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Investors wanted a change at the top and that's now coming. US Listing definitely makes sense and if they can meet the requirements for NASDAQ the valuation will be significantly higher than it is now. Anything under 1.13p is currently below the deal valuation. Will we get closer to that before end of Jan?
At least we might get to see some volume now. Currently £12million mcap for $45million valuation so short term I imagine lots of money will be made from here, ups and downs, then it's a case of how many people want to stay long. Some good money could be made in just over a year but its definitely risky with a lot of if buts and maybes and ties money up till 2023.
Let the fun and games commence. GLA
Well, AM has truly excelled himself in a deceitful manner, taking the company down to such levels and losing decent peoples money, it was enjoyable being part of this board with all the honourable people who invested with such good faith, being ripped off by such a disingenuous person is not the fault of genuine investors. There is a saying ‘every dog has its day’ and both AM and SH will have there day! Good luck to all the LTH’s!!
interesting question about N&G.the actual discount figure is i think 7%,but what they will do next I've no idea.the £6m so far invested at average of about 1.48p is now worth about£1.4m.they must surely have been privy to the plan (will be pretty peeved if not)and perhaps an agreement to buy back the outstanding £2m,to try and preserve somewhat the existing value.clearly if the deal doesn't go through its completely finished so they will,i expect,support it.what concerns me is that the deal has clearly been in the pipeline for a while but no updating of the market as to change in circumstances till now.no doubt the lawyers and advisors will have that point well covered on grounds of commercial sensitivity etc
Sorry aimigo maths is right numbers are wrong, you are correct… will leave the wine when posting.
the anomaly is that they're consolidating 740:1 but valuing the shares at 1p. Technically, that means the shares are undervalued but it won't be reflected in that way until delisting, at which point it's meaningless. Then it depends on what the market wants to pay for those stale, stale assets.
There was a reason Real Networks sold Napster to MVR, It was because noone else wanted them. The 'v' in MVR never was anything of the sort. Always amazed the press never said anything. What I am bemused by is what N+G are thinking? As I understood it, they can convert at approx 10% under low price so... 0.27p? That would give them trashe everyone's holding as they'd probably end up with over 30%. But how would that help them. Also, I start to wonder how much of the raised fund was actually spent? Makes one wonder if there really were 65 developers working on a busted flush?
thanks aimigo. thats helpful
not looking for an argument,just clarification. naps valued at £12m on todays closing price.that is just under. $16m. so what about the $45m.?
Noddi you're looking at today's volume and your maths isn't right!
$44,600,000 divided by shares in issue 2,962,945,547 = 0.01505. So 1.50 US convert to 1.13p UK
#shafted glad I sold a load but still lost a grand today
On what math????
$45,600,000 divided by 119,290,570 shares is .3429 gbp or otherwise known as pretty much today’s close…
Anyone know how many warrants are left as it will dilute the price of each share obviously(assuming sufficient numbers ) if they are taken
I bought a few in the belief that the app would be ready just after Xmas and was expecting a rise as we got closer to Xmas. Lucky I only bought £150 worth a few days ago. Could this do weird things in the coming days and rise above 1p?
think you would have to discount any arithmetical calculations of value based on thew sale price,to reflect the disadvantage to pis etc of being in a private company.that said i agree with the implication that fall today has perhaps been overdone.still a mess though.
$45.6million valuation puts the share price at around 1.20