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Not one of the FRAUDFACTORY crew made it to the AGM. As if I’d trust them over -
🔘 Peter Bardenfleth - Hansen
🔘 Christian Eidem - 29.3% stake
🔘 Jochen Rudat
🔘 Pierre Pellerey
🔘Actual AGM attendees - StayLong and Turbine
🔘 EVage - Inderveer Singh
🔘 Cummins-Meritor - Collaboration partner
Fraud factory, I think you are talking out the wrong hole again. £6m quote to list on AIM you sticking with it?
And to call me ignorant when I said I don't know exactly and I did desktop research, that's pretty transparent if you ask me. The only ignorant thing in here is you and there are a lot of people saying the same thing. Why don't you take your keyboard somewhere else, maybe someone may value the fraud you come up with. =D.
Lions
You really need to do your homework on Aim listings-there are working capital rules and the main one is the requirement for £6m of cash-in fact the reason this company started on the Standard List is because the cash requirement was until recently only £700k.
The rules are now being tightened which makes Standard Listing companies-basically shells, look to Aim.
Your last post makes you look like an ignorant fool-I suggest you try doing a bit of homework.Google ‘Aim Listing and £6m’ and I’m sure you will find something to read
If they don’t raise the cash, they will probably raise less and stay on the Standard List for a while.
4/4 £6m is where the 5 or 6 large institutional investers waiting to come on board stems from then as 6m needed prior to aim listing,not a big deal for a company with this much i.p. and 2 jv in evage and cummins and mod all onboard for a yr or 2, the 600hp motor would also be a good fit for trailer transport for something heavey like a tank,the 4400ft/lb of torgue at zero revs would be the game changer,handy for any army to have,cant see any die esel engine competing with that, i think the latest tesla only has 1020hp and 1050 ft /lb from 3 motors so about 350 from 1 motor.
Did "Truth" just quote £6m to be listed on AIM!? Mate what are you smoking, do you know anything about markets? I'd advise to lay of the pot, it's not great from brain cells. A quick google gave me a value between £150k and £450k. I then went on to the London Stock Exchange website, used the calculator and got a price of £22k and an annual fee of £5k. Personally I do not know, but a small bit a desktop research and a bit of logic basically proves that you are the "fraud factory". And thinking DGI need £6m, not sure where you got that money. They said they needed money for 1) the JV 2) admission to AIM 3) to have a solid balance sheet. I highly doubt using simple logic that £6m will be needed for that. I swear the level of BS you come up with is just on another level.
You may not like it, but very simply sufficient working capital for at least 12 months from date of admission is an aim listing requirement.
Strange how even stating on topic facts provokes these emotional responses.
This is a plc not a cult.
https://www.pwc.co.uk/risk/assets/pdf/guide-floating-aim-listing-london.pdf
Constantly revisiting the same perceived negatives suggests an ulterior motive , it is as plain as the nose on Pinocchios face 🤥
best not to give them air , just leave them to stew...
G L A
Come on 404 and Liefactory surely you can come up with better negs than that. Keep chewing on the lemon and I'm sure you'll find something. BTW do you get paid for overtime...
Biggest hurdle is sufficient working capital for at least 12 months from the date of admission, given negligible revenue and a very top heavy payroll.
Truth - no - neither point is valid- no minimum for any AIM listing - no idea where you get £6m from. Not looking to be argumentative- simply stating the facts.
I think there is under the ‘fast track’ rules which I assume they will follow.They will also need to raise at least £6m of cash too.Happy to be corrected on both points
Truth Factory - no minimum market cap requirement for AIM.
I think to get on AiM they need to have a market cap of £20m-correct me if I’m wrong.
That’s a great post stay long. 2 things that’s reassuring is we have an A team in charge. With years of experience. And the Norwegian guys have not just woke up one day. And invested heavily. You always get bumps when investing in small companies. Onwards and upwards long term
What a big surprise the tag team have arrived. First Truth then Amy and now 404, all that's missing is Techno.
Guys why don't you all get a room and suck a lemon together!
Appreciated Lionsworld, Harley, tsbs1 and Butterfly.
Yes, it does all sound very desperate. I just hope no one has taken their advice and sold. As Harley just mentioned, had they sold recently they would now need to pay at least 30% more to re enter. It’s actually quite sad because we are talking about real people with real money.
We are all aware of the CLN’s and options etc and know that these have already been more than built into the price. I’m sure that the Norwegian funds team of accounts and lawyers didn’t overlook them.
We are down at this unrealistic SP because of our big untrustworthy seller. I will repeat that Christian Eidem stated at the AGM that had it not been for him we would be at .5p right now. He is not going to put DGI in a position again where all the great progress gets undermined. Too much at stake for him to do that.
StayLong.
Sorry to interrupt the reach around but mention of Martin Broughtwood and 0.6p is a bit selective given the price he ultimately dumped shares, and worse still via a third party without initially disclosing to the market.
Once again StayLong, thank you for your most informative posts.
To think it’s not even been a year our Tesla talents have been with DGI, and already built a strong team to drive through strong innovation (and new partnerships ofc). Their black book will unleash more opportunity over time.
Great post staylong
You have to laugh at amy the amount of times its mentioned the cln. Its like desperation
💤💤💤. Give up on it truth factory. You comparing Apples with Oranges. Great post Stay Long. Slight mistake. Anyone gullible enough to have listened to these chancers and sold at 0.75 now need to pay over 30% more to re enter.
I think I know who I will listen too.
Bravo StayLong - great posts - waiting for part 3 now =D.
One statement i think is really factual " someone that has thoroughly researched DGI to the point of visiting the head office, spending half a day with the inventor, had a full demonstration of the Pareta e drive train along with the other world class products, met all the key personnel and most recently attended the AGM where I listened to the presentation of Peter Bardenfelth Hansen followed by a one on one 40 minute conversation with the man pulling all the strings and 29% shareholder Christian Eidem"
I wouldn't say I 'listen' to you but one thing I certainly do is take your words as a basis for my own research and quite frankly, you have really helped accelerate my understanding of this company. From the information points you have provided, also using some data points from WH Ireland, I've been able to create my own DCF for 5 years - I won't share my predictions but as you say, this is a gem of company if you can build a 5 year strategic plan.
Thanks!
Part 2
How can it not be a great price when Martin Broughtwood spent over 10 years developing these groundbreaking products and the business was valued at 0.6p in the RTO over 2 years ago. This is crazy because 0.6p is over 6 time the current SP. Also millions of pounds were raised shortly afterwards at 0.5p And both these prices were before the arrival of our Tesla BOD and the resent JV’s with Cummins and EVage. Also WH Ireland did some thorough research in January and gave a starting point valuation of 0.57p. (again nearly 6times the current price) I’m sure anyone would agree that any price under 0.15 is an absolute bargain.
This is not your regular small cap company desperately trying to hang on wondering where their next injection of cash is coming from. This is one of the rare gems that looks destined to become one of the best success stories on AIM.
StayLong
Part 1.
@ Dusterinmong. “All the talk of discounted raise ?? really do you think out top man will shaft his Scandinavians friends”
And in the process shafting himself, no I doubt it very much Dusteringmong.
When you consider how much money the majority of the shareholders have invested here and the entry levels paid, it’s actually quite sickening to witness a couple of individuals that are determined to try and talk the price down further so that they can make a few hundred quid on a quick in and out trade.
I probably have one of the lowest average’s at just under 0.08p but I would guess that the average of the majority of the investor base is well over 0.16p. If you invested pre the arrival of the Tesla trio and have not added since your average would probably be closer to the 0.3p level.
What I also find sickening is that they are trying to persuade investors into selling now and jumping back in because they believe that there is going to be an open raise. They have been preaching this consistently around the 0.08 level. Those gullible enough to take their advice already have to pay over 15% more to re enter.
You can either listen to someone that has thoroughly researched DGI to the point of visiting the head office, spending half a day with the inventor, had a full demonstration of the Pareta e drive train along with the other world class products, met all the key personnel and most recently attended the AGM where I listened to the presentation of Peter Bardenfelth Hansen followed by a one on one 40 minute conversation with the man pulling all the strings and 29% shareholder Christian Eidem. Or you can listen to couple of chancers that are pretending to be your friend however their actual objective is to make a quick buck in the process.
I will say once again that, IF and WHEN a raise is done it will only be offered to hand picked big professional investors that will share a long term view. Christian has already demonstrated this in the last raise as the last thing he needs is another big seller or sellers undermine all the progress that DGI is making.
So what I am saying is,that this is a great time to buy in. The medium to long term potential here is huge, even our chancers have admitted this on a number of occasions.
More to follow…..