||ORD 1P (DI)
||EPS - Basic
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Real-Time news about Asia Distrib. (London Stock Exchange): 0 recent articles
|guman: e-mail from ian dated 4/3/11
We are currently preparing an update to shareholders, which will be filed with the SEC in the next few weeks. Once this is filed it will be available on the SEC website, where you can access all current publically available information on the company. The link to the SEC website is below
I also refer you to the Pink Sheets website, where you can obtain information on share price and trading activity
The trading symbol is GBVI.
|tivoliworldgaming: I guess this is equivalent to at least 50p in old ADSL share price terms.|
|tivoliworldgaming: Giving that the price is meant to be above 50p per ADSL share. Do you think the last one out will get more than their money back?.|
does it mean 56p per adsl share?
based on $0.5 and exchange rate of 1.7.|
|lord santafe: Once we have the new shares, they are said to be trading around the equivalent to 50p for every one old ADSL share. That is still less than the performance of quite a few mining shares.|
they MUST give every adsl share holder the same stock (per adsl share) irespective of whether they voted or not.
You own(ed) adsl and they bought it for their stock.
I have talked to tdw and they have no idea when we will get stock and where it will be traded, but they are cr*p anyway.
Note yaraman have also bought another vinyard subsequent to buying adsl.
also the faield drinks america deal probably delayed things.
end of June was their year end, so I would expect things to move a little quicker now. (hope).
I will try to ring the company in the US when they open up, but to complicate matters many US companies take a long break around 4th July.|
|sportbilly1976: The reason behind the 42 cents a share valuation used and referred to in the offer document.
As was announced on 3 September 2008 ADSL entered into a binding agreement to acquire a major wine stock from Shi Xuan Trading (Shanghai) Co. Ltd ('TBC') a company controlled by Timothy Yeo, a supplier of wine and other beverages to approximately 300 HORECA and trade account outlets in the Shanghai area. ADSL had the option to acquire the whole of the TBC business which it now intends to do, with the support of Yarraman. This agreement was updated on 25 November 2008 to enable Yarraman to exercise this option and for consideration due to TBC thereunder to be paid by Yarraman. The consideration for the Enlarged Group exercising this option is the payment by the Enlarged Group to the vendor Timothy Yeo of TBC RMB3 million of which RMB1.5 million will be paid in cash upon completion and the balance with the issue to the vendors of up to RMB1.5 million payable with the issuance of New YRMN Shares at US$0.42 per share, subject to the specified performance targets being achieved in the financial year ending 31 December 2009. Completion is conditional upon the Offer being declared unconditional in all respects, except that, in the event the Offer is not declared unconditional in all respects, ADSL has a pre-emptive right, to endure until 30 June 2009, to exercise its option in TBC for the same cash consideration plus the issue of up to RMB1.5 million payable by the issuance of new ADSL Shares, subject to specified performance conditions being satisfied.
Although, for every convertible share issue which I have seen take place, the shares are issued at a discount to the prevailing share price (as a way to get them to be accepted), and so I am looking at the current pink sheets price of $1.50.
Hence a target for ADSL of £1.88|
|sportbilly1976: the 52.9p a share is based on a 42 cents a share value for YRMN - which was the conversion price for a convertible debt transaction.
It is based on the YRMN SHARE PRICE though - and that currently is $1.50 A SHARE at the moment.
Having spoken to the NOMAd today, the reason for this not being used was the fact that there hasn't been any recent activity in the YRMN shares.
but the offer is 1.908 YRMN shares for EACH ADSL share.
So a traded price of $1.50 will equate to £1.88 a share for ADSL.|
|sportbilly1976: I have rang and spoke to the NOMAD here - Jeremy Ellis.
the 42cent price has been taken from the conversion price of the last trade on the convertible debt, because of the lack of a trade price from the pink sheet shares.
However, he confirmed that the offer would be based on the share price in the pink sheet shares, when they are traded.
So - when the first trade goes through the OTC exchange on the Nasdaq, we should see the ADSL price reflect the traded price over there.
It is almost worth buying a few YRMN shares just to see this one go vertical !! lol|
|sportbilly1976: I am waiting to see what the traded price of YRMN shares is this pm, as this will dictate the ADSL share price here.
Offer is 1.908 YRMN shares for each ADSL share, and the ex rate used in the offer doc is 1.5145|
Asia Distrib. share price data is direct from the London Stock Exchange