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Great Post iknownuffin - totally agree
absolutely. 1.2m cash , well positioned, going back up imo
Why would somebody convert 4.5 million warrants to shares exerciseable @ 1.5p if this company was finished? ;) think about it. For starters that’s a premium to the prevailing market price so far today ...
My guess : they will Raise remainder at 1.5p and then they can negotiate any future deal from a better relaxed position where time is not an issue, it’s not disappearing with £1.2m in the bank.
Any results for any company are usually priced in before hand , sell on news coming out
Sad day today! Sold and added to senx. Might get my cash back quick with results due Friday.,
Unfortunately Neddy we have been taken for a tax loss. Need to learn from this as that money has not gone forever
Neddy1
Days like this are not easy, but they come and go.
One thing to keep in mind for anyone selling, sell if you must but don’t go straight into something else. Folk might feel under pressure to go further out on the risk curve, only do so if you have researched the next share, rash decisions might be costly. Frying pan to the fire.
I remember years ago I jumped from a heavily discounted placing in prem to go and buy widecells (now icon)....compounding losses.
any comment King???
Neddy , really sorry to hear your mindset here. It’s a paper loss nothing more. Remember exactly same scenario AAA went through and look at them now, Nick Lee doesn’t lose so hold as were happy too with 6 months suspension.
An Investment company is a spac.
A shell has 6 months to make an investment under rule 15 then up to 6 months while suspended under rule 14.
An aim investment company has indefinite period to make investments, so is more like a main listed / US listed spac.
way way oversold.
load up is what i say..
Shell/SPAC?
Am missing the point? They're looking to become. An investment company...
I had around 8k in here. I made a risky play and it’s backfired horrendously. I was struggling with things a lot as it was but this has really knocked me for 6. Just a nightmare as I need to stay positive and work on knee rehab but days like this I just don’t even want to get out of bed.
Bargain from here.
Cheapest shell / spac Mcap to cash on the market.
Raise the £6m and its returning as a £15-20m Mcap company.
159 million shares £1.2m in cash = share worth less than a penny . Unbelievable!
It’s only over if you need the money, now, or in the next six months. If not I would hold. That’s what I’m going to do. Certainly not going to be mugged off by the mms in first 30 mins thank you! It’s not worked out according to my plan that’s for sure but I guess it’s Plan B now and hope that in six months they can come up with something that’s worth investing in.
A blue finish?
Are you out of your mind?
Blue finish..
It is over.
We have been duped so someone could take a tax loss. Time to move on and call it dead money.
I also agree with @longlad........the MM will happily take your shares of you first thing........whilst your pants are round your ankles!!