RE: Suspension6 Oct 2019 14:32
Answers to your questions
a - no trading can happen as soon as we are suspended which we believe will be Monday. But we shareholders have given the company Authority to allot a further 25% (from memory) company shares so yes there can still be a dilution this year of 25% that may be used for fundraising or it may be used to be given to a particular person or Institutional Investor. We don’t yet know.
b - we all believe that AG remains heavily invested as he bought the warrants exercisable on an RTO in addition to his 15% holding and to date there has been no TR1 to inform us otherwise. We all know that there are sometimes games that are played but you would think if he reduced his holdings we would have been notified by now and if we have not been notified there will be some serious questions raised I am sure if a TR1 lands on Monday saying he has sold out. So yes he should be locked in like the rest of us.
C - The market value of any potential RTO target will be determined by the their current balance sheet, what assets, turnover and profit they have, what Sector it is and would have been determined by the Directors, accountants and financial people making the deal. This will get translated into MM trading, market sentiment of the target etc when trading resumes. So I would think an initial ‘floatation’ price will be predetermined but that would quickly change based on investor sentiment and how it trades.