Member Info for ExMS

@Cuvio
And your cut and paste simply explains what Lanstead could do.
My message showed what they did do.

@ Cuvio
Just like any other lender or investor, I am sure the #1 priority for Lanstead is their own profit, however the better NNN fares - the greater the profit for Lanstead.

Not strictly true. The best outcome for Lanstead would be if the SP collapsed for 23 months and they kept everything. And there was a wonderful RNS…… fairy-tale economics I know. But valid.
Maybe Truss should join the board at Lanstead? That would be fun :-)

And Lanstead’s investment is simply to do with the 25% discount to VWAP that they effectively buy 1m shs a day at

@ Cuvio
Calm down. I think you’re missing my point.
There are lots of people on here who were asking why would Lanstead invest if there wasn’t something happening? And stating that Lanstead had paid a premium. Wrong. And referencing the fact that Lanstead were bankers ExGS ExJPM even ExMS!! and so they would not invest if the SP wasn’t going to go up. Wrong again.
I am simply illustrating that their position in Versarian has simply nose-dived since Lanstead “invested” and yet they will still have made money and Versarian would have received around half the money that was originally pledged.
Have Lanstead been selling? Who knows? They only have to notify when they cross a particular threshold. Would I be selling? Absolutely

@dragqueen
In which case you should be thanking me. It’s the sort of delving an investor should be doing but apparently not. I think that makes those that don’t the clowns??

So I’ve done a little bit more delving into how Lanstead’s approach to “investing”.
In the case of Versarian these are the pertinent RNS:
23 Mar 2020 Initial investment raising in theory £6m meaning they owned 9.28% of the new issued share cap
16 Oct 2020 Lanstead reduce from 9.28 to 7.57%
23 Dec 2020 Lanstead subscribe to another sharing agreement in theory raising an additional £3.5m meaning they owned 11.68% of the company
30 Dec 2020 Lanstead reduced holding from 11.68 to 10.92%
11 Aug 2021 Lanstead reduce 10.92 to 7.97%
17 Nov 2021 Lanstead reduce 7.97 to 5.22%
14 Dec 2021 Lanstead reduce 5.22 to 3.37%
25 Apr 2022 Lanstead reduce 3.37% to 2.89%
The benchmark price was 53.33p and today trades at around 12.5p.

I highlight this for those that think Lanstead is a white-knight investor. It is in fact more likely to be a lender of last-resort. They have demonstrated in this instance that they dynamically hedge their position.
572.45mm new shs of NNN were issued to Lanstead and that unfortunately is the market overhang going forward.

So much for being a long-term investor. They, like any others , will take care of their own interests. They can just continue to sell in a falling market at VWAP knowing they get stock 25% below that price! As I stated previously it’s genius!

@Syrup
Indeed there was, I had missed that. And Lanstead started selling again and crossed the threshold for notification on 6 Aug 2021

I was looking at the Versarian funding agreement by Lanstead from March 2020.

Some interesting points:
23 Mar 2020 RNS company raises £6m by issuing 9.74% of existing share cap in new shares. BP 53.33p actual 40p
6 Apr 2020 RNS company issued a clarification of the deal and its ramifications if the stock falls as original document was thought to be misleading (interestingly the Q and A release and in fact all releases are worded the same as the NNN agreement)
16 Oct 2020 RNS Lanstead crossed the notifiable selling threshold and reported it had reduced its stake from 9.28 to 7.57%. Looking at the chart the sales would have been at a small loss ( under 40p average) even allowing for the discount

@UG
It’s true. And whilst Duffers delays, and prolongs the “jam tomorrow” narrative, he trousers £4K per week! Genius! In that sense, and only in that sense, he’s played an
absolute blinder!

@cash
I can post the article if you like but he’s not the most accomplished writer! He does make a point that a company called Versarian raised money (£6m published) via Lanstead in 2020 but as the share price collapsed they received a lot less.

@NFF
I find it much less effort to be nice! Have a great evening

@ UG
Unfortunately that’s how I see it. And I do really wish Virosynth would connect their phone line!!

And it’s not a partnership, it’s a 49/51 JV with Virosynth. And I think all that Virosynth will be doing is supplying the copper oxide and then NNN only get 51% of that in revs via the JV

Good afternoon NFF
Well you could be right of course but why would Volz would want to share any of their sales revenues(which they have built up over the years) ?

Interesting that there are no replies yet explaining how NNN monetise this JV! And yet it is constantly spouted as some sort of panacea. Crackers!!

How do NNN make money out of Volz??

I’m sorry I didn’t realise that’s all you had? Go warm yourself up with a nice cuppa tea!

I’ll borrow £20k if that’s ok?

0.35p offered surely you should buy some more Fitzgerald66? -8% bargain