RE: e v's2 Apr 2018 22:15
A new month begins and I wonder if the company will be filing any share allotment forms?
ON 31 January the company announced in an RNS that 280,430,920 ordinary shares were to be issued in connection with settlement of the outstanding Hillgrove convertible loan. The shares were to be admitted on to AIM on or around 6 February. If so what has happened to the share allotment form which are required to be filed at Companies House within a month of the shares being alloted?
Secondly, the RNS stated that Hillgrove had "now released the debenture it held over the IP and assets of the Company, which PowerHouse now holds free and clear of any encumbrances."
Yet, looking at Companies House there has been no form stating the debenture has been satisfied. Instead, the charge is still shown as outstanding due to Hillgrove. So is the debenture charge satisfied or not?
Or is the debenture not been cleared until the remaining "64,744,645 Ordinary Shares due to Hilgrove in settlement of the Convertible Note will remain under the Company�s control for a period of 6 months from the date of this announcement" per the RNS?
The recent talk tonight about Waste2Tricity reminds me. Are there any shares to be issued to them for their monthly �20,000 retainer? The last share allotment form was issued in early September 2017, so is there about 7 months' worth to be issued or not?
Lastly, with all the talk of shares the Significant Shareholder list will have to be dated this week as the last list was on 5 October and needs to be done at least every 6 months, AIM Rules 26.