Member Info for itisagame

no reason for Sefton to not convert atleast some now, the price is as low as he can get.

could be coincidence but if you add up the large sells today it comes to 28,685,151 shares sold, Miton had 28,180,265. assuming most are theirs, then they could be nearly out already.

I did buy a few. I Agree with wile, A sudden oversupply of shares and exaggerated drop, expect it will rise when most find a new home. Another rns Milton group 11% to 6%.

Blimey, thats of 50% from yesterday high. This is getting a Beating, not even 5% of last aug now.

Don’t worry about 0p Woodstock, If they go to 0.01p I will buy them out, and then Pay myself for the inconvenience with the £1.5m cash they have.

In theory if ehgos sell down to ~100m shares Sefton can convert to his maximum (234m @ 0.25p /£585k of notes) and they will be under the 29.99% threshold of the enparged company at that point. (Will have just over 1b shares in issue). Will have to see what they have sold, another “1 share trade” yesterday and they have not let us down yet.

I still think EHGOS will sell the price down to 0.25 for Sefton to convert to his maximum value, then It will rise off the back of that.

I dont think they understand the term “SMALL”, the company had 225m shares when I first invested here, it’s been diluted by an extra 5b shares now and cash has been spend on just “winding down” old businesses. If 5b is small what is big?

Took a while but Lse has updated the wdc share page to show the correct shares in issue, Sure it won’t be long before the next conversion and they need to change it again.

"The deal Sports Direct put on the table is at 2.85p" - ok thanks, i never saw a figure in the articles i read.

so around 6.5b total shares in issue afterwards,valuing debs at £185m at 2.85p, 15p for the ~£1b mcap

Alot taking the negative side here but

What if MA under rights the issue at say 5p (3 billion shares), with the intention of it not being taken up by many (people will instead buy in open market) and thats basically the buy out. he ends up with ~3.4b shares ~80% of the enlarged company.

debs ends up with £298m less debt and the enlarged company keeps trading (for a while till MA takes it all)

Could have purchased just 300k less shares and stayed at 2.99% and kept us all in the dark, and you would be forever discussing it here so Thank you for the confirmation.

Also While you are here do you know how many notes are outstanding ?
I did email the company a few days ago but no response yet.

Thanks.

Wdc if you are reading this please get your server admin to reset the password or delete and create a new user in phpmyadmin and then reset your settings to get the main website back up.

The Front end is down, it was up earlier, probably trying to update it and locked theirself out with wrong password.

i can still access the prospectus pdf but not other pages in my history, so the server is up.

http://widecellsgroup.com/docs/WideCellsProspectusfeb2019.pdf

Well for under £7k anyone can buy 3% in the company and put forward a GM to fire the board, that would be hilarious if it passed, only way out would for the bod to buy shares in the open market them selves if they want to keep getting paid their salary.

Sefton has an option over the notes, not the already issued shares, i expect them to be selling the 190m they currently have, maybe just clarifying their position before tax year end.

"The Company is aware that the Investor has granted a third party, Nuuco Media Limited (Nuuco), a company controlled by Mr David Sefton, an option over £585,000 of Notes (Option). The Option grants Nuuco the ability to acquire the outstanding Notes."

you would have thought so, quick look at the chart and roughly 450m volume has traded since they got them on the 21st so its not even 10% of the total volume, they must want a better price, or are waiting for next week and the next tax year.

the had 225m now 190m reported today.

theres a holding rns just popped up if it helps :)

I may have been day dreaming as I was trying to re read more of the prospectus yesterday but this was about the only way I could see a path to 2p (other then actually producing a cash rich highly profitable company out of the hat) 1. EGHOS sell their current shares 2. This allows Sefton convert the £585000 he has options over at as close to 0.25p as possible 3. WDC Pay remaining CLN off with cash in the bank. <£500k ? 4. Give a few positive RNS and have the market say “oh wow the director just bought 20% and they have cleared the CLN” 5. Ramp 2p warrants, ramp stem cells, ramp new co. 6. Price spikes and a few warrants get executed. 7. Sefton sells a few to pay his loans back for his £585k and he makes a killing. 8. WDC Subscribe to the next CLN tranches everyone forgot about, 9. EGHOS convert and sell at around in the mid to high 1ps (after they forward sell the sp down from the 2-2.5p warrant price) 10. Company is funded, eghos are gone, Sefton has a large chunk of the co. Or step 2 is 50-50 Sefton and eghos convertig at same time. I’m probably completely wrong and have put to much brain power in to this but it’s a pretty quiet bb atm. Price still seems very controlled, not many pi sellers, only supply seems to come from CLN. It seems If you want the best price you just have to put a buy order in at the price you want to pay and leave it, probably get it filled in the morning or after 4pm.