Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now
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I certainly can`t argue with your logic and understanding Dodge .
I can only see more mystery and obfuscation .
It`s one of those tragic scenarios :
" How I wish I new even as little then as I know now " !
There are a few who can't lose, the holders of private direct % of Vast projects.
The funders funding at this sp.
News comes on finance and they make a killing. Plus warrants to swap.
News on placement, they take part again knowing BP will be operational in a few months.
They will need news to be out before consolidation and more funding for other projects.
Gamble away at this sp, anyone can lose but imo BP will go into operation, Vast can't place below 0.1p so the sp is relatively safe to buy and gamble at this sp.
Very interesting .
There is only one person who can`t lose , perhaps a question of which route for maximum gain .
Nobody knows who the last investor is.
Mercuria upon default can exchange 4 billion warrants for shares.
AP's 10% valuation of BP converts at any time - low sp, low MC. Consolidated higher sp, higher MC. Same conversion.
IMO there are various options,
1. BP opens with finance and consolidation happens prior to HC (HC is a game changer)
2. BP opens with share issues and writing off Merc debt with warrant conversion before consolidation (no debt) and prior to HC
3. Finance comes, HC comes, sp appreciates considerably and consolidation next year with AP conversion after. Conversion just for BP at this time, he would still hold % for Zargra and Remin and Vast would fund from profits. His net wealth spirals on two fronts. LTH wouild be screwed and only gambles at this sp pay off.
All IMO, we'll see how it plays out over the next month, placement comes first and that's how it's going. Finance comes and that's the direction. BP I believe will open whatever the direction as it benefits direct holders, Vast only hold 80% of BP.
Dodge : Interesting posts . Now I `Really DO` think you`re brave !
Perhaps I read you wrong but it seems that your `Gamble` is now focused into a very tight window ; you seem to be hoping that HC will be delivered before , what seems almost inevitable , more fund raising in September .
I also get the impression that you may now be agreeing that further financing is likely (Probably?) to be associated with consolidation . We differ in as much as I think consolidation must surely precede any raise . How likely is it that this process is already underway with the same finance house managing both elements simultaneously ?
Clearly there is a reason for not releasing this SRK report .
I just wonder how long this pantomime lasts .
Dodge - understand your views.. serious concerns from shareholders regarding delivery. Sure some will support AP, I am sure there is reasonable support brewing if finance doesn’t happen.
Anyone think AP is a decent guy? If he is, he would step aside without delivery. If he is not, all the more to push him if he doesn’t deliver.
Let’s wait and see :)
If there wasn't any benefit to certain individuals with regard to SRK then the asset valuation would already have been RNS'd and paraded with the sp = x and asset valuation equivalent = y.
The SRK report had nothing to do with new investors, it had nothing to do with finance (supposedly), so why do it now?
'Dodge, if there is placement in sep’19 without finance news, AP will be out. GL'
I don't think so, AP has diluted and issued so many shares to recipients at the lower sp end that they would vote to keep him, vote to add more headroom and if he can't get finance - vote to issue enough to fund BP to operation. IMO, SRK are to value BP due to AP %, after dilution comes consolidation and AP's share conversion to pass the 10% to Vast.
The figures associated with HC I hope come first to raise the sp a bit before the inevitable.
Idmor - agree on Roy Tucker.. in my view, Shareholders had given enough time to AP and it’s time to deliver or move aside or wait to be pushed.
Dodge, if there is placement in sep’19 without finance news, AP will be out. GL
Vast didn't have SRK but Mercuria did. It was SRK that did the work for Mercuria hence AP's comments regarding the time to get it done would be reduced due to work already carried out by SRK previously. Intriguing is the reason for withholding the SRK report from us all assuming it is done.
Just remember in Jan 2019 a RNS was delivered to mention 'All of track' and a day later a RNS was delivered 'Mercuria are not proceeding' - all the while Vast had no knowledge that Mercuria would not go ahead but were doing groundwork for other offtaker/finance packages - Why? Why would you do work if your funding was definitely going to be delivered?
At this stage and with the warrants outstanding with recent ii investing £600k for 6% of the company, it would seem AP is indeed looking out for himself in getting his 10% profit from BP at whatever cost to share holders IMO. One would think that with 0.1p being the lowest the sp can get to is that it's at an end or nearly there. Guess we will all find out in Sept at placement date or that finance will get delivered in Aug.
Idmor, I cannot control both and hence leave it to karma.. I have known CEO of a company in which I was invested was found out for fraud and was put out behind bars. For 1 minute, I am not talking vast in the same respect but all I am saying is I am not going after these bad boys - most often they will dig their own pit.
Idmor, Live in the present - that’s why I had been asking for update and asking AP to move or leave, if AP cannot close finance by end of Aug-19..
Past performance reminds how AP and his crews can screw people. Cannot trust these guys who haven’t delivered much vs promises made
“SP tanked- i think funding was the key and there was no sight of funding at that time”. - we haven’t sorted finance yet. No reason believe anything different unless RNSed.
Hi V111JAS, I totally agree.. and I believe in “karma”. :)
Hi Fantasy : The longer this farcical pantomime continues , the more curious I have become !
The truth behind it all will eventually come out ~ well ~ most of it ~ I think !
I suspect as in all tragedies , we are seeking closure .
I know that there will be no possibility of recourse , but I suspect like many others I now want to know in detail what happened to my money .
Tom : "Why haven’t you sold ?"
Such an inquisitive question I feel deserves to have a reply :
Tom , Why haven’t you sold ?
I suspect for exactly the same reasons as myself : My remaining holding is effectively worthless .
Perhaps you have limited memory recall , perhaps poor reading abilities , perhaps you are simply in denial about the parlous state of your own investment . I understand all that but just to satisfy your curiosity , I have made my own position here crystal clear , on numerous occasions , the most recent yesterday , specifically Friday16th August , 16.35 .
V111JAS, keep posting :)
Why most people don’t believe 4 months BS? Why???? Because Oct-18 BP RNS stated BP production in 6 months. What happened to it?? What has changed in the way AP delivers BS? :)
“2 Mines are coming online in 4 months. So, i am very excited Castaway.”
2p - your below message was the most liked message on here for the last 7 days... :)
“Grow up Tom
just concentrate on your TR1...everyone's been waiting for that RNS as long as the funding and diamonds RNS”
Anyone Romanian know anything about this Company ?
Real Estate Services (B2C)
9-9A, Dimitrie Pompeiu Street
You`re absolutely right about that `A Gamble` . Good luck !
No, still my gamble.
I have to question why there are always so many questions surrounding VAST ?
Why are shareholders always trying to see through the gloom of smoke and fog ?
Why are there so many issues that require straightforward clear cut answers ?
Why have questions raised in the past never been satisfactorily explained ?
Why is there so much obfuscation ?
and another question !
Dodge ~~~ Have you sold out again ?
The second part of my reply was not aimed at you IDMOR - just in general
There has been no bad news regarding the diamonds or BP - thats why I stated that there is no problem! - it would have to be RNS'd - so presumably it's all good is it not?
Why is this a problem for you?
So many posters making up so much - if there was a problem we would know via RNS - so cut out all the stupid conspiracies and accusations of lying and let's wait for news on all fronts