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Member Info for redknight1

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Member Since: Tue, 2nd Mar 2010

Number of Share Chat Posts (all time): 585
Number of Share Chat Posts (last 30 days): 0

Last Posted: 9 Nov '15

12 Feb '14

Right now I'd rather be in gold/silver companies like FRES where I bought recently at 687 and despite not showing on the daily risers are up 30% or so since....also got MML, MARL, CNR, HOC, etc...

Sorry for OT but miners more exciting than telecoms/cloud right now?
12 Feb '14

Sorry mac, the figures are already adjusted for consolidation as I pointed out. PINN's high was the then equivalent of today's 37.5p and COMS was 0.73p.

That's why I said "astonishing" because PINN's last report is still way better than COMS financially but Dave Breith has showed how inadequate AB and his Board were at PR

No I don't hold any COMS ATMO and you know I sold out of PINN while I still had a profit

IMHO COMS is a bit frothy right now, but its advisors may be ramping it for a ************** takeover of PINN on at least five times worse terms than than those the PINN Board so arrogantly rejected... I wonder what their IIs think of that now?
12 Feb '14

Less than a year ago PINN's sp was 50, yes 50 times the COMS price; now they are virtually the same. Is PINN about to run out of cash and, if so the 21p bid the BOD turned down would be regrettable.

PINN have still not appointed a CEO.

So question, will COMS return with a low-ball bid or wait to buy all or part of PINN out of administration?

PINN Mcap £3m; COMS £89m; astonishing.....
17 Jan '14

Fair enough......respect mate
17 Jan '14

Looks like the placees are happy to take a 25% profit
17 Jan '14

Sorry? What nonsense is this?

The Directors recently got 220 million options at 25 (4.9% of the MCap at the time), so how do you reckon they have no liability?
17 Jan '14

Because EDL is now funded through till 2016 when the power station would open (except for the latter costs of course which would be project funded)

Current MCap is £4.36m and estimated cash is £1.3m, ie 30% of MCap

Be honest, did you ever think you would be able to buy shares at a 53% discount to what Darwin paid only 4 months ago

Maths is:

Cash at 30 June £342k; raised from Darwin £390k; raised today £1 million; total £1.73m

Annual cash burn £600k
17 Jan '14

The placees have 22.5 of the revised MCap so we should have at least one holdings RNS soon.

With the pre-placing price at 15 and the new shares issued at 7 the weighted adjusted SP should actually be 13.20 post placing so huge overreaction here

I've doubled up and put them in the drawer
17 Jan '14

TDW showing last price 1.55 up 16.98% on the day!!!

Why is the spread still 130/135? Are they in auction?
17 Jan '14

1.94 million bought at 1.55!!! Somebody is really keen. Closing a big short?

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