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I'm positive on lots of stocks but I tend not to post much unless there is action. Art makes a valid point but given the size of deal they are looking for and the tiny market cap there is always room for a spike inbetween. Some stocks are doing 200-400% on no news at all mad market
Taken a small punt! reckon we could see a spike here! haven't seen Davey positive on a share before which gives me good vibes hahaha
The Company is now actively seeking to identify new opportunities to generate value for shareholders and with having secured new funding in line with the CLNs, the Directors look forward to updating the market in due course.
0.28 ml market cap before the rise, looking for a huge deal, obviously little stock around both way 10% is only £28k so anybody could buy a notable stake here. Mad markets for chasing spikes so if the herd chase this after ITS it could easily do 50-100% I always thought it was oversold but so is everything atm until they spring into life and spike
Company is "grandfathered" under the regime change so that, provided a reverse takeover is subject to eligibility and prospectus review and approval prior to 1 December 2023, that such reverse takeover can complete with a market capitalisation for the enlarged share capital of the Company of less than £30,000,000 (thirty million pounds).
The difference being that ITS have provisionally appointed 2 new directors who look to be ambitious and successful and who are both based in the UK. Also, the old board are standing down. DISH have appointed a relatively unknown Chinese woman, based in China, and the 2 existing board members are still here, with Aidan Bishop still trying to run the company from the Phillippines - look how that didn't work last time.
The madness in ITS might give shells like Dish a boost, it does not take much buying to have the mm's running for cover and NT to buy already
In freefall now
A very very cheap cash shell
Currently just a cash shell (with relatively very little cash) with a BoD whose reputation over the last 3 years doesn't exactly portray them as savvy business people. If they had stuck with the DISH concept and modified it to market needs the SP would probably be in the 10p range by now.
As for the proposed RTO what credible company will they be able to take over with around £300K and what will be the value to share holders? And what credible company would want this BoD as partners
But maybe the main point of concern is if the BoD are so confident of their strategy why are they not investing in and supporting their own company based on the current SP of £0.0013?
Mcap getting near to cash level now! Becomes a free roll of the dice and the bump and dump crew will probably get on it soon.
Shame the MMs won't actually let me buy at the advertised spread.
Shake of the decade dropping the bid on a £50 sale shocking mm's
Amala Foods PLC - cash shell - Further to announcement of April 19, says the company has been reviewing several potential transactions and has prepared a shortlist of reverse takeover opportunities in various sectors including healthcare, natural resources, and technology. Points out it has sufficient funding to undertake a reverse takeover.
Bunsen... What an oily, slithering, two faced post. I'll just pop over to their board and ramp another share on it... back in a moment...
1 offer now they are all moving quick.
L2 shows how misleading it can be. 4 mm's sit at 0.17p offer making it look weak yet online you cannot buy a bean, so it's going to move and it has dropped a long way since it returned from suspension
The Company has been reviewing several potential transactions and has prepared a shortlist of reverse takeover opportunities in various sectors including healthcare, natural resources, and technology. The Company has sufficient funding to undertake a reverse takeover.
The Company announced previously that it has received confirmation prior to the suspension being lifted that the Company is "grandfathered" under the regime change so that, provided a reverse takeover is subject to eligibility and prospectus review and approval prior to 1 December 2023, that such reverse takeover can complete with a market capitalisation for the enlarged share capital of the Company of less than £30,000,000 (thirty million pounds).
The Directors look forward to providing a further update in due course.
Nice to be kept informed. A good sign.
Feel sorry for peeps who have sold out on the cheap
Re: Corporate Update
Amala Foods Plc (LON: DISH), a shell company, is pleased to provide a further update following the Corporate Update that was previously announced on 19 April 2023.
The Company has been reviewing several potential transactions and has prepared a shortlist of reverse takeover opportunities in various sectors including healthcare, natural resources, and technology. The Company has sufficient funding to undertake a reverse takeover.
The Company announced previously that it has received confirmation prior to the suspension being lifted that the Company is "grandfathered" under the regime change so that, provided a reverse takeover is subject to eligibility and prospectus review and approval prior to 1 December 2023, that such reverse takeover can complete with a market capitalisation for the enlarged share capital of the Company of less than £30,000,000 (thirty million pounds).
Whilst there can be no assurances that a reverse takeover target will be identified, nor that a transaction can be concluded by 1 December 2023 so that eligibility and prospectus review can be completed by the FCA, the Directors are working hard to achieve these goals for the benefit for the shareholders and other stakeholders in the Company.
The Directors look forward to providing a further update in due course.
I never did dip in and it seems to falling away now
All my share are and have been a gamble but I always seem to lose in the last 2 years. And this one don’t look any different as usual !!
Bit of a gamble but will in it on Monday
if he wants to contiue his lifestyle ceoing he'll need to at least make it look like he has a plan and stick to it. but, atm, market's not showing much faith in Bishop.
Didn't think I would buy more here, but sorely tempted now as the price falls below 20 and the mcap below £900k. Seems a very very cheap entry for a company looking to be listed on the main market and as confirmed before, said company does NOT need an mcap of £30m+
Investor Bill... absolutely. Risk here now is that we have to find someone to RTO pretty sharpish.