Intercede - overlooked SMART CARD & DIGITAL ID micro cap
rambutan2 - Sun, 18 Dec 05 :
what a silly thing to say blueliner.
i happened to be looking at the last report and accounts this afternoon, and as at 31/03/05, unprovided tax losses carried forward were £4.7m. igp is now in a position to start making good use of them.
i was also reminded that the 31/03/07 cnvs have a conversion price of 41.4p - up to a max of 1,086,800 shares, so could come into play before long if the owners so choose. (the 11/12/06 cnvs have a conversion price of 60p)
likewise, there are the 2,982,919 wrrs ex at 7.8p, a bunch of which will have to be exercised by end of next year ie 11/12/06. with regard to the recent rns...
The Company received notification on 8 December 2005 that, pursuant to an
agreement dated 7 December 2005, San Mackenzie Enterprises Ltd. has acquired
1,207,845 ordinary shares of 1p each representing 3.6% of the Company's issued
share capital and accordingly now has a total notifiable interest of 1,463,216
ordinary shares representing 4.3% of the Company's issued share capital.
i think it quite likely that one of the holders has sold on shares in the knowledge that it still has wrrs to keeps its shareholding up. in any case, ive failed to discover who san mackenzie is/are - it's not you is it wjccghcc? - but will be interested to discover who the seller was when they get round to informing the lse, as they have to.
