back of *** packet calculation with 1911 @.18cad the shares held are worth approx £580k, if the warrants were exercised at a cost of approx £300k this would add another approx £580k of assets so 1911 holding alone should be valued at approx £860k, current mc is £1.1m
Not quite the double bubble I expected or posted about but good for anyone who got in sub 6... sorry for the long term holders here... the management have let you down big time
Had to buy in tranches and multiple NT but can sell 10 million without an issue, I wont be as there is a deal in the offing and the timing indicates could be very soon, plenty of stock will be available next week but I doubt at below .06/07p.
The revised Board will now work closely with Peterhouse in order to identify a suitable transaction of sufficient size to meet the recent London Stock Exchange rule changes, that outline that any new RTO must be larger than £30m upon completion and relisting.
The principal activity of the Company is that of an investment company...........currently focused on acquiring a new business with adequate scale and growth potential to be listed on the Standard Listing of the London Stock Exchange.