Member Info for PrivateRyan

Degree in the bleedin obvious James?

No it couldn’t. It never is....

Drax you are a worse ramper than stocktracker. Useless posts

Had a quick look at the law - seems like a 21 day notice required for a general meeting so we have a bit to go Maybe a deal announced before that.

What?see the rns section!

They are communicating re the g m timing this week. All going to plan.......!! They are still alive

And to think tech Tom thought we were the same person! Thanks for those kind words. I would back my qualifications against yours you poor chap. Things have not gone well. I still hold but I question. Don’t you?

Don’t notice a queue of punters lining up to buy the shop or the sweeties!
I would guess rns tomorrow... fingers crossed

Very well put godfather! We hope now they can do a Boris and hopefully not too long to wait. Thanks for the support !

There is no mystery. It’s fully explained the rns. Poor negative post in my view
The market value will already have been affected adversely or better the share price Such dilution is factored in when announced not on issue. It always is
We are up the proverbial creek the only question is do we have a paddle! There is no need to add to that with such ill informed posting Yorkie

Thanks godfather! I hope we get a deal ....

I don’t know the legalities. No point in researching further. I have seen this mechanism before so suspect an egm wouldn’t hack it. But I don’t care why they are doing it this way.

Suppose Graham must know how Boris feels. Trying to get a deal before 31 October against the odds! You have to laugh!

the number of shares have doubled,,but the extra shares have no value as no rights- you retain exactly the same number of listed shares as you had before - the market value is unchanged (only the nominal value which is irrelevant).It is simply a mechanism to change the nominal value so we could issue more shares at sub 1p (being the market value )

yes I stand corrected - wasnt paying any attention to the crap side of the equation- so that is as expected- your listed shares would continue to have the same market value - the crap shares do not matter -ignore them.
Of course there are other market forces at work ,eg the dilution for the new shares and the uncertainty over a deal ,but that is nothing to do with the capital reorganisation per se.

Jimzi
See extracts from the RNS below. I havent seen any shareholder circular as I hold through II .broker in an uncertificated form- no evidence on the website that it has been sent out as yet?
But it is clear that there should be NO effect on the market value of the share you hold purely as a result of the reorganisation. This is made clear in the RNS . I dont understand where you are splitting shares 50 50 - it should be you retain a single listed share and the 99 others are basically ignored-they have no rights of any kind and will not be listed . I suspect you have got your maths wrong. Any way all this is a distraction - the deal is what is important .
extracts below
Capital Reorganisation

The Placing Price is less than the nominal value of 1 penny per ordinary share. The UK Companies Act 2006 (as amended) prohibits the Company from issuing ordinary shares at a price below the nominal value. Accordingly, the Company will be seeking shareholder approval to carry out the Capital Reorganisation through which it is proposed that each existing ordinary share will be subdivided into one new ordinary share of 0.01 pence (the "New Ordinary Shares") and one deferred share of 0.99 pence (the "Subdivision"). The deferred shares will have no rights and the Company will not issue any share certificates or credit CREST accounts in respect of them. The deferred shares will not be admitted to trading on AIM.



The number of ordinary shares in issue, and held by each Shareholder, as a result of the passing of the Resolutions will not change. It is simply the nominal value of the existing ordinary shares which will change.



The New Ordinary Shares will continue to carry the same rights as those attached to the existing ordinary shares, save for the reduction in nominal value. Application will be made for the Placing Shares to be admitted to trading on AIM and dealings are expected to commence on the first practicable day following the General Meeting.

NoWorries. Trust me I’m an accountant !lol

it is only a legal mechanism to enable the new shares to be issued ,and has no further economic effect .It i not a dilution per se ,though the issue of he new shares will be.That should already be in the price. So ignore it

you may be right this time FRAC- but you have posted similar encouraging techie posts before ,but where are the deals?And the biggies can make mistakes - Murata seems to have changed its mind for example ?

or that there are no orders and they are trying to attract some?