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@cruickie1- reread what I wrote. I’m not even talking about the price monitoring extensions yesterday.

Everything I’ve read on RTO tells me that a Reverse Merger is the same thing as an RTO.

Thanks. Just wanted to know since they had up until 21st May 2020 to take them. Busy week. 3 RNSs 3 days straight. Things moving along quickly now.

Is the 1,744,000,000 shares coming into issue 31st May anything to do with the shares of 1,759,632,974 that the BoD could take up to, mentioned in OO RNS? I think it’s mentioned in Resolution 1.

The RNS does say “additional”, so I would yes. Can’t believe it’s a bank holiday on Monday again lol

@applegarth that’s my thinking also about Allan’s appointment. I believe it maybe only temporary to facilitate the sale of PSL and complete RTO.

If yesterday’s RNS is to be read that all share holders took up their Basic Entitlement, then Antos took up his 758 million shares. So I believe he won’t be diluted. It’s the remaining Excess of 603 million something that’s in question of who gets what percentage of.

update as of 27th April shows 4,484,456,001 shares that are being held when you add them all up. Results from Open Offer shows qualifying shareholders as 4,728,236,705. Deadline for to be a qualifying shareholder for Open Offer was 30th April. So that must mean there's been an extra 243,780,704 shares bought between 27th April and 30th April.

@Jace86- noted & thanks for future reference.

That’s how I read the £6 million part too. The OO only requires to raise something like £600,000 or there about a if I’m correct.

Antos doesn't want PSL as in what it does or used to do. It has no assets anyway. He's made an offer of £1 for it because he only wants the structure (shell) that's left in place via cash shell, BOU, to complete rto. You're saying that cash shells come with a price tag of £6 million and that sounds expensive, BUT if you do some research online, it's more expensive to list a new company from scratch and takes years to list a new company from scratch which is why Antos is making a move for an RTO here. Objectively speaking, an RTO can't be as expensive to pursue as listing a new company from scratch.

Allan was brought in yesterday to help facilitate this move and proceed to next stage "Strategy of the Company". PSL needs to be liquidated from what I understand and Allan has experience in "managing strategic change". Yesterdays RNS deliberately oversubscribed the word "liquidate" and had a lot of peeps spooked. They then casually add in... "The Company also announces that at the General Meeting of the Company held earlier today all resolutions put to shareholders were duly passed" lol

I believe you’re right on folk miss understanding today’s RNS. It had me for a moment until I felt a similar setup being played out with RNS mid April And the share price plummeted, but today’s dip and then buy ins were telling.

I'm highlighting some points here and wouldn't mind some input from others on what they think...

From 01 May 2019 RNS "Open Offer, Notice of General Meeting and Disposal"

6. Disposal and related- party transaction..."The Company has since received an offer for £1.00 (one pound sterling) for PhotonStar Technology from its Substantial Shareholder Mr Antos Glogowski (the "Disposal")."...AND..."The Disposal is conditional on the passing of Resolution 2."

2. Strategy of the Company..."The Company's strategy is to acquire a substantial business that is seeking an AIM quoted platform....The Company has already met with a number of promising potential acquisition targets and whilst no guarantee can ever be made to the execution of a successful reverse takeover, it is the Board's intent to identify and execute a reverse takeover in prudent haste."... AND... "As announced on 9 April 2019, I (Johnathan Freeman) had intended to leave the Board of Directors by the end of April 2019. The Board are in discussions with a replacement Director and consequently I have agreed to extend my tenure to allow this process to complete."

So we've taken up our Open Offer entitlement, had the GM and Antos has been identified as the Disposal in the OO RNS dated 01 May 2019. Does the company need to mention if they've received an offer from anyone else?

Going by today's Carry On RNS "Directorate Changes and Result of General Meeting", Allan has come on board as the replacement Director for Johnathan that's talked about in the OO RNS from 01 May 2019 and from what I can read from it, to talk "Strategy of the Company" with "The Disposal" Antos.

Or am I missing something? DYOR

I don’t understand the Trade Price being 0.035, but current ask is 0.031. The date is today as well.

how that dip didn't last long. Cheap shares!

Apologies for any confusion there lol I just think it's interesting there's been some recent activity with Coeur Gold Holding from around the same time that the OO RNS was issued on the 1st May.

Not 500 million in the cash shell itself. Coeur Gold Holding, the company, has filed a statement of capital (share capital) for 500 million shares. Why is it doing this is the question?

@madchatter https://beta.companieshouse.gov.uk/company/11435499/filing-history They have applied for 500 million shares for the company, Coeur Gold Holding (02 May 2019.)

1. "On 13 March 2019, the Board announced that it had reviewed PhotonStar Technology's current trading and believed it was appropriate for this subsidiary to cease trading and for the business to be closed down. Shareholders approved this at the General Meeting on 5 April 2019.

The Company has since received an offer for £1.00 (one pound sterling) for PhotonStar Technology from its Substantial Shareholder Mr Antos Glogowski (the "Disposal")."...From OO RNS, Strategy of Company section.

2. All Resolutions Passed...From OO RNS, 21 May 2019.

3. Coeur Gold Holding applied for 500,000,000 shares. Check Companies House Confirmation Statement dated 02 May 2019 (but written up 01 May 2019, the same day as OO RNS)...Why have they applied for 500 Million Ordinary Shares??

Also, consider checking out Companies House- Coeur Gold Holding, 02 May 2019, Statement of Confirmation- 500,000,000 shares...why?