Member Info for keeptofacts

How's the cough?

serious question: why do you post here, what's your reason for spending your valuable (I assume) time on this?

Note: I am not saying you shouldn't, just can't see why you would.

for clarity, my reason for posting is I hold these shares and believe in the prospects.

You might want to get cough looked at, all the bile you spout might be causing acid reflux.

Slight correction. all the recovery IN THE SP has been undone. All the recovery in the companies prospects mLNG, Pase two, funding, tax cases dealt with, drilling partner etc etc. are VERY MUCH STILL IN PLACE.

No one can say investing in Sound is boring 😊

As if by magic 😊 up they pop.

enjoy the moment, our time will come 😊

And where do you get 5% repayment due in a couple of months?

keep trying.

Think you'll find we will be generating revenue from LNG sales before the first payment is due.

I say 'we'but obviously that only applies to shareholders.

Very good 😊

This is the most telling thing you've posted and says far more about you than Graham or Sound.

"They won’t respond hahaha"

IF they don't respond you would find it funny? that's a very strange thing to say and tells us all we need to know about your character!

your only motivation for postimg here is to see Sound fail and you take pleasure out of every possible negative.

what a sad little person. I hope you're young as then there is hope you might grow up into a decent human being, but I suspect you're old as evidenced by your bitterness.

The really funny thing is I know my 'mistake' in missreading the term sheet will bother me for considerable less time than your mistake of buying into sound with more money than you could afford to lose under JP's tenure will bother you :)

how's the placing teachers in China business going?

makes me laugh every time I think of it :)

Kylie "here is no term sheet" of course there is EVERY CB has a term sheet. what do you think buyers look at before investing? I can post it to you if you want :)

however, I do stand corrected, the terms do have the following

Upon conversion, interest shall be rolled up and paid as if the Convertible Notes were held to the redemption date (being five years from draw down), with such interest convertible at the lower of the applicable fixed conversion price and the average of the five daily VWAP calculations selected by the Investor out of the 15 trading days prior to the conversion date.

whoever advised sound to do this needs a good slap.

this is extremely unusual and explains the conversion.

Actually convertible bonds are what I do for a day job.

generally on conversion you will NOT receive any further coupon payments. obviously you keep any you have received.

it is extremely rare to convert well below the conversion price and before any coupon payments. given the better protection the CB offers there is no point, unless 1: you really need the money or 2: you want to vote at an egm etc.

the bond they own is convertible into a FIXED amount of shares at a fixed conversion price. I will check the term sheet but I don't remember seeing any weird terms like that.

Death spiral? no. Normal between news sell off.

the curent sp has no impact on the number of shares the investor in the cb gets.

the ONLY impact of the low sp on the cb investor is the fact that they couldn't sell converted stock at a profit, IF they wanted to.

Sods law, back to work and the weather is glorious in my part of the world!

I see the bashers, moaners and out right nutters are still about.

why go though life so negatively? maskes no sense to me.

if you don't like sound as an investment move on.

if it goes t!ts up, so what, it's only an investment.

personally I am looking forward to thw day we get the final go ahead on the financing and Phase 2 FID.

Whilst I’m at it kylie, your continued banging on about Sound being fcuked because the SP is low also makes absolutely no sense.

By inference you are saying that if the SP were higher Sound would be a successful company.

So, also by inference you are saying Sound under Parsons et al. with no cash and no plan was a better company. Utter tripe!

and despite your bleeting your's is not an objective view!

Kylie, you have not countered a single one of my points!

All you do is post unfounded negative opinion and point to a lower share price as justification.

Presumably you are new to AIM and have never seen a stock drop between news?

Please provide a counter argument to the points below.

1: there is no evidence that the converter is selling.

2: for the converter to sell now would not make sense as it would lock in an immediate loss that they don’t need to take.

3: if the converter kept all the CB instead of converting they would be better protected should the company go under – so fear of that is not a logical reason to convert

4: all deals are still on going or we would have been told via RNS.

And because I'm sure some will try to twist this, in black and white :

IF Sound were in trouble it would be safer to keep holding the convertible bonds than convert them to stock.

Only problem with your view here kylie is that you seem to have missed the point that convertible notes take priority over other debt that the company may have issued, as well as over equity holders. This means that, if the company fails, the owners of convertible notes are more likely to recoup their losses.

hope this helps :)

The convert buyer will not have changed their view on Sound in such a short period of time and in the absence of any negative news. These are institutional buyers not prone to the panic attacks of private aim gamblers.

The only difference between holding the CB (convertible to stock) and holding the converted stock is that the CB holder can't vote with their potential holding (as if converted) whereas once converted the holder has the same voting rights as any other holder per share.

Some (kylie et al.) imply that the converter is selling, there is no evidence of this. Sure, there has been selling, but this is AIM and in the absence of news people always sell. Sound is between news, ergo there are sells!

Any price sensitive news (good or bad) MUST be reported via RNS. We have had no news RNS therefore there is no bad news and things are proceeding as we have been told in previous RNS.

To imply the CB buyer is selling because they think Sound is doomed or because they need the money implies that the CB buyer did no due diligence before buying and are hopeless at their own cash management. Both of which seem rather unlikely to me.

Which leads me to think that there may be a big vote coming that they want to make sure passes. I made this point directly to Sound a few weeks back and unusually received no reply. Make of that what you will, but the negative posters saying this means Sound is doomed etc. is just wishful thinking on the part of some very strange individuals.

You're making a very big deal about 3,015,790 options!

and you seem to have not realised the issue of options was anounced in May 2022