Member Info for stephen_pearce

45p is the post consolidation value equal to todays SP of 0.045p The consolidation is effectively the same as 1000/1 For example we end up with 1000 times fewer shares worth 1000 times more.

WRONG!!!!!!!!!!!! Only people with less than 500k shares will be sold. You missed out a key part of the RNS "Unless a shareholding equals or exceeds 500,000 Existing Ordinary Share (and therefore 500,000 Sub-divided Shares), shareholders will be left with a fractional entitlement to the resulting ordinary shares if the Resolutions are approved. Any fractions arising as a result of the consolidation will be aggregated and sold in accordance with the relevant provisions of the Company's articles of association as soon as practicable after the Resolutions are passed." So, Roastys example.. 700,000 / 500,000 = 1.4 1.4 * 500 = 700 shares You don't come across as being thick, so one can only assume you'e purposely trying to mislead this board.

You should get paid back at the current value of your shares ie £135

You need to speak to your broker, as the RNS suggests that anyone with less than 500k that the shares will be sold and you given the money back.

And why the hell are people recommending posts that are totally inaccurate?

And to confirm, the £50 and 10p you see are the nominal values of the shares during the consolidation and subdivision. Same as the nominal value of the share today is 0.1p Nominal value of shares isn't the same thing as the share price on any given day

Not quite right that. 700,000 / 500,000 x 500 = 700 shares @ 45p = £315 His holding should be £315 now But, speak to your broker to make sure of course

So, taking the value of the OTR of £2.165m and our current mcap of £600k our current Mcap should be £2.765m This equals a current theoretical SP of 0.21 p which would/ should equate to a post consolidation of £2.10 Interesting

Post consolidation too btw

In fact, did no-one else receive letters regarding the nomad problems? The Share Centre sent them out warning of the possibility of de listing etc

I don't think that's the case, just that by rounding to the nearest 500k means there cannot be any fractions to lose. You should have 300 shares post consolidation but valued higher of course. Speak to your broker if in doubt, or wait for your letter

And the letter says essentially the same. I'll be losing 139 shares and 892 shares from my original holdings. I might get those paid back as the fractions

You need 250,000 ish, and at 0.1p plus trading fee's, around £260

The fractional entitlement is what could be paid to us for the shares we lose during the consolidation. Unless we have a nice round 500,000 or 1,000,000 etc etc shares, there will be fractions of shares lost, this loss might be paid back to us as cash. And I assume we'll have to pay a trade fee to our brokers.

Oh, and we need to contact our brokers directly to apply for the extras. I assume I'll get another letter about the placing offer soon too

Not decided yet whether I'm going to get any more. Far as I can tell, I won't lose much by fractioning down. Besides, the letter today does say that and I quote "Please be advised that a fractional entitlement may be paid - if this is the case. we will allocate the proceeds to your account upon receipt" You really have 24900 or have you missed a zero off?

Yeah, sat on the mat when I got home. 1 letter each for the 2 holdings I have I assume everyone will get them, mine are dated 4 March.

The Share Centre

So to clarify; Existing holding divided by 500,000 then multiply by 500

Well, just got home from work and I've got 2 letters detailing exactly what shares I will have post consolidation. And as we have the choice to round up to 500,000 there's no reason for any holder to lose out