RE: My Take12 Jun 2025 20:52
Company has been informed that Professor Gardin and MCS have agreed to amend the repurchase price and the repurchase date of the REPO as follows:
The term of the REPO under which Professor Gardin is to repurchase 5,000,000 ordinary shares of 0.25p each in the Company (“Ordinary Shares”) has been extended to 30 June 2025.The repurchase price for the 5,000,000 Ordinary Shares has been amended from 3.483p to 3.568p per share (representing a 5% yearly interest rate on the initial purchase price of 3p). All other terms of the REPO remain unchanged.
In addition to the 5,000,000 Ordinary Shares which are the subject of the REPO, Professor Gardin is currently the beneficial owner of further 29,284,149 Ordinary Shares. The 29,284,149 remaining shares will represent the 2.00% of the Company’s total issued share capital on admission to trading of the Ordinary Shares on AIM issued pursuant to the placing as announced on 23 January 2025.
been watching this undervaluation in the SP with interest, and perhaps they are closer to a deal with one of the major than we think, and SP will be over 5p by the end of June ? otherwise why would they revise REPO upwards from the 3.4p it was ? I remember buying / trading these 2 years ago at 2.80p and if you look at the charts over the last 2 month you will see a bottom been formed at 0.625p and seem to go to 0.675 flatline, then back to 0.625p like it's waiting on an event.. but don't want to go lower or higher if it don't have to ?
IMO, from the outside looking in on the day to day argument and contention posted here, this could 5 bag + on a partner approval for MC, no ramp intended, it just seems like a logical conclusion, then the other method will follow if FRANK has now got the right chip in his possession
we don't know when, but it could be close looking at the above timeline and price as a guide...
regards