Global Gaming Share Discussion Threads

[andrbea] 11/6/2008 11:25

post 113

I agree

they (the LSE) ought to lift the suspension

Along the lines of:

"A statement having been made, ......"

then we could motor up to 1p from 0.6p

:-)


nia dyor

[2magpies] 11/6/2008 11:23

"Application will be made for the placing shares and loan conversion shares to be admitted to trading on AIM and admission of the same is
expected to take place on 18 June 2008."

Note reference to 'trading', and the effective date.

They couldn't 'trade' if the stock was suspended.

[safman] 11/6/2008 11:18

nim, that is correct, if you see last results, that is what they mention, par value, hence, that is why GGT is all about corvus..

saffy..

[safman] 11/6/2008 11:15

some last for around 4-6months, some can take weeks, providing discussions have been ongoing for some time.. corvus have a decent stake (28%), and would want this to succeed, everything hedges on corvus..

saffy..

ps. in this enviroment, you would hope sooner the better..

[2magpies] 11/6/2008 11:14

ab

'Admission Document' doesn't arise until they have an actual deal, I believe.

I expect suspension will be lifted, and then when deal is agreed, they will be suspended again - pending the publication of said document.

[3celtic] 11/6/2008 11:13

ok ab.watch around the 25th but not at the current level.

[nimh] 11/6/2008 11:13

they've also converted a loan to stock @ 0.25p (£198,750 worth).

[safman] 11/6/2008 11:07

GGT now on the radar.. corvus has 28%.. obviously much will depend on them, but a good placing @ 1p..

saffy..

[3celtic] 11/6/2008 10:58

ab come over too the igd thread a minute

[3celtic] 11/6/2008 10:57

no ab looks like due dilligence and admission document.

[andrbea] 11/6/2008 10:56

is that enough (the last RNS) to lift the suspension?

[2magpies] 11/6/2008 10:52

This director could have bought a whole load more for £20,000 just lask week.

Instead, he's now paying 1p. He surely must know something fantastic.

It is unbelieveably rare for a placing price to be @ such a premium -- approx 55% !

And it seems that there isn't just one company, but 'parties'.

[safman] 11/6/2008 10:45

most other sectors seem to be tanking, esp financials and housing.. i can't recall seeing such carnage.. the tech boom / bust i suppose is an example, but financials is the heart of the economy..

saffy..

[3celtic] 11/6/2008 10:45

placing 1p a share .yeehaaaaaaaaaaa

[cyberpost] 11/6/2008 10:44

Placing update (Global Gaming Tech)



RNS Number : 4531W
Global Gaming Technologies PLC
11 June 2008


Global Gaming Technologies plc
("the Company" or "GGT")

Placing raising £250,000
Conversion of Loan

Further to the announcement made by the Company on 29 April 2008 and in response to recent press speculation, the Company is pleased to report that the process of seeking opportunities in the natural resources and mining sector is progressing. The Company has entered into encouraging discussions with parties in the Oil and Gas sector although no deal has yet been concluded and there can be no certainty that any deal will be concluded. A further announcement will be released in due course. In order to fund further investigation into the Company's current opportunities, GGT has agreed a placing of 25,000,000 new ordinary shares at 1p per share raising £250,000 (gross of expenses). Director, Mike Hirschfield, is taking up £20,000 of the placing and, following the placing and loan conversion detailed below will have a beneficial interest, including existing interests, of 2,075,000 ordinary shares representing 0.7% of the enlarged issued share capital.


In addition and further to the authorities obtained at the Company's recent annual general meeting, the Company has converted a loan facility and additional funding loans of £198,750 provided by Corvus Capital Inc. in 2007/8 in order to meet the day-to-day working capital requirements of the Company. The loan funds have been converted at par of 0.25p per share into ordinary shares of the Company. Corvus Capital Inc. already holds 43,930,196 ordinary shares in the Company representing 22.7 per cent. of the issued share capital in the Company.
The Board, having consulted Canaccord Adams Limited, the Company's nominated adviser, consider that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned. Prior to conversion of the loan funds, Corvus assigned £100,000 worth of the loan facility to unconnected third parties. Following the Placing and Loan Conversion, Corvus will have an interest in 83,430,196 shares representing 28.02% of the enlarged issued share capital.

Application will be made for the placing shares and loan conversion shares to be admitted to trading on AIM and admission of the same is expected to take place on 18 June 2008.

Following the Placing and loan conversion, the Company will have 297,794,385 ordinary shares in issue and no treasury shares and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

In addition, the Directors have agreed to establish an incentive scheme over up to 10 per cent of the Company's issued share capital, from time to time, to incentivise Directors, employees and consultants to assist in the process of achieving the Company's goals.

[rbonnier] 11/6/2008 10:41

I hope the T Traders have got the cash for the shares they bought !

[haff1] 11/6/2008 10:40

...I've been told announcement due any second?...

[safman] 11/6/2008 10:39

if true, an RTO, the economic conditions in that sector ( oil and gas), at this particular time would be excellent for the company..

i hold..

saffy..

[andrbea] 11/6/2008 10:38

well done all those who got aboard.

some ride we had...

now we're in the lap of the gods :-)

[iloveit] 11/6/2008 10:37

take a look @ CORE ! EPIC CORE

[3celtic] 11/6/2008 10:36

fandabaaaaaaaa

[2magpies] 11/6/2008 10:35

So, it wasn't just 'gossip' after all.

Let it be a 'biggy'.