Member Info for Jimzi

Yep, ripped the security over the company off Hanover and put it straight into their pocket!!
Check mate for the fooking BOD - if they had offered 20p could have gone through but they are greedy and trying to profit by deceit or ineptness.
P45s incoming imo.

RNS in a nutshell.

Lender will wiave cov breach if the co pays back £5m of the facility - leaving £3m left.
This £5m will be added to the undrawn facility but all further lending at discretion of the lender and subject to recapitalisation.
That's why they are saying need to look for funding.
Don't shoot the messenger - shoot the RNS

Jeez - thats the wrong RNS.

You can really tell genuine posters and "others"

Holders can read the RNS.
Lender pulled 5m out and future lending at their discretion and subject to be being properly capitalised. Hence the last part re funding.
Stick your heads in the clouds but this is not good for the company short term

Seems to me they have used existing cash to reduce debt and they can access this big repayment via the second tranche post March 2020. (After placing)
Lender clearly feeling insecure at having a wait and see approach while de risking. With BG out as well, not sure how the immediate future is looking

You can see that was written with gritted teeth!!

Back of the net. The boys came through - left it a bit late !!

follow the bid - still 1.16p for 10m

I don't think we will get any covenent news for 10 days from Monday.

Lender can get hold of warrants at last 10 day vwap - me cynical?

10m

1.065 v 1.35

Looks like LINK are nearly or out [Woodys' administrator]

There you go Granny

“Thankfully now we have a port that operates 24/7 “

Why oh why are you still invested? You must spend many hours trying to find the remotest nugget that casts a doubt on the only share you post on. ( wink)

It’s getting obsessive with some.

4th June

Correct

Nah, main portfolio transfered to Link as new manager. Woody had 2.18% left , now gone. Very possible Link have sold as well into liquidity as they are off the hook duty of care wise - there’s no maximising profit incentive for them. Hence an event horizon moment- it’s whether your smart enough to understand the revenue covenant distraction or not, it’s a performance indicator not a debt indicator- and performance has been held back because productivity lead time probs.

Don’t like mentioning another share but TRX could give you a woody revenge if you have some spare pennies whilst waiting for Godo !

Oh Keee, you hold me to anything as long you buy me a king prawn karai with you divi - maybe throw in a couple of chapatis ? The futures bright, the futures ............

The revenue covenant was breached only because they couldn’t make enough to meet demand.

Production transition problems unable to satisfy - a very nice problem to have .

Time to do some real research tonight to see how events have come together to make this rare.

See the grumbling grandmas are out in force today. WTF don’t you do some buying/selling/ trading on other shares instead of staring at a static screen for 8 hours and moaning esp when we’ve actually got more cash. We have so much cash now a divi looks likely!! Cheerio miserys

A distressed seller sells at what is apparently [but not]a distressed time and still gets 65 for 33m.
Read the reason for the rev cov breach - it will be no problem at all.