Member Info for itisagame

can sell as soon as you have them in your account >10th June, aslong as it gets passed at the GM and shares are actually placed.

"Expected timetable
Announcement of the Fundraise 21 May 2020
Announcement of closing of the Fundraise 22 May 2020
General Meeting 9 June 2020
Admission of the New Ordinary Shares to trading on AIM 10 June 2020"

So now MLVN has raised capital, is sitting at a £2.2m mcap at 0.2p which is around the price they paid for one acquisition a while ago, schools look to start reopening in 2 weeks, what is the expectation for the share price?

"Schools will re-open from June 1 following the coronavirus shutdown, starting with some primary years. Secondary plans remain unclear."
"S'pore schools to open June 2, with most alternating weekly between online learning and classes in school"

And another one director buys.


Director Dealing

Malvern International plc (AIM: MLVN), the global learning and skills development partner, announces that, pursuant to the announcement of a Fundraising this morning, it has today, conditional on completion of the Fundraising, granted options to subscribe for 65,000,000 New Ordinary Shares exercisable at a price of 0.15p subject to performance conditions.

The options are exercisable after the third anniversary of Admission subject to certain performance conditions. Of the options awarded, 50 per cent. are exercisable subject to the Company's share price reaching 1.51 pence over 40 consecutive business days. The remaining 50 per cent. are exercisable subject to the Company's share price reaching 2.62 pence for over 40 consecutive business days.

Of the options awarded 32,000,000 have been granted to Sam Malafeh, Chief Executive Officer.

Looking at trades Someone took your message to heart?

https://investegate.co.uk/malvern-inter--plc/rns/result-of-fundraising/202005201350565137N/

Come on lse wake up, so many delayed or missing rns lately

Aaog went to a £3m Mcap on disposal of assets including their liabilities and £200k in the bank and announcing it is officially a shell, no reason why this can’t achieve half of that or more.

Always a speculative one but we all know that.

Come on Mm, Let me Buy at .15 and I’ll dabble. I’m not paying 50% more than your placing price so you can flip it in to me :)

Gone a bit quiet, now offered .0751 for 10m. Vs .084 to buy.

.077 sell vs .084 buy for a few k

Hummm, Mm willing to take 10m in one chunk at .0712 off me.

Could turn in to a nice bounce from the 50% point of last weeks highs.

Exactly it’s £100k.
Last week gave them the chance to raise that at par (0.1p) if it was a simple case of wanting to clear the debt.
The alternative they could choose to convert the loan to equity and then take a larger stake in the newly set up disposal company for themselves, then as a shell once disposal happens they could offload some / all the converted stock in to the market to repay their cash positions And possibly profit. £100k at par = 100m new shares, giving 1b shares in total, £1m Mcap at 0.1p.

If they went down this route they would probably need to raise another £200k-£500k during the rule 15 period for working capital So could end up with around a total of 1.2b - 1.5b shares in issue if they went that route. (All assuming raised at minimum par value)

I Expect Sp movement up and down between £1m - £3m Mcap normally achievable for a clean shell during the speculative period.

£5-6m Mcap is very rare unless they have a few mil cash.
MTFB is a one off hitting £10m Mcap shell with very little cash.

Obviously that’s on the assumption that zen will be able fund the license.

Technically no reason other then price and actual payment to not renew it.

it will get renewed, but in the meantime they could also just extend all licenses due to expire for 3-6 months, they have extended the tax return period (as per AAOG rns) because every government agency is closed / running on low capacity / only focusing on priority issues.

Getting a quote of .062 for a £2k buy

And .057 to sell a few.

I’ll leave it till Monday, might rebuy a few more if it drops in 5s

.61 to buy, nt to sell.

Dropping in to fives.

“ Consequently, the Company has no ongoing operations or revenue generation but continues to hold interests in the existing FlexGen sites which comprise of a 44.5% carried interest in each of the nine 20MW co-owned FlexGen companies. These are being marketed for sale by Jones Lang Lasalle and continue to operate independently of the Company.”

“ This strategy has led to a £247,411 positive turnaround from loss to profit in the period under review. ”

“
The FlexGen assets are up for sale and this is being handled by Rockpool Investments LLP advised by Jones Lang LaSalle and we look forward to a positive outcome from this sale process. The deferred fees which we are owed, totalling £656,856 to the date of termination, are repayable upon a change of control or upon a refinancing of the existing loan notes.”

“ The Board are also currently giving consideration to hiving out the remaining assets of the Company, including the interests in the co-owned FlexGen sites, into a newly incorporated private company which would be owned by the Company's shareholders on a basis pro rata to their existing shareholding in the Company. It is the Board's intention, should they decide to pursue this route, that this would take place concurrently with a prospective acquisition or reverse takeover of the Company.”

high or go low, I’ll buy or sell either way.

If it pans out how the RNS state then they could be being removed from the PLC and any liabilities are removed from here anyway.

If They are worth £0 so be it, it’s not why I’ve purchased shares in the a potential shell.

I Agree mibo, history tends to repeat so if they don’t bring new people to the board with the next RTO then weasels warning is worth considering.

Also I missed a zero earlier , (873mx £0.03) £26m.

So your telling us that the assets they have and could return to shareholders via a private company are worth £3m?

And that they have had successfully implemented and completed RTOs via a shell before?

Wow it gets even better ;)

Looks even better as the £350k potential shell I purchased.

I can understand your frustration of the prior events, its similar to most other failed stocks that most of us have experienced elsewhere.