Member Info for itisagame

Just a waiting on news.

Yep.

“Further to our announcement on 22 June 2020, Amigo has yesterday entered into an amended Voluntary Requirement ('VReq') with the Financial Conduct Authority (the 'FCA'). Under the terms of the amended VReq, the Company has agreed to reach a position by 30 October 2020 where all complaints are dealt with appropriately within eight weeks.”

Same as here?

EG : so if its re-licensed or sold for £100m VELA is could get 8% of (100m, minus 19.2m, minus sums payable to the major pharmaceutical company and certain funders, and provision for taxation (no idea on this figure, say just £10m for the example))

£100m - £29.2m = £70,800,000 * 8% = £5,664,000 payable to VELA.

So for an investment cost of £2,350,000 VELA would only make make £3,3140,000 profit on a £100m sale?

(even if the "sums payable to the major pharmaceutical company and certain funders, and provision for taxation" was £0 the 8% on £100m sale would be £6,464,000 / return of £4m profit)

Based on the 8% i would hope for atleast a £200-300m sale in the end to make it worth while on a risk / reward basis but for a potential quick turn around accelerated project <12 months even a £100m sale would be a tidy return on investment if they repurchased the shares issued to fund it in the first place.

Im just using the above as an example, any guesses on what it could actually be worth if it works as indicated so far?

"Under the terms of the Agreement, pursuant to either commercialisation route for the Asset, SGS will pay Vela 8 per cent. of proceeds received by SGS in excess of £19.2 million and after deduction of sums payable to the major pharmaceutical company and certain funders, and provision for taxation (the "Economic Interest"). Vela's Economic Interest shall be renegotiated should SGS receive further funding from third parties in the future."

As in currently 1p (£0.01) and once consolidated a 25p (£0.25) nominal.
So the lowest they are currently authorised to raise at is 1p (or the equivalent 25p once consolidated)

See number 12 - http://www.ramblermines.com/files/Rambler-FOP-blank-2020-06-05.pdf

Stop digging the hole kitty, you are not understanding it correctly :)

But by all means you can invest £250,000 in to VELA shares of 0.01 pence each at 50p too if you want and think you will have millions.

You are really getting tied up over a £500k company that has the potential to become a shell, that is all everyone has been trading PPG as the 6 months, what you are looking at and what everyone else has been trading are two different things.

I hope you get over the bitterness eventually because life is to short, you made a trade and you lost, it happens to everyone, learn from it and move on.

Yea... its win win for THEM, i didnt say its win win for shareholders. they keep their jobs and have more funding for a new project that they can string along while drawing a wage and raising more funds, and they have let their back pay build up enough to gift themselves a large and controlling stake in the old assets that they are extracting, they also are paying off the old bills associated to the demerged company, it is WIN WIN for Tat and Long... ONLY tat and long.

Official news and its a scanned copy of a letter dated the 19th.

liquidation, sorry to be the bearer.

https://www.londonstockexchange.com/stock/G3E/g3-exploration-limited/company-page

https://www.rns-pdf.londonstockexchange.com/rns/7002C_1-2020-10-20.pdf

fun day :)

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I doubt it, the refinancing has been in negotiation since >1p-1.5p.
And with many paying 4p / share not so long ago I doubt anything around the current price would get shareholder approval, plinian Hold 60% of the stock and were advising people to buy at a lot higher price, if they roll over to accept a low low price it wouldn’t look very good on them, but who knows it’s a strange world. They only just arranged the $5m loan last month with up to a 3 year maturity.

“ · US$ 5million senior secured notes with a 3 year term at 10% interest per annum payable bi-annually, ”

The Delayed trades are buys ;)

Lombard have still not reported their sales In the trade yet.
It must come at some point, don’t let it shock you when it does.

Most of us have done the same at one point :)

That’s the total share issue, they had 47m left on Friday, they are out Completely today with today’s volume, Very few retail sells and there are buys not reported yet.

Took a few more, MTL up 200% on their restructuring. Who knows where this will go.

25m volume reported so far with a couple of sells in there today.
Come on give us a TR1.