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Soon will be back in 3p range for starters
Tc'sandC's, filter me all you like, explain to you other fans what is to be celebrated by a 95% fall in the SP since IPO, a botched loan agreement with Riverfort that resulted in a heavily discounted loan conversion for sub 2.5p recently instead of 9.884p, it was lauded as a great deal by Dav and the BOD in October, but only entered into it seems because a well informed investor wanted his cash back last year as announced on 6th July 23. Now a £1 million loan that is questionable as to what it will actually achieve for shareholders considering there has been no update on a crop sale. I've never seen so many smoke and mirror statements from a main listed company in a very long time. 😳 I won't be joining your fan club any time soon. As for investing genius he'll be gone like you once you recover your substantial losses I believe! Keep ramping away...! JMO Adyor!!!
Moniman, I will now filter you as your level of intelligence renders you beyond helping.
As others have pointed out in the past, this game is not for you. Stick to mutual funds where someone is available to hold your hand and reassure you when you are scared because you don't understand.
Still haven't seen any crop yet?
Tc'sandC's it was a £30 million company 12 months ago!!!! You forgot to mention that..Well done Dav, you should give yourself a big pat on the back for losing 95% of the company value since IPO!!!! JMO Adyor
For a £3m Mcap company to secure a loan for 1m at such a competitive low interest rate is impressive
There is likely plenty that they know that we are yet to be made aware of
Watch this space.
Riverfort loan o/s are apprx Usd 280k equiv.
Let's see whether balance is settled in cash or more shares b4 cracking the champagne.
And what are the 'uncompleted' facilities about?
The devil is in the detail, AFAICS.
GLA
The new loan, from an unnamed provider, is for Usd 1.05m
Again read the accounts. Are you not happy he didn't break them down for you in an RNS ?
Awww there there Moniman.
And we are still waiting to hear how the investment guru Moniman would have handled the short term funding...
Nonsense...Read back through all the RNS's since IPO, no mention of distressed accounts prior to Riverfort Loan, totally misleading in my humble opinion. That why the SP has fallen over 95% since IPO...the share price doesn't lie! JMO Adyor!
Moniman a 5 year old could have read the accounts and worked it out. Do you want Dav to come and spoon feed you?
And still you have not been able to offer and alternative source of funding...
Tc'sandC's.. The company never mentioned is was struggling to get finance prior to the Riverfort loan in October 2023 when the SP was circa 8p. What ever happened to the bullcr@p crop and lots of positive noises from Dav and the BOD prior to the disastrous loan, why was the loan interest not repaid on time and converted at sub 2.5p? Where did all the IPO funds go? All looks very shadey when you read through all the previous RNS statements? JMO Adyor!!!
Firstly, Moniman an individual of your intelligence should not assume anything, its dangerous, just look at your other investments.
Secondly, again you manage to do the easy part an poke holes but offer alternative to the financing problem.
@ Tcs & Cs,
The terms of the Riverfort loan was obviously full of holes wasn't it?...The loan and interest has now been converted twice into shares at less than 3pence... but read the loan RNS back in October, so one assumes that the company has been in breach of the 15% loan repayment arrangements? What vote of confidence was that then ? JMO Adyor!!!
.........The principal and interest of the Facility are payable in cash or can be converted at 9.884 pence following approval of the Circular
· 4,249,291 Warrants granted to the lender exercisable at 9.884p for 36 months, being a 40% premium to the 5-day preceding VWAP.......
..........the granting of warrants at a 40% premium to the applicable Reference Price shows confidence from the Lender in the Company........
https://www.lse.co.uk/rns/mezzanine-loan-and-posting-of-circular-rbqsnndk5v9r9nn.html
The loan rate seems more than fair but expansion of the facilities was planned to be achieved via sales. It would appear we still have nothing to sell, which is more than a tad worrying, but ,as stated, DD must surely have been done and an announcement about our first harvest imminent , or will it have been destroyed by an Attack of the spider mite? Meanwhile any early bird advantage is rapidly disappearing as rivals get their product grown and harvested. It is potentially a huge market but just look at the over supply in North America/ Canada : the same thing could easily happen/:is happening in Europe as there are a lot of alternatives to Held out there . As always DYOR and i would just start with the RNSs of the last 15 months here. Of course, time it right and some decent money could be made on a spike
Ok so then tell us with your finance experience where you would have acquired short term funding?
I'm not interested in your personal insults, I only deal in information that's either beneficial or not to the company. Riverfort loan was a total calamity for shareholders and information leading up to that point was at best amateurish or totally untrue? JMO Adyor!
Moniman you truly are a sad and pathetic little individual.
No wonder Riverfort took shares instead of cash...did they get tipped off about the announcement 🙄? Disgraceful imho and incompetent loan arrangements by Dav and the BOD considering all the bull crap prior to the Riverfort loan. Either a pack of lies or total incompetence from the BOD surely? JMO Adyor!!!
Really impressive funding terms. You have to assume a substantial amount of DD has been done so we can safely assume the facility and the crop are all looking good and on track. More funding lined up so it should go from strength ti strength now
Fantastic news. Not often you see a little old £3m Mcap company secure a 15 year loan for nearly £1m GBP at such a low interest rate
More funding lined up in advanced stages and certainly would have expected them to do their due dilligence
Need an update on current state of play.
See also this article , with more numbers
https://greekreporter.com/2023/01/27/first-medicinal-cannabis-production-plant-opens-greece/
including this, re potential competitors
.."Since June 2018, when the legislative framework for the licensing of plants for the cultivation and production of finished medicinal cannabis products came into effect, the General Secretariat of Industry of the Ministry of Development and Investments has licensed 134 plant installations nationwide..."
That's a lorra, lorra licenses....
GLA
May be worth looking into this company and see what it's up to.
https://www.greenprophet.com/2024/03/medical-cannabis-now-legal-in-greece-and-country-eyes-being-major-european-grow-hub/
There's been a Nelsonian blind eye turned to earlier news about this co, which appears to represent serious competition to HELD (admittedly, on the evidence to date not a very high bar).
GLA