RE: A Dead Duck13 Jun 2025 12:27
Well, well, well, looks like we have a couple of "optimists" in the house.
Let's address this gem of reasoning, shall we?
First off, congratulations on your stellar analysis of the "market capitalization" and here I was thinking it was about the stock price! But no, of course, it's about achieving that magical £1m listing. Who needs a solid business model when you've got an almost-worthless paper listing to dance around, right?
And really, the idea that they're restructuring and clearing debt to "move forward with a potential RTO"? How touching. Such effort to create a foundation for something... that’s not going to happen. If this was truly about "moving forward," they'd have actually done something by now. It's been over 5 years now they have been trying this RTO.
They tried it under the name Curzon for a few years with ZERO outcome! Now the same thing under a different name!
But no, they’ve been spinning the same recycled “talks with interested parties” rhetoric for years, didn't we all see this one coming?
Now, let's get to the real meat of this. It seems some of you want to pretend this sinking ship is anything but what it is—a desperate attempt to raise more capital. Yes, it’s almost as if the company is running out of cash. No one could have predicted that, could they? I mean, it's not like the management’s last comment said “The Directors note that the Group will need additional funding to continue operations for the foreseeable future, and that this means there is a material uncertainty as to the Group's ability to continue as a going concern.” Hello?! Can anyone hear me? The writing is right there on the wall. But no, let’s pretend this is a business revival, and not a last-ditch effort to dilute the stock to death.
And for those still in denial, here's the cherry on top: "The Directors are confident, however, that the Group will be able to raise, as required, sufficient cash to enable it to continue its operations.” Oh really? Confidence? Well, maybe they can just borrow some more “confidence” from all the shareholders they’re about to milk. How comforting.
Folks, if you don’t see the writing on the wall by now, you should really take a step back and look at the actual facts, not just what they keep feeding us. If you still think this is heading anywhere but a tragic end, I’ve got a bridge to sell you.
Happy AGM! Let’s see if they have anything new to talk about, but I’m guessing it’ll just be the same old talk about raising funds... and that, my friends, is how you dilute a company to death.
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