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Do we have any evidence that the company does not have the funding to complete the purchase of GSX?
Thanks.
Got it page 7 of Accounts ending 31/12/21. Thanks. Will await 2022 accounts! They have the finance to complete the GSX purchase for the 90% of the exchange, don't they?
Do you have a link to the accounts?
MrMeanMustard, "if RP and PYL hadn’t taken such large salaries". I'm trying to find any evidence of this and in general what their salaraies might be?
What salaries are RP and PYL taking? Is it documented anywhere?
17th October 2022 RNS
1) During the first half of 2022, the Company drew down £2.3m ($3m) from
the $10m drawdown facility announced in January 2022.
2) The Company has also issued 499,796 new ordinary shares of 0.1 pence
each following the receipt of conversion notice for $250,000 in March 2022.
3) The Company cash balance on 30(th) June 2022 was £656,405 (31(st)
December 2021: £1,432,377). In additional to the cash balance in the bank,
the Company has overdraft/bridge loan facilities of £6m available to cover
the requirements of any capital expenditure and operation cost. Previously
this facility had been stated on both sides of the balance sheet. This
re-statement does not have any impact on our Profit and Loss or the net
balance sheet position.
An update within the 1st quarter regarding the merger would be appreciated!
per share held.
I'm suspecting there will be a larger value attributed to the FPP shell, of say £2 - £3m. I still can't work out the maths on what that means for an FPP shareholder in terms of dilution, or end share price per current suspension share price held?
Russia was in Afganistan before the US went in. For both Iraq and Afganistan its the handover back to the governments there that seems to go rather poorly! Putin had set his sights on all Russian speaking areas/countries. Putin had war gamed taking back The Baltics. Putin chose to invade Ukraine, so if you don't step in and stop him there then he will/would disrespect the sovereignty of other countries too.
Was about to say the same. OCTP.
Why did they build such a position in the first place? Was it on behalf of others?
I felt that BOLT did make an effort to engage with GCG shareholders, but the repeated expectations and questions, from some would've been pretty tiresome. I still hope that GCG Board can get the RTO completed. Probably just wishful thinking after so long with funds tied up and was hoping for a rewarding and interesting outcome!
If you are refering to BOLT employees, we are not shareholders of BOLT.
Who on the GCG Board has been angry to shareholders. I was unaware of this?
Unfortunately does look that way. We can only await confirmation from the Board. Would be somewhat disappointing!
Your share holding will eventually be Maxify, once the RTO is concluded. Nothing will show within a broker nominee account, until Maxify is admitted to a recognised trading exchange. However, the newCo may, and I think has, provided details of a broker that can match parties interested in buying/selling. A few recent Maxify Linked in management appointments. Hopefully an RNS soon!
What's the guesstimate for a returning share price?
Completion of Fundraising
Golden Rock Global PLC (LSE: GCG) ("GRG") is pleased to announce completion of
its recent fundraising by way of the issue of convertible loan notes ("Loan
Notes") to Wei Chen, a director, for aggregate gross proceeds of £100,000.
The Loan Notes are unsecured, pay a coupon of 12%, have a conversion price of
3.125p per share and maturity date of 1 December 2023 ("Maturity Date"). All
accrued interest will be settled in cash.
Conversion is conditional on re-admission of the Company's entire issued share
capital to the standard listing segment of the Official List maintained by the
Financial Conduct Authority ("FCA") and to trading on the Main Market of the
London Stock Exchange plc pursuant to the reverse takeover (as defined in rule
5.6.4 of the Listing Rules of the FCA) of BOLT GLOBAL. As announced on 18
October 2022, discussions with BOLT GLOBAL have taken longer than anticipated
although your Board still believes that these discussions are progressing well
and is confident that terms will be finalised and a prospectus published in Q1
2023. Should the Loan Notes not be converted, the principal amount of the
Loan Notes plus all accrued interest will be repaid on the Maturity Date.
On behalf of the board of directors, I thank the shareholders for their
continued support.