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Can anybody put any %’s CYAN have around these numbers? I.e how many of the 8m deployed are Ours? Would just like to try and understand how successful we are at current rates. I understand we probably won’t have that number for Sanctioned and probably not for awarded though.
My understanding of the Warrants means that another 27,188,500 shares could be issued at 15p in the next 18 months therefore if the orders come through and the shares go above 15p, then theoretically the company will have another £4m of cash to fund the growth. So I guess, subject to the market, a funding plan is in place to some degree if orders do come to pass?
Must be another Gervais Williams from Premier Miton then that increased his stake substantially from 7% to 11%? It can’t be the one being positive in the video as is mugs would just believe the bull…!
As announced on 5 October 2023, the total number of Ordinary Shares in respect of which valid redemption requests were received for the 2 November 2023 Redemption Point was 17,714,958 Ordinary Shares (representing 18.7% of the issued share capital) (the "Redemption").
The Board has resolved to effect the Redemption using the redemption pool method set out in the Company's articles of association (the "Articles").
The Company has notionally divided its assets and liabilities into two pools:
(i) the redemption pool, which will consist of cash, assets and liabilities attributable to the 17,714,958 Ordinary Shares over which valid redemption requests were made ("Redemption Pool" and "Redemption Shares"); and
(ii) the continuing pool, which will contain all the other cash, assets and liabilities of the Company ("Continuing Pool").
I take it you understand the concept of fund flows ITT? It’s common knowledge that fund managers have to size positions, manage liquidity and indeed become forced sellers of their favourite stocks if redemptions require them to. If you look at the recent news from MINI you will see that the company received redemption requests for nearly 20% of the company. That means 20% of the value of all stocks went into a run off pot and sold down. You need to understand this sort of stuff before coming up with conspiracy theories.
Very good point ITT, the free float is disappearing and the if the company is to believed, no more stock to be issued makes for a very interesting / appealing proposition for those on board.
Yeah but, yeah but, yeah but.....
More interesting is the smart metering where we are Involved with some of the largest deployments to date. The main thing is that things are moving, be it smart metering or lightning. This is very positive after years of procrastination.