Member Info for itisagame

"whilst making no commitment to do so, I do not rule out in the fullness of time and subject to de-listing and on becoming a private company making proposals to buy the shares of certain of those holders who either do not wish or are unable to be invested in a private business"

Well he said he doesn’t rule out buying people out once private

It Was peters buy, he can’t buy any more, guess he will have to ask his mates.

Peter Levine is currently restricted from acquiring further Ordinary Shares without making a logistically burdensome general offer to all other shareholders since the Takeover Code continues to apply to the Company.

Probably not much for anyone holding more than a day, but that didn’t appear to put someone off buying just over 2% of the company today (delayed trade : 262k shares at 7p, £18k)

Much quieter today, here’s what I see :

6.8p/7.4p £800/900k mcap, $12m due, 650k raised at 35p Jan, fell 80% on two large holders selling at market against each other - Scheoders and Miton, vs large holders calling for it to be private who potentially could buy more here pre delist.

Expect the largest trade Thursday was Miton out and Schroders sold about half their holding in chunks, but the remaining 400/500k out and market brings the share price back up before delist end of month, with a few trading opps around the GM.

Was 5.5p to buy when it hit 4p lows, I think there’s room for a trade into a bounce once settles, or it’s a Small mcap vs the potential if wanting to hold a private company (but that’s not my desire)

Plenty of time for trade on a 2 or 3x plus gamble , with one II out, the other nearly all out, and the majority of the small number of shares in issue left held by parties not selling them and likely to add to their holdings.

“Last day of dealings in Ordinary Shares on AIM 26 April”

It’s very quiet here, does no one know that you got a chance to bail at 10p before it delists?

Just issued £650k at 35p and trying to run off with the company, but 25% of it vote against it and make 400% from here as listing secured.

A second RNS, TR1 holder 3%, Good luck “Edward Richard Bibbey“

Who crossed the 3% threshold purchased yesterday at the lows.

30 mins of interest at open and no trades for over hour since, got to love small caps lol

I’ll take it, that’s a good rns.

“ Channel samples include assay results of (1) 3.1% copper and 17 g/t silver (2) 1.95% copper and 15 g/t silver, and (3) 0.86 g/t gold and 21 g/t silver. “

DKE currently ~0.017p cash / share.

DKE post enlargement with warrants exised at the warrant price (0.06) DKE would be £1.5m mcap with 2.5b shares, with ~£750k cash, (£300k from placing £450k from warrants) thats not a bad cash position to be in for an RTO.

Until then my guess:

0.022s get dumped to fund 0.04s.

0.04s get dumped to fund 0.06p warrants.

theres room for a few trades in it, but still currently a 50% gain for 0.022s to exit and dont want to be their exit liquidity, ive set the price alert for 0.02 which is just above current cash per share, i dont expect it but you never know.

Yea, always Potential that debt holders will use the transaction as leverage to try and extract an extra pound of flesh from the company.

Even after the pledge to repay a large chunk of the debt they will likely want an extra % or two, or a fee, to make them feel whole, but there is plenty in the deal if / when it completes so could be minor in big picture.

Makes no logical sense to kill the deal, when they can get 5-6% risk free in treasuries once cash in their pocket, so bargaining over a few % on remaining debt facility is free money for them, and who knows a sale of that too could fill their pockets earlier than they expected too.

Notwithstanding shareholder approval, the Sale remains conditional on a number of other matters, as explained in the Circular. R&Q continues to work expediently towards satisfying all other remaining conditions to the Sale

***and remains hopeful that appropriate agreements can be reached with all of its lending banks, providers of credit and other finance providers (the "R&Q Finance Providers") to enable the Sale to take place. ***

Further details on all these matters were set out in the Circular. Shareholders should note that there is no guarantee that all conditions to the Sale will be satisfied (or waived, if applicable) or that all necessary agreements will be reached with all of the R&Q Finance Providers. Closing of the Sale is expected to occur in late Q1 2024 or early Q2 2024.

Any rns from now should be good but A little surprise end of quarter payment of the remaining $210k owed to CMRS would be nice at the current mcap.

Yea, I saw, I’ve seen a lot of CLN with headline rates, didn’t know if there was a “subject to revaluation at time of excise” clause in the finer details. 65m shares at 60 cents or a billion shares at 5p would make a fair bit of difference.

Time will tell if 5p is value or not i guess,

I Would like to see the final results, but last ones were in June, so could be too late, always irritating guessing from information 3 or 6 months old, considering year end was December.

What was with the 60p raise, was that actually cash in bank at 60p / share done and dusted / settled ? or is it an outstanding CLN and can be converted at any current 20 day vwap ? Ie potentially 5p now if converted today

“R&Q raises up to $60 million of new equity into the Group”

“The preferred stock will, in certain circumstances, be exchangeable at Scopia's election into new ordinary shares of R&Q at 60.98p (representing a 10% premium to the 20-day volume weighted average price prior to the date of the Agreement).“

I see it as cheap at anything sub 50p if deal goes through, if it doesn’t then it’s not.

R/R is high but I’m happy just Watching with what I have for now.

10x or 0 from here.

I was out by 1 share held in treasury 2,666,666, not 2,666,667 😜

And floats slightly lower.

Ps : Placing done. Let’s go up now.

As part of the placing, the Company sold 8,018,647* of the 10,685,313 it held in Treasury. As a result, there remains 2,666,666 shares in Treasury and the total number of voting rights in the Company is 70,786,843.

The Power of Bidenomics at play when 98p can add £5.5m mcap to a stock, let’s hope they earn a fiver over the weekend and see it to the hundred mil mcaps

+27% paid at 6.98p to 4.5p bid now, wtf is going on, they desperately trying to stir the pot to fill orders?

Because nothings really changing hands.