Member Info for itisagame

I wanted to take it up, but with my small holding and not getting notified I wasn’t going to spend time chasing it up.

But benefit to it not being taken up is it’s 100m less shares to issue and have kicking about at 1p, the extra cash they could have raised on top of what was raised wouldn’t have gone far or made any material difference.

will it come down to needing to slow down in the 2023 drilling campaign and keep more cash back within the company to get the share price back up?

It’s nice that production has been funding it without extra capital raises but the market hasn’t looked favourably towards reinvesting everything back into the asset.

Looks like Monday then.

Oo uptake was low but tbh I didn’t even get a notification or details from my broker about it so not surprised.

Looks like that after hours sale was Joshua Rowe then, he took quite a haircut on that 1% sale is it was stock purchased, sp was at ~2.5-3p around his 22/9/20 TR1.

I wonder if that is it, or if more large sells to come.

£300k per producing well.

Thanks, yea I skim read over that before, I’m pretty confident that it goes ahead Jan but what concerned me (and why the company has been suspended ) is that they are selling shares that do not exist as of this moment, while shareholder approvals is still needed to issue the potential new shares.

I’ll make money when it comes back , but It would have been nice to have been able to trade it within the low liquidity pool of actual existing shares, suspension bailed out the shorts and T20 forward sellers from a 3-4p bounce or more which is what it would have been if only ~50% of the 38m “real” shares currently in issue were being sold on open market.

Games be played, this will get pumped when it comes back, 2p maybe, but longer term in to August if no extra contracts are Secured and cash burns away, it will drop off again to much lower than current levels, possibly 0.2p end of next year (not adjusted for consolidation)

So that’s for the “Director participation in the Placing, Subscription and Open Offer” shares issued to directors, even though the placing is still subject to approval in Jan.. and can be voted against.

“The Fundraising requires Shareholder Resolutions to be passed by the Company's Shareholders.”

So they have issued shares below nominal par value without shareholder approval.

It will, and the forward sellers get a free bailout.

It is LSEs fault that systems are able to sell more shares than in issue to willing buyers, a few simple changes to limit possible short selling to only the number in supply of shares held by owners willing to lend their stock, verified at the point of each short trade and the problem doesn’t happen. But they use the excuse that “it helps create a market” which is bs, and so it happens again and again, year in year out. They sell stock which does not exist and it’s possible it never will exist, (brokers gamble that it will exist) in real world it’s called theft.

It would have been 3-4p if they only traded the free float and the stock IIs were selling, simple supply Vs demand. They faked the supply.

Someone got caught forward selling stock that don’t exist.

All them shares purchased need to settle to have your voting rights.

Couple hundred k worth of stock voting against it can block it from happening on the terms offered.

Still 38m in issue / £400k mcap on the main (real) London stock exchange website.

Now saying 143m shares in issue when it’s all subject to approval.

They are Acting like it’s been passed and approved when they can’t issue sub par value.

The only way is to be forward selling tons of stock that doesn’t exist on T20s

“The New Ordinary Shares will have the same rights as those currently accruing to the Existing Ordinary Shares in issue under the Current Articles, including those relating to voting and entitlement to dividends. New share certificates for New Ordinary Shares will not be issued and the existing share certificates will remain valid.”

38m x 1.5p = £570k mcap not £2m, they changed something since last week, as placings are conditional to shareholder approval and shares have not been issued yet.

Trackwise Designs Plc Ord 4P is listed on the London Stock Exchange, trading with ticker code TWD. It has a market capitalisation of £2m, with approximately 38m shares in issue. Over the last year, Trackwise Desi. share price has been traded in a range of 98.725, hitting a high of 100, and a low of 1.275.

Much quieter than I expected, S247 price holding up atleast

30m traded in a day and a half of 38m in issue.

II can only sell so much, people are buying what they sell, enough have changed hands to block the placing on the terms offered if there was an organised buyer.

Realistically It will have spunked the raised cash away in a year and be in same boat. (Am Holding a small amount)

I Would like placing to be rejected

£200k blocks it.

Ahh the amigo special, a Ltd subsidiary company has issues and the parent company faces 95% dilution to pay for the troubles of a subsidiary.

Completely wrong, illegal and against all norms and requirements of a LTD company but FCA make it up as they go along.

Liquidate the effected subsidiaries and give them bugger all.

FCA eliminating PFGs competition one at a time, NSF next?

( PS : Ben is a cash generating bargain, take advantage of the drop for longer term hold.)

“BS cannot just take the collateral (shares) and sell down unless there is a default. ”

Remember when they held shares for security against a directors debt with Angus energy ?

Not as bad as it could have been imo not all is potentially lost, could be another potential acquisition down the road in time.

Sadly it is yet more time.