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"The purpose of the resolution is to: "Reset the nominal share value so as not to hinder the future issue of new shares should the share price be below the current nominal value".
There you have it in a nutshell. A vote in favour is a vote for "DILUTION".
Shares which are now being bought and sold is a false market. People (and the market) think new shares are being bought and sold. Yet people are buying and selling old shares.
Now the company has issues 3 billion old shares, 10% of those already issues, will these have votes and be added to pass the resolution to consolidate? This is the question the board must now answer.
Following Admission, the total voting rights in the Company will be 32,539,926,104 .
So shares were not consolidate. Well I wonder if they now will count these votes which will now grant the company to consolidate the shares. Then with the nominal value increased will they then issue more shares? Damn, what a way to win a vote. Issue shares to friendly holders of the management who employ you. Not good. Not good at all.
You lose the vote so you suspend counting. You then issue shares to friendly voters who then let you vote by proxy. Then management now have enough votes to win approval. Win approval for what exactly? It is not for consolidation really is it? It is permission to dilute everyone to death and keep management in place for the mother of all dilutions. Gosh, how can they get away with it?
If they issue 3 Billion shares, to their employee, then the shares have NOT been consolidated. Looks like we now see why the meeting was suspended. So they were short on votes? Now they have issued 10% more shares it will take the management over the percentage to win the vote and then be able to raise more funds at a discounted rate. Damn this looks illegal to me. What manipulation. It is clear now why they suspended the meeting.
3 Billion new shares (10% of 30 Billion) of nominal £0.0001 means these are old shares. THERE HAS BEEN NO CONSOLIDATION.
It is recorded there are only Billion in issue and that the Consolidation has gone through but has not.
THIS IS NOW A FALSE MARKET.
Are plans being made for a bit of dilution? Hard to raise much with a low share price. And not only is little going to be raised so many shares will have to be issued. . Anyone funding this will expect discount to current price. Minus 40-50% seems the norm on these occasions.
0.50 - 0.60 pence in coming. Instant 40% dilution for anyone buying in here now. Cheap as chips for a very good reason.
Only way now is up. Gosh how much is out stake worth and how much will someone pay for it? The company is going to get a lot of cash at some point. Just how much is the question. STRONG BUY
Now how much is 8.5% stake worth in Mako? Certainly many multiples of the current share price. STRONG BUY GUYS.
0.20 pence is my guess. It will not keep the company running for long. Too many shares have to be issues and too little raised. This Ai is a red herring. Do not fall for it. It makes creams. That no one seems to want. How does it get into Ai? With cash raised from people who should know better.
They should have announced the results. Obviously it looks like the resolution to consolidate the shares did NOT go through. Why not give the results? False market now as the number of shares that exist is not clear, and or the it is not clear what shares are being traded exactly. If the shares were consolidated then why actually discuss the consolidation? Makes no sense. Some people have information that is not in the market. Not making this clear is now illegal and breaking AIM rules. Aim itself should now step in and suspend the shares.
There is nothing to do here with AI. This is just a grans scheme to get in new investors then issue shares then continue to take salaries as reward for failure. Any news on the seaweed business?
Major share issue coming and there will be another and anther after that if people are stupid enough to buy into tall stories.. AVOID
I see this company`s shares suspended in a month or so.
47% discount. So the company has been sold for a song.
If this well is non commercial the company is finished.
LETS REMEMBER THIS WAS A Proposed Capital Reorganisation, Proposed New Articles of Association. Results of this vote should have been announced on the 16th February. It is now the 21st and still no results. So lets assume the proposed resolution has failed. Now the company is working out how they can continue to take a salary now that shareholders no longer want to fund them.
Forget this nonsense about hydrogen storage. The management must be fired, the company would down and put into administration. RIP Who in their right mind would vote for consolidation knowing full well it means more dilution. Idiots. Better they voted no. End the the farce. Türkiye was a duster. The gush only gushes water. It is the end of the line....RIP{
It looks like the share price is priced in old money. Yet the number of shares has changed. The company should have announced on the day the results. It does look like the resolution vote for the consolidation has failed. So what are their plans now? They are not allowed to issues shares. If they cannot issues shares they have to issue an announcement of how long the cash they hold will last. No fundraise and the company has to suspend the shares. Delisting comes a few months later. RIP
When 18 pence goes it has a gap up to 30 pence. Still a strong buy guys. Great products....
Cannot see anyone wanting to fund this outfit now. If they do get a funding away it will not be the last. Of course there will be a discount for the funder. 1 year down the line another funding round and dilution with more shares coming. My God why would anyone vote for them to consolidate the shares? It is rinse and repeat. This is a lifestyle business run for the management and their high wages. AVOID THIS THING. I cannot be sure consolidation has gone through. Where are the results of the GM and the resolutions?
First buy was under 8.0p and I have been adding. I certainly see these shares back up over 40p by the end of the year. I see consolidation coming with another sports/protein group. If an offer comes it could be as high as 60 pence. Perhaps a sale of PHD. That must be worth more than our market cap. The rest comes for free. Great buy guys. Lots of upside here on improved trade, and better wholesale whey prices. Looking very good imho STRONG BUY
Farn contemplates alternative short- and long-term financing options. One of those alternatives is most certain to dilute shareholders.