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Time to put this one to bed chaps. most of us have taken a hit on this joke company.
I don't believe they pay people to write on boards, Harris. They'd have to complete another raise for that
You can buy the company for 1.54 million how is this positive other than for someone to buy outright?
350%, I meant 😅
You really do get to the point with these AIM 'businesses' where it becomes a bit farcical, and actually makes me laugh (or I'd cry).
They're traps you never get back out of with your shirt on.
And to think some criticise other for day trading this junk?!
Nope. Another AIM dog - steer clear. The company probably pay people to write on boards like this.
(-47.06%) Down now. Is this positive
You can guarantee the majority of the £300k will go on salary payments Then it will be repeat repeat until no more funds can be raised. Potter has been trying to raise the funds to buy the 90% of the site for years now and nothing has changed,
Can't see any dip in the SP at the moment so just did a test on selling a few shares and got a quote of 0.039. I think ill need to scrap my 90% down to 95% down lol.
Yes but stock the "funding aside" has dropped this by 46% and they only raised 300k
It's now at all time low and there are red flags everywhere
A lot of Moaning today but how many went to the last AGM
HF14 and others,
I said "funding aside"
What do people not understand about that phrase???????????
A drop today for me will be a good opportunity to average down. Each to their own of course, as before, it all depends if you are confident that funding will come through, I am.
Postive news!?.. I am generally a neutral/optimistic person, but Tomco really does try my patience. Despite the investor throwing a large sum of money into this, I don't see any real enthusiasm for this placing myself. This investor got a 47% discount at 0.045p, that is a ridiculous discount and clearly shows the desperation on Tomco's side for them to screw other investors to go so low, all in order to keep the lights on.
Whilst its considered legal, in my eyes that investor pretty much stole those shares for that price, and got in far beyond Tomco's lowest ever shareprice in its history, so the chances of this investor doubling their cash is rather high and easy money for them, and feels more like a strategic move to do so than giving money to support the company, because if that investor was in it to support the company then they certainly wouldn't have been given such an abhorrently large discount, atleast the Matt guy bought at a premium, this investor clearly took advantage of Tomco's desperation and went in as low as they could.
On a note of the placing itself, 300k cash to keep the lights on to me suggests that funding is not around the corner at all, and its more than likely many months away, because if they were truly (close), then they wouldn't have needed to accept such a high amount of cash given their relatively low burn rate. As such, I am fully expecting this funding debacle to drag on into Q3 or Q4 and possibly beyond.
So much for going from 82% down to 75%, now I can see it going up to 90% down after this diabolical ripoff of a placing. Part of me very reluctantly wants to just take the loss and walk away, but most of me says whats the point when what I'll get is near sod all and may aswell just play it out to its death which seems more likely than funding actually coming to fruition. Why do I do this to myself lol.
Seems to me these resources companies that will never see revenues are the worse ,CEOs who are inept amd corrupt
Revenue generating stocks at least have a chance
SC...How can this be a positive when the SP is about to drop by nealy 50%
Soulac,
My thoughts too.
The other companies in this play all seem confident of funding. As they are all working on the same land and would supply to MSC shipping company via Quadrise MSAR, it makes total sense to all do the funding together, using the same funding source. The others sound very confident that the funding will come through. TOM need to be able to afford their legal fees and I think this is why they went for £300k instead of another £50k.
I suppose they need capital for legal fees
I really want to see the positves but the following sentence wont allow that....."The Fundraise Shares will represent approximately 17.1 per cent. of the Company's enlarged issued share capital. The Fundraise price represents a discount of approximately 47.1 per cent."
Pull the other one, Stock.
2 months beyond the expiry of the option, they still can't provide a timeline on when they hope to regain exclusivity.
They've also negated to state that they hope funding will be completed in a certain timeline (Easter '22, Q4 '23 etc.)
Mr Potter will stuff his coffers for a few more months until the game is finally up
Dilution aside, I do see today's RNS as positive news.
£300,000 in the bank, the ii buyers of that stock would have wanted to know how close TOM are to sign off and what the chances of that are. The words 'near term: and 'high percentage' come to mind, as that is what I would want to hear before funding them.
DrMicho I couldn't agree more .
Any company who hasn't completed a raise in the past 6 months [that's generous] is at risk IMO
Tomco must be very desperate to have to offer a 47% discount. What a disgrace and what will that £300k actually be used for,
I have to admit these AIM companies are getting worse.... I have a fair few AIM investments running at the moment and they will be the last. I have even had CEO's state that there would be no fundraising in the near future then 3 days later a placing... Utterly corrupt.
Could hit 5p
haha. AIM will never learn
It. Should have been days high, never mind,