Member Info for Amtech

Who would Miton and Sister sell to anyway as you rightly said it’s a car crash

That’s not what I meant, although you are right but they also have bigger pockets and no doubt are privy to info that you and I are not (in Forums case anyway) the others don’t have board reps so they should only know the same as what we know. Anything else would be illegal, are you saying they are flouting they rules? What I did mean is that you might gain some knowledge ie that an issue of equity is not the same as a drawdown of cash from a CLN.

You might gain some knowledge from it.

In answer to you last sentence ‘I don’t’

I’ll also add for them to use the £30m loss theyd need to own the company outright, tell me what that leaves you?

So if Forum/PXP are taking this over why did the people they have put in charge then allow RF to have a £1.6m CLN facility plus warrants which could possibly more than double the sii when they are a £2b company. If they are here to use your £30m loss they wouldn’t of allowed that as RF could potentially own more of the company than them! They can’t all use the £30m each.

Nothing bizarre about sitting with a bottle of red and going through a few stocks on a Sunday night Tiburn. The only hope I see is no hope for lth’s hence why there’s only 3 or 4 of you left of the DS and Rambo fan club the others cleared off when this dog started barking. I care when people like you post on bb’s with your misleading info and theory’s dressed as facts to give yourself the hope you are looking for.

So your positives.

-if PXP are in the background and just wanted a shell they could of listed one with a lot less hassle than what they are doing now and probably cheaper. They’ve got 25% of Aaog for how much? £420k was it, the Mcap is only £1m.
-how can they leverage a £30m tax loss from Aaog
-shells have a value but not to the level you seem to think.
-if they did ‘drop in’ anything of scale that would work against legacy shareholders as the more valuable the asset the more dilution it will create.

But before I go what positives? The company is two weeks away from suspension. If billions of shares are dropped in it could also do well, what kind of positive is that. Lotto positive that’s what. This is how I think it could pan out Tiburn. Suspension then Cope and Beck could go as Forum are running this for now. They’ve already done a deal with RF and they could do so again on the current CLN’s, a third party connected to Forum could “drop in an asset” and resolution 7 could come into play, you all know the one, it’s where you don’t get offered anything first as shareholders because your rights have been dis-applied. The asset will come at a highly diluted cost to legacy shareholders including Forum on top of the dilution from a Forum/RF deal on the CLN’s. At this level for Aaog shareholders there’ll be very little left of what very little is already left and it’ll get rebranded. They’ll get a few more people involved by raising money while in suspension, yes they are allowed as shareholders voted to allow them to do so. Come out of suspension and then in time they’ll then raise more money to get the asset up and running over god knows how many years with much more dilution. Giving legacy shareholders like yourself very little chance of getting anything back of your now very little original investment, your only hope is to invest in the potential new company/asset/venture to recoup your loses from the old one. So what are the positives again?

One piece of your jigsaw to hammer in will come within two weeks, that’s a positive as it’s not long to wait. I’ll see you around then, laters.

‘You avoid answering any point made that refutes yours!’

Are you serious?

I’m not here to wind anybody up but you keep convincing yourself that these people are here for your benefit. They have no interest in you or your finances, no interest in legacy shareholders full stop. You seem to think they’ll drop an asset in here for free or very little dilution for current holders when basically they have nothing to do with the Aaog of old. A company that you posted on in exactly the same way that you do now, just hammer in those jigsaw pieces and they’ll fit. I’ll return on the next news.

Who said anything about delisting? What do you think the third party would want for dropping in an asset? So going back to one of my original posts a while back. They won’t drop it in for free so legacy investors can get out unscathed. Forum owning 25% of so little won’t matter to them if they like you say have a £2b backer. So to reiterate the point pi’s will be diluted to basically nothing either way you look at this. These people aren’t here to earn the likes of us money.

The annual accounts have not much relevance Tiburn I’d go off the interims 31/12/19 v’s 30/6/20.
I never said it was for buying an asset I said ‘ in theory’
Where is the equity raise of £87k ? The RNS’s to date stated RF have converted not that the company raised any equity.
The company already has the CLN set up and can draw on it under mutual consent. They don’t need to tell shareholders like I’ve already stated. This means they could of drawn £100k a month since June or nothing at all barring the £160k initial payment.
Couple of options then,
1, they spend all the funds left on an asset and raise more funds in the market on the back of it to pay for advancement/admin etc and RF convert the full CLN plus associated warrants etc.
2, they spend some of the funds left on an asset and keep the rest for advancement/admin etc and RF convert the full CLN

Either way RF will convert and dilute, it’s what they do.

Where did you get the £25k pm admin costs figure from?
If Aaog needed that initial £160k for wages and admin that’s basically all gone.

So in theory that only leaves £1.34m of the RF CLN to pay for an asset, wages, admin, pay down creditors etc. Which would leave around 8 months to get an asset into this shell and make a profit of more than £1.5m plus interest after all expenses to pay RF back. The only other option is to get an asset and RF convert it all into shares as it will be a tall order to create that revenue from that amount within the said time period.

How do you know that the conversions already taken place wasn’t part of the £160k and no more funds have been drawn down?

Irish, I don’t short stocks, simple as. If I did, do you think I’d be daft enough to short this stock at 0.25p after what’s already gone on here, if I did there’s 1000’s of stocks with better odds.

Aaog don’t have to pay back the loans if they are converted by RF into ordinary shares, RF sells them to receive their funds back, that’s what a CLN facility is. RF could then block sell them or drip them into the market. The issue of equity RNS is just that, an issue of equity. There’s no mention of any funds been drawn down just a conversion. Aaog are under no obligation to let shareholders know how much they are drawing down on the facility as they’ve already told them in the initial CLN RNS on the 11th June, they do however have to inform shareholders about an increase in the share in issue hence the issue of equity RNS’s.

‘The terms of the RF finance deal Jun 11th make the scenario of massive share value dilution also much less likely - because they are getting paid in a year, at the SP at that time, have a warrants option’

Not entirely true Tiburn, getting paid with what exactly Aaog have no funds but the funds provided by RF.

On 18 August 2020 the Company issued 7,089,684 ordinary shares at a price of £0.02821 each and on 2 September 2020 the Company issued 15,158,637 ordinary shares at a price of £0.002553 each in respect of the conversion by Riverfort Global Opportunities PCC Limited (“Riverfort”) of £20,000 and £38,700 respectively in principal of the convertible loan note entered into between the Company and Riverfort on 10 June 2020.

So they’ve converted £83,700 at an average of 0.255 for 32.8m shares as they are going along.

The question though, is how much is Aaog drawing down per month on this facility?

There’s no desperation about it Tiburn, the desperation comes from the likes of yourself who seems to think that you can only post on here if you hold stock. Anyway nothing will be gained from bickering.

Lets look at resolution 7, 75% of votes cast where needed for it to be passed due to it been a special resolution. So if Forum didn’t vote to dilute themselves that means every single other holder must of done so. Now I can’t see that happening, so my money is on Forum did vote for resolution 7. So the company has now dissaplied preemptive rights, now they can offer shares to a third party without offering them to existing shareholders first. If said third party is connected to Forum, then surely diluting the 25% (£420k) to drop in an asset wouldn’t really matter to them would it as the third party would no doubt take control with this company having very little value, no asset of their own and living on life support. Just saying.

Guess it’s down to resolution 7 then, a special one.

I’m sure the nice people at Forum will just drop a viable asset/big chunk of cash in here so legacy shareholders don’t lose out, that or they’ll just dilute them to nothing. Now what would you do if you where them?

£9b of nickel that made me laugh, they’ll need to drill quite a few more holes to state that in an RNS.

The scamdemic strikes again