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A 5% TR 1 and not even a ripple???
Do we not like Cantor or something?
I hope so!
gl
Are we on the up?
Fingers crossed!
:-)
I don't know if anyone noticed but there was 3 x 40,000,000 buys. The last one recorded at 17.30 ish .
Well, someone has got great expectations with that size of buying.
Best wishes schalf
Apologies...wires crossed...long day at the office - the price extensions were for Zoetic. Still assuming the large volume unkwown buy/sells are related to the RNS?
By now we are aware of the potential involvement of NT's VoyagerLife and anticipated activities. I cannot make sense of the 2 price monitoring extensions issued late this afternoon, in particular in the face of todays RNS. Can anybody shed any light on it? I am a medic by trade, not an investor so please pardon my ignorance.
GLA
I keep saying it, but something, must be cooking with those 2x 40 million buys.
As I have already said time will tell.......just had a small cheekie top up thou :)
Best wishes schalf
The right Path, about time.
About time too.
Best of
It was posted on 28th May but shows late buy at 11.08 on 26th May,2021....
Unsure why it's broadcasted 2 days later and not on the day of the buy.
Best wishes schalf
10 million ?
Where’s that showing ?
Thanks
Wow that's a late trade recorded 10 million shares bought
Best wishes schalf
I've been intrigued with all the buys. So have just bought in 0.249
Hi guys, it's pretty relaxed here compared to outside.
Can't do anything with share price I m afraid northernboy, we have to put the lamborghini on hold for a little while to come.
Keep safe, best wishes schalf
You do get around Schalf!
Never mind grammar! Can you do anything about the SP???
A much better entry point than mine!
Hopefully we will see some movement soon.
:-)
Hello Schalf
Just wanted to introduce myself , I bought in over a last couple of days. Apologies for not introducing myself earlier, just been a bit busy.
I bring with me positive outlook, good cheer and a lot of grammar mistakes.
Best wishes schalf
What? No cryptic message RKB???
;-)
I hope you are right. I bought in a while ago and things haven’t exactly gone as I planned thus far!
Fingers crossed for all holders.
:-)
Thanks for your in depth research regarding this share and sharing this will fellow investors.
I have noted from your posts on other shares that new investors would do well to read and understand the potential of this share going forward.
I have invested a small amount in this share and feel sure that it will give a just reward in due course.
GLA
What could this all mean?
PATH terminate the purchase of the DTU Assets from ZOE.
The complete an increased Fundraise of £3,850,000.
After the Prospectus is published, Nick Tulloch joins the Board as an NED.
Why has Nick joined the Board?
Voyager Life had a second funding round on 26th April 2021 of £741,000 and this was at a premium to the Crowdfunding in Feb 2020. The Feb Crowdfunding was originally at £1.24 then due to a bonus issue of shares of 3:1 the share price was 31p.
The second funding round on 26th April 2021 was at 38p or a 22.58% premium. An AQUIS listed company, Greencare Capital Ltd took part and invested £100,000 and they issued an RNS.
My thoughts (you must draw your own conclusions after your own due diligence) Nick is focused on Voyager Life, a CBD Company that now has funding of £2,345,500 and no debt.
There is one (only one) substantial shareholder in Voyager Life who invested £413,292 for 1,333,200 shares at 31p (has 15.57% of Voyager Life)
Did PATH invest in Voyager Life? If so are they about to RTO into Voyager Life?
RKB
PS If you do your own research, it can reap rewards.
Nick Tulloch
Nick began as an IFA and then became a financial consultant and advised HNR which changed to ZOE. Nick became CFO then CEO of ZOE all in a short space of time.
Nick left ZOE (April 2020) and I quote from their RNS dated 29/04/20 “Mr Tulloch will no longer be employed by Zoetic but will be entitled to a share of the revenue generated in the UK and Europe. The Company believes this new joint venture structure will enhance value for its shareholders, not only by reducing its operating costs in the UK, but by potentially enhancing its revenue opportunities outside of its core US business. The Company expects this restructuring to facilitate Mr Tulloch in securing a major distribution contract to bring the Zoetic brand to the main consumer markets in Europe”
Now if you read the PATH RNS dated 30/09/20 it says “it is proposed that Mr Tulloch will join the Board on readmission of Path's ordinary shares to trading on the London Stock Exchange”
So, Nick is not joining PATH till some time in 2021 but what does he do next? He sets up Voyager Life Ltd on 12th November 2020 with three associates from ZOE (Paul Mendell, Kyle Swingle & Eric Boyle) note their names as I am sure you will get to know them (if I am correct)
Voyager Life Ltd is set-up with seed capital of about £730,000 all provided by the four individuals named above. You may think this has nothing to do with PATH but it gets interesting (in my opinion)
A company called Gasrock Ltd was set-up in July 2020 by the 4 individuals above. This I believe was the 4 individuals attempting to buy the Nitrogen assets (which PATH were also supposed to buy)
Recap: Nick is to join the PATH Board at some point in 2021, he has set-up a company to buy the Nitrogen assets that PATH are buying and he sets up a CBD company called Voyager Life Ltd.
On 11th Feb 2021 Voyager Life open their Crowdfunding on the Seedrs platform. (only invited potential shareholders can apply to purchase shares on the Thursday) They are looking for I think £175,000 initial funding at £1.24 a share. Within a few hours they are overfunded and on the Monday 15th Feb 2021 the Crowdfunding is opened to the general public and they apply for shares up to about £750,000 (a lot more than Nick could have hoped for)
Due to the Voyager Life share demand from the public it was closed officially on the Friday only 5 days after opening to the public and some people were unsuccessful in receiving all the shares they would have liked.
Interestingly on the Monday the 15th Feb 2021 PATH issued an RNS to say they were no longer buying the DTU assets. I believe the termination of the DTU agreement is correlated to Voyager Life.
RKB
PS If you do your own research, it can reap rewards.
Due Diligence
Path Investments over the past few years have done a fair amount of due diligence but never seem to complete the transaction, why?
Last May, almost a year ago they began a new lengthy due diligence to purchase the technology of DTU from ZOE along with their Nitrogen assets.
ZOE had the rights to 75% of DTU and the Nitrogen assets were valuable (in my opinion) and ZOE initially used the Nitrogen gas for their CBD production.
About 6 weeks after the initial RNS about buying the DTU & Nitrogen assets the terms were changed.
Later PATH decides to purchase the other 25% of DTU from Diversion Technologies and alter the terms for ZOE and agree a royalty payment.
Then in November 2020 the terms are tweaked yet again. This is when things begin to change. What looks like a good deal for PATH (acquiring 100% of DTU) seems to stall a little. But if you know what has gone on in the background it may assist you on what PATH are trying to do.
To be continued.
RKB
PS If you do your own research, it can reap rewards.
Very interesting !!
With the share price presently at the same as the Fundraise then this looks like a very attractive buy to get in at floor level, and if as you say they have already invested just under half a million then they should be notifying shareholders in the very near future.
Appreciate your research and will be trying to sort out funds to get on board before I miss out like normal .
There was a Fundraise in February initially for £3.5 million at 0.25p and it was increased to £3.85 million.
The Fundraise is for:
Expenses of the Fundraise and Admission which are expected to be in the region of £534,000.
To pay certain outstanding trade creditors, principally advisory fees and up-front deal costs totalling £279,591.
To redeem certain Convertible Loan Stock totalling £160,000.
To pay both internal and external costs for future asset acquisition identification, analysis and negotiation.
For general working capital purposes of the business.
Now if you have done your own research then you will see that there cannot be £3.5 million in the Bank it is about £2.9 million after deducting the £534K, £279K & £160K. That is why you should always do your own research.
The reason why I originally said £3.5 million cash in the Bank was because I had not had sight of the Prospectus Document that was produced on the 12th of March 2021 (three weeks after the Fundraise)
My analysis and research points to an investment has already been made for £413,292 which I will expand on at some point. If I am correct in my analysis then this investment has already increased to £506,616 or an increase of about 22.58%.
RKB
PS If you do your own research, it can reap rewards.
On its 52 week yearly low here.
No debt.....Lots of cash in the bank.
Intriguing.
DYOR