GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
companies where the major shareholders are willing to hand over that kinda cash. obviously some great prospects. About time too, this has been sat unnoticed for too long!
MEN. Check it out guys. These two have great prospects
this is going to rocket on that news
Unchanged today Down she goes
Why exactly would this company with some shares in African eagle jump? Has African eagle jumped on news? No Um mm. If you just bought in, you been spiked!!
Sorry fortune, we already got torture lol
I like it. We can make a torture off this. Do I hear £100 for intabet?
I'm buying it for £2 then! I'll sell it to someone for at least a £10
OK fair enough, I love the optimism, but you still haven't answered this question....how do they determine the price for fundraising? Whats the logic of 1p and not 50p or any other number. If they are talking about 100million shares versus our consolidated 1million, what difference does it make anyway. your 1p suggests the listing is worth £10,000 only. As 100th of current market cap is £10,000. I'm not following how that makes sense.
It is unbelievable that there is not a mention of it in the document. Even just a view on whether it retains any value and how much. This was discussed in the first RNS then it totally disappears. If he walks to TWL with it for nothing, that's worth raising to regulators. Misappropriation of company assets potentially.
If they value the listing at 300k and a similar sum recovereable for intabet, then 40-50% discount would be reasonable?
There is intabet to sell. It doesn't need to be operating to be worth IP, hence why MDC bought it
JLF..what would the bod gain by diluting by 99%? What's the point given how low the mcap is anyway and that they have the ability to issue 100million and existing shareholders will only represent 1% of the future action if they release all the new shares anyway? I dontn understand why they would do that as a bod who represent us?
Basically, nothing changes as a result of the consolidation. They are simply playing with numbers vs. Value per share. However, the bit we need to have more visibility on they will not give us. That is, what price will they raise funds at? So if they sell a load of shares immediately for face value i.e., 100p, then no impact on share price at all. There is no dilution as cash is exchanged directly for shares at market price. However, they aint gonna do that, as they warn the fund raising may be materially dilutive. That is to be expected as investors won't give you a load of cash for nothing. Im not absolutely sure how they pick a price. One could argue that any price materially below the market price directly after consolidation could not be in the interests of the existing shareholders. It would seem reasonable for them to expect a discount i.e. 20% which is not uncommon in placings, but 50%,80% or 90% discount? I'm not sure how the directors could justify that was in our interests. So in short, the directors will ultimately tell us whether we are screwed after we all vote yes. But until the subsequent placing, we remain the only shareholders and the only people whose interests must be first in the thoughts of the board of directors. I would have no issue being kicked for 20/30% in exchange for a load of cash for investment, but at what point is it not worth raising the funds if it jus at totally wipes us out. In my eyes, a 20% discount on current price would seem fair for say £5,000,000 pocket money for investment.
Just after 4pm on Friday. Maybe a nice surprise on our return from BH
PJ can take intabet on a deferred basis or with cash and shares, then Leopard can do what they like as far as I'm concerned. Its all about intabet value. Imagine this scenario. PJ via TWL offer £0.5mill (+coupon) deferred for 2 years (allowing for development and commercialisation of intabet) + £0.25million in TWL shares that cannot be disposed for 2years. The listing is worth £300k and the investors works that into the deal by paying a small premium for a block of MDC shares. Thats all it takes to get us just below the market cap, with better prospects for Leopard Oil. It really doesn't matter how they divide the pie after that.
We have to just wait and see. As mentioned earlier, if intabet is sold at a reasonable price, then we will surface from this relatively unscathed. The only issue is that raised by Joe regarding timing of the results versus the meeting. However, its very simple for the BOD to request a suspension until the meeting is concluded. This can be issued as soon as the other suspension is lifted, essentially preventing any trades I.e. 7am release results, 7:30am lift suspension, 7:31am enter suspension at the request of the BOD. So I'm not sure its fair to say it will tank. It just depends whether PJ can be bothered to protect us from ruthless mm games. Knowing that box nation still requires the delivery of their chosen platform, I'm almost tempted to put in a cheaky offer for intabet. £1
I'm not expect ring to profit big time from this announcement, but PJ has to make proposals that are in the interests of shareholders. This is optional by the way. MDC are still able to issue equity simply to see a sale process of intabet through, if they wished, so I'm waiting to see what this circular says and who these strategic investment guys are!!
The key here is in the value of intabet. Box nation like it. MDC bought it for 1.5million.
'Following the adoption of an investing policy it is likely that the Company will dispose of its interest in Intabet and its associated intellectual property.'