RE: 0.50 placing warrants16 Nov 2023 16:42
BillyBob99
Posted in: AMTE
Posts: 505
Price: 1.175
No Opinion
RE: 100% GuaranteedToday 15:38
Saudi paid 1.7 I just paid 1.18 what’s not to like….
The Placing
‘The £400,000 Placing (before expenses) announced today comprises 80,000,000 new Ordinary Shares (the "Placing Shares") being issued at 0.5 pence per Ordinary Share‘
‘The Subscription Agreement
Pinnacle has agreed, under the Subscription Agreement, to conditionally subscribe for 147,058,824 new Ordinary Shares (the "Subscription Shares") (to be reduced by the issue of any Conversion Shares issued under the Convertible Loan Facility) at 1.7 pence each and has been granted warrants, as anticipated on 8 September 2023, exercisable over a further 880,184,436 Ordinary Shares at 0.5 pence each, such that its interest in the enlarged share capital of the Company, following the Placing, the issue of any Conversion Shares and the exercise of all outstanding warrants and options, as of today's date, (the "Fully Diluted Share Capital") will amount to 80 per cent.‘
‘The Convertible Loan Facility
Pinnacle has agreed to provide the Group with a £200,000 zero coupon convertible loan facility. Any loan drawn down under the facility is convertible into new ordinary shares (the "Conversion Shares") at 0.5 pence per share and any amount not converted is repayable after two years. The Company has agreed to make payments only in accordance with an agreed cash flow forecast or as otherwise agreed by Pinnacle‘
Billybob son they really didn’t pay that and looks like you’ve been spiked read the RNS again they simply made reference to it yes it’s complicated I’ll give you that but it doesn’t make the share price 1.70. IMHO GLA