I looked at my history on this share. I sold some at over 11 pence once. Years ago of course. I would be happy to see a tenth of that again. Not impossible if this AI deal comes off
I said this was a buy at 12. I am not a seller here. A month to go. If you want to sell I would suggest you probably need to double do via the telephone and speak to a dealer. I will buy more at below 15. If we get there. Don’t be surprised if this lists in the USA given some time. It would list at many times this price if so. I can wait.
Well I sold out today at 10 and a half. Very good run. I reckon we will see a big placing at much lower price. But just my view. I would buy back lower if I am right. A big if ,,,,,
We won’t see any of this even if Web is bolted on to some other USA based company. I read that California sports could be worth obscene amounts if legislation passes. Makes you think though. So near….
Something going on ….usually is when shorts start to close and a chart looks like this. It could be that a deal has been done to sell a couple of brands for good money. Mind you the market seems full of offers at this time. Sterling is cheap / low compared to the dollar and USA markets are soaring. Uk markets are bonkers cheap compared to the rest of the World.
This is my guess. The major holders will buy up as many as they can before delisting. They can then force though compulsory purchase of all remaining shares if they get 90 per cent. Possibly at between 0.20 to 0.50. Then only have to get agreement that this is a "fair and reasonable price" from an accountant etc. No vote or refusal.
The amounts of money are so low here that it is pointless for them to let the remaining holders hold. They have invested millions here. In a couple of years they can sell the licences for a few million etc. Had this before.....three months after I got a pittance from a forced sale the company got a three million dollar order.
So I am a buyer at 0.12 or below. It is a punt of course but I am confident of this type of outcome.
A big red flat was Lenigas going. He tends not to be interested in unquoted normally. One of the Horse Hill stocks delisted. Still sits on my list with nil value. If it does come back and I am wrong…not the first time…then I reckon the price will crash unless the rns issued is stunning. A placing at 6p is also possible but it s the news that will be important.
Yes 110 posts and suspended for months. Personally I doubt it will return. The community may say it will apply for a new listing next year. But that is expensive. Got some free shares here but have written those off. Pleased I took my cash back.
Nothing can be done. I sold out of mine when the California vote was on. I suspect that the shares here will be bought up cheaply so I am back for a punt. The company still has a lot of licences and business worth more than a small studio in London so I reckon some of the major shareholders and directors will pay 0.25 (say). In time the aim shareholders may get an offer. A film company I bought in at 0.14.....the company forced through an offer at 1p so I was well happy with that. A mineral company I bought in at 0.3 relisted in the USA on some minor exchange. A couple of years latter it came up on my secondary account but I ignored it as just a fake. Then it went to 7p equivalent and I pressed the button to sell. To my amazement up came the deal page and I still thought it was just an error. But thorough it went for thousands of pounds. I looked at the screen in shock. Made up for other times when I have been ripped off and then some.
They just borrowed a million from Galloway. They will go private as confirmed but they maintain the licences. Aim is a cesspit and we know that. Not for serious money dodgy as hell. You need a couple of 20 baggers and get out of them to make it pay. This is punting money only but those who bought at 15 times higher have done their money here.
Me too. Will add more if they go to 10 or lower. Not bust. Just going private. They might sell the licences for 5 million in the future and return 1 pence or so to shareholders. It’s a punt and we may have to wait. I sold out most at nearly 5p in the heady days of the California vote and the rest at over 2p when it went nowhere. Never lost on these and I reckon I won’t this time either. Punters selling early at 7 or lower were mad. Every chance of a decent rally if someone wants to grab the licences ….a punt but one with chances
I said I would review at 30 pence and here we are. Time for me to take a bit of profit having hit my initial target so I have sold one third of my holding having bought at just below 14p. I have a large number tucked away in a long term account that I will be holding for years. You rarely get a stock that acts as well as this one and I would not put anyone off buying these on any pullback. Time for me to start booking holidays for 2025…the wife is dropping big hints!
The company is bust. It is losing money in spades and has no way of paying its debt back. Bitcoin is nearing 100k now and the decision to move away from bitcoin is just nuts. I can understand why people buy this. Arb is known for Bitcoin and they see that hitting all time highs almost daily. Hard to sell out though….some miracle might happen we think. All we can do is try to reduce our max loss and hope. Arb would be way overpriced at a penny. Our directors were way out of their comfort zone and got taken to the cleaners. When bitcoin hits 100k and then 500k we can all look back and think if only. The real money will be made by others. It was our money really but the highwaymen took it
The last fundraising was in May for 3 million. I am guessing the company will raise £5 million at some stage. Perhaps at 25p. It has a very good business model of course but I certainly would raise more cash. In 5 years it wont matter a jot