Member Info for SteJSteJ

You seem to ignore the reality that significant funds have been raised at a premium to current share price. Whilst it is unusual, it is happening here.

I did state "IF the company is successful" when I said the conversion would be almost guaranteed. You wouldn't sit on 5% interest when you could exercise and sell for 10x +.

Any in the money option (be it a call, put or conversion) is likely to be exercised when it is deemed better than holding the option (be that things are going to go up or get out before they go down).

@Occam. But the dilution from loan conversion is finite and known. In the event the company is a success, it's pretty much guaranteed to happen. Smorris makibg a drama out if it shows either startling ignirance or deliberate trolling.

Your "math" only applies when shares are issued below the current SP (like with the loan conversion). If shares are issued at a price higher than the current SP (as has happened in the funding rounds) the SP would increase.

Dan is suggesting that, whilst suspended, the funding rounds continue at abive current SP, hence upon relist, there would be an increase.

There is no current intent to issue $100m @ $0.10, the last issue was at £11 or so. So statements like "...wipes you out" are clearly ill informed for the actual situation at present

But the companies aim is raising funds with hbw at a premium to the SP, which they have had some succes with. There is no indication of that level of raise at that discount. Your point seems to be scaremongering.

The conversion of loans to shares was known about. Smorris is a troll

Just filter and ignore MrTwisted. They never have anything of value to add

Smorris, go back to the troll school. You aren't very good at it

Ignore the broken record

SMorris, you need to go educate yourself. The potential conversion of these notes is known about and has been known about for years.

Must try harder with your trolling next time

We know what we know and can discuss that. What we don't know, one can only speculate. What we don't know might be great, it might not be, but no one can say for certain either way (although one side of the "debate" seems very sure it's very bad).

The fact the company was approached as opposed to putting itself up for sale suggests there is something of value there, so those saying it's worthless do sound foolish.

The fact a sale didn't conclude quickly also suggests, to me at least, that the value in the ground is of a significant figure. Otherwise, a sale would surely have completed or the buyer walked.

Apologies, I misread. Correct, it reduces the debt

Interesting. Any assessment?

Gives the company more funds

Not the greatest analogy, as Luton haven't set out a plan to try to win the PL.

I'd say the analogy is more like a Liverpool supporter being hopeful, given the clubs activity in the transfer market

Yet the RNS also states the suspension is due to difficulties getting the accounts audited.

Suggesting the delisting is for any other reason seems fanciful.

Brand new account spouting FUD? Just report and filter. No point engaging

What part of it are you interested in?

Wolfie is just a perennial irritant. Much like B1ll and others.

Just filter and ignore

Still no answer to very simple questions I see.

@Lenoman, it's a shame you can't report posters whilst filtered.

Whilst it would be nice if they would go away, they seem rather persistant.

You are failing to answer a simple question.

If you have issues with the laws, why are you not informing investors in other companies that it applies to too?

You only post on here, and it's always something negative. You lurch from one conspiracy to another.

Why do you have such a vendetta here?

Why aren't you sharing this "revelation" on other miners in Russia discussion boards?

Why didn't you raise this at the AGM?

When your friend told you to "get out" did they really mean from EUA or did they just want you to leave their house due to your conspiracy theories?

Probably best you ask the company directly there

So why aren't you posting this on all the other miners boards?

These laws have been in force for a long time.

If Russia just nationalised things all the time, then no one would ever do any exploring.