25% of the vote is now held by new equity investor (September).
They should then issue a TR1 having obtained 3%+
Could be something nice brewing, or it could be a ‘hedge fund’ P&D, or it could just simply be the broker/s f’n it all up (in tandem with the board’s performance).
Assuming that next month’s equity investor (October) is then committed to paying £2.5M for purchasing 147M shares, then your share offering at 1.7p would be a steal.
Further data would therefore be required.
Have any shares been forward sold ? And it is a possibility.
Which could tie in with the LSE Rule 1510 reaction, hence possibly stepping up & opting for an ‘orderly market’. There was on Friday 36M shares in circulation & there was then 95M traded that day. That could though possibly tie in with today’s retail culture of 10%’ers all just looking for a wee nibble, eg. is possible the average Pi, bought & sold, then bought & sold again (One doesn’t have to look too far to see that today’s average Pi, still thinks ‘the mc is only £800k’ & ‘there’s a £200M giga factory being built’ and so in all likelihood, are only looking as far as the next 10%).
Looking closer at Friday’s trades and there was a distinct lack of rounded number trades. Which perhaps again then suggests it was only10%’ers in a feeding frenzy.
But! As some have already pointed out, there is that possibility of the recent episode having been concocted in a hedge fund’s lab.
It is then doable that the £2M gets forward sold on nowt but rumours centred on next month’s proposed £2.5M commitment. The similarities in the ‘proposed’ October placing and the current placing, is imv slightly un-nerving.
Issuing a TR1 would put the latter to bed..
Good question Aklee,
my thinking was that they might then bring forward next month’s placing
At the previously agreed price.
Someone is keeping a closed lid on the identity of this week’s TR1 holder/s.
100% agree on Gordon’s summary of the BOD.
Fortunately though, that was 100% expected.
Will still be sat in their labs, chewing over using an extra teaspoon of salt or two.
Rule 1510. The Exchange may prohibit any trade or class of trades from being dealt on Exchange.
Guidance to Rule:
Examples of a regulatory suspension are:
• a suspension imposed by the competent authority or market operator for the venue of principal listing; or
• a suspension for orderly market reasons imposed by the Exchange.
Really cannot see why peeps are setting themselves. The LSE (a grey institution at best) has then stopped trading, to try maintain an orderly market.
Are AMTE bankrupt ? At least not yet, as still have £500k on offer from lender and in all likely hood have now picked up £200k this week for the 10% of this month’s placing shares.
Worst scenario, the equity investor/s have completed DD and are pulling out (they do still owe for yesterday’s 11M shares so c.£200k) but then the LSE would normally allow their brokers to short the hell out of it.
It does then perhaps suggest, that someone ‘above’ (read as ‘more reputable’) than the LSE is now calling the shots. That they want the sp retained as is, whilst purchasing this month’s 71% of the company and of acquiring their additional 147M shares at the previously agreed 1.7p price.
Smoke & mirrors, and you will then likely see the equity investor with c.90% holding.
Was looking decent.
The day trader posting false narratives of an mcap of only £800k will soon have peeps ditching when they realise the lack of decency in the ramps.
TR1 on Thursday or Friday ?
“..NOTICE. 11/09/2023 - 08:00. The London Stock Exchange admits the following securities to trading on AIM:
AMTE POWER PLC
11,879,770
ORDINARY SHARES OF 0.5P EACH, FULLY PAID..”
11.89M shares at 1.7p paid for by equity investor now admitted to the trading book.
AMTE current sell price 2.25p
No equity investor shares yet sold.
Chill Steve & look at the positives, if some darn fool wishes to create half a dozen new accounts in the space of as many hours, then it simply keeps him/her/it from causing disruption elsewhere.
It is rife throughout LSE which is perhaps why very few peeps now post anything constructive on there.
Any new interesting stocks will then quickly develop their own TG groups from where the nonsense can then be filtered out.
UPL’s TG groups create c.50 posts each day ? LSE barely averaged 1 post per day.
Best just chilling and allowing the LSE to do what it does, ie keeping the riff raff suitably employed.
Lol, so they will be brothers-in-arms..
They pick up 12M shares tomorrow (the max the company is allowed to issue until the shareholders vote on 25th).
The equity investor will then own c.25% of the company shares & so should put in a TR1 having exceeded the notification threshold of 3%.
Lol, but there is a wee bit grey area in the FCA guidelines in that IF a buyer of shares exceeded 3% holding they could delay notification IF they were still acquiring.
That’s nice thinking Dunc., is certainly blue-sky, out-of-the-box.
SSE have several ‘green’ tariffs for their 5 million+ customers.
And would easily be incorporated within their ESG responsibilities.
“.. During the course of its due diligence, the Potential Equity Investor has advised that it can, where suitable, introduce companies in which it has an equity interest to AMTE Power with the view to generating offtake agreements for sodium-ion battery cells. It would also provide similar introductions to other companies with which it has strategic relationships, where battery technology is currently being deployed at large scale in various industries, for example in renewable energy..”
Nice one bud.
Try develop at least some versatility Dunk., in your analysis as you are suggesting that AMTE’s technical kudos brings nothing to the table and that the game only changes depending on the ‘quality of the new investor’ ?
Ok, lets say (A) that the TR1 then shows Tesla or similar Tier 1 investor. Then yes its Whoopie.
But perhaps (B) the TR1 shows that Renaissance Capital pick up the 1st batch of 125M shares and that Thames Temese Management then pick up next month’s batch.. How then will the market react ?
How then do you perceive your ‘game-changer’ will be ?
The A solution will only ever come about if there is indeed something brewing in the AMTE lab whilst the B solution could possibly arise on nothing much stronger than arabica beans brewing in the hedge fund lab.
The market will generally react irrespective of the ‘quality of the new investor’ and will be focused on what the new investor brings to the table which may or may not be in conjunction with any AMTE developments.
I’m guessing bud, that if equity investor/s are prepared to spend a minimum of £2M up to a possible £4.5M to acquire c.90% of the company, that there is then something brewing. Either in the AMTE lab or the ‘hedge fund’ lab..
Last recorded data then showed that out of a total share base 36.38M, that 2 ii’s + 8 Pi’s held 50.65% of the shares. A free float recently of 18M shares c.49%
After the AGM later this month, an additional 125M shares will be added. Reducing the 18M shares free float to 11%.
Sometime after the AGM and IF the retail placing of 14M shares proceeds, then the free float should increase [18M + 14M] to 32M shares c.20% of the total available.
Should next month’s equity placing of 147M shares proceed, then the free float drops to c.10%
Should the warrants attached to next month’s placing proceed, then could perhaps possibly see a free float measured in single % figures…
Something is perhaps brewing in the lab ??
Chinese battery plant sets up shop in the middle of America.
https://www.bloomberg.com/news/articles/2023-09-08/illinois-uses-incentives-to-get-2-billion-chinese-battery-plant?leadSource=uverify%20wall
lol, so what are the odds on our equity investors being 3rd party vendors for asian interests??
Lol but yes indeed, that would be Very nice.
Recently banned from several regions in China on account of their car cameras being too good. In a similar vein to iphone now being banned from china.gov buildings.
Tesla struggling to move forward on an electrified HGV fleet, due to the super sized capacities needed inclusive of proposed 2 mega watt rechargers capable of recharging a HGV in 30 minutes.
Certainly has one then looking at any/all viable chemical compositions including perhaps sodium-ion cells. China’s recent restrictions on exporting raw materials perhaps influencing alternative developments.
Appears that the company then asked for additional funding and £2M was quickly raised. Conditionally. As Awaiting result of shareholders vote [the bookbuild only being applicable to the proposed 14M retail shares placing].
Does hint of fairly deep pockets, as there is still no guarantee that the company’s tech meets the DD that the prospective equity investor is currently looking into. Is this month’s additional funding then being used to forward tech developments to assist in the DD ?
Monday then sees an equity investor holding c.12M shares,
25% of 48M..
Late next week should then see the equity investor being named..
In a TR1.
Good points itsagame, and fairly brutal !
Does then suggest connections with Arena.
Artji, good argument but I believe that you are interpreting the initial points incorrectly, namely that ‘the support of existing & new shareholders’ is simply a common courtesy call, to existing Pi’s and the future equity investor/s.
The RNS clearly states that (1) the Equity Investor will likely implement (supplement) providing additional funds and that (2) it would also have sole discretion on who else could participate ie it either supplemented today’s additional funding or it knows who supplemented it. Which then supports the earlier thinking that this month’s equity investor & next month’s equity investor are closely tied.
(1) ‘..However the Equity Investor has indicated that, following its Proposed Subscription and at its own discretion, it intends to implement a financial solution for the Group, including providing for future funding requirements…
(2) … The Equity Investor would also have the sole discretion to allow the investment in the Company under the terms of the Initial Recapitalisation Plan to be extended to other investors..’
Will concede though you are highly probably correct in the next batch of placings being at 1.7p
Will also take note of HeresHoping argument that it might just be a ‘pump & dump’ but I’m strongly suspecting the motives behind acquiring 90% (inc.possible warrants) is to be in the driving seat, for any possible TO..