Nautilus Marine Services Share Discussion Threads

[babbler] 11/1/2019 10:09

Ok whats the deal here? Or more to the point... what am I missing?

[pre] 11/1/2019 10:08

are we missing something here?? can;t be right? some conversion perhaps 10-1??

[hugepants] 11/1/2019 09:55

Id bet this is a related party transaction at some level. Recall the NAUT owners bought these floating piles of rust off their own companies in the first place

[tomboyb] 11/1/2019 09:50

10x current share price -

[baner] 11/1/2019 09:47

Rather mysterious - shares could as well be 10p. Or 20p. Or 30p. Etcetera. The major concern here has been whether the controlling shareholders were only there to milk other shareholders - but why should they then convert at 50p ?

[tomboyb] 11/1/2019 09:43

Nautilus Marine (LSE:NAUT)
Intraday Stock Chart
Today : Friday 11 January 2019

Click Here for more Nautilus Marine Charts.
TIDMNAUT

RNS Number : 8165M

Nautilus Marine Services PLC

11 January 2019


11 January 2019

NAUTILUS MARINE SERVICES PLC

("Nautilus" or the "Company")

NOTICE OF CONVERSION OF CONVERTIBLE LOAN NOTE

Nautilus Marine Services PLC (AIM: NAUT), announces that on 10 January 2019, the Company received notice from McLarty Capital Partners ("McLarty") to convert the US$7,640,000 Convertible A Loan Notes (as defined and described in the Company's AIM Admission Document published on 16 January 2017) into 12,524,590 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 50 pence per Ordinary Share at a fixed exchange rate of GBP1/US$1.22 (the "Conversion").

[tomboyb] 11/1/2019 09:41

Missed by the market -

[tomboyb] 11/1/2019 09:40

Not a bad RNS considering -

4.8p v 50p conversion -

[hyperboreus] 11/1/2019 07:59

It would appear that McLarty have morphed into 'The Firmament Group'



Be interesting to see how the share price reacts or maybe doesn't react in a few minutes time! 😂

[pugugly] 11/1/2019 07:11

Interesting Loan note converted (if I read correctly) at 50p per share - Massive premium or last throw of dice?



Nautilus Marine Services PLC (AIM: NAUT), announces that on 10 January 2019, the Company received notice from McLarty Capital Partners ("McLarty") to convert the US$7,640,000 Convertible A Loan Notes (as defined and described in the Company's AIM Admission Document published on 16 January 2017) into 12,524,590 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 50 pence per Ordinary Share at a fixed exchange rate of GBP1/US$1.22 (the "Conversion").

[hugepants] 01/11/2018 13:55

The future price of rust is tanking which explains the falling share price.

[biggest bill] 01/6/2018 10:41

Value Hound, this company is not being run for the benefit of the shareholders. If it was, it would have been liquidated two years ago and the cash returned to shareholders. The annual running costs of the company are simply ridiculous. I wouldn't touch this company with the longest bargepole in the universe.

[value hound] 18/4/2018 08:52

Whhhhooooooshhhh! This one's goin' to the fakkin' moon! :-)

Seriously though; what's the story here; NTAV of over £17.8m, current assets less all libs of £1.5m, mkt cap £2.44m - so are these vessels truly worth less than nothing (effectively being priced as liabilities) and are the Board truly just crooks or stooges acting for the Quasha family trusts?

[value hound] 12/3/2018 07:32

That's a little over 1p a share then - no doubt a special divi coming! :-)

[value hound] 03/11/2017 16:31

Must be a generous director buy-out coming - maybe 10.5p!? :-)

[anangf] 09/9/2017 12:18

Eh? More information please.

[happyholder123] 09/9/2017 11:52

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[lfc4ever] 09/6/2017 13:57

hxxp://www.finncap.com/news-insight/nautilus-marine-services-metamorphosis

!!

[anangf] 15/3/2017 22:17

If what they have done is consistent with the articles this is a non starter apparently.

[horndean eagle] 15/3/2017 21:42

along those lines. touched base with a solicitor. canvassing opinion as to how much support there might be.

[anangf] 14/3/2017 15:06

What would be the legal basis for a.challenge? Long time since i studied company law....are the actions unfairly prejudicial against minority shareholders? I dont know and this would be a matter for a lawyer. Who knows, the board strategy may come good.