Member Info for 21ATS

"The market" is a mirror of the behaviour of the people who populate it. It is the symptom, not the cause.

Perception is a funny thing isn’t it?

I liked his attitude and the methodical approach they’re taking to getting this right. But then I’m a retired business owner who took a few attempts to get it right myself. I eventually did, but there were plenty of mistakes along the way. I guess I recognise in NT someone who’s walked that same path.

Another month or two or three even, is nothing in the grand scheme of things.

Hamak is something new altogether, and with the benefit of being able to watch the rise and fall of all the other treasury companies that have sprung up on the UK stock market, being able to sit back, take stock and not make the same mistakes is actually a pretty good position to start from.

The big issue these days is instant expectations. No one has the patience for jam tomorrow, everyone seems to want it now. That breeds an awful lot of bed wetters on forums like this, twitter and social media in general.

Ultimately we invest in people. The people that are heading and making the decisions that matter.

You need to read between the lines of what was said today. Turning down the wrong opportunity is often far more important when it comes to finding the right ones.

Switch off for a few weeks, lets see what the end of October brings and maybe there will be some surprise RNS’s in the meantime.

Questions for the presentation,

I don’t know about all of you, but I don’t have anything to ask, because until we hear the roadmap/plan or an RNS is published, there isn’t anything solid to ask questions about.

A bit of a chicken and egg situation at the moment.

So other than, “When is it actually going to start happening” whatever “it” is I couldn’t come up with anything worth asking. And that's not really worth asking, as it is assumed anyhow.

Any question I would want an answer to would need an RNS.

*Where

Qatar = Oil money.

We're (many it appears) are assuming the link to Qatar is where not insignificant funds originate from.

Pension funds don’t speculate; they invest in solid fundamentals and track records.

Hamak is not even close to receiving that type of investment at its current level. This is still in its infancy, we’re all here early doors hoping it grows into a leviathan. But if you genuinely think pension funds and investments vehicles of that nature are going to be seriously looking at Hamak right now you’re deluding yourself and simply setting yourself up for disappointment.

Sure, they may have half an eye on what it unfolding as a new “asset class” – but that’ll be about it.

Nick wants to build this company to a £50-£100m balance sheet. That doesn’t take weeks or months, that takes years. Sure, with oil money it might be accelerated. But if you’ve got some idea of retiring by Christmas you probably need a reality check.

When Hamak has a balance sheet of £50-£100m at that point Pension funds start taking interest.

I’m looking forward to next weeks presentation, but unless there’s a material RNS between now and then, little will change over and above what we currently know.

Nearly a week to get operational. Nice to see it open for business.

Why let little things like facts get in the way of a good Tweet though.......

Did Art Laffer's Tweet a couple of days ago give us a timeframe for the investor presentation?

After all, you'd want your MVP present for such a thing......

Congratulations to the team at

@GoldHamak

making their debut on the OTC market. I’m proud to be involved, and I’m looking forward to seeing you in London next month.

Investor presentation “early September”. Is why the price is sliding slightly at the moment.

The market doesn’t like undelivered promises. It’s now mid September and there’s not a date yet for the presentation. Most likely to do with administration, LSE, prospectuses etc. IMO of course

The mcap of Hama is in the £18-£20m region as we stand now, and that’s realistically all based on potential. Let’s not forget that everything here so far is potential. Very interesting and promising potential, but potential nonetheless, even the gold mining.

Any spike to double figures now, would be exactly that, a spike. What would be far more healthy is a steady stream of revenue, investment or income news that transforms potential into hard fact. Until then, it’s all possibilities.

I’m as keen as the next guy to see this blossom. I’m in for 1.5m shares. But I’m also a realist.

I think it’s done incredibly well to hold the SP where it has on little more than appointments and administration (the OTC for example). Very interesting appointments, true. But it’s time for the shareholder presentation now or in the near future. Until that happens, I see us treading water.

Sid, I'd like to know that Peter will be wearing a Bowler hat. It would be appropriate.

I really should use ChatGPT more. I just don't think of doing things like that (old!)

Thanks Kortisin, that was just the answer I was looking for.

It's effectively a "virtual" market.

Well yes, clearly I understand the float is shared. That's not my question, it is as you say common sense.

My question is, how do the shares physically get to the OTC from the LSE? I'm certainly not selling any, so who does and how do they arrive in America?

Are there mm's that trade on both markets? I guess that would be the obvious solution.

Anyone know how this works? This is the first share I've been involved with that's opened a new OTC listing.

If no more new shares are being created, existing shares must therefore need to be transferred to the OTC market.

How does that physically happen? Do OTC mm's "buy" these shares from an LSE mm?

I'm curious of the actual process.

I also guess there's going to be a period of transition whilst this occurs and a formal date/time on which trading is available? I imagine when they have a certain amount of shares?

Always open to learning about something I've not come across before.

It doesn't look like the OTC is fully functioning yet. Whilst it's live today, it seems the list of MM's is still populating and the SP isn't correct.

Let's see what it looks like tomorrow. It's approved now, so it can only be the amount of time required to get everything in place to operate.

I was getting itchy feet waiting on the shareholder presentation. "Early Sept" and it's the 11th today.

It now makes complete sense, why would you do a shareholder presentation without the facilities for everyone to be able to invest.

OTC first......then the roadmap.

Logic would suggest the warrants would only appear when they are free to be traded?

Logistically, it would be a nightmare for a trading platform dealing with shares you can sell and shares you can't.

It appears to be adrift in the ocean with no one steering at all. Right now it's a steaming turd that just keeps on giving.

Right now I'd be delighted to just get my money back. There is zero confidence in this company whatsoever.

I think you're throwing good money after bad. I've written this steaming turd off and stuck them in the bottom drawer. No point selling at a huge loss.

Judging by BTCTC across the board all making their way towards an MNAV of 1, I think the days of multiples were a flash in the pan and plenty of people have lost their shirts assuming there was going to be another SWC moment.

What we'll likely see here is monumental dilution (if it does manage to get going that is) despite the enormous amounts of word salad being spewed by the board.

I'd also be interested to know what the directors renumerations currently are for doing nothing more than treading water.

I have no doubt most who are choosing to invest here are fully aware of what you're pointing out below. Most of which is fact.

I like many others, would have done our own research.

The only point on which I disagree with you is warrant values going forward. They are not very likely to be at 0.8p. Note the last appointment of advisory board member, Nicoa Horlick. Her warrants were issued at what was the prevailing SP at the time, 5p. With a lock in of 12 months from date of issue.

So that set a precedent for further warrant issues going forward.

I'm looking forward to the presentation in early September for a more detailed reveal on what they expect to happen going forward.

Right now, this is a punt. But it sure is a very interesting one and it's quite comforting that many of the usual suspects known for repeated pump and dumps (Lenigas, Stockbridge, Bixby et al) don't have their fat little fingers in this one.