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Look at Sareum nearly killed the company off only the intervention of a raise by shareholders stopped this from happening if RF are involved you probably will have something good which they will want cheaply hence the continuous drop in sp
Good luck to those invested
20th May 26 million shares traded at the bell
23rd May 22.5 million shares.
That’s nearly 20% of the shares in issue. Yet no s.p action and know TR-1. Can anyone explain.
We know KIBO aren’t selling for 3 months.
With the remaining outstanding balance due under the Reprofiling Agreement will be £477,005 That must work out that another 500,000,000 shares or so must be issued? The companies like Global and Riverfort behind companies like this it is not surprising why we see a continuation of a death spiral. This will not be the end of share issues either. AVOID
Doesnt change the statement.. its a coin flip.. btw I am a holder .. so I hope it recovers..
Already sold fella.
Now just waiting on PI sellers on up's.
Excellent news last few months, the best the company has been able to provide for last 2-3 years.
Total shares in issue will be 426,354,067 so market cap is £874,000.
MCAP of 600K now .. its either going bust or its cheap as chips.. still Binary here
Hasn't he agreed to sell them though ? From RNS 7/5/24;
'Following admission of the Subscription Shares, Mr. Krügel has agreed to sell the Subscription Shares to new investors arranged by the Company's broker, Novum Securities Limited ("Novum") at the same price per share as the Conversion, being 0.20p (the "Placing"), for a gross consideration of £325,000.'
I like this RNS always reassuring when a Director has some skin in the game. Krugel must be in for the long haul, it shows it is not a Directors lifestyle company. We are at a very low market capacity, this company could easily rise 200 to 300% same day with the right news.
Investors can gain confidence from today’s RNS knowing that Mr. Pieter Krügel who is a director of the Company wants to hold on to those shares for a good reason!
Some mega news must be around the corner to be released very soon…
Need to hit the buy button first thing tomorrow morning :-))
He won't be selling any time soon, you bet you last £ on that, he knows the recent developments better that anyone, and pushing towards higher revs and profit. onwards and upwards.
A very late interesting RNS released
Mast Energy Developments PLC, the UK-based multi-asset owner, developer and operator in the rapidly growing flexible power market, is pleased to announce that further to its RNS announcement of 7 May 2024, the 162,500,000 new MED ordinary shares of 0.1p (the "Subscription Shares") at a conversion price of 0.20p per share will be allotted to Mr. Pieter Krügel, a director of the Company (the "Conversion") tomorrow, 24 May 2024 and admitted to listing on the London Stock Exchange for which approval has been granted (the "Admission").
Mast has a total share register of 426,354,067 ….. it would seem Mr Kruger holds a whopping % as these new shares are on top of his already hefty holding
Better to have the option than not. don't you think?
anyway MAST does not need that money is already grossly undervalued, in good way.
Now that's a word ...what it means to mast which they have not written in the RNS is..
.we have asked proventure to pay us the said amount of money ..they won't because that would mean they are guilty by law...and we have not got the money to take them to court...but this makes us look good saying they are obligated to give us the money ...they won't we won't take them to court ...lesson learnt
“The Default Penalties have formally been accepted by Proventure”
XXX(IF THEY PAY)XXX it will be a great boost the sp..
Under the provisions of this agreement and JVA deed of termination, Mast Energy is entitled to receive, and Proventure has an obligation to pay default penalties, amounting to GBP435,000. :)
Another great rns, mkt cap next to nothing.
build it. they getting it moving
good to see rev generation
and potential legal reimbursement of £.5m for causing delays to MAST.
"Pyebridge is operational and generating income."
why could this move soon, what figures are you working on going forward.
another drawdown to make get pye**** going.
more debt.
Looks like Pyebridge is on track. Overall this update looks pretty good in my opinion.
"The 2nd Advance also enables the acceleration of the overhaul of the first genset, and once the work is completed will result in a significant increase in additional revenue from the Pyebridge site and more importantly sooner than expected."
This could move significantly soon.
Good luck holders.
Better to walk away in my view. Move on Write it off. Lawyers will charge more than than to recover it.
well that jv has really turned into a crock of ****. i cannot ever see mast recovering the default money owed to them.e
Better to have low placing then a high one.
who wants a high placing?
good setup to get them low as possible
should build up
they unlocking value, they have too. it has been a while.
26 million shares traded at the bell. Exactly 10% of all shares in 2 trades.
Surly that has to trigger a tr-1 tomorrow
Are they buys or sells. ?????