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Truro, Trapper is deranged. Enough said. Utah is not just plank of the week - he deserves a lifetime achievement plank! He's from NZ, and they call us "whingeing poms"! He's continually complaining about this or that. You should check out his posts on the SAR board. SAR is up roughly 500% over the last year or so, and he's still moaning. Best just to filter the ignorant when they talk absolute bolox.
I find it strange that neither Trapper or Utah seem to know the difference between share options and the exercising of them and the totally different activity of fundraising. It is also bizarre that they think the par value of shares has any major bearing on any of it. There unwillingness to engage positively means that any chance of correcting them is impossible.
It follows that because their knowledge is apparently lacking in these areas it may well be true that they have other knowledge gaps which in turn makes their opinions possibly flawed and unfortunately filtering may well be the only answer.
Utah - I'm a little uncertain re your ( rather patronising if I may say so ), instruction to be a good boy and learn a little. The accounts merely confirm the RNS of the 27th of May '20. This was indeed a fund raise and a dilution.
If you read trapper's post of wed at 07.49 hrs. you will see he used the word "regular"' to describe fundraising and dilution by PYC. I took exception to this as it is, to my knowledge, not true.
He has failed to prove that PYC do this in a regular, usual or habitual manner. What do you think? Is he right or is he wrong?
Basey old chap, thanks for your contribution which has pushed the number of comments today into double figures but more importantly still 2 ahead of the total trades at 3.00pm. It obviously doesn’t worry you that on most days it’s barely double figures in trades for all those millions of shares out there - your comments are actually baseless and show a complete disregard for what the reports actually reveal
You can’t even lead the blinkered and embittered to the water lol.Stuck in a time warp with no ability to embrace the new and present even when it’s pushed in front of them..Excecises in Neuro -plasticity Urgently required!
And how many shares are now in issue Utah? .Less than 100m is the answer .I’m sure you can reel off a myriad of Aim companies with so few shares in issue.-not -with less than 7ml mcap..It’s the sector Pyc operate in that’s important and the multiples within that sector which are the norm not the penny and pears accounting which those deramping are so keen to apply here.All irrelevant really.
The last thing i would want is for you to do my research as, based on your post of 10.43, I would not be able to trust it. You assert that on the 5th of August there was a fund raise. This is untrue. The 7 AM one was an announcement of the granting of options and the 1 PM one was the exercising of options. Either you are woefully ignorant of these matters or you are clutching at straws. I say again - Either prove your statement or admit your wrong.
Truro, I’m not here to do your research for you. There was a fundraise in August last year (after the one you mentioned which must question your due diligence). There was also one in early 2019 - I can’t be bothered to go back further for you but having invested fir 19 years it a regular feature. I can’t believe you’re blind to how a company supports 10 years of losses - there isn’t a money magic wand I’m afraid fella .... good luck
Where did the £6m share premium account come from? The company would be bankrupt without the funds to support £6m of sustained losses...... Read the announcements as well...... new shares were issued since your May 20 date in Aug 20 .......
If, as you say, there has been regular dilution/fundraising how many times has this occurred and when? I have read the annual reports and I see no mention of this. I do not require you to justify your comments but I do require you to justify your supposed facts.
Truro old chap. I have been invested in PYC for over 10 years and there have been numerous fundraising - how else has the company survived all this tome with cumulative losses running into £millions? I’m not here to justify my comments but merely to make sure that riddlers posts are given some balance. However I will make an exception for you old fella. Total Equity (NAV) is £1.3m following cumulative losses of £6m, called share capital is £1.3m. All this is supported by the share premium account (fundraising in this case) of £6m You would be better off and a lot wiser by reading the annual report rather than Riddlers diatribe IMHO
I say Trapper - would you mind clarifying the regular fundraising and dilution you that you have stated that took part at hugely discounted prices. I only know of the one last May. Dates amounts and prices would be helpful.
I hope you don’t regret it, Riddlers posts are very bias. He fails to see that PYC is a tiddler when making comparisons with giants and also fails to acknowledge that the SP already represents a significant multiple of the NAV. I think he may have missed the regular fundraising and dilution at hugely discounted prices that individual shareholders don’t get access to.... oh and I think he may have missed the point that similar promises have been on the horizon for 10+ years now.... Good luck!!!