Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
With Sefton as a majority shareholder of TLE it will be 25% of nothing.
Reece, cheap as chips!! On what basis? Any idea of the dilution ahead from the so called "Investor". I thought an investor, invested funds into a company, not invested money from forward selling then using 80% of those funds to put into the company. Or am I missing something?
Are you for real??? After all this time you are happy they have a target in mind. The impression you got here was that there were companys trying to knock the door down to get involved. Why cant they defer the cancellation because of the virus? Maybe there isnt enough happening to satisfy the FCA/Exchange/.
Less shares are you for real. It means that the company issued nearly 100% extra shares without notifying properly. How the FCA jags approved this without any directors (Sefton) getting prosecuted or the broker being fined is a joke. The 30 odd billion will be new shares for the new round of funding. Needing to lower the par value to be able to issue them so low.
Seller hasn’t disappeared but done (sold everything or enough to cover debt/margin call) that’s the rumour. And yes brokers/mm’s do talk out of school.
So when they announced the last funding they said that they spoke to the institutional investors who were not prepared to invest at the moment but would when the balance sheet was sorted. Who are the II's? The share register is full of retail brokers. Nothing that adds to more than 10% anyway. Would retail invertors have preferred a rights issue. 2 for 1 @ 0.06 would have raised about 2m and pay huge fees to get it underwritten. Surely better than this deal. I hope the people like Pablo/Tops(honestsquaddie) etc on twitter ramping this at 0.4 are feeling good that they helped to trick PI's on behalf of Sefton. Not that Tops is paid :)
And if so for what reason??
Wonder how much of the consultancy fees owed are to Sefton.
They cant suspend the share as then they will not be able to do the funding. Pre sell the shares then buy from the company. This should never be allowed.
Who is going to buy when the first 2 days has done this. There is at least another 6 months of this. Before raising 1m (or whatever the amount was) with a market cap of 5m and now raising 2m with a market cap of 700k!!! You do the maths. No point in selling though with the spread like this. Who voted for this?
yeah 5m 0.41 then 5m @ 0.36 the 10m lumps again. Do they realise what this type of funding will do to the shares?
What is positive about issuing 300% more shares (at least) to pay what we were told was all sorted and hopefully cash positive H2? Sefton needs to be investigated for this. Please explain the positives.
I hope that none of the payments owed for consultancy or directors salary's are for Sefton. Directors should be paid in shares at 0.4p a share which was the supposed floor. Good enough for shareholders then good enough for them.
You would think that they have a big hitting name then already in place for the CMD
I just do not get how the CFO is falling on his sword for falling shareprice. Its not on the back of financials its scaremongering about water etc. Or am I missing something?
Not exactly the best time to be giving good news.
Taverham then surely the shareholders should be aware. Or if the CEO etc have too much control etc.
When a director or NED leaves should there be some sort of statement from then confirming whether or not they are a good leaver and the reason why. Not just walk away and leave people wondering.
Drillspark it also happens when a CFO walks out. They get a better pay off if agree to mutual agreement.
No $25k a year but work related