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Can see no way this will come out of suspension. Barclays will take whatever they can and write rest of load off. Just note down the names of the directors and make sure you never invest in a company they have anything to do with again. Could not run a raffle.
This should just be suspended now
......aka someone with a profile whos previous posts have been ripped to shreads. I ask you reasonably and with the upmost respect for the ones who are not delusional, have you gained on this at any way shape? the only ones who did was when this was pumped and just as quickly dumped on Monday. If anyone is thinking of investing in this, I ask to see how long tpop has been on AIM. How consistent this has been with making profit. How many times this has been diluted. How much has this company grown. How much cash flow is left. Last but not least how many board changes have there been due to incompetence of the board.
Mercury Ascending on what planet is subscribers the same as custom? How has any of your optimism made this out to be a viable business for Barclays or any other investor. Barclays haven't said anything yet. They are waiting on what is the boards decision. They cant recover anything at this time and moment. the company has been searching for finance for a while after they have burnt this company finances almost to a crust. Your delusional comments are getting worse. As you're a new at these boards with 14 comments I will ask how little knowledge of business is. This is not economically viable to stay open. The board are struggling to understand what to do, on a mobile network with no better plans than the major networks. The talk of bridging loan. Do you know what a bridging loan is? Do you know that that finance is to do something where finance is needed immediately at a much higher interest rate. Even the financiers can not justify lending tpop money, at a astronomically high interest rate, when they can not gather funds to pay the original debt off.
Hows that for a General meeting reassuring for investors.
I'm sticking Too....
Well I'm in for the ride. Bring it on ........
Yes, administration! Disappointed having been burnt here granted, but I see no light at the end of the tunnell for this co.
Difficult to understand the trend as there were trades yesterday @ more than twice the price quoted today!! Anybody knows what to expect from this stock?
Clearly not what Barclays Bank thinks since they approved to extend loan repayments to begin 31 January 2020 yes that s correct 2020... Read the RNS Before you start trolling aggressively, you and your mates agendas have come out in force rather aggressively and it s pretty obvious why... drag this down and get in cheap.... If you were not interested you clearly would not been here. Seen it all before.... I happily note the buying pressure today was a clear signal of reverse of trend and where this is going in my humble opinion... Afterall i am not surprised at all with the silly market cap. Well below the us sale proceeds... buyers will be coming back following todays RNS and I will stick to my plan :-)
Youre hilarious. You said why mess about. What have top done over the years? Messed about? What can Barclays do to a company with near enough no liquid and has a million debt. Ask for their pound of flesh? Brink of going under, they have no plan no USP to offer customers. They've got............ Nothing. Airtime? They'll just either give back to the supplier or they'll pass it on at pennies to the pound. Nobody in their right mind will give this excretion a hand out when this has been diluted to this level. Hand on heart I would rather take the abuse from anyone if a miracle like Vodafone ends up buying this company and makes this into talk mobile, than to have people lose their hard earned cash. BTW talk mobile had a much higher volume of contract customers before Vodafone bought them. This is a PAYG network. Sign ups who don't spend money and end up getting a worthless sim, with nothing to offer.
Giving investors chance to get their money out? They weren’t thinking of shareholders when they diluted us to oblivion, and they certainly don’t care about attempting to add another 10bn+ to circulation either. The board don’t try hard Spulah, they never have. They’re absolute chancers who’ve blown millions of cash and returned absolute zero value to shareholders. Wouldn’t be surprised to see another bloodbath tomorrow
How much do you think it costs to liquidate a business that has burned 500k per month for last six months?
Spulahi, did you actually say if Barclays wanted their money back they would have had it. How can they when there isnt any cash. If the board decide tool is written off, where is Barclays going to recover a million from? TPOP don't know what to do and Barclays can't do nothing but wait just like the rest of the investors. The sp reflects this.
Action plan? What action plan? The let’s rinse millions of shareholder cash and have nothing to show for it action plan? Plain and simple...Barclays will take what they can from the sale of US subscribers and won’t get anywhere near what’s been quoted. Which will leave the company absolutely BUST!
Well I hope bridge finance comes in some form by Sunday evening. Else it’s suspended on Monday. Institutions seem to be dumping and likely we will see TR1s.
They didn’t transfer any liabilities or risk with the US business sale. it takes time to migrate customers. I would say 6-8 weeks and in that time they are incurring operating costs.. so that’s still 300k gbp a month for the whole business. So let’s assume they get 700k usd in the bank. It will be wiped out by at least 700k usd in operating costs.
In my opinion the result of the General Meeting are reassuring for investors. I am also focusing my investment today based on the below " Levels of subscriber acquisition in the UK showed considerable improvement in May, with new sign-ups at their highest level this year and over 50 per cent. higher than the previous high watermark in March. Average Revenues per Customer (ARPU) has increased markedly and churn remains consistently low." The decision to close the US business and reduce costs to the business whilst focusing on the UK business is the right way forward. I look forward to the outcome from the ongoing discussions with Barclays Bank who have always been supportive of the business and considering the current trading update I see no reason to continue with their support. The cash from the US business and cost cutting should move things in the right direction. Upwards from current levels imho.
Am I reading this right this was once valued at a hundred million burns 300k a month stated no profit in till 2020 and Barclays want there one million back and director has left this is never coming out suspension
Possibly ? It will be interesting to see the amount of buys v sells since the RNS
They misunderstand the severity of the situation...lol.
.....Theres many losers on here trying to suck people in, not to make profit but to recover thier losses as much as they can.. There is no business here. Just a shell of airtime. No structure. No confidence.
People are buying after the RNS. What does that tell you ?
I'm with you. This isn't going anywhere other than funding that is possibly already in place.
Yea loss making company Barclays want there money back and no one will lend them a penny game over
Seen this before , board resign , nomad resign, then delist