RE: Arato Global must be the ones who are shorting this imo18 Mar 2020 16:23
Arato Global must be the ones who are shorting this imoToday 13:21
Agreement with Arato Global Opportunities LLC
Arato Global Opportunities LLC ("Arato"), providers of the previously announced Convertible Loan Note, have agreed with the Company:
§ to an Orderly Market Agreement
§ to allow the Company not to repay any of the Convertible Loan Note from the Placing Proceeds
§ that Arato be given security over the USD 1 million cash in the form of the returnable Bank Guarantee from ONHYM following completion of the Moulouya well.
Admission, Settlement and Dealings in Placing Shares
In addition to the Placing Shares and in order to maximise cash resources the Company is issuing, subject to approval at a General Meeting to be convened by the Company, 4,875,000 new ordinary shares in settlement of fees together with warrants over 4,450,000 new ordinary shares at 4p per share expiring on 28 February 2023.
THE LOWER THEY GET IT - THE BETTER FOR THEM COS THEY GET MORE SHARES.
I bet this bottoms at 1.5p
I’m getting the ump again cos Paul is a mug and can’t be trusted
The worrying thing is that he is giving them nearly 9.5m shares to be agreed at EGM
Anyone contacted the bod or broker ?