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I have not follow it lately, did not know Nigel Burton was appointed ,god i feel safer now, much safer …...
Keep the faith all. I’m sure there is a plan behind all plus the plant should be near finished which will bring strong news
"The Board is therefore proposing to dispose of MetaLeach and change the Company's business strategy. "
How much cash left? £500k?
Let us say Proses wants to buy the patents.
4,382m shares in issue.
If Proses pays £4million for MetaLeach, that is ~0.1p a share by asset value.
The Placees bought at 0.02p, so 0.1p is five times to exit.
It's unlikely Nigel Burton wants to sell at 0.04p, because he could have done it a few weeks ago.
The only thing worth anything is MetaLeach.
Obviously Nigel Burton bought the shares in AXM knowing a sale is coming.
The Placing created a majority share holding at half price, that will vote for the sale.
They can all sell at 0.1p, and walk away laughing.
They will buy something worthless with the £5m cash, syphoning off any value left, and eventually AXM will shutdown.
What a ****** of a company...£12,000..to Zilch you ******s
Snowman you are right, it is the wrong wrong wrong totally wrong time to even think about selling, if it was the right time we would just say it, yes sell? We are not.
Emerald Energy, just like this pattern........I jibbed out....sold at 0.25p......within months they were £3.85 per share !!!!
My opinion only....DYOR !!!
Look at those in the know hoovering up 10's of millions af shares from the jittery frightened small time shareholders!
It's like taking candy from a baby !!......they will join the 90%+ investors who lose on AIM.
You have to sit it out....don't be a mug.
This will pay plenty eventually, if you have the balls to sit it all out !.....this a class-A textbook shakedown !
I think it might be a case of we have to forget the past now, NB is either going to cash shell and run away or cash shell and RTO us.
We don't know yet, it really has become very binary now sadly, its like 60-40 odds.
There are many bargains out there and imo most are a lot less risky than this. The directors are not great at marketing so unless a buyer has already approached them how are they going to realise value from these assets?
Mate I do not know what to say, but all I can say is this, it really is not completely over yet, it isn't as much as many are saying it is, it is not, hold out till the end now nipknot, if it goes to pot then it goes to pot, but something tells me it won't be as bad as it feels today.
Won't buy anymore that's just throwing money down the drain! Suspension then cancellation is my bet. Seen it time and time again.
You’ve only lost your money if you’ve sold, as for only posting on a rns, there’s not really anything to discuss otherwise, been holding, in one form or another for years too, and yes I’m down on this, however, the tables are now turning, yes it may require averaging down, to turn a profit, but seem to remember lots complaining that they couldn’t buy at placing earlier, so where are you today? As it’s near as dam it, or was.
Oh really? Been here 3 yrs mate lost all my money don't take the p*ss thank you. You only pop up on an RNS!!
Cause their smarter then you
Still buying this???
How long until suspension?
What will we become? My bet is suspension and cancellation!
It's a pile of dung!!! Be saying it for a while, I had good reason to remain skeptical!! You gotta laugh really as so many here bigged this up! And for what?? Nothing!!!! I'm so angry at myself for getting involved in this pile of S..t serves my right. But hey its only money - sadly my money.
All going to plan, can’t wait to see what we become, another 10m in the pot, although telephone only for that amount even, sell I’ll buy at .025, me, I fancy oil!
It is possible to make a go of a new company, see BIDS, get rid of old board and change business into something that has a future. Just make sure they definitely get rid of all the old guard first than have them tainting anything new.
I was in this many moons ago but got out because I concluded the BOD were great scientists but did not have have much business sense.
They will need to work hard now to realise real cash from their patents.
So after 14 years they have finally realised that they are flogging a dead horse. Who would trust them to run another company?
Have sold my holding of 14 years for a grand total of £20. Even £9 after expenses is better than nothing
Now this is what you call a big big loss, wiped out.
https://finance.zacks.com/reverse-merger-mean-stocks-1096.html
From RNS
The Board is therefore proposing to dispose of MetaLeach and change the Company's business strategy.
By dispose of metaleach they mean sell the patents to make the “cash” for the cash shell. Or something else.