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Fort, there's no equivalence between the 4.5m and director dealings. Totally different subject, particularly when you bear in mind SC wasn't even on the board when the cash went missing - NM was and it was entirely indicative of his style of non-management. Incidentally, when we became aware of the 4.5m I was one of the few people who initially kicked-up a fuss and from time-to-time I still ask why the company hasn't made any further announcements about it.
I take you back to my question; have the directors acted illegally? If you're so worried about it, why not contact the company or our Nomad and ask the question? Are there, when fund raising, certain circumstances that allow directors to buy? Can you get Stock Exchange approval? I don't know the answer, but I do know neither of these two directors would break the rules in such a blatant and public manner.
I share your frustration about the impending fund raise, but take the view they'll announce something when it's necessary.
Agree with likely insider buying yesterday
"how would they defend the share price..."
Sounds like you're as clueless as them.
There are loads of ways to bolster this share price and 18 months later these wallies have failed to find one key monetisation event. Absolutely zero. Progress on key red tape is all down to Noboa... he's the one driving it as he's the one in control of it. Not SOLG.
Well, TSX volue was over 1m last night so that would suggest someones stuck their hand in their pocket and bought more than a pony 55k which quite frankly was utterly pointless Scott and actually has done more damage than good. You have 30m options you twonk... buying 55k is like a billionaire giving a 1p donation to charity. What are you... forest.... gump.
I still think these buys are a coded message that something is coming... Wotk it out... If theres a takeover at say 60p, Stackhouse makes £1.5 million on his latest share options... But he only makes £57k on this share buy...so whats the point? And thats exactly the point. They are bound by MPNI for something coming down the pipe but the Nomad has oked these minuscule share buys as not being in a closed period...
Eish...how would they defend the share price...?
Addicknt,
I don't think the $4.5m that went down the back of the sofa was legal do you?? But it disappeared and I don't think the nomad said much about it and as far as I know... have any prosecutions followed?
Thank you for at least attempting to answer my post without attacking me.
The company have told shareholders they will need to raise cash. The company have not formally told shareholders how that will be raised but we have had a low key almost amateur unoffical style video or interview saying it will be non dilutive.. eg that's not formal shareholder comms.
So the CFO will have provvy information on what shape that finance is taking... when it's landing and a bucket load of other inside information.
My point is a simple one... they could have announced the finance deal or whatever deal it is to bring in cash. They could have announced a few other bits of news as well. Then... after that by all means, slap each on the back (if it's good news) and then ONLY then issue director share options at the THEN said shareprice.
Not do it sneekily before at 10.3p. It's unprofessional and they'll be fund managers out there that will avoid this stock like the plague due to these kind of tone deaf corporate insider actions.
Needalife's 8:19 post is hilarious.
Yep, I am so underwater that I am spending June in Antibes, July in London and August in Byron bay....
Personally I’d much rather they were incentivised with bucket loads of options that given cash equivalent…… nothing would make me happier than to see them make 40-50p on each share ….. Scott doing a great job and no doubt more director buys to come.
Colonel, you are on the point. This team are a blatantly sad lot! Not defending our sp, incredibly poor communication with PI's they reach out to annually to support their grand schemes. I don't have words to describe them. Yes, badly let down!
Bbg. £120,000 tied up for many years. Well and truly underwater. Without a prayer of breaking even.
And you giving out financial advice.
Give me a month or two, while I work that one out.
The fact that the CEO has invested his childrens' pocket money in SOLG gives me a lot of confidence
Add, all I am reading is that you, BBG and Red are guessing!! You have nothing specific to support your assertion. Now guessing is being passed off as CODE😆
Lol of course you expect to hold a lot longer than June, you’ll still be underwater on your investment
On the flip side you’ll be able to buy more shares at 6p…
Every cloud ☁️
Doh
🤡
It’s a shame your job doesn’t pay well enough that you have to gamble 🤣
How long have you been ramping 6 years and have 140k invested…….lol
Not the best investment ever is it 🤣
However I love your line 120p in 120, that will be a great line to mock in 4 months
Not quite as good as I’m buying 50 grands worth at 6p then realised you only had 5 grand
Hilarious
🤡
Adikt, do you really think it would be OK to buy or sell shares if we were in the process of sealing a deal. Like I said laughing stock.
We are not near to signing a deal, even blind freddy will see that now.
Your denials are bordering on lunacy
Needabrain, you haven't answered my question.
No i haven't dropped my expectation. I am expecting to hold a lot longer than June this year.
My expectations are 120p in 120 days. Have you ever been involved in a bidding war?
Did scott say that 'shareholders wouldn't accept 30c/24p?'
Fort, do you honestly believe the directors would break the rules for the sake of a couple of thousand quid?
There are two possibilities: We are not currently in discussions about anything, which, given the funding requirement seems a bit unlikely; or, their purchases have been cleared by our Nomad and are perfectly legal.
Bbg, go onto hannam and partners website.
If you look hard enough, you will find the chart showing how many forecasts they got even near correct.
Further research will show you 80% of forecasts from these analysts are grossly over priced.
And anyway, why have you dropped from over £1 a share, to be happy with 63p.
Is reality setting in.
FTJNY, just like addicknt, you take the easy option out which is the good old 'attack the poster' rather than address the post. It symbolic of someone that simply doesn't have an answer and that's the truth here. You feel the utter silence almost disbelief at the time of the RNS late yesterday. No one had the b@lls to stand up and say what I said. All just ducked down like weak individuals.
So stand up and be strong... answer me this.... how can a CFO buy shares in the open market when SOLG are clearly in the process of arranging finance that coud involve equity in the business regardless of whether it is dilutive or non dilutive. No2... how can a CEO gain 3m options at 10.3p when we have zero evidence of any finance package. Furthermore, issuing them at 10.3p before the finance deal is announced is tantamount to insider dealing assuming the so goes higher.
It's unprofessional and tone deaf when it comes to how a CFO shoud act. Then you have a CEO who when thrown a silly question like would you take 23p.. says... yeah I'd take that. Seriously... quality CEO's know how to answer those questions. Shiit ones don't.
So stop hiding behind the usual attack the poster tripe... grow some. Have an opinion on what has unfolded not who posted it.
This management team and CEO have driven us down to sub 10p due to leaving the finance unknown and now they are arrogantly taking advantage of it and lining their pockets. It's atrocious and sums them up.
Needabrain, did Scott say that most shareholders wouldn't accept 30c(24p)?
If you don't answer it, its because you know the truth
Adikt. I refer you to this paragraph from my earlier post.
"And anybody still defending the indefensible is becoming, to be honest, a bit of a laughing stock."
Suhail, the kind of traders.
Just a quick FYI (again), I am not a trader. I am solely investing proceeds from my job.
You have no shares. You cannot prove you own shares.
Suhail, the kind of Dubai. Lives in a rental with 8 of his second cousins and sits on his phone all day sending deramping and abusing real shareholders. I dont think that is a good use of your time pal.
Coded message to red night.
We've had coffee shop clandestine meetings with bankers, we've had emails, we've had phone calls.
Now we're getting coded messages from scotty boy to redknight..
My sides are hurting, please please, don't make me laugh anymore.
Coded messages.
To shift...
One jot...
Fat thumbs...