Member Info for CalmSeas

https://www.investegate.co.uk/doriemus-plc/dor/oga-approval-for-drilling-of-lidsey-x2-developm---/20170809143000P601C/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Doriemus%20PLC%20Alert

The placing would've probably been offered to the big players first. Us small time LTR's PI's as usual don't get a look in. I think basically the company was saying if there's any dregs left after offering it out to 'our friends' we'd give you an opportunity to buy into the placing. Standard procedure on AIM.

Can someone explain this to me please. Way I'm reading it is that current holders will get 1 for every 800 they own and then shortly after 1 for every 200 of that. I'm seriously confused!!

You'll probably get them as a share certificate (on a piece of paper) from your broker.

I only comment on boards I'm invested in, sure I've only got 1.8m of these but I've seen deals frequently go tits up at the last minute. Until we actually get our i3 shares I won't be counting the chickens, so to speak. This isn't a negative slant, just a nervy assessment. Appreciate your thoughts though.

I also don't like the fact that Jaap is leaving as we pivot towards the mining sector, hopefully I'm just being needlessly twitchy: The Company advises that Dr. Jaap Poll has stepped down from the Board with immediate effect. Dr. Poll joined the Board of Glenwick in 2016 as its oil and gas sector expert and during his tenure Glenwick completed a pre-IPO investment into North Sea oil and gas company i3 Energy, which is currently seeking an admission to trading on AIM. As Glenwick pivots towards the mining sector (via the Proposed Transaction), it is the appropriate time for Dr. Poll to step down from the Board

Cancellation before i3?? Maybe why a reason why we acquired Cora? The i3 investment is intended to run parallel to and exclusive of the Proposed Transaction and, for the sake of clarity, i3 shares received by Glenwick following the IPO will be distributed in their entirety to Glenwick shareholders, however this will exclude any new shareholders as part of the Proposed Transaction and any concurrent capital raising. The details of this distribution will not be concluded prior to the anticipated Cancellation. In the announcement of 15 September 2016, it was outlined that Glenwick would receive a material uplift relative to the IPO valuation of i3 on conversion at IPO. Following the announcement of 10 January 2017 that i3 proposes to seek admission to trading on AIM, it has been confirmed that the conversion price will be set at a 50% discount to the price at which any new shares in i3 are subscribed for by investors at the time of the IPO.

Excellent find. Thanks for the update

Have you heard anything positive?

Great work from the 10%!

Should know more by the end of the week. Change of focus mooted.

Thanks, much appreciated.

Hi All, excuse my ignorance, but if the result here is positive for us, will this be shown in the price or will all investors at the time received a one off payment dependant on shares owned? Thanks

3. Other. Was waiting with a big wad of cash for his entry price and missed the boat.

No I'm not new, I just do not post very often. I agree with G-Man14 as this is what I believe has happened. If you wish to know what's happening on 6th Jan Trv123, I suggest you read the recent RNS's to give you some kind of indication. DYOR and GLA.

If I'm reading this right from the RNS then the 10m @ 0.5p therefore was actually a buy to raise the necessary funds??

Here's an exert from the RNS 10.12.14 re this: The Placing and the Subscription Further to the announcement on 4 December 2014 of its interim results for the six months ended 30 September 2014 (the “Interim Results”), the Company has conditionally raised £1.59m (approximately $2.50m) via the Placing and the Subscription at a price of 0.5p per New Ordinary Share. The Placing and the Subscription are not underwritten. As disclosed in the Interim Results, the Company has been advancing discussions regarding a number of opportunities in Romania and has already secured a $1.0 million loan from Grayfox Investments (Pvt) Ltd, on the terms announced on 17 October 2014, to advance this aim. The purpose of the Placing and Subscription is to provide additional funds for furthering these opportunities in Romania.

1,000,000 at 0.81 - nice to see!

0.85 to buy

See if it spells out V A S T at 11:01 tomorrow!?