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Agreed some very weird small trades popping up???
This must be a sign we are close crazy seeing so many extremely small trades taking place. What's going on???
Exactly nigel has a shining track record, why would he put his reputation on the line with a cash shell unless he was going to pull something big off?? They could have a deal ready now, it would play in there favour 'those in the know' to string it out to the deadline and meanwhile hoover up cheap shares that weak holders let go ;) when the de-rampers turn up soon its normally good news and time to buy imo DYOR
Willec read the Polemos home page! 6 months of suspension before delisting.
Lucky will be those when on deadline day if no news comes they will have chance to top up on atleast .50p
well ive met Nigel. Hes a clever bright guy, certainly not one to rest on his laurels. Not too many opportunities out there at the moment so this is an opportunity.
Surely nigel would have had a deal or two lined up before commiting to Polemos and with alot of his own cash in here?? Big risk for him to take otherwise, this could go all the way to the last bell then news at the last minute! 50/50 imo
Months to go until what, if we don't have something in 2 weeks thatn aren't we delisted.
Well kind of. Two days to go I guess but presumably we are heading into suspension. Months to go yet!
Just getting to close for comfort now.
C’mon willec no-one is being hoodwinked. I’m sure he’s doing his best to get a decent deal over the line and he seems to have a decent reputation. I said at the start of the year I was sceptical about the value of our loan notes and I think it was a mistake not to raise as much cash as was originally planned. But investors owning more than me clearly thought differently so we find ourselves with limited assets. We do still have a quote and a shareholder base that I’m sure would put money behind a decent idea, I certainly would. Hopefully there’s a firm out there that we’re about to buy, it could be great for both sides. There never let it be said I’m always the pessimist!
Investor1111, sadly I think I agree and we have been hoodwinked, but we still have just over 2 weeks to clinch a deal and Nigel said he if confindent of it being done, know do I believe him or not it is to be resolved very soon. I do not think he will want his money tied up for months on end in this stock when the sp plummets having brought at 1.2p.
Ive been in rto's before. This is what i think is going happen. If there was an rto before the deadline day then im sure it would have happened by now. People buying now are anticipating the rto. On deadline day if the rto rns is not dropped then there will be a mass sell because people will not want their money stuck for months this will have a knock on effect on the sp and will be a good oppurtunity to buy if you want your money tied up and believe in the company. Imo
for over six months.
Imo we will get suspended for rto. This is what always happens. Anybody know of any stock that did rto before deadline day?
my RTO all more than doubled...........longest suspension was 8 weeks ...... no issue waiting here for returns
Why can't they make investors make quick easy money and also it sounds like for the first time you expect to see an rto done if you feel suspension is round the corner.
Ive been in shares like these before. Not seen any that make rto before deadline day. They cant let investors make quick easy money over the next few days. Im expecting a suspension whilst the deal is sorted
All looks positive apart from Sat 18:56hrs.
Loads of chat about possible RTO and Polemos over in Nuog board.... worth looking
So do you think this will fall flat on its face? I don't!!
How is it irrelevant? The more value that gets put in, the more it matters. The current owners of the RTO candidate are going to sell their business to us for shares. That involves printing a load of shares. If they’re issued at 0.3p it’s going to be a very different story to if they’re issed at 1p. I’m far from convinced that if I was swapping my shares in my superstar business for Polemos shares, that taking them at 3x book value would be a better option than finding a different shell or doing a clean listing.
That would be all inmaterial if NB can pull off the RTO, putting how much value into the business.
I didn't say it wasn't Pommy. That's one of the two factors in my reasoning - the other being that it's trading way over asset value. If I owned a company looking to do an RTO why would I take shares in PLMO at 1p when it has assets of 0.3p. Rather than say PIRI which has assets equal to the current share price?
Time is short though