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Ok, around the same as me. Just thought from the way you were typing it was a lot higher. But good to know it's around 0.21.
Like you said, now we just need to stick with them once anything does land and not jump at 0.40......
If a placing is required I would first bring out some news I.e the hydroponics and the way forward explains what the cash will be used for etc. The market should react positively and the placing could be done at a higher price.
Also is there not some rule that a placing can’t be done under a certain value? Not sure if that is based on company value or share value?
He is yes. Have a look at when they announced the hydroponics investment. They basically bought the facility of him and also made him a director. Have a look at his website: https://www.maybarnconsultancy.com/
There is a whole bit on tomato growth ect.
My email to them on the 5th Jan :
Furthermore is there anyone that could help with some questions i.e. the recent investment into the Hydroponics R&D facility?
I see the facility was purchased via a subsidiary (Life Hydroponic Assets ), that is 100% owned by TRAF. However a company with a similar name (Life Hydroponic Ltd.) was also set up by some of the TRAF directors, with no reference to TRAF.
Is it possible to get clarity as to the difference between the 2 companies and the purpose? I guess I want to understand that the asset company isn’t just there to hold the assets in and that all intellectual property is owned by the other company? I want to check who the research results will belong to?
Hi Porter.
Yes I know the new company sits within TRAF as a new subsidiary, but they have set up a second similar company that is not part of Traf.
So one is: LIFE HYDROPONIC ASSETS LIMITED (14437592) - which I assume the asset (R&D facility) is sitting in
And the other is: LIFE HYDROPONICS LTD (14174436) - which has nothing to do with Traf but has the same directors. I also now see the name of this company was changed to PURE PLANT COSMETICS LIMITED on the 10th FEB. Which I find a bot odd as I asked for clarity around the 2 companies from TRAF a while back and never got anything back.
My worry is that the asset company that TRAF owns only owns the assets as in the R&D facility but not the rights to any of the R&D....which I was worried might then sit within the second company (now called PURE PLANT COSMETICS LIMITED) which is not owned by TRAF.
Hope that all makes sense.....
Now only a £350k market cap. Must be lowest on the market.....
Can it be dropped any lower?
No immediate sell off. Maybe people hasn't got hold of the news yet...
Golden tickets?
Because they lost 2 big investors that were going to vote yes overnight which from memory was around 8% of the voting rights. And they only had +- 50% of the votes. Happy to stand corrected.
So tomorrow is D-Day....or voting day in this case.
We should know by the afternoon if this is staying or going.....good luck to all involved.
Well it depends what their plan is after the failed attempt to delist this....
One, they might say they will keep it on the market, then I think the price will initially rise quite a bit. After that it depends on their longer terms plans....and will it last etc....
Second, they immediately say they want to go for a second vote....then I think the price will also rise but not as much as the uncertainty will still be there. I guess it also depends on the % vote they miss it by. If it's by far then the chances of them getting it a second time around is slim unless they have someone with deep pockets that can buy up stcok, which will also mean a short term gain in share price. .....
In my humble opinion....