Member Info for mathsprof

Brilliant. The 110k has been reported already, confirming to me RF have no more to sell, otherwise they would have continued to sell and report at the end of the day.

I think the debt was cleared at the point when SAR issued RF with the final batch of shares (from SAr's point of view). RF still had to sell them in the market. I think this has now happened. It remains to be seen what they will do with the warrants. However because this is effectively a free carry, they may well wait before they excercise them.

I reckon RF have now sold their last 110k. We'll hear later if I'm right. Meanwhile I expect SP to rise quickly.

In the first 4 days after the placing, there were around 16m shares traded. RF end of day sells were very small (under 100k), which tells me that most or all of the placing shares were shifted by Hybridan in the first few days. If I remember rightly there were a large amount of unmatched buys on those days.

I'm sure many were bought by LTHs - the new herd didn't arrive for a few days. Hybridan have made a good amount on this placing - on AIM they often lead to SP under the placing price with a long drawn out process to clear trhe overhang.

And there were a lot of unmatched buys early on when the SP was still over 27p

However, if you had been following the RF sells for the past few months, you would be certain that it fits exactly their usual pattern.

Bailiff - it's because they're coming out of RF pot. Big late sell coming again (ie on Monday late am)

No. It was worked over the day when the SP was higher.

No it's yesterday's RF sell. Perhaps only 1.45m to go plus warrants.

Smart - we had the RNS yesterday. We wont get anything else.

Anyone else noticed this late trade from yesterday? It's the last 6 digits of the RF final tranche!

There are only 1.069m warrants to RF, now exercisable at 10p. They could all be sold in a day, if RF wants to.

August- see RNS- death spiral begins with SP around 100p

March- placing at 10p

April-death spiral finishes and recovery begins.

Simples.

Sf13 - it means they have been issued with the last shares they need to sell (which may have already happpened) and then the debt is fully cleared.

Oh and the scum have 1.106m warrants to cash in any time before August 2027, should they wish to do so.

Yes RGO (RF) really are gone. No more companies will ever be subject to their predative finance, since they are being wound up by the new owner.

But the sad fact of AIM is that some new finance company is bound to spring up with similar schemes?

Looks like my calculations were slightly out, but it was and is always impossible to know exactly how many RF had sold. The remainder can be sold for any profit they can get over the 10p placing price that now kicks into the selling agreement from the August RNS. (Unless SP drops again below 11p - perish the thought!!)

I reckon it's more like 1.8m plus warrants. Some of current batch must have been forward sold.

Hope so anyway.

This means to raise £220k, sells of around 2.3m are needed at the current rate.

So some of the new 3m have already been sold and accounted for. My guess is they the next batch they get will be the exact amount they have already sold to clear the debt. Early next week, presumably.

It does help to read the original RNS.

The credit comes to SAR at the point of sale, the issue price is not important.

At present there is a WVAP rule (4 days in last 15), and SAR are credited at 10% discount to this irrespective of selling price.

RF are not out yet.. They still have £220k of shares to be sold. Today is this last day (by my calcs) that SAR only receive 9.5p for them. So I expect there will be another big late reported sell on Monday.

But it wont be long. Don't expect any massive rises for a few days!