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Absolute joker this lot. No mention of AAQUA, no mention of the missing £1m loaned to that p-rick, no mention of DEV or efforts to recover some of that and no mention of the court case against Candy. All while the BOD take a salary and bang on about Sentiance.
The new BOD is hell bent on recovering value at whatever cost from AAA. Shareholders are now being unilaterally punished through dilution as the company attempts a path to recovery. Why such a low value ? Well that’s obvious, there’s certain large shareholders that the BOD don’t want along for this ride…. It is only for a the select few, the HNW that have organised the BOD coup some 18 months ago. Some of us didn’t even know this happened, and since then there’s been no news of anything but this fresh initiative to dilute over and over. Once the BOD have diluted everyone to death they will close shop and sell the assets of AAAC to a bidder, thats the pay day for the persons behind this coup. No one can stop this now, a request for an EGM has been dismissed on 2 occasions now, the latest by AAAC BOD and themselves discrediting the proposed new BOD, apparently they’re not towing the line of the new dilution objective. The company isn’t run by shareholders it’s by the BOD that have control. This is very peculiar as they claim to being only paid in shares, when we as shareholders we had to pay for them in advance. This BOD will come in a screw everything up for everyone involved but themselves and their close allies. Don’t be surprised that the placing has taken full offers, but the offer of a cash raise to old money is not taken up. Suggest you use your money and find out how to get your nose into the trough in a different way.
What happens down the line now. Do our shares reappear soon with some trifling value?
Maybe it will eventually evolve into something else? It might take a few years though.
I won't be partcipating in this latest fundraiser as there is not enough details of the overall plan. Not sure why. As investors took part in the last fundraiser, maybe they have an insight.
Aaa isn’t run normal anymore. It’s a company that’s been supported by Rosen, Candy and a few key players with vested interests to take the remaining meat from the rotten carcass. Sentiance hasn’t produced a valuation on what it’s really worth, its ideas were fresh 6 years ago. But AI has moved on, they missed their window of opportunity. There’s plenty of systems on the market with way more market share than Sentiance in the insurance space. This BOD are selling you an opportunity to fund their ceo life styles. They’re all dead wood, they’ve latched on to a no go business cos that’s what these type of dead wood BOD do. They talk crap, and no action men indeed. It’s now down to scamming the original investors so they too can participate in the promised land with their new HNW mates. Bonnier won’t go to court m, Candy is the man that’s bought this down and boom with it. Neither company will do well until one of them is gone. That’s not gonna happen til the judge decides what’s going to happen
This is probably a stupid question but why would anyone join in the fundraising?
I must be missing something. If you can't trade in the shares then why would you..........?
Unbelievable... They've not replied to any emails that I've sent.. And they want more ££.. There is no way anyone's going to see a return on any investment here. If by any chance you're thinking of participating, don't.. Go put your ££ in somewhere else, this is a proper sihteshow, severe lack of communication from them except when getting the begging bowl out.
They should be spending their time and whatever ££ they have in getting Bonnier locked up!!!
Another fund raise... https://aaacap.com/2024/04/12/1-75m-placing-1-75m-open-offer-to-all-shareholders/
Spare cash after the latest dilution. Not enough raised to take over Sentiance. Should have stayed a Tech Investment company and that way we could have sold out before they had to delist.
AAA have revamped their website. Is this a positive indication of progress afoot...who knows but why would you if all is not well.
It’s utter garbage the way shareholders are treated sometimes ,there seems very little regulation at all and timeframes for this should be set at 3 months maximum.
I've tried to forget about this share disaster or utter s&*tshow for what of a better expression! Where are we with this now? How can a company delist for an indefinite period of this duration and not be held accountable? I've got a lot tied up in this and like many for sure....answers and accountability needed from this lot!
Some pretty hard hitting truths there in CV accusations. This chap Bonnier and his wife are gallivanting around the world, certainly are not suffering unlike the many investors who lost their money and believed in his spiel. Bonniers claim that Candy cost him irreparable damage is complete BS as if he was a true businessman he would have kept the company Aaqua running using a Directors loan, but instead he chose to close the company and spend his money fighting a law suit that costs him millions a month. Eventually if his gamble pays off, and he even beats CVS, well the sour taste of victory will leave him and his missus high and dry. When everyone else would have lost. Aaa shouldn’t care and get on with business as usual, howver the fact that Bonnier and his wife are big shareholders in AAA will probably halt that progression. Just like boom has suffered with these toxic partners, AAA will collapse if it every relisted without resolve.
At least the court has ordered Bonnier to repay the £1.3M. Anyone know if he has appealed that ruling?
Doesn't seem promising...
https://www.thisismoney.co.uk/money/markets/article-13120907/Property-tycoon-Nick-Candy-takes-aim-fallen-dotcom-star.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_gl=1*zqhmvt*_ga*MTgxNjY4MzMxLjE3MDgyNjIzMDY.*_ga_XE0XLFFF16*MTcwODkzNzgzMC4xNC4xLjE3MDg5Mzc4NTEuMC4wLjA.&_ga=2.7617586.1657195314.1708937831-181668331.1708262306
No time soon... Bastard Bonnier has had us all over a barrel I'm afraid, no way any that loan getting paid back.
This punt been a hell of a lesson as to why playing the Aim markets is all about risk and placing get out levels and trying not to be too greedy.
Good luck everyone and all the best for the New Year!!!
When will the RB pay back the secured loan that was made to him for GBP1+ million, does anyone know the details of the security that he put up, why was this loan offered in the first place ?
It needed a tie up with one of the big players, hopefully that horse hasn't bolted.
To market Sentiance to all the insurers worldwide as an AI solution to monitor driving and learn it’s users driving behaviour. This information shall be used to drive down policy premiums, maybe even develop pay as you go, whilst at the same time focus user based ad campaigns to influence user life style choices. Well that’s what it should have and could have been, however after multiple years of doing next to no marketing Sentiance seem to be just good at the science and not the business development of the application. It’s fools gold that just burns through money with no published accounts. No one even knows what it’s worth.
?
Published: 19 October 2023
Subscription for new shares. Investment in Sentiance
Further to its announcement on 1 September 2023, the Company confirms that the Sentiance N.V.
(‘Sentiance’) placing completed on 18 October 2023.
Following this investment and that of other existing Sentiance shareholders, including Toon
Vanparys (Sentiance’s CEO), KPN Ventures (the venture capital arm of the Netherlands’ leading
telecoms company), Volta Ventures (a Benelux venture capital firm) and PMV (the investment
vehicle of the Flanders government), AAA now owns 31% of Sentiance’s enlarged issued share
capital.
AAA will continue to update shareholders on developments within the Company and Sentiance.
The only hope the new BOD has to grab Sentience is to raise considerably more than a couple of million. Maybe Van Rosen is in the mix, however you’ve still got CV and Bonnier fighting in court. Until that is settled, I can’t see sentence as seeing any seriousness to a tabled offer, especially as they were backing and been introduced by Bonnier. Bonniers probably pulling out all the stops to prevent the new BOD (his hate group) getting a decent slice of sentience. Did you not see the new announcement of sentience into indonesia insurance business just lately ? Bonniers missus is Indonesian, would you think such a thing is coincidence? The story has a lot of twists and turns at the moment, 2 million will be just peed away in BOD fees, that’s why they got no news. They’ve just diluted shareholders value to keep them all happily engaged in the war of words…
No argument on the current situation…
I believe that the raise has completed. I suspect that there will be a RNS soon.