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Is now a good time to mention that people dont always tell the truth on twitter or discussion forms !
That’s one possibility.
Another less bullish one is that the RDGC board has now realised they’re unlikely to progress a RTO with any of those they’ve had highly preliminary discussions with unless the SP was crashed and the MCAP brought down to around 3-4 million. Hence that sh ithouse RNS. It’s a nightmare in the immediate short term but I’m still hopeful an RTO of decent potential value can be sealed. End of the day this was always a punt based on reputation and selected history of those involved. It still is. Only thing (other than the effing SP) that has changed is the ‘narrative’ surrounding the journey to the milestones ahead. I’ve no choice but to hold and hope and trust those at the helm to deliver value to shareholders who’ve shown belief and had faith.
Boom I think you're spot on.
Trap it down here at this miserable SP, suspend pending negotiations and re-list.
Major holders aren't panicking.
Yep, been here before unfortunately and the last time I made the mistake of selling out too early, it cost me £30k and then the sp rebounded shortly after. Not making the same mistake here.
Never quite come across an RNS like that looking back.
Clearly they felt it was too high at 1.5p but when it spent it's time going from 1.8 to 3.5p there was no comment.
Can only hope at this SP it opens the door to get a company they really want to move forward.
In the meantime painful viewing.
Telegram group offering little currently
I’m covering my eyes now. Are we heading back down to .6 placing price? That RNS from our trusted Company board members, seems to have had “an impact” !!
£2 SP party delayed but still on, Greg?
Hope so
Have to agree with you. The RNS was unfortunate and has kicked the wind out of this for now, but sentiment behind leadership and investors is still there so hopefully we'll see this ticking upwards again soon. For now, I'm just holding rather than panicking.
I'm not in the telegram group but is there any activity in there anyone could share?
I'm still invested here, mainly because of the BoD's previous triumphs. At 1p this looks an even better prospect. IMO
Yep big investors can get it wrong but they'll lose a lot lot more than 50k.
Any potential deal is a lot more attractive at this SP and just look where AAA started from.
I'd be careful there. Big investors can miss the mark too. I imagine they can probably write off any loss against tax too. 50k here or there is nothing to some people.
Also, there's plenty of time for TR1's to sell before June. It's a safe bet the SP will rise higher in that time. Time for the rampers to come back in and lie about selling at 3p and buying in at 1p. What I mean, is that there is easy money to be made before the RTO too, so be careful whose money you follow.
We have to be pragmatic here, a large number of SPACs miss the mark, about 2/3 if I remember right. My shares hang on the ability of the BOD to make us the other 1/3.
IMHO, DYOR, GLA...
Brutal, sensible post.
You can only go on the fact of the major shareholders not dumping (adding in one case)
Now these people didn't get rich by being reckless and they can put their money anywhere.
The Bod have quality history so you can only imagine the recent RNS was to dip the SP , sellers take the pain but long term there's a future worth hanging around for.
This SP could look a very good buy given time.
ATB to all.
More an indictment of the chancers who were hoping to be millionaires overnight hoping to undo the loss they feel for not investing in Bitcoin when they first heard about it from their mate Dave. They still may be millionaires if the RTO pays off, but l imagine they all panicked out already. I hear there's a burger van in Siberia which will be mining for Bitcoin soon, sure they'll make it big.
If you're in the Telegram group, you'll get a good sense of the people who were quick to buy and quicker to sell based on Twitter recommendations. They spend all day talking the share up and down based on nothing more than confirmation bias and wishful thinking. They sometimes talk about potholes, their crap cars and harass the T1 investors too, very constructive. I think they even have a sub-Telegrams for the "serious" players in the room now.
Anyhow, this is still a shot in the dark at the moment, nothing more than an investment in the board and their historical successes. Patience and the ability to not be bothered by potentially losing all of your investment is all you need to be in this. I have both and will hang about to see what this becomes in the summer. Could be a butterfly, could be a moth. IMHO, DYOR, GLA...
Will need to happen sooner rather than later as suspension will be looming in the not so distant future.
The SP bounce back has begun, the make up of this board will not fail to come through IMO. Hold tight