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How sad to see the back of C.C. Not.
Great interview. The enthusiasm and honesty contrast sharply with those of the TW@
My understanding is that firms were able to submit a draft application to the FSA up to 31 December 2020 and get free feedback from them on, eg what if anything was missing or insufficient to get an actual application validated.
So I imagine our rather well clued-up co-CEOs and their legal advisers took advantage of that opportunity to make sure all their ducks were in a row for their actual application. News soon, I expect.
Very kind of them, Fred. A better initiative would be to post the up to date list of validated applications on their website, starting from now!
The FSA’s intention to publish the list of validated applications on 1 April, rather than as and when each application is validated, leaves retailers in the dark about which products to discount or return to their manufacturers until beyond the last minute. What is it about 1 April?
Peter Piper,
I guess the answer to your own most recent question once again lies in a closer reading...."shares to which voting rights are attached, already issued, of an issuer".
The shares to which one would expect John Story to convert his Loan Note will be new shares, not "already issued" ones.
QED.
Peter Piper, you really need to read properly.
Story's loan note matures at the end of this month, so that's a further 5.5m shares he will pick up if (inevitably IMHO) he chooses to convert at 6p/share.
If the 2.6m shares he had purchased were due to early partial conversion, the company would have had to announce as much via RNS, also specifying the new number of shares in issue, admission to trading etc.
So he bought those on the market. A confident investor. You?
I agree, BlackDog, except that John Story (a UK-based HNW individual unconnected to Ox, our largest shareholder), went from 6.26% to 7.59%, which is an increase of 2.6m shares.
I understand that ZOE have been offered cash by (potential) investors more than once over the past many months and have refused it, as they see ways to manage their cash flow without dilution. So do I.
Slim, I would think. He was apparently happy to be diluted in the IPO at 5p...
And will own yet more when he no doubt converts his £330K loan note into 5.5m shares by the end of this month
RNS just out.
#followthemoney
#takethatTWat
Just the one side-effect (posting the same thing twice)
Seemed to - more reliable sleep, and less oldie hip-pain. Enjoy!
Seem to - more reliable sleep and less hip pain.
In my experience (3 orders to date), they arrive very quickly - 1 or 2 days from order. Enjoy!
If he’s really gone long, I guess he won’t need all that asbestos to protect against burning shorts. It’s all becoming clear...
No RNS to announce that share trading was resuming, huge rise yesterday and before, and now this!
Previous RNS claimed Path had just (mid Feb) pulled out of a deal to buy some assets from ZOE. Not true - Path never published the prospectus that was a condition precedent, and failed to complete the transaction by the long-stop date of 31 December.
To cover their failures, lies, a libellous attack on ZOE and now a thorough shafting of their existing shareholders.
Warrants an FCA investigation. Steer VERY clear.
That’s awfully clever of you, Robbie. Shame you didn’t close in the 60s but never mind, it’s only money.
I'd need another lifetime or two to spend x times £25!
Thanks very much, bluerill. I guess you can't share a link/the source?!
It sounds as though it was written by some people that have actually researched FACTS, not just thrown random and unjustified mud - for whatever reason.