Member Info for Armada

Is the company still going to produce full year accounts for the period ending 30/6/2018? I am of the opinion that Atlas never gave the company full amount of 2.2m for the second bonds issue in June. If they had then What has happened to that 2.2m?

Many companies on AIM, just have one broker who is also their Nomad. There is no reason why SVS can be appointed as a Nomad and Broker before 9/12/2018.

one of the former director connected to ERIC was CFO Pham Dang Hung and the third party could be Rising Dragon. I think the company should reverse the MYPAY deal and try to recover £1.5m from them.

I rarely see any AIM company director buying shares in their company even when the share price is going down. They are supposed to know all the material facts about their company, whereas we PI keep buying in these situations. I suppose, we are very good at trying to catch a falling knife.

Does the company has 3 brokers now? Angle, Danial Stewart and SVS.

There are many private investors holding anything between 1m to 10m shares at an average price of 2p to 4p. The sudden drop in share price has caused a huge paper loss for many of us. The big question is to bail out now at a huge loss or to stay in and hope for the recovery.

All the best with your treatment Mcsquares. I always value your honest opinion about this stock.

At present Lombard is also under water quite a lot. Henderson's holding was transferred to Lombard some time ago. I know out of their holding of 19.35m shares they purchased 4.2m shares at 57p for £2.4m in the Oct'16 placing. Now they have spent £ 2.5m for the purchase of 35m shares. At present their 55m shares are only worth £4.07m. They must have seen some positive in the business and they are in it for long term. By holding 25% of the company they can have big influence on the future direction of the business. JB better be watching very carefully and don't just build false hopes.

I have just been looking back into the history of FUM. In March'2014 the company raised £12m by issuing 21m shares at 57p and at that time JB was delighted as well. Again in Oct'2016 the company raised £12m by issuing 21m shares at 57p. So many institutional investors who bought in those placings have also been coned by JB's delightedness.

After open offer subscription of 14.2m shares the company will have about 215m shares. The company is valued at £ 15m at todays price of 7p. On 30/9/18 the company had £5.25m plus grossed amount raised from offer will be (5.6m +1m= £6.6m) or say net amount of £ 6m. Therefore, the company will have about £11.25m cash to burn on the phase 3 trials. If anyone is thinking that LO are getting a good deal from the placing why not buy shares today at around 7p in the open market.

IMO, when the results are announced next Tuesday, the company will have more cash than it's market value of £16.7m

That £5k seller is Acek. He has been selling since 11th Sept. and I think he has sold about 3m shares by now. He was saying he has invested in a gold mining company. I also think that he must have sold at a loss, although he is still invested in mysquar.

Thanks allaspc. Unfortunately this person doesn't have a bank account. I was just giving an example of how expensive it can be to transfer money without a bank account and in Myanmar very few people have a bank account.

Some official and unofficial methods of sending money internationally can be so expensive. Here is an eye opener for you. Two days ago I tried to send 500 Euros to Spain through Money gram. At the exchange rate of 1.11 Euro to the Pound Sterling, it should have been £ 450 plus the fee. I was offered 1.07 exchange rate and charged £20 fee, so ended up paying £ 487 .

My understanding is that Remittence and payments are two separate categories. Even if the company doesn't get payment licence by end of September they can fully launch their Remittence business and expands it to other countries under their agreement with OK Dollar and Uber.

Thanks Exmex for another good explanatory post.

I agree with you Sllotar. Mostly these are day traders, bought in yesterday or last week and bailing out today. Now they will try another AIM stock and do the same thing. No wonder 90% of day traders lose money.

My understanding is, as soon as they convert it will depress the share price and then there wouldn't be much gain for them in it unless they convert at 1.2p and hold the shares for a while.

From tomorrow conversion price will increase to 1.2p. It's good for the company if the conversions are delayed and happen at a higher price because the company will be issuing less shares. I am sure something is happening behind the scene.

I used to have 3m shares and in the last few weeks a have added 2m more as the price went down to 1.08p. Now I am holding 5m with an average of well under 2p. As I understand from your previous messages, Russell70- you were also holding 5m and looks like you are still adding. Good luck to all long term holders.