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Could someone else check the arithmetic

I think the convertible creates 700+ million of new shares

Not 7 million

Now that’s what I call a stock overhang !!

Looking at the trade time, it looks like a sell..................worked from the opening and filled by the enthusiastic buying on the RNS

Because he paid £200,000 for his 29.3%

I appreciate the quality and the work that has gone into this post

It endorses my personal view that this is a strong hold

Investors Chronicle also adds backing with todays comment

Good evening Redeye

If possible, could you keep us updated on your HL journey to reclaim the holding tax ?

Thanks

The options are at 0.035p, the decimal point makes a big difference

in days gone by, the words 'mild dilution' were frequently posted.

The number of options issued more or less match the issued shares.

So, if exercised, will equate to 50% of the enlarged share base

A bit off putting for potential new investors

Click on the box titled RNS

click on the last RNS

and all info is there

I hope enough people tender to use up the full $100m, I'd prefer that, rather than a part of the amount being paid out as a dividend

I hope you are right, the price would be lower if the market expected KKR to walk.

Anyway, the good thing is that all this has given me the needed push to bin dross for the losses to offset against SMS anticipated gains

Still could be a surprise in store, bid lapses or another (unlikely) bidder creates a party

Looks like Primestone , the former directors and the arbs are holding firm. There must be a worthwhile story that has resulted in expectations of an increased offer and led to acceptances being withdrawn

Although the dissenters can take the long view, I would have thought that the hedge funds are looking at shorter timescales to make and take their profits

hopefully KKR don't walk !!

Ah

A post from someone who fully read the RNS and can do arithmetic

Be careful, you will be pilloried for stating the facts

Issue of Options

The Company has granted the following options over Ordinary Shares ("Granted Options") under the terms of its executive share option scheme:

Name

Position

Options exercisable at 0.03p per share

Options exercisable at 0.06p per share

Christian Eidem

Executive Director

2,000,000,000

-

Peter Bardenfleth- Hansen

CEO

1,500,000,000

-

Jochen Rudat

Executive Director

1,500,000,000

-

Martin Boughtwood

CTO

1,000,000,000

1,000,000,000*

* Martin Boughtwood's second tranche of options will be repriced to 0.03 pence per share subject to the Company entering into contracts within two years worth not less than £2 million for the sale/licencing of its technologies.

The Granted Options vest on a daily basis during the first year, are exercisable immediately upon vesting and have no performance conditions attached other than continued employment by the Company (or other Group company).

Further details are contained in the disclosure tables below.

A new term for 15 billion shares to be issued as a result of options and warrants being exercised...............mild dilution

I hope doing your own research included reading in full and understanding the RNS of 11th December

The option exercise price is 0.03p.

Take into account all the other shares to be issued, then you will have a better understanding of what you have

Good luck with the arithmetic

Jatw

You'll be fine. I sold a few on 22/08/22 at 956p so the bid of 955p is underwhelming. A result of higher borrowing costs impacting the borrow cheap, install meters, enjoy the income stream model that pushed the price to 1000p around that time.

My view is that the dissenters should be able to gain support to over 25%. if that happens the offer could be sweetened and another of the various possibilities is that KKR walk.

if that happens another suitor will arrive on the doorstep sooner rather than later

Best of luck

You are not in an empty room Jatw, I read and agree with your points, though KKR may not get their required 75%. That could lead to them bidding at the same level and only requiring 50% . I suspect there will be a modest sweetener to smooth things over