Polemos Share Discussion Threads

[timeforchange] 14/3/2018 16:23

Why is it a done deal mate? Only 25% of votes cast need to reject it.
Hedgehog you won’t get your warrants..

[hedgehog 100] 14/3/2018 16:11

PWhite7313 Mar '18 - 18:53 - 689 of 692
" ... Why would the company want to incur the expenses of an open offer. ... "


As a courtesy to retail shareholders.

That would be the primary motive, not raising funds. And it wouldn't have to cost much.

There is little point voting against the dilution, because it is a done deal.
Better therefore to try to participate in it, on the same terms.

"When the wind blows, don't build a wall, build a sail."

[sweepie2] 14/3/2018 15:08

Nick Lee of PRS has played a blinder here, turning £150k into £37k, deserves every penny of his inflated salary NOT

[timeforchange] 14/3/2018 13:38

What is the rememdy for the Company not issuing warrants? Well the price of the warrants. At the moment the warrants will have a value of zero as we are trading st the market price.
Who cares if Hamish has a legal claim against him.. he got the Company into this mess. I am voting AGAINST this shocking dilution!

[timeforchange] 14/3/2018 10:31

Pwhite good on you.. voting AGAINST!

[hedgehog 100] 13/3/2018 18:28

PWhite73 11 Mar '18 - 09:45 - 679 of 687
"I agree with ismalia on LSE I suspect they already have an acquistion lined up. But that is not the issue for PI shareholders. The issue is the amount of dilution that is due to take place.
1. 2.7 billion shares at 0.01p on 14/03/2018
2. 1.4 billion shares at 0.01p on authority from the General Meeting.
3. 4.10 billion warrants at 0.01p on authority from the General Meeting
4. 1.02 billion new unissued shares on authority from the General Meeting.
Unless they can clearly demonstrate some return of value for ordinary shareholders all the resolutions should be voted against. They serve no purpose other than to line the pockets of the directors and finance brokers at the further expense of existing and new PI shareholders.
If the company goes under in the long run it is better for AIM PIs. For they won't be able to inflict anymore financial damage on those who have shown confidence and kept faith in them for so many years. ..."


PW,

I sympathise with your grievance on behalf of long-suffering retail shareholders.

But I think that the best remedy would be to petition for such shareholders to be allowed to subscribe for shares on the same terms as Hamish Harris etc.
I.e. WITH WARRANTS ATTACHED.
That suggests that an open offer would be more appropriate, and would require GM authority for more warrants.

Arguably, if they are not, they could potentially have a legal claim against Hamish Harris and the company.

[atholl91] 13/3/2018 11:05

Old Chinese proverb ' You follow wide boys you deserve to lose your money'.

[stats12] 13/3/2018 10:33

They have been subscribed for and a contract note agreed, they run the risk of being underwater regardless, the placing and admission will go ahead I am certain

[pwhite73] 13/3/2018 08:23

Stats12

Yes technically you are correct. But placings are normally done at a discount to the prevailing price otherwise why would anybody want to buy the new placing shares at 0.01p when they are cheaper or at the same price on the open market.

I can only assume bucket shops Novum and Turner know of reasons why PIs would want to buy the new placing shares otherwise they would be holding the lot for some time to come.

[timeforchange] 13/3/2018 08:07

Come hamish publish the circular...we are waiting..

[ryan83] 12/3/2018 20:27

I’ll be voting NO

[timeforchange] 12/3/2018 19:30

Stats12 you voting in favour?

[stats12] 12/3/2018 16:22

Your last paragraph is utter nonsense, that is the lowest price the shares can be issued, it is irrelevant were the price is, they are issued under pre-emptive rights. They will be going ahead regardless of the price

[timeforchange] 12/3/2018 14:24

P White I am voting against too!

[pwhite73] 11/3/2018 09:45

I agree with ismalia on LSE I suspect they already have an acquistion lined up. But that is not the issue for PI shareholders. The issue is the amount of dilution that is due to take place.

1. 2.7 billion shares at 0.01p on 14/03/2018

2. 1.4 billion shares at 0.01p on authority from the General Meeting.

3. 4.10 billion warrants at 0.01p on authority from the General Meeting

4. 1.02 billion new unissued shares on authority from the General Meeting.


Unless they can clearly demonstrate some return of value for ordinary shareholders all the resolutions should be voted against. They serve no purpose other than to line the pockets of the directors and finance brokers at the further expense of existing and new PI shareholders.

If the company goes under in the long run it is better for AIM PIs. For they won't be able to inflict anymore financial damage on those who have shown confidence and kept faith in them for so many years.

IT IS IMPORTANT TO NOTE the nominal value is 0.01p so the 2.7 billion shares due for issue on 14/03/2018 cannot go ahead whilst the mid price is below 0.01p. This is why the market makers are inflating the offer side to move the mid point to 0.01p or above.

[squirrel888] 10/3/2018 08:04

This needs to come good to put right all the wrongs of the previous management and others who influenced decisions at that time.
Still watching!

[sea7] 09/3/2018 13:13

I always felt that Hamish and Don strang were having a pop at the previous management when they changed the name of this company back in 2012 from plus markets to polemos.

Polemos is an anagram of pomelos - which are "Thick Lemons" grown in south east asia.

I know polemos is also greek mythological origin and a divine personification or embodiment of war, however I prefer the first possibility for their choice of name.

[atholl91] 09/3/2018 10:11

Hitman, more like more darkness ?

[thehitman1] 09/3/2018 09:39

Lol, new dawn.

[atholl91] 09/3/2018 07:45

When will shareholders understand that Harris & his fellow travellers are Aussie wide boys. They are a dime a dozen there so taking the gullible Poms is the way to go.

[gheebee] 08/3/2018 17:42

Not the Teathers App? Looks like Ken Ford's Primary Bid trumps Ben Turney's Teathers these days.