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Finished up 22%.....looks promising going forward
current price of that nex stock hash = 0.635p
Amazing how artificial intelligence is after a wee bit of weed
HGC 3 billion shares 0.5 15mill mcap
0.8 24mill mcap
1 30mill mcap
£500k cash
what is 10% of Sentiance worth?
rising on listing to 6mill mcap 0.5-0.8 seems too cheap for 10% of Sentiance
not selling mine bud
just musing on how its gonna go short term on opening
will major holders still be under water so will hold and we get traction not sp crash as big holders try and get out
Its difficult without knowing exact value of Sentiance now when MCC stuck £9 mill in for 14% they must of been worth about £65 mill
As HASH will have 10% of Sentiance + a modest amount of cash then it all boils down to the value of Sentiance. HASH currently @ 0.5p = 10% £12.5m = Sentiance £125m. At 0.8p = Sentiance £225m. So what is Sentiance worth - seems to me that we don't have a lot to go on but HASH have given a decent analysis of their operations and they are said to be reaching critical mass. Valuing such frontier companies is hardly an exact science as so much depends on sentiment & momentum. I just have a gut feeling that a value within the range of £200 - £400 is about right but of course this could move dramatically - either way !
Kezz ha! i will buy your shares of you now if you think that is the case?
be happy they invested £9 million 14% in Sentiance
which is gonna be worth £2.5-3 mill if they're lucky not a great return wonder if they will hold until Sentiance is worth many multiples
As to hash, good news yesterday
Https://www.gov.uk/government/news/government-announces-that-medicinal-cannabis-is-legal
Thanks codeine ,wait until November ,only had about 5,000 shares worth about £2,000 then ,I’ve wrote it off to be honest ,so if it’s still worth s £1,000 I will put some effort in to sell,anything less and I probably won’t bother .
Yo reece.. Call Hargreaves hale see if they can as I know they trade NEX stocks. You may have to wait until November for transaction to take place before. I don't think you can actually sell them at this point. My guess is you will have to reinstate them as HASH shares then make your move.
Let us know how you get on as I will have to do the same
Issued share certificates by HSBC on delisting ,anyone know when or if you can sell them ,cheers
There it is, there is the clarification I was expecting from MCC ;)
Now will see where High growth capital will bring us... High growth perhaps?
Thumbs up!
nothing for warrants
I suppose the warrant holders won't get anything?
you can stay in Sentiance and add
if you still like the story long term
who knows what Sentiance may do in future
might leave NEX and go back to AIM or main market one day
there will be close to 3 billion shares in issue of which MCC holders will hold 2,562,500,000 after placing
25 High Growth Capital shares for every 1 MCC share
so if it opens at placing price 0.8 x 25 =20p MCC at suspension 40p so we might get half back if were lucky and the price doesn't tank and go lower on listing
We can indeed sell. But at the placing price we would have lost half of the placement from closing price of MCC. Poor. Maybe not as poor if you thought you lost it all.
Significant Shareholder No. of shares %
Chris Akers 40,000,000. 11.9
Richard Thompson* 21,684,213 6.5
Gail Ganney 19,849,354 5.9
Nigel Wray*** 15,878,744 4.7
Miton Group 12,895,000 3.8
Richard Corsie 11,250,000 3.3
Hargreave Hale** 10,483,733 3.1
Hey Gorrillacramp.. I assume you are/was a hash holder hoping for them to do some cannabis deals. You seem slightly disgruntled and probably for good reasons. I suppose as you have now sold with profit (post on twitter) you can happily move on.
Many mcc holders will indeed sell but the ones that understand the Sentiance potential are going nowhere fast.
Good luck
On the hash page an announcement about a placing at a premium and an acquisition in the AI space. That sounds interesting https://www.nexexchange.com/announcements?newsid=4154904 Excerpt (Oct 10): Conditional Placing to raise GBP500,000 gross, at a price of 0.8 pence per placing share; Proposed placing price represents a premium of approximately 77 per cent. to the closing mid-market price of 0.45 pence per Ordinary Share on 8 October
2018, being the latest practicable date prior to the publication of this announcement;
· Proposed acquisition of holding in major European artificial intelligence
software business;