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Forward selling is my guess, the RNS yesterday was pretty much stating that a book build was underway. IF they can pull off a placing then it gives them a good chance. Hit B/E and this could turn into a little gem. For clarity, M007 has been taking this stock down for months and would to see it go to the wall.
Price drives narrative. They all come out of the woodwork when something changes in the price.
Some of the posts are very personal about the CEO. Have you met him? Is that why the posts are so personal?
These posts are not coming from people who were involved in the failed putsch a year or so back? I've watched him on those interviews - he doesn't seem that bad. He's not weird or obviously arrogant or anything.
Anyway whats happening today? Is this forwards selling of new stock at 0.25? Or just a sell-off? Anyone have a good understanding of the numbers and dynamics?
Countingcards, you sound like the kind of guy who gets greedy when others are fearful. That is the Warren Buffett style of investment. You buy low and sell high. But you must be careful not to buy low and then it goes to zero.
Absolute gift price this morning. Thats two investment projects for me closed off in one week. When others run around screaming and crying, and get all emotional they cannot see potential opportunity, its best to be away from it as their failures will rub onto you, if you are not careful.
Its an investment and should be treated as such. If its a punt then I have no sympathy for you. Its an investment that can go up or down and should be respected as such, and if its a punt then it will always fail and deserves no respect.
I am getting a lot of blanked out posts as a few are on filter, and I have no interest to read their content, although it shows how many of them suddenly turn up on what I accept is a massive drop in price and value, but it shows how emotionally attached they are.
Its an investment for me.
It will me a miracle if the stock holds above 0.20p today given the deluge of selling. Only a Burt resignation can change things. But I fear it is even too late for that. What a waste of a great opportunity. Burt is a man who has proved himself to be seldom right but never the doubt. A deadly combination.
Amen Roger!
Burt is a stubborn and intransigent buffoon who is far too emotionally attached to this company. He needs to go asap or this will go bust. He’s proved beyond doubt he doesn’t have the skills to lead the company forward, and is difficult to work with. Time to head for the door Tony and do the honourable thing. You’re losing people money here so F off and let a professional take over
I can't disagree with that, the fact the company is now back to running on fumes having known it would run out of cash in April is negligent. They seem to be announcing a new venue nearly everyday on Twitter so they are making inroads.
Burt with is arrogance and ineptitude destroyed this company which by the way has a solid product. It is sad to see.
There is always somebody out there willing to take a cheap placing. We know you'd love to see this company go to the wall m007j but let's separate facts from opinion.
Since listing on the London stock exchange in 2021, Burt has raised £9m. Which he has promptly wasted. No one is going to give him more money to waste.
i don't think it will go into admin, there was somebody prepared to back the company only 3 months ago at 1.1p. from looking at the price action i do think the next lot of funding will be circa 0.25. the number of shares in issue are still relatively low which is the only positive. the question will be then how quickly burt ****es the money up the wall.
I didn't like Burt's manner or the way he came across in that focus IR interview last month, it put me right off.
Slip slidin' away
Slip slidin' away
You know the nearer you're to administration
The more you're slip slidin' away
We all knew this was coming but the question is, will Burt knock the final nail in the coffin. I can't imagine lenders are lining up to fund the company so he'll need to get creative. This could be a half decent business with somebody else at the helm.
Morning Spank
Wise, I thought after the run yesterday it might recover today but like others all waiting for news of finance package. It’s wether you feel it’s time to go in before the heard moves
Best of luck!
Still waiting to see what happens Toplocks.
Where those buys yesterday?
I suppose demand is there at the right price.
hopefully its the same with finance - the demand is there, but the price?.....well that is going to be the sticking point. and will be extremely interesting....
otherwise...this is the end.....
Its not listed on AIM roger
From July last year. Does this mean if they can't pay the loan that the company is secured on , the Chinese investor ends up getting it.
Proposed issue of GBP2.2 million of 10% Secured Convertible Loan Notes to strategic investor WHI in two tranches of GBP1,466,666.67 and GBP733,333.33 respectively.
-- The net proceeds of the issue of the 2025 Convertible Loan Notes will provide much needed additional working capital to support the Company's plans for continued expansion.
-- The 2025 Convertible Loan Notes will be secured by way of a debenture which contains fixed and floating charges over the assets of the Company; security to be granted over the Company's wholly owned Singapore incorporated subsidiary; and a charge to be granted over up to 75 per cent. of the ordinary shares of GBP0.01 each in the capital of the Company ("Ordinary Shares") held by the Company's chief executive officer, Tony Burt.
If all is so well with the company why are the shares down 30% today and languishing at all time lows?
Burt is clearly a very difficult individual to work with and given his lack of managerial and strategic skills I think it’s a great shame he hasn’t gone instead of the intl ii rep.
Another AIM failure. This will be bust in another two or three months unless good sales results can be released. If sales were going well why would this chap have resigned. Think it’s all over myself.
If that is the case Toplocks, why does the share price keep falling to dramatically?
Hi 007
I value your opinion. I’m seeing the finance deal/ restructuring has already been done behind the scenes. A different company and therefore the board member no longer needs to be part of the board. It happens all the time. New finance deal, new board member. Watch this space, an RNS very soon imho