YA20 Sep 2018 08:09
In response to market inquiries with respect to the Company's announcement of 17 September 2018 (the "Announcement"), the Company would like to clarify that it has come to the Company's attention that on 28, 29, 30 August 2018 and 3 September 2018, YA II PN, Ltd. arbitrarily sold 82,077,412 ordinary shares in the Company that have not been authorised, issued and admitted to trading by the Company.
The Company is continuing to investigate YA II PN Ltd.'s actions in that regard, particularly the above sales and YA II PN, Ltd.'s any other possible unauthorised dealings in shares, and is unable to comment further at this time pending further investigation with its advisers and the receipt of legal advice.
So it will come out in the wash that also forward sold
On 3 September 2018, YA II PN, Ltd. purported to issue a further conversion notice (together with the 28 August 2018 notice, the "Conversion Notices") in respect of a further 241 Preferred Shares, to be converted into 93,784,120 Ordinary Shares, in lieu of respective cash payment for the month of September.
The 93.7 mil on dates 3rd and 4th sept as on the 4th it went as high as 0.47p
So the ex rate on 28th aug was 1.29 so amount owed is £186,821 ÷ by 82 mil shares is 0.228p average
So ex rate on 3rd sept 1.292 so amount owed is £186,532 ÷ by 93.7 mil shares is 0.199p average
So had 175,861,532 shares at an average 0.213p
GREEDY BA^STARDS