Member Info for Newuncle

GM should be a lively affair then, reckon the ex ceo will have some heavy duty security staff there?

Then again those buying at 2p would be doing even better even though they had pay for them up front

Rather generous dont you think?

No wonder the main offer got taken up so well.

Ok I understand where this is at now.

Effectively saying its a free bet with no upfront costs for the warrants themselves and no actual commitment to buy and which can be cashed in for a profit at any price above 3p. Sounds very much like the Incentive Options that directors are given in most PLCs these days.

Sorry but it clearly states:

The Placing Warrants, which are constituted by the Placing Warrant Instrument, will be exercisable at an exercise price of 3 pence per Ordinary Share .

So exactly what part of that constitutes "Free"?

What "free" warrants are those, please provide details.

TIA

Plenty of new passengers joining today.

The bod have dropped many hints re stc plans to suggest that they will.

Too be honest I totally mangled that post but think you get the jist of what I am thinking?

Hi Chesh,

Been a while, I really genuinely had no idea where the broker note was as the last version on DVRG website is out of date.

Looks like the Mezz facility just didn't quite work out as the £4m borrowed on buying that GlanCo buisness (did DVRG seriously overpay there cos it seems like it). MWG side needed the financial support now that they build kit and lease it rather than get an order, make it and sell it.

So $64,000 question for me is which bit of DVRG gets sold off, spun out or JV'd with a bigger player, my money is on STC which is the obvious choice. Then it's a question of is that good for shareholders (ie special dividend, shares elsewhere etc etc or does it stay within the business for longer term growth)?

No monies for the Modern Water division which has pretty much caused all the financial difficulties this year imo. As the broker note states, MWG side had moved its financial model to a subscription rather than sales model which has led to longer lead times for incomes and higher upfront costs. That was always going to be an issue for a small company like this to manage financially as you need deep financial resources to support such an approach.

FF,

Have to say it's a good read. I had expected that the company would be planning to either partner with a bigger player for STC or spin it off to operate in its own right and it now looks likely, especially considering the money being raised for that side. Looks like the BoD will not hang around making that happen?

Loads of other very interesting notes throughout.

FF,

Many thanks, will take a long look.

Hi,

Where can I find the latest broker note please?

TIA

Shame it's gonna be a very interesting ride with 1st stop after funding is confirmed this month. Choo choo

Is Harry on board?

Yes you do and a goose that lays gold eggs too. DYOR before it's too late.

Looks like some chunky delayed buys being printed

Or I have just posted a load of old waffle of course.

Actually I think it's better to think of it like this:

You let a friend have access to your current bank account. He then knows your overdraft facility and borrows the cash from your account and then repays it later having used the money he borrowed elsewhere and pays the bank the cost of the overdraft facility. ie your bank balance never changes in reality but he has been able to use your credit worthiness to make money. Something like that anyway.