The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Would not be surprised for SP to push up to .0022 then may even delisted end of June only for a RTO to happen later with whoever has Lsai customers. Only guessing Hoping here.
According to LinkedIn he is still employed as a advisor to Lsai
It all adds to the mystery here, I've been puzzled since January 2021.
Is David Rae still an 'adviser' to LSAI?
Ive not been able to check on LinkedIn as forgot my login
What happened to all the verify customers, did they not have 150 plus some known names in there the like of In market, weren’t verify been assessed by bigger names before the blissgate scandal blow up, the big named appeared to backpedal away from that, then the other big name step in.
What happened to all those customers and database?
And we will be blue again
We should also receive notification for the date of the AGM soon, unless the publication of the results affect that.
Think I previously said, I contacted Nigel and he said the results delayed due to auditors backlog and nothing more, their work was scheduled for end of may, and results ready towards end of June hopefully.
Any delay into July and the company will be suspended, but it isn’t the be all and end all, as the shares will be relisted once the results have been released.
There is no time frame for the company to do a transaction, just to clarify that!
Nigel could have said about the auditors just to get me off his back, I’m totally not sure. Reality mine have recently released their results, so any link I thought there may be there may not be.
It’s all just a case of waiting to see what happens knowing everyone involved is aligned with shareholders at a higher price.
I don’t know, my only thought is why delay the results of a company if you have no staff, have no new products and have reported very little for the year.
Unless something is about to change.
But I’m only guessing.
RNS after 4.30 30/06/2023 my guess
Is it as simple as 1st July is the start of half year and it just tidy tax wise and all round
What are the benefits of taking this to the wire for the new company? could it be tax or time of year or something completely different that only certain people would know?
Hopefully!
We are nearly in the month of answers.
It’s not much but we’ve finished up for the week.
Bank holiday
Clearly the same buyer yesterday just before close, most buys we’ve had in a single day for 6 weeks! Bit of volume arrives and we’ll be trading at 0.2p+ again
Interesting finish, nice blue weekend
So they will need to release the results within the next 6 weeks (last working day of June) or be suspended.
So affectively they will announce the RTO at the same time or in the period up to then if that is in fact the case.
It could be a very interesting time!
Yeah yabadabadoo
Exactly right - also the fact that Reality Mine are also yet to release their results and their Data marketplace logo being literally identical to LSAI logo
To many coincidences? We’ll see
Carlsburg scenario would be, all warrants exercised on RTO, no further capital required to be raised which in effect wouldn’t alter the share structure and we could see an almighty move post RTO! I think management know this, if they do it this way, I reckon they’ll get a raise away much higher a while after RTO as it’s so illiquid it’ll fly
I agree with you it just feels like something is about to happen - I have nothing to base that on but why delay the results if nothing has happened and there is nothing new to report.
Unless something is about to be announced.
Https://corporatefinanceinstitute.com/resources/valuation/reverse-takeover-rto/#
How will it happen, a reverse takeover, I mean?, will it be announced after the fact, can’t imagine it happening like a normal float
Really feels like something is very close here - wouldn’t be surprised to see a deal announcement before results are due in of June.
Chart has also started to turn back up, the weekly chart looks very interesting with a higher low set in and a 20ma/50ma cross about to occur, price breaking above the 50ma
Hardly shameful if they do a deal at multiples of todays share price. The people involved here who hold huge amounts of stock are all fully aligned.
Book has now firmed up, there was 5m available now 1.5m max before big premiums wanted