Member Info for TallPaulNY

A new CEO will show confidence…….I wonder when they will “announce “ the name?

Yes, but it has to be formally submitted. They have to do ANY calculations and be SEEN to have a directors discussion as per the RNS. Anything different and I will smell a big rat!

90 mins to do this? Hmmm.

I would imagine that RNS cannot be submitted after 5.00 pm today (when the auction closes) as Stock Exchange will be closed.

So if there is Result RNS tonight or sometime tomorrow morning we will know the outcome is a set up.

If it comes after lunch Wednesday, then I would have some confidence that the auction has been handled correctly.

If they get more than 8 million bids, they will have to do the pro rata calculation which cannot be done till all bids are in.

Then there is the Board “discretion “ discussion …….

Its 8 million because a million were sold at 12p

Let us say this goes w ell and the board decide to allocate at say 20 pence.

We then have:

100 m at 9.55p

11 million at 6p

1 million at 12p

8 million at 20p

What is the price going to SETTLE at once we relist?

Thank you Sharebel. Some calm.

Most of the shares were suspended at 9.55 pence, then we had placements at 6 and 12 pence.

We now have up to 8 million more at lets imagine 40 pence ….ha ha

What would the re list average price be……10 pence?

Don’t get too excited….do the maths

Yes, a new CEO will be the key to trading again. Will it be someone with links to GV? Once the deal is up and running, they won’t need to be much more than a bean counter.

P/E of say 10. That’s £3 a share

So what happened to Lenigas’s options?

Https://www.lse.co.uk/rns/PPP/directorate-change-6wc87je8vv84dnn.html

If it goes well (he will know around 5/6 Jan) he will give notice (4weeks) of AGM where audited accounts will be presented taking account of this raise. Return to trading soon after?

March 23

An incentive options package for Mr. Lenigas of three million options exercisable at 7.5 pence and three million options exercisable at 10p (both with two-year exercise terms) will be put to shareholders for approval and be subject to regulatory approvals if required.

Approved Jan24? No website to check….just says all approved

Will this be announcement of AGM?

We only have about 8 million headroom for raises. Maybe raising this headroom will be an item on next AGM agenda which needs a months notice of course.

A million went with the 12p raise done by Evans for his friend Jesse on Telegram

Https://www.lse.co.uk/rns/PPP/notice-of-annual-general-meeting-sae0vh2thffuujn.html

Nothing on here re options……..And of couse no website..how convenient!

Result of AGM JUST SAID RESOLUTIONS PASSED

March 23 RNS

Lenigas joins.

“ An incentive options package for Mr. Lenigas of three million options exercisable at 7.5 pence and three million options exercisable at 10p (both with two-year exercise terms) will be put to shareholders for approval and be subject to regulatory approvals if required.”

Did thes options go ahead. Did Lenigas bring in Lunn to sort out the mess and see some return on these options? Maybe it aws all too confusing even for Lenigas given what went on before he arrived as pointed out by the excellent posts below. Thanks Gord and delta. Will he want a share price of at least 10p?

Affrm. Heard anything from Evans yet? Your Telegram admin has closed the site down for 2 days. Oh to be one of the privileged few……..

The RNSs Affrm………the RNSs remember?

Too true Steve. My money is with Lunn. …….It has to be.

Merry Christmas everyone. Turkey and booze awaits!