Because maybe that would affect the companies ability to trade in the EU, more red taped and administrative overhead.
This won't finish up today, no chance too much selling into every rise.
Is that a hammer with a picture of a Bull engraved on it
EQT is traded on AIM
I think there is more to it then just being an AIM stock.
Previous management was very poor and I’m sure that still has some influence.
The sheer number of shares means there is a lot of holders who have short term price targets.
The company has still not reported a profit in annual reports, though I’m sure it will do this year.
Then price has spiked regularly which provide huge selling opportunity which I feel causes some to panic sell
What does it matter if they were buys or sells!!
They were large trades at a high trade price
Nice sedate pace,
Prefer this to be honest no sudden increase or sudden drops.
I was worried that the late surge yesterday would cause a mass of profit taking followed by a drop.
But they have been accounted for because they will be shares at some point
I bet after he's introduced he says "Thank you for the opportunity!"
:)
@gkb47
if Jubilee wanted to settle, the terms of the CLNs dictate that they would have had to pay the entire 6.6 Million + Interest in a single payment and Jubilee would have issue warrants to ACAM to the value of 50% of the paid amount I'm not sure what strike price would be used for the warrants.
Also the II paid 13 pence per share not really a severe discount and lets face it we have only been hitting these levels recently which means when these discussion were started the suggest price per share was at a premuim
@Gray
Keeping the money in the company as far as I am concerned is better then paying it back for the following reasons:
1. capital invested at this stage is more likely to give a better return
2. According to the terms Jubilee must pay the entire amount off and must issue ACAM warrants equal to 50% of the amount of the loan + unpaid interest (Warrants = More shares anyway)
Anyone know the date of the RNS that reported the issue of the CLN that has just been partially converted?
@Jasonx
Yes I know that see previous comments on this thread.
@TBTT and Grey1
The CLN would have been converted at some point so what's the problem
Hi B2B,
I thought there would be more money initially but after thinking about it and re-reading yes I agree no money from ACAM but maybe some from the remaining shares?
Regards
Craig
The placing was at 13p how is that really discounted.
And JLP now have 14 Million in the bank to expand operations, same thing as the last placing in Nov 2019, this isn't to keep the lights on this is to invest.
Am I right in saying that Rhodium has gone up another $800/oz today
does it not mean they can convert the interest into more CLNs at 5% interest, maybe the strike price for those loan notes would be an average SP for a given time period when the CLN was converted
And the placing wasn't discounted
Dosen't strike me as bad news,
80 Million shares were part of a convertible loan note that could have been converted to shares at any time.
another 14 Million share were owed to Leon, in lieu of salary, it appears how I have read it that he as forgone the shares and just taken the salary back pay instead.
Please correct me if I am wrong anyone.
Market seems to like it as well
I prefer this slower increase to be honest, less for the day traders to play around with and I feel less likley there will be a severe reversal