Member Info for The.Italian

could well be right bignose.we shall see. but it does look to me as though it is moving to a situation where mellon in his various incarnations, will own getting on for 60%.not expecting much take up from placees. just my opinion.

morning bignose.exactly right.it was poorly worded. perhaps they were actually embarrassed and unable to devote their full attention to achieving appropriate clarity! lol.on a serious note,it was a very poor response by existing investors,which is going to make the next pieces of news even more relevant and revealing.

interesting post, Kdonkey. thanks

completely agree RWT2.also remember,no clarity on whether New Agrarian company shares any of these fees or whether it simply gets the benefit of the "advice" for which we pay. disclaimer.no longer invested here.out with a modest profit as wary of how things are developing.

sorry for the numerous posts,but just to put things in perspective,now we know how many shares are subject to possible placing, we can see how many shares need to be placed to prevent galloway taking up its maximum possible entitlement. 1,803,487,733 shares are available for placing. galloway can take a maximum under the underwriting agreement of 1,569,771,046. so if the placing agent places 233,776,687 or less, galloway will get the maximum they can and mellon and associates will end up with over 59% of the total issued capital!

sorry all, im getting my time lines mixed up. although tomorrow is the last day for the placing agent to place shares, we won't know the results until next week ,the11th. so no exciting news tomorrow.have to wait till next wednesday.

evening bignose.ive had a look at the figures and whilst this may not deal with all your queries my take on it is as follows. the figure in yesterdays announcement of 24.87% includes the shares being taken up by mellon galloway and indigo pursuant to the irrevocable undertakings. the figures are mellon 403,806,071 galloway 77,082,353 and indigo 25,791,905, which total 506,680,321 or 21.11%. the balance of 90,179,820 were those taken up by non mellon related participants and was 3.76% of the rights being offered. so 24.87% have been taken up so far, leaving 75.13% to be offered by the placing agent. the total number of rights being offered is 2,400,347,881. the larger figure of 2,468,728,881 mentioned in the original (and the following announcement) was the maximum that might have had to be issued if all the options outstanding at the announcement date had been exercised before the issue went live. none were exercised in practice, so only the lower figure had to be made available in practice. i hope what i'm saying is correct, (i think is )but i agree that they don't go out of their way to present things in a particularly clear way.apolgies if I've missed any of your points,or are telling you things you re already clear on. hope it helps.

evening keith.thanks very much for your kind remake.not sure they are really deserved, but still very much appreciated .i reciprocate your good wishes for 2023 and continuing in the spirit of hope it's possible that tomorrow could be quite interesting.it will bring the first indication of whether there is any appetite amongst the wider investment community for the rights shares. the placing agent is trying to place 75.13% of the total rights on offer. now if we get any indication of any appreciable interest from the professional investing community it could, perhaps. be seen as indicating potential good news in the pipeline. now i appreciate that investors can have a variety of reasons for participating in placings and similar offerings (the wheels within wheels etc,to which i referred yesterday) and nothing should be taken at face value, but if i were a placing agent and was aware of possible good news on the horizon,i imagine i would use that(so far as consistent with the insider dealing rules of course) as an inducement to participate. so if we do get any indication of such interest i would be modestly encouraged.im not really expecting it of course, (my guess is they will struggle to place more than 10% or so of the placing shares on offer,but that's just a guess).

morning bignose.i did indeed spot the typo,but i knew what you meant.yes,i had a wry smile at "pleased". I've only had a broad brush look at the figures so far and my conclusion was that less than 4% of the issue had been taken up by non mellon affiliates.my recollection was that the irrevocable undertakings accounted for over 21%,leaving less than 4% for independent parties.not really a surprising figure given the current s/p,but hardly a basis for being pleased.i will happily have a more detailed took at the figures in light of your specific queries,but it will probably have to wait till this evening ,as i believe mrs italian has a number of domestic post christmas tasks lined up for me today. oh joy! will let you know what i think in due course.

afternoon bignose.first happy new year to you and mrs b. i full endorse your wishes for 2023.agree they will probably struggle with the placing,although i suppose there are "wheels within wheels"or something of that sort in these situations,so perhaps the brokers will be calling in some favours.anyway all will be revealed shortly.interesting to see if the result of the issue is followed fairly promptly by news on the trial front etc.

75%.https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0103/2023010303415.pdf haven't tried to analyse it yet,but pretty poor response.they don't even post it on the announcement section.had to go to main exchange to get it.guessing there won't exactly be an enthusiastic uptake by placees.

should see the first indication of how the rights issue has fared with the general PI investors. guessing not too well.

dg221 completely agree with your 8.41 post.spot on imo.

all perfectly clear bignose. no one could blame you, or any of us, for being thoroughly disillusioned with what has gone on here.perhaps 2023 will be the start of some more positive developments.

morning bignose.thanks for the update.yes good news. wonder what else we will hear when the apparent news embargo is lifted after rights issue concludes?

glad you had a good one.

morning bignose.all very true im afraid.my expectations here have,shall we say,moderated somewhat over the years,particularly the last couple.we shall just have to see how it goes.anyway,I've had very good christmas and at my age that's the most important thing TBH.fingers crossed for 2023 as always!

hopefully bothwell! best wishes for 2023.

appalling!

yes, I've been keeping an eye on it,but haven't checked for a day or two whilst our exposure now is much reduced(just the options now isn't it?),hopefully it will give us a small cash benefit in due course.also,once the options have gone,it will relieve the bod of what has no doubt been a full time occupation and massive burden of curating (appealing expression) the legacy asset! lol.