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A DMA sale at 0.58p for 300k took it down in the auction, which was stupid because CFEP was bidding 0.59p. Whoever it was, if they had any wits about them could have got at least 0.5925p.
Anyway, a very good day. Well done Tragic old bean.....
Hey Tragic old buddy,
0.6p paid as I said hours ago. Ooops, I have better get my CLNs out and convert them because Tragic says so..
xx
You might think so because you know nothing and understand nothing, hence why you lost all your money..
£20k just went through in two buys, more mug punters?
Just more hot air, fluff and bluster Helpful. You did this for years at Mayan Energy which utterly trashed it's SP through endless dilution.
You don't even hold 3% here. You're not confident enough to even have your holding declared and yet make ridiculous fantasy comments about future SP valuations. What a joke.
The "liquid" assets are only of use if you liquidate the company imo and sell them and divide the proceeds up to shareholders. Otherwise any cash received through the sale of assets and holdings would get exposed to the preposterous levels of cash spent on Admin and expenses here. Admin last reported at £282,000 for 6 months or equiv to £564,000 a year. Then there are "Other Project Expenses" (reported at £126k for the 6 months to 31st Dec). The value you attribute to the "liquid" holdings would simply seep away imo.
Perhaps you can tell readers here what happened to the money that Bell raised from selling 1.5m Jupiter shares last year on the quiet . . .
DYOR
Again, this explains why you get everything wrong and lost all your money.
1. A CLN means that I carry no risk unless the company goes down the pan and the security and/or the company is worthless.
2. In this case we know of one asset worth about £2.9mil and another work about £400k both liquid. We also know it has other assets: what are the chances of it being liquidated and us losing money: I know it is zero, not negligible but zero.
3. If the share price doesn't move I accrue interest a rate of 9% over what is called the riskless rate of return. That is called a super normal return. I get that return partly because of people like you spending 2 years of your life ramping Andrew Bell and 8 years of your life ****ging him off. If the company and its assets were fairly valued I would not get that return.
4. In the meantime, I accrue interest and so the position that I can convert becomes greater month by month. It suits me that the share price is at my target price for exit in December 2020 rather than now. If I convert and get out now at 2.5p, I make less than if I do the same in December 2020.
5. If I can convert and get out at 2.5p in December then I have had a riskless return of about 16.67% on my month for a hold period of 4 months: ie., my annualised return is 3x16.67% ie., about 50% pa. It is not possible to get a riskless return of 50% pa elsewhere and I have lots of investments.
6. In reality, I think I will get out at greater than 2.5p, in fact well in excess of that. You won't understand that because 1 you are biased 2. you are uninformed 3. you are uneducated 4. you don't know how to think like analyst.
7. I hold shares, CLNs and warrants. Some of my warrants are at 0.75p and some at 0.9p. I fully expect to make a life-changing amount of money here, an amount that you could only dream of and the only reason and I must emphasise THE ONLY REASON it is possible is Andrew Bell and the antics of your little gang of monkeys.
xx
Helpful - "Why would any sane person holding a CLN convert at 0.6p when the price is 0.6p in the market and take the risk of getting out at a loss?"
My personal opinion. Because the Loan Notes have been rolled over for a 3rd consecutive year and thus holders have their cash locked in with them when it could be being used almost anywhere else in the stock markets earning good money. Also because If the SP were to reach say 0.65p CLN holders might be of the opinion that the SP might drop again below the conversion price leaving them locked in again and so converting to prevent that at least gives them the option what to do. They can convert and hold the shares to see if the SP rises or convert and sell for break even and put the cash into far more lucrative shares elsewhere.
Helpful - " Why would we give up the 1% pm interest when we don't have to?"
Because you can make 100% elsewhere in the markets. People don't invest long term in AIM for a paltry 12% per year return imo. It's rather like the mentality of people who buy Premium Bonds who say they can't lose because they can pull their cash out at any time but they don't realise that their cash could and should be making good interest and returns elsewhere and so they are actually losing money.
In the current volatile markets across the stock market I'd say if your money is only making 12% you're losing overall. It should be making far more return elsewhere.
DYOR
Again, why do you understand nothing even when you have been told how something works.
The CLNs can be converted at any time up to 19/12/2020: the market price has nothing to do with the conversion rights. The conversion price is 0.6p. The amount converted is the capital plus the rolled up interest. The interest is 1% pm.
Why would any sane person holding a CLN convert at 0.6p when the price is 0.6p in the market and take the risk of getting out at a loss? Why would we give up the 1% pm interest when we don't have to? Try looking at the 3 month chart for RRR Brain of Britain.
If you look at what is happening right now, it looks like there is a background buy order: we will know later. I expect that 0.6p will be paid by the end of today.
DYOR
And a factually incorrect reminder for anyone that ACTUALLY understands the principals of finance (unlike magic) is that a conversion on debt into equity reduces to liabilities of the company and hence increases the net assets. You cannot deramp a share both ways. You cannot say concerting is bad but then seperatly Say the company has liabilities (whilst ignoring the fact that converting increases assets). I would assume that continuing down this path of false information you separately spread would put you in hot water.
A reminder for anyone new here:
A load of Convertible Loan Notes are outstanding here and have been rolled over for the 3rd consecutive year.
Those notes will be free to be converted into many millions of shares if the SP reaches the 0.6p conversion price.
Also a bunch of warrants at 0.9p. Both will imo serve to hold the SP back.
RNS'd here:
"Holders of £830,000 principal value of Notes have to date applied to renew the Notes for twelve months to a new final redemption date of 19 December 2020, with an adjusted interest rate of 12% and an adjusted conversion price of 0.6p per Share. The Warrants of renewing Noteholders have been extended to expire on 19 December 2022, with an adjusted exercise price of 0.9p per Share. "
https://www.lse.co.uk/rns/RRR/renewal-of-convertible-loan-notes-0cgrfgdovblyfmk.html
Ramper Helpful here owns a load of those CLNs. I therefore personally ignore his desperate pumping attempts to get the SP to that conversion price. Each to their own.
DYOR