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If you think I'm deramping, don't you think it would have made more sense for me to do it earlier yesterday rather than wait for the markets to close.
You've obviously painted pictures in your head about how this will pan out and refuse to accept any other possibility, like last night when you refused to accept the possibility of another extension.
After the extension notice came you re-painted the picture to only further confirm what your beliefs. You can't have it both ways. Looking through your posts you've been claiming the disposal is a "dead cert next week" on and off since September.
I personally think the disposal is highly likely in the next 2 or so months. It could come next week, or it could come next year, none of us know because the board haven't given any clue as to how close it is to being sorted.
As far as the RTO goes, we're all completely in the dark. I still don't know why you're so convinced a RTO will be with FURA.
Where are you getting all these exotic numbers from. .30p .50p, 1p etc?
It's been trading nearer .05p than it has anywhere else for half the year. I just don't understand the logic the more I read into it.
You can always compare stocks to other 500k Mcap companies that boomed on cash shell status etc, but it's completely random. Not all companies in that position boom, just the ones that have dozens of people on Twhitter and these BB's ramping them.
In reality a company is at most worth what it's worth in cash and nothing else while it's a shell. All other increases in Mcap are born of speculation and ramping.
There is no evidence as far as I can see that RLD will RTO with FURA, it's all pure guesswork and wishful thinking.
I wish everyone here the best of luck, but I don't think it's wise or responsible to throw around wild numbers when all the evidence so far shows this company has only gone one way for as far back as you can chart it, and that's down.
I was stung on this stock earlier in my investing life and to see all the same sort of rhetoric been thrown around on this BB makes me realise how little has changed.
There are desperate people out there who foolishly take the advice of people on these boards to heart and I can't see how it can be considered remotely responsible to be talking about "Dead certs, 1p, 3.5p" and the rest of it.
Expectations must be measured. To now see people talking about how another delay should be seen as a positive, when people were obviously being ramped into this on Friday with incorrect and patently misleading claims about FURA not trading when in fact it was and claims that the disposal yesterday was a certainty makes me cringe. Anyone who was ramped into this late yesterday will likely be nursing a 10%-33% loss on the open tomorrow IMO. It may spike around as the morning progresses, but I can guarantee the SP will be a long way from the 200%-400% that people were claiming it would be trading at on Monday.
I don't post much on LSE anymore, because it's dominated by people who can't have a reasonable measured discussion.
For example, I took a look in here yesterday and being mostly in the dark asked a few friendly reasonable questions that were immediately shot down as "subtle deramps". Had my attempt at a reasonable conversation been treated reasonably I wouldn't have felt the urge to dig further into the reality of this stock and point out the total disconnect between reality and the expectations of most people on this board.
"Its only going one way now."
So you think it will go blue on Monday then?
Bang on the nose mate if you know you know, thank you for your time
No problem enjoy your weekend
"if they are not a cash shell why would they be announcing they have identified something to reverse into? "
I don't believe there is a protocol against saying something along the lines of "We expect the disposal to take place by 30th November and we will then move towards a RTO with an identified target"
What would be wrong with them saying something like that?
IMO, if the disposal doesn't happen by 30th November it won't happen until next year. Will it happen? most likely it will. When? Well, going by their previous track record, much later than people expect IMO.
Unlike the disposal, which I think will happen at some point this year/early next year, once they've managed to overcome the usual unprofessional buggring about with broken deadlines you'd expect from useless AIM directors, I'm not convinced a RTO is going to be announced or even alluded to. There is nothing to say a RTO is going to be with FURA as far as I can tell, just some speculation born of one or two vague coincidences in certain dates.
If the disposal goes ahead and the market receives the usual stock "We will now endeavor to find a suitable RTO partner" with no hint that a RTO is close, thn the market will not react all that well, especially if the SP has been ramped up at that point.
All that being said, it could play out exactly as people are predicting, but this is incredibly speculative at the moment.
Having had time to check the figures I can see the company will only be a "cash shell" with a few quid in it's pocket after the disposal. In my mind I thought the disposal was worth a few million until I read back through the RNS's.
All that considered a Market cap of around £500k-£750k seems about right IMO until a RTO occurs. That seems to be the going rate for companies in a similar position across AIM. Everything else is speculation.
I also note going back through the posts yesterday that people were suggesting that FURA wasn't trading and as such it suggested there would be an announcement which I believe caused a spike as the rumour did the rounds. Evidently it was trading all day as far as I can tell.
In summary, this is an interesting stock to watch, but definitely one to be careful with too. There may be opportunities to get in here long or short term in the future but after Friday's tricks it may be just as well to sit back and watch until nearer 30th November.
if they are not a cash shell why would they be announcing they have identified something to reverse into? there is a protocol to follow, everyone knows that interesting 2 weeks coming up here if you know you know and i for one have 100% faith in Suhails due diligence here as I know how extensive his research has been on other stocks I have followed him into
Morning by the suhail
No need to get excited. Haven't come here to deramp. I'm very open about my position and interest in the company, but I'm also not as confident in joining the dots as you are.
Reading back through your posts you've called this wrong for a while now. Yesterday (After hours, I hasten to add, so no practical reason for me to deramp) I suspected there would be another extension given that it was the eleventh hour and I tried as subtly as possible to suggest as much and you wasn't having any of it. There's no need to get uppity with me. You're the on joining the dots to suit yourself.
I see no reason they couldn't say they have identified a RTO target if they are literally days/weeks away from becoming a cash shell. It would be better than leaving the market to wonder whether or not there could be another 6 months of hanging around doing nothing while they try to identify something.
Thanks for that.
I spent a few hours last night reaquainting myself with the details of this stock. I'm definitely intrested in taking a position here, but I'll probably leave it until closer to 30th November.
I have a feeling it will dip a fair bit on Monday morning on this news (Although I could be totally wrong), and if it does I may get in then, but if not I'll hold out a while longer.
One other thing I don't quite understand is why the board haven't at least announced they have identified a RTO target (Even if they don't mention FURA) and intend to speed it along once the disposal is complete, if indeed they are indeed going to do something with FURA that is.
One thing I couldn't find last night was the RNS that mentioned "Significant upside potential". If you could point it out to me I'd appreciate it.
I have seen terms like "Significant upside potential" used many times in the past by boards when referring to a RTO or other difficult situations so I was looking for the context.
At the moment I'd say I'm interested, but it's still all a little too vague for me to dive in too deeply at a premium.
Suhail ok I got it thankyou very much and speak over the weekend I have a feeling this bb is going to get busy
One theory could be that we will be temporarily suspended until end of the month so that the RTO can complete.
Either way, I’m not moaning as the cat is now out of the bag IMO.
GLA
So do you expect an RNS monday mate stating we are becoming a cash shell then
If the plan was for the disposal to coincide with Ruby and RTO, why didn't they set the date later? What's the point in setting the date at 30th October before the ruby deal and moving back a fortnight twice or more?
Yes we all know how Aim works it's all about speculation 2 Weeks of uplift
Hi mate I see that as a positive 2 weeks for the shate prices to rise
issued 5pm local
https://web.tmxmoney.com/article.php?newsid=4741087603429348&qm_symbol=FURA
RNS OUT longstop now 30th Nov
Or could be as simple as when they extended they pre arranged a meeting
at a designated location for this afternoon to sign it all off and we are
just over thinking all the permutations lol
and agree for both parties now better for a full days trading on Monday.
You could be right. Best of luck anyway my friend.
Nope, not a holder, I was once though. I'm just interested in catching up on what's going on.
I'm fairly curious about their reasoning for neither announcing news one way nor the other today.
If it wasn't sorted it would have made sense to announce it later today to take the sting out of it. Llikewise, if it was already sorted now you'd imagine they'd be obliged to inform the market. Just a bit stumped by it that's all.
Not really sure why they would leave the announcement until last minute though? Can't decide whether it's a good sign or not tbh.
On the website FURA rns's are mostly 5pm-6pm local time if not released before market open
currently almost 3:15pm in Toronto so still time
Interesting. Maybe that's it. It would be nice if the announced both the disposal and RTO at the same time.
........Isn't it strange the disposal hasn't been announced yet?