Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Still who is going to buy 1,744,000,000 at 0.0125? Im expecting a majority of this is going to Antos, with a smaller portion going to BOD's and anyone else who needs compensation for their work in BOU
Problem is Antos is running the show, if he wants to kill the share price in order for him to buy more shares. He will find a way to do it. This RTO will only be a possibility once Antos is happy with his overall holding.
not going to name all of them, simply on the fact i cant be bothered to look back.
1. RNS was released saying there was no reason for the sudden increase in price, next day SP dropped 50% or so
2. News of the open offer caused a drop in share price, i still believe it would have been fully subscribed even at .25
3. The new director, was not the person people expected and they emphasised negative situations with him.
there is one more but i cant remember.
Current share price is mostly irrelevant for the larger share holders involved, especially for Antos when he just wants the largest holding he can get at the cheapest price.
Put it this way nothing is ever certain, but the right people have been "paid off" with shares now. Complications with an RTO may still occur, but too many people have written this share off on the account of RNS's specifically designed to drop the price.
more the fact people have no idea what there doing, a few days ago i was called for being downbeat lol. Pretty sure people don't even read RNS's, or at least have any idea of what they mean.
Additionally, as outlined in the general meeting circular of the Company published on 13 March 2019, Peterhouse Capital Limited has been issued with warrants to subscribe for new Ordinary Shares equal to 3 per cent. of the Enlarged Share Capital of the Company from time to time, exercisable at £0.0001 for up to 3 years from the date of issue ("Warrants"). The issue of the Warrants was conditional on the closing of the Company's operating business, the Company becoming an AIM Rule 15 cash shell and a change in the Company's name, proposals which were approved by shareholders on 3 April 2019 and are issued in consideration of fees owed relating to advisory and fund-raising services rendered to the Company during the last quarter of 2018 and the first quarter of 2019 and which have been largely not paid for in an effort to conserve the cash available to the Company.
no there getting 3% of the enlarged shares, no where near the total shares issued
oh and not to mention the fact, that this is happening a week from now. Ample time for Antos to pick up any additional shares he wants before his tr1 will release.
Pretty amazed that no one is talking about the fact that they were able to sell near 2 billion shares without putting them on the market. Like i said before these shares are here to pay off the BOD and increase Antos's holding. Tr1's will be released on the 31st or the week after. So much for me being the doom merchant. This will play out as i predicted.
If there is no other RNS (positive i might add) before Friday, this share is gonna drop pretty hard. Time to top up for Pi's and Antos. Then when next week comes around a change in holdings will show that Antos has a larger position, and the share price will skyrocket once more. For my own sanity, i am not going to check the share price until Monday afternoon at the earliest.
Good luck holders
Farewell sheep
Just got told by Halifax it could be several weeks, mainly because the money is held by te company register
Sheesh didn’t think they’d be holding on to my money for that long haha
A slight steer off topic, but anyone have an idea when money will be returned to us if there was not enough excess shares to be purchased?
No doubt he wants the listing, but it’s in his best interest to pay as little as possible for as many shares as possible. The game has always been rigged in favour of Antos.
Let’s just hope they really don’t try to crash this share price to oblivion so Antos can wipe every last remaining share for sub 0.0015. End of the day they will have their money from the open offer, other than that they have little use for private investors any more.
It’s actually amazing how people got so scared and still are so scared over a new directors past. Not only that people can’t seem to see past the fact there artificially pushing down the share price with RNS’s that haven’t affected what is potentially going to occur within the next weeks/months. Going to try top up if this keeps sliding down, which by my prediction it has not hit the bottom.
Wouldn't call today a tank, but Friday is a different beast all together compared to today.
still though, if no other RNS's are published between now and the open offer. This share price is gonna tank hard, perfect for any holders wishing to increase their holdings. *Ahem*
Dont want to say a pattern is emerging here, but another rather large trade late in the day
i assumed you were talking about that, but just wanted clarification. I thought someone on this board verified that shares were not forward sold, i don't know who or when this was though so i cant verify it.