Member Info for grasshopperblue

The rather modest sale at 1.47 was a small purchase. I have been hoovering up small amounts for months now and just about every single trade has shown as a sale.

I have been investing in small oil companys for the last 25 years. The cpr took 6 months thats not unusual. Revenues slim i laughted for 20 minutes at that one. CH has turned Rose petroleum from a worthless company that promised everything and delivered nothing to one that is worth about 70 million and could be worth multiples of that in the future. I believe he is doing a fantastic job. ATB everyone.

When a shared is shorted the voting rights transfer to the new owner (not the shorter). If the original owner wants to vote in a corporate action they must recall the shares from the shorter which they are entitled to do. Dividend entitlements transfer to the new owner as well. The shorter is also required to pay the dividend to the original owner of the shares as well so no one misses out. I hope that makes sense.

when sqz bought assets from bp it was classed as a reverse takeover and the shares were suspended till a new admission document was published and distributed. The suspention lasted 2 weeks the only difference i can see is that sqz already had producing assets at the time where as we dont. im looking foward to further news whenever it arrives.

It's on the play store as well it was released on the 25/9/19 it's had 5 downloads so far early days.

The ex div date is Thursday 17th October.

The option runs from 22/10/17 and expires after 3 years.

The first tranche of shares to be bought back is $2 billion by the 25/10/2018. The brokers can buy back A or B shares or both depending on which is the best value on any day.

Cedex is attending the Hong Kong jewellery and gem fair in September and next Thursday there is a live q and a session with the head of marketing which I believe will be available to watch on their YouTube channel.

That was my first purchase of the day if funds are available later I may buy more.

Another thought if I may. The rns from the 26th may states that mr Snead/ntog own 10.9 % or 204 million shares of magp after Friday there will be 2.633 billion shares in issue. This according to my slightly dodgy maths suggests that their share holding will be reduced to roughly 7.75%. So on or after the 7th we will get an rns stating what holding they have. If my figures are slightly out I have had 1 or 2 drinks I am never the less sure of my facts.

To answer the query if the new shares are eligible to vote at the gm I think the answer is yes. They are admitted to aim on the 7th and will therefore have equal rights with the other shares and if not attending the meeting in person the deadline to vote is the 14th at 3.30pm by the shareholder or company that holds shares in the magp. The meeting is the 18th so I see no problem with WED being able to vote.

The number of shares in issue reduces because the shares held in treasury do not count regardless of if they are cancelled or not.