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Extremely, dropped over 90+% after delisting rns (and a lot before that already), then supposed to delist 11 Oct and pulled the plug with suspension once they got shareholder approval on 27th! BoD totally inept and should have gone ages ago, just can not understand why the major shareholders backed the bod and their delisting proposal! Makes zero sense so there must be something fundamental that we PIs have not been told..gl
...hope all PIs got out when they could - I took my hit as soon as I could and sold everything. Remember the loss, if in a trading account, can be used to offset CGT in your more successful future trading years.
Older, wiser.....and just as angry......
Yesterday’s rns straight after bod got the go to delist, announced temporary suspension with a vague rns. MMs have robbed PIs here big time, dropping this constantly from 8p to 0.5p, even today they would only allow sell at NT, when they know most PIs would want out - Hope the big investors know what they’re doing!
Anyone going?
Strange trading going on here. Trades on nex and LsE show over 63k buys and mere 902 sells, but SP down over 10%..
Possibly coming here if they convert the loan, they will have to make an offer..dyor
This has to blow soon, big investors are piling money in even though bod want to delist...watch this space.
That’s what you call confidence! The big investors are here and happy to loan more. PIs are being taken for a ride by MMs, dropping this on small sells and hugh buys
1/2m buy but 20k sell and this is down 10%..make this out!
Strange trading here, share price dropped over 90% based on news of prosposed de-listing. Was trading 8p last week...??
They seem to have invested a lot of money in this company. First running it and then selling under reverse takeover to new bod, then increasing stake again and also lending continuously to the company. This whilst the new CEO continuously decreasing stake! There is no way they can trust this bod going forward, if they allow them to delist then this is only going one way. Interesting few weeks ahead as cant see it being allowed to happen pls dyor
Going through RNSs, it’s very strange goings on here. Since Jan constant loans, at time $300k twice a month. Now who on earth would continuously lend them money like this if there was wasn’t a guaranteed return & profit? Australian Post is also a multi years contract - but BOD did not disclose any figures. Is this being made to look bad?
Failing constantly to deliver on face of good pipeline of contracts. CEO said this after fundraise in June 17, they’re saying the same thing again in the circular.
Stuart Mitchell, CEO of OneView commented:
"We are delighted by the support of the new investors who are participating in this fundraising and thank LCG and Hawk for their continued support. Since inception we have been consistently undercapitalised and look forward to putting these funds to work to propel our growth forward in the interests of all our stakeholders"
Interesting Hawk & Lane companies are both held by the same person - and this person is also Non Executive Director in ONEV. So the Circular is misleading in referring to the debt owed to Major Sharehodler as reasons of delisting - it’s seems all in house trying to shaft the smaller shareholders. But this will only give them 60%, they need at least 75% to delist..!
Last results and company was debt free post July 17, now they have debts as since Mrs CEO took over she has gone on a spending spree on constant loans. This smells.. Revenue up 75% to $1.8m (H116: $1.0m) · Recurring revenue increased by 359% to $0.9m (H116: $0.2m) · Loss from operations before exceptional items $2.1m (H116: $2.3m) · Loss before tax of $2.7m (H116: $2.4m) · Basic loss per share of $0.01 (H116: $0.01) · Debt free post June conversion (debt at 30 Sept 2016 $2.8m) · Cash and cash equivalents of $0.6m at period end ($0.2m at 30 Sept 2016)
Need change of management very simple not delisting. Get some decent BOD in with drive and energy. The company is pulling business..so there is very long with its product.
Hawk & Lane are Largest shareholder with 24% each, so can’t see how they will allow it to de-list and trust this BOD who simply need to break some sweat and secure long term funding. How would it make it easier in private, if this bod can’t even manage it on AIM when all others can? All smoke screen dyor!
Results are normally out Dec time. Just read the circular and it’s laughable that after winning some large contracts they’re borrowing. This is classic BOD wanting to shaft shareholders making it look like AIM is not worthwhile. When you read the below bit from the circular then you think what? The Company continues to make good progress in the market including the winning of new business from Australia Post and Rapha Cycling since the year end. Since April 2018, Molton Brown, Carhartt and Australia Post have all gone live with the Company’s cloud-based retail selling platform. The Company expects that Molton Brown and Carhartt will have implemented the platform in all of their stores prior to the 2018 Christmas season. The Company has released a new version of the solution which the Board believes is of interest to some large retailers. The new version is also improving the speed with which customers are able to implement the solution in their stores.
I've sold out... This experience will educate me to sell earlier if you cannot get a straight answer about dates for publishing results. I'd asked via their Investor Relations page fir a week or two but was blanked..... Hey ho - the loss will be handy to offset CGT.
Thought exactly the same. I've read some RNSs in my time but this is a disaster. You might get a funny group who like to pump things on a watt app group, making it climb a little only to drop back down as a lead balloon.
Amazed anyone put money in here. Just a quick 5min glance at the RNSs shows massive debt, multiple distress loans at high interest rates, massive losses, and CEO musical chairs. A right piece of junk.
Yep. Ouch. Hard to blame the company, though: AIM is a disaster at the moment.
RNS = ouch! Let me answer my own question..... Never. De-listing instead.
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Good RNS of another client utilising the platform, onwards and upwards.