The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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.
This feels like a loose canon as we are in limbo (board uncertainty, IP updates etc.) and certainly feel things will get worse before they get better at the moment, plus how long is this going to drag on?
Can’t believe we are at 3p and would not be surprised if we fall in the 2p’s soon.
Hope l am wrong but each day the buys are scrappy and the sells are substantial.
Dropped us back down on nothing
About as likely as a lead balloon IMO.
Just put back in reverse,
Finally, It’s happening! Start your engines! This is about to lift off!
Sorry PM but that’s just not right. EUDA controls the subsidiary and will need to report on its consolidated position, ie in respect of the subsidiary. Anything done after the event involving the subsidiary will impact on EUDA itself.
Jim,
It tell you initial press release.
Under the letter of intent, TheoremRx would merge with a subsidiary of EUDA. The legal structure, ownership stake, and name and branding after the transaction will be determined through mutual agreement during the due diligence phase.
If Ken was 100% confident in VAL he would have invested through his family fund. It says a lot that he is not willing to risk his own money. Whilst TRX website says what they do, the truth is they have done none of this, they have an empty portfolio, maybe made a few quid through helping EUDA stay listed but I suspect in 2 years time it will still be talked about as pending. Ken Sorensen has his own agenda and it will benefit no one except him.
What makes you say that, PM? Surely the idea is for TRx to get access to capital markets (listing) by merging with EUDA? If so, I would expect this to feature prominently in the forward-looking statements in the annual report
It would merge with a spin off rather than EUDA itself so EUDA still does what it does.
The TRX website is still up had it failed It would have been natural to take it down. Hopefully we will find out soon.
When is Val next due to give an update on the business? Can’t say it’s looking good for the TRx-EUDA merger based on lack of information in the annual report, as well as the fact that EUDA’s recent acquisitions don’t seem remotely aligned with the direction I had assumed TRx would take the combined business going forward. 201 deal has surely got to be dead in the water now?!
The company in question Laura was CK Health
It's obviously a TheoremRx thing to have a deadline but then long it out for as long as possible with no updates
Maybe l’m wrong but I thought the deadline was a month after the RNS that was able to be extended for another month - l maybe wrong on this exactly but more or less right l think from memory.
I previously checked Nasdaq Newswire a number of times relating to other mergers. When such an RNS regarding a proposed merger came out I saw another RNS to state it had failed if it did within about 2 months. It has not happened in this instance. The initial RNS did not have a deadline that was just for the DD but they would have to RNS it.
SIlence could be they are waiting for it to complete then to push out other news at a similar time to build momentum.
Thanks uncanny
You've answered my question
Is this separate to the acquisition of the Malaysian company d you know please ?
It mentions they acquired a company in May 2024
Just read EUDA report cover to cover and l think the merger costs relates to the various acquisitions made such as CK. No mention of TRX and if the merger was complete we would have seen an RNS and any merger costs would be reflected in next years report, so sadly radio silence in respect of the merger with TRX where the timing incidentally expired 6 months ago!
EUDA released their annual report yesterday;
https://tinyurl.com/ytu86748
It did state "approximately $1.3 million payments of merger cost" but obviously they can't name the other party.
Perhaps the legalities have yet to be finalised.
Any reason for the sudden surge? Is there still a connection between EUDA and VAL? I recall it was a proposed merger between TRX and EUDA which meant TRX would be able to pay VAL a large sum of long-owed money. Here's hoping
We were always told that they would have to update the market if it failed. Strange if it happens after all this time.
Not sure given it is a subsidiary of EUDA if that would make any difference.
Looking at EUDA’s most recent filings, there seems to be no mention of TRx. Surely that deal is truly dead now
No movement at all for day trading freddie
my take is that we are being ****ed around by day traders.....its news thats going to mover this one....good or bad...it will quiet likely move us significantly....lets hope that its good....commencing with suzy and her bod out though the fire escape
Quite a few going through