Member Info for ShareScare

Sorry 53.8%

Icemax, I think all you did wrong was take an existing CoS and turned it into another CoS

There are some things that have been discussed here which started with "probability" which was then answered with "CoS" calculations.

If all of the existing CoS calculations are taken as individual events they are 35% 26% and 23%

In Bullys post he mentioned all 3 of those figures and said they average out at 50% They do not and no matter how those figures are presented baring in mind the CoS has already been worked out they do not suddenly jump to 50% or 58.3%

Hence I asked Bully if he could show how he got the 50% figure, it was not to take anyone to task.

Jimtheknow, cheers saved me having to post

Bully your math here is all wrong, could you do us the courtesy of showing how you get your 50% figure

Also noted a couple of my other posts today use Call instead of Put

And 375,000,000 instead of 350,000,000

Apologies to those affected.

To those who read my earlier posts apologies for the errors, I should have used better/correct wording and I should have checked the RNSs to get my figures right. I will post the original post and the post it with the correction.

Firstly I wrote Earlier:
“ The 196,875,000 shares admitted on Friday was made up of 185,000,000 (Put) the rest was for advisor fees.
LO did take the call hence todays TR1 RNS”

That should read " The 196,875,000 shares admitted on Friday was made up of 187,500,000 (Put) the rest was for advisor fees.
LO did take the PUT hence todays TR1 RNS"

The 2 errors being the 180,000,000 instead of 187,500,000 and Call instead of PUT
-----------------------
The second errors corrected and shown in brackets

L.Os position from the RNS 14/1/21 = 217,713,481
L.Os position from the RNS 19/1/21 = 356,013,481

So L.O sold 46,700,000 in 3 days from Tues 12th - Fri 15th
Leaving them with 171,013,481 from the original funding
They TOOK the PUT for the 187,5000,000 (NOT THE CALL)

171.013.481 (overhang) plus the PUT 185,000,000 = 356,013,481 (PUT NOT CALL)

They also still can double the amount by making the Call and get an additional 187,500,000 Which would take the total (minus any sales) to 541,013,481 (187,500,000 not 180,000,000) (double the amount by making the Call, not double the call)

So known overhand presently = 356,013,481 (23 days to clear at current sales rate)
If they make the call = 541,013,481 (36 days to clear at current sales rate) (MAKE THE CALL, NOT DOUBLE)

With volume improvement on lead up to results the sales rate will increase reducing the number of days to clear dramatically.

Unreserved apologies to anyone who read the posts, all the math remains the same and is correct however my erroneous use of the words Put and Call and the 180,000,000 instead of 187,500,000 are inexcusable since I could easily have gone and read the RNSs.

VerbierDave, yes I am aware, but they did take the put which they also never had to do. So if taking the put is any different from taking the call based on the whole "tree hugger" thing then I would suggest that the reason LO are not concerned is that they have used the 1798 Volantis Fund Ltd as a way of keeping LO tree hugging friendly.

Anyway off to correct my errors and make my apologies.

350,000,000*

Cars firstly if I got the figures wrong then I unreservedly apologise to anyone that read them.

So now I am asking, have LO now taken the full optional funding of 375,000,000 on top of the original 350,000,000 ?

And that should read 187,500,000 which is what happens when you are working from your head, so I am correcting myself.

Cars I made note that they had the option to double it and that would be subject to another RNS. I have not claimed that they took the doubling up. They have taken the 185.000.000 put from the funding option agreement but as yet do not appear to have doubled it.

That appears to agree with what I said, see my post from earlier "L.Os Position & Overhang"

Cars, VerbierDave, did that clear that up or not ? If I got it wrong I would like to clear it up

I amrich, I have no way of knowing, although from Tuesday to Friday of last week they sold 47,000,000 and odd change
So for those 3 days they averaged just shy of 16,000,000 per day. That will fluctuate and likely increase in the days to come.

Sorry that did not even make sense to me.

The original 375,000,000 were not part of any put or call LO had those shares as we all learned from previous RNSs

Todays TR1 RNS shows that LO now have more shares than they did on their last TR1 RNS

The put was placed Wednesday see the BPC RNS, and was called on Friday see todays RNS

The put in this case only applies to the 185,000,000 shares, LO still have the option of doubling that, which would be subject to a further RNS

Cars, Verbier,

The original funding deal was for 375,000,000 shares
On Wednesday the put was made and it was called on Friday 15th

Todays RNS although dated 19th shows the call was made on Friday.

From todays TR1 RNS " Date on which the threshold was crossed or reached 15/01/2021"

Thebhoys thanks for the kind words, although I fully understand your sentiment I would ask you this.

Is it only right to correct dampers when they post their untruths or should all of us be held to the same expectation ?

If we only call out the dampers, then their argument that the BB becomes an echo chamber surely can not be challenged, it gives them a certain amount of credibility to their existence here. Whereas as we are all expected to be honest and forthright then they become a nonsense like their posts. If all the other posts are kept factual.

"Shrescare: resign from this BB today unless you offer a public apology for your posts over last few days. Do not appear in another name again. You get one chance. This is not an idle 'threat'.

Starchild"

Knock yourself out Starchild, you should be apologising to people for posting fake headlines ? What was the purpose of that ? Seems like the exact opposite of what the super-dampers here do.
I only post factual content, if you have proof of otherwise present it or shut up and put up.

You avoided the question again, did the PM of the Bahamas announce a $2 billion Sovereign Wealth Fund or did you make that headline up yourself ?

Noviceinv, Starchild asked me a question which I duly answered, I am sure he does not need you to speak for him. And I certainly never asked for your opinion.

Starchild since we are asking questions and expecting answers I have one for you.

Did the PM of the Bahamas announce a $2 billion fund ?

Not really interested in your opinion or assumptions just a yes or no answer to the question. Did the PM of the Bahamas announce a $2 billion fund ?