Member Info for ajs8220

Simms retro-fitting more verbiage. Plus ca change.

For someone who couldn't care less and wasn't posting any more, you've sure got a lot to say for yourself.

Are you 'Arry in disguise?

"He won't be back."

Still here, still watching, and I maintain there is a lot of water still to go under the RTO bridge.

"The price may be allowed to drift up and down on the tide, but overall the trajectory will be down."

Just wait till your related party seller shows up and offloads big round parcels of shares into this apparent strength.

The revenue figure in the AGM day RNS was pathetic, this is still burning cash like there is no tomorrow, and I maintain that it will end in tears.

But if you feel different, fill your boots. That's what makes a market.

One might say "imminent", deedee.

Mr Market does not seem to agree.

This is so comical. Retro fit ramper Simms sounding ever more desperate.

"RNS must be Friday..."

"Or Monday"

"This week?"

"Pretty please?....."

"Harry, I'm begging you..."

How about NE-VER, Simms? How's never for you?

You might think so, but in practical terms the opposite is true.

They don't say no, they just find ever different ways not to say yes.

Finally, if pressed, they may come up with an excuse you can fundamentally do nothing about - 'we already have too much exposure to the country / currency / commodity' - but more often the potential borrower is left to make their own decision to walk.

And this has had 'slow no' written all over it since the Spring.

9 recs for more retro fit cobblers from Simms. An almost perfect contra-indicator for news ahoy.

"Credit is a process where risk is identified, understood, managed and mitigated to a point where it is worth lending into."

Or not, as the case may be.

In any normal bank, the borrower can't appeal to the committee or finesse their case. The borrower is always kept one stage removed from the decision. There will be an internal promoter, advocate, call them what you will, who will put the case together, but the credit committee's decision is sovereign.

Given the changing nature of the risks - new ones come to the fore weekly - the bank will want a lot more return than on a normal 'back the business' cashflow lend, and a lot more security (more than is inherently available?) in case something does detonate.

I've said it before and I'll say it again, somebody sees more risk than they're up for. And while they're not saying no - yet - they're not saying yes either.

This gives Harry many problems, chief among them that he is powerless to influence the faceless committee.

Hence the ever expanding timeline stretching off into the sunset.

Yet those big round sells keep coming. As I said a month ago, it will be allowed to drift up and down on the tide but the general direction will be down.

And you've got about as much chance of that RTO being approved as you have of finding fairies at the bottom of your garden.

"$95m sweat equity..." hahahaaaa it's the way you tell 'em Simms.

What have you got to show for it? No mine, and not even a road to a mine.

Does the term "sunk cost" mean anything to you?

Just comical.

Of all the cobblers you've ever spouted Rob, I think this is your finest work.

"Do you think the US Uk will ever be able to pay off it debts?"

Whataboutery level ninja from Rob there.

This news moves the credit committee response from "no thanks" to "get out and don't come back". Anyone thinking otherwise is in denial.

Game over.

When's the next placing, 'Arry?

NickE another one bobbing around up the gullible end of Caterham.

"The banks" don't write to anyone. "A bank" might, but "the banks" don't.

As ever with sly old Harry, you really have to read carefully to spot the little white ones.

"I don’t see how HAA can put all those specifics in print, in a wide circulation journal, unless it was all systems go."

You're either new here or right up the gullible end of the KEFI investor swamp.

Interesting comment Bogdan. Where are those terms disclosed?

Because, old wasp, new potential marks walk past the tent with each RNS Reach marketing communication.

As I said on 15 November, "If I can lead one person to do their own homework around that 7 November RNS and thereby not get involved in this little related party bunco, I'll be happy.

Public markets need to be purged of the likes of Cleverly and his associates. That is the only justification I need to be posting here.

If you want a positive, ra-ra echo chamber without the bear case I suggest you stick to the telegram group, but I'll be providing some unmoderated balance here at least."

Divide £1m by the number of shares put up as security, add the 10% margin to base compounded monthly for a year =~0.65p

An RNS Reach, i.e. by definition not financially material. A marketing communication.

If it meant anything material it would have to be a full RNS.

Just another desperate attempt to prop up the sinking share price so the seller can clear a bit more overhang above 0.65.

Don't fall for it.

No WWP, that is not what the last RNS said. That is what mugs like you were supposed to think it said.

Read it again. Based on what the RNS *actually* said, can you work out what the price action today means?

CLUE : the words "planned" and "intended".

As ever with the old sly dog Harry, it's all in the wording. Let the bulletin board morons fill in the gaps.