So...6 Feb 2018 11:06
Hey, I appreciate the new posters on here have joined last week simply because of TO talk. I have no issue with that whatsoever (for the majority of you...) and congratulate you on your timing - if this actually goes ahead as outlined.
But if you end up stuck in here also or get wiped out, please don't try and suggest you weren't made aware of some facts and look for anyone else to blame.
If the company was so concerned about dilution, or shareholders, then they could do worse than explain why the BoD's "incentivised" share options were canceled in December (just over 1 million shares, priced at 62.5p, 75p and 105p to trigger) - then replaced with options of 5 million shares triggered at just 3.25p.
"Following the cancellation of the Existing Options and grant of the New Options, the total number of Ordinary Shares under option is 5,250,000 representing 8.47% of the Company�s share capital of 62,007,748 ordinary shares." Dec 20th RNS.
Make your own mind up as to the timing, when a TO was obviously under discussion.