Member Info for MadChatter

The point you are missing is that once they asnnounce the rto conversion price this will leap up several hundred percent over a few days. Then the shareholders get to vote and obviously they all will agree. Then yes. You are right that at this point the good news is factored in and those left holding post conversion into new shares it will be whatever potential you see in the new company.

A miniscule amount of say a £50-£100m company is still a hell of a lot higher than the current mcap. That's why this will move north.

I see, thanks Hopefully all these wheels are in motion and they table a vote for a decent rto within a month

So as far as we know, without any further information, if the votes are passed on 4th April then on 4th October this will delist, pending them raising £6m to come back.

I think basically for most of us there are only 2 questions that matter. Is it going to go down or stay worthless, is an rto going to take a long time. I'd say the general consensus here is no to both.

I. E. You said relisting as an investment company. Which this won't be, either relust or an investment company. So I don't see the £6m as relevant at all

I don't see bould surviving long as an investment company GT? I thought the whole point was to rto completely?

Could they suspend prior to cash shell status?

That is substantially better for current holders that correction.

Forgive me asking the obvious here. Why would Psl need to raise more cash via warrants at all!? If there is a £50m plus company floating in the background who really cares how much cash Psl have come rto? To me it appears an attempt to drive down the pi held % of Psl prior to rto. Or do Psl need this cash to balance the books against the sale of their current assets?

What's a few more billion then, the more the merrier! I do appreciate your postings and investment here RKB. One of the very respected posters on here Imo.

Are you guys thinking he's in there, maintaining a foothold to ensure that Psl don't take another deal?

If I understand it, his holding % of shares decreased purely due to dilution, *not selling*. However, for him to maintain 14% now it means he's bought 14% of the new placing shares.

I don't see they will have any justification to raise after the meeting. So (famous last words) I imagine this will be the last placing.

Even if it were 10% of that it would be a huge leap here. Personally I'm just going to be glad when they change the name so there's not all this cricket rubbish on twitter!

If this rto'd into $475m, that would certainly be the biggest relkayive to cash shell size aim has seen in a long time.

Sorry what is your point you're making here graphite? I don't think this needs to be a guessing game.

Anyone know the rules on raising as a cash shell? Would it have to come with a prospectus? As I can't see anyone buying into a placing after cash shell status

That's very true actually. I've not actually been in an rto situation before (not one that's worked anyway). So X company will issue us 1 share for every xxx Psl shares. The net result of which would be a massive increase in value. Correct?

I wouldn't say no to 1p! But £53m mcap seems quite ambitious to say the least. How many shares in issue last time this was 1p?