1.35 would value the comp around £3.6 mill as a cash she'll with £840k. Will be a selling frenzy at that price. 74.4% of.comp siting on 200% gains, commenced selling frenzy.
Doubt this sits at 1.35 at all
750 mill shares plus more that 100 mill to estes consolidated 15-1 to make 67mill shares. 200 mill shares issued as part of placing making 267mill shares. With £840k cash and no assets. Placing is being done post consolidation @ .45p giving a total value of cash she'll of £1.2 million. £300k to to current shareholders & £900k to placees. Ofc there'll be a ramp tomorrow to allow placees to cash in
750 mill shares plus more that 100 mill to estes consolidated 15-1 to make 67mill shares. 200 mill shares issued as part of placing making 267mill shares. With £840k cash and no assets. Placing is being done post consolidation @ .45p giving a total value of cash she'll of £1.2 million. £300k to to current shareholders & £900k to placees.
Ofc there'll be a ramp tomorrow to allow placees to cash in
All the info you need is contained in the announcements & that there are many people on the BB who know exactly what is going on & are screwing over anyone they can.
Not to mention the placing price was arranged at the near exact SP of URA at the time of the announcement. The consolidation hidden towards the end of the RNS.
This happens tomorrow. May be valued at 1 mill today but shares in issue plus estes shares will be worth £300k.
'The Existing Directors and Proposed Directors have agreed that, following the Disposal and the capitalisation of the balance of the loans owed to Estes, the value of the Company will be £300,000.'
URA will be a cash she'll with £840k & will still need to raise a ton more cash within 6 months all the while the £840k diminishes.
'The Existing Directors and Proposed Directors have agreed that, following the Disposal and the capitalisation of the balance of the loans owed to Estes, the value of the Company will be £300,000.'
'Following the subdivision the ordinary shares of 0.01p will be consolidated on a 15 for 1 basis to create New Ordinary Shares. Therefore following the Disposal and Share Capital Reorganisation there will be 59,788,833 New Ordinary Shares in issue of 0.15p each. '
I haven't worked it exactly yet but with current shareholders will have less than 25% of comp post consultation, placing & shares issued to estes.
Although there is a 15-1 consolidation, value of current shares will be around .11 at the placing price of .45p valuing comp at £1.2 mill.
These new cash shells usually see an initial interest as placees dump stock so could see the value increase to .16 or so.
I note the warrants but it would take some ramp up to get them away without any solid news.