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Because at the time it looked good. Talked the talked but delivered jack shit ever since. It drifted and nothing has happened ever since apart from consolidation that really topped it off. Bod are absolutely shit. Not one has bought shares since 2013 which saus alot.
I mean't back when your holding was larger. Either way, every chance come the 2nd Nov you can claw some back. Not sure why everyone is so negative when we are going to be trading again with a new company!
Whats the point for that much. Trading cost etc.
guess you guys have not noticed the warnings.......the value of shares can go down etc......however you have my sympathy I do have been duped many a time with AIM shares who promise heaven (and the story looks good) and they deliver sweet FA. MIN, LGO, SER, MTA, SLE........the list is endless. However there have been highlights, sometimes with the same companies....LGO (CERP), RRL, UKOG, SER, TRP and many more, but it all depends on when you join the story - timing being everything - ORE I bought at 1.7p, so at 10:1 consolidation and a 15p opening price I'm still down? One then questions the prophecy of TW that it would come back to market at 4p, or 40p........a long way off if the 15p is correct. Whatever....you pays your money and you take the chance. This type of investing is like going to the bookies isn't it.
Eddie, why didn't you just sell then?
Im 99.34% down at the mo. �3352 is know worth �25. And now even more. I hope the bod die a painful slow death. Taken their high salarys for last few years doing f### all.
I see well I want �10.50 then for my 40 shares recoup my money what a load of rubhish!!!!
I don't know how long you have been here, but if you had an initial investment, say, 12 months ago with the AIM jockeys running this show pocketing their �150,000 a year for doing squaddly, 100,000 shares were diluted that left you with 400. We now have another dilution of 10 for 1, which means you now have 40 shares. There will be around 65 million shares in issue, and they expect a price of 15p a share when trading starts again, in a company turning over less than a million quid a year that won't be offering a dividend for years, as stated in the RNS. That equates to a company valued at �9,750,000, with no return for years, and a valuation 10 times their current turnover. If this was in Dragons Den, they would be walking to the lift empty handed.
Sorry typo 1,000x15p
10 to1 x 100,000 am I missing something here ?is that not 10,000?opening price approx 15p?
100,000 shares magicked to 40 by the wave of a wand. Yep. I'll never see any return. Whatever happens, and we have been told not to expect a dividend for years, this is the only share I regret buying into as there is no hope whatsoever of me recovering my initial investment. Earthworms will have eaten my carcass a long time before then.
At this rate I will owe them shares
Great to see some news exposure like this.
Women's fashion brand Sosandar to float on AIM in reverse takeover http://dlvr.it/Pts6Bh Sosandar was established last year by Ali Hall and Julie Lavington, the former editor and publishing director of Look Magazine. The two co-founders are now set to become chief executives of the enlarged company. Adam Reynolds, chairman of Orogen, said: �Sosandar�s management team has extensive experience with the fashion sector, a solid understanding of their target demographic and is well connected with the fashion and media industries. Since its inception in 2016, Sosandar has quickly established itself and is already creating a stir in the fashion industry."
Finally something! Absolutely no idea where this will go after the suspension is lifted. This does seem like one of Reynold's best RTO's so here's hoping for monster rises ASOS style!
I have to say in ref to your last sentence, I was apprehensive given the long wait to hear anything however it does seem the BOD have their heads screwed on and didn't just jump at the first thing that came up. Their dd seems solid and I think we should be in a good position come 2nd Nov. I would also expect to see this rise substantially out of the gates on day one with steady rise in SP following that imo
Post the restructure there will be 61,572,338 new shares in the company. At a share price of 15p that's a mcap of �9.2m. The company should have a healthy cash reserve given they're raising �5.3m, some of which I imagine will be needed in the near future. It's hard to look at that and say there isn't potential for significant growth if the new BOD get it right.
Effectively Spec yes. The company has changed direction massively from an exploration outfit printing shares like confetti to stay in the game to a retailer who will be generating revenue and very possibly profits from the off. The suspension won't bring the bags but steady growth in the new business, revenues, profits etc over 2/3/4 trading periods will.
Me if I'm wrong but the raise is done post consolidation so at an effective SP of 1.51p. It's not very clear to my untrained eyes though but had me going for a bit. No easy 10 bagger :-(
I'm hoping he's forgotten the proposed 10:1 consolidation...
The share price upon reopening will be c15p. Are you saying it will drop to 6p? Some drop if that's the case.
6p coming I think in November
This is going to go mad on the open in November. Hearing that institutions have fallen over themselves to get stock. They could have raised over �15m - what does that tell you
No wonder it took so long to get an RNS, must have taken 5 months to write haha. Good news though and great to have a time scale of what's to come.
we are getting somewhere.