Versarien Share Discussion Threads

[superg1] 07/9/2019 08:36

BIGT

IT is not a binary bet and the pre AGM after AGM timing debate seems to have lost its way here.

The usual lot scaremongering about 1 deal in among dozens.

The reasoning is simple. Why would they offer PIs the same option, must be discount etc, which is nonsense.

China is to be a business model to roll out worldwide, we have been told that many times. The suggested BIGT interest would be 15% of the company.

The 15% forms part of resolutions previously passed.

EG in the annual report

Section 561

States you must offer shares to existing holders.

It also enables the Directors to allot shares up to an aggregate nominal value of £230,898 (23,089,800 Ordinary shares of the Company), which is equal to approximately 15% of the nominal value of the issued Ordinary share capital of the Company, subject to resolution 5 being passed. The Directors believe that the limited powers provided by this resolution will maintain a desirable degree of flexibility. Unless previously revoked or varied, the disapplication will expire on the conclusion of the next Annual General Meeting of the Company.


So BIGT want 15% it seems, the current authority expires at the AGM when a new resolution would be passed.

If the BIGT deal secures after the AGM it then takes up the 15% for next year which may be needed for South Korea, Japan or the like.


So as a point of convenience they are keen to get it done pre AGM, but there is no guarantee that it will become the AGM. If after the AGM and 15% was wanted by someone else then they would need to have a special meeting to get shareholder authority etc.

Pre AGM and it's just normal course of business at the AGM.

2 points.

The deal must a long way down the road for them to have made such comments.

In trigging that they are keen to make 15% available for next year so perhaps another country is keen too that has yet to be announced.
It could equally be just a simple case of keeping that option open.


So all this talk of pre AGM or post AGM is pretty much irrelevant. Before and no further meeting needed, after AGM and they would need to have shareholder support to allocate another 15% before the 2020 AGM.

That's it really, no need to complicate it or add in conspiracy theories. Chris did explain it.

[lempriere] 07/9/2019 00:52

These are some of the finest posts ever seen on this forum, simply superb stuff from East Coker.

Though I fear he's forever ruined 'Stool Pigeon' for me.

[east coker] 07/9/2019 00:29

North Wales I.P Address currently browsing Kiwi ... 🤔

'Hmmmm'

[east coker] 06/9/2019 23:20

FEST:

There has been a Fester/Peter Knowles/Sponge Peddler thread on Kiwi Farms for some time now, but due to your particularly banal posts the last couple of weeks, the thread has seen a SURGE in activity and has now reached 17 fun packed pages.

(Piney77, PShevlin, TeePee, Clubby are also cropping up now... they've all made such an impression)

The thread is the source of the excellent Fest Photoshops that appeared on ADVFN plus some truly gross ones I felt unable to post on ADVFN 😨

NB: Many of the bogus ADVFN 'avatars' attributed to Haigh are actually Kiwi members and a number of posts made by East Coker were made also by Kiwi members (several people have the password)

I won't give you the link to the actual thread Fest but be assured it's there on one of the sub forums, I'm sure a resourceful chap like you will soon locate it.

Ho Ho

[serratia] 06/9/2019 23:11

O/T 2.

Around the same time there was a top class but arrogant Welsh ref called Norling. He was in charge of an Ireland match when some dirty deed was going on in the pack. An Irish forward said bloody hell ref are you blind. Norling was taken aback and chased up to the next ruck and said what did you say ? The Irish player said bloody hell deaf as well.
I love the humour of the Irish.

[forestfred] 06/9/2019 20:13

No but ..

I bought a few more as I always do when he appears on the board .

Always seems to work for me . :-) has done for years now .


Ff

[luckyorange] 06/9/2019 19:20

Anyone seen rainbow 🌈👀🌞

[chimpandy1] 06/9/2019 18:23

That's a very long winded way to say the share price could go up or down.

[ewads] 06/9/2019 17:58

What speculation will there be if he has a Chinese takeaway over the w/end.

[sandbag] 06/9/2019 17:49

"Well we will find out next week what his grooming was all about"

Be nice if it was for a tv appearance, even nicer for tv appearances in the UK and China!

[rogerthegrouch] 06/9/2019 16:30

Stubbly heads are sharp so great for ear scratching in the scrum

[1teepee] 06/9/2019 16:23

Wouldn't all his stubble grow back overnight or the weekend

[kemorkid] 06/9/2019 16:15

Always a good time to buy rafboy 🙏🏼

[rafboy] 06/9/2019 16:04

Well we will find out next week what his grooming was all about. Is it a good time to buy before news on Monday?

[shavian] 06/9/2019 16:04

I did - yesterday

[f3rdinand] 06/9/2019 15:52

I seem to remember than Autumn into December was a very busy period for VRS news last year! NR has also stated that November will be a very busy month for him! Add to that, the fact that multiple collaborations are now a couple of years in and must be on the cusp of (very large) orders- I think now would be a good time to accumulate!

[squire007] 06/9/2019 15:39

Is there news coming :-0 C'mon ... have a good w/end all

[1teepee] 06/9/2019 15:37

They use cutthroats for normal haircuts too. But good point. Maybe I got the wrong end;)

[rafboy] 06/9/2019 15:36

Has he not had a decent shave, the guy in front is carrying a cut throat razor?