Today’s RNS28 Sep 2020 23:06
I don’t know much about cash conversions but I’m guessing that the agreed price 22p was agreed at the time of the loan. TBH it feel **** as a PI that any rise or look of possible uptake on the SP is hit with a hammer. However, this could have been worse, it could have been the full loan and the interest. It would have been easy for GDR to say, just transfer the interest into shares, but they paid that. What a deal though, loan a million, get paid interest of £134k, then get that million transferred into shares which are 5 x higher on this mornings value. That mill is now worth, not exactly 4.5 times 4.5 million plus £134k. If the funts start selling their shares straight away, it’s a joke. They had already sold their holding down preempting this move. In fact PIs are the only ones not making a coin. DB I hope you read this as and get us the bulk load investors some decent news.