Member Info for Invest4theLT

NT to Buy

It might have been a limit each month of 10% of the original borrowed amount (c.$7.1M), or maybe whatever the limit was has since been waived.

27-Apr-22 08:03:29 0.42 22,200,000 Unknown* 0.33 0.36 93.24k

Above bid and offer prices this morning. More smoke and mirrors.

2 weeks ago:

‘The Company remains of the expectation that the refinancing can be achieved by the end of April 2022 and will make further announcements during April as required to update the market on the continuing process.’

Today:

‘Then again…’

Where are the TR1's.....? Tut Tut.... If nothing else AP is nearer 3% than 5% now.

Presumably the subscription shareholders were told something to convince them to buy at the higher price. I know they've got a load of warrants but we're below that price too now.

Or something else given the subscription shares were due to come out ‘on or around the 20th’, and he declared on the 19th.

Could be that or could be from the subscription.

Through the last 2 conversions Atlas have taken 15% of the shares in issue.

I don’t think we’ve had the volume to shift them or PI appetite to take them. Is someone (Atlas or another party) late with their TR1?

Where are their shares going? These and their last 48m? Not sure there’s been the volume to flip them all.

19-Apr-22 16:27:31 0.5034 25,471,154 Unknown* 128.22k O

Matching todays rns shares but a higher price. Flipped to a buyer already?

13-Apr-22 11:20:01 0.53 -28,414,060 Unknown* -150.59k O
13-Apr-22 11:20:13 0.5294 20,000,000 Unknown* 105.88k O
13-Apr-22 11:20:01 0.53 28,414,060 Unknown* 150.59k O

?

Presumably the investors with the 160m warrants have been given some assurance as to the future of the company.

Also an EGM may be required to get the headroom and the company won’t try that before refinance news?

That’s 10% of the shares in issue. Flipping, flipped or holding for further news?

Thoughts on why they've started using Twitter/PR all of a sudden today? They've been as quiet as they can the last 2 months. I thought that was to mitigate any Atlas conversions. Not bothered now?

All those warrants at that price looks like desperation to get the subscription through.

What are Atlas doing with the recently converted shares? It looks like these last 2 batches were bought at a price that they couldn't make any profit from subsequently selling on the market as the price has kept falling. Perhaps some serious forward selling?

Odd?

Looks it. Could be the 10m balance from the last conversion. Quite a few buys the last few days soaking it up possibly.

More big trades after close:

05-Apr-22 16:39:20 0.65 5,000,000 Unknown* 32.50k O
05-Apr-22 16:27:01 0.65 5,000,000 Unknown* 32.50k O

No doubt quietly beavering away to get it sorted without exciting Atlas in the meantime. VWAP today lowest it's been so hopefully they won't be converting much $ this month.