right HH that's all the facts. When Lampshire was announced as a new prospective director I thought he would bring some stability to the company. It is now time to see if he comes with a mask and a three cornered hat.
Is it time for a rethink on the above and abandon the proposal to set up a separate company. The push seems to be on for Suzy to come in and run Val. Her time would not be best spent on running two companies. If everyone is pulling in the same direction it seems a bit daft to give a chunk of 401 to the money men to organise a joint venture when, with George and Satu gone, Val could do the JV . Could we have two joint ventures please. Thoughts