Member Info for HHReturns

Apologies, I was doing something else when I had started to explain, and your question came in the meantime. Yes, in theory 2p, but in reality a bit less, so unlikely to be beneficial.

You can also often buy the rights for a period, which is riskier but also potentially more lucrative - e.g. buy the right for 2p a share in your example and if the normal SP goes up 10p, the value of your right increases five fold or something near to that, to 10/12p as it is worth approximately the difference between a fully paid share and one that needs 43p more paid before it becomes a full share. It becomes leveraged for a short period until you have to elect to subscribe or otherwise let the rights expire.

People can always take a bit less though, if they want. What is known as tail swallowing, a solution which requires no new cash, isn't looking like it's going to do much here currently as there isn't enough of a gap between the offer price and the live price. If there is some decent news that boosts the SP then that might change.

Yes, around 70% of whatever your current valuation is showing as.

Yes, 9 shares for every 13 shares held from memory - like you said.

You were proud of that sentence I think.

He must be buying. This is not stopping.

I wonder how it feels for David Hobbs. Be replaced in your role and the SP has a rocket on the news.

Bluepanther, I based it on the increasing price quoted to buy over recent days, and again this morning. 0.36 something to 0.39 this morning.

Can Rear Admiral Spencer buy now, or perhaps only after AGM is best. I expect him to be buying, which should prop up the SP nicely.

Delano, your post history tells your frustration. It was buy, buy, buy from you at much higher levels than this. You were positive post the announcement too, but have been worn down, which can happen.

It seems to want to go up finally. Let's see.

Agree with that Mazerunner. He should be able to open a few more doors. Good to see blue.

It isn't quite a 10p loss, as they don't have the find the 2.5p. To me it is an acknowledgement that the SP couldn't take that level of pressure, or anything close to it. I think it is a sign of desperation rather than boldness and strength.

Hopefully Mazerunner.

I am not positive about the day here. Oil on the rise will hopefully help, but no new well operations this year can't be great.

Feels like a putsch by Spencer. Clear off Hobbs, or I won't back the company anymore. New blood, and the non-exec is left smarting from his big purchase at 70p odd a share.

He is a successful entrepreneur, for sure (stating the obvious)

My mistake - insiders are excluded from it. Prrhaps a plan to bump the SP for the insiders to profit from, or perhaps an actual attempt to solve a problem and insiders will wait before exercising.

That is unusual. They plan to borrow (and Issue new shares) to buy back warrants, most of which are owned by insiders. Sure, it deals with an element of dilution, but only through future dilution.

Call me a cynic, but it snacks of insider's trying to ensure they get a decent chunk for their 2.5p warrants and they don't have to fund them either.

There isn't going to operational cashflow to pay for this, even after the acquisition. More smoke and mirrors to me, but interested in the views of others, and perhaps the SP will respond to favourably.

FFS, why have you set up a duplicate account? Two to filter now.

Well 43p is still less than 46.8p in my world. That's 10%