Member Info for slowlyslowly

As I've said a few times (inviting people to explain why I'm wrong), this bit of the order cannot be right:

Announce target
Announce funding/fundraise

As soon as they announce the target, AIM rules require them to suspend trading until the RTO is fully finalised. They cannot raise funds during suspension. If they need funds to fully finalise, they would need to have done that before the target is announced.

The only way a suspension would be avoided is if the RTO can be presented as a fait-accompli. But that implies the due diligence is already done, which would only happen if they don't need to raise further funds to do the DD.

So the two possible running orders are:

(a) If they need funds to complete the RTO.

New BoD
Announce Funding / Fund-raise
Announce Target
Suspend while negotiations complete
Resume trading when the RTO is all but complete, or if it's fallen through.

(b) If the have enough funds already to complete the RTO

New BoD
Announce Target and present negotiated RTO for shareholder approval
GM to vote on it - Crack on

What's the total dilution multiple now since those 2-year highs

Charles Stanley Direct just gave me a quotation to buy when I tested to see if I could - using PSL not BOU, which their website doesn't know about.

Weirdly, Google Finance's graph is updating - currently showing trades about 0.046 - but the "last price" above the graph is showing the close at 16.30 Friday, and the open / low / high figures below the chart are also those of Friday.

Why's consolidation relevant? It gets mentioned a lot, but all it means is that we all get our holdings exchanged for fewer shares each at a higher price, but the total value is unchanged.

Could you summarise the relevant part of the WDC story for those of us not familiar with it?

This was PSL: https://beta.companieshouse.gov.uk/company/06133765, name now changed to Bould
This was registered as Bould: https://beta.companieshouse.gov.uk/company/11866527, name now changed to 931009.

I'd guess they need to change the name of PSL to Bould, but registered Bould as a new and dormant company before the shareholder resolution. Otherwise, someone else could register a company named Bould, and then Companies House could have refused the name change of PSL. ... Maybe.

If that's the case, the dormant former Bould is now redundant, so it's been renamed out of the way to free up the Bould name

Good to see the sp hold up nicely through the day and into close, and not tailing off with profit-taking sells in the last hour. Certainly didn't drop back to 0.025 as some were forecasting.

Wonder what next week will bring?

Hypothetically, just suppose, someone had forward sold some shares in PSL because they believed they'd be able to cover that with a future placement. And just suppose that placement fell through. Theoretically. ...

1. How much of yesterday's and today's rises could be fuelled by purchases to cover those sells?
2. The volume traded today is slightly under 2 billion shares. Do we think that particular buying spree has nearly run its course?

@Letsbefrank - it just reads like the start of the RNS they issued on Tuesday, and the link to investegate is to the full announcement. I don't know why their message says "updated 12/04/19", as I cannot see anything different there to the original RNS.

As I why they've headed it "Corporate Action Detail" - I've no idea. It's a regulated news release. How do AJB normally package RNS messages to you?

Took the chance to self-insure by selling a bit. I'm happy to take the risk that I now have a smaller stake for the next level of the rise up, knowing that what I still have in here cost me the grand sum of 40 pence.

I think you missed a nought

Out of interest, what changed your mind from deciding 0.015 was the entry point to 0.036?

Ah, the time. ;-)

Wrong share? 8.02?

As I said, that announces that we leave the AIM All Share Index today.

So - we have an RNS announcing that we leave the Index today, and another stating that the name and ticker will change.

We have not had an announcement that the ticker will change today.

Was that addressed to me, in reply to my asking where a ticker change had been announced effective today? If so, I can see the ticker change, but where does it give today's date?

Why does everyone think the ticker changes today? With any other company changing ticker I've seen an RNS beforehand giving the date it takes effect, but I've not seen that here. We have had notice that, being a cash shell, it leaves the AIM All Share Index today, but that's different.

What have I missed?

LOL: According to that list, destitute is the 8th most rampant ramper of this particular stock.

I think I'll treat that website with a pinch of salt

Welcome back!!