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Topped up my holding. I have confidence in Gregg and Nicks experience. Good luck all
Well done all holders
I hope mates didnt sell his last 3k worth..... for his own sanity
not just any non-exec lol....the man with 2m warrants, the man with the reputation for getting deals done, ...
Non Exec buying 1.5M shares!
Nice price, Good luck, I’m sat not far under threshold so cant top up.
You got a better price then nick in the buy just reported ;)
OK the two 250k trades @ 0.895 are both buys by yours truly
That’s me done then and ready to sit and wait in suspension;)
I don't think we'll be waiting until September just to raise funds. I think 1-2 months is most likely. Happy with the risk here given the current MCAP and cash position/no debt etc.
I sold all my free roll shares yesterday. Got too many of these suspended / delisted stocks already. Still waiting for Polo and its been months now. Good luck . It can work. Bellzone mining came back when I had written it off and promptly went up 10 fold. It went bust later but I was out by then.
Hopefully one final top up for me sub 0.9p and then see you all by the end of September when the company relists at 3p+. gla
You either 5x here or lose 20% in 6months. Up to ypu
Dibs a raise of £6m won't cause existing shareholders much dilution, as we have pretty much bought at cash value. You cannot dilute a liquid asset. However as the market cap is £300k over cash value it may dilute us 20%. This dilution should be made up quickly by a bull market which will push the share price higher than the relist price due to speculation. I expect a bull market here to at least 5x my investment, dependant on how the directors approach a deal
itisagame - thanks for your thoughts appreciated
Riskisprofit...if our current holding value is X..then we stand to lose 1/2X in fees if after 6 months there is no deal
If we think 5p is a reasonable assessment of value if a successful deal....then arent we getting 10/ 1 to stay and play????
Obviously everyone has their own personal situation, and the decision is ultimately up to each and every person.
In or Out, good luck to everyone and have a wonderful Easter.
Here’s my guess: £6m at 1p / par value with warrants, possible open offer to existing holders, in conjunction with a private capital raise.
I’ve Loaded up personally with the hope to take part in the fund raise if offered.
Comes back at 2/3p.
But it is still a very risky play, I’ve taken my position and hedged it against expected future profits from another few stocks, hopefully it comes off, if not in time I’ll be ok.
I am thinking of loading up further before the suspension but I have a question.
The company is currently valued at just £1.5m MC. Yes they have £1.2m in cash so the EV is just £0.3m (peanuts). However I am wondering how they will raise £6m in cash for a company with a market valuation that’s a fraction of that figure. So won’t the fundraising cause huge dilution? Or could they structure in another way and, if so, how?
Genuine question.
I'm expecting to at least triple my investment on relisting in time for my Christmas Holidays. Its a gamble but I like the odds.....
I completely agree JH, only 20% downside if liquidated in 6months (which i highly doubt), however massive upside when this relists, i would say 5p+ when the board greet us with their long and waited plans. Greggs loaded up, i advise SH to hold and not panic, i suspect many will come to regret selling when this relists
Upon a doom and gloom suspension there are usually major board changes, with hopeless directors coming on board for an easy income. This is followed by no director buys as they were always time wasters and wanted no part of the company. In CCAPs case, the two directors have remained from the very beginning, who both show a massive level of experience. Not only this but just before suspension Gregg has decided that he wants to buy 1% of the company. He must know of some value that will be added soon and wants to own a piece of the pie himself. Lets not forget the £1.2m in the bank that is shareholders safe bet that even if this goes tits up, the majority of any investment will be recouped. I highly doubt liquidation will be an option here
James Henley 8/ 9 million went somewhere too....He only held for a couple of days. My theory is he was a proxy buyer..and his shares have been moved on to the real entity that wants to remain anonymous at this stage...no facts there ..just my gut
as did winterfloods....where did there lump go to?
for us PI this seems big risk...but there is a great mgt team/ great contacts/ and some entities scooping up massive volume
I am a gambler by nature...and I dont regard this as an even proposition. From where we are now price wise the upside is more than double (a lot more imho) than the downside...and the chances of a deal are better than 50-50
GL dyor
Someone is loading up whether you like it or not. Panick sellers shares are being scooped up swiftly. Its call demand and supply
This is really dependent on whether you believe in Nick and Greggs experience. I do hence why I'm buying and holding
I think Henley must have bought as a proxy for another party. Otherwise the share price would have fallen of these had not been passed over
This process disguises who if anyone is collecting these shares for a couple of days at least
Interesting times
Mr Henley is out, share price held up, must be a major buyer picking up these shares. Possibly a tr1 buying tomorrow