PYX Resources: Achieving volume and diversification milestones. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
2.33% seems a pretty low interest rate for Sella given he has just seen his initial large investment at 20p per share fall in value so much! I read that as he is confident that there is good future value in the 6.5p per share conversion rate. I'm also encouraged by the fact that they are adding a heavily invested NED to the board to represent both himself and Sella, as at least there should be some sensible protection of shareholder value as a result. Having worked in procurement for large organisations for a number of years, I'm not surprised that there are delays in receiving revenues, especially from large NFP org's. Its like getting blood out of a stone! One NFP supplier we worked with had payment terms of 300 days - but being big and with a strong brand, they get away with it! Hopefully this draws a line under the initiation phase and some of these deals start to deliver decent revenues in H1/16 to give us PIs (a bit of) confidence that the business model works in reality as well as on paper. GLA
for dealing with a naff situation Bod. I'll see how the next year goes
"a subscription price of 6.5 pence per share, raising in aggregate £133,000." At least they paid over 6 pence. While i am unhappy with the delays in payments, im happy with how they have dealt with it thus far.
"These headcount reductions, all of which were in the UK, and other cost reduction measures have resulted in annualised savings of £800,000." I should think so too. If your about to read the rns i would give yourself a while...
"The Financing gives rise to certain considerations under the City Code on Takeovers and Mergers (the "City Code"), and as such requires approval from the Panel on Takeovers and Mergers" So is Sella plotting a takeover?
Ok, im pretty happy with that. Time to prove us all wrong now Ron...
Zzzzzzzz
Can anyone help me please. Trying to find the RNS from broker last year that stated there was no reason as to why the share price plummeted from 40p plus down and down again.. Oh that's right there wasn't one despite honest Ron lying to investors regarding his purchase of his house based on selling his shares with a view to not buying them back. Yet the other day we get an rns saying they note the recent share price movement and state it's cause of re financing. I am sorry but this company stinks and the sooner this clown is removed the better. Honest Ron cannot be trusted to run a bath never mind a company unless he's going to stick his head in it and try to count to 10 mins And as far as I am concerned I still 100% believe that mr duncan has bought his shares back under the disguise of mr sella and his associates.
So the share price starts rising, presumably on rumours of something going on at Cloudbuy so Ron issues a statement saying he's financing the business at today's opening price which was 6p. Share price stops rising. Who benefits? Was the rising share price making the financing price of 6p hard to justify. Now back to the guessing game. I have to hand it to Ron he certainly knows how to pee investors off. Lets have the excuses Ron and it better be good
Say the financing will have a positive effect on the SP. Out in the open now and people are happy to buy fair size chunks above what is perceived to be the placing price. GLA
Back to normal trading then. i.e virtually none! 2x trades so far today. The need for financing is not good news as indicates still not self supporting re revenue. On the positive side tho', if someone willing to undertake financing, would be with a view to making a profit. They will have analysed current cbuy operations/ accounts closely and not just accepted such hopelessly vague statements as 'in the directors view this contract could be worth 50m over 3 years' etc. Also not buying in at a discount which is unusual, unless maybe some share option arrangement included in deal. Wait and wait and see as usual.
Not a clue
any idea on the sp today
Probably not for long term holders who bought in above 20 pence but this is aim so who the fruck knows ey. I saw nlg go from around 5 pence to 30 pence after securing funding.
is this good news?
Most probably to keep the lights on going by previous accounts. I find it quite interesting that it's being raised at what would be little or no discount to yesterday's sp so whoever is financing it must think it's worthwhile? Otherwise you would ask for a big discount and forward sell/flip would you not? I'm cautiously optimistic it will draw a line on the sp but less sure I will see the sp back to where would all like it anytime soon. My gut feeling is that Ron has been able to buy in big without spiking the sp. Gla
What matters is not if its a placing but WHAT the money raised is being used on.If it is just keep the lights on then it is bad news. What has happened to the £1 million that Mr Sella placed ? No dont they will talk about more "opportunites" ...but leading to what exactly ??
No money Will Ron deny, Four and twenty shareholders stabbed in the eye When the results are published And Ron starts to sing Wasn't that an optimistic forecast he was promising? The Duncans in their barrat house Counting all their money Shareholders in the parlour can't afford the bread and honey.......
Oh please Ron, not another deal with EFH!!!!
I doubt it as it wasn't given at a discount to the sp (no flips). I see it reaching 11 pence perhaps but unsure we will see twenties anytime soon.
If you bought in recently i wouldn't worry too much. Probably why the sp has been stalling as those in the know... Knew. Pretty harsh for those who have held since funding this company at a far higher sp.
Sounds like a placing given the mention of 'at or around this price' or words to that effect. Ofcourse who is going to lend to a company with little revenue stream to speak of that is hemorrhaging cash every month? Destined for lower lows later this year
Looks like issue of equity else why bother mentioning today's opening SP? Maybe to ii's or more to Sella? Thought all cbuy's shares already in issue?
expensive Easter eggs this year NMH19... :-( does this mean we have gone to the dogs? It would have been nice to know we were looking for a financial package!!
Whats the betting Honest Ron has been able to buy in large at a fixed rate...