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Hi Bigcheesy.
I answer to your question - it might do. But I initially though that FES were buying the brokers shares, shares that were also issued at 0.1. So I didn't think that the broker would be selling their shares at a loss. They might be, or it might just be PI's selling as you mentioned. This would allow FES to get in even cheaper and then allow a take over at even a cheaper price.....I guess only time will tell....
Well if those new shareholders were not around I would too be wary of holding this for suspension, but it is a bloodbath atm, so many stocks getting suspended, on my holdings alone I have FCS OPG and TRAF getting suspended next week, I've just had my biggest holding return from suspension of 10 months for not getting accounts out, no wonder everybody day trades now, holding is fatal lol
Hi Kwota, I do enjoy reading your thoughts on this and just smell a bit with how the accounts have not been done in time as cannot be that much to go through.
However your point 2, does this not help FES dropping the price so they can get their 30% and then offer existing shareholders 50% 60% premium to the weighted average if held down here? Then they would only be paying 0.01 or 0.012 anyway.
This company has been around a while and the current directors have made a few quid before and I see this bouncing from these lows when it returns and could/should just be a few days/weeks to get eggs aligned.
The smallest sniff of RTO would double treble the share price from here the same about our current business if there was a positive update there.
I appreciate many people won't want money tied up hence getting what they can but compared to some of the other gambles out there this seems to be one of the better ones out there.
I have only a small chunk in here but see any company that is listed and less than £300k mcap as companies to take a punt on purely because of the value of being listed for RTO purposes.
Just my opinion, good luck BC
Just my opinion but I do not think they will delist. There is no value in the company at present so they will not gain anything out of delisting. This it turning out to be a lifestyle company and lifestyle companies need to keep themselves listed as they pay themselves out of raising funds all the time.
The company wont last if they delist.......
I've got 2 different hypothesis here (total speculation):
1: This suspension was a ploy to drop the price so that FES can buy in even cheaper..
2: Current Directors aren't happy with the new investor (if they are looking at taking over) and they're trying to scare them off.
All speculation, and as have been shown so many time especially with this share I'm probably totally off and they delist tomorrow :)
Sold out at a 30% loss.
Looks like a convenient way to start the delist process
How can there possibly be a delay in this audit,beggars belief.
Well they recently were gifted £125k of free money.
Also all these so called property deals,where's the transparency?
Another AiM scam.
I very much doubt they'll come out of suspension.
Take out what you can
Very disappointed
With Mcap of £270k I suspect the Directors will propose taking this private for a minimal sum resulting in cancellation from aim.
Bet the 18% buyer is building from the weakness. Mm’s on the rob
Just when I started feeling a bit exited about the share again this happens. I just don't know what to make of it as clearly if you raise fund with your broker and new investor, surely you give them some assurances that everything is in order. It might just be a couple of weeks in time but the long-term negative effect it will have is major. We have lost 30% just today, which means the new investors are now immediately 30% down on their investment.
I just don't know what to make of this. It's really unprofessional especially when the accounts shouldn't take any decent accountant longer than 30min to do.....I'm now more than 50% down, thinking at the time that surely it cant go any lower...how wrong I was. I will be emailing them but haven't had any replies on my last 2 email so think they are a bit upset with my recent emails so not holding my breath.
There's loads of stocks getting suspended next week for same reason. It just seems 0.07p is too low the mm's were all buyers around 0.0.966p this morning so at this level they will cash in on people's panic
Wtf
This is a weird one. Not a lot to put in those accounts so find it difficult to believe they are having issues. Unless there is something they are hiding.....
0.07p bid mm's going for blood, I bought these on the back on new stakeholders not on the current board getting the accounts out on time
Another one getting suspended, must be at least 20 stocks now I've seen this happen for next week
The mm have no trouble forcing it down on a couple of sales but it never moves up on the buying
Very quiet.
I see that one trade cancelled again.
I expect all to be revealed very soon.
Gla
Look out for another TRI.
Will get very interesting..
Well there you have it, broker selling. Now to see if FES is the one buying these shares as someone definitely is.....That would be a best indication yet as to what the intensions are...
And another one.
Maybe lots and lots of news,
What's up with these 1 trades going through and then being cancelled the next trading day?
Just popped up first thing. I agree things are getting interesting here. At long last!
All very intriguing.
What ever is going on one things for sure is the miniscule Mcap won't stay this low for much longer.
Have roughly tallied up the shares not in public hands,that is tiny,so with a sniff of good news this will double/quadruple in a flash.
Gla
Value would be purely speculation as well, and all depending on what the opportunity is. That is why I was interested to know if Paul Forrester still had any licences etc. that he owned that wasn't already in someway or capacity owned by a listed company.
If there is and he want to bring that into Traf we could very quickly be looking at a £4m plus valuation. He will then be able to use that to raise money for any exploration required. It must be stated that a lot of dilution would probably happen so don't just expect you money to *10 overnight....
And again I must state this is pure speculation: There is no evidence to anything I'm typing other than the purchase of shares at present.
Take over highly plausible,
Could see a 50M transaction to FES then we're in offeree teritory.
Very interesting.
What do you think is the likely value here.
My guess is considerably higher than 0.1p
I'm only speculating here:
But I don't believe that FES invested in Traf for their current business. The property business hasn't ever made any money. I invested in the believe that something will come of the hydroponics but a year in and we haven't had anything.
I think FES went to their broker and said we need a vehicle already on the market to run some kind of oil/gas/mining business through. Broker said mmmnnn we know of a company with a small market value that you could use. So we will take 50m shares, you take 75m and then together we will own over 30%...then FES can buy the other 50m of the broker and start the strategy of taking over the company. Possibly an RTO.
Only speculation but I can't see how FES will all of a sudden be interested in either property development or hydroponics...this is going to be transformed into a mining sector company over time...
Buy when it's quiet and hold,for more than one day.
Potential short term return is 200% plus here.
FES didn't buy £75M,or 18% for no reason, and to take that placing must have been privy to information that as yet is not public.