Member Info for Si_Derman

Great, we kept you a seat next to Moany.
Driver, we can go now. :)

It was there 10 mins ago. But saw it was over an hour long and had some wet paint drying.
The paint won. ;) Think I've read the gist, anyhoo.

Looks like Crux have either reduced or re-adjusted due to increase in issue and now below 3%.

More Old news than Breaking News. TBH
Has to be reason he's diggin all that up at this time.
And not just to sell a few more subs?

The one issue that requires addressing with this is storage.
Okay building arrays of offshore turbines and similar renewable energy systems for electrifying transport and general use, but if it isn't there when demand requires it... well.
Storage at source, stratgegic hubs, locally or even per household would be required. IMO

Left for work just after my previous post, so just catching up with the days posts.

The prices and dates for all the outstanding warrants/options are listed in the previous RNS of the 3rd of Feb.
In that RNS two lots of warrants were exercised at two different prices.
" ... 1,349,349 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a price of 0.1 pence per share for 477,703 Ordinary Shares and at a price of 2.2 pence per share for 871,646 Ordinary Shares."
You can plainly see that It mentions both the nominal price of 0.1pence and the cost price for whoever was exercising the options. In that case, 0.1p (same as nominal price) and 2.2p.
"The gross proceeds of this exercise received by the Company amounts to £19,653.91."

According to that RNS the balance of 2.2p warrants left were 860,407. Therefore some of Monday's 1,048,586 could have been at 2.2p, but the the other 188,179 would have been at a different price. Were they, in part, the 166,666 at 30p? Who knows?

Personally, I always thought warrants were different to options. But seems the terms are being used interchangeably. Also the format and information given seems to change from one RNS to the next. Be nice to have some consistency in format please OO RNS person. ;)

The RNS on Monday said former employee (singular) for an amount of 1,048,586 shares.
That equates to 0.156% of the total issue.
It's not as if a raft of embittered ex employees are out to bring the company down. lol

And fwiw, there are 1,062,111 warrants outstanding with 166,666 @ 30p to be used by 6 June 2021.

Anyone stop to think that maybe thay are exercising these warrants at this time to allow them access to divi shares. Maybe, No. Just a thought. :)

Thanks for sharing the response, Demon. You little divil, you. :)
So good to know that IR actually respond. Hear it so often elsewhere, "sent IR an email weeks ago and still no response."

Sorry, but I think Nigel may be wrong.
It think it could well be placing shares.

From the first RNS.
"A total of 12,160,353 Ordinary Shares have been conditionally placed pursuant to the First Placing " Obviously, conditional on someone taking them.

From the Results of placing RNS.
"Application has been made for the First Placing Shares to be admitted to trading on AIM, and it is expected that First Admission will occur at 8.00 a.m. on 7 May 2021. Following Admission of the First Placing Shares, the Company's issued ordinary share capital will comprise 93,617,102 Ordinary Shares..."

1st TR-1
Date on which the threshold was crossed or reached, 10-May-2021
??? - 11.620000 % TVR 10881921 ( was the TVR wrong? Hence the second TR-1)

2nd TR-1
Date on which the threshold was crossed or reached 12-May-2021
11.62% - 12.2% TVR 93617102 ( same TVR as the Results RNS)

So was it a correction RNS? Not finnished populating my spreadsheet with last years data yet, so unsure of their change of standing since before the consolidation.

FWIW, not the first time they have got details wrong in a RNS.
Some have never been resolved.

Happy to be corrected, though. :)

PS. when we getting your TR-1, not Ringo or Paul? lol :)

Thanks for the info. regardinng BF.
I was just scanning the coast for likely candidates and noticed that it was way off it's normal route.
I was thinking about it some more today whilst working on the roof looking out across the Atlantic. Get a good view of passing ships up there. :)
My conclusion was pretty much what Spud said.
A knee jerk RNS to hopefully get a few more to take up the OO.
Otherwise I don't think they would have bothered. IMO.

Thought it may be due to the first issue of the placing altering their percentage by the increase in issue. So no actual change at all.

Thanks for clearing that up. Assumed is was a new company and was looking for any ferries that seemed out of place as possible candidates.

I'm going for Brittany Ferries. And I'm thinking the Connemara. Reasons.:)
Come on you ship spotters. Hoping for completion of the repair works on both vessels by mid-June. Gotta start soonish.

Thought you weren't going to mention "them" again? :)
Going to have to put yourself on ignore now.
Anyhoo, they wouldn't sell anyway, regardless of who wanted to buy stock off them. AFAIA

Exactly this time last year there was a flurry of director, PDMR and PCA dealings.
Since then I can only recall two relations of JT adding in the Jan OO.
Assume that if they could have, then any one of them could have. If they had so chosen.

"Doing any type of trial in this country will be a challenge."
Not sure if the Prof was making a pun or a giving a hint, with that comment. :)

I think that the relatively small amounts of posts recently seems, to me anyhoo, that everyone is quite content holding and waiting out this short period between the GM results and the next stage.
Never felt so calm, personaly.
The only downside, is I've nothing left to sell and no funds to top up some more. :)

Thought if I did both it would be too easy. :)

And it's not Ringo either. :)

What I was trying to say is that it wouldn't be just a few deliveries of steel from Mc Jewsons the day before the contract start date.