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At the current price it means that the value of virtualstock has gone down to less than 20 million
From about 60 million. I can not believe that virtualstock has dropped that much in less than
6 months......???????? More news is needed to clarify
Though this is still undervalued, you can't protect your investments against dubious AIM directors. Zaf probably tops it......
For the potential investors, stay away from 8pg as the are many more undervalued gems in AIM with more capable and ethical directors than Zaf.....
...(cont)...
The consolidation was clearly aimed at sweeping out as many PIs as poss and the collapse of the SP since will have seen the back of many more. Will there be enough investors left to deny the 75% needed at the vote to delist 8PG? Or will it be a whitewash and we will see daylight robbery transpire? In a way, it all sounds too fantastical to be true, but the evidence is mounting. As foolishly optimistic as I am, extrapolating the evidence points to 8PG (and all its investments) being in Zaf’s hands before any VS valuation is crystallised, so he can bugger off to New Zealand with everyone’s money and work on his 37% stake in IBS.
Zaf - prove me wrong…
I would have to agree with kadavul. It would appear that we are nearly all of the opinion that 8PG is circling the drain and the delisting of AMED could be the first plug to be pulled from our life-support. Despite all the rhetoric and the gloriously-touted valuations on the web site, the SP is now catastrophically lower than it’s ever been, to the point of “is this company even tenable?” and shows no sign of stopping. I hope I’m being overly-negative, but for what it’s worth, here’s how it seems to me…
Back in 2016, LEG was being ramped to the stratosphere. At the end of April, the SP suddenly took off for no discernable reason. Peaking at over 0.4p, thanks to the excessive ramping and trader over-excitement, the SP settled back to 0.3p where Zaf raised £1m. This was partly supposed to be for new investments, yet when he finally got around to one - in Dec’17 - what does he do? Dilution! Again! And the SP sinks back to its old levels. Could it be that the SP was artificially elevated just for the placing? I do wonder what those “institutional and private investors” think now.
Glossing over the seemingly dodgy arrangements with Manas, which I haven’t bothered to delve into to spare myself more depressing revelations, then comes IBS. He gets 12% for LEG and 37% for himself. Why? Purportedly to get LEG new leads, I’m sure he said. Yet Zaf apparently gets scores of leads every year. If it was to raise LEG’s valuation, why not 37% for LEG and 12% for Zaf? After all, it cost nothing. And why get such a large personal interest with something that is essentially worthless on the other side of the world? Could Zaf be planning his post-LEG career away from all current jurisdictions?
It may be that the consolidation was to kick off the descent of the share price. When the SP becomes as untenable as AMED’s, 8PG can be taken private as well. The 8PG web site highlights all the multiple valuations of the various investments, so why is the SP a fraction of even pre-VS days? If the price was manipulated up for the £1m placing in 2016, then it could similarly be manipulated down to take it private. LEG shares seemed often to trade at a minimum volume of 250k per day (8PG equivalent). Now we’re at a quarter of that if we’re lucky. Lack of liquidity was one of the reasons quoted at AMED for their delisting.
Not withstanding that, I have noted from other stocks that AIM share prices move on either revenues or potential and sentiment. We have no revenue, so it is all about potential and sentiment. Left to its own devices then, the collapse of the SP tells us that there is no potential and market sentiment has also collapsed.
Zaf won't be in no trouble. AMED going private and he will still earn what he is earning and hold high % share of the company which he can also do it to 8PG. We, the shareholders are the losers like the AMED shareholder.
Mistake? I have now written off 8 peak from my portfolio. All the share I hold will be till this shoots up or finish to nothing. Wish you all the best. Zaf is in trouble all his money, job, prestige and probably his personal life.
http://8pg.co/portfolio/
https://uk.finance.yahoo.com/quote/AMED.L?p=AMED.L
Could we be next?
.....
... coming off from AIM. All private investors lose out. Worth noting LEG was one of the seed investors to AMED and its interim chairman is Zaf with £57,000
https://uk.finance.yahoo.com/quote/AMED.L/profile?p=AMED.L
Can someone explain to me the benefits of our share consolidation. ,All I can see is the share has more than halved..Also,I assumed we had one decent asset,now I am not so sure. I am over qualified as a LTH. Why hasn't another company taken us over to get the 7% VS stake on the cheap? D
Old money.
Haha "VS will be worth £1 billion" BS for years.
This will only ever go down - get out and learn from mistakes.
You just know a placing is coming ..
More like 0.04 in my book.
Here if we were still leg? 0.07?
Worse than expected. Zaf sort the mess out.
Because Zaf hasn't got 8 peaks group. Only one of them is trying to peak and the rest of them are in dumped below. I agree with Stretchum, it is Zaf is the problem and is not going go away.
Because the market has lost faith in Zaf.
Zafar Karim, Executive Chairman of 8PG, commented:
"Rene has been at Virtualstock for just 3 months and is already having impact. Clarity in the business units is essential for profitable development, valuation and ultimately realisation. We look forward to further developments. "
So why is it continually going down?
What asymmetric investing is all about hey Zaf..
Out. He is no mug...why leave ???
Looks like we be getting some updates on virtualstock next week, must be more NHS contracts. But it's good news otherwise he wouldn't be tweeting it.
Devious,dishonest clown.
It certainly appears to be, now. Unfortunately, no one has faith in the clown that runs 8PG.
the current market cap of £1.5m is undervaluation of the company. Let's see....
Big disappointment. Back from holiday, needs atleast 15to20% rise today. Gla