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12p was June and 18p was 2023. But I stand by my predictions!
Oh man, I thought you talk rubbish most of the time, but this last comment is just plain delusional. The SP isn't gaining 5 points in a month or even in a year. And while your numbers are right, AMTECH is even more right: the ghost of what's gonna happen at the end of the year scares the few investors still interested in GMS and prevents the SP from taking off. Best case scenario a sustained 8p after releasing the half year results followed by a sharp drop after whatever option they decide to go with later this year.
Also, whoās not to say this SP isnāt being artificially kept low? Major SHs might not want the SP to be that high anyway. Either way, it isnāt going to 12p anytime time in the foreseeable future.
Iām afraid Amtech has been hopelessly wrong. Please keep up. 1) the shares have doubled since he arrived discouraging investors at 3.8p.. 2) his repeated assertion that there will be a highly dilutive issue recedes both as the shares rise, and as the company has confirmed it may go down a far less dilutive route using warrants. I can testify to doubling my money by doing the opposite of what amtech suggests, and it is laughable that mcatee is admonished for āonlyā making 100% on his money since last autumn. My sympathy to those interested parties who have made nothing during this wonderful recovery, but better to rethink your approach than point the finger at others. ATB
Like Iāve said to you two clowns many times before , I asked about the $50m raise and stated I wouldnāt invest in a company with so much debt and a raise on the horizon. Then the crying and name calling started and itās been like it every since.
So who will decide on the best way to raise the funds?
A, the banks who are owed the money?
B, the company that owes the money?
They have made it clear that the options are A) $50m raise or B)11.5% dilution through issuing warrants and that the board thinks option B is more likely outcome "as of 31 Dec. 2021". When the stock trades under 5x earnings,you can accept a 11.5% dilution?Logique?
Oh dear.. poor old amtech is getting his knickers in a knot after being exposed. Two facts. 1) you have been discouraging investors here since 3.8p, and the shares have doubled.. you got it wrong. 2) you have repeatedly stated that the $50m issue is an inevitability. It is evidently not. You got it wrongā¦ it is rare to find someone quite so obstinate in the face of being proven so overwhelmingly and unequivocally wrong, but itās fun to remind you now and then. :)
So who will decide on the best way to raise the funds?
A, the banks who are owed the money?
B, the company that owes the money?
Like Iāve also said before Wiggy, Iāve not discouraged anyone. I asked about the $50m you started crying. I said I wouldnāt invest in a company with this much debt before they double so Iāve got nothing wrong with that. They havenāt yet raised the $50m as per contract like I stated so havenāt got that wrong either. I donāt see how you claim that I have, but if it rocks your boat thinking youāve got one over on me crack on.
Dear amtech, you have been on the wrong side of this all the way up from 3.8p, and your repeated assertion that there will be an issue has been proven false. Save the slithering and side stepping for elsewhere. On the subject of who selects the option, it is evidently group managementā¦ āThe Group is exploring the various contractual options available per the current bank terms to take place by the end of 2022.ā
No side stepping needed Wiggy
Thatās good. Acceptance of being wrong is your first step to being a better person. ATB
It wrong though am I !
And the rocket explodes (at least for today).Can't wait for that 12p in June (2022 right?) ;)