focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Application has been made for 142,862,073 new Ordinary Shares, issued via the Open Offer, to be admitted to trading on AIM ("Admission"). It is expected that Admission and commencement of dealings in these new Ordinary Shares will occur at 8.00 a.m. on 18 June 2018...
Time to panic when the big investors stop investing. I am hoping that in the coming months eventually there should be news of contracts which will help secure Rm2’s future. The sp is dire at the moment so any good news could give us a welcome spike. Fingers and toes crossed..
Chrs Shatter - so not time to panic given the £4M wasn't fully subscribed ?
Possibly the euphoria is due to the fact that the open offer price is almost identical to the share price . £ 1.4 million is probably fairly good considering buying the open offer was of little benefit..
Any opinions on the amount subscribed ( £ 1.4M ) ? Certainly nowhere near the £ 4M expected so why is the RNS comment so positive?
Open offer to be reported on tomorrow.
Can you imagine if the Govt did bring into effect environmental concerns in regards to Pallet wastage in the retail industry! It would definitely turn this company around, SP would go mental on announcement alone. Look how waste management affected the retail carrier bag industry 2 years or so ago... could easily be on the environmental agenda for the Govt. Novel idea though!
Today�s the day when funds need to be in place for the open offer. Not looking overly attractive with the large spread and the low sp... 4 million is a relatively small amount in the grand scheme of things . If they cannot fill this then it�s time to panic.
https://walbrockresearch.com/rm-2-international-is-a-survivor/
So a heck of a way to go but 11 -12p I can live with if there is light at the end of the tunnel... we agree that Woodford must see some value in the future . This time next year :-)
Chrs ... agree, the more one reads, the worse it looks - it's astoundingly bad. Am viewing the OO as a way to essentially average way down on the basis of (a) Woodford majority holding and ability to control board, (b) the circular states that the company must have closed PO to get 2nd half of funding and meet other KPIs, and (c) they have enough potential positives in sales to bump the share price up a bit. With 99% losses in the equity no matter when one got in, there may be a chance to exit with something rather than losing everything --- still not convinced the OO offers an advantage to buying in the open market as and when, but compared to today's buy price of �.015 at least there's some margin. Would be great to know what the potential take up is on the OO but liek you say - in for a penny and all that - GLA.
The more you read and the more you examine the figures the worse it looks, but I am an optimist ( fool) and hope that with a years funding they will surely be able to announce a contract or two ? The Chinese saga has and will cost a fortune ! How can one company make so many mistakes ? We are not alone.....Only have to look at the Australian company that bought Homebase a couple of years ago. They basically closed every section that was making money and failed to order the correct stock at the right time of the year which has left them with a one billion deficit...I wonder who the board members are?
In the May 21 RNS a $400k 'loan' to Mazula has now been turned into a bonus for arranging the funding - not exactly holding back on exec compensation even now, are they ... Retention bonus On 30 July 2017, the Company agreed to extend a loan to Kevin Mazula, which would automatically convert to a bonus in the amount of USD 400,000 once the Company issue at least GBP 10m of new equity. The 13 April 2018 completion of the Placing fulfilled the condition of converting the loan to a bonus.
Yes, while wanting to subscribe to the OO (Open Offer) it's hard to see a compelling reason to do so --- the OO price of .01p values the company at over �40MM (essentially the cash raised + the OO, if subscribed). --- So each day that goes by that cash disappears -- There's no indication other than references from RM2 that the cash is directly linked to PO'd sales -- and if it were (a) they could have borrowed money, not diluted ownership so much and (b) if the PO is closed, then why are their NO revenue or volume projections and NO customer details? --- Sure, confidentiality is at play, but still ---- and --- The circular says RM2 holds NO patents, btw, so again - not sure what the incentive is to participate in the OO other than to average WAY down -- and it's basically possible to do that now on the open market with a price of � 1.50 with the difference only being relevant purchasing Million(s) of share. All very difficult to figure and looking for good reasons to do the OO, but struggling ....
The share price is looking fairly grim. As you say without an incentive no point in buying. Feel sorry for Woodford.. �67 million invested here... the bod are going to need to supply some information or forecasts re contracts if this ship is to stay afloat. My feeling is that there is little on the immediate horizon ! Although Woodford did invest again...? Live in hope.
Thinking the same but the way it looks now, the Open Offer price may be about the same as the market trading price, so not sure anyone's going to take it up -
In for a penny and all that....some big sales today?
Coming soon - anyone going to subscribe?
Here�s my latest commentary on RM 2 international: http://bit.ly/2GGIYQZ
The Directors will not be proposing a resolution for shareholders to approve the payment of a dividend with respect to 2017 (2016: nil).
Many thanks for being at the end of a phone for a chat when need and using all your years of experience and contacts to achieve F**k All apart from losing shareholders a shed load of money, closing a factory in canada, wasting all the money moving to china and mexico (hope it was a nice holiday for those who actually went for a visit.) Thanks for helping win all those valuable contracts which means we can awards the few employees we have left at our multiple office sites who sit around twiddling thumbs whilst the geeks play with a raspberry pie. Enjoy your 15,900,000 share bonus F**king Mates rates. Remember the big boys will always screw over the little folks.
I am longer a holder here , having sold out a long time ago at a small loss alhough i also bought at the ipo and had high hopes for the co. I do however have a position in Woodfords WPCT which has performed very poorly. What i do not understand is what is he planning to do now , run the co himself ( or install he own management ) ?
You would have thought with that much cash in bank, so to speak, the placing is truly a make or break for the company. RM2 needs to generate real income, and stop relying on the long suffering shareholders (me included). The recent rns of a fortune 500 Co. being interesting gives me hope that I will someday recoup my losses, or it could be I'm like woodford and made a bad decision.
Woodford IM stake in RM2 jumps to 68% exceeding takeover requirement threshold Woodford has doubled his stake in smart pallet developer RM2 International to 67.8% of the company, calling into question his next move, as at over 30%, City rules state he must launch a takeover bid. Previously took a company private after exceeding takeover threshold - Investment Week hhttps://www.investmentweek.co.uk/investment-week/news/3030325/woodford-investment-management-stake-rm2
Just read their 29 March rns.... enough to put off any sane investor :-)