Member Info for gordon1237

TWB. I don't know about other AIM companies but I do know that in the last seven years I have been here all raisings have been at a discount. Nothing is impossible, just seems unlikely.
Premium or discount, it's not really all that crucial to us PI's. The only real difference will be, if it was at a premium, it would mean less dilution. Atb.

Thanks Toptuf, from memory, I'd like to think most of those who wished me well were lth's who know I have no interest in this ramping /deramping nonsense. Atb.

For that jokey comment , I received the following delightful remark by the so called Shares Research Group on Twitter. " Old men with dodgy hips and senility should stick to pipes and slippers rather than investing".
Now that's water off a duck's back to me, but it says something about the people running this group if a comment intended to be as hurtful and offensive, is the best argument they can come up with. More stink tank than think tank. Lol.

Apparently their calculations have come up with 0.23p. You couldn't make it up. Oh, hang on they did. Lol.

Toptuf. It was obvious right from the start. Can't believe anyone thought otherwise.

Be surprised if we see it before the normal date, a week today.

Ok Jasper. That now sounds a bit more like vague reassurance rather than a specific guarantee. Hopefully it won't be too long before we know.
Ultimately, they may not have much choice as to the price they raise at. Normally the price would depend on what the sp does in the days leading up to the agreement. For example if it was to average 0.20 and there was 10 % dilution the price
would be expected to drop to 0.18 and the placing if at a discount, would be below that.,say 0.15 - 0.16. That's pretty much what's happened at all previous placings. If it was at a premium or the sp rises in the meantime, I suppose it could be above 0.2.
Personally, I find it hard to understand why a participant in theraising would agree to pay more than the prevailing sp. Assuming, it's the usual suspects, they never have in the past.
Of course the only way it makes a difference to us pi's is that if it was to be at a premium it would mean less new shares and consequently ledd dilution. Or conversely more cash for the same number of shares. Anyway, seeing is believing.

Jasper. Let's be absolutely clear. Are you still saying that Roland told you that there would be a raise at a premium to the current share price?

Vf. It seems that in effect you are accusing Roland of passing on privileged information?

Thanks TWB.

Vf. We've both been on here long enough to know thst I'm not part of any crew. As I've said a million times, I dont believe such things exist.
It was pretty obvious that MI was just making a joke,that he didn't expect to be taken seriously.
Surely you can see that Patrick's reply destroys the credibility of anyone being told directly by Roland that there will be a premium raise. It's obviously not impossible that it will be at a premium but seems very unlikely to me. Even if it did turn out to be at a premium, are we really expected to believe that someone with Roland's experience would divulge insider info?

TWB. Any research on any forum can only be based on publicly available information. So any suggestion that the Telegram group is any better than this board is garbage.

I have also received a reply.
" Gordon
Thank you for your message regarding Oilex. The Company is fully aware of, and keenly adheres to, all its disclosure requirements. On April 14th the Company issued an RNS that stated a future fund raise was planned. The RNS was advised by its NOMAD following bulletin board posts which had stated the Company was engaged in a fund raise at .16p, causing a significant drop in the Oilex share price, even though the fund raise exercise had not commenced at that stage.
The Company is now engaging with potential funders but any bulletin board speculation regarding fund raise pricing is just that.
Best regards
Patrick."
So I guess that pretty much puts to bed, the nonsense about anyone having inside info on the raising price. Gla.

Sent an email this morning. Didn't think of a screenshot.

Good idea Zag. Atb.

Callum. Don't want to be rude, but who cares?

I have just emailed the following to Oilex.
" Good morning. I am a long term holder of Oilex shares. Perhaps an appropriate person can clarify the following for me (and others).
There has been much speculation on the LSE Oilex forum regarding the raising of additional funds, mentioned in the last rns. At least one poster has been saying thst he has received an email from the company saying that the cash raise will be at a premium to the current share price.
Is this correct? Surely this is price sensitive information that can only be revealed in an rns?
I await your reply with interest. "
So let's see.
Gla.

Jasper. On Tuesday of last week you said the quarterly report would be out by the end of last week. When I said it wasn't normally until the last working day of the following month, which would be a week tomorrow you said
" Gordon …. I have been told by Roland this morning to expect the quarterly report later this week. So yes they’ve obvioBusly changed their timings."
So, not holding my breath.

i can't get my head around is assuming it is a raise why would anyone pay a premium? Why wouldn't they insist on a discount, the same as every previous raise?

Me too Zag. But streams of invective? No thanks. Atb.