Member Info for slowlyslowly

Tra1 - yes, of course he may well have done. In fact, I'd be surprised if he didn't.
papertub - even if those shares were forward sold, they don't count against the number of "shares in issue". If you look again at Antos's TR1 from an hour or two back, you'll see that the number of shares in issue is 10bn rather than 12bn (rough figures). His 18% is calculated against that, so if he doesn't buy any more his percentage becomes 15% tomorrow at 8am.

I've no wish to put a damper on the enthusiasm here, but just to remind you all that the placing shares hit the market tomorrow morning. http://www.investegate.co.uk/bould-opportunities/bou/issue-of-equity/201905241352211742A in case you've forgotten. That's another 1,744,000,000 shares, bought at 0.0125p each. We don't know who bought them.

This won't shake the market noticeably, I don't think, for reasons already discussed.

But, unless Antos also took up some of these placing shares, it may mean his percentage holding drops a little. This happened before. He bought 21% of the company, and then a placing took place to dilute everyone's holding. As a result, Antos dipped to 14%, even though he hadn't sold a share. Lots of people misunderstood, and reported that he had in fact sold some of his shares. Even an Alliance News journalist reported it this way.

This is worth saying now, so that nobody is thrown into thinking he's selling out, should that updated TR1 land.

He's asked that question at 08.15 yesterday, 13.35 today, 14.14 today, and 14.15 today. Each time, people have replied. Rather than reading the answers he just keeps asking again. I think he's a bot.

You asked that a few minutes ago. Why the repeat question?

Havoc - you'd lost your touch. Houston - we've lost contact with Richboy1990.

So yesterday, RKB said this:

"We now know that all the old assets are currently being transferred to him for £1. We thought and believed that he would be a director by now and we have to be open-minded that maybe he bought his shares originally just to obtain the assets and maybe he was going to buy the company 100% which he could have for about £500K when we had less shares and we were at 0.01p but if he had to obtain only 758 million shares to ensure he secured the assets for £1 is that not worth what he paid in shares which are tradable and can be sold at anytime?"

Correct - we did need to keep an open mind. This could have been _just_ a way to get the old PSL assets and nothing more.

However, to achieve that, he did not need to buy further shares.

So we can now close our minds again. Antos is here for another reason than a secret desire to retrofit old buildings with state of the art IoT equipment.

So, he's gone from

758,000,000 (RNS 13th March)

to

1,966,244,949 (today)

That's an increase of 1,208,244,949.

Which is 450,244,949 over his Basic Entitlement under the offer. He took up 159.4% of his Basic Entitlement

Yes, I saw that too LOL

Probably both buys. If the 0.025 buy pushed up the bid and ask prices enough, but then they were able to buy a further tranche at 0.024, then the 0.024 would have been nearer to the ask price at the time which would make the automated system classify it as a sell.

The good news is that I've just had my excess cash returned to me, which means that (except for those on Halifax) others should start to get this over the course of today and tomorrow.

That means people can decide how much, if any, of the 5.2 billion shares they applied for unsuccessfully in the Open Offer they wish to buy on the open market.

in the run up to it, yes, and certainly when it happens.

You then get a stock that doesn't shout "penny stock" at you at first glance, and the name change is for a reason and so the prospects are moved front and centre once we're ADM Energy.

Yes, it reassures us all that the game is on and things are on track.

It also reassures to know that HL are on top of what's happening, so there'll be no hiccoughs their end.

Yep - that matches the RNS on 22nd May: "It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on or around 10 June 2019."

Agreed with gilo. It's all smoke and mirrors. Nobody knows the timing of anything, and if the line that "we're all talking on Twitter about you have to get in by Wednesday" had any substance at least one person would have come here by now to explain why.

Is this simply a guess that the end of Ramadan could prove significant, or is there something more concrete?

(By the way, my post should have said "got three reasons", not "got the reasons")

Cookie, agreed. Also consider the number of shares in the placing. I was just being more circumspect.

There are other ways to raise money than placing.

Yes, what others have said. Don't wait for Friday hoping for a dip so you can get in. I've got the reasons why I think that won't happen, and so that plan would backfire.

1. The placing is far smaller than previous ones. Previous placings nearly matched the number of shares already in issue. This is 1/6, so the effect will be much smaller.

2. It is possible these have been forward sold either since Friday or even a few weeks ago - either actually or in principle. It happens, so it's always a possibility.

3. If whoever is buying the placing is in on the good prospects that are driving the extraordinary demand for this share that we saw both in the Open Offer and today in the market, they'll see the placing as a chance to invest cheaply rather than as something to flip instantly for quick profit.

Y'all need to read the last RNS again. It explicitly said that there are no placings planned, the implication being that the Board can see where the funding will come from for all the projects they currently forsee. That was the best line in that RNS and it seems lots of folks missed it.

So I got 10.38% of the excess I applied for. I've spoken to someone else who got the same through a different platform. So it seems this is the overall scaling down to. Some people got lucky by being on a platform where some clients didn't claim their full Basic Entitlement. Because the platform applies for offer shares en bloc it means those folk will end up with a higher proportion of their excess application.

If people were given 10% of their extended application, and that came to 600m, then 6bn were applied for. Subtract.

Also happy to be corrected though.