RE: New investor12 Jun 2025 13:12
Hi Mike, welcome!
It does happen but rarely when a director pledges shares (for me I only know of here (main market not aim), PPP a few years ago (main market not aim) and recently EUA (AIM). But I agree this is acertainly one of the reasons i have been happy being here since IPO (and more so in the last few months).
Good question - I also want to know when the price was agreed - if as suspected a good % of the placing shares have been forward sold (printed end of days monday tuesday and yesterday) then this means the price was agreed prior to the MENA news last Friday. If the price was agreed close of play Tuesday then would then be what a 25% discount but then what of the delayed prints (totalling £249k, then a £23k print yesterday - both printed before the placing news). I am waiting to see what late trades are printed after close today as well. If they have been forward sold then we won't get aTR1 as it'll be below the 12m/3% threshold (ish). Regarding the placing - it was specifically to advance the MENA deal and project, at least that's what the RNS yesterday said, rather than general '£3m loan to keep the lights on for the foreseeable'.
OO. I read on Linkedin the preIPO should have been completed/aim to have been completed by the end of May. However as it's a private company I don't know if that is completed because they aren't required to divulge it. it was suggested the preIPO needs to complete before the OO Acquisition could go ahead (because you need to get a e.g. public valuation to see how much 49% of that acquisition is actually work, I think). regarding timelines, Howard White's interview on Friday stated that revenues were imminent, and the OO acquisition was progressing.