Time Finance Share Discussion Threads

[looky] 28/7/2008 21:45

This is great news - although not too sure of the new brokers, they are not the best name in town. But at least we know that alot of due diligence will have done on the orders / newsflow and Platts has invested at a premium on the results. This will give them time to prove the technology either way.

Someuwin is clearly an idiot

[scner] 28/7/2008 11:19

Reports the placing and appointment.

[gavios] 28/7/2008 10:10

im a bloody jinx

[soho2] 28/7/2008 10:08

you spoke too soon

[gavios] 28/7/2008 10:02

some nice buys this am

[sharethelovearound] 28/7/2008 08:01

someuwin - the companies that will be "giving up" shortly are the ones that cannot raise additional finance. The ones who will survive are the ones that either generate cash or are able to raise cash. There are literally dozens of Aim companies that are trying unsuccessfully to raise cash at the moment and there will be many casualties in the coming months. Fortunatley with this news TIME will not be one of them.......

[boldtrader] 28/7/2008 07:58

Graham Platts must have some confidence in the Company.

[59david] 28/7/2008 07:53

someuwin

Did you bother to read the details of the placing (copy set out below). Personally I think that being able to raise money at a premium with no fees payable is a good result. In addition they can go back for further money.

How many other AIM companies have you invested in recently that have achieved this?

Placing & Non-Executive Director Appointment (Timestrip)




RNS Number : 9503Z
Timestrip PLC
28 July 2008




TIME.L


Timestrip Plc (the 'Company')

Placing by the Company and Appointment of Non-Executive Director

The Company is pleased to announce that it has raised £562,500 through a Placing by the
Company of 25,000,000 new ordinary shares of
0.02 pence each (the 'Placing Shares') at a price of 2.25 pence per share (the 'Placing
Price') with Graham Platts, a private investor based
in Monaco. The Placing Price represents a premium of 20% to the closing mid market price on
25th July 2008. The Placing Shares will
represent approximately 6.2% per cent of the enlarged issued share capital of the Company
following the Placing.

The Placing is conditional upon admission of the Placing Shares to trading on AIM. No
commissions or fees were paid in relation to the
Placing.

The Company has also entered into an unconditional put option agreement, exercisable at
the Company's sole discretion at any time
between 1 January 2009 and 1 January 2011, to raise a further £437,500 through an additional
placing of shares with Graham Platts. The price
of any new shares issued pursuant to this agreement will be based on the average offer price
over the 20 business days preceding the date of
exercise. There are no commissions or fees associated with either the agreement or the placing
of new shares pursuant to this agreement.

Graham Platts has agreed not to sell any shares until such time as either the put option
is exercised by the Company or it expires.

Application will be made for the Placing Shares to be admitted to trading on AIM and
dealings are expected to commence on 15th August
2008.

After the Placing the total enlarged issued share capital of the Company will be
403,078,739. Therefore, following the Placing, the
total number of voting rights in the Company is 403,078,739

The above figures may be used by shareholders in determining whether they are required to
notify their interest in, or a change to their
interest in, the Company under the Disclosure and Transparency Rules.

Use of proceeds

The proceeds of the Placing, and the option to place a further £437,500 of ordinary
shares in the future, significantly strengthens the
Company's balance sheet at a time when it is looking to build long-term relationships and grow
revenues with both its existing customers and
from its extensive pipeline of potential customers, many of whom are blue-chip multinational
companies.

New board appointment

As outlined above, Graham Platts, aged 48, has today been appointed a non-executive
director of the Company. Graham is a graduate of
Emmanuel College, Cambridge and holds an MA in Mathematics. He joined Scorex, an international
credit scoring consultancy based in Monaco,
in 1988. He became CEO of Scorex in 2001 and helped build the business to revenues of £30m
and clients in over 60 countries prior to its
sale to Experian in 2003. After three years as CEO of the enlarged entity, Experian-Scorex, he
left in 2006 to become a director of
Scoresoft SAM, a company that invests in credit bureau, credit scoring and credit lending
businesses in emerging markets.

Graham holds or in the last five years has held directorships or partnerships in the
following:
Scorex (UK) Limited; Scorex SAM; Scoresoft SAM. In respect of Graham Platts, no further
disclosure is required pursuant to Schedule 2 of
the AIM Rules.

Paul Freedman, Joint Chief Executive of Timestrip Plc said:

"We are delighted to have taken this opportunity to further strengthen the finances of the
Company at an important stage in our
development, and to have increased the strength of the Board through the addition of Graham
Platts. Graham brings with him a wealth of
commercial experience and a proven track record in developing fast-growth companies."

[someuwin] 28/7/2008 07:26

Yet another placing - they might as well give up.

[soho2] 24/7/2008 12:05

does anybody know at what time the AGM finishes?

[gavios] 24/7/2008 09:21

my 2400 is showing as a sell, its a buy

[8trader] 23/7/2008 17:25

monkeywrench.

Please filter me if you dont like my posts, i'm purely here to warn
others that he is a con-man simple as that.

Hope time comes good for all long term holders.

[saddays] 23/7/2008 09:53

plum.core sinking again today..1

[8trader] 23/7/2008 09:49

We all know who is the idiot william, you cant even write properly.

saddays - 21 Jul'08 - 12:30 - 2384 of 2448


just bought 40k results thursday.expecting plenty news from s.africa and south america fully funded.

Only 40k trade that day was 10 mins before you post and it was 40,192 and
by miracles that same trade has been dumped surprise surprise.

I aint going to stop exposing you, you either stop the lies or i will
constantly warn others that you are a con man.

[saddays] 23/7/2008 09:46

no way i still hold and will be adding before close.idiot

[8trader] 23/7/2008 09:41

That's why i constantly warn others about this con man about who spams
sites non stop with rubbish.

He's just dumped his 40,192 trade when he claims it's going to 10p tomorrow
on a hot AGM.

[saddays] 23/7/2008 07:56

blue all the way as p,s move in ahead of massive agm news tomorrow.ttx 350% profit.plum.asg 300% profit double plum.

[double6] 22/7/2008 20:24

LOL - good to see you moving on after your losses in Turftrax, mate!

[saddays] 22/7/2008 16:31

TEEEHEEEEEEEEEEEEEE MISSED THE BOAT GUYS SEE YOU 1ST THING

[8trader] 22/7/2008 16:30

yes .8-1p very soon..i agree..plop

[saddays] 22/7/2008 16:28

BIG BLUE DAY TOMMOROW LAST CHANCE AT THIS CRAZY LEVEL.8-10P