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Hi Jaytem,
Your assumptions are a little wide of the mark. Remember you can always sell your AMC shares at any time along the journey for the price at the time (stating the obvious yes, but bear with me!!). If the "current offer" for the sale of the subsidiary were to proceed AMC would receive say £100m. All things being equal, this would inflate the share price of AMC to somewhere near 7p. You could then sell your AMC shares. However and I believe this is very important with regard to the current shenanigans, the current share price has not breached 4p yet. Normally you would expect the sp on news of a bid to be much closer to the take out price, unless, there is a serious doubt about the transaction taking place and this is what is intriguing about the current state of play. As always and forever with AMC nothing is obvious and straightforward.
Haha.......only taken 12 years of extreme patience. Not sure about Booooom!, so far this is only a gentle inflation.
Small trader- “Financially nothing has been agreed between SNG and ASH” Absolute claptrap please read the RNS.
Mmmmmm. You will ALWAYS be able to sell any amount of shares at "some" price. what were you offered for £500k?
LiamBooth, for the sake of context and balance please provide one positive attribute and reason to invest in FUM.
Thanks
LiamBooth, for the sake of context and balance please provide one positive attribute and reason to invest in FUM.
Thanks
If PI’s didn’t get windy and sell their shares, I guess the mystery “manipulators” would be stuffed.
Many thanks for keeping us informed. Important.
CityTrader, but you were accurate with their share purchase just not the reporting date!!!!! Good call.
Well, this would suggest another fund raise necessary over the next 12 months. This would usually imply forthcoming share price weakness until the raise is achieved. But, we do get the opportunity of participating. As you were..........snoooore
Thnx Bucolic. Info on LB noted. Just dipped my toes into this given current sp weakness and news flow looks strong for next year and product will always be in demand!!
I am a new poster here having bought in last week, and contemplating adding further. This BB seems to be hogged by LB with very few other contributors. Are they a serious investor or do they have a gripe against FUM? (i.e. should they be filtered before I start posting) I always think it is helpful to have a little bit of knowledge about posters given that they can often determine the tenor of the postings, and, either for better or worse will influence private investors. Thanks in advance.
VLTH that made me laugh, I must qualify for for being a VVVVVVLTH!!
Tornadotony, Do you think stochastics, psi, MACD et al work on special situation AIM stocks with relatively tight liquidity? FTSE100, 250, 350 absolutely, but have never been so convinced on smaller cap equities.
Who is going to submit a question? Sometimes the answers from Q&A's can be more revealing than face to face.
The mathematics tell you that at the very point of the allocation/share split of your shareholding between President and Atome, your total shareholding will be worth EXACTLY the same as it does at the time the split is announced. Thereafter it will move. The logic tells you that providing the market likes Atome thereafter we should see a strong capital uplift. Perhaps even in time for christmas!!!
The announcement regarding the share split allocation of Atome shares will follow AFTER the Meeting to approve the resolutions. At any rate well before the year end. This really should be a positive for all PPC shareholders. Green energy is the way forward whether we personally agree with the principles or not and it is encouraging that PPC are pointing in that direction in (hopefully) a value added way.
The only additional comment perhaps worth making is that you might find the shares suspended temporarily while the in specie takes place, in order to allow an orderly market at the time for both the President and Atome shares.
If you don't own PPC shares on the ex date, you will not get the Atome "freebies". Simples.
AParky. You have misread the RNS.
100% of Atome shares will be split as follows. 85% allocated to President who will retain no more than 25% (could be less). These shares will be held on the Balance Sheet as an investment in Atome (as the value of Atome increases, in theory our shares in PPS should increase in value).
60% of the Atome shares will be retained by President as part of the in specie to current shareholders of President (you and me). These Atome shares will be distributed to you and me to do with as we wish.
I am surmising that the 15% of Atome not being retained by President will be used for the Fund raise.
Hope this helps comprehension.