Sounds reasonable considering the short time allotted to issuing and consolidating shares. Also you have to wonder why HH would go to all the trouble and expense of issuing billions of shares and consolidating them down to 92m-ish if he didn't have something up his sleeve.
I've added 5m shares at yesterdays giveaway price from other profits and am showing around 44% profit on those overnight but am still overall minus 84% here overall. I think it's an interesting gamble here for minimal additional outlay as a recovery play. GL to all.
Hard to get over enthusiastic here as I'm down several thousand from when this was Plus Markets. However, I have to agree that at these levels and taking a risky view of the potential of new business, it must be worth a punt for another few hundred pounds to try and recoup earlier losses eventually.
A poster on LSE suggests that GUN where HH is also in charge could have a couple of potential RTO candidates lined up. Could make sense as there seemed to be almost panic to raise more funds.We shall see but at 0.010p must be worth a punt.
With the rapid raise of funds at the same time as the ditching of the proposed RTO which I always thought was doomed because of its size could see some early activity. They clearly have a plan B or why the rush out a fund raise and a change in the share consolidation from 1000 to 100. Perhaps we can get back to .02p next week.
Disappointing. Casts a bit of a shadow over the CEO Hamish Harris and other Company's he's involved in and other Directors he associates with, Donald Strang and David Lenigas, and the Company's they are involved in.
Unless, Hamish Harris and his Associates can pull something out of the hat. Urgently.
Interesting, the wording of the Placing. Hamish is taking a fair amount. The wording the Placing has been undertaken with certain private investors.
' Polemos, the AIM investment company, is pleased to announce a placing (the "Placing") of 2,177,777,778 Ordinary Shares of 0.01 pence each (the "Ordinary Shares") at a price of 0.0225 pence per Ordinary Share together with a proposed Director's subscription of 44,444,444 Ordinary Shares to raise in aggregate gross proceeds of £500,000. The Placing has been undertaken with certain private investors.'
Bearing in mind Hamish Harris, Donald Strang and David Lenigas have worked together for a few year and all three are on the Board of AfriAg, just wonder if Donald and David are having a piece of the action. Particularly so if you read the News from Doriemus where Lenigas sold a small part of his Doriemus to raise about £27,000 if my maths is correct.
AfriAg has recently invested in Medical Cannabis farming. Perhapswith Polemos they are going in to farming, grow their own 'rollies'.
Interesting investment at Polemos. I'm in and holding.
' warrant to subscribe for a new common share for a period of two years at a price of CAD 55c.
In addition, under the terms of the term sheet and conditional on compliance with the rules of the TSX, subject to a floor price of CAD 30c, the effective price at which the Investment is made can be varied to represent a discount of 20% to any further capital raised by Oyster within 12 months of the Investment. It is also expected that Oyster will seek admission to AIM in due course. Hamish Harris, a director of Polemos commented: "We are very pleased to have been able to participate in this financing at what we believe to be advantageous terms ahead of Oyster's potential dual listing on AIM. Given Oyster offers not only a large, multi-billion barrel prospective resource at what we believe to be a compelling valuation but also an extremely able management team, we are confident the intended move to London could see a substantial revaluation of the company along the line of other TSX oil and gas companies that have moved to AIM recently.'
Seems very interesting if it is the case and wonder if PLMO will also see a rerating happening.
The company plans to invest c£500,000 in this company, according to the balance sheet it only has the cash eq. of £175,000. So are they investing on the back of a debt borrowing scheme. If not 1) Where is the extra #350,000 coming from and will the company have any cash left at the end of the deal?
I do find it strange to release after trading is it the fact the comapny are not happy with the figures as normally premarket is better as I find late afternoon announcements are normally bad news and gives time for the s/h to digest.
Interesting to see Pelamis Investments Limited hold 75,000,000 shares in Polemos Plc
Mr. David Christian Steinepreis disposed of 95,000,500 shares in Polemos Plc in his own name as of yesterday 7th June 2017, he is a director of Pelamis Investments Limited
and Results are out. What should one make of the sale??? Could be some further downside, hopefully not too much and now these are out the way hopefully as a company we can begin to move forward, seeing a rise in sp.
Worried about the sells of shares, but one the otherhand these comments also showed:
1) No one is interested in tiny % stakes.
Talking to management of OTC I think they made that quite evident as well.
The share price is very telling. PLMO at all time lows and likely to go lower.
2) By investing most free cash in oyster?
Hamish got one thing correct. There is significant interest in cobalt and Lithium.
But i can't see much uplift here with Oyster not in the short to medium term. And Hamish wants £500k in it at 50c.
I see pelamis are selling out.
3) isn't the hope that they invest in Oyster who subsequently list on AIM, increase in value and increase PLMO SP?
4) Looks to me like Hamish is intent on investing £500k in oyster.
Surprised at the new non execs agreeing to it. The whole point is to increase value here by also increasing the sp in PLMO.
5) and seller RNS.
Seller has 75million left ( If seller has 75 million left can't be long until an uptick)
6) £770k.. with an intended investment into a company with multi billion barrel assets.
A proportion of recent investment will have jumped in off the back of the talk of an RTO and big gains in the short-term. The TR1s suggest confidence and an indication of things to come but maybe more as a medium term buy, at these bargain prices, and hold?
BUY , HOLD, SELL who knows - can't see these going much lower though. At least the reslts are out - lets move on and see if we can change this company. It looks like companys are buying into PLMO.
The investment was made on the basis that Oyster intended to list on AIM as soon as practically possible. The board's view was that given past experience of oil and gas companies migrating to AIM this would most likely see a dramatic increase in liquidity and likely a decent increase in market cap. (Positive to see movement on the UP)
During the year, the Company made a loss before taxation from continuing operations of £269,000 (2015: £149,000). There was a weighted loss per share from continuing operations of 0.02p (2015: loss per share of 0.02p).
Cash and cash equivalents at 31 December 2016 amounted to £175,000 (31 December 2015: £207,000). (Concern loss is increasing)
Your Board is continuing to review a number of other investment opportunities in accordance with its investing policy and further announcements will be made as appropriate.
The Directors are pleased to present the Strategic Report on the Company for the year ended 31 December 2016.
Thank you, just curious as morningstar have said a lot recently and just curious if it should be trusted. I am curious on what price rise we could see on this share as when DL was in charge this was 0.23 with no news at all, which is a 770% increase, so it must be a better deal that this to show the price when DL was in charge with no deal on any contracts. If we recieve any kind of deal I can see this going higher than 0.30p or even higher as how can it reach .23p on no deals and then further investment can not lead to a higher price. Could be 0.40p on the back of this hopefully.
I keep seeing the sp fall below 0.03p then quickly bounce. This makes me feel 0.03p is a great support but stock still remains below this price. Any ideas on how to find the amount of stock left? I can see the MMs have 4,000,000 at 0.025 and 0.2 (inc with CFEP, WINS, PEEL, STFL, SCAP, NOVM) but anyone no the actual figure.
The way I see the coming month or two is a r/t will take place pumping monies into PLMO from a private company as of the TR1 which seem to be more and more recently and this will either lead PLMO to become private itself or owned by the Limited company and remain as a plc to trade on the market at what would be a much higher price. Speaking to someone today the indiviual was very careful over what was said but sounds like AGM will be in coming weeks with some very big news. Interesting how this would affect the sp. I personally worry as I don't know how an r/t will be positive long term for the plc status on the company, or will it go to 'ltd' status.
The recent trades have all seemed to be at the bottom of the bid at 0.03p yet no backward movement below this level and then a nice rise before dropping to the 0.03p level which is showing fantastic support and each time it falls to 0.03p the Stochastic RSI (14) shows this as undervalued.
OK ' being cobbled together for the admission of a new company' for what purposes - so PLMO can be brought into that company or what as it will still have a suspension irrespective if a new company emerges in a different entity or am I not understanding correcly as it will still mean any shares owned by s/h will be suspended.
Do the results have to be out by 30 June 2017, or suspension?? Been here with a few other companies before like this with not wonderful results in the fact that the said companies were suspended. Any glimer at all to the results actually coming out in the next 4 weeks.
Getting figures out for an investment company should not take that long. However this time I feel there will be much more news at the time of the announcement and it is this that is the delay IMO. They could be lining up an RTO of course but if they don't release the results by 30 June they will be suspended. That wont be too much of a problem if they have something lined up as we will then get an admission document. Something is happening and this is underlined by the new Directors and shareholders.
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