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Member Info for MrMagic

Member Since: Mon, 13th Jun 2011

Number of Share Chat Posts (all time): 7,843
Number of Share Chat Posts (last 30 days): 204

Last Posted: Sun 13:53

Post Distribution over the last 30 days

Sun 13:53

Using the numbers you have quoted for of £850K invested and holding 252m shares, consider this.

If holder spends a further £1 MILLION pounds (!!) at current SP of 0.08p then his £1m would buy 1.25 BILLION shares.

He would then hold 1.5 billion shares and have spent £1,850,000 giving him a new average of 0.12p.

He still then needs a 50% SP rise just to break even and he would have the task of selling 1.5 billion shares into the markets to actually realise that break even position.

You would have to consider carefully what kind of event would need to happen to promote a 50% rise, get past all the traders and investors who bought at 0.08p who will likely sell into any rise, maybe get past any currently running CLN (?) and then still have enough buying pressure to soak up the selling of the holder's 1.5 billion shares!

It seems a risky strategy to me and not for the faint hearted imo.

I've probably made a glaring error with the calculation here so feel free to correct

Sat 22:13

Very much not the case imo. What you call the "negative brigade" is in fact just a bunch of people who are bold enough to state things as they see them, whether that be good or bad. The "positive brigade", let's face it, are a bunch of temporary pump merchants who miraculously arrived just as the 1.5 billion placing dropped, no-one takes any of them seriously imo.

One can tell immediately that the Ramplings are losing the battle against realistic posters because they continue to try and ridicule and disparage rather than put up any kind of rational argument.

Case in point, I highlight the opportunities AB had last year to buy shares, ask rampers to put aside their bias and give an objective opinion, and all we get back is disparagement.
Sat 20:02

GL with your trade tradedesk. I hope you do well.
Sat 19:58

I think AB ought to own at least 10-15% of the company. At current prices 10% would cost him something like £350K. It would show willing, confidence and solidarity with the loyal shareholder base he often comments about.

However much people think he should invest, holding 0.52% or less is, let's face it, abysmal.
Sat 19:12

rrrRRRrrr - "He is currently not allowed."

lols. Old chestnuts best left for Christmas imo.

As ever let us review some hard facts, the better to put to bed nonsense to the contrary.

30th May 2014 - AB bought 4,500,000 shares at £0.002279 (= £10,255) during a share issue and CLN conversion

11 Aug 2014 - AB bought 2,215,330 shares at £0.002257 (= £5000) during a placing and CLN conversion.

Let us note that the Colombia deal was first announced on May 13th 2014. Therefore his knowledge of this deal can not imo be preventing him from buying at this time. He has made 2 director deals since that announcement.

One has to objectively ask, how is it that the chairman, who is so uber-optimistic and bullish in his communications to shareholders and the markets, is only prepared to put £15K of his own money into the company he is running when he finally got the opportunities to do so? Rampers need to put aside their bias here and be brutally honest.

In case you were thinking that maybe AB doesn't have the money, here is a review of his emoluments over the past 3 years.

Total annual emoluments (salary, pension, consultancy fees etc) :

2014 total emoluments - £139,008

2013 total emoluments - £154,746

2012 total emoluments - £221,729

That's over £1/2m in emoluments in 3 years and yet when the opportunity finally came up to buy shares (after long periods of not being able to do so and promising shareholders that he would), he puts just £15K in.

One could rest RRR's case right there on this single and comprehensive lack of investment by the Chairman.

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