| 17:57 24/05/2012 | Re: AGM, special resolution 12 |
| erm £3m By flibble2 |
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| 17:46 24/05/2012 | Re: AGM, special resolution 12 |
| even you arent "silly" enough to think theyre going to get £1m i bet they get over 10x that if they got 195m shares at 6.8p (20% discount on the 8.5p available today) theyll make over £13m on the discount alone then add in the money theyll get from a (now admittedly smaller) price rise there are only two groups of people going to get rich here the landowners the directors wormy you know as well as me that all of this share capital is going to be needed 1m? thats funny By flibble2 |
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| 16:55 24/05/2012 | Re: AGM, special resolution 12 |
| fibble the land is worth less than 1m euros. By sloworm |
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| 16:40 24/05/2012 | Re: AGM, special resolution 12 |
| so there it is landholders to get 195,000,000 shares at 20% discount thats why there is plenty of stock to offload eg500k yesterday, 250k today, never mind the endless 50k's the landholders are currently selling their current holding into any strength knowing they going to pick up even more shares at an even better price then the directors to get a share of an extra 20,000,000 shares for coming up with such a deal, only buying at the price beofre the land deal arent their wages enough for doing their job? By flibble2 |
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| 15:42 24/05/2012 | Re: AGM, special resolution 12 &13 |
| @sloworm . but we don't know for sure that this is the reason for these shares . either way (we may be unhappy that land owners get a good deal) if this is confirmed / true ... huge news ... very positive By Mr0nions |
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| 14:35 24/05/2012 | Re: AGM, special resolution 12 &13 |
| @ Yoda, unless they also stump up with investment cash and we learn who is really behind land owners ! but I agree, Harry is asking shareholder to agree to massive capital dilution By Mr0nions |
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| 14:09 24/05/2012 | Re: AGM, special resolution 12 &13 |
| I wouldn't want Emed offering 20% of the company to the land owners though sloworm!! By Yoda |
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| 13:50 24/05/2012 | Re: AGM, special resolution 12 &13 |
| @sloworm ... was thinking (hoping) the same . However, risk it is just used to pay directors again (which have to be paid) and we keep getting diluted. By Mr0nions |
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| 12:40 24/05/2012 | Re: AGM, special resolution 12 &13 |
| Well spotted Mr O. Whilst the company can raise capital this provision seems to include the possibility of issuing shares in exchange for some other security like shares in another company or land perhaps? I can see it being useful if the company wants to acquire other companies. By sloworm |
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| 10:16 24/05/2012 | AGM Special resolution 13 : |
| AGM resolution, 13, could we please analyse : 13. That, in addition to the authority conferred by Resolution 12, the Directors be and are hereby unconditionally authorised to grant to directors, employees, consultants or advisers of the Company and its subsidiaries, options to subscribe for up to 20,000,000 ordinary shares in the capital of the Company, at a minimum exercise price of the mid-market closing price (as derived from the AIM Appendix of the Daily Official List of the London Stock Exchange) of an ordinary share on the trading day immediately preceding the date of grant, as if section 60B of the Companies Law did not apply to the grant of such options or the issue of such ordinary shares pursuant thereto. By Mr0nions |
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| 10:15 24/05/2012 | AGM, special resolution 12 : |
| Please could we analyse : Special Business: 12. That the Directors be and are hereby unconditionally authorised pursuant to the provisions of 60B(5) and 59A of the Cyprus Companies Law, Cap. 113, as amended (the "Companies Law") in substitution for all previous powers granted to them, to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company ("Rights") up to an aggregate of 195,000,000 ordinary shares in the capital of the Company (representing approximately 20% of the Company's issued share capital) as if Section 60B of the Companies Law did not apply to such allotment provided that the issue price of such shares or the price per share at which such Rights may be exercised is not less than a 20% discount to the volume weighted average price of the Company's ordinary shares on AIM for the ten trading days immediately prior to the issue of shares or grant of Rights. Such authority shall, unless previously revoked or varied by the Company in a shareholder meeting, expire at the conclusion of the Annual General Meeting of the Company to be held in 2013 provided that the Company may, at any time before such expiry, make an offer or enter into an agreement which would or might require shares to be allotted or Rights to be granted after such expiry and the Directors may 28 allot shares or grant Rights pursuant to any such offer or agreement as if the authority conferred hereby had not expired. By Mr0nions |
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| 23:41 23/05/2012 | Re: Does anyone know what's going on? |
| Ok, someone at ii is copying my posts!! I wrote on Tuesday afternoon on this bb about the UK's lack of exposure to Greece but it being higher to other countries who have a much bigger exposure to Greece, Ialso mentioned the UK could become a safe haven within Europe. Now ii wrote this report this afternoon!!  http://www.iii.co.uk/articles/36122/three-ways-uk-will-be-affected-greek-exit LOL!! By Yoda |
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| 22:20 23/05/2012 | Re: another day another drop |
| Anyone keeping an eye on AQP that's a crazy price , some say so is Emed . AIM what a con . By Ace08 |
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