Member Info for Teotihuacan

This is what the RNS of 27 October says:

"As part of the Liquidation it is proposed to distribute the Greatland Shares and the Ariana Shares as distributions in specie to the Shareholders, together with the surplus cash that remains in the Company, once its creditors have been paid.

Based on the current holdings of Greatland Shares and Ariana Shares, the Company believes that Greatland Shares will be distributed in a ratio of approximately 1.33 Greatland Shares for every one share of the Company and approximately 0.199 Ariana Share for every one share of the Company. In the discretion of the Board and the Proposed Liquidators, some of the share portfolio will be retained as necessary to ensure that there is sufficient cash to pay creditors and meet professional fees. This may affect the number of Greatland Shares and Ariana Shares to be distributed.

Notwithstanding any other provision, Shareholders will receive a whole number of shares and no fractional shares of Greatland or Ariana will be issued. Shares of Greatland and Ariana that remain after allocating through this procedure will be allocated by assigning one additional share of Greatland or Ariana to individual Shareholders in an order determined by the Board, until all such shares are allocated."

Resolution duly passed, RNS @ 12.39.

HL did this morning.

I thought you were referring to the Five Diggers holding. Apologies for the misunderstanding.

Thanks both for the explanation, appreciate it.

So, from memory, they had roughly 146 million shares. If so, they've sold around 7 million shares. With volume being low would that be enough to keep the share price down?

Should have written:

"Re: Fall in share price"

The question is:

"Could this be related to the possible sale of shares by Five diggers (RNS 14/7/22).

- a two-year restriction on dealing with the Greatland shares to be issued to Five Diggers Pty Ltd, comprising:

- 12-month lock in, which prohibits any disposals of the shares in this period, subject to carve outs (such as recommend takeovers), plus

- a subsequent 12-month orderly market arrangement, requiring that, during this period, the shares may only be traded in consultation with the Company's broker and through the Company's broker (subject to customary carve outs)

(Acechaser thinks so!)

If it is, is there any way of knowing how far they've got with their sell-off?

Hawi - Thank you. I have it more or less clear now. PTAB = validity of patents. Court = issues of infringement + damages etc.

Have I missed something? I was under the impression that Samsung had agreed to whatever PTAB ruled on the patents. So any court proceedings would have to deal with other matters, whatever they may be.

OK, thanks for the reply. I will continue to look into ways of investing in PMs.

Hi Speedie -
I just looked at the Goldmoney page (in the FAQs section) about what they call Prepaid Cards. Is that the same as what you called their Debit Card? According to the FAQs, Goldmoney is discontinuing their Prepaid Card service this month. If it's the same service, do you know of any alternatives? Another question that I can't see an answer for is where is the gold/other PM actually stored? Thanks in advance for any info.

The LinkedIn page has a link to the Petroteq release, 24 September:

https://ir.petroteq.energy/press-releases/detail/362/petroteq-energy-announces-it-has-overcome-covid-supply-side

LL is a mischief-maker, with nothing to contribute. Quite simply, a troll. Best to ignore, filter and not to engage or otherwise comment.

That should have read "dummy sell" of course.

You have to do a dummy buy, last time I tried, the sell price was 19.78. Still not selling though.

You can sell on HL now, 19.82 for 100,000 when I last looked. Not that I'm selling.

That would be paying them attention, so not suitable.

OK, thanks.

Does anyone know whether posters who are filtered get to know that they are filtered, i.e. by a message from LSE?