Member Info for Jarv55

"The industry is seeing consumers adapt to the new environment by spending more time at home using streaming entertainment, while there is also a rise in music consumed in other formats such as gaming and home fitness. 7digital is well-positioned to benefit and grow from incumbents and new entertainment formats that would leverage music to drive loyalty in their customer base. This strengthens the Board's confidence that the Company is well-positioned to accelerate growth when normal trading resumes. The Company will continue to monitor the situation closely and update the market as appropriate."

Sorry 8 days

Dodd has 10 days to present the factsand lobby it then goes to a vote.

I don't think the card games are included.

Spot the shorters lol

That says expected suspense has the case been heard then?

uk So we have passed to suspense?

It looks like its the placing side with the broker that is the hold up

Trade Date Action Notifier Price Currency Amount Holding
20-May-20 Buy Alan Carroll 0.15 GBX 1,840,400 0
20-May-20 Buy Mark Westcombe Elliott 0.15 GBX 3,982,453 0
20-May-20 Buy Sam Malafeh 0.15 GBX 43,333,332 52,333,333
29-Mar-17 Buy Haider Sithawalla 5.00 GBX 600,000 1,519,000
17-Mar-17 Placing Sam Malafeh 5.00 GBX 3,000,000 9,000,000
31-Jan-17 Buy Ramasamy Jayapal 5.00 GBX 820,000 1,453,131
31-Jan-17 Buy Gopinath Pillai 5.00 GBX 400,000 425,000
31-Jan-17 Buy Haider Sithawalla 5.00 GBX 900,000 919,000
31-Jan-17 Buy Haider Sithawalla 5.00 GBX 900,000 919,000

No idea I am afraid but directors took their wages in shares too

I think we are just waiting on the placing with the broker to be settled this was for shares for 273,333,334
the biggest share holder was taking 233,333,333 the directors were taking 20,000,000

09-Jun-20 11:56:00 0.1509 33,333,333 Unknown* 0.00 0.00 50.30k O

Debt Restructuring

In August 2019 the Company entered into a loan agreement with funds managed by Boost & Co. details of which were set out in an announcement dated 27 August 2019. A first tranche of £2.6 million was drawn immediately and remains outstanding.

Pursuant to recent discussions and to facilitate an equity fundraise, Boost & Co. has agreed, subject to contract, to a restructuring of the repayments of its loan.

The key features of the agreement are that Boost & Co has agreed, subject to contract that in the period between and March 2020 and March 2022 (the "Standstill Period") to grant a capital and interest repayment holiday subject to improved revenue performance triggers.

The loan will continue to amortise on its original terms from 1 August 2020 to 31 July 2024, however, all capital payments not paid in the Standstill Period, up to an amount equal to £450,000, shall be paid as a bullet payment on 31 July 2024 or can be paid earlier by the Company with no penalty.

Pursuant to the Debt Restructuring, the Company has agreed to issue warrants to Boost & Co over 33,333,333 New Ordinary Shares at the Issue Price. In addition, the exercise price on the warrants granted at the time of the original loan agreement will be adjusted to the Issue Price.

The agreed terms will be reflected in a legally binding deed of variation to the existing term loan facility, conditional only on Admission, to be entered into by the Company and the relevant fund managed by Boost & Co as soon as practicable and in any event prior to completion of the Fundraising.

A warrant is an instrument which gives the holder the right to purchase a particular security (usually ordinary shares) from the issuer at a specific price within a certain period of time. ... Warrants will have an exercise price. This is the price which you must pay in order to convert a warrant into an ordinary share.

It means Boost converted their warrants into shares that means they either sold for a profit and put cash in the coffers or are holding shares until they are higher

https://www.actionnetwork.com/news/legal-sports-betting-united-states-projections

Think the big trade today is Boost converting their warrants at 15

The new language authorizes sports betting in California only at the state’s tribal casinos and racetracks. California’s cardrooms would not get sports betting, but the bill would ensure they can continue offering designated player games that have faced tribal challenges.

https://www.legalsportsreport.com/41316/new-california-sports-betting-bill/

where did you read that?