Member Info for Jarv55

https://www.prolificnorth.co.uk/news/digital-agency-news/2019/06/widecells-lands-first-iconic-labs-deal-financial-services-firm

Chart looks much better

74tom
6 Jun '19 - 13:35 - 14964 of 15046
0 4 1
Quiet today, my average is 0.404 but the big picture is that we’ve been artificially held below this level by the seller.

Once that pressure is off, the price will undoubtedly shoot up - Tern was a similar case last year involving multiple conversions preventing good news from increasing the share price. Once the seller cleared that re-rated from 3p to 58p in about 6 weeks.

Just need to wait patiently...

cbh123
6 Jun '19 - 14:09 - 14975 of 15046
0 6 0
DISH - 28 mill market cap.. revenue?
BIDS - 82 mill market cap.. revenue?
WDC - 4 mill market cap.. revenue? 1 million contract so far, many more to follow. Not even fully launched yet!

Makes me lol how people fall over them selves buying at 0.40 yet don't buy when the price is 0.32

Thom this is a tech company not oil and John and Liam will be taking the lead.

luckybig no there isn't any change to the website waiting for the shareholders list to be added though.

Oilnovice yes they will hold some but not the amounts you are talking about to hold back the stock. They have to deal at normal market size, whether they hold shares or not.

I think a lot are waiting on the side lines for the rns that says the fund are fully out you have your opinion and that is fine, but I think that when they are out is when the brakes come off and we will get a rise in price.

oilnovice in regards to the mms. They may hold, they may be short, and depending on the rest of the PF they may not move their position or may move their position to balance the day out so as to avoid posting a loss! The idea a MM must hold shares in any company is completely false, they are a middle man, they are under no obligation to trade in any company. They could be short here at the moment, there is always another way to look at things.

Shearclass yes I do and I think the whole lot will be converted

LB I think DS should give us clarity on the next rns to exactly how much they have left, hes has been asked to do this and also give us an update on the share register. We need transparency especially for the vote at the Egm.

Shear class disagree its all in the 2.7 read the rns its all a subscription

WideCells Group PLC, the healthcare services company focused on providing stem cell services and insurance for stem cell treatment, announces it has obtained a flexible and staged £2.7 million financing agreement (the 'Agreement') with European High Growth Opportunities Securitization Fund (the 'Investor') represented by its management company, European High Growth Opportunities Manco SA.

Terms of the Agreement

WideCells Group has entered into an agreement with the Investor in relation to the issue by the Group (the 'Bond Issue') to the Investor (or its affiliates) of convertible bonds (the 'Bonds') with warrants attached for a principal amount of up to £2,700,000 (the 'Total Commitment'). Under the terms of the agreement, the Bonds will convert into ordinary shares of £0.0025 each in the Company ('Ordinary Shares'), and the warrants entitle ABO to subscribe for Ordinary Shares at a pre-determined price (the 'Warrants').

It is expected that the Bonds will be issued and subscribed for in sequential tranches as detailed below:

i. £635,000 to be subscribed for and paid to the Company immediately;

ii. £1,000,000 to be subscribed for and paid to the Company immediately on the later of either (a) 15 November 2018, or (b) once a prospectus has been validated and approved by the Financial Conduct Authority (further detail on which is included below);

iii. £265,000 to be subscribed for and paid to the Company immediately three calendar months after the second tranche if the Company elects to draw down that third tranche; and

iv. four subsequent tranches each of aggregate nominal value of £200,000 if the Company elects to draw down those tranches.

To the extent that the Theoretical Conversion Price is below the Minimum Conversion Price the shortfall in the amount converted will be settled at the time of the next tranche.

1 May 2019

WideCells Group PLC ("WideCells" or the "Company")

Financing Agreement

WideCells announces that further to the Financing Agreement, announced on 27 September 2018, with European High Growth Opportunities Securitization Fund ("HGOSF"), it has today signed a deed of variation in which the two parties have agreed to set a minimum conversion price for the Bonds.

The conversion price (per Share) for the Bonds is now the greater of:

I. £0.004 (the "Minimum Conversion Price"), or

II. 90% of the lowest closing volume-weighted average price of Ordinary Shares in the 15 trading days prior to conversion (the "Theoretical Conversion Price").

To the extent that the Theoretical Conversion Price is below the Minimum Conversion Price the shortfall in the amount converted will be settled at the time of the next tranche.

Executive Chairman, David Sefton, said: "HGOSF has been highly supportive of the new strategy, and by providing capital, has been instrumental in our ability to restructure and pay off the outstanding legacy debts in WideCells, to the benefit of all stakeholders. We are very grateful for this support. HGOSF has also been open to discussions on restructuring the facility and this first part provides that, in essence, HGOSF cannot convert at a price below 0.4p, therefore providing a floor on the price. Furthermore, with its support we will look to increase this floor in the future, once the new business becomes more established.

"With the first part of the restructuring complete, we are also discussing additional amendments to the financing structure and relationship that will reflect both HGOSF's long-term strategic support for the Company, and seek to further align the interests of all stakeholders.

this is what we arrived at in the twitter dm group thanks to Cisco for saving us a lot of time.

27-Sep 635
22-Oct 10
23-Oct 10
31-Oct 5
06-Nov 25
06-Mar 60 90 penalty
08-Mar 80 120 penalty
14-Mar 115 172.5 penalty
19-Mar 150 225 penalty
21-Mar 210 315 penalty
29-Mar 320 80 penalty
21-May 400
29-May 265
29-May 170
Total 2455 1002.5

Oilnovice why do think the mms hold shares?

Please read carefully page 45 of the prospectus

Oil novice lets say you gave the company a million pounds in exchange for shares. They say you can have a million pounds at 0.25p you then sell them to us. Then you get given another 1.7 million pounds worth at 0.25p and you then sell all of these. This supresses the rise because shares are flooding the market. What happens to the price when you no longer have any shares to sell?

On 14 July 2015, the Company issued £2 million of secured convertible loan notes ("CLN") to Altair and entered into a secured five year term loan agreement with Ecofinance GLI Limited ("Ecofinance") for £1 million (the "Ecofinance Loan"). On 19 January 2018, the Company announced that it had made an early repayment of £378,882 along with £2,958 of accrued interest on the Ecofinance Loan, leaving a remaining balance of £621,118 which is repayable in 2020. As a result of the early repayment to third party shareholders in Ecofinance, Altair has the sole benefit of the Ecofinance Loan.

Modification of Loan Facility

Altair and the Company have now agreed that the Ecofinance Loan and the CLN are to be streamlined into one new loan facility agreement (the "Combined Secured Loan Facility" or "CSLF") with the Company.

The terms of the existing agreements will be incorporated into the CSLF with the following amendments:

· Increase of £0.879 million from £2.621 million to £3.5 million in the loan facility to be available for drawn down at the Company's request for a period of 12 months;

· The interest rate on the CSLF facility has been reduced from 15% to 10% per annum; and

· The maturity date of the CSLF has been extended from 14 July 2020 to 20 December 2020.

The CLSF is to be secured by way of the existing debentures and guarantees granted to Ecofinance in 2015.

Cuart Loan Facility

On 5 July 2018, the Company entered into a loan facility (the "Loan Facility") with Cuart Investments Fund and associates (the "Lenders"). On 3 October 2018, the Company and the Lenders increased the Loan Facility to up to US$10 million (approximately £7.6 million). On 11 January 2019, the Company announced that, in order to pursue its near-term opportunities and targets, it had reached agreement with the Lenders to further amend the terms of the Loan Facility so that repayment amounts due pursuant to the Loan Facility after 5 January 2019 will now commence on 5 April 2019.

The Company has to date agreed two advance drawdown schedules with the Lenders. Further advances will be made by agreement between the Lenders and the Company in accordance with the terms of the Loan Facility.

The amount of capital and interest currently outstanding under the Cuart Loan Facility is US$3,267,311. The amount of capital and interest currently outstanding under the CSLF is £2,621,118.

Yawn how many warrants do they get this time?

3 June 2019

EQTEC plc

("EQTEC" or the "Company")

Loan Facility drawdown

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, today announces a £0.2 million drawdown under the £3.5 million loan facility with Altair Group Investment Limited ("the Loan Facility"). Further details on the Loan Facility were announced on 22 January 2019. A balance of £0.679 million remains available to be drawn down under the Loan Facility.

This drawdown will allow the Company to focus its resources on achieving contract execution and these funds will be used for working capital purposes in line with this objective.