Member Info for AIM_higher

Big drop on nothing today, although selling might indicate something? Having the patience to hold something like this is quite trying when you don't know if the wait could be 1 week or 10 months!

Nothing for the market to be convinced about yet as we have no idea what the directors are looking at. �1.4M in cash means that the share price could drop to 3.9p theoretically to be valued at cash. So it is trading at a premium currently. I am sure there are plenty of opportunities in this field, which gives us some potential. Also, I liked everything in RS's interview APART FROM his comment around doing a deal by the end of the calendar year. I sincerely hope he was just being extremely conservative when he said that as this will be dull as dishwater if we don't hear anything for ten months! That scenario is horrific. Until news, MM's are just toying with this as the volume is pitiful and they are trying to drum up business. that's why I said this will just be played by traders milking it until news. Gotta hope that JH and RS are actually committed to making this a success but it is a pure punt at the moment. I reckon i can endure 2 months of holding here. If nothing by then I might look elsewhere, unless it's way below my purchase price, in which case I'll be trapped until the RTO happens.

Trader's paradise until news, although I don't know who would risk it with such a big spread. News would be most welcome.

Why do ppl keep saying this is AIM? It isnt! And that's a good thing as AIM is a cesspit.

It is a shame that the blockchain hype hasn't really translated into anything tangible for the SP here yet. I wonder if there is a bit of bad blood towards cash shells at the moment because of the recent AIQ debacle. Annoying but I guess you can't expect SPs to run away with themselves on nothing because that only ends in disaster. If people were genuinely not selling I'd have expected the speculated reduction in free float to have cause a spike but it hasn't. It's all very predictable though. Can't be many people in profit at the moment though so who would be selling? Problem is that any 5-10% rise - without underpinning news - will just be traded to death so it won't equate to a sustained rise.

Well we only have �1.4M in cash so if they port a company into the shell then there isn't much cash to be used as a bargaining chip. They'd have to sell it on the basis of a ready made vehicle for a public listed company. The private entity would want new shares though, i.e. an expansion of the shares in circulation. If the private company isn't already generating cash they will also probably need to raise capital as part of the RTO. The key to all this is how many shares in circ we end up with and how valuable the new company is seen to be by the market. If the net result is 150M shares then we'll need some pretty big numbers to get a decent return. I'm hoping that the share count doesn't breach 100M and they can make something that's quickly worth �30-�50M. I'd exit if that was the case.

Momentum is building on blockchain and they need to capitalise. Looks like a gambling blockhain business would be the best bet given the experience of the BoD so strike well the iron's hot I say. Hope it doesn't drag out for months on end as it will be like watching paint dry.

Don't think it's fair to call someone a 'hater' for just making an observation. Fact is that this is a hold and wait and see type scenario. Literally nothing to talk about until news lands (i'm only checking in here periodically to see if the SP movement suggests a leak). It could be 6-9 months for tangible news but i'm hoping it will be much sooner (and positive in nature!). But no-one knows and the short-term price predictions are the sort of thing that swing traders do in order to manipulate price movements for 5% or so here and there.

Flawed logic Cannons as you haven't factored in dilution as part of deal. I would imagine that any RTO will probably at least triple shares in issue, otherwise the private company won't have any stake in the re-listed entity. So let's imagine that there will be 100M shares in circulation post-deal and an MCAP of �50M might be possible if it's all good. That would be 50p. I'd be happy with that to recoup my GGP losses. If it did go to �1.60 I'd be ecstatic but can't see it until much later on post-deal and if new company is successful. A short suspension followed by that price would be most welcome though! If it rose incrementally I'd sell long before that point as I've been burnt too many times on high risk shares.

It's fair to say this will drift towards cash value without news, unless there is a leak. I'll hold though. But i do want directors to move quickly as this space is fast evolving and momentum needs to b tapped into sooner rather than later. Main market listing, experienced rto and cash shell specialists, and good name has to b attractive to private comp in this field so let's get on with it. Not take ten months to follow through.

Yes but hopefully soon though not at the end of the calendar year as implied as a possibility in JS's interview!

Everyone wants a positive RNS but no reason to put the acronym in a post title when your only basis for thinking one is imminent is a 'feeling'.

So just rich PIs buying then? That's less exciting a proposition

Seems a little unfair! Maybe they are trying to encourage buying but with the massive spread no-one is going to bite. What this needs now is news. Worst thing that could happen is months of nothingness. In that case there is no doubt it will drop back to the listing price. Come on BoD....show us that this isn't just a sham shell company.

I use X-O to trade. The ticker wasn�t on their list to buy within ISAs so I called them and requested that they activate it�which they did pretty much immediately.

This isnt listed on AIM!

BLOC ticker wasn't registered on RNSalerts. I contacted them and it is now listed so notifications now enabled.

This is a complete punt if we�re honest. I�m in with 28,000 shares, which is the last vestige of my share portfolio, having lost �7,000 on the GGP disaster. I need to try to recoup my losses but not too optimistic on that front! It�s nothing more than gambling on my part now but I�m really hoping that this cash shell has been set up with a real purpose in mind for the near-term rather than it being just a few high net worth individuals jumping on a bandwagon in the vain hope that the SP will be pumped up on nothing. Already 20% down so not exactly loving it so far but will hold for news. I�m under no illusions that this a cash shell, with a small cash holding so the only hope for big gains is a reverse takeover where the dilution is not excessive. Best base scenario is that the management can back a decent sized established blockchain/crypto company into the shell�.one that already has immediate revenue producing ability. If this adds no more than 100-150m shares to the mix then possibly we�ll make decent returns in the medium term. The BLOC ticker in itself has to be quite appealing, as is the main market listing (avoiding the negative connotations of AIM participation). Also hoping there is something in the Gibraltar Blockchain Exchange connection. Definitely don�t seem to be any leaks at the moment though so SP will no doubt drift down until news and in the meantime there is nothing to really talk about. Hopefully, they move quickly with this and it benefits those taking the gamble.

If nothing else this is surely a good candidate for a reverse takeover by a private company specialising in the crypto/blockchain industries. The ticker couldnt b much better. And fast access to the main london market via a shell. In this scenario would the private company need to acquire enough shares to make an offer? What's the magic number as a %? Presumably an RTO would force the price up massively if private investors held out?

Thanks Xulu.