Member Info for ShareScare

Chesh because a put is not a placement

Rp11ace, which rumours ?

Easier to understand

"(iii) in respect of any shares issued pursuant to the exercise of the Put or Call"

In respect of ANY shares issued FOLLOWING the exercise of the put or call.

The ones already issued are not being issued following the put or call they have already been issued.

Cars respectfully my point is not moot

" (i) the last date by which BPC may exercise the Put is extended to 13 January 2021, but if the Company chooses not to exercise the option the Put will simply lapse - this extension preserving funding optionality for BPC as drilling progresses, consistent with the overall funding strategy; (ii) subject to BPC exercising the Put, the Call must be exercised before the earlier of (a) the date of BPC's RNS announcement of the Perseverance #1 well results and (b) 12 February 2021, failing which, the Call will lapse; and (iii) in respect of any shares issued pursuant to the exercise of the Put or Call, the date on which BPC may be required to make a reconciling payment to the Investor is extended from 60 days after the date of spudding of Perseverance #1 (which would be 20 February 2021), to 16 April 2021"

This is the important part of the above

(iii) in respect of any shares issued pursuant to the exercise of the Put or Call

If the put is placed it must be called it tells you this in (iii)

SC "What event(s) between Jan 7 and 13 on the drill ship or externally, necessitated 6 days of delay?"

The answer is none. I do not think the put date is as important as the lapse date for the call.
Under the original funding agreement (that which has already happened) the hedge fund have until February 18th to sell/hold the original 375,000,000 shares at which point BPC does not have to make up any short fall.
Under the funding option agreement (that which has not happened yet) if the put is placed the hedge fund have until February 20th to make the call, that's 2 days after the original agreement would have lapsed.
Only if the put is placed on January 13th and called by February 20th do the hedge fund get until April 16th to dispose of over half a billion shares under what will become the new reconciliation date . Those they already have plus the new ones under the funding option agreement.

I would say if the put is not placed we have good news coming.

Jolly cheers for clearing that up

https://www.youtube.com/watch?v=yqIdnYxm_WM&feature=youtu.be&fbclid=IwAR2fdtCaeEHsQ-5ScvpoS8XLukjsTnYBYVsZbVUglaaEuvmkYuqe2-7Qlb0

Jolly "news of well will start to leak out end of next week"

Do you have a citation ? or is that just your opinion ?

Guy walks into a pub
Barman says "Why the long face"
Guy says "I'm Harry"

Irene buying the dips

There really are not that many anyway, the dampers out number them by quite a margin

Irene I was unable to get in my old account, and so in order to see what was going on here I had to sign up as LSE had the BB behind a wall. Really I have no secrets

Bespoke, I hope you put it on a new thread, this one takes some scrolling !

Irene thanks for the quick reply

Irene I hope this helps, I have been a member here since 2012, I have a different username for the shares I am in. I only signed up on here with a new name as at the time LSE had a wall up.

Define quickly

That's right Irene he is here for the "story"

Irene because SOME sold them at a loss. They were rampy before they sold and now come back here damping at every opportunity

Bobby " there will likely be rumours of oil samples being taken by helicopter to the USA before too long."

Change your name to Captain Hindsight, that rumour as you know already happened and was put to bed, by a ramper no less

I got the info from him but never even looked until he told me about the hit he took.
I never buy tips.