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oh, and those clns were issued at 50% discount to today's opening price so you had to be quick if you wanted to beat those cln sells to take advantage of the drop.
that's why it's now sitting at 0.2ish... no more in it for the clns until some good news comes along.
best bit of news we've had today... and for a long time!
the bid's increasing because it's lost 50% of its value this morning. that means it'll have to bag from here to get back to opening price.
of course, that' entirely possible but until they decide to stop chopping and change, from restaurant services to rare earths to media to whatever next (which makes them sound like they haven't a real clue what their collective specialism is) the share is going to be speculative and rumour will run the share.
katstrangler,you need to read old RNS and also do some research how cash shell works.
cash in bank is 400k plus and shell is around 400k, that brings mcap of 800k.
so really less chances of going lower than going higher!
now company is trying to buy some asset as they did tried before will give big boost to sp here.
the deal is done imo,before readmission imo.
not long to wait........
BTW bid is increasing!!
How could they function as a cash shell and a viable RTO vehicle if they're not listed?
better make sure that heading doesn't turn into 'good byeing'. still sellers dropping the price.
now 0.2/0.22.
at this point you have to queston why they bothered relisting at all, unless it's the BoD selling and trying to salvage what little they can from the mess.
There’s a lot of noticeable buys here this morning and no small change either ! Hopefully good things going on in the background! We can only hope !
i think you need to read the previous RNS
it said that reverse takeover is coming!
also said they gave sufficient cash for the reverse takeover!
also can fund via cln!
so,looks good to me from here.......
it will start moving higher once people done bottom fishing.
dyor,hold tight
because they didn't post anything positive with the resumption.
idiots not to have included "we have several possibilities that we're in talks with, including funding."
of course, you can only post that if it's true.
one has to hope this has multibagging opportunieis on finding the right asset, rather than just resuming to try and rescue a few pennies from BoDs stakes.
even if incompetent, if they want their lifestyle salaries to continue they're going to need to pull something potentially juicy out of the bag.
HERE?
nearly all of that is obligatory statements. while it's all true, one would have to wonder why they'd bother resurfacing if there wasnt a chance of making something happen. there can't be that much money they can salvage by just keeping going while the sp is already down near 50%.
even if the company was another ICON, with well dodgy ceos and the like, there will still be a chance for good money to be had on the prospects, once known. just wouldn't stay in it for the longer term.
amended:
'''wont' be taking them if there's noone interested in buying...
mms won't be buying if they don't think they can sell them on... so someone must be wanting them and at a better price than they're being sold ?
the only optimism to be found is, IF news drops in the next couple of day, however sketchy, the sp will probably bag... and then some. but it's only current holders who are hostage to the suspension that will benefit.
until that news comes or is punted as coming, even knife catchers will be wary.
Maybe you should read the funndig risk/key personal risk parts of the rns on 31/03/2023. If any funds raised,at what dilution?
It's a SPAC. A cash shell. Yes it needs some funds, but this wouldn't be happening if they weren't confident of having access to sufficient funds to cover the costs of a RTO.
...because they haven't mentioned funds or assets? one assumes that there must be a point to them resuming but...
..everyone running for the hills? This is positive. Listed on six exchanges globally?
Doesn't look promising now cash wise ..no guarantee further cash can be raised when needed ?
to complete an RTO when target is identified !!
shocking
This is going to drop to around 0.10p, probably lower
For 10months and than this news which I was not expecting.
Gets re listed !
I’ve got 588100 shares , how much will this be roughly worth when it get resisted in the future. Thanks JP
"News, media, TV - totally bonkers and a no-go from the outset."
Don't you mean digital media technology? Explosive area.
WIll hold onto my shares on relisting as RTO will follow after relist. Do not give up your shares on the cheap. If peeps are in profit after relist then yes take the profit. Else hold as they will take all your shares on the cheap.
The Company now expects to publish its Annual Financial Report at the end of this month. The delays have been largely due to the busy season and resourcing challenges faced by the Company's auditors. Upon publication, the Company will make application to restore the listing to the Main Market.
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.