Challenger Acquisitions Share Discussion Threads

[zxie] 29/10/2020 16:01

News in more time

[zxie] 29/10/2020 16:01

Challenger Acquisitions Limited (LSE: CHAL) announces that it has agreed with Cindrigo Limited ('Cindrigo') that the Longstop Date for the satisfaction of the conditions to the offer (the 'Conditions') (the 'Offer') made by Challenger to certain shareholders of Cindrigo Energy Limited to purchase the issued share capital and to be issued shares in Cindrigo Limited, that such shareholders will acquire pursuant to a plan of arrangement ('PoA') being pursued by Cindrigo Energy Limited in British Columbia, Canada, shall be extended from 30 October 2020 to 31 December 2020.

[zxie] 28/10/2020 22:24

2019 Cindrigo is trying a $10 billion listing in Canada and USA how about the valuation?

[zxie] 28/10/2020 22:10

Chal 415000000 shares consolidation will increase by a factor of 266.7609 but the aggregate nominal value will remain the same. Now Chal 1554307 shares Market cap£0.54M. Sorry I only do preliminary statistics

[zxie] 28/10/2020 21:54

Growing companies calculate differently. I hope Chal listing is successful. Cheers

[zxie] 28/10/2020 21:45

£490,613,945.92 That's the current valuation £34 per share Cindrigo 146,572,394 + chal 1554307=14826701 value 5 billion pounds

[two_hearts] 28/10/2020 20:15

* Danir AB

[two_hearts] 28/10/2020 20:13

Daniel AB payed $6 per share for a 33% ownership in Cindrigo, back in July 2019.https://www.newsfilecorp.com/release/46545/Danir-AB-Makes-Further-Investments-in-Cindrigo

[zxie] 27/10/2020 22:44

To allow the above-mentioned Relevant Securities to be issued by the Company, the Board is proposing Resolutions 7 to 9 as ordinary resolutions and Resolution 10 as a special resolution, the combined effect of which would allow the Board to allot Relevant Securities up to an aggregate nominal amount not exceeding £490,613,945.92 and free of pre-emption rights.If Resolution 11 is not passed, the number of shares to be issued pursuant to the authorities in Resolutions 7 to 10 will increase by a factor of 266.7609 but the aggregate nominal value will remain the same.

[zxie] 27/10/2020 21:53

Cindrigo is valued at nearly $200m based on a bid of £1.09 a share. It is unclear what the future listing will be worth,

[zxie] 05/10/2020 19:49

consolidation factor of 266 existing shares to 1 strong trading soon

[zxie] 01/10/2020 17:31

Next week will be interesting

[zxie] 28/9/2020 17:14

Lars Guldstrand, Challenger's Chairman, said, "We are very pleased that over99% of votes cast by the Challenger shareholders were in favour of theordinary resolutions and the special resolutions regarding the Cindrigotransaction.

[zxie] 28/9/2020 09:30

Before 13 October all done reopen

[zxie] 28/9/2020 09:28

News today

[zxie] 17/9/2020 10:04

Share Consolidation Record Date 28 setptember CREST accounts credited with New Ordinary Shares 29 setptember New share certificates despatched on or before September 13 October

[zxie] 08/9/2020 14:54

TR1 Wow YA II PN, Ltd hold 120m

[daar] 27/8/2020 00:26

1p plus open upon return to market

[daar] 26/8/2020 11:33

Wow didn't even realise

[zxie] 21/8/2020 06:57

estimated Chal additional 600m+ shares will be issued