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main market listing too and not aim, so if they strike a big deal, the potential upside could be significant imo
mustang potential is undeniable, SPAC are hot in the USA, most likely the SPAC interest will be here soon, we could see a fantastic opportunity here. taken some fot the inevitable rise. Directors are holding 29.6%, and not taking numeration until they get a deal.
sounds fair
Brilliant- so in this case I guess it’s all about the decision makers, will do a bit more digging
Do we know if mustang have a time frame of when they are looking to move?
AD12, good explanation here for you: https://www.thearmchairtrader.com/what-is-a-cash-shell-and-why-list-one/
Can someone give someone new to investing a quick summary of this company -
All I know is that it’s a shell ...not 100% what that is first one all
Not much stock about which is good, very low market cap which means great opp for growth and getting a lot of attention
Now I just need to know what it is before I take a punt in the morning!
The award to Shell of the Moment had to go to #MUST a company likely to be steered into the direction of #fintech. The market cap remains below £1m, with the £400,000 in cash @ZaksTradersCafe directors are said to be doing without remuneration until a deal is done.
https://twitter.com/share_talk/status/1326911000247984132?s=21
this list is fascinating to say the least. look at the companies to list on London Markets stock Market
https://sifted.eu/articles/which-european-startups-will-ipo/
Government to reform Listing to attract tech companies.
looks like Mustang will be on the list for some big tech companies to list in the London stock market.
All buys shown as sells. Bit strange. Anyway, big opportunity this one
It’s difficult to know where the sp could go, all depends on the deal agreed, in the recent interims the company said it was targeting an acquisition with the value of £2-50M so a potential 50 bagger! Having directors aligned with shareholders and a supportive cornerstone investor it should be extremely fruitful no matter what. £1M Mcap for such a clean SPAC seems cheap to me. Especially as they have £400k in cash, £2-3M+ prior to a deal would seem a much fairer valuation bearing in mind the main market listing alone is worth £1M+.
Nice little mention by Zak Mir: https://zakmir.com/stock-market-watch-amc-brh-jkx-msmn-must-orph-rms-tlw-tsi/#gs.knwl93
Forgot to post the link! https://t.co/aqHWEMdWiC
Earl, you appear to have answered your own question. Here another great read, SPAC’s/shells are becoming increasingly popular in London. I haven’t found a cleaner one than this.
worth doing some research what is the opportunity here.
https://www.google.com/amp/s/www.sportico.com/feature/spac-defined-explained-sports-1234616048/amp/
what is SPAC? and how will this benefit Mustang Energy?
Few taking note of how clean this company is, the best shell/SPAC out there IMO, position early and sit back ready for news. Any deal likely to be of substantial value with directors holding 29.2%. Interests well and truly aligned with shareholders.
Mcap: £920k
Cash: £404k
Directors holding: 29.2%
Shares in issue: 8.4M (tiny ff)
HY report: “the Company will be able to target an Acquisition where the target company or business or asset(s) has a transaction value of between GBP2 million and GBP50 million.”
SPAC’s are becoming increasing popular: https://t.co/DLdrahI73l
Directors and management are not taking any remuneration until the first acquisition is made! Current cash balance will last 1+ years as a result. Serious skin in the game means any deal will be as non-dilutive as possible. Dean Gallegos (the MD) is the largest shareholder with a 19.4% holding! Australian Special Fund are cornerstone investors and will be supportive should further cash need to be raised for an acquisition.
Jacqueline Yee was added to the BoD in May this year to asses tech focussed deals. Technology companies have been going nuts this year... She is a Mentor to DeepTech Start-Ups on Singapore IoT Tribe Accelerator programs and an Enabler Member of The Global Fintech Connector.
This is the cleanest SPAC/Shell I’ve seen and is now focussing on tech as well since Jacqueline’s appointment in May. The company are optimistic that something will happen soon.
Where’s all the money gone?
They raised £750k, and their accounts say around £275k, plus some receivables of circa £350kish?
Wtf?
L.
Valued at cash
Onshore asset incoming which will be producing within 12 months
Asset value between £2m and £50m
Current mcap £1m
Directors taking ZERO salary until acquisition made
Next #JOG?
8m shares in issue of which 6m are sticky (70%)
Buy after hours @14p , tomorrow could be interesting.
Market asleep this week. Next week when the mm’s are all back from holiday we’ll see these climb fast. Tiny free float and big things likely to be coming with the calibre of the BOD’s here. Been buying in the dips when the mm’s allow.
The bod have skin in the game here. Tempting worth a punt. Very little stock available
OMG how fast this moves under a million in free float guys
BBBOOOOOOOMMMMMMMMMMMMMM what a share