Member Info for phenomenonnick

Willec mine hit my account this morning and look like they can be traded. Admin variances between brokers aside I'd guess it's essentially complete now.

And for what it's worth I agree NB is likely an improvement over HH, and that the company has enough cash to do an RTO. It is however entirely possible that the loan notes are not recoverable and there are absolutely no guarantees that an RTO will happen at all, never mind at prices over 1p. I'm a 1% holder here and want it to do well, but it's misleading to imply any deal will definitely be done north of 1p. I'm a bigger holder in MORE and smarting from their announcement of the move to NEX and lack of RTO anytime soon. I note Mr Treacy is common to both firms so hoping PLMO somehow finds something in time and doesn't follow suit.

Suggest you re-read my post Peer!

Knicol/willec - the nominal price doesn't protect us in any way whatsoever. Usually, if the market price is under the nominal value, people don't just accept that the nominal value has to be paid. As part of the fundraising, each ordinary share gets split into a New ordinary share with a lower nominal value (0.1p say), and a deferred share (with nominal value of 0.9p in this example) which has so few rights as to be worthless. They can they proceed with the fundraising at the lower price.

We’re surely miles from a “beautiful” RNS aren’t we? Next stop an announcement about how many open offer shares got subscribed, then we get the new TR1’s to figure out who’s got what. Then we wait a few months and get a pre-suspension announcement about how close they are to a deal. THEN we (hopefully) come back with something amazing.

Of all the outcomes tomorrow, I think we can safely say that PLMO will not become the most valuable company on Earth :-) Should be an interesting day though.

Honcho - I’m sceptical but the belief there will be a short squeeze stems from an assertion that people who subscribed for shares when HH was in charge have forward sold not only the shares but the warrants. The warrants are not now being issued. Personally I find it unlikely that this affects enough shares to make a difference given the large issue of shares on Monday. But who knows.

Silly I post where I want to when I have something to say that others might find interesting and when I’m not in possession of inside information. (I have a broker who offers me placings so a couple of times a month I’m an insider on at least one stock or other). I’ve posted on both PIRI and MORE boards previously and some but not all of the others that I’m in. Mostly I’m posting on PLMO because it’s in the middle of an interesting period of change. I’m sceptical that this justifies a huge premium but we’ll see.

My you're quite the conspiracy theorist. I'm a private investor with a small SIPP with Youinvest. I have a notified position in PIRI and I'm below the threshold in everything else. As I've posted here previously, I've sold all my original shares here but will get �11,500 more in the Open Offer. I prefer PIRI and MORE at PLMO's current price, for the reasons I've stated. That is all.

Willed the flaw in your logic is that back then there were 1bn shares in issue not 8bn. That much dilution took 4 years. Today there are 8bn people on the planet. There were last just 1bn of us back in 1804. Shows you how unnatural this level of dilution is!

Mainly that a spike and fall back in the price this next week isn’t really in anyone’s interest. And you’re assuming it’s clear who a short seller is when they can buy placing shares in a different account. And even if they didn’t, it’s a huge increase in supply on Monday.

I’m going to take a guess that the people who got caught short have fixed their positions by paying 1.1p in the new Placing. Even if not I note the Placing shares are freely available on Monday so can be traded to fix the short position whereas the open offer shares aren’t issued until early June.

Well I’m back in to the tune of £11.5k at 1p. Have to say 1.75p seems a very high price and hard not to take profits on at least some of that. It’s double asset value isn’t it? Promising team but the other half of the new board is busy finding a deal for MORE, which at barely half the cash value feels a better medium term bet. If true that warrants have been forward sold that could be very interesting in the short term though!

Hahaha nice one. There was an EGM at 11am toner approval to do a 100 to 1 consolidation and to issue about £430k worth of shares at 1p (0.01p) with 1 for 1 warrants and to issue some warrants to the people who put £270k in a couple of months ago. The resolutions failed a week ago, now we have a new chairman who’s trying again.

What’s for me?

Obviously!!

Depending on the friend that could mean a pass or a fail! If it’s a fail I’m out of here, if it’s a pass I’ve got £11.5k at 1p

Only if the resolutions pass though. Any news from anyone? Peer are you at the meeting?

Thanks Risk - of course if the resolutions get passed I'm back in the game :-)

Welshshark - at 0.0165p isn't market cap �1.3m? For a firm with no cash and two loan notes worth at best �800k? Yes I'm bitter because I sold out at 1.31p :-)