Member Info for YingTong

I do see some irony in that statement given you regularly (and reasonably) say words to the effect of "they have officially stated something, they are obliged. They are professional people doing their best".

In this case they state:-

"In the event that the Proposals do not complete, the Acquisitions, the Placing, the Debt Restructuring and Admission will not take place (although the Share Consolidation will still be effected). In such circumstance, the Company will remain unlisted and will seek to re-negotiate terms with its outstanding creditors and source alternative funding sources and only once these are complete, the Company will commence the process of identifying a new target acquisition.".

Whether or not they actually bother meeting their legal obligation is a different matter of course. There are theoretical consequences, but in practice no shareholder is going to bring action.

The consolidation was not conditional on the fund raise and listing, so ot is not certain that will also be the listing date (but fingers crossed it is).

Appears the bought it. (Thinking about ot if he were a baron he would be David Lord Stevens not Lord David Stevens).

LA, I was merely responding to SBPs mention that they are not in the lords register and that is not definitive.

Not all Lords are eligible for the upper chamber.

Very true wookie. Whilst it is unpalatable the fact remains that nuog had become insolvent many years ago and was only carrying hope value until that ran out.

Taxi was quite right. Existing holders are, in effect, getting a 23% free ride in a new venture.

Apologies taxi, I thought you were querying what the ticker was tended to be.

GGS taxi.

Are you sure you have read any of the announcements.

"The Company is pleased to announce that all resolutions relating to the Company’s proposed acquisition
of Guardian Maritime Ltd and Guardian Barriers IP Ltd (together “Guardian”) were approved by
shareholders at its General Meeting held earlier today in London. Closing of the transaction remains
subject to completion of the Fundraise and admission to trading on the Standard Segment of the London
Stock Exchange, under the name Guardian Global Security Plc (LSE: GGS.L), on or before 24 January 2022."

There is nothing showing on the stock exchange.

I think you are probably wrong on the unpaid geologist. He did post for a while on the ii board and did identify himself.

Smith has a substantial position, for which he paid a lot more than it is worth on a relist at 1p. Even with 100k salary it is couple of years to kake himself whole unless there is decent recovery in sp.

So you are quite right. He os strongly motivated to oeep it going and you uave 23% of something (maybe less if they end up raising at the bottom end of indicative).

That is much better than 100% of nothing which seems to he the most likely alternative.

The latest official info is Early Feb. That is the companies stated intent.

Their disqualification as directors as a result of the insolvency of one of their previous ventures. A major creditor was the bank operating a factoring service for said company.

This would tend to have made it difficult for them to arrange any financing.

I suspect that the Stevens hostorysy have been part of the reason too. It may have made sale and leaseback difficult.

If they do move to a lease model I eould expect sale wnd leaseback (to receive revenue quicker) at least in the shorter term otherwise there will he too much scarce capital tied up.

Over time though that should change.

wookie, part of the future plan is to use some of the fundd to manufacture into stock. Then ship these to various locations (I guess they will need to find these and agree terms). They also plan to have personnel on uand for installstion (again find eilling bodies and agree terms).

This does suggest they may be trying to move to some sort of shorter term fuller managed service.

There will he difficult logistics with small scale, but it could he an attractive proposition for ship owners.

Jarem,

For what its worth the existing equity is approx 110m new shares.

If they place at 1p it's 23% of the initial equity. At 0.8 it's 20%.

wookie,

It will he interesting to see the final details of what they place. They have the right (now) to place at any price and the quantity is merely limited by the nominal capital value of the total placed.

I think they are struggling to get it away at 1p. The lowest indicated was 0.8 though there is nothing stopping them going lower.

Of great importance is getting the entire 2m. Their entire plan is predicated on the 386k left over from that.

Whilstvit may feel like your potential money "is not good enough" you could always ask novum for participation. An issue with an IPO to public is it is much tighter regulated. Consequently much more expensive.

The idea of a few institutional holders in effect pulling the strings is frankly, in my view, a complete fantasy.

There are very few funds whose compliance would allow them to go near something with a projected 5m cap. Certainly not in size.

Hopefully they will get it away. But they are clearly struggling.

A more careful reading of the resolution, the name change was not conditional on listing. No admission as of yet, and no details of placing success or otherwise.

Whilst no noise has been made from compant and it is not listed on upcoming issues .....

It looks like they have succeeded in their raise:-

https://find-and-update.company-information.service.gov.uk/company/06370792

The PLC name has changed and this was by resolution and also conditional on listing. This implies everything should still be happening Monday.

It certainly was the case about 10 years ago that Somalian pirates ran as collective organisations splitting the spoils (ransoms normally). This is all but eradicated with the general improvement in the security situation in the region.

Some current stats are here. https://iccwbo.org/media-wall/news-speeches/gulf-of-guinea-remains-worlds-piracy-hotspot-in-2021-according-to-imbs-latest-figures/

This doesn't mean it isn't a theeat. It is a very real one. It is just that tje measures which are actively taken are generally fairly effective both in terms of reducing the instance of attenpts and also in terms of improving outcomes in actual attempts.

If ot does get to 50p it seems fair to expect rhe warrants will have been exercised and rje Stevens will have got 200m shares in settlement

A total of over 800m.

A market cap of 400m compared to where it is around 1m would be quite the move.