Some question why we trust the BOD in this company!8 Sep 2021 13:42
Some think we are a very sad lot waiting for that major RNS that will change some of our fortunes forever!
But we did our research in this 25-year-old company that has the goods and decided to invest.
When the company was approached by the Banks on a no win no fee basis to sell parts, or as we assumed at the time, the whole company, everyone piled in!
We assumed things might happen quicker than they have, but the company has NEVER failed to deliver on its promises!
And the long-termers know that.
One of the past RNSs that highlighted that
RNS Number : 3430T
Eurasia Mining PLC
13 November 2019
Eurasia Mining plc
Exercise of Options and Warrants and Accelerator Clause Notice
Eurasia is pleased to announce that it has received notice to exercise warrants over 1,666,668 ordinary shares of 0.1 pence in the Company at an exercise price of 0.6 pence (the "Warrant Shares"). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £7,000.
In addition, the Company announces it has received notice to exercise options over 11,000,000 ordinary shares of 0.1 pence in the Company at an exercise price of 0.6 pence per share (the "Option Shares"). The consideration for the exercise of the Option Shares amounts, in aggregate, to a cash value of £64,200. These options were exercised by employees and ex-employees of the Company, not holding positions as directors of the Company, PDMRs or advisors to the board.
Accelerator Clause
Furthermore, the Company wishes to advise that the accelerator clause governing warrants associated with the May 2018 placing undertaken with clients of the Company's broker First Equity Limited (See RNS dated 10 May 2018) has now been triggered by the Company. A one-for-one warrant valid to May 2020 was subject to an accelerator clause whereby if the VWAP of the Company's share price is sustained at greater than 1.8p for ten consecutive days the Company may choose to force the execution of the warrants. Tuesday 12th November was the 10th consecutive day satisfying this condition and notice was duly given to warrant holders. Warrants for which notice of execution is not given within 5 business days from the date of the notice will be forfeited. The total number of outstanding warrants subject to the clause is 23,349,998, which represents a cash value of £148,600.
Now you can read into that what you like, but we felt at the time the company were telling all warrant holders to get in now or miss out!
"Warrants for which notice of execution is not given within 5 business days from the date of the notice will be forfeited"
I seem to remember BigMJ coughed up straight away for his extra 11,833,000 shares :-)
"bigmj
Posted in: EUA
Posts: 1,941
Price: 3.00
No Opinion
RE: Nagging question14 Nov 2019 11:06
11.833m of the outstanding 0.6p warrants are mine, these are most certainly not being forward sold, nor will they be getting sold a