I've tried to explain this before. Firstly look at the MIC code, its XOFF so off exchange, over the counter and probably between two parties. The transaction still needs reporting as does every transaction. Secondly the venue of the transaction is ECHO and not your normal AIMX. (this was way after my days I'm afraid) So likely over seas although not for certain.
Has Ben worked for a long time. It smells. Who was that guy who talked to the company and they said no placing? He’s a liar or the company lied to him Well done on the contract starting blocks though LTH. I hope it all changes for you and your rewarded accordingly There’s the blatant rampers here now but the genuine ones who have held through all the ****, I dip my hat to you all
This is why they got the nominal price through. Smells a bit, doesn't it
"The Board unanimously recommends that Shareholders vote in favour of the Resolutions to be proposed at the General Meeting, as those Directors who hold Existing Ordinary Shares have irrevocably undertaken to do or procure, as appropriate, in respect of their direct and beneficial shareholdings which total 7,659,412 Existing Ordinary Shares representing approximately 4.7 per cent. of the Existing Ordinary Shares. The Company has also received further irrevocable commitments from certain Shareholders to vote in favour of the Resolutions in respect of 7,162,186 Existing Ordinary Shares. In total, the Company therefore has received irrevocable commitments to vote in favour of the Resolutions in respect of 14,821,598 Existing Ordinary Shares, representing approximately 9.2 per cent. of the total voting rights of the Company."
Make good points ref EGM and/or BOD voting off. Problem is as gib says, trolls (as I'm called) don't tend to hold shares for very long. On the other hand of course placees are awash with shares and a huge discount. Remember the names that voted the last placing through as a "no brainer"? yep thats them See the problem.
4/10 £250,000 in placing at 33.5p 4/10 £500,000 in placing at 41p 8/10 £505,000 in placing at 20P 10/10 £1M in placing at 25P 7/11 £625,000 in placing at 12p 4/12 £500,000 in placing at 17p 7/12 £1.4m Loan Note 2/13 £1.48m in placing at 30p 4/13 up to £5m at prices yet unknown 6/13 £1.18m convertible loan note 7/13 £100,000 drawdown from EFF 9/13 £700,000 drawdown from EFF 9/13 issue of 4.6m shares against the Convertible 9/13 £200,000 under the EFF 11/13 £530,000 under the EFF 3/14 £450,000 EFF/new investor 8/14 £1.25m at 40p 12/14 £1m at 25p and 33p ( EFF) 4/15 £2.3m ( gross) from CULS and EFF 10/15 £1m gross from CLN. 2/16 £475,000 Loan Note to Darwin 6/16 £1.3m from institutions at 10p 11/16 £1.1m from Darwin 02/17 £0.6m from a new investor at 11.625p 04/17 £1m from Beaufort at 10p 09/17 £750,000 from Beaufort at 10p 1/18 £750,000 at 22p 7/18 £250,000 convertible at 10p 8/18 £500,000 raised at 10p 2/19 £500,000 raised at 10p 7/19 £1,000,000 raised at 10p 1/20 £1.75m Placing at 12.5p 1/20 £3m Financing facility 11/20 £5m at 4p
The EA MOU is still active don't forget! How are they allowed to get away with this, year in year out.