Member Info for SmoothOperater

Director buying at 7p dispells his 10p minimum for RTO, obviously the shareprice is going to be considerably higher!!!

We must be in a small window of opportunity to buy before the next round of news.

That will be to completion.

13/02/25, 14/02/25, & 18/02/25, I bought on these dates which is close enough, not that it's any of your business.

Odds will increase to 95% on prospectus published.

LOL it's still 85% chance of success.

The trades tape strongly suggests 2 to 3 large buyers are soaking up the liquidity provided from selling (most likely Sattar and or ATM) without dramatically increasing the shareprice, over multiple sessions.

Therefore, it would fare to say those retail buyers at this range has a distinct edge, going into the next few weeks.

You may call it drivel but everything that is put into an RNS has to be legally watertight.

Furthermore, Strand Hanson, (the sponsor) would have to agree to everything that has been inserted into all RNS announcements.

So, everything contained within an RNS has been verified.

On the other hand we have some random poster , firstly calling the company a scam, and after the company had to deal with legacy debts involving a lot of dilution in the process, the said random poster then buys back in.

Now the company has arranged a structured funding mechanism to pay the costs involved with the RTO completion, they are now bricking themselves over potential dilution.

If you really don't like the company or seriously worried, sell and move on.

Leave this share for those who accept the risk.

I'm still accumulating and it's the 2nd time around at this level for me, because I'm here long term well after random posters have gone.

The 5th March 7am RNS:

... to contribute to, inter alia, the costs and expenses incurred in connection with completion of the Company's proposed acquisition...

Completion kind of says the funding is for the final stage of this RTO transaction.

GM shareholder vote will be required for the Rule 9 waiver, this waiver vote can only take place once all of the information is available, so shareholders will have full access to the whole transaction after the prospectus is published and institutional placement has been agreed.

At that moment, it will be the time for independent inspection/ evaluation.

Yes it's my opinion, just looking at the tape there's possibly upto 3 structured large buyers accumulating and possibly Sattar exiting and or ATM facility working.

Mmmmm OK let's work it out because for the RTO completion, the next steps would be , GM called, institutional funding placement, prospectus approval and relist / admission.

Reading the conditions below, I very much doubt there's enough time left to drawdown the £2m because it is just bridging finance.

Also if the RTO was to collapse the funding would be withdrawn.

£500k : The First Loan has a maturity of 104 days from the Completion Date and will be repaid by way of monthly amortisation over that period, unless the Lender has exercised its conversion rights under the Funding Facility.

£2m: the Company having made two consecutive monthly repayments in respect of the First Loan, a minimum median average daily trading value of £50,000 over the preceding 60 trading days, and the closing price of the Ordinary Shares being above the Conversion Price.

Chipsta, You cannot seriously base the RTO outcome on the basis Aussies didn't take it on asset.

The pre-RTO funding structure in place via CLN + ATM facility, is actually designed to kerb dilution this side of the transaction, and pay on-going process payments.

I would say it was in-line with the prospectus process to completion.

I'm not a trader, who flip flop posts according to their position.

This has always been about RTO completion and beyond, pre-RTO is just the accumulation phase, and therefore I continue to buy.

I don't know one minute they are saying it's a scam and then they buy back in and now crying because the ATM facility is being sold into volume.

Then accuse others of posting rubbish.

Price should never have got this low

Lol I'm just a long term holder who just keeps adding despite the shareprice falling.

Thorough research cannot be underplayed.

There was no way around the dilution as they had to clear historic agreements/debts as written in the circular.

The company is now a clean shell going into the transaction, the current financing should be enough to get deal over the line.

So historic debts cleared, enough finances, the shareprice is on the floor and the company has never been in such a good position for the RTO.

Mafioso,

The ATM facility is structured to pay the CLN interest. Kerbing dilution this side of the RTO transaction.

Unless there's other payments required, dilution is complete this side also. IMO

ATM facility had 2.5m shares to offload from the 9th March, according to 5th March 7am RNS.

Maybe they were forward sold but TR-1 holder reducing has clouded the off book trades.

If the company was concerned about the 10p threshold, would they really styme it by offloading 2.5m at this time?

Looks to me as if it was put in the circular in connection with the vote on a certain proposal.

PEEL moved lower to 7p , spread now 7.6% started the day at 23% spread.

It was 23% spread but PEEL moved down from 8p to 7.5p to shorten the spread to 15%

They'll need to call a shareholder vote RNS today or tomorrow, otherwise it'll be after Easter.

Chipsta bought after trolling lol