CP, loan conversion to equity announced 1/06/17 certainly helped them on their way. Somewhere there, probably, must be some announcement saying that they are excused from making a bid for the company (over 30%) but Ive not found that yet.
Just had a quick look through the News list to find the 1/6 announcement and didnt read all of it, just enough to see their allocation of shares. But, at least, it demonstrates faith in the company.
Still on the 92% discount thread, Ive finally twigged why the offer price was so low....
Someone phecked up and got the decimal point in the wrong place and thereby decimating the
Any value here destroyed by this OO. Ridiculous decision to try to raise money at this price. Why on Earth did the BoD choose this preposterous route. They could have raised at 10 Times this amount and folks would have joined in. Now worth only 20% of recent highs.
Ps. Not worth selling, my holding is virtually worthless. May be slightly improved depending on allocation
Can any1 explain why our directors would make such an offer ? They could have offered the new shares at .06p, it would've been taken up and TSTR. could've had 5 times the amount of cash if they so wished!
i'm very happy that we have such an opportunity but it just doesn't make sense to me.
If you do nothing, nothing happens. Im still trying to work out the new system here. Try first viewing each corporate action. And make your choice of entitlement only, or entitlement and excess if you want them.
I seem to have a revised deadline for the offer on my ii account but nothing published by TSTR.
Strange to say the least.
Can someone tell me what the thre options mean and how to fill in the three options . If I do nothing does it mean I will be given 2.25 shares to,each one I have ? So what are the advantages of buying the other options ?
At 0.01p !! To existing shareholders only.
But dont rush out and buy because the qualifying date has already gone (19/12)
Funds required to finish the roaster where commissioning has been delayed. Production now slated for h1/18 with full production being ramped up over the following 12 months.
All processes to get underway are in hand including recruitment of staff.
Wonder if theyll get any takers ;-))))
Huge spread yesterday, I tried a dummy sell and was offered only 0.115, this when the ask was 0.16. Daylight robbery ! Didnt do it, of course (sell that is). Im waiting to see what happens when the roaster is up and running.
Buy on dips, eh?
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