The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Ha ha, think that is a tad fanciful, ink not dry yet on the GM meeting.........
You never know things may progress in the coming week but I think this new shell is a bit away from any RTO event...
Well at the moment, one's got to happen in six months or start at least. So it will be sooner rather than later.
Indeed Blutony, future here looks very exciting. New regime to likely come in and a structured sound way forwards for this new company to develop into.
The links are quite clear for all to see and we should hopefully see that transformation occur over the coming weeks and months.
All good here.
I also second the comment made to Applegarth regarding the personal details of one of the major shareholders. Mr Shafi is I believe just what the TR1 tells you an interested investor whose invested a decent chunk of cash into this company. Posting his personal details etc all the time is adding nothing to the story.
Lets move on and focus on the outcome here not the holding and address etc of one individual.
If you are doing that maybe try focusing efforts on the other major holder I expect he will perhaps become the main player in all this.
NAI DYOR etc etc.......
Looks like all is coming together nicely here.
Good result today, little slap for Peterhouse and a solution now presents itself to the benefit of all parties.
Good times are coming here again. Onwards and upwads so they say....
You can safely buy this all the way up to 20p and not get over bought.
Don't think we will ever see a placing here again either.
Throwing cash off now......
No wonder the likes of Sound Oil had been sniffing around this pre IPO.
Bet a few more will be looking in soon.
6.2p paid, this is steal at below 10p.
Different mechanics in play here to even the best AIM oil and gas stories of late.
That mechanic is CASH $$$$$$$$$$$$$
Which leads to no dilution
I can see this over the year hitting 20p.
Cash now sorted.
By the time the next well drills/completes which they are funded for the cash will have generated enough to drill another and so on.
No placing coming just a cash cow from here in.
Superb. And almost no ramping or promotion.
Could be bed and ISA with a slight delay
No 1 share could vote.
Send them a secure email.
No to resolutions 1 and 4 yes to 2 and 3.
You will have that option in the system to do such.
Copy and paste.
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I am a share holder of Phontonstar LED PSL:PSL Holding xxxx shares
The company is holding a general meeting on the 5/4 and are looking to pass the resolutions detailed below;
On my instruction please with all my holding vote AGAINST 1 and 4 and FOR 2 and 3.
1. THAT the directors of the Company be generally and unconditionally authorised, under and in accordance with section 551 of the Companies Act 2006 ('the Act') to exercise all the powers of the Company to allot shares in the Company or grant rights to subscribe for or convert any security into shares in the Company ('relevant securities') up to an aggregate amount of 5,332,221,134 shares, provided that this authority shall expire (unless previously renewed, varied or revoked by the Company in general meeting) on the earlier of 5th April 2020 or the conclusion of the Company's Annual General Meeting in 2020, save that the Company may before such expiry make an offer or agreement which would or might require relevant securities to be allotted after such expiry and the directors of the Company may allot relevant securities under such offer or agreement as if the authority conferred by this resolution had not expired and provided further that this authority shall be in substitution for, and to the exclusion of, any existing authority conferred upon the directors.
2. THAT the orderly wind down by the Company of its operating business be approved with the result that the Company shall become an AIM Rule 15 cash shell.
SPECIAL RESOLUTIONS
3. THAT the name of the Company be changed to Bould Opportunities plc.
4. THAT, subject to and conditional upon the passing of Resolution one above, the directors of the Company be empowered under section 570 of the Companies Act 2006 ('the Act') to allot equity securities (within the meaning of section 560 of the Act) for cash and/or to sell or transfer shares held by the Company in treasury (as the directors shall deem appropriate) under the authority conferred on them under section 551 of the Act by Resolution 2 above as if section 561(1) of the Act did not apply to any such allotment provided that this power shall be limited to:
(a) the allotment of equity securities in connection with any rights issue or other pro-rata offer in favour of the holders of ordinary shares in the Company where the equity securities respectively attributable to the interests of all such holders of shares are proportionate (as nearly as may be) to the respective numbers of shares held by them, provided that the directors of the Company may make such arrangements in respect of overseas holders of shares and/or to deal with fractional entitlements as they consider necessary or convenient; and
From a user of such. PLEASE ENSURE THIS BIT IS DONE
For anyone voting in HL I've had a confirmation off them this morning that all we need to do is send a secure message, create a list of 1-4 representing the resolutions and then indicate if you are for or against each one.
That's fine so you are not working in a 'large brokerage' then?
No worries, that comment must have been a moment of fantasy.
Like you say we hope we all do well but you did think Sunday it was getting over heated and the dilution worried you etc. Maybe this share is not for you then?
If we collectively block the resolutions 1 and 4 the naked forward selling if that’s actullay happened will have to be bought back and at the point of a RTO if it is Anton can be at a much higher level.
End of the day he’s the only one with a foot firmly in both camps so an equitable solution for both would be achieved, unlike the current modus operandi of Peterhouse.
I know 300m trade the other day no TR1.
No Tr 1.
Wonder why.
Block sell of placing shares perhaps.
0.1452 on the 20/3.
That’s £9500 profit if it was forward sold placing shares
Be nice if they had to pay 0.02 to settle them.
He may not be Peterhouse.
But a client? Connected? Associate or one of their guys?
Hope these ‘city boys’ haven’t been naked forward selling.
Oh dear.....
Noted this from your history.
Which brokerage firm do you work for? Peterhouse?
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PRDRE: 121 Sep '18
It's absolute bs. Evidence: I work for a brokerage.
Sorry should say board in situ.
It’s only a temporary block.
Let someone outline the future RTO and we can vote on that along with dilution at that stage but not now with the current Peterhouse Kate insitu.