The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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How long can Naheed keep milking the company?
We knew it was due, no surprises here.
This can't keep happening, enough is enough.
This must be one of the worst companies on AIM.
I can't think why anyone would buy shares in the company.
Whoever took the placing would be best to dump the 0.018p shares and just keep the warrants in case of a miracle and the stock gets back up to that level
She's honestly the worst CEO I've ever come across. To get the company in to a position where they're forced to raise every quarter at these prices is shocking. She absolutely must go, her time here is done as there is no way out of this death spiral.
Here we go, bipolar is at it again.
We could have raised more but we only raise what we need (or something along those lines) is what she came out with at least 4 placings ago.....genius Naheed.
She's thicker than a submarine door. Dread to think what the next raise will be at.
Give it a rest James, next week or month you’ll be back creaming your pants about her.
She’s terrible, has been since we lied about the LOI in q2 2020 and she’s lied EVER SINCE.
There won’t be, this is it now, 2024 success or bust and someone walks away with it all leaving us with nothing
and where’s ******** keith telling us how it’s all about to be amazing and how naheed “must” be working on something and a few pointless news articles to add to the mix.
Still, good opportunity for Naheed to buy some herself (either within or outside of a share plan) and for lordsidcup and gingerhippo to average down.
i wouldn't buy any more with someone else's money at this point, its put up or **** off time.
The fact that zero members of the board will take part in the placing, is rather telling no?
Knew it was coming but still have that sinking feeling
Absolute bottom Tier and has destroyed any value for those who have bought in.
Another 900,000,000 shares to be dished out soon which will take us to 7.5 billion shares. 10 billion mark won’t be far off at all.
"The management and board of the Company acknowledges the support of all shareholders and remain committed to generating an attractive return on their investment" - Naheed Memon (Interim Results / 22nd Sep 2022 / SP - 0.23p).
And since then STM it’s over 90% down. Soul destroying
That 10p a share not too long ago would have to equate to a £350m MCAP. Now it’s £700m.
Away with the fairies.
Folks, you have warned endlessly about this death by dilution scam. Yet many of you keep believing and hoping that you are onto something here, thinking it's just a matter of time and will finally come good. Unfortunately, it's a vicious psychological circle, because you end up thinking, 'if I sell out now, what happens if it suddenly comes good', or you regret not selling earlier, which makes it even harder to do so now, at an even greater loss.
Take the hit and move onto something else, because if you don't, then she will sure as hell hit you herself with the next dilution. Look how many opportunities you are missing out elsewhere, as well as the emotional cost of being invested here. All imho and GLA
I can only hope she gets something over the line before another placing is required, the share prices get back up over 0.32p and the warrants are exercised. That will be about £530k.
Good RNS today, just a shame we won’t see any upside from it after yesterdays bombshell.
She said that she was expecting a 3 month turnaround on this, so one month is pleasing.
Weird timing to announce the placing the day before this news, which is earlier than anticipated. Stinks of letting friends in on the mega cheap, be interesting to see who bought into the placing. If we see director buys at this coming low then it looks intentionally engineered. If so, then as bad as that is, it’s hopefully the start of news flow. If the warrants get exercised within a couple months we should have funds to carry us about 10 months ish? From now.
Should we be seeing a TR1 after the II took all the placing?