Xlmedia Share Price (XLM)

I looked at almost all the gambling clubs in the catalog and even started playing. From the full list of casinos, my attention was drawn to the establishment - https://jennycasino.com/casino/playojo-casino/ . Its entertainment catalog has many interesting games. A large number of slot machines have a high percentage of RTP, which pleases me.

It's so hard to predict what the final payout will be. My low confidence estimate is about 10p, maybe a little less.

Interesting to note your breakdown of figures especially as I have managed, through procrastination, distraction and failure by my agents ro act on my instructions to take up tender offer, to hold onto my shareholding. It seems that there may still be some hope of recovering some value. I wonder what happens now and what the possible time scale could be and if there is still hope now that the company is delisted? I would greatly appreciate an informed opinion on this.

I got to a slightly lower number than you.

Pessimistic as quite often with these things, the outcome is worse than you can imagine. Also, Ory Weihs sold every single share he had remaining after the tender for just 6p.

"Further to the completion of the Tender Offer, the Company also announces that Ory Weihs today sold his remaining 494,527 shares in the market at a price of 6p per share."

I got a quote for a slug of shares at 6.4p just before the market closed.

Was going to buy a very small position but got scared and chickened out.

As of May 10th 2025.

There are 41,040,915 shares outstanding and the board expects the base case payout to be about 10p per share. Quote from April 29th RNS: "The Directors have looked at the potential scenarios and taken advice to retain a certain amount of cash from the proceeds of the Disposals to meet its liabilities including an element of contingency. While there is potential for both upside and down side to these calculations, in its base case scenario reflecting the remaining shares in issue following the Tender Offer, the Board remains of the opinion that it does not expect there to be more than approximately 10p per Ordinary Share of returnable cash value remaining in the Company. However, shareholders should note that there can be no certainty that there will be any further distributions as part of the liquidation process."

Total cash = 35M (cash balance) + 11.2M + 1M = $47.2M = 37.7M GBP

Payments made = 14M GBP (1st tender) + 11M GBP (2nd tender) + 4.46M GBP (5.945M USD other liabilities payment after 31st december) + 3.5M GBP (1.55M USD trade payable + 3.1M tax liability) = 32.96M GBP

What is left for equity holders = 37.7 - 32.96 = 4.74M GBP / 41.05M shares = 11.5p

If we consider legal and administrative costs of 740k since Dec 31st 2024 (that does seem a bit egregious), we are left with 4M GBP / 41.05M shares = 9.7p

This does match with what they say.