Matra Petroleum Share Discussion Threads

[rodneyfoster] 23/10/2017 20:33

OffermanTo be honest don't know but negative cash flow no new wells heavy interest debt repayment - can't continue can it Any one any ideas what's next ?Beggarman - any suggestions

[offerman] 23/10/2017 18:39

Rodney, suspension for bad news?

[rodneyfoster] 23/10/2017 14:09

Going to be suspended soonish I think

[maceman] 23/10/2017 12:18

Been a progressive nose dive since we were heading towards ten but then an interview came out from our leader. Must just be coincidence I’m sure.

[doxford] 23/10/2017 10:08

Doing a nose dive at the moment, I hope there is plenty of water in the pool.

[rodneyfoster] 20/10/2017 10:13

Haven't checked website for inevitable corporate changes -Should be posted soonish no doubt

[rodneyfoster] 19/10/2017 19:03

Is that around 15% worth of company assuming it's worth around $30mSo perhaps you have another reason relished What did Vlad and Mb get in warrants -Anyone know

[beggarman] 19/10/2017 18:11

I've given you the number of shares they can subscribe for, just multiply by 10 and divide by 10.72. It's around £3m.

[rodneyfoster] 19/10/2017 17:28

Can anyone calculate total warrants granted at 10sek a share .

[beggarman] 19/10/2017 16:48

A better day to day, finished up 4.62% on low volume but better than finishing down on low volume.

[rodneyfoster] 19/10/2017 16:44

What are they worth assuming shares 10sek approx 1p

[maceman] 19/10/2017 16:28

Why won’t it be 10sek? That’s half a penny isn’t it?

[beggarman] 19/10/2017 16:18

The warrants were part of the listing procedure, Matra management received warrants allowing them to subscribe for 1,859,485 shares and Forssinvest 1,359,485.

[rodneyfoster] 19/10/2017 15:37

Have you seen warrants issued to board members .Anyone know what they are worth and how much MB and Vlad got and if any other departing 'heroes' rewarded

[beggarman] 19/10/2017 15:22

One reason why they may not want to do a placing is because the new shares would have to be offered to current shareholders. it's in an effort to prevent continuous dilution. They raised their $5m through an issuance of shares prior to listing.

[rodneyfoster] 19/10/2017 15:12

It won't be 10sek

[beggarman] 19/10/2017 15:03

When a company is contemplating a takeover they usually pay a premium to the current share price to make sure the takeover goes through. That's why the share price usually rises when a takeover is announced.

It could be that only Barskiy will sell out and a strategic investor will buy his 27.5% and we will carry on as of now.

[maceman] 19/10/2017 14:56

Interesting. So drive the price down and then come back to offer 10sek to make the offer look great!?

[beggarman] 19/10/2017 14:49

There has to be a percentage of minority shareholders approving the takeover, same as the U.K. so Rovelo can't sell at a silly price. The important thing is if there is an EGM the U.K. shareholders must exercise their postal vote.

[rodneyfoster] 19/10/2017 14:44

Yes if he has interest in company buying

[beggarman] 19/10/2017 14:38

There were a number of points that have come through from research so far, firstly foreign companies listed in Sweden have to observe the same rules that Swedish companies are obliged to and all shareholders have to be treated the equally. So if an offer was made of 5sek per share for the whole business that would apply to all shareholders including Barskiy, would such an offer be accepted?

[rodneyfoster] 19/10/2017 14:12

So if they haven't bought shares in last six months they can buy at 6sek or lower .

[maceman] 19/10/2017 12:42

Good research Beggar.

[beggarman] 19/10/2017 10:35

They do have financial issues at the moment and I can't see them raising more debt as their market cap is around $30m and their debt is $45m, they could put Matra USA in Chapter 11 creditor protection or place shares to raise extra capital. The only reason to bring in a strategic investor would be if they were prepared to inject fresh capital into the company, like a $50m interest free loan so that the development program could be speeded up. If shares were sold to a strategic investor at 6sek with a view to selling the whole company, then all shareholders would receive 6sek including the major shareholders.

Regarding bidding all I've found out so far is that if a bidder buys shares in a target company up to six months prior to a bid, they can't offer shareholders below their highest bid price in the offer document. This doesn't take into account bidders who do not purchase shares prior to a bid. I'll keep digging as EU directives are involved as well.