Dukemount Capital Share Discussion Threads

[johncraven2] 11/10/2022 15:56

Pwhite

Made.com has been in auction for 30 mins? is that normal?

[pwhite73] 11/10/2022 15:50

Cheeky MM trying to create a rout before close of play. You will get a minimum of 0.10p for your stock no matter what happens.

[dave4545] 11/10/2022 15:33

Lol I knew Shane would turn up

[dave4545] 11/10/2022 15:15

Lol I knew Shane would turn up

[shanew48] 11/10/2022 15:12

All the best FS

[firestorm911] 11/10/2022 15:09

Thanks, Pwhite. I had a good run here.


GL all genuine speculators.

F911 out.

Regards,
F911

[shanew48] 11/10/2022 14:47

Is this RTO due to be completed in the coming weeks then?

[pwhite73] 11/10/2022 14:41

F911 - "The prospectus won't be known till next April."

Not true. They never said when the prospectus was due. The issuance of shares to settle the debt with Chesterfield will be done when whichever of these comes first.

1. Prospectus
2. Directors decide to issue shares.
3. 11 April 2023 which I suspect is the deadline for conversion of the Chesterfield debt.

[ridingthewaves1] 11/10/2022 14:38

Have a look at IES guys

[firestorm911] 11/10/2022 14:26

Pwhite

The prospectus won't be known till next April. They need to recapitalise, RTO will have to be way above 0.65p. IMHO.

Very good posts from you here.


Regards,
F911



Such subscription to settle all balances due from the Company and to be settled by the issuance of shares at the earlier of (a) the approval of a prospectus, (b) the direction of the board of the Company and (c) 11 April 2023.

[shanew48] 11/10/2022 14:25

Firestorm, Sir, would the 3-5p + area be possible post RTO do you think?

[shanew48] 11/10/2022 14:19

Would be very pleased with anything above 2p post RTO. Fingers crossed!

[tidy 2] 11/10/2022 14:13

Tripled my holding on that drop brought my average up from 0.065

[pwhite73] 11/10/2022 14:12

F911 - "I suspect a 0.20p close. Let us wait to see."

Yes but you need to be careful. The share price soared on opening because they were out of stock and with the price below 0.1p the nominal value they could not forward sell any new placing shares. With the price now above 0.10p they can forward sell new placing shares at 0.10p and above. I reiterate one really has to wait for the details of the RTO to be certain of any value over 0.1p.

[firestorm911] 11/10/2022 13:55

I suspect a 0.20p close. Let us wait to see.

Once of a lifetime share, the theoretical bottom is 0.1p nominal price of share issuance.

A new listing malarky costs a lot of money and criteria have to be met. A staggering volume, shares churned


Regards,
F911

[ridingthewaves1] 11/10/2022 13:34

Sold at a loss here and now buying ies stock

[pwhite73] 11/10/2022 12:30

chief vigilante - The size of the RTO does not necessarily have any correlation with the value of your holding. You have to wait for the details.

For example if Elon Mask reverses Tesla into DKE the market cap will be about £600 billion for Tesla plus £800,000 for DKE making a total market cap of £600.08 billion. The value of your holding does not change in an RTO unless the other party is prepared to forward you a slice of the cake greater than the value of your holding prior to the RTO.

Some RTOs are generous taking into account the listing alone has a value.

Some RTOs are not so generous effectively saying - "if it wasn't for us you would have went bust" so diluting existing shareholders even further and decreasing the value of their holding prior to the RTO.

Its a question of wait and see. I personally would not take any notice of the 0.65p figure its the nominal value of 0.10p that counts.

[firestorm911] 11/10/2022 12:27

I took 5m off the table boys in three blocks, just above 3 baggers on that lot. Keeping 1.1m.

Good day all. Good shs, RTO comes more big bucks for the rest of my shs.



Regards,
F911

[ridingthewaves1] 11/10/2022 12:19

Managed to buy some

[firestorm911] 11/10/2022 12:12

It's going supernova.

0.1911 buys are due. 0.20p could be hit shortly

Enjoy !!

F911

[firestorm911] 11/10/2022 12:02

Volume is massive.

The market loves it, We love it. What else. Hoping 0.20p gets smashed and should rally further.

Regards,
F911

[pwhite73] 11/10/2022 11:15

There is to be an RTO but no one knows as yet what effect it will have on retail shareholders. What appears to be guaranteed is a minimum share price of 0.10p which is the nominal value.

[ridingthewaves1] 11/10/2022 11:10

Pwhite im confused here what is the deal?

[pwhite73] 11/10/2022 11:04

chief vigilante - "now we are looking for a min 0.65p"

You speak for yourself. The wording is very clever. That's the price Chesterfield have agreed to convert their outstanding debt of £500k. But they may effectively be writing off the debt if they are participating in the later conversion that has a price of 0.10p. It is similar to directors setting their options exercise price at multiples to the current share price to inspire confidence. 0.10p the nominal value is the only price that can be guaranteed.

RNS 11/10/2022 Terms of the Restructuring and the Further Advance - The debt is convertible at the nominal value of 0.1p of the ordinary shares of the Company.