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Brought more this morning
Showing as a cell
Weird but I can sell my holding all in one go
overpriced acquisitions*
please ignore my typos
You were wrong before so how do you know you are right this time? Achieving profitability is now out of the window, claiming this fund raise will take them to breakeven but I suspect they will come back to the market with their begging bowl soon, probably in six months time. Jonathan Hall, CFO and COO confirmed to Justin waite podcast that they will never come back to the market for any fund raise for any opex, a year on they are on fumes and have got only £400K left to last until March. I think the business is simply not growing, did overpriced accusations and now costs have risen significantly. That £1.50 per user earning was coined by the Ex CEO to justify a higher market cap but in reality they over paid for their accusations and now left with faulty software products full with bugs, took over a year and a half but still failed to fix it, I'm talking about stockinformer.
It's your money so should be your own decision and but I can only see more pain ahead for existing investors who have been mislead by this management multiple times and doing the same again and will do the same in the future.
If this gets closed by HNW & institutions at 0.2p
Then goes on a run
People will kick themselves not taking todays price 0.23
Market cap is 3m for crying out loud
Serious value here.
Serious
I got initial entry wrong but filling boots now
Watch this move next week
What you need to realise is that private investors cannot guarantee how much would be available to them in the placing. I would say being at such a discount Price now due to the huge drop that the amount available will be token amounts.
I hope you do realise what this means for the company upon completion.
It would mean that it is fully funded to complete Athlos for sale at a higher price which in its own will draw in the significant cash the company must have originally hoped prior Christmas.
This unlocks the company into a profit making machine.
After placing the Share is going to move considerably north due to funding cleared.
Of course you understood all this from your comment below lol.
Go buy what you want in the placing and be very disappointed when they say sorry none available!!!
So buying now at a considerable discount is savy as I suspect a clear move once this has been completed. Last couple hours left ;)
Money, you do realise how placings work right?
The fundraise is going to come at a discount, no one in their right mind would invest in GFIN @ market price in a fundraise. If it was announced Monday with the current spread it would probably be like 0.15p or something. Canaccord are one of the best corporates you can have for a stock on this market, you're lucky it's not a spivvy shop or it would probably be like 0.08. Better to wait for the raise and buy at 08:01
Big buys going through now
This looks like the bottom to me
Company is seriously going to blow as soon as the funding secured announcement comes
Take your positions either way
I know good value when I see it
No way this isn't a multibagger from here
Huge red flags and flashing red lights here.
This one is even worse than Bidstack at the moment - and that's saying something because Bidstack shareholders are finished.
This looks like a punt down here at less than 3m quid cap. I see the company is looking to raise 1.5m quid and interestingly has no debt.
Down from 3.6p to 0.22p, could well be worth punting a few grand in here IMO. Any positive news on a new CEO and the funding and we are looking at 1p IMO. Just need to see the level of dilution.
I am in.
DYOR
Maybe do something like a 10:1 consolidation and then try and raise at 2p to get hold of £2m to add another 100m shares ..giving around 231m shares ....although 6:1 or such like would create more liquidity ...but ..it is all going to create a big,big potential dilution for existing shareholders
This potential fund raise may well determine who takes a potential grab of the share holding and as such the voting rights ...some new stakeholder could now muscle in from nowhere leaving existing backers with a headache
Certainly interesting that John Clarke has left them to it although new investors may well be requesting a Board change as condition of pouring new money in
LOL Spider it's only 10:30am .. stay off the sauce pal.
GFIN are now valued @ 2.8m and they need to raise over half of that. Market sense would suggest a raise at 0.1p , anything higher than that is lucky as hell for GFIN if they can get away with it. £250k volume the last two days so any churn would take an absolute age, I can't imagine many flippers in any potential placing at least any way.
this is being manipulated for a cheap buy out by the saudis
The ONLY reason anyone is buying is because the sellers are having to reduce their price to get any buyer interested.....there must be quite an overhang of shares at the moment ....
If the main shareholders have taken out a risk protection product like a Derivative then that may well be why the selling persists ..they may well have been hedging their potential loss
most of todays trades shown as sells are buys 20/24 shown but it is 0.206 to sell 0.213 to buy my buy was shown as a sell
20% spread today lol
" the Directors expect to close the terms of the equity funding round in February 2023. A further update will be made as appropriate."
little point writing for details as they will no doubt just tell you to await a further update ...not much else to add at this stage
Interested parties they are looking to contact them.... are those with deep pockets to support the business ongoing ..
i wonder what all the Warrant holders think about it all ...no doubt thought they were going to get rich like they did previously
Good question
I have emailed IR@gfinity.net to show interset and ask for detail
I will post when I know but you can email yourself and find out
Is there a minimum you have contribute to take part in the placing?
They need more than warrants...they need another £2 million fund raise just to get them to end of year .Its been draining money for a while..if it was put forward on the young apprentice..its past performance would be laughed at..its time to show there credentials and perform like they have been saying for the last few years ..Growth let's see...balancing the books . Mmmm .seems a very tall order.
Mmmm “When the Warrants clear this going to fly” He even made a YouTube video about it! Justin Waite must feel like a right plonker, unless he was getting paid to ramp it!!!
Just waiting for this dog to have it's day...been in a few years now , it's starting to look like he's going to get shafted .
At the moment there is a company doing over 4m in revenue in half a year
valued at around 3m
It has no debts either
But is out of cash
Get some cash in
Restructure the bored
then it should be game on
if they dont get the cash then they sell the assets and you would think GDM alone would bring in more than current market cap
So therefore is this risk free at this level?
Money I agree ,I think after placing and new CEO could be turning point, Midas the delay in reporting final results was not great ,but a slight delay is tiny compared to the way some companies behave. I’m just waiting to see what placing price will be .Dilution is never good but with Athlos deal and the rest of the positive in RNS your final hope might materialise with the turnaround of all turnarounds ,, or we might lose the lot after all it’s the AIM
JC leaving the company with immediate effect, explains a lot. After I had a Zoom with him and Jonathan Hall in August last year, and since then complete radio silence, despite follow up emails, promises of corporate presentation from August 2021 being updated, and lying about the fact when the Final Results were going to be released. It shows that he's not the one to lead Gfinity to greater things, and someone else needs to take over at the helm, who can achieve the potential that this company has. Now we wait for another placing and probably further dilution, and hope that this will be the turnaround of all turnarounds! To Gfinity and beyond! GLA
Investors who are interested in participating in the equity funding round should contact IR@gfinity.net.
Sold a bit ago but I'll be jumping back in on the placing I think
Downside pretty much eliminated once they get the cash