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Yes. It's totally bad luck to ramp your share price through national media platforms whilst working on a fundraise, to then release horrific news a month later which you clearly knew about at the time of raising the money.
Ramping away articles on the BBC and videos all whilst releasing RNS' saying they need cash - ramp it to 60p and raise at 40p. Then release that news straight away. They clearly knew of the problems well in advance, there's no way this has all happened since the raise.
So the directors raised money into a false market they knew had tonnes of problems. Get these BOD out and investigated
As always. EQT placing. Gotta have more money all the time. GIS as a placing agent good luck with that, below 0.2p she goes
NT to buy more than 1000 shares .. time to get out of the way PEEL Hunt :)
Yep, I was meant to have a meeting with them the other week but declined. If I had been to that and bought off the back of it i would be fuming
Be careful everyone. Maqsood and his crew pumped and dumped this hard from 0.35p last time claiming funding was all sorted, sold their shares into the spike and ran
No
KIBO the other day, EGM to issue more shares .. KAT reorganization to issue more shares .. LC and confetti .. lovely .. :)
Why would he care? As long as mr piggy gets to eat from the trough and keep the gravy train going he gets to feed his appetite
LOL more chance of Australia invading Russia than EUA ever getting a sale. Back to 1p in due course when people realise no money will go to Russia like with AMC.
'Dear Investors, please can we have more abilities to issue more shares than the 100,000,000,000,000,000 already in issue. We need to pay more companies in confetti and do more placings to keep the gravy train going
Kind Regards,
LC xx'
13 years a listed company to achieve nothing, and then sell the business on the cheap, pay the creditors and keep the rest of they money in house. Nothing for share holders who traded it or raised money along the way. The gravy train is over for the BOD with one final big pay out. Wonder when they will pop up next.
Announce a 'contract win' at the end of June 22, pump and dump a placing into the rally, announce to the market 8 months later that no orders were actually ever given. Rinse and repeat for this lot, hopefully administration soon and the CEO can stop riding the gravy train.
Convertible loan with the Germans. Just a Riverfort style deal dressed up in some Bratwurst.
Exercisable at 0.6p or 90% of the VWAP if the 10 day VWAP is below that level. So 90% discount then as this isn't going above 0.6p. Great deal for Orca, they get to drip feed $1m into the market and convert it all 10% cheaper.
I reckon they've given it up to be honest. Lots of AIM companies entice investors with the promise of a future divi but most don't. They can then claim market conditions or costs of production to not get a slap on the wrist. Only CASP and UJO from recent memory have actually gone through with claims at the time people thought were a long shot. So there's a chance. But 10p on a 20p MCAP ..
Money, you do realise how placings work right?
The fundraise is going to come at a discount, no one in their right mind would invest in GFIN @ market price in a fundraise. If it was announced Monday with the current spread it would probably be like 0.15p or something. Canaccord are one of the best corporates you can have for a stock on this market, you're lucky it's not a spivvy shop or it would probably be like 0.08. Better to wait for the raise and buy at 08:01
LOL Spider it's only 10:30am .. stay off the sauce pal.
GFIN are now valued @ 2.8m and they need to raise over half of that. Market sense would suggest a raise at 0.1p , anything higher than that is lucky as hell for GFIN if they can get away with it. £250k volume the last two days so any churn would take an absolute age, I can't imagine many flippers in any potential placing at least any way.
So everyone should have seen the chance to sell at 70p and clearly buy them back 20/30p cheaper then. Got it
A BBC article to ramp the shares ahead of a placing. CLASSIC scotgold :) Classic BOD .. :)
Luckily some guessed it
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aimofthegame6
Posted in: SGZ
Posts: 1,420
Price: 62.50
No Opinion
Feel sorry for everyone who is going to be spiked by the BBC30 Jan 2023 14:42
£350k in the bank, £12.6mn of debt. Needing funding to support delivery of mine plan.
Nice ramp though, probably can get a 50p raise away immediately due to today and then move on rather than 20p as it looked last week
Down they go