Member Info for Ssccss

"Here's the RNS for the transaction leading to Tom loaning the shares:

https://www.lse.co.uk/rns/PPP/placing-and-subscription-to-raise-16315-million-swyhrh37kx9w1mj.html

Note this paragraph:

"Under the Stock Lending Agreement 41,525,325 new ordinary shares will be issued to the Lenders as soon as reasonably practicable subject to compliance by the Company with the UK Prospectus Regulation, the Listing Rules and the Company's dealing policy. The Company undertakes to make the necessary listing and admission hearing applications to have those new ordinary shares admitted to trading."

That hasn't happened yet, but will once PPP re-lists.

Between this and a subsequent placing PPP needs to issue a total of 48,726,195 new shares according to the last couple of paragraphs of the annual report"

This makes no sense to me. You are saying ppp will issue Tom 41m shares to pay back for the loan, irrespective of the sp? There are current roughly 110m shares in circulation, so you are suggesting Tom will hold nearly 30% of the company afterwards?

Oh yes, I remember seeing something about settlement of share issuance...

Very informative delta lol. I'll look myself later.

Was it related to the £10k outstanding?

I know you are enjoying yourself delta but would you care to enlighten us because I'm on my phone right now and trawling through RNS is not very efficient.

Have to say I was surprised they did the placing down here. Especially after getting loans when the sp was higher. All a bit daft in terms of financial management IMO.

Tiger, you have spouted that Tom has 5m shares repeatedly. You mislead yourself because you didn't bother to check.

"A significant increase in production and cashflow from the work program is anticipated from Q2 2025 onwards."

Is that the beginning or end of Q2 2025 onwards?

I actually agree with GW. I do feel it might drop more as we wait for Q2... Which could slip into Q3/Q4 knowing syn

You're rambling Tiger... Are you sleep typing?

*rather

The sp is probably likely to do better if people are anticipating good news rathar than if we get news and then come out of suspension with low likelihood of imminent news. Dry news periods are never good.

Let's hope it's by the end of this week, because as it gets towards a 4 month suspension, that's just totally outrageous... A third of the year not trading.

Yes, I'm hoping all the work Roland has been putting into CCS is going to start paying off... They need to show progress.

Maybe see if it goes any lower Gordon. Hard to call.

Sorry elegance, I was being lazy

agree, makes no sense why website not completed. looking like a **** show tbh.

Gordon, if you average is 13.5 and it's 5 now. That's nearly 200% higher. Buying now would have a big impact on your average. Check the figures out. Just saying... Not trying to encourage you.

Anyone want to hazard a guess as to how long the money will last?

I wouldn't stay stressed. Concerned more like and annoyed because I was about to leave the house for a run when I saw the RNS... Haha.