Member Info for dasbig

Answers on a postcard please:
A. IFC
B. Michinoko
C. Schroders
D. All of the above

Yes, that's probably the case .... maybe...possibly :-)

or today at 12???

The sells seems strange, there appears to be another block of 92 mill sold later in the day yesterday too but in smaller chunks . We are still just guessing as to what has happened!

Really hope so, 2.4 and I'm quits over 6 years! Would be wonderful to get into profit on this. Before Christmas, ya never know with this one?

Congrats !!!! 77.526% on first close is a resounding win and looks like we are now "DVRG". 9th November is also sooner than I expected.

You obviously have a plan to buy in lower, no other reason for you comments here.

I don't agree. DVRG has a lot more than just the test. Important to vote.

And I must admit DG12 I can't understand what the 90% and 50% actually mean!!!! Someone else on advfn stated that 75% was the figure.

Is this what you mean?

1.1 Acceptance condition

Valid acceptances of the Offer being received (and not, where permitted, withdrawn) by not later than 1.00 p.m. (London time) on the First Closing Date (or such later time(s) and/or date(s) as Integumen may, subject to the rules of the Code or with the consent of the Panel, decide) in respect of Modern Water Shares which, together with all other Modern Water Shares acquired by Integumen (whether pursuant to the Offer or otherwise), will result in Integumen, and any other person acting in concert with Integumen, holding in aggregate not less than 90 per cent. (or such lower percentage as Integumen may decide) in nominal value of the Modern Water Shares to which the Offer relates and of the voting rights attached to those shares, provided that this Condition will not be satisfied unless Integumen and/or any of its associates shall have acquired or agreed to acquire (whether pursuant to the Offer or otherwise) Modern Water Shares carrying in aggregate more than 50 per cent. of the voting rights then normally exercisable at general meetings of Modern Water, including for this purpose (except to the extent otherwise agreed by the Panel), any voting rights attaching to any Modern Water Shares which are unconditionally allotted or issued before the Offer becomes or is declared unconditional as to acceptances (whether pursuant to the exercise of outstanding conversion or subscription rights or otherwise). For the purposes of this Condition 1.1:

https://www.presidentenergyplc.com/investors/faq/ .
No choice but to have patience, not selling at these levels.

So if or more likely when the conversion shares are issued what % of the Company will "PLLG" have and what will this mean. Think abuut it. As shareholders, yes it can be painful, but in my opinion its best to get the end game strategy out in the open sooner rather than later.

Reading my last three posts and the penny has just dropped.

And lastly:

"It is further intended, subject to the passing of the Resolutions that an amendment to the IYA Loan Facility be made reducing the conversion price from 4.65 pence per share to 1.85 pence per share. In addition it is intended that the maturity date of IYA Loan Facility will be extended until 31 December 2024. It is intended that the Conversion Shares will be issued to PLLG Investments Limited ("PLLG")."

(i) the Company's third-party financial debt (excluding amounts owed to IYA) will only be US$3.7 million of which US$2.3 million is repayable in 12 months;
(ii) The debt to IYA would be similarly reduced to a maximum of US$12.1 million, representing a 33% reduction since the start of the year.

The personal loan from PL should be paid off as a matter of urgency. Until that is done investors won't take this seriously. Its a conflict of interest in my book and very transparent.

Is it a sales pitch or news. Either way doesn't matter I guess.

I too bought in at the 30's. Luckily I sold out fully at various critical points on the way down. After each big drop I was tempted back in (will I ever learn). I got back in again this time at 1.85. Now need 2.5 to break even overall. Who knows ?

Not sure Darien, still feel like we are firmly on the ground :-)

Easy to sell today but very difficult to buy at the moment.