Member Info for grasshopperblue

Maybe it was the chancellor trying to make a few quid for the country.

I would also be unhappy with a pound a share or thereabouts (but would grab it with both hands) my own thoughts are a settlement would need to be double that to be taken seriously.

I posted my thoughts about that about 6 weeks ago and in my own opinion the idea is possible and it would not surprise me if they tried to buy the company.

Hargreaves Lansdown are fine.

From memory we have had about 8 million from the 13 million pounds the worst case scenario is a discounted raise which at this level would increase the share count by 10 to 15% . That would be annoying but not a disaster by any means holding for gold (pun intended).

Im interested to hear what people think about this possible scenario. The Indian government or a proxy or both buy shares in the co and when they reach a notifiable level the shares would go up a lot when people realised what they are doing and if they still carried on buying they could own a large chunk or even all of the company. There are about 258 million shares in issue and if they could average a pound share the problem for the Indian government would go away quite cheaply.

I looked it up and this is the answer i got. what is a prepayment of a convertible loan note

Prepayment of a convertible loan note (CLN) is the act of a borrower repaying the principal and accrued interest of the debt before its scheduled maturity date or before it converts into equity.

In the context of early-stage startup financing, prepayment is a highly sensitive and often restricted term for the following reasons:

1. Investor Resistance

Loss of Upside: Investors generally oppose prepayment clauses because they want the option to convert their debt into high-value equity. If a company prepays the loan just before a major funding round or exit, the investor loses the "upside" of converting at a discount or under a valuation cap.

"No Prepayment" Clauses: Most standard startup term sheets explicitly state that the company cannot prepay the notes without the prior written consent of the noteholders.

2. Strategic Use for Founders

Avoiding Dilution: Founders may seek the right to prepay if the company becomes unexpectedly profitable or has access to cheaper capital. By repaying the loan in cash, they avoid the "unfavorable terms" of conversion that would dilute their ownership.

Clean-Up: Prepayment can be used to "clean up" a cap table by removing small debt holders before a new institutional investor comes on board.

3. Automatic Repayment Events

Prepayment can sometimes be triggered automatically by specific "Events of Default" or corporate changes, rather than a voluntary choice by the company:

Insolvency: Legal requirements may force repayment if the company enters bankruptcy.

Change of Control: If the company is acquired, notes may be paid off immediately in cash rather than converted, depending on the agreed terms.

Material Breach: Failure to follow the agreed-upon negative covenants can trigger immediate repayment.

4. Valuation Implications

In financial modeling, the "callability" (the issuer's right to prepay) reduces the fair value of the note for the investor. If a note is "called" for prepayment, the holder usually has a final window to choose between accepting the cash prepayment or exercising their conversion right to shares.

Im not sure i can bring myself to buy shares in a company that sells tinned brussels lol.

Its not the worst RNS i have ever seen the potential bond investor is still around which is good news. The other thing is the directors spent 78k in december increasing their holdings its not a huge amount but still a vote of confidence.

Ex div day for virtually all uk shares is a thursday its to do with the admin if i remember correctly.

Its tomorrow then it will drop.

AJ Bell have just paid the div.

Nothing from AJ Bell yet either

I would assume the RNS is incorrect if you breach the 29% threshold you normally have to make an offer for the whole company unless you have an agreed exemption. Maybe the decimal point is in the wrong place and it should read 3.2% it would make more sense.

AJ Bell has paid me.

There are 254 533 431 shares in issue (rns 25/6/25) my calculator suggests that means 3% is 7 636 00.29 shares. Four people who seem to be unconnected have each bought between 3 and 5 % of the company in the last couple of weeks. Two of these people have 3% both own 7 635 107 shares which is 893 shares below the 3% threshold. Does this strike anyone else as rather odd??

He appears to be the director of a property company called Bedlington 29 a company based in Glasgow which is close to coatbridge which is the address in the RNS

We do not suffer from AIM fatigue we are main market listed.

Its good news the new director has bought shares as he is an insider im not expecting news for at least another month. Good job i have lots of patience which i think will be rewarded.

Generally the closed period for price sensitive info/financial results is 30 days so i would not expect to hear anything till august at the earliest but the 30 day rule does not always apply if an unexpected event occurs. This is all from memory so DYOR.