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Get your maths right or your posts lose all credibility.

52,500,000 shares x 4.2p = £2.2m market cap, your out by nearly 50% but it won't be long before it is over £3m.

If a £50m company was to reverse into ITS and existing share capital made up just 10% of this new PLC, ITS shareholders would still be in for a 10p a share payday. This is the lower end of the speculation surround the new directors.

Todays valuation is based on what could be, not on what is.

This is the case for all stocks, they are priced for tomorrow based on many factors but for a shell company the overriding factor is the new business about to be reversed into it and the directors pedigree is normally the indicator driving the price.

Bobat, they don't need money for an acquisition.

This shell company is not acquiring another firm. The other firm acquires the shell company. Clue is in the name, its a reverse takeover.

This happens when a much larger company wants to list on the stock market and a dormant, listed PLC (shell) is available.

The bigger company reverses into the smaller company. Normally bringing its own cash. Most RTO's have a fund raise elements for the new company (not the old shell) but not always. Depends if the new company wants to raise funds as part of the RTO.

The shareholders of the old shell company take a stake in the new company. this can be anything from just 1% to 30% depending on the value of the shell. I presume ITS will take a small slice of the new business but even this small slice could be worth tens of millions and when ITS is currently valued at just £2m, this represents a massive upside which is why some traders/investors, buy and hold Shells, SPACS, blank cheque companies.

Google those terms and learn why people are buying and holding ITS

With only 8 weeks to go before the 6 month deadline is up for announcing RTO details, there will not be a placing. Hence why MMs are struggling with low stock supply as there is a low float and most shares are held tightly.

Normally there is a completely different round of fundraising associated with the new share capital, not the old shell company.

Dummy sells show they MMs will take 100,000 / 200,000 and 300,000 shares for 3.2945 when bid is 3.30

occasionally they withdraw to 200,000 and 300,000 but MMs will always take the 100,000 and report it immediately.

The big buys go NT and will be delayed reported. MMs don't want you to know when buyers trade.

Stock is slowly moving to investors rather than day traders.

Of course you can buy 5k for 3.44p

Thats just £172 worth of shares, try a more realistic quantity.

DAVEY50

It doesn't matter about the percentages when the company was valued at just £89,250

The market cap is now only £1,600,000 this is a pittance with the potential they are sitting on with the two new directors.

From experience of other RTOs when the RNS drops, a £5m-£10m market cap is just the tip of the iceberg.

.....is still Adam Frisby with 12,103,446 (23.05%)

and

Chelverton 2,712,500 (5.17%)

Paul Masters 1,977,504 (3.77%)

If they were to sell a significant holding there would be a TR-1 notifying the market.

Interesting to see they are holding on to their shares.

Https://www.thearmchairtrader.com/why-cash-shells-are-becoming-more-valuable/

The company is still just a shell but the mcap is a tiny £1.3m regardless of the 1000% increase.

The previous price reflected ITS was about to delist. Therefore a 1000% increase of nothing is still ridiculously low.

Think about it 52.5m shares x 2.5p = £1.3m

Check out ICON also worth about £1m on AIM and printing billions of shares every month to pay off debt with no revenue or prospects.

ITS market cap is undervalued as a shell with such accomplished new management and the potential RTO.

£1.3m is laughable valuation with an RTO announcement days away.

The clever money is sitting on huge gains wating for the next leg up generated by the next RNS.

Its nice to be 400% up even at the current dip waiting for the next fireworks.

The clock has been ticking on this shell since 27th March so ITS must enter into a transaction before their 6 months are up on 27th Sept. We won't have to wait long to find out what David & Jean Paul are up to.

"the Proposed Directors are assessing a number of potential opportunities."

The deal is ready to go. The timing of announcement by the new directors to take ITS and also to convince the outgoing directors to not take their £240k which they would have done!!! shows they have been working on a deal which must be in the bag otherwise they wouldn't have taken ITS over 2 days before it was due to be wound up with only 2 months to announce the deal.

Interesting. Leaves himself free of any conflict of interest. No wonder he is happy to take the directorship at ITS without renumeration.

Art, yep, you called it 5/6p

There's a lot more to come. I do my homework on directors when these opportunities arise. David and Jean-Paul are up to something and I'm still sure it has something to do with the UK National Lottery, possibly the complete ALLWYN group.

There's a reason they dropped out of the NASDAQ RTO 2 days after getting the green light on the UK National Lottery.

The listing on NASDAQ was perfect. Financing was in place, everyone was going to come out of it smelling of roses. There has been no believable reason given for pulling out. I think regulators didn't want the UK lottery being run by U.S. listed company and as part of the deal they agreed to list in London.

The current mcap of just £1.7m could be £20m - £200m (depending on the deal) with a hint from the directors ALLWYN is coming to the UK.

ART, saw that too. Not me.

I'm doing what I always do. Holding for an update on the potential RTO partners.

Wondering why the rise. Posted earlier but will be lost to necomers.

I have been involved in many shell companies, I used to make a point of buying and holding for a decent payday.

Depending on how the new share capital is structured, you can make a killing or at worst, come out of it with what you put in.

Its all about the financing, new share allocation and what slice of the new company existing shareholders will receive.

You can reverse almost any size business into an existing listing and existing shareholder will receive a slice of the new company.

One of the new ITS directors is David Craven, he is the CEO of a multi-billion lottery company called Allwyn who last September won the right to run the UK national lottery.

Allwyn was about to reverse into a NASDAQ SPAC (also called blank cheque company, same as UK listed Shell company) but pulled the deal 2 days after winning the UK National Lottery and as part of that deal purchased Camelot.

The speculation here is that Allwyn would prefer to be listed in London and ITS is the vehicle they will use for a quick listing.

https://www.linkedin.com/in/david-craven-21008b40/

Check out the timeline of these announcements:

https://www.spacinsider.com/news/nick-clayton/cohn-robbins-secures-260m-backstop-for-allwyn-deal

https://www.spacinsider.com/news/nick-clayton/cohn-robbins-crhc-termiantes-allwyn-deal

https://www.allwyn.co.uk/insights/allwyn-to-operate-uk-national-lottery-from-february-2024

https://www.tomharris.org.uk/bookmakers/allwyn-confirms-camelot-takeover-what-can-lottery-fans-expect/

If this goes ahead, ALLWYN would reverse into ITS and from experience, on a deal of this magnitude, existing ITS shareholders would become anywhere between 0.1% and 2% holders of the enlarged share capital.

Last valuation of ALLWYN when reversing into CRHC in Sept 2022 was £8.8bn, this could value ITS somewhere between £8m - £176m (£0.15 - £3.35)

I doubt they would give £176m of the company away but you never know who has been buying up shares in ITS.

You can call this a ramp but I’m just trying to pass on 20 years of experience of RTOs

I’ve also got HWC shares who have been in RTO for years and nothing seems to have moved forward and INFT. So it doesn’t always work out but looking at these directors, they’re on a mission.

A stock isn't priced on assets, a share price is an indication to a companies potential and the potential here is huge!!!

Huge pressure on the MMS to maintain an orderly market.

They only occasionally let you buy automatically, most buy orders have to be submitted as a NT and will only get filled if they manage to acquire some stock.

Selling in volume doesn't seem to be a problem at these levels.

We're definitely onto a runner here.

I have been involved in many shell companies, I used to make a point of buying and holding for a decent payday.

Depending on how the new share capital is structured, you can make a killing or at worst, come out of it with what you put in.

Its all about the financing, new share allocation and what slice of the new company existing shareholders will receive.

You can reverse almost any size business into an existing listing and existing shareholder will receive a slice of the new company.

One of the new ITS directors is David Craven, he is the CEO of a multi-billion lottery company called Allwyn who last September won the right to run the UK national lottery.

Allwyn was about to reverse into a NASDAQ SPAC (also called blank cheque company, same as UK listed Shell company) but pulled the deal 2 days after winning the UK National Lottery and as part of that deal purchased Camelot.

The speculation here is that Allwyn would prefer to be listed in London and ITS is the vehicle they will use for a quick listing.

https://www.linkedin.com/in/david-craven-21008b40/

Check out the timeline of these announcements:

https://www.spacinsider.com/news/nick-clayton/cohn-robbins-secures-260m-backstop-for-allwyn-deal

https://www.spacinsider.com/news/nick-clayton/cohn-robbins-crhc-termiantes-allwyn-deal

https://www.allwyn.co.uk/insights/allwyn-to-operate-uk-national-lottery-from-february-2024

https://www.tomharris.org.uk/bookmakers/allwyn-confirms-camelot-takeover-what-can-lottery-fans-expect/

If this goes ahead, ALLWYN would reverse into ITS and from experience, on a deal of this magnitude, existing ITS shareholders would become anywhere between 0.1% and 2% holders of the enlarged share capital.

Last valuation of ALLWYN when reversing into CRHC in Sept 2022 was £8.8bn, this could value ITS somewhere between £8m - £176m (£0.15 - £3.35)

I doubt they would give £176m of the company away but you never know who has been buying up shares in ITS.

You can call this a ramp but I’m just trying to pass on 20 years of experience of RTOs

I’ve also got HWC shares who have been in RTO for years and nothing seems to have moved forward and INFT. So it doesn’t always work out but looking at these directors, they’re on a mission.

Took my holding to 2.8%

Had more powder but held off at 1.2 earlier to avoid TR-1

There are many who have done the same.

Worthington, that’s a blast from the past.

Made and lost a fortune on them. My claim to fame is the very last published trade before suspension is mine :-( about £28k

As I said earlier, 1000% increase on a near zero mcap can still result in a company being work virtually nothing.

At closing price today, market cap is still under £1.5m

New BoD could announce on Thursday reversing a company into ITS worth £100m or £1bn or crazily, Allwyn, valued at £8.8bn in Sept when about to reverse into a NASDQ SPAC.

Even if ITS shareholders were to receive 0.5% of new share capital the equivalent share price would be 80p