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With every passing day it points to the introduction of the second tranche to sort out the mess causing the suspension....
So what happens if the required votes to issue these shares are not forthcoming?
Post admin arrangement?
Non possible.
Pre placing....is the fact that the suspension sp at 0.10, the same as the Placing price a coincidence or arranged?
Who knows...certainly not the lths with contact to the directors.
Are we to remain suspended until the 25th?
So many questions....all the answers/ theories are pure guessing. Just be patient...
2 billion sold already...your having a laugh!
If the Placing (if it happens) goes to sticky hands then maybe a gradual rise. Just can't see a surge on reopening , unless of course we are bought out.
Time will tell.
"The patents announced on 7 December 2023 are not expected to drive contribution until the end of calendar year 2024."
This is the SMT, the ability to put supercapacitors on a PCB using a reflow oven.
What mass produced PCB/battery system that would benefit by the addition of a supercap besides mobile phones can you think of?
Https://eepower.com/news/cap-xx-demonstrates-surface-mountable-supercapacitors/
So what happened?
15yrs later and still no customers and no products.
There was a twitter link to someone suggesting a buyout by Tesla posted on here twice and both deleted.
Then we get this suspension.
Then the shares due to hit market today have not appeared.
What if infact there is truth to the suggestion and the issuance due today have been cancelled and yet forward sold?
Would cause a bit of sorting...and a suspension!
Sorry minds wandering...
R65,
You are suggesting forward selling is something new here...no its not happens all the time.
You are suggesting the funders don't really have any funds and are selling the yet non existent to pay Cap-xx.
How were they going to forward sell the 1.8b?
Obviously something to do with placing shares...Will just have to wait and learn.
Might just be a few hours while the bottleneck is sorted.
Or could be more sinister...and a full investigation.
We do not know this.moment in time.
But as usual ...its fun guessing@
How much damage did the word "administration " do to Cap-xx reputation and potential orders.
Easy to imagine future customers being wary of Cap-xx potentially going bust.
Why did they state this in an rns?
They seem to have acquired funding g easy enough since, albeit at a considerable reduced price.
Surely it would have been easier to raise just giving a larger discount to the sp and no mention of administration...
It was put in for a reason.
The fund managers, Cannacord were under an obligation to sell on the mention of such word
I get the feeling they wanted them out.
It's certainly gone lower and quicker than I was expecting.
If this is the effect of 103m being dumped. What hope for tranche 2?
Certainly need some sort of positive news...
Will it be forthcoming...
Infact is there actually any available to report.
Who knows.