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Looks like ROXI lining up for Xmas with a new advert featuring Kylie..
https://twitter.com/roximusicsystem/status/1327250759075966976?s=19
https://www.thisismoney.co.uk/money/markets/article-8924785/Kylie-Minogue-takes-1m-stake-Roxi-music-app.html
‘ Kylie Minogue joins Robbie Williams and Alesha Dixon in investing in British music streaming firm as it gears up to float on London's stock market’
"He said he would eventually like to float the company on the London Stock Exchange. "I'd rather take the company up to a £500 million valuation than let it get bought by a big US tech company and the best way to do that is often through an IPO," he said. "It's really sad when a national champion gets swallowed up so I'll be doing my level best to make sure that doesn't happen."
8% or so of £500M would account for almost the entire valuation of ASLR - not including all the other bits.
Interesting, and IPO possible as well.
https://www.standard.co.uk/business/robbie-williams-sheryl-crow-alesha-dixon-streaming-sky-q-rob-lewis-a4542641.html
Themis.. Good find! Sounds like a solid investment.. Pulled this FROM ASLR ANNUAL REPORT:Following closure of this round, Asimilar holds 1,646,682 Ordinary Shares in MMW, representing 7.61% percent of the issued share capital of MMW plus a GBP500,000 Convertible Loan Note. The Company has options over a further 95,000 ordinary shares in MMW.
Very difficult to know how this will go. I wondered if the ASLR sp was the market trying to put a value on Sentiance but that is not reflected in AAA. Just a question of waiting and hoping.
https://www.telegraph.co.uk/technology/2020/09/07/british-music-streaming-start-up-roxi-signs-deal-sky/
An RNS coming then, company declined to comment.
Looking at the websites for Mesh & Sentiance then personally I don’t have a clue on their business dealings, clients or otherwise, unless I’m missing something
If the jigsaw comes together it will be ok
Not sure what Senitance is worth so its all very hit and miss
The concert party are quite a shrewd Bunch
Not sure they are robbers like some tout
Only invest what your prepared to wave goodbye too
Time will tell i must admit five percent will reward me
GLA
Hi Gunnerman,
I've been thinking the same, but wondering whether the MMs are pushing up the price at AAA to allow some huge selling.
the valuation of all these respective companies doesn't add up.
All active as flown again
His this next ??
Lots are underwater here it seems
The mad seller yesterday is clear one thinks
Bought a losable amount in ASLR
GLA
Yes, well someone or something has been selling in giant chunks today - but this could again be large transfers to other parties.
Yes, all those 70p transactions, and the fact that initial warrants on proposed fundraise were £1.30 and higher, does lead down the path of increased value..
but whether we're all being like down a different garden path is another issue!
I'm absolutely certain there are a few people making megabucks out of this, but, as you said PIs are really stabbing in the dark over whatd going on behind the scenes.
In a slightly worrying meta-analysis of this, I do have worries that the tech sector is in a bit of dot.com bubble, and wonder if many of these are going to come crashing down anyway at some not so distant point
I think that is right the 7p or so cost of the option goes to the option seller - in this case many were from Mr Akers, the 6p/18p for the warrants goes to ASLR.
But the 7p cost is paid in AAA shares!
So it is all very circuitous - if none of this is worth much then the present big holders aren't going to get much out of it.
Unless of course they've already sold at inflated prices.
Willing to wait and see for while yet.
The 6p's, both warrants and options, expire on 30-10-20, the 18p's 31-9-20, so not long to wait to see what happens.
Oops ..I've included 7p in that, so that's wrong..
Approx £2million quid @ average 16p.. and we are double that.
Please correct me if I've gone awry
Cheers Skittish.. don't blush, but you're by the best poster on here by far. Great insight
Although I'm not sure that I agree with your conclusion that it's not a great profit or AAA if warrants exercised, even with a 7 p cost.
By my reckoning that's an average of 16p, which is 3.6Million quid.
Not chicken feed but I suppose it depends on the recipient and the context.
Actually got the warrants mixed up - there are 15.5M @6p, amd 5M @ 18p, so a bit better deal for AAA, but the cost to obtaining the options for the warrants I did calculate at 7p.
So a profit for AAA if ASLR stays at 30p, but not huge.
I guess the warrants (which need to be exercised within a month or two, or lapse) could lead to further dilution, but most are exercisable at 18p, and AAA will also be paying the sellers of the warrants (mainly Mr Akers) for the right to excercise as well (I calculated around 7p for each warrant - by may be wrong on that, so do your own calc - I think the price actually went up recently, but nothing is paid if they aren't exercised), so in relation to the present price of around 30p per ASLR share they aren't "cheap" at all.
At 30p per ASLR share there is little immediate profit in them for AAA, merely the right to take a sizeable stake in ASLR.
Of course ASLR would get an injection of funds.
Many odd manoeuverings here over recent months, I can only think it is all above board as there are some notable names involved along the way, but certainly mighty odd, some involving share transfers at prices way higher than that today.
I'm not sure how it will pan out - boom or bust I reckon.
As I've said before I happened to buy in the Yolo days, and sold half in the days before suspension, so am still in profit, but if it all went south I'd be frustrated at having wasted 6 months researching matters.
Hopeful, but by no means certain, of a decent outcome.
Disappointed, and somewhat confused by today.
Someone has gone to a lot of trouble if there is nothing there.
Looking at the times of those late reported trades, definitely looks like some were huge buys with a few massive sells in there too..
Wondering what the holding RNS might say
Reported buys
Could AAA warrant conversion and share selling tank the SP further ..?
But then intern surely that would tank the AAA price..
Meaning that, as usual, a few people walk away with huge profits..but PIs get stuffed..?
How do you see it panning out?
Ps Skittish..
Any further thoughts welcome, especially on the AAA warrant situation...
This feels like a pack of cards that could collapse - BUT in the mesh deal goes through , could be rather lucrative.
A strange balancing act between all parties
Yes it's certainly baffling, and as uncertain of the future evaluation of Asimilar I am, I'd rather be here than AAA right now because it's valuation seems to make no sense at all.
Hot air balloon?
Reflecting and slightly puzzled.
AAA is paying around 25p is for the warrants in total so hardly a bargain at the price given for ASLR.
Also AAA whose only real asset is a potential 18% of ASLR has a total market capitalisation greater than ASLR.
They're down today also, but one of these shares is vastly undervalued or overvalued - the only question is which one?
There's something out there to which pi's are not privy.
You've been very quiet today..
Have you been reflecting?
What do you make of today's relisting, value and price action ?
Pretty sure you only get a KID to read and agree if its a fund