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I’m looking into this one.
Its a pretty decent place to put some profits from EUA for another multibagger
Facebook incoming
buy when market is busy elsewhere all that EUA money will be here soon
the herd will realise the time constraints here soon will take a load from me at 2.42 so all good here sit back and relax
Certainly possible. However i don't really care who buys it. If they offer $30m+ then it makes MTMY a multibagger from these levels and it could quite easily be nearer $50m
Could it be Facebook to buy Matomy, as two weeks ago Facebook bought an Israeli start up for undisclosed fees.
Facebook have Israeli connections.
NT to buy now after them few buys
couple small buys and look ASK up at 33.25p now haha. Could be fun on news day
Taking advantage of a few early sellers who are inevitably off to chase other shares. Struggle to buy much volume
Perfect timing for after the sale hopefully is confirmed and completed. Lets see if they hit the deadline. 7th oct RNS was pretty encouraging
Got a link
Has anyone had chance to translate from
Hebrew yet?
Lol madness
Good trade.......not!
Thanks interestingGenius
Yes that sits pretty much what I thought on the information available.
Let’s hope then we get that rightful RNS on this before the weeks out.
Cheers
Think the general consensus is a sale price between $35m-$40m. Which would enable company to pay off Bond holders and be left as a clean debt free shell with circa $10m cash in bank.
So you can see how the current £2m mcap looks attractive.
Dipped my toe in here today with a few grands worth.
What’s people’s realistic thoughts on the sale price of TI and are the bond holders still to be repaid out off the sale proceeds?
Thanks
Starting to look very strong
Algo trades helping
Into the 3’s
GLA
Its because its SETS traded. Anyone can influence the spread by putting an order into market on BID or ASK.
However that being said some nice buys this morning and i reckon things may heat up here quite quickly this week
.....is all over the place this morning!
I picked up £5k ish over the past couple days everytime it dipped towards 2.5p. Will continue to add on dips if opportunities present. But the clock is ticking and feels like this could really start moving up soon.
I've done alot of research on this past 24 hours. Risk v Reward stackes up. Deal dealine next week sounds highly likely to go through based on 17th Oct RNS. And the chances of that meaning decent cash pot for MTMY is pretty high. Which in most cases will probably mean a multibagger from these levels. Certainly 6p-10p
£2m mcap. If Asset sale goes through for $38m or so then there should be some cash left over from MTMY on top of the cash rebate in Dec. So on that basis it looks cheap. Could end up being a cashed up clean shell with no debt or liabilities.
However, it is an Israeli company, so that is a red flag. Also the company has mentioned numerous times past 6 months about the potential to struggle to continue as a going concern. I'm assuming since Team Internet is still a decent performing asset the sale should be attractive to a buyer, and as per 17th Oct RNS looks like final stages. Which is obviously great news.
"The Company requires additional capital in order to fund its liabilities (such liabilities include, among others, liability to non-controlling interest and convertible bond liability). There is no assurance that the Company will be able to obtain such required additional capital. The Company believes that these conditions raise substantial doubt regarding the Company's ability to continue as a going concern. For further details, refer to Note 1c to the Company's financial statements and to the Auditors' Report." - From Interim Results
Anyone know how much cash MTMY has in the bank?