So much for me 'solid base'....................Anyway,Imagination Holdings Limited
ie Mr Wong now owns 21.95% of GON:
Galleon Holdings PLC
07 November 2007
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES
http://moneyam.uk-wire.com/cgi-bin/articles/200711071743222455H.html
There were 27,586,212 shares injected via the 'placing'
Ashcourt Asset Management Limited (Ashcourt Nominees Limited) = 1,724,138 (6.25% of Placing)
Imagination Holdings Limited (Imagination Holdings Limited) = 6,806,897 (24.67% of Placing)
Cheyne Capital Management (Cheyne Global Emerging Markets
Fund L.P.was subscribing for 3,448,276 but no Notification yet = 3,448,276 (would take 12.50% of placing)
So there are 15,606,901 shares or 56.58% of the Placing to be announced,taking Cheyne as a done deal.Obviously 'Holding' statements are only issued if a holder owns 3% or more of the company as a whole.
Then any new holder who buys or exceeds 2,918,220 shares would have to notify the powers that be.
Bugger,still lots to learn as will have to check on this also,as in any single holder already over the 3% has to declare any further buying/selling activities of any value.
Further ramblings:
If the 8 million (27,586,212 Ordinary shares) were NOT all via a 'Placing' then I would be slightly worried.The shares have all been bought at 29p which doesn't mean the company is worth 29p per share at the present time but it does show that the bigger players are happy to pay 29p with the information they have at hand on future growth for example-imo
In percentage terms I own less of GON now than I did say six months ago but then they were only worth 6-12p per share where as today they are about 27p per share! If there wasn't the Placing to raise 8 million then how would GON expand to achieve their future goals?
Exciting times ahead or should I say further! All in my opinion dyor ect ect ect