Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Might be 1million less the 323k which isn't discounted? So 677k at 25% discount? Beats me haha
The consideration for the Acquisition is �1 million satisfied by the issue of ordinary shares in the Company at a 25% discount to the average closing bid price three days prior to and three days post the announcement of the Acquisition less the number of ordinary shares in the Company which will be issued at the non-discounted average price to settle certain creditors totalling approximately �323,600. The number of ordinary shares to be issued will reduce to the extent there are net current liabilities revealed in the target company. In addition, the Group will pay a royalty of �11 per unit to the Vendor for each ProlongTM device sold (no minimum yearly royalty commitment) for the term of ProlongTM's patent, due to expire in 2031.�If, during any calendar year, Prolong returns a 20% EBIT of net sales then the sellers will be entitled to a �150,000 bonus payment. Dr Andy Zamar, who will act as a consultant to the Group for the first 12 months post-acquisition, will receive a fee of �4,166 per month. � � A further announcement will be made when the consideration shares are issued.
Terms are all in the rns ... quite far down,
£1million at 25% discount avg over 3 days before and 3 days after announcement plus 300k at no discount, £11 royalties per item for 14 years 5k a month for 12 months the dr, Beats a placing Sounds like a pretty good deal if the prolong can get some good number sold
Another £1000 in the war chest..
"The Group's free cash flow generation and balance sheet remains strong"
All this site is good for is a chat- investegate or vox markets if you have a smart phone and you get a notification (free) I think it just has some catching up to do, realistically market cap should be up around 30-40 million,
cracking bit of research there mate ;) this is going to keep on rising. new highs to be seen imo
Yes sorry- not like any other company of this market cap size would be better wording! Looking forward to a strong 6 months
Safe bet for sure- strong cash balances, revenue rising rapidly, market cap 16 million. I'm expecting fy revs to be at least 8-10million, de risking all the time as they expand to more and more retailers, not your typical aim share, easy hold
Use investegate or vox markets... both free, I took another big lump this morning! LT hold
i find myself back here looking again,,, think its work a punt seeing as they launched the new payment system end of 2015,,, jqw looked solid too though......
I have been with talktalk for 24 months- never an issue,
.,, that short may not look pretty this morning- dividend increased, everything else looking good!
Crazy glad I got out, something weird - so cash roughly £45m and assets of £30m... No dividend, and the sp is touching £10m, nuts
"an advert" on one of the sites that is there's... So not actually directly selling?
To there website - all large holders are still in- 65%not in public hands, my only worry is "if" number are not great on Wed this may go further- also I was expecting a pump up today and tomorrow- today's rns has prevented that,