Member Info for Fyoz

BC does that equate to 44% of your original entitlement?

"Anybody interested in the fact that we are half way through April and still no closer to things being signed off, rather than discussing how much extra digital confetti people have applied for."

Ah, so there's been too much positivity on display lately for you Vince? How about this instead, anybody heartened by the FACT that the chairman and the CEO both stumped up considerable amounts of their own money, to take subscription shares? I for one, was mightily encouraged by that gesture

That's how I see it don. If I applied for the same amount again, but another holder with the same broker applied for say 4 times his allocation, is it fair that we're scaled back the same percentage, so I get 144% yet he gets 276% (100% entitlement plus 4x44% excess). Not sure how they'll carve it up but surely greed doesn't win out?

Anybody had any feedback regarding excess shares? Am I correct in thinking each broker can apply their own allocation as they see fit? I'm with Barclays, so if only a few Barclays nominee holders applied for excess shares I might get all I applied for? And is it just a case of seeing how many are in my account tomorrow?

The new shares aren't tradeable until tomorrow. I suppose that's also when we find out exactly how many excess shares we got. Should be some buying then as people use the rnigfenced money to buy in the open market

I'm of the opinion it will be vastly oversubscribed. The company are issuing approx 12% new shares, yet PI's are only allowed to partake to about 5% extra. I've applied for about the same again, just to limit my dilution, and I'm sure many others are doing the same. I'm not ecstatic that JM has got an extra 1.2m shares (27% of his holding),when my entitlement is less than 5%. However, I'm encouraged that he's throwing £15k of his own money in, which has made me be a bit more confident that I'm investing in future success. Cynics might say he's 'buying' another year or two of a high salary, but he also has 7.5m of 2.5p options, so he's really no need to buy shares now. Bit of a ramble but I hope you get the gist

Wouldn't want to be out of this tonight 🤣

Does anyone know what the difference is between the placing shares and the subscription shares?

2 directors went for placing shares

3 directors went for subscription shares

Philip Hill and David Scott (managers not directors) are going for OO shares. Presumably placing or subscription shares weren't available to them. They've both requested excess allocations

Seems like a pretty confident move by 7 of our senior people, and I doubt very much this raise will be under subscribed

"Also price sensitive news can't be withheld by the company"

I believe price sensitive news must be announced in a timely manner. Remember we're in the AIM casino, and from my own bitter past experiences, it is very loosely regulated

Anyway, I'm acting on my own conspiracy theory, and have just applied for excess shares. Apologies to all holders with Barclays, you'll be getting less now in the scale back 😆

I agree, and I'll take it a step further. How about the deal is done and signed, but the RNS is being held back until tomorrow, because if it were released before the OO deadline, there'd be a selling frenzy, as existing holders try to fund excess shares applications 🤔

If just one person doesn't take their allocation does it mean it's NOT fully subscribed, and their are excess shares available?

Or, if those taking part plus the excess applications total more than the shares available, it IS fully subscribed?

For me it's the latter but I suspect HF14 thinks it's the former

Showing your age there Sloppi 😂🌻

I didn't apply for excess shares, as I would have needed to deposit the cash and have it ringfenced for that purpose. I suspect many that have applied for an excess have done that though. In the event that the offer is fully subscribed, and there aren't many or any excess shares, that ringfenced money might be used to buy in the open market, thus increasing buying pressure and boosting the SP. Thoughts?

"Could be both of course....."

Well it can't be both, but can be neither 🙄

Mine are with Barclays as well. I've just checked the corporate action and you need to let them know by 10.04.24

In my account they had already set up my allocation (1 per 19 held) and I just had to tell them I wanted to proceed, and there was a separate section for applying for excess shares

Without a single post, or is my system broken?

"There's that green box again. Stockcheque must be posting."

They refer to them as 'green coffins' on another thread I look at 😆

"get a life FFS."

Says the tool averaging 25 posts per day 🙄

"What, specifically, is refinery refuelling as it relates to MSAR?"

I think it refers to using MSAR for things like steam raising, powering generators etc rather than using conventional fuels

GS be glad that you're not on the AFC thread, we've only had to put up with 88 of his posts in the last 30 days, it's 352 over on AFC 🤣

Yeah I know SC, filtered . . .