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Hello there I’ve been doing some looking into AI/ software businesses and is there any reason to buy shares now? This is off the back of being told by someone and his colleague they can’t recall an AIM company ever delisting and relisting with the same shares available. I’d be interested to hear any reasons in favour of buying and explanations why. Although based on the phone call I’ve just had I’m not in favour of investing currently.
Many thanks
10baggerT,
Share4 should be able to offer a view on that as you may have seen he posted a couple of very bullish statements immediately after the RNS on delisting. In my view there is no compelling reason to invest - there may be a chance of a Dead Cat bounce between now and delisting but this would be a gamble.
After delisting they will obviously require a significant cash injection that you would imagine will significantly dilute any remaining share holders and that's assuming that they are able to convince investors that its a viable business. I think I'm correct in saying that they have burnt through over 60M in cash with current revenues of just over 4M and annual costs of 12m,
As stated by the company in their RNS there is no point to them being listed on AIM since people don't understand early stage disruptive tech companies. I agree with this, people like Tony state these facts and figures without knowing what they actually mean, if he wants to go purely on numbers he should stick to the main market, only a noob would think otherwise.
Ironically of course he is in favour of a company worth 10x as much which makes far less revenue, has a smaller target market, product/market penetration is less advanced, and has an entire army of rampers at its disposal.
My apologies 35x as much
Tony came onto this forum to ramp a company worth 70m that loses over 3m a year and has 300k of revenue and hardly any cash.
Share4,
I think you have lost it - I recommend you sit down, take a tablet and chill.
1) reference to BID’s - I mentioned this 5 months or more ago as an early stage stock that I thought had a better / more understandable business model. You brought it up out of the blue with no context or relevance to the current discussion . It looks like you’ve got it on your radar and I’m happy to report that as we speak - it’s back over 30p. You seemed to be concerned about an imminent drop.
2) still looking forward to sharing your views on why you think Albert is such a compelling investment at this point.
3) You asked what I meant by “ I probably have more shares than you”. Concentrate now - it’s complicated - it means “I probably have more shares than you”. It does not mean that I have a lot of shares or that it is a big part of my overall holding. Of course I don’t know how May shares you have so it was probably a bit of a meaningless statement but your such a tit and a know it all - I could not help myself.