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In freefall now
A very very cheap cash shell
Currently just a cash shell (with relatively very little cash) with a BoD whose reputation over the last 3 years doesn't exactly portray them as savvy business people. If they had stuck with the DISH concept and modified it to market needs the SP would probably be in the 10p range by now.
As for the proposed RTO what credible company will they be able to take over with around £300K and what will be the value to share holders? And what credible company would want this BoD as partners
But maybe the main point of concern is if the BoD are so confident of their strategy why are they not investing in and supporting their own company based on the current SP of £0.0013?
Mcap getting near to cash level now! Becomes a free roll of the dice and the bump and dump crew will probably get on it soon.
Shame the MMs won't actually let me buy at the advertised spread.
Shake of the decade dropping the bid on a £50 sale shocking mm's
Amala Foods PLC - cash shell - Further to announcement of April 19, says the company has been reviewing several potential transactions and has prepared a shortlist of reverse takeover opportunities in various sectors including healthcare, natural resources, and technology. Points out it has sufficient funding to undertake a reverse takeover.
Bunsen... What an oily, slithering, two faced post. I'll just pop over to their board and ramp another share on it... back in a moment...
1 offer now they are all moving quick.
L2 shows how misleading it can be. 4 mm's sit at 0.17p offer making it look weak yet online you cannot buy a bean, so it's going to move and it has dropped a long way since it returned from suspension
The Company has been reviewing several potential transactions and has prepared a shortlist of reverse takeover opportunities in various sectors including healthcare, natural resources, and technology. The Company has sufficient funding to undertake a reverse takeover.
The Company announced previously that it has received confirmation prior to the suspension being lifted that the Company is "grandfathered" under the regime change so that, provided a reverse takeover is subject to eligibility and prospectus review and approval prior to 1 December 2023, that such reverse takeover can complete with a market capitalisation for the enlarged share capital of the Company of less than £30,000,000 (thirty million pounds).
The Directors look forward to providing a further update in due course.
Nice to be kept informed. A good sign.
Feel sorry for peeps who have sold out on the cheap
Re: Corporate Update
Amala Foods Plc (LON: DISH), a shell company, is pleased to provide a further update following the Corporate Update that was previously announced on 19 April 2023.
The Company has been reviewing several potential transactions and has prepared a shortlist of reverse takeover opportunities in various sectors including healthcare, natural resources, and technology. The Company has sufficient funding to undertake a reverse takeover.
The Company announced previously that it has received confirmation prior to the suspension being lifted that the Company is "grandfathered" under the regime change so that, provided a reverse takeover is subject to eligibility and prospectus review and approval prior to 1 December 2023, that such reverse takeover can complete with a market capitalisation for the enlarged share capital of the Company of less than £30,000,000 (thirty million pounds).
Whilst there can be no assurances that a reverse takeover target will be identified, nor that a transaction can be concluded by 1 December 2023 so that eligibility and prospectus review can be completed by the FCA, the Directors are working hard to achieve these goals for the benefit for the shareholders and other stakeholders in the Company.
The Directors look forward to providing a further update in due course.
I never did dip in and it seems to falling away now
All my share are and have been a gamble but I always seem to lose in the last 2 years. And this one don’t look any different as usual !!
Bit of a gamble but will in it on Monday
if he wants to contiue his lifestyle ceoing he'll need to at least make it look like he has a plan and stick to it. but, atm, market's not showing much faith in Bishop.
Didn't think I would buy more here, but sorely tempted now as the price falls below 20 and the mcap below £900k. Seems a very very cheap entry for a company looking to be listed on the main market and as confirmed before, said company does NOT need an mcap of £30m+
Investor Bill... absolutely. Risk here now is that we have to find someone to RTO pretty sharpish.
we got cash in hand 400k!
and listing is worth above half mil.
so dish is currently undervalued, and with RTO will be doing wonders
good thing is that no director expenses so we will be sitting with that sort of cash till RTO!!
Its on the London main market not AIM which should make it more attractive for the 10-30m companies looking to float. The fact that it can take place under 30m makes it even more attractive IMO.
so they posted £30million... so what! i'd be happy for £5-10million mcap company to be interested in RTO to get into AIM.
plenty of companies out there that have mcaps of that level who do nothing at all... so if DISH pick something with prospects, i'm good.
How did the rto which should have produced around 2p a share go?
Ramping?
I repeat that any company that has a m/cap of £30M or more can afford to do their own IPO listing and will not need the DISH shell. This will only attract companies that have a value or m/cap of much less than the £30M minimum who could not otherwise get a Main Market listing but who can bump up their value in a deceitful manner.
Best of luck to anyone still holding the dog of a share.
As I mentioned earlier
One person is already trying to spread negativity here,lol
Ignore him and do not reply on his negative thread as well.
:)) :))
Or you will get a company with a real m/cap of £5M or even £10M pretend that their company is worth £30M and go through with the IPO only for the business to relist with a m/cap £5M/£10M with 2/3rds if the (pretend) value wiped off immediately.