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When the muppets arrive and start trying to point out "the accounts", usually their short isn't pushing far enough
Hahaha hook, line and sinker 😂
Bit early in the week to be on the pop.
Hilarious sh.t show
Hey, Robin!
Trademarks don’t mean nuffing round my neck of the woods. Meet me in Sherwood Forest at dawn with a bow and arrow.
I’m the Robin Hood of AIM. Here to stop the rich stealing from the poor.
What are you here for Puma? thinking of buying in, shorting or just the banter?
OK but I’m not sure it will be quite so side-splitting when the company’s bank balance is literally zero and they have to appoint a liquidator.
Alternative is a deeply discounted placing. They’ll be rolling in the aisles at the next AGM reminiscing about that one.
All pre-revenue companies are "broke" - hence the tee hee at the "financial oblivion" because it's ludicrous when put into context.
Owlman,
Having seen the level of your latest reply, it seems it was ambitious of me to think you might be able to interpret financial accounts.
For the avoidance of doubt, on
13 Nov 2023 11:20 YOU (yes, you) posted:
“I first bought in at 18p, then added more each time I thought we’d hit the bottom. Hindsight is a wonderful thing. My average is a little over 12p”
Anyway, we’re all on the same side here.
It’s evident the company is broke and will either need to raise cash imminently or go bust. There is really no other possible outcome.
"financial oblivion"
Tee hee :)
Yes, I said the words as I was typing them 😂
Owlman
Did they teach you what speech marks meant at school?
Do you not remember typing the words Haigh has attributed to you?
You’re right there. I just don’t understand why someone who has an average of 12p would come on here trying to spread fear. If anyone takes your “advice “ the share price would fall further leaving you with a bigger loss?
Another one 😂. In my limited experience this is usually a sign that the share price is about to climb.
Owlman,
“I first bought in at 18p, then added more each time I thought we’d hit the bottom. Hindsight is a wonderful thing. My average is a little over 12p”
You might want to wait a little longer before you add again, you’re not very good at picking bottoms it seems.
OK but for those people not living in cloud cuckoo land, since that video (which was dated July so even if it does say they’ve got 12 months’ cash and nothing unforeseen has happened in the intervening period, then they are still only 5 months from financial oblivion), surely any rational investor looks at the results to 30/9/23, which obviously cover the period subsequent to the video, and replicates the straightforward analysis done by Haigh and reaches the same conclusion.
So ultimately, worst case they are completely brassic, in cloud cuckoo land best case scenario they’ve got 5 months’ cash runway, in which case any shareholder would surely hope they are fundraising now rather than leaving it to the last minute and ending up with and even more brutal discounted placing.
Nothing against newbies, we were all one once, but I love it when they come on here spouting doom and gloom. I’m truly terrified now 😂
Watch the video on homepage of mka. States funding for 12 months from date of video . Also states next round of funding from grants and strategic investors. E.g. cotec et al
I don't think you need to be brave to buy at a £17m mcap considering all the assets they have.
Just looking at the interim results:
https://www.lse.co.uk/rns/MKA/results-for-the-quarter-ending-30-september-2023-qo2mlcx2l4ec5he.html
Cash as at 30th September: $2.28m
Loss for three months ended 30th September: $1.55m
By those numbers the company looks to be at effective zero cash basically anytime now.
I like the sector, but I can’t entertain buying here until funding is sorted. It’s brutal out there for fundraises at the minute, BOIL the latest one to get hammered last week.
Good luck to anyone brave enough to buy at this juncture.
Tell me you've closed your short without telling me ...
Someone has been whacking in the buys today...