Member Info for nomlungu

WTP,

Presumably the undercurrent is about VAL - it is not an AGM but a GM to approve more shares to be allowed to be issue and a 125-1 consolidation [for the third time?].

https://www.lse.co.uk/rns/VAL/change-of-venue-for-general-meeting-17-feb-2020-ya9ijhtutt2tdi1.html

It appears to have been moved to a larger / more secure location under the remit of the City of London police - were they expecting shareholder insubordination.

It looks as though enough shareholders are going to vote against the issue of more shares and force the company into administration.

And that is by shareholders who have thousands (if not tens of thousands) of Pounds in the company - we all make mistakes but falling in love with a company seems to be one of the worst and most costly mistakes that someone without a balanced portfolio cam make. A shareholder voting for insolvency instead of selling ranks even higher to me.

I thought that the purpose of going to the meeting was to put up hands to force a count of the polled votes?

Then attending and sitting with hands down may not be a proactive approach?

60pPARTY - I agree with you but you may have been hasty as I cannot see the whites of the eyes of fleeing shareholders yet.

I bought 2 points of a lightly traded bio share when I was considering corn futures; up nearly 20 percent in a fortnight so I have sold half of that share and put the money into a fund holding high yield Latin American debt.

#CoV_2019

Recent Conversion Example - from RNS

The conversion of £200,000 of the Loan announced on 3rd February 2020 resulted in the issue of 35,663,338 ordinary shares in the Company to the Investors.

This was calculated using the Variable Conversion Price which resulted in the 35,663,338 ordinary shares being issued to the Investors at a price of 0.5608 pence per share. This price per share was lower than the Fixed Conversion Price which would have resulted in shares being issued at 1.3664 pence per share.

From MAFL's website:

'The Company may also from time to time make market purchases to buy in the Company’s Ordinary Shares if the Directors consider this to be in the interests of Shareholders as a whole. '

https://www.mineralandfinancial.com/our-business/investing-policy/

Maybe there will be some share buy backs if the investments they have been considering end up being rejected?

Moved to a venue within the remit of the City of London Police? A warning to insubordinate shareholders?

Or just paranoid ramblings?

My comment about 25% down turned out to be wrong even though it was showing that percentage down on the LSE RNS pages around 10 to 8 this morning.

UKOG should auction off tickets for a 100 000 barrell celebration. All attendees to get a commemorative silver egg filled with sweet dry oil and all proceeds to Help the Heroes. Could be good PR for the company?

on lse pre-market opening - bargains today?

And I was only trying to sell corn - I was a teenager when I started participating in the trade of stock piled beans.

https://www.wolfram.com/language/11/partial-differential-equations/find-the-value-of-a-european-call-option.html?product=mathematica

https://en.wikipedia.org/wiki/Classical_physics

https://thebulletin.org/

Yes Kenny?

https://www.wolfram.com/language/11/partial-differential-equations/solve-an-initial-value-problem-for-the-heat-equati.html?product=mathematica

https://www.nytimes.com/2020/02/09/us/politics/qanon-trump-conspiracy-theory.html

Q

This will be interesting - how low will the share price be bashed before the vote which I expect to approve the resolutions.

I only gamble with monkeys...

Number 1 rule from Ray Dalio:

https://www.youtube.com/watch?v=B9XGUpQZY38

Investors in the failed flagship fund of Neil Woodford are facing a further blow after a £550m deal to rescue a portfolio of his stakes in biotech startups collapsed, raising concerns the holdings will be offloaded in a fire sale.

WG Partners, boutique investment bank specialising in life sciences, had been trying to assemble a group of international investors to save most of the fund’s illiquid holdings, but has now missed the deadline to complete the deal, according to the Sunday Times.

https://www.cityam.com/fresh-blow-for-woodford-investors-as-biotech-sell-off-fails/

It will be interesting to see if any of WHR's warehouses are damaged by the storm and, if there is damage, how good their resilience plans are.

FT - are we all doomed?

'Heilongjiang province in northern China has threatened the death penalty for anyone caught intentionally spreading the bug'