Member Info for Hexam

Hi Garwood - that RNS is related to the other bond (and the one related to last week's RNS), not the bond mentioned in today's RNS. Though it clearly says the other bond can convert at any time so presumably the same is true of this one.

Not sure why you posted that link Garwood?

The bond can convert any time (I think - not sure if dates are limited?) it is just that it will convert at 3p a share if it does (was 5p). This means the lenders can get a lot more shares for the money they are owed but at today's price that is still a bad deal for them obviously. Just makes the loan more valuable to the lenders as it increases the likelihood and improves the terms of conversion as an option. Conversely means it is less valuable to us as we will be diluted more if it happens.

What do you mean by an "IPO of Debenhams with the Arcadia brands" as these are already 'public' within the existing company. Do you actually mean sell them to an outsider? I'm not sure you can IPO part of a company if that company is already public - any examples?

I don't see how they could have withheld news like that Plutuq (for 9 days) as I thought they had an obligation to release it as soon as possible?

Free float IS definitely a concrete number as it has a precise definition and so can be calculated exactly without any room for argument. The problem is people say 'free float' when they are really trying to describe something else i.e. the shares that are not held by insiders, iis or other major shareholders (like MA) and so are PROBABLY more likely to be available to trade for us mere mortals.

So rather than get hung up what the free float number is (that should not be in dispute) but perhaps focus on what it is you are actually trying to describe and call it some other name to avoid confusion. Maybe 'smaller PI money' or 'probably less sticky money' or whatever.

Then the pointless debate over what the 'free float' number is disappears.

They can't, but they couldn't before either.

Plutuq - I haven't sold any of my shares but have done all the other things and more. It's just called trying to have a discussion but some idiots just equate anything remotely critical as trolling or trying to get in cheap.

In any event it is clear that Suthy hasn't filtered anyone as he responds to green bars anyway (very odd and defeats the object of saving time) and he only responds when he's referred or responded to (else must be green boxes made of glass).

He's just trying to affect an appearance of lofty disdain but it only backfires.

No need to apologise as you're clearly reading it anyway. Your green bars are as real as QBT's revenue.

"Yes, working with chip manufacturers is huge."

It would be if it were true but the video says nothing of the sort - just hypothetical like all the rest of them. Perhaps listen to all the words not just the ones you want to pick out that suit your agenda? These videos are a joke but at least it keeps the gullible hooked which I guess is their intention. Think I'll just wait for real news - maybe tomorrow...

Just checking!

So we agree? Any value comes from the synergies etc. NOT from the terms on which the new shares are offered.

I didn't say there wouldn't be shareholder value - just not an instant doubling or more. If two companies merge then there is not an automatic increase in value simply because of the terms - they are neutral to both sides else it wouldn't be a merger. Any increase in value will come from how good the market thinks the merger is. If favourable the sp will go up, if not it won't. I think it would be favourable, just not hugely so.

"If you believe you hold if you don’t you sell up"

Not so. I don't believe but am holding. In the same way I didn't believe I would win the lottery each week but I still did it anyway. I believe it is a value bet that's all (the lottery wasn't even that though)!

PAS - Because it's a called a risk. The same risk with any investment, especially with AIM CEOs. The rewards here are HUGE if he is on the level and for me it does boil done to this very question. If he is being totally honest about the 'product' then great, we will all be rewarded handsomely as such a product when available (as he says it will be) will sell itself for a very high price. Barring complete incompetence in execution or deal negotiations how else could the sp not rocket? The only other thing that could scupper it I suppose is if someone else comes up on the rails with something better but even there he has been at pains to point out there is no-one else developing anything similar.

So to me he is either being straight in which case it's as close to a racing certainty as it could be. Or he's not and we're screwed - but as far as I can see that is the only risk and, even though personally I think it's a big risk, it's still one worth taking given the size of the potential reward.

However, if you are convinced he is being totally above aboard then good for you but to me this means you think this is practically that unheard of thing - a virtually risk-free, but very high reward investment? Do you really think that or are there other risks that would mean this could go belly up if he is being as honest as you think he is? I'd be interested to hear what those risks are...

"So it's innocent until proven guilty, at least in the UK"

Fair point - but by then it's usually too late for investors.

"i'm talking about this board Hexam , not others ... your de-rampers have called the CEO a liar , a cheat , effectively a 'fraudster'"

He might well be - how are you so sure he isn't? I don't know, just hope he's not.

"Valid point, Now can you name people on the other team for balance?"

AHS is probably one but tbh I don't disagree with much of what they say. Same goes for MysticMe. Bobsocks to me is like Addison but on the other side. Verbose, self-indulgent and a slog to get through their posts so I don't usually bother (sorry Bob and Addi).

Tbh this board is no different to most boards despite the whinging here (and many boards have much worse trolls). Also there is one on this board worse than all those already named on both sides in my view - RKB. They are the most insidious and dangerous kind in my view (the know-it-all type, privileged to certain information etc.) and can be found on either side of the fence.

"... so Hexam , why effectively accuse the CEO of being a con man / grifter ... you see that as reasoanble do you ?? Really ??"

Just look at some other boards on AIM and you'll see plenty of people saying just that about their CEO. Not from trolls either but from investors who have been shafted by the CEO and not only called them names but talking about legal action too. I don't know which FG is but it is a fool that says he is definitely does one way or the other. We'll only really know for sure once a decent deal has been struck or when the company folds as with this company, and the 'product' they claim to have, it will be pretty clear which it is depending on the outcome.

A more interesting debate might be what would any merged company be called? ASCHOO (bless you), BOZOS, Fraser's Follies?