||EPS - Basic
||Market Cap (m)
Alexander David Share Discussion Threads
Showing 726 to 750 of 750 messages
|It really is starting to get ridiculous now...|
|By the time you've deleted or avoided the pop up, or shrunk the print size on mobile to uncover the words, forgotten what was looking for. Appreciate afn has to make money but depriving viewers of info is not going to do much good.|
|Have just found this:
02 Aug 2013
New Company Document Available
Form: CERTNM -
COMPANY NAME CHANGED ALEXANDER DAVID SECURITIES GROUP PLC
CERTIFICATE ISSUED ON 25/07/13
New Company Document Available
Form: CONNOT -
NOTICE OF CHANGE OF NAME NM01 - RESOLUTION
Company Name changed:
Was: ALEXANDER DAVID SECURITIES GROUP PLC
Now: MERCER RESOURCES PLC|
|90% dilution not 900%? Will try to work out over the weekend what value is left for the current shareholders... (probably 0.02-0.03p at current pricing)|
|Directors propose that all Preference Shares, Warrants and outstanding Directors' salaries are converted such that that every £1.00 converted, will convert into Ordinary Shares by a ratio of 1:10.63
For every 1 ord - prefs 10.63 ord? - current ord left 10% in total - 900% dilution.
Waffle + right rubbish -|
|New RNS - i gave up reading it half way down. talk about hot air...|
u Barca based ?
if you want to chat about shares over a beer sometime...|
|That makes sense -|
|If the £380,000 is converted at 0.09p this equates to 422m shares. Add this to 743m shares already in issue makes 1.165m . If this is to represent 64% of the new total equity a further 655m shares need to be issued. To raise £200,000 minimum means a price of a fraction over 0.03p.|
|A bit difficult considering caveat -
£200k for 36%
£380k to be converted -
Leaves current equity with ?|
|Considering what? You tell me.... lol
Suppose everybody is clueless.
It sure did not contribute to my better understanding of affairs.|
|That it has -|
|Well share price held up well considering..|
22 May'13 - 16:12 - 298 of 299 0 0
Yeah, well, you know, that's just, like your opinion, man.
lol - do the math.|
|Knigel - No point tbh - It looks like what the dirs. are offering is the only opportunity to save value - whatever that may be but it does look like shareholders will be wiped out -
I suggest u get a 2nd opinion in case I am wrong here -|
|Yeah, well, you know, that's just, like your opinion, man.|
|So shareholders could vote against proposals...|
|Knigel - there is a caveat. The caveat is what level will the dirs. convert their warrants + prefs. If they did it at 0.90p AFTER the capital reorganisation then £380k would = 68.4% and 36% which is clearly over 100% so I reckon it will be done higher - but that then leaves ADS shareholders with virtually nothing. (The caveat will dictate that)|
|Need to do some workings. Were does 0.9p come from when share price is 0.06p? 90% write off of due director salaries and talk of enhancing shareholder value. So we end up with another cash shell on the market?|
|£380k worth of pref warrants on the same scale as £200k for 36% equates to 68.4% which is above 100% - this leads me to believe that pref/warrant value conversions will be @ a higher level than 0.90p -
However - whatever value is left in ADS in its current state looks fairly minimal. Unless someone else can offer another explanation -
The prefs / warrant have taken any value left here once the capital is reorganised hence I will take a small tax loss (which will be useful) for the coming year -|
|£200k for 36% @ 0.90p -
£380k prefs + warrants to be injected - where does that leave current holders? If they converted @ the same levels it would be over 100% and zero value attributed to current equity?
|Anyone done the calcs here?|
|Wait. New investors subscribing at 0.9p so no point bailing (yet)|
|Shareholders well and truly screwed. Being offered 0.03 for mine at the moment!!! Will be keeping to offset CGT at end of year!|
|Yeah anyone could have seen it as a buy at 0.05 just decided not to rant about it.
I knew you bought months ago KNIG, games games games.
It was an easy 100%.|