Molecular Energies Share Discussion Threads

[investorwil] 12/4/2024 11:52

Very interesting buying going on today!

[andyhill27] 12/4/2024 11:48

From the last Director buying RNS "Peter Levine is currently restricted from acquiring further Ordinary Shares without making a logistically burdensome general offer to all other shareholders since the Takeover Code continues to apply to the Company" so assume not PL?

[wakeland] 12/4/2024 11:34

While still listed he would have to declare if buying.

[rizzzla] 12/4/2024 11:30

Mcap is about 2.6 given the value of GHC are you not surprised your getting flushed out

[technohead] 12/4/2024 11:06

Just shows you what could have happened to share price had they ever released some good news

[brasso3] 12/4/2024 10:34

If he goes above 30% he can just make a low ball offer to swallow the rest. By crushing the share price in the last 6 months most will bail for around 30p a share now.

[brasso3] 12/4/2024 09:14

PL buying to force a takeover?

[officerdigby] 11/4/2024 14:48

I suppose if you had brass balls.You could have bought after the cancellation RNS and caught this!Just remember to step off. At the correct moment!

[technohead] 11/4/2024 14:32

Interestingly no one is commenting particularly around the share price
Or given the appaling place we are in - does the share price even matter any more?

[bengal1] 11/4/2024 10:40

Son sold out today. His £500 investment sold for £10. A great learning experience for him despite the loss.

[chris cat] 10/4/2024 15:35

PP - On the face of it, that sounds possible/plausible but in my experience some BOD's prefer the complexities of cross loans being in place as one party (due to the small print) tends to have the better of the deal and they can manage the affairs of both companies to the ultimate benefit of where they prefer/benefit most.

I am not saying that is the case here, but I have seen it in more than one business that I have worked in. Nothing illegal, just commercially savy......unless you happen to be one of the parties on the wrong end of the arrangement.

[officerdigby] 10/4/2024 15:30

PP. Yes..but thats not what PL wants.He's taking his toys away, from the market.In spite it appears.Punishing the lack of valuation of market by pervous-ly hitting those that do value company (hold shares).

[piperpeter] 10/4/2024 14:50

No ramp or deramp intended...

Is the following too simplistic?....

As has been pointed out by chris cat, and others, the current situation appears to be that MEN owes to IYA (Peter Levine) approximately US$12 million, and the owner of the former Argentine oil producing asset (also now Peter Levine) owes to MEN approximately US$12 million. They are equal sums (approx.).

Why could these debts not just be cancelled, as pointed out by chris cat and others, so that neither side owes the other side anything?

This would then leave the former Argentine oil producing asset in a position to continue paying monies to MEN (under the up to 20% free cash flow "agreement") over the following several years. We know this is possible because monies have already started flowing to MEN in relation to the repayment of the intercompany loan.

That surely then would leave MEN with a regular income, its 18.4% holding in Atome Plc (free of being used as security because it would then not be applicable), its 75% holding in Green House Capital Group Plc, any possible value left in the Pirity Concession, and 100% of Molecular Aviation.

And MEN would be completely rid of any debt whatsoever. Cash positive.

Too simplistic?

Again...no ramp or deramp intended.

Pp.

[rizzzla] 10/4/2024 14:49

Check your preferences
you need to opt for voting on some brokers

[fewdollarsmore] 10/4/2024 14:41

I have these in a Halifax sharedealing account but don't seem to have a option to vote? Any advice appreciated thanks

[all in eol] 10/4/2024 14:30

Interesting share price movement last couple of days.

[brasso3] 10/4/2024 12:48

Was it changed in 2022 (2022 FY report)?

Subsequent Events
In April, shareholders approved certain amendments to the IYA loan facility providing net cost savings to the Company of US$5 million by reducing the interest costs to zero over the revised maturity period, enabling further funds to be available for working capital purposes and expansion of the Company and its hydrocarbon and alternative energy divisions.

IYA Loan
On 2 January 2018, the Company entered into a loan agreement with IYA Global Limited ("IYA"), a company beneficially owned by Peter Levine, pursuant to which IYA provided a loan facility up to $20.5 million to the Company. The loan was due for repayment by 31 December 2024. Subsequent to the year end, a General Meeting on 6th April 2023 approved material amendments to the terms of the loan and extended the repayment date to 31 December 2025. Further details on the terms of the IYA loan are detailed in the Related Party Note 32.

Subsequent to the year end, a General Meeting on 6th April 2023 approved material amendments to the terms of the loan and extended the repayment date to 31 December 2025.
(i) The IYA Loan (including interest) is fixed as at this date with no further monies available to be drawn and no
further commitment fee on undrawn balances thereafter applicable
(ii) The interest rate on the Fixed Loan be reduced to zero percent (0 per cent.) per year from this date
(iii) IYA is granted a first legal charge against all the shares owned by the Company from time to time in Atome to secure the Fixed Loan
(iv) an extension fee of US$1.5 million be paid to IYA spread over the length of time of the Fixed Loan to maturity to be paid by equal monthly instalments unless otherwise agreed. As such the Fee is unsecured as it is not part of the IYA Loan
(v) IYA will be granted the rights at any time up to 31 December 2025 to call upon MEN to transfer to it or as it may direct 2,038,038 ordinary shares in Atome equivalent to the value of GBP2.16 million at value of 106.2 pence per Atome share in satisfaction and by way of extinguishment of US$2.6 million of the Fixed Loan still then outstanding, calculated using an exchange rate of US$1.20 to the pound

[gb904150] 10/4/2024 12:21

If the IYG loan was originally non-secured against PPC assets how did it suddenly become contingent on PL remaining as chairman, as majority shareholder and that MEN retains its stake in ATOM?!

I don't think these things can just switch around so easily. It must be in the terms of the original loan agreement, or subsequently (quietly?!) amended?

[brasso3] 10/4/2024 11:34

Molecular Energy soon to be added to this list:-

[brasso3] 09/4/2024 15:20

The IYG loan was originally non-secured against PPC assets.

[gb904150] 09/4/2024 14:58

What were the original terms of the IYG loan?

Was it really in the terms of the loan that the $12m loan 'would be immediately repayable in the event that Peter Levine or his related parties cease to be the largest shareholder in the Company or if Peter Levine is removed as Chairman of the Company'?

If so, what a treacherous term.
How would something like that get past the nomad?

This whole thing is a scandal.