Harvest Minerals Share Discussion Threads

[kreature] 04/2/2017 15:01

why are EFH not on the significant shareholder list? thanks

[kryptonsnake] 04/2/2017 14:51

So the resident clowns can't say the word 'placing' anymore. Instead they are posting more rubbish to try and scare holders into selling. Or are they trying to convince them selves that their short will make them further profit? Give it up guys, the game is up!

[kreature] 04/2/2017 13:24

good point yp.

[tasty1] 04/2/2017 12:56

will be voted on shortly and will be passed, end of.

[kreature] 04/2/2017 12:55

Wouldn't you want to forward sell your warrants? Who in their right mind would buy £970k of shares in the hope of selling above 8.8p ?

[cottoner] 04/2/2017 12:53

Thanks for clarifying that the 11,020,500 Warrants exercised by EFH on Feb 3 2017
were in fact those 11,020,500 New Options issued to EFH in resolution 1.

[tasty1] 04/2/2017 10:45

Issue of New Warrants and Related Party Transaction
The Company has issued, subject to approval by Shareholders (other than EFH), 2,755,125 new warrants to EFH, exercisable at 14.0 pence per Ordinary Share at any time before 31 December 2019 ("New Warrants"). The Company intends to convene the necessary shareholder meeting to approve the issue of the New Warrants shortly and will notify shareholders accordingly.
New warrants shortly, stop twisting the facts yp blah blah blah aka shorter - troll

[cottoner] 04/2/2017 08:51

Thank you.

I've done some DYOR.

From the last set of full results.

From the section
SHARES UNDER OPTIONS

No option holder has any right under the options to participate in any other share issue of the Company or any other entity.



EFH are being issued with new options as per the latest RNS

[cottoner] 04/2/2017 07:50

Out of interest , where did you find this?

'There are no participation rights or entitlements inherent in the Options and holders will not be entitled to participate in new issues of capital offered to Shareholders during the currency of the Options without exercising the Options.’

[kreature] 04/2/2017 03:04

ooo arrr So I guess EFH are now free to participate in the next placing?

[andy] 03/2/2017 19:06

cottoner,

I totally agree, I would immediately sell any stock if they entered into a death spiral financing, they are ruining AIM.

However nobody suggested this was the same as that, at least the warrants were already known about, whereas a death spiral financing is normally sprung upon people and then it's too late.

They call it "Liquidity" LOL!

[andy] 03/2/2017 19:00

armflick,

Why are you so obsessed about whether it's a placing or a warrant excercise?

The end result is the same!

Harvest have diluted shareholders and banked funds as a result, period!

[andy] 03/2/2017 18:58

kryptonsnake3 Feb '17 - 18:04 - 2075 of 2077 0 0
Andy, you can liken it to a placing if you want, but it's an exercise of warrants not a placing.

-------

I fully understand that but the end result is the same, is it not?

Whatever you call it, the company have diluted shareholders by approximately 10%, at 8.8p, and banked £970,000.

You can use semantic, but dilution has occurred, and at a discount to the current market price.

[cottoner] 03/2/2017 18:47

A slight difference between the largest shareholder of a company exercising warrants and a death spiral company such as Darwin exercising a placing or three at repeatedly lowered prices. :-)

[armflick] 03/2/2017 18:07

Andy,

Your trying to make this sound like a placing when it isn't! And no, it isn't the same or even close!

Edwards family supported the initial raise, and significantly so, and along with all the other places they got warrants, which at the time were a premium to the raise!!Not a discount, The others have been cashed at many different levels, the total number of shares on a fully diluted basis is the same,

Would strongly advise investors to always consider their investments on a fully diluted basis!

Fact is you trolls on here can't stand the fact you've been calling a placing and it hasn't happened! Nothing negative to be said about the company receiving £1 mil from shares investors already knew existed, and given they were massively in profit you would certainly include them in your investment case!!

You lot carry on with your whinging, you cannot stop the imminent rise!

Best of luck to you!

[kryptonsnake] 03/2/2017 18:04

Andy, you can liken it to a placing if you want, but it's an exercise of warrants not a placing.