Member Info for RollinHand

Thanks Chesh :)

Will bump warrants post back to front page for those that haven't read.. All these new 'noise' threads knock the more important info back into the trees and folk don't see the light...

Wonder if abc or perhaps Sherlock made the following buy... maybe it's was all they could afford.... a whole 5 shares ;-)

13-Nov-19 12:28:09 9.90 5 Buy* 9.80 9.90 0.50 O

I'm not so sure..

For the 100,000 trade @ 17.5 the bid/ask was 15.5/19.5 so that was a mid-point trade, I don't believe if it was a sell then it would be at mid-point.

For the 1st 25,000 trade @ 17.5 the bid/ask was 14/19.5 so was above mid-point, more confidence this was a buy.

For the other two 25,000 trades @ 16.5 the bid/ask was 14/19.5 so were below mid-point and are more likely to be sells.

Thereafter another mm came on the Ask at 16 so the spread changed to bid/ask -> 14/16 though no trades occured

OSG:

OTC transactions from today.....

Date Timestamp Price Volume
11/12/2019 10:57:35 0.165 25,000
11/12/2019 10:57:35 0.165 25,000
11/12/2019 10:27:59 0.175 25,000
11/12/2019 09:57:05 0.175 100,000

Total Volume -> 175,000

https://www.otcmarkets.com/corporate-services/get-started/otcqb

https://www.otcmarkets.com/corporate-services/get-started/otcqb

The fees for listing on OTCQB markets is $12,000 per annum, with a one-time application fee of $2,500

The fees for listing on OTCQB markets is $12,000 per annum, with a one-time application fee of $2,500

I think these guys have plenty "experience in the Industry"....

Chief Strategy Officer -- Trevor Taylor

Prior to joining Zoetic, Trevor Taylor was the CEO of District 8 Holdings, the number 1 organic pre-roll selling brand in Colorado, the first state to legalize recreational cannabis in the United States.

Previously, Mr Taylor was a partner and analyst at The Redstone Group, a multi-strategy merger and acquisition brokerage firm, and was the co-founder and COO of Old West Oilfield Services. Mr Taylor helped take the company from initial concept through the final exit in just over five years to Cerberus Capital Management, a global investment firm. Old West was a leading fluids and frack sand logistics services company serving major operators in five US basins.

Mr. Taylor graduated from Colorado State University with honors and a degree in Civil Engineering. He is active in his community serving on multiple boards. Mr. Taylor spends his spare time operating a commercial stone-fruit farm in Palisade, Colorado.
---------------------------------------------------------
CRO -- Antonio Russo

Antonio Russo is a cannabis and hemp industry expert dating back to 2010. Co-founding two cannabis companies encompassing five fully licensed retail stores and three cultivation facilities nearing 100,000 total square feet and the number 1 organic pre-roll selling brand in Colorado.

Antonio was a former board member of MIG (Marijuana Industry Group) formed to help craft Colorado’s earliest medical cannabis regulatory framework. MIG is the largest and oldest trade association for licensed cannabis business. He was instrumental in the progression of Colorado Amendment 64, marked as an electoral first worldwide.

His passion for creating memorable brands and bringing life to products that influence positivity are inspiring.

What's your experience Sherlock?

Certainly not Sherlock Holmes - he has a wee bit more nouse…

You will be aware of course that RP's warrants are due for exercise before the end of March 2020 - yes?

They will bring in £1.1875 million - yeah you read that right - nearly £1.2 mil

If you scurry reading through the last trading update then you'll find that's almost half - yeah that's right half or 1/2 or 50% if you like of the projected admin costs - so at this stage I don't think we're short of a bob or two..

Know what I mean...

parkez:
Been out all this afternoon, but yeah funny how the trades start again when there's a lull. Seems there has been quite some volume gone through this afternoon and a few trades over on the OTC too,

They may have already. I wouldn't be surprised to see one or several warrant exercise RNSs between now and the end of the year. The introduction of 23.75 million shares into the market might quell anticipated exponential SP rise from the OTCQB listing.

There is already known to be demand from US investors and RP isn't dumb despite what may be thought of his running of the Company since inception, he can get his best price and satisfy the demand for shares in the US.

Our benefit is the ~£1.2 million incoming.

It's good that Nick will be talking to US investors and hopefully institutions. He can perhaps facilitate relieving RP of his warrants and moving a % of the Company into II hands. The most positive move would be to have a greater share of the Company moved out if retail investor hands into II.

The warrants are 5p.

He doesn't need to sell his existing shares, he could offload through a broker, like District 8 folk did through Turner Pope. If he did so at 15p to him he'll make ~£2.3m and there will be 23.75 million shares or part of to satisfy the US investors.

Any views on whether RP may use the OTCQB listing to exercise & cash in some of his warrants?

His 23.75 million have to be exercised on or before 24 March 2020. From his perspective perhaps a 'perfect storm', he can fulfil the coming demand from US investors without causing volatility in the SP by him selling some off.

As with the 5 million warrants for the District 8 folk he could agree to offload all or a chunk of his 23.75 million at say the equiv of 15p (when the SP gets up there) through a US broker.

It's not known if RP would hold all his exercised warrants as this would leave him holding circa 20% of Zoetic and that may not go down too well with the previous history. Worked out as his 12m holding + 23.75m warrants (35.75m) over shares in issue 148.9m + 23.75m (172.65m) --> 20.7%

The great benefit to Zoetic is the incoming of £1,187,500 into the coffers before end of March

Kontiki2:

They were going to use Zoetic (NI) Ltd - RP was the Director, but when NT became CEO on 3 September I think that idea was ditched.

https://beta.companieshouse.gov.uk/company/NI663233/filing-history

See the 'notice for voluntary strike-off' - dated 3 September

Available on the Frankfurt exchange, yes, the same we were available on the OTC before but on the Grey Market. UK listed shares are available through other markets.
What I was talking about was having an official dual listing..
Where we are part of the EU at the moment transacting in any pan-European shares is easier than it will be when we are outside the EU (we will be a 3rd country) hence the suggestion that when Zoetic are selling product into Europe then European investors may want part of it and that will be eased with a listing (dual) on a European exchange.

Perhaps with this Brexit and all that.... Once the OTC is sorted out Nick may be looking to target a dual listing on the Frankfurt Exchange?

Stranger things could happen... The wider availability our shares have for transaction the better...

Are the new MM Joh. Berenberg, Gossler & Co. KG ?

https://www.londonstockexchange.com/exchange/traders-and-brokers/membership/member-firm-information-sheets/member-firm-information-sheets-details.html?issueNumber=2015/107

Company details:
Joh. Berenberg, Gossler & Co. KG
Neuer Jungfernstieg 20
Hamburg
20354
Tel: +49 40 350 60 990 (General)

SETS - IOB - Market Making
Firm Code: 791
CREST Code: 5KQAQ
Member Mnemonic1: JBER
Member ID2: BEGODEHH
Euroclear Bank Code: 41483

https://www.berenberg.de/en/

If this is the correct firm, by the mnemonic it is, then they don't broke directly with US residents.

Section from their web page:

US Residents
Our services are not available to US persons that Berenberg cannot serve through its US broker-dealer affiliate Berenberg Capital Markets LLC, Boston, MA under the Rule 15a-6 of the US Securities Exchange Act of 1934.

Perhaps gearing up for potential European holders...

The accounting calculation will probably be:

1p/share - Nominal share cost
10.5p/share - Off the debtors list - to settle the debt
Any excess/share - off the share premium account

I think that would be right..

Si
It become tricky...

The agreement appears to be written for the scenario where the amount that would be realised from the share buy-back does not satisfy the debt in full, hence the "in addition,..." Diversion will pay settle a shortfall.

In the equation is the exchange rate too.... Instead, let's say the SP is 21p i.e. twice the required 10.5p to settle the debt. I appreciate 10.5p doesn't balance directly the $125,548 so let's say the exchange rate makes up the difference.

With an sp of 21p would Diversion have the right to say "okay at an sp of 21p Zoetic only need 475,000 of the 950,000 shares to settle the debt"

It's been clarified that Diversion would not be entitled to any surplus if the "whole" 950,000 shares were bought back but no consideration has been made for the scenario where "part of the 950,000" would settle the debt - still no payment to Diversion but they retain some of the shares. In this case at 21p 475,000.

Apart from all that it will be an interesting accounting exercise for the shares going in to Treasury... What will be the Treasury price?

Assuming the whole 950,000 are "exchanged" will the treasury price be based on the buy-back price say 21p or will it be based on the debt settled ($125.548) divided by the 950,000 ->10.5p?

Yeah I think that's how it will work...