Member Info for pablo2

AJBell hold and trade CAI - only problem is if you wish to buy more CAI the minimum is £10,000 trade.

Aren't you a bit late organising this?

I can assure you there are no 'rotten types' on here trying to pull the wool over everyone's eyes.

KRS stated the shares owned at 6pm Tue Nov 19th would qualify for CAI distribution. If they've made a big gaff and it wasn't at that point but at 6pm Wed Nov 20th, several 'traders', me included, will have lost some of our promised CAI distribution. I personally will have lost 156,629 CAI shares which will be very annoying and of course some people have lost many more and all buying on the Wednesday will have, inadvertently or otherwise, gained qualification for CAI shares.

No conspiracy and no confusion in pi ranks. If the qualification was not 6pm Tue Nov 19th, the problem has been created by KRS and their Nomad and legal advisers, and to a lesser extent the CAI team.

I have asked the two CEO's involved to clarify the position and they have attempted to do so but I have asked them to consider from all angles, not just re-iterate what they hoped would happen.

Proof/pudding/ Monday hopefully and I'm reasonably confident I will not lose my 156,629 CAI shares

With new mgmt and Lazarevic back, who has the know how needed for the sites, we could easily turn this around. CM payments are back too so they'll be paying off the debt at the SPV's and again making them saleable.

The current BoD will probably drag the meeting out 5 - 7 weeks as it's common practice but soon we'll have them.

All to play for, can see this business surviving and prospering with new capital funding and the sp back to 1p within 6 months

Well the proof should be in the pudding on Monday to see how many CAI shares each of us receive.

I've got queries still outstanding with both CEO's so will update if they have anything more to say. Russell is rather a man of few words as from my 4 emails to him so far, I've just had one word in reply ' Correct'. Dave a bit more conversational and polite

nholland12 - again I say these are indicative and not actual, were the ASX open you could try trading them, but it's not

Found this about RBS with a Capitalisation issue :

https://investors.rbs.com/~/media/Files/R/RBS-IR/corporate-actions/capitalisation-issue-new.pdf

Page 3 seems to have something relevant :

What is the 'ex- cap' date'?
This is the date (15 September 2008) upon which the new Capitalisation Issue shares are allotted to Shareholders and
admitted for trading on the London Stock Exchange.
What is the 'Record Date'?
The Record Date (12 September 2008) is the date upon which you must be recorded on the share
register in order to receive Capitalisation Issue shares.

Exactly, nobody has got ANY CAI shares in their account yet. You might have an indicative amount but they won't be the real thing yet. I don't think Russell and co have just trotted out this latest RNS without considering it from all angles.

It would be interesting if Billy or anyone with HL would care to discuss it with them again.

Confirmed, all a load of hol nonsense

Just had a message from them, their 'relevant team' and they are sticking with Tuesday Nov 19th 6pm as the cut-off date.

So, they're at odds with HL

Well I haven't really had 'discussions' just simple emails. I've posted all their words to me.

All we can say is they're on it. They certainly intended it to be Tuesday 6pm as the date/time point for qualification. Whether they have not got it right with the stock exchange authorities, we wait and see

The way he thought it was going to pan out, he would have made lots of money if his short just ran through from Tuesday to today and was not adjusted in any way by any CAI considerations

If it's any consolation, if this whole thing does turn out a farce and the date is moved to Wednesday, you would not have got the price you sold at Wed morning on Thurs morning.

Elsewhere, the CGT advice/calculation RNS issued yesterday will be totally wrong if the date is changed too.

We await Russell and the Stock Exchange (or maybe just HL) to come up with the final judgement

IDunnoWhatImDoin - did you put a Short on ?

Dave replied :
You are correct. There will be an announcement confirming this tomorrow. Not sure where Hargreaves gets its dates from.
and later :
Last I checked we do not report to Hargreaves…..!

Dave also confirmed the qualification point was 6 pm Tue 19th and said we don't report to Hargreaves and an RNS this morning.

Whether Dave and Russell are 100% correct and there has not been a big ****-up, we wait and see as I would have thought the London Stock Exchange will have the final say

Could you email him russell@kerasplc.com, it would be helpful

I've now asked Russell and AJBell to consider further

Sorry, what's XC ?

Also emailed Russell with :
Am I not right in thinking the qualification for CAI shares is to those who held KRS at 6pm on Tue Nov 19th ? If one sold some KRS on Wed Nov 20th you have not lost any entitlement?

He came back with a one word reply : CORRECT

RNS on 20th Nov sated : 'Eligible shareholders will be entitled to receive 1 Calidus Share for every 3.451963 New Ordinary Shares registered in their name on the record date, which has been confirmed to be 6.00 pm on 19 November 2019. '

Crystal clear to me, holders on the record date at 6pm Tue Nov 19th. If anyone, like me, sold on Nov 20, they can't go back and say you weren't the holder on Nov 19 -plain daft