The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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
Cash shell mcap has nothing to do with cash in bank at these levels.
Look at ICON, saddled with debt, printing billions of shares and huge cash burn, no business or revenue yet still has an MCAP of £1.2m
Using your calculation it should be a negative shareprice.
The valuation of a shell is purely speculation on the potential deal the directors are likely to bring to the table. The higher the director profile, the better the possible deal therefore the bigger the mcap of the shell in anticipation of a future payday.
I would try and trade any spikes and buy back on dips but testing dummy buys shows it will be near impossible to buy back in for less than sold.
3.25p paid when offer at 2.80!!!!
There will be a glut of delayed reporting today. Bid/offer rising sharply with no reported trade.
The 400% rise is putting off the untrained.
A week ago the company was priced to delist and offer shareholders nothing. The mcap was under £100k and now it’s still only £500k. 400% of virtually zero value is still virtually nothing.
Shell companies with high likelihood of RTO are only worth what the management are likely to reverse in.
There are plenty of shells with poor prospects sitting with £5m-10m mcaps which is 10-20 times higher than where ITS sits today.
Even ICON the share printing machine with 46bn shares in issue and riddled in debt and no prospects has an mcap over £1m
Just goes to show the potential you’re sitting on as an ITS shareholder.
Took mine to 2.8% yesterday. That’s 1.5m shares locked away.
20/09/22: Allwyn formally announced as new uk lottery operator.
2 days later pull out of US listing via SPAC
Jan 2023 - UK regulators approve Allwyn as new lottery operator.
July 2023 - Allwyn management give lifeline to UK shell, (equivalent to a US SPAC) reporting there are already potential deals in the pipeline.
2+2 may be making 5 here but if the speculation is correct, shareholders of this tiny £0.5m mcap company could be in for a bumper payday!!!!
Now that’s an interesting prospect. Perhaps they prefer a London listing?
If there’s a hint of reversing an £8.8bn business into ITS, the ITS valuation before new share capital created would still be worth tens if not hundred+ million.
Not to shabby from current £0.5m valuation.
No wonder current directors (who are shareholders) were happy to waiver their fees and renumeration.
It did. I bagged a few into close when it was obvious day traders were not trading this one.
This will be very tightly held and MMs will struggle to supply stock as the week progresses.
If this holds onto a 250% gain on the day and shows buying pressure again tomorrow, I'll be going to 2.5%
at 1p this will only cost £13k to take a descent holding. Mcap only £520k at 1p
Plenty of shells with directors with no pedegree sitting at £3-5m mcaps. Massive upside but need to see todays buyers holding for more than a day trade.