Hi - regarding the 400k - A big IF however when WDC is wound up and signed off the funds will become available. Not withstanding the 25k a month from gSN and any other cash flow I to the company (work started on the 1m deal some cash will be due but it’s presentation pre order stuff)
Gsn will be generating income along with the tab alsmost immediately!
We still see the order book being weighted by shore capital - there is no need to be sitting on the bid offer then suddenly pull them when there is liquidity. I think it should be much higher if they didn’t have their foot on it !
Few large genuine buys today!
Website is due next week , along with other commitment rns promises .
Hi - I can tell you there are 1.3m in circulation at present . Because the 230m Deal is complete , they will get tranche money regardless . They 230m will Be given when prospectus is released 3-6mth - this also Will give them additional headroom based on content roadmap of the prospectus
Sorry got the two mixed up - yes Phil is alive , spends more time on holiday than at work with the new lady. He used to trade over at marex (who I clear through) think he is a broker now. Phil Docker was the guy in Gib. You still trading ?
The 230m are for the tranche cash , which is being paid monthly over 6 payments . Once the last payment is made the shares are issued to the fund . The fund currently have 70m shares (5%) . That won’t change until the 230m is handed to them. But the prospectus will also need to be presented at the same time.