Member Info for itisagame

because i am from a fund with billions behind me so people have confidence in my management of being able to service the debt, and people i deal with on a day to day bases get given money that they have to place in the market for a return, their investors dont care where, aslong as they think they have a return.

Im more likley to go down the route of a equity raise, because the people i sell the shares to can flip a quick 20% profit and they will be happy.

Again .. as a hypothetical scenario..

£60m mcap company.
$230m on bonds trading at 25-40%
Net free cash† of $106.2 million at 30 June 2020

Hypothetical scenario.
If i managed to:
-buy 50% of the bonds up at 30-40% ($115 book, costing me ~$40m)

-then put an offer in to buy the company @ 5p/share i would have to buy the remaining bonds at 100% of book value, costing $115m for the 50% i dont own. ($155m total)

Bonds : $155m - $106m net free cash = net cost of $49m (£38m) to me, $230m of bonds sorted.
Equity : 5p / share = £100m
+ Admin fees.

Total offer would cost me ~£150m, if i can buy up more bonds or equity for cheap the total cost drops more, i could potentially drop the total cost to £100m if i managed to buy a good chunk of both.

Then i have an oil company currently pumping 13-14kbpd, so i issue a new bond for £200m, or decide to float the company and repay myself every penny that it cost me and have plenty of cash for running the company.

Just having a quick look.

http://www.g3-ex.com/~/media/Files/G/Green-Dragon-Gas/reports-presentations/g3e-interim-results-october-2019.pdf

pages 5
So is it GDG - the top two boxes (orange lines around them) that the court case resolves around?
Would that leave the company with the bottom 6 boxes, marked blue - G3E if the above are wound down?

Page 7
Net Assets
GDG - U$342 million
G3E – U$621 million - would this be whats left if GDG is gone?

Or are the other G3E assets at risk?
looks like silly money compared to mcap invested into assets historically.

Bonds +14%, whos buying them? CA? (i can not see volume traded)
https://markets.businessinsider.com/bonds/hurricane_energy_plcdl-conv_bonds_201722-bond-2022-xs1641462277

Go on then own up, who was the one took the 2 x 10m trades?

If we get that relending RNS on Monday that would spice things up. :)

looks like they dragged it out long enough for their fees to build up plus existing shares to keep a majority stake in the demerged company

5.2b shares after restructure.
at the 0.02p placing price = ~£1m mcap.
Will leave the company with ~£215k cash to find an acquisition.

There is the rns..

Nayan *

Lol thanks, I was just thinking hang on Mayan doesn’t own that many shares !

The Company was also notified on 8 October 2020 by Naynesh Patel, of the sale of 1,423,438 Ordinary Shares at an average cost of £0.0903 per Ordinary Share. Mr Patel sold Ordinary Shares, representing 0.30% of the Ordinary Shares of the Company, for settlement of a personal Tax liability.

That trade The other day was Nayan ?

And now 9.01p lol what are they playing at

I see 10p.

Rns indicates they have held

I should have jumped ship to a plane last week in to Rr I would have had my equivalent to 25p today :)

Come on board, make it worth the wait

Looking Good today, Glad I retook one position At a higher price yesterday, even if it was smaller than I would have otherwise taken had the price been lower :)

my example was last day of WDC. when they renamed it the price tanked.

£3.9m mcap when it was WDC at 0.28p with 1.4b shares. July last year

What are your thoughts on potential And price here Now ehgos are almost gone Latino?