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I think you have run out of arguments , Mohh and Mr.Investment have made some excellent points. It is going nowhere if it keeps on going the way it is going now.
" Their total loss was 3 million .So how would a company which has been around for sometime and been funding its day to day operations via placings is going to survive once it is no longer listed."
you are the kind of guy who would say....how are you going to sell your house without an estate agent ...or how are you going to buy a car without a car dealer
blimey..... wakey, wakey to the number of companies raising funds without being on AIM ...
This aim listing was keeping them afloat as they have not made a profit in all these years and were funding themselves through placings .
Mr Investment
I hear you....but anyone looking over this wont be bothered about the bottom line loss as a reult of high Admin costs....in the sense that they will be looking at revenues, liabilities/assets ...growing revenues, a positive NAV etc points to value somewhat higher than a current MCAP of under 1 million...just a personal view
They have missed the chance to go it alone....that they have admitted by putting themselves up for sale .....so in effect they are giving someone else the chance to make the success that the constrainst of being a tiddler company has ...
In some senses they were ahead of their time with smart home products ...they were trying to sell them before the market had really caught on in a more mainstream way...
I am not making any recommendation to buy or sell the shares.....but..if they do get an interested party..I would be very, very suprised to see a final offer of the current 0.75p ..again just a personal view , nothing more
Their total loss was 3 million .So how would a company which has been around for sometime and been funding its day to day operations via placings is going to survive once it is no longer listed.
" It will be much harder to raise capital this way off market."
Can I suggest that you read the rns about what the company itself said about raising money as a result of being on AIM ..in with all the detail about putting itself up for sale
Yeah, it is a tiddler..no mistaking that...and the reason it has losses are to a great extent are down to the high Admin Costs which swallow up the gross profit and more
Anyone looking at this and looking to add it into a company setup and distribution network would slash those Admin costs from day 1 ..... that is where you could make a big impact
It is a tiddler that has basically said it can go no further based on its current constraints and running costs ...they have said that themselves ..it is all there in the RNS
But it has some good products, channels of growing sales and customers ....it isnt worthless ..IMO
This is a tiddler and about 68% of the shares I think are in the hands of major shareholders and Directors...
..the share price drop is actually as a result of the trading of a relatively small % of the overall company shares
I dont have any other reason to deny it. Company is not traded very often and fairly illiquid.You can argue but there could be massive sells which have not been reported. Tomorrow would tell.
shamI89
on a snapshot...0.45% of the company listed shares have been traded so far this morning, and the share price is showing a drop of say 16.67%
Now ...do you honestly think...that the value of the company and fallen 16.67%...in reality...based on the trading of 0.45% of the company shares ???
I havent told anyone to do anything .....and I would suggest Suhail has just put forward his own thinking and his own pathway....just the same as what you might be doing
Not really telling people to buy at 1.40 and 2, when you fully know that it would be worth 0.1 in two days is criminal and that is what you lot were implying.Me and Mohh have been right about share price so far .
" but what I will not tolerate "
haha bit rich coming from you...the man you posts that he thinks the company will be dissolved without any kind of material data to back up such nonsense ....
and he even suggests he is "teaching newbies"
Tolerance ...haha dont make us laugh
" so it is pointless speculating about take over price etc."
maybe so...but you can haunt every BB and chase postrs over speculations and running the ruler over figures etc
looking at what pervious investors have paid for the fund raising etc ..isnt speculating at such..its resarching and providing guidance etc ....no one knows of course not
...but it isnt for you to tell people what data they can look into and what they cant
The fact is..this company is a tiddler and it makes little sense to deal with the weight of AIM costs and regulation to keep it on the AIM market....but that itself doesnt it any shape or form suggest it is going to be dissolved or in fact chnage materially the business from this week to next week
..and no one knows what is going on in the background, who might have signed a NDA and who might be looking over the books ...no one knows
...so even if it goes to 0.1p ..that is purely a share price at any given moment on a given day to which you might be able to buy or sell...but you are under no obligation to sell if you dont want to....it isnt compulsory by any means
It is still very much undecided with regards to any future ownerhip , investment etc
Ok lets put it this way, company has put itself up for sale and has not found a buyer yet , so it is pointless speculating about take over price etc.
"There are many other companies which have been put up for sale and has not found a buyer yet. "
That is irrelevent ...the fact is..this company is for sale..as as such anyone talking about takeovers isnt talking BS ....it is merely their opinion on whhat any sale might work out as ..
You seem perfectly happy for your buddy to suggest that this company is going to get dissolved..his opinion without nay kind of information to back it up ...but you have a strong notion of a poster talking BS about takeovers when in fact it is there in black and white on a company created RNS that the company has put itself up for sale
That happened in November and company decided to cancel its aim admission in January.There are many other companies which have been put up for sale and has not found a buyer yet. T
Thanks Mr.Investment, you will see a few faces behind most of meteroic rise on aim and can see a pattern emerging, some people on Twitter start posting about a company , volume increases and their cronies start buying, it goes up and draws in mewbies, people who started this get out with a hefty profit and others are left holding the baby.They alwaya target illiquid stocks on aim.
ShamI89,
It is a bit difficult to suggest that takeover talk is bs , when in fact the company has in effect put itself up for sale ..agreed there is no indication of what price any potential investor would offer....but...the comapny is...up for sale
Let us deal with this one first as it is bloody obvious this share would lose most of its value tomorrow and some guys were throwing take-over , accumulation and other bs at others.
Mohh, ShamI89
shouldnt you guys be working hard to save the newbies over in NCYT ...plenty of "p&d" going on over there
..quick,quick there is work to do...no time to lose
" let me tell you "
give us a break from all your lecturing , the two of you ....
newbies...this share isnt for you.... but you shouldnt need the paid posters to tell you that
You know fully well Mannan who bought these and why? For newbies let me tell you that buys around 1.40 were made by Suhail and cronies to push up the share price and that gamble did not pay off.
yes you got the man all yours
Not really it is to tell others of "p&d" crew, pattern is there for you to see, our friend takes a position and then starts throwing take-over, management buy out bs at others, soon his cronies join him and once he has made his money he moves on to others.I salute Mohh as he has taken it upon himself to save others from losing their hard earned cash.Here is the thing why would you want othets to buy something , knowing that tomorrow it would be almost worthless.