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I would not be surprised if we hit 39p/40p in the next 4 weeks
Is certainly looking like a possibility for Friday I think, or early next week
Have been looking at the impact on share price of CB Conversions. Overall I think they have had a big impact, but looking at the history of conversions - thanks Cranleigh, it seems to cause volatility rather than a price fall. On 4th May 2017 first 2 bonds were converted and the share price dropped by 1.5p. However, on 31st May 67 bonds converted and made little impact on the share price. On 8th June 173 bonds converted and the share price ended the day quite flat, although with volatility. Maybe it depends on when they hit. If we are in the doldrums maybe it hits hard, but if there is a lot of news flow/expectation then maybe the blow is absorbed quite easily. Any thoughts? I had been thinking of getting out once the CB started converting, but maybe it's not a good idea.
The share price is lower, but is that not because there has been dilution. Am sure that if we charted the value of the company, rather than a share, the graph would look much more positive.
Thanks Cranleigh - much appreciated
Do you think is reasonable?
Anybody happen to know the date/time/volume of previous CB conversions? Am trying to decide what I think will happen this time around; whether it will sound the same as last time? I guess the further we get down that path the more the news should have a positive impact on the share price, rather than a negative.
Feel sorry for those that have been selling over the last few days
Everybody knows that mathematics is fundamentally flawed
Andy, is the reason that the price has recovered so well not because, due to the invitation to convert, bond holders have shown their hand to a certain degree. If they did not accept the terms then it would be fair to say they do not plan to sell around current prices. Circumstances can change, but would be surprised to get a CB conversion until the share price has gone up at least another couple of pence. I think the strong share price support reflects this.
Did I not read that we plan to have Stage 2 Letters of Commitment by end of June so a contract of the requirements from the lenders. Once we have that then we can decide which TorPs to agree and go arrange Stage 2 financing
Of what news do you speak?
I don't really know what that page is showing me. Try this one ... https://shorttracker.co.uk/company/GB00B0DG3H29/
I don't mind giving you 39.1p Fred; although might struggle with the .1
Seem to have good strength here and I don't see any reason for the sellers to come in at the moment - who would sell now?! Will we not have lost all of the CB holders that are willing to sell at this price?
By Friday I think
Have seen a post on another website saying that if the Stage 2 financing goes well that the share price would be �1 by Christmas. Is that realistic or a bit more of wishful thinking? I was expecting about half that.
When is the AGM?