Member Info for Medjed

I mean, how many more shares possible if all remaining bonds are converted please?

Thanks Doug.

How many bonds left?

Yankee that's the poster I'm referring to. I think he said sp has to be >0.03p to make bond conversion profitable?

correct me if I'm wrong that post is so far back now can't be bothered to search for it.

And the other question is, who is going to buy those dirt cheap shares off them (so they can realise those profits) when they are making the company look like its going bust imminently?

Didn't someone do a bond conversion calculation/explanation recently. If I remember correctly the SP has to stay above 0.03p for them to make any money on bond conversions. So perhaps that's a floor?

Whats the number of shares now? 1.3b?

Even if they re-negotiate and get another 2.6b on 15 Jan, thats ‘only’ 4b shares.

Where are you getting 10b from?

(sure another 2.6b of warrants but how quickly can they be exercised)

Youarenotinvisibleanymore

They will have to cover eventually

I put £1000 in to bring my average down to 0.7p if that makes you feel any better.

I would sell even at 0.35 if it manages to bounce to that (high lol) level. I would accept a 50% loss.

Not investment advice.

Those Anavio thieving scumbags better not re-negotiate, grrrr!

Mannnan

Posts: 59,347

Price: 0.0875

No Opinion

RE: What are we worthToday 11:53

007

only a stone throw

Bond....James Bond

sorry :)

Why would they want even more shares in a company about to go into administration? (if we are to believe that scenario)

They would lose their £2.5m along with the rest of us.

Anyone care to pitch their idea how Anavio could benefit?

If they take Copl private won’t they have to make an offer to buy out the remaining PI shares?

That would be great if true. Do you know where do the rumours come from?

I appreciate people who posted the bond calculations months ago. It did sound very bad to me, but I believed the lies about the JV coming and increased production to 2000 barrels per day so I stayed.

Now I have learned never again to invest in a company which has issued so many bonds!

I blocked Coplturder from day 1, he was that transparent.

Actually, don’t block him please. Keep him occupied on this account. He’s too thick to go dormant on this one and open a new one.

Enlighten us, what do you think that means?

(apart from dumping bonds at any price in case the ship sinks)

Good post Waffen.

I suspect you are right, behind all this, be it Goldman sucks or whoever, is probably US govt securing its oil resources to make them domestic.

“ seems to be a French link and they bought the 19% stake to take it private after suspension of course.”

How do Atlas take it private after suspension please?

Wouldn’t they still have to make an offer for the rest of the shares to buy it out?

That offer would have to follow certain rules.

“ If the dilution goes through, everything you buy will be more than halved in value.”

How do you figure that? SP is already below dilution price which is 0.15p

After that thry get to convert another 1.3 billion warrants but that’s only around 33% and can they donthat straight away or do they have to wait 12 minths?