Member Info for selector

Funny how the numbers have worked out 😉

If Microsoft are taking the 191m placing shares, then that equates to roughly 29% of the company. Answers on a postcard what happens next…

Fundamentally, portfolio swaps allow investors and managers to have exposure to assets without actually holding them in their portfolios. The portfolio is typically constructed of a basket of assets (assets could either be long or short), and a counterparty is called for to hold the basket. As a part of the transaction, the investor enters into a swap with the counterparty to receive the return on the basket and pay, in return, a negotiated financing cost plus a preset spread. The counterparty will be required to pass on any gains/losses from the basket to the investor who pays the counterparty a financing cost for administering the basket. The financing cost is determined based on the outstanding value of the basket at the end of the day.

Maybe it's purely down to negotiations relating to the Medichem valuation? Can't sign off the accounts or audit without that.

https://www.youtube.com/watch?v=b1W5vwhLcsw&pp=ygURYWZ0ZXJub29uIGRlbGlnaHQ%3D

ooh la la, he sounds happy.
Thanks to mEM

Up Periscope

I'm a buyer.
GLA

Is that an insinuation that the purchase price was inflated for someone’s gain? Looks like it will be adjusted down to fair value, which is a bonus for revb going forward.

I'd suggest Bob Holt and the BOD have advised Minto to go for the good of the company as they now know what the extent of the problems. This is the prelude to their findings being released, and REVB showing that they take it seriously in front of the authorities. It's possible that whatever happened would disqualify Minto from being a director of a PLC. Reputation has to be restored asap. This is it. It's a good thing. Wrap on the knuckles, a fine and on with the business. IMO

Lenders meet 19th Sept. No doubt CW will be setting out the strategy going forward with associated film forecasts.
It would be a surprise if they haven't got this nailed with some time assurance. It'll be a case of keeping up with the payments linked to the new plan.
IMO, lenders wouldn't want to over complicate with D4E, they just want to see agreed payments being made.
I think CW had to mention D4E in their statements as a formality, but of course they'll being doing their best to avoid it.
GLA

The lack of response from punters tells you not too many understand or they're tucking into their egg & chips

It's either protection so can continue to trade
or
it's suspension pending...
or
I don't know what i'm talking about.

What's this about?

5.4p

be quick now

8.6 c US

Why the difference in SPs

Have Reddit got hold of it?

7.6p equivalent. Come on LSE