Is it a good buy at 1.45p ?25 Aug 2017 14:10
Darwin have £450,000 worth if notes to convert outstanding. At 1.40p thus will give them another 32,142,857 shares taking their total holding to 56,198,329 if my maths is correct. Total shares in issue then will be 190,297,105 so I make their holding about 29.5% again assuming my maths is ok. The question then is what is their intention. If they intend to stop depressing the sp ( by diluting it ) and other news is good the sp could rocket. Going back to 35p would make it a 2000% rise - perhaps this is their intent, in which case it would be great to ride their coat tails, If not maybe they intend to try to take over the company, your guess is as good as anybody - then what they do next will determine whether this is a great buying opportunity or something else. Watching with interest.