|yesterday 08:55||mortimer7||There will always be opinions that a better deal could have been
transacted, however my thoughts are this is OK:-
Paragon needed funding to get to stage 1 production. Obtala either
provided their share of that or faced dilution, now that problem
has been sidelined. Paragon SP has been declining over the
Obtala now have more cash to fund core business activities, which
are producing... read more...|
|yesterday 08:13||beeks of arabia||....but also implies they still need funding for OBT or why sell
PRG off so cheaply or at all?
Frank seems to have a record of selling off the company assets at a
discount to fund OBT. The last update we had said we would be
tomato millionaires this year!
I don't like this at all. read more...|
|yesterday 07:41||tadtech||So OBT receive £1m now and a possible circa £2m by year
end, they then retain approximately 9% of Paragon.
There could be decent upside from Paragon once mining operations
start up so OBT still retain exposure to PRG with 30m shares if the
call option is exercised which it most likely will be.
Given the illiquid nature of PRG stock it looks like Frank has
pulled off a pretty good deal here... read more...|
|yesterday 08:14||multibagger||Scolaro has attached greater weight to the opportunity cost /
returns....OBT has higher margins as far as we know. Makes sense to
invest in OBT and generate growth and returns.
|yesterday 07:56||greedfear||Hm. So taking a 50% loss on the loan. A loan that has been made
convertible at a discounted price (dilutive). A call option granted
on almost 20% of PRG shares with an exercise price lower than
Do not really understand the optimism as the deal seems to imply
that PRG isn't undervalued or more importantly the agri business is
draining cash and OBT needed to sell PRG loan/shares at... read more...|
|21 Aug 2014||mark10101||Cb I am happy to wait in any share if I believe there are reasons for the delay which will prove favourable. It is all part of the game sell up if you feel there are negative reasons for the delay. read more...|
|21 Aug 2014||beeks of arabia||You could always complain loudly on the internet, of course.
Oh, wait. read more...|
|yesterday 08:32||ileeman||OBT still hold a stake with Philip Manduca on the board...can only
a good thing.
Hopefully get an update now :P read more...|
|yesterday 07:58||the librarian||That covers it well Tadtech and is what I managed to work out when
I read the deal for the third time :).
|yesterday 07:14||snurkle1||Good news!!
Now this is out of the way, I'm sure we can assume an update of the
Agri business will be given soon.
This immediate cash injection will put us very firmly on the road
to an amazing agri company. Will buy some more today!!