Dukemount Capital Share Discussion Threads

[tomboyb] 05/3/2024 09:10

I'm pretty sure PW is joking -

[tomboyb] 05/3/2024 09:05

PW -

its in the RNS -

LOL!

[troutisout] 05/3/2024 09:05

Unfortunately some people getting suckered in again.....

[tomboyb] 05/3/2024 09:04

That is correct trout -

[tomboyb] 05/3/2024 09:02

I don't think anyone is bashing this -

shares received at 0.0022p v 0.009p current-

Mkt cap around £800k and cash at last count £40k -

[troutisout] 05/3/2024 09:02

PW is wrong, read the RNS the 'new investors' gave the 225k shares to the lender. Gazzard can't be seen to be party to the transaction of giving shares to the lender, but in exchange the 'new investors' have 675m shares that they paid £150k for and so on issue can sell them down like confetti and still make huge profits.

"Following admission to trading of the Subscription Shares, Mr Gazzard has agreed to sell the Subscription Shares at £0.001 to new investors for £150,000 ("New Investors"). These New Investors have agreed to transfer 225,000,000 of the total Subscription Shares to the Noteholders. The balance of 675,000,000 ordinary shares will be issued to the New Investors"

[zen12] 05/3/2024 08:40

PW is right on this, you're trying to bash this further lol

[tomboyb] 05/3/2024 08:35

Lol -

Pwhite I assume you are joking and a bit of a wind-up

[pwhite73] 05/3/2024 08:27

If 900 million shares were sold for £150k where did an additional 225 million shares come from to give to the lenders on top of the £150k they received in cash?.

"The Outstanding Balance has been transferred and assigned to Paul Gazzard, a director of Dukemount. In consideration, the lenders of the Facility Agreement (the "Noteholders") will be paid £150,000 in cash and 225,000,000 new ordinary shares in Dukemount payable on completion of the Subscription."

[tomboyb] 05/3/2024 08:16

10million available at 0.104p -

SP is way too high -

[troutisout] 04/3/2024 23:12

The RNS states PG disposed of the shares at the price 0.1p which he didn't, he disposed of them for a total of £150k, so not at 0.1p.

[pwhite73] 04/3/2024 21:49

Yes that's because they've raised five times the market cap.

[mibo1] 04/3/2024 18:44

But the market cap will be 5 times last week

[pwhite73] 04/3/2024 18:43

969m shares will be in issue tomorrow giving a market cap of £969k. If the shares plunge to 0.0022p per share then I will admit to being wrong.

[tomboyb] 04/3/2024 18:27

Nice to pay 0.0022p -

[mibo1] 04/3/2024 18:26

I think you need to consider market cap, not share price. Its never going back to pre-dilution figures.

[pwhite73] 04/3/2024 18:23

Dilution is not an issue for PI shareholders. Its the price of any dilution that's important. The price here is 0.10p which is a 50% fall. On RTO rumour news this could easily do a 100% back to where it was before.

[mibo1] 04/3/2024 18:20

Of course they have, the original collective holding is now 7%

[pwhite73] 04/3/2024 18:06

mibo1 - "With existing shareholders basically wiped out,"

Existing shareholders have not been wiped out. The shares have dropped to the nominal value that's all.

[pwhite73] 04/3/2024 18:04

troutisout - No. £900,000 was raised at 0.10p that is 900 million shares. The term subscription was used not placing. This means somebody paid 0.10p for the shares and this would have been the market makers who have been flogging them at prices far higher and still hope to on ramped up RTO rumours.

RNS 04/03/24 - "by way of an equity subscription at £0.001 per share (the "Subscription") into 900,000,000 new ordinary shares ("Subscription Shares") by Paul Gazzard, a director of Dukemount."

As per my earlier post they have to be extremely careful for the FCA will do an ICON on them and suspend the shares to protect investors until a prospectus appears.

[mibo1] 04/3/2024 18:04

With existing shareholders basically wiped out, I fail to see the point in all this. Just fold the company.

[tomboyb] 04/3/2024 18:01

correct -

tomboyb4 Mar '24 - 17:21 - 376 of 382
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If you calculate on the basis of the final amount i.e. 675million shares then it becomes 0.0022p V 0.0105p current -