Member Info for TakeAimFire

sharesport, I don't care what you think.
You just copied and pasted "oh theres an AGM" at 17:12
How insightful!

I actually posted facts and tried to make some clarity from the notice.

Agreed Holdlong, I fully expect news to drop soon too.
Things are obviously happening now, and I think next news will be huge!

And resolution 10 b "(b)shares up to a maximum nominal amount of £6,151,427"
It does read as if 10 b does infact go on top of resolution 9 £11,717,003
That's how it reads to me anyway, but like you Paul, I am not a corporate lawyer.

Yes Stokey resolution 9 does, but then resolution 10 takes it away.

How many times have you seen a company ask for permission to raise for example £17m, to then go on and only do a placing for £1m? Are you new to AIM Richemondo?

Stokey, read resolution 10 again.
Resolution 10 is "to dis-apply statutory pre-emption rights"

Shareholders' Special Resolution - Disapplication Of Pre-Emption Rights - CO. ... Under the Companies Act 2006, existing shareholders have the right to be offered shares pro rata to their existing shareholdings before any new shares are allotted. This is called a pre-emption right.

"Also you preume that there will not be an open offer to shareholders or a rights issue which would reduce any dillution."

Resolution 10 is to dis-apply your above statement.

He also declares that he has doubled his holding, because he beleives this will be 5p+ within 6 weeks.

So if I am reading it correctly, resolutions 9 and 10 add up to a placing of £17,868,430.
Against a £105m mcap = 17% dilution.

Full notice here -

https://www.powerhouseenergy.net/wp-content/uploads/2020/09/AGM-notice-2020-FINAL-CLEAN.pdf

Resolution 10 is to authorise the directors to allot securities for cash subject to statutory pre-emption rights in favour of shareholders and to dis-apply statutory pre-emption rights on theallotment of a limited number of equity securities (including new ordinary shares). This authority will permit the directors to allot:(a)shares up to approximately two-thirds of the Company’s issued ordinary share capital on an offer to existing shareholders on a pre-emptive basis. However, unless the shares are allotted pursuant to a rights issue (rather than an open offer), the directors may only allot shares up to approximately one-third of the Company’s issued ordinary share capital; and(b)shares up to a maximum nominal amount of £6,151,427

Resolution 9 enables the directors to allot relevant securities (including new ordinary shares). The maximum nominal amount of securities which the Board will have authority to allot pursuant to this resolution is £11,717,003.

Aquis Stock Exchange - £6k bought to £5k sold.
I would not call that "action".

Crazy that I said 8.5 ish by October
Chart says 8.8 I have a gift! LOL
That is without news though.
On news 12p + easily.

Are you Mr McIvor?

Top man! I will take a look.

I see it mate yep, shows we are just at the start of the upturn really.
So may never see 5.5/5.8 again.
Do you plot your own?

Totally agree, I think you will be very lucky to get any at around 5.8 though.
If you have your finger on the trigger, I would just buy now.
5.8 to 6.3 is peanuts compared with 6.3 to 12/15 ish

I would say we have support at 5.8
But agree with you that 5.5 is the bottom.
I am not Anti-Chartist, it's just charts can't predict news.
News is coming, and I think it's going to be epic!

Had a look at the chart, looks like 8.5p ish in October.
That is my point though, when NEWS lands, this could easily be 12p plus.

Totally agree 5.5 is the bottom.
The risk/reward here is fantastic IMO
With the next update I am expecting soon, we should see double figures.
Double figures in pence that is, not £24 (just for clarity)