Member Info for Bagzzz718

Let’s hope they don’t drop another RNS for a few months.

All irrelevant as they’ll be worth ******* all anyway in 12, 24, 36 or 48 months time, same as they are now. Tiz what it is….but still fuming with Jeffries who seems to have disappeared off the face of the earth, with his millions! I dare him to address parliament again, he’ll be torn to shreds.

I’m with II and mine have been transferred to my dealing account from my ISA. No point moving them as I don’t intend on selling. Bust or bust for me! Not optimistic, not because the business won’t be successful, but because we’ll be diluted to hell. Fundraising, bonus shares for the board, more bonus shares for the cleaners. It was badly managed when on a heavily regulated exchange, what chance is there of any solid / fair management with a good shareholders return at the centre, whilst as a private company? The first auction in March will be interesting but I feel we’ll be very very disappointed.

Can only hold and hope. I firmly believe that Veative will come good and be sold, but it won’t benefit anyone who can’t invest more! When a takeover happens shareholders are supposed to benefit, but we’ve been well and truly done!

They are massively optimistic in my view regarding headsets! There are some big companies bringing VR headsets out soon. Veative won’t be a main player in that department. Revs will come from the software. Again…just my view.

Forgot to say that Veative are predicting a value for the company of around £600m by March 2028! At 3-4 times revenue. Meaning by their valuation that Dev was actually Valued at about £28mil not £250 mil. Roughly valuing old Dev shares around 3p.

Veative turned over about £2mil from recollection I (might be slightly out on memory)in 2021 but we paid about £54mil from memory in shares for Veative to take us over, at 27x Revs. It seems they were happy with the x Revs ratio but only value Veative at 3-4 x Revs in 2028! It seems they did very well out of the deal! Joke from start to finish and people hear seem confident in the board. Don’t be fooled by the schmoozing! They will all be taking a handsome salary and taking free shares along the way.

£5 mil won’t last 5 mins! The next fundraising will be worse.

Tell me one person who was unhappy with Jeffries pre suspension!? Nobody. The same applies here. Watch and wait. How many times have you hear a BOD promise Champagne but deliver dirty water! Uv just heard the Champagne bit. Mark my words.

Zero confidence in the BOD.
Now see it as a long term growth prospect….it was that pre suspension.
The only ones getting a return, are those invested already, who can afford to invest more in the upcoming fundraising.

I know I’m disagreeing with the consensus, but I can only say what I see. Hope to be wrong, but I very much doubt it! Let’s see if they hit $21.6m by end of 2023…..that will be the marker. My guess is no they won’t!

It’s a hold from me, as there is very little other choice! We’ll be diluted to death but will have an option to invest more. I have nothing more to invest, so effectively screwed!
The projected figures were ridiculous….DevClever only achieved 25% of their target and I believe Veative will miss theirs too. $180 mil Revs in 5 years! Yeah right.
My take is that they have no intention of relisting “other liquidating methods” was the term used, I think. All three presenting told of previous businesses that have been SOLD! That is the goal here. I think it’s their plan in 4-6 years! Relisting won’t happen. I took everything with a pinch of salt. I hold in hope…..but that’s all it is.

Of course CA as will Von Rosen and all the other big investors, who will invest at ridiculously low prices and dilute PIs to hell. As I’ve repeatedly said, there are those that will do very well out of Dev, but it won’t be PIs who invested pretty much from the beginning. We can all hope…but as I’ve said before, it’s the hope that kills u!

Yep, me too! I caught a 10% rise in PREM but not quite 100%. Couldn’t leave my money in a share associated with Dev, when I don’t Trust anyone controlling the company. Simples. You can’t win them all.

I agree….and don’t see a return to the 40s ever. Von Dutch’s 50p warrants are now obsolete….but he’ll support the fundraiser just to average down, I’m sure!

….these trades! I think the long slow death will cause more pain than the cardia arrest!

Scardey, apology accepted.

I wonder how long we’ll keep halving for! I’ve said 1-2p for a while. Yikes!

Sorry Scaredyprat, you must have me confused with someone else! I’ve not sold a single share and have consistently stated I have just over 300,000 shares, first purchased at 2.1p and averaged up. I think my last purchase was 33p. So get ur facts right before you have a pop!

I think it’s fair to say that your blind hyper ramping of all that is wonderful in Dev land has been seen to be nothing but folly! Many, not just I, have comment on this, so wind ur neck in!

Individually. Take your pick….but mainly Chris Jeffries for leading us on a merry dance. The CFO for allowing us to drop to £100k in the bank. All the directors for supporting the decisions. The list goes on. Lies lies lies and but all is wonderful in Devland!

Get your facts right before you start spouting sh ite. I’ve been saying for a long time something was very wrong here, whereas you’ve just been telling the world how wonderful things are!

I’m not sure about the self “party” maybe we should hold a “wake” instead of a “party” as Dev will soon cease to exist! Would you do the music! You could do a set list “Hit the Road Jack!?”

Yep….it’s the FCA that have screwed PIs over! Where is the head slap emoji!?

Three years might still be the earliest!

3 years at earliest, if we’re very lucky! I’m hoping for a takeover within 18 months…that doesn’t turn into a reverse takeover!

Not a mention about investors or shareholders! Interesting! We’re in cowboy country now!

Because it is a bag of **** share….simples! ??

I agree, however those with deep pockets will get in low and average down. PIs will be diluted to death….having said that, right now I think I’d be happy to get my stake back….at 7.14p! One can but hope, which is all it is!