Member Info for Ssccss

We don't actually know that the accounts are with the independent auditors?

How do we know they have filed the accounts?

"I have never sold a single share"... Where have we heard that before. Paid (either directly or indirectly) rampers and everyone knows it

Nidgeyr, prevail investment isn't what it looks like.

Vlad is not working to make you guys rich. You are working to fund his product.

Its sad this came as shock to many but since mint and the CLN, it was obvious Vlad would do whatever it took to raise money and that long term holders didn't feature in his thoughts at all. It will continue like this. More money is needed for phase 1. Don't get mugged again.

Checkricky, you are totally deluded if you think your incessant posting is going to save the sp. Vlad has killed it.

It's frankly astonishing that even in the face of immense negativity, ppp haven't issued an RNS to provide assurance. Why havent they? Is it because they have nothing helpful to say? Its quite obvious the auditors would be external but merely stating that doesn't actually tell us at what stage the accounts are at. I feel we won't see ppp back trading this year unfortunately. This just should not be the case. There is no way accounts take that long. Something is not right at all.

Manifesto has really irked JHFH... Wonder why. God knows why anyone still listens to JHFH and Mr India, total jokers.

Agree LeddachJack

Some of them have 180-200k in here? No wonder they are concerned.

I do hope not carrot. Would make sense though. Something to be mindful of.

Manifesto speaks a lot of sense. Worth considering his opinion.

Dates would be wonderful! Let's see.

Are you having a laugh? It's highly unlikely they will find funding from institutions for phase 1. Have you been asleep?

All smoke and mirrors...

The prevail thing wasn't a real investment. It's shares for work. How much the actual work is worth is another matter. It was all just a rouse to pump the sp for the placing but it didn't work.

Ronnie, good point about the volume traded being significantly reduced.

Davh,

Previously posted by stas20:

See below:

The correct mechanics of the capital reorganisation, focusing on the consolidation process, which is what actually determines the number of shares the shareholder will hold after the restructure.

Correct Breakdown of the Capital Reorganisation:

Current Situation (Before the Reorganisation):

A shareholder owns 400 ordinary shares, each with a nominal value of £0.01.

Step 1: Subdivision:

The shares are first subdivided and reclassified in a 1:2 ratio.

Each existing ordinary share of £0.01 will be subdivided into:

1 new ordinary share worth £0.000025, and

1 deferred share worth £0.009975.

So, after the subdivision, the shareholder will have:

400 new ordinary shares (at £0.000025 nominal value), and

400 deferred shares (at £0.009975 nominal value).

At this point, the total number of shares has increased due to the subdivision, but the shareholder’s total nominal value hasn’t changed. They now hold 400 new ordinary shares and 400 deferred shares, which do not have voting or dividend rights.

Step 2: Consolidation:

After the subdivision, the shares are consolidated on a 400:1 ratio.

This means that for every 400 new ordinary shares that a shareholder holds, they will be consolidated into 1 new ordinary share of £0.01 nominal value.

After the Reorganisation:

400 new ordinary shares (from the subdivision) will be consolidated into 1 new ordinary share.

400 deferred shares will remain, but as mentioned, they won’t have any voting rights or economic value, and they will not be traded on any exchange.

Final Outcome for the Shareholder:

If the shareholder initially owned 400 shares:

After the reorganisation, they will hold:

1 new ordinary share (post-consolidation).

400 deferred shares (which have no voting rights and will likely not be of practical value).

Key Points:

The consolidation step reduces the number of shares held by a shareholder. Instead of having 400 shares (post-subdivision), they will have 1 share after the 400:1 consolidation.

The deferred shares are non-voting and have minimal value, mainly being a mechanism to adjust the company’s capital structure.

Interesting point popeye.