Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Reading this mornings rns, it really sounds very positive!
If you can significantly increase business orders and revenue without significantly increasing over heads,you are definitely going in the right direction.
In addition if you get half your money up front and half on installation, then you have cashflow
So for me the money raise would significantly increase business and this is the time to try and get new business with companies bringing back their employees and an increase in demand for telecoms.
All looking great IMO
Just need a 200% increase to break even. Happy days. Been a long 18 months watching this fall.
RNS out and all resolutions passed! All looking very Rosie folks!
Hi and just looked on vox and the volume is 10x. Or Al volume, so imagine what it will be by end of the day! Wow!
I think they put that message out today after the disaster that was the rns yesterday causing a big drop. Bit of panic setting in prior to meeting.
No longer the case, very bullish statement and AGM to come in 30min
"Furthermore, we are experiencing a material increase in Toople's high bandwidth leased line orders. These orders have significantly higher values and greater margins than our core broadband orders. This is significant as it gives us better visibility on our revenue given that 50% of the initial revenue consideration is received upfront and 50% paid on customer installation completion. Often customers require civil engineering work to complete installation and in some instances this can give a lead time of three to six months for completion."
"Importantly we are growing the business without any substantial increase in the cost of customer acquisition and our fixed operating costs remain stable. Our sales support function in Durban South Africa, is now back to working in the office following the easing of Covid restrictions, and that is translating into higher productivity and sales figures. We are also achieving increased customer contact rates compared to those achieved in the past 18 months.
"Overall, the Board considers the outlook for Toople to be very positive and believes that increased revenue and gross profit figures will be achieved by the Company as the UK economy learns to live with Covid-19 and returns to normal. We are well positioned to capitalise on new opportunities that are presenting themselves in light of the more positive business environment."
Bottom had been hit last couple of days...and only way is up now...AGM later this morning at 10.00am could move SP further...in either direction may I add...GL All OF
Moving in the right direction this morning
Agreed, this is gonna go lower. The AGM authorises basically a 1 for 1 share dilution. Thats 10 Billion shares in issue.
By the end of the year they need to find £1.5 million to re pay debt.
They are losing 100k a month, so to get to the end of the year is another 900k.
So thats a £2.4 Million raise, just to keep going, without any acquisition based finance if thats the excuse or reasoning they used to raise. Say they spend £1 Million. thats now £3.4 million of additional shares. You 1 share, is now 0.25...
Personally I wouldn't take a punt here!! Then again I have been wrong... investing here in the 1st place being one of them.
Is it time to sell up with what little money I have left before some other s*it hits the fan or hold it out as there isn't much left to worry about??
Answers please on a postcard......
Many thanks
Sky
Worth a punt?
*cerebrally challenged. Autocorrect hell. :-)
I hate to see the gullible taken in…but I recall a couple of years ago I warned and warned about this. This company exists only to fund the expensive salaries (and lifestyle of the (part-time!) CEO and his bruv-in-law, Breith.
You were warned …but you all did your “research” of course.
Only a matter of time - tho even I’m surprised at how long they’ve been able to drag this out and pulling in more of the centrally challenged.
Good luck
Miss g
;-(
Non dilutive if the lenders all slip into a coma and don't actually convert before next January. The odds of that are roughly zero. Massive dilution otherwise - including warrants the conversion price is 36% of the lowest price in the period before converting isn't it? I think I'd have lent them a few quid on that basis - hard to refuse. Combine it with a bit of strategic shorting before converting and they're laughing all the way to the bank.
Howis that non-dilutive funding ?
A current business and trading update will be released to coincide the Company's Annual General Meeting (AGM) to be held on 31(st) March 2022.
What's happening with this share, too much loss for me with this. Any hope if I hold it for 6 month's.. I want my money back.. That's it.
Any advise
Many thanks
Total pile of utter sh*te is what this is.
To receive, consider and adopt the reports of the Directors and Auditors and the Financial
Statements for the year ended 30 September 2021.
2. To re-appoint Price Bailey LLP as independent auditors of the Company to hold office from
the conclusion of this meeting until the conclusion of the next Annual General Meeting.
3. To authorise the Directors of the Company to agree the remuneration of the auditors.
4. To re-elect Richard Horsman as a Director of the Company
5. To re-elect Andrew Hollingworth as a Director of the Company.
6. To re-elect Kevin Lawrence as a Director of the Company.
7. To re-elect Paul White as a Director of the Company.
8. That the Directors be generally and unconditionally authorised pursuant to Section 551 of the
Companies Act 2006 (the Act) to allot shares in the Company or grant rights to subscribe for
or to convert any security into shares in the Company (Rights) up to an aggregate nominal
amount of £429,270 (£207,006 of which represents the balance of the authority that was
granted at the Company’s General Meeting on 17th February 2020 and renewed at the
Company’s 2021 AGM following the acquisition of DMSL, and £74,456 of which relates to
warrants that have yet to be issued in respect of placings that were completed in October
2020 and December 2021) provided that this authority shall, unless previously revoked or
varied by the Company in general meeting, expire at the conclusion of the next annual general
meeting of the Company following the date of the passing of this resolution or (if earlier) 15
months from the date of passing this resolution, but so that the directors may before such
expiry make an offer or agreement which would or might require relevant securities to be
allotted after such expiry and the directors may allot relevant securities in pursuance of that
offer or agreement as if the authority hereby conferred had not expired. This authority is in
substitution for all previous authorities conferred on the Directors in accordance with section
551 of the 2006 Act.
9.1. the allotment (otherwise than pursuant to paragraph 7.1 above) of equity securities up
to an aggregate nominal amount of £429,270.
What can possibly take Toople forward form here? all the time it is sell sell sell!
Bad
Hmmm, Who told you that? Charlie?
Oberon never invest in co's unless they see a future in them or FOR them. Just watch this space ;-
Oberon are guided by Novum, the same broker thats here... theyre just being used to mugs think theres big TR1s being done.... if you look at what Novum have earnt on every dilution, compared to what Oberon have invested, they are still up, significantly. Probably the only one mind...
With Oberon Investments having just very recently supported co in placing and now have 15%stake, toop looks like it will either survive or hived off and company be used as a shell by Oberon Investments. Toop at £1.7M is lowest price company on main market LSE with very significant accumulated tax losses. Oberon Investments are backed by Chris Akers . Watch out for likes of him as a main market listed co's are always in demand for new beginnings. DYOR etc