Member Info for slowlyslowly

Ermm, hate to disagree about something that isn't about the stock's fortunes - there's enough argument on here as it is - but 0.0001 = 1/10,000

(1/10 = 0.1
1/100 = 0.01
1/1000 = 0.001
1/10000 = 0.0001)

Do you mean £0.0002 - £0.0004 (i.e. 0.02p - 0.04p)? Currently at 0.012p / £0.0012

Total new shares = 192,291,313
Open Offer shares= 152,562,386
Therefore I make the remaining shares issued under the Excess Application to be 39,728,927
According to the RNS, Excess Applications = 204,679,211
Therefore I make the scaling back to be approx 5.15 : 1.

Alongside the two new directors, Jonathan Freeman is still on the board from the old era.

description subscription, obviously.

National Geographic are just saying they've discovered this in order to increase magazine sales in a climate where print media is out of fashion. This will ramp their popularity enough to get some mugs customers to take out a new annual description, and then it will be announced that this discovery was fake.

https://beta.companieshouse.gov.uk/officers/iq0OG7kvCVZd01gzcDrYy5I2TFA/appointments

The other thing to say about Gledhow is this:

Registered Office: Peterhouse Corporate Finance Limited, New Liverpool House, 15 Eldon Street, London, EC2M 7LD

Gledhow is a PLC, 5/6 owned by someone called R B Rowan. So, effectively, R B Rowan has just bought these. What do we know about him / her?

Description of Investment Strategy
The Company incorporated in 1999 to invest in companies which the Directors believe have the prospect of high returns and capital growth. These may be private companies which are not yet quoted on a stock exchange or, more usually, listed companies where the value is not recognised in the share price. The Company may invest in such companies by buying existing issued shares or by subscribing for new shares thus assisting such investee companies in their financing efforts.

Why would there be?

... a complete unknown.

All we have is a cash shell, although even that hasn't yet had shareholder approval and has an unknown (but small) cash balance.

We do know who the interim directors are, which may tell you something.

We do know that they have a plan for the shell which they'll announce soon. That may mean that they have a reverse takeover in mind, with unknown degree of certainty and detail, and that may or may not materialise.

My guess is a 1:1000 consolidation at some point. But I'd expect them to wait until they want to change ticker and do it all at once.

Although the 0.01 placed shares don't join the market until Wednesday

Actually, "pole" means "sorry", and "pole pole" is slowly. So my name becomes "pole pole pole pole" ! ;-)

You've just touched on one reason why I'm optimistic. Jefferies are willing to buy any excess at the offer price. We often see brokers' valuations for a stock, and they vary wildly and we wonder where their numbers come from. When one is offering to get out their cheque book to buy at a named price, that's skin in the game and a clear vote of confidence.

Ooh - I'm sure my maths isn't better than your brokers. I'm an amateur; they're professional. But this wasn't about maths: the paragraph I pointed to in the prospectus says that the qualified allocation is not subject to scaling. If you're broker says I've misread that, please let us all know.

Ndio, nilijua.

Pole-pole is what the guides say to trekkers on Mount Kenya. The incline below 14000 ft is gentle enough that it's not a hard walk, but steep enough that you can gain altitude dangerously quickly.

Indeed, all will be revealed later (baadaye)

If I did the sums correctly, the 3/23 pretty much exactly accounts for the total intended raise. So even if every shareholder takes up their full 3 for every 23, there should be no need to scale back because they can afford to give everyone that and still be within the total number of new ordinary shares. It's only the excess that will be scaled back.

See page 113, section 5 of https://tritaxbigbox.co.uk/wp-content/uploads/2019/01/BBOX-Prospectus-Web-25-Jan-2019.pdf

Other than meaning the company no longer needs the office in Romsey, anyone conclude anything else from the choice of new address?

Thanks