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I did wonder if the £1.5m possible issue that was recently voted for would be the basis of the RTO. It's circa 500m share so a possible 80% dilution, but hopefully a higher SP emerges.

I see Klaus has fessed up. Not clear if he still has his original holding, just that he no longer holds a notifiable amount. Wonder what prompted that disclosure now. Trew to follow ?

Don't think we'll get any more that what is stated on the website, " ... Pathfinder has become an AIM Rule 15 cash shell. As such, Pathfinder is evaluating opportunities in the sectors the directors consider appropriate, seeking to identify one or more projects or assets which the company can acquire, which would constitute a reverse takeover under AIM Rule 14 ...", until there are enough details to call for an EGM and vote. Far too sensitive for general RNS.

Eckhoff is so involved with PFP that he can’t be bothered to alter his TR1 position. His holding as stated on the PFP website is less than 3%. The board should be chasing him to amend his holding details, similarly Trew. I find it hard to square that MKM amassed 8% without help from a significant holder.

Could be some small comfort to see the current directors take some skin in the game.

Interested to hear if, how and when holders are expecting confirmation of their bonus shares ?

“ James R Stothard, Chairman of AAG, commented:” https://www.lse.co.uk/rns/PFP/update-re-bilateral-investment-treaty-claim-3kz5pjgd09udh2k.html

Mr James Stothard joins IMM as a director.

IMM appoint new director, Mr Kevin Peter Eshelby.

You only need look at Trew’s And Klaus’s holding as reported on the PFP website to see this. TR1 reporting not the responsibility of the company. Matters took over 6 month to declare his +3%

Mmmmm ….. I was looking on Vox which show just half a dozen trades and nothing over 500,000. ii showing more I note

The SP drop doesn’t appear to tally with the sells. MM shaking or perhaps larger deals not showing yet ?

… have notified that Peter Taylor is no longer a director of Pathfinder Batteries.

LFM, have a look at Companies House for IMM details are clearly there to read.

Thanks CP, possibly Taylor’s position at IMM changed in the revised deal. Shame really I thought his continuation as I’m a director at IMM was a sensible move for the BIT claim. A supporting role may be good enough.

I see from Companies House that Edmonds and Taylor are now not directors of IMM. I thought that part of the sale agreement was that Taylor remained as a director of IMM for some continuity and historical knowledge of the misappropriation ?

Quite correct @Poppyseed. Your input is welcomed.

@Adamsky, further to the above. PFP only becomes a cash shell if it doesn’t acquire a business in 6 months. The (my) presumption is that they will take an interest in a battery based business.

@Adansky, I’ll try, as alway I happy to be educated. The share figures come from PFP website. As I understand it the SVP will be set up with the same amount of “shares” as PFP currently has in issue, the SVP share then “belong” to the PFP shareholders on the register at time of closure. Therefore if you have 100 shares in PFP on the register you also have 100 shares in the SVP. The SVP share will pay out on the BIT win and the PFP share remain to be trade on AIM as shareholding in what ever PFP becomes, if the is a reverse take over then new PFP will restructure with the reversing company. However if new PFP continues without a reverse then shares that have not yet been issued to the market can be. One of the GM resolutions is is that £1.5m of shares can be.

Hypothetically an issue of 231m shares would represent a 37% dilution of current issue.