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I believe the debt facility agreement was between infrastrata and Riverfort Global Opportunities PCC (The Gibralter base fund)
I don't know whether RGO "Riverfort Global Opportunities PLC" is involved in this or not.
The devil is in the detail.
Yes
Check the infra rns Feb 20
I bought shares yesterday - not a massive amount - but it’s still not showing. I wonder how many buys aren’t registering? Anyone else?
Are we still in infrastrata? One business highlight just over a year ago.
We are out of kodal gold and lithium but still in Tanzania sp a gold aspect still
Happens a lot on AIM. The real sell price is 1.88 but for some reason they won't change it officially.
Lot of lovely biggish buys this afternoon yet no movement upwards? I’ve topped up again on this dip.
Hard to tell Skittish, its a tangled web
Riverfort Capital is basically Brian, sole director
Riverfort Global Capital is Brian and others
and as you say Finova Holdings is Brian and 1 other
So could be anyone of the Riverforts !!
Another possible potential investee company this time in the media sector which may IPO shortly - Media Tech Spac Plc
https://find-and-update.company-information.service.gov.uk/company/13262988
Names Riverfort as one of its "partners", although presumably that is "big brother" Riverfort.
75% of the shares are held by Finova Holdings Limited
https://find-and-update.company-information.service.gov.uk/company/13262988/persons-with-significant-control
Finova Holdings just happens to have Brian James Kinane as a director and major shareholder.
https://find-and-update.company-information.service.gov.uk/company/12757852/officers
and Media Tech Spac plc is already being promoted by Zac Mir and sharetalk even before it has got off the ground
https://www.mtsplc.com/blog
so all the usual suspects involved, and maybe RGO on the ground floor?
Started a position here yesterday with a small 200k purchase. Will be adding more when funds available
Tend to come anytime, their not completely drawn by 7 am updates and lots come throughout the day, I was hopeful this week or next.
I bought some more at 1.94 yesterday. Happy I did, always can feel like you should sell but just think even if this is a gamble right thing to investment. The world Pluto etc are investing in is either total flop or next generational change
Really like this article on decentralised finance and where it’s going with Pluto and Argo
https://twitter.com/argoblockchain/status/1374752933041033216?s=21
Totally agree, I think this is Pluto related monies coming in and I can only see that continuing, plus new ISA allowance end of next week.
Should be 20m Mcap imo at the moment, so plenty of upside.
2020 results should be good carrying of from the September report and Q1 looking excellent imo
Why do you think it should be higher, which of the two do you think had the most potential?
i still maintain that it is crazy the market cap is below piri.
Saint Tropez - from my research I think have around 1.71% maybe more now
:)i was tempted by another stock.however this is the re rate we have waited for.
You actually thought of selling !!
Hope the word gets out more about RGO. The pires/pluto thing should hopefully bring attention, but atm not all brokers even have RGO available for dealing!
The first two buys this morning were Buys and not Sells as they are my purchases.
PIRI had 24Million warrant in Pluto, not 49Million.
I must have been thinking of a different company
Interesting thoughts 28jaczar01, I can see what what you mean. Raises the question of whether RGO Pluto stake, stated as 4.2% around the same time, has also been diluted by the Argo funding. Sense of being a bit coy here on something surely quite easily solved with a calculator.
Also interesting to note the way Pluto has varied the terms of the warrants issued with its last funding round at 6p. Seems to have strongly benefited PIRI and I had previously thought that RGO may have got warrants too even though it didn't say so.
Not so sure anymore now that I note PIRI announced it has been issued 24m exercisable @ 6p and I see that ARB's 121m warrants are exercisable @ 12p.
Unusual I think but I would now have to conclude that RGO got no warrants (unless and until they make a clear statement on this); and that PIRI's warrants are worth the equivalent of 48m of ARB's, which of course benefits RGO indirectly but clearly not the same as having been given a load themselves.
Possibly, although RGO usually has a cash balance at the end of each quarter of around £3M. It is impossible to say what it is at present but if it is around this sum at present that gives quite a bit of headroom without the need to raise funds.
That said I wouldn't be surprised to see a fundraising sometime in the next year or two.
Just read it.
Dont know if it’s just me but I get the feeling that PIRI has been a bit pumpy with some of their recent RNS especially when related to Pluto, it’s been like a running commentary in recent weeks.
Interestingly in this latest RNS they continue to advise their % stake in Pluto prior to the recent Argo further funding, rather than to define the new diluted % value.
So I just wonder whether PIRI are eyeing a placing to gather sufficient funds ready for taking part in the anticipated Pluto IPO, and would like to do it with their SP pumped up as much as possible.
If it happens, would RGO look to participate to keep their PIRI ownership level maintained and if so would they also be eyeing a placing to fund it ?
Food for thought....