Member Info for Bebeto

I'll only be happy when I can sell, being trapped what looks to be over a year, isn't what I signed up for.

They need a new CEO if the company is genuinely going to progress. IMO

December 2023 interims need to be published and by the end of October, the June 2024 financial statements need to be published.

There's most likely corporate governance issues, that also would have to be resolved.

A draft prospectus would be considered incomplete, without up-to-date financial statements , and therefore will not be reviewed until it's considered complete.

There's still some work to do before the suspension gets lifted.

The FCA will naturally be monitoring but RPG Crouch Chapman LLP, will take over the audit process and must address the concerns raised in previous audits.

Their ability to complete the 2024 financial statements will depend on resolving the limitations that caused PKF Littlejohn to issue a disclaimer.

The prospectus is the key, as it's a trade off between a few billion extra shares and a net reduction in liabilities, overall £4.07 million (including the new Cynergy debt).

(More information required, as to what else is in the prospectus)

Greatly strengthening the balance sheet, by reducing it's debt burden, in turn improving it's financial health.

JC, they don't want to sell at a loss , more likely they do want to use their capital to reinvest into something else.

The unknown is, how long do they give it before they start to withdraw.

There's lots of variables.

Doubt they are planning to dump, more likely to aggregate out of position and take an average.

I don't know what anyone's plans are but unless they take a major holding, anything is possible.

A bit like people who takes 2.99% and trades under the radar.

The loss is to be used to offset capital gains made in the same tax year, and if the losses exceed the gains, it can often be used to offset ordinary income (to a certain limit) or carried forward to future tax years.

The loss is not profitable, it gets used, but the warrants can be at a future date.

HNW, tend to be involved in a larger number of these opportunities , which can become self generating for them, reducing their risk further.

When the suspension lifts, we shall see to what extent they will hold longer term here

JC,

You are very familiar with warrants, then you know warrant holders are not always long term holders, and a lot of them go from share to share playing their game , making a lot of money , moving their capital around without the long term commitment.

The only real way to know if a HNW warrant holder is actually a long term holder, and that's for them to also become a TR1 holder.

To date, the only people making money here are the ones who are lending the company money and I don't see that changing for the foreseeable.

JC,

You're conversing with someone who does warrants and that's how they can work.

Posters below are out of their depth.

But you have considerable investing experience, so I find it harder to believe, that your knowledge base is not covering this area.

Who knows what the HNW warrant holder's are actually thinking, but the only way they'll be crying into their cornflakes, is if this doesn't come back on the market.

JC,

They sell and don't buy back, because there is no need to.

If they make a profit, they will buy the warrants from profits, obtaining free shares.

If they make a loss, they use it to offset their taxes on other profits made that financial year and they still hold the option to buy shares (warrant) at a set price, which they will make a profit if the share price goes above the warrant conversion price.

In essence, HNW would not be hacked off as you purport them to be.

JC,

You know as well I do , that HNW individuals can flip their shares at a loss for a tax advantage and using a warrants kicker to potentially make a profit with no risk.

Let's be transparent about this.

Some people don't understand that it's a conversion of debt into shares, whereby the money has already been spent and the shares will most likely be sold by the CLN holder's for instance.

£6.53m worth.

Orca, conversion price is 90% of the 10 day VWAP.

Why not have a bit of transparency, there's nothing to be afraid of, if you think the company will do well it shouldn't affect you in the slightest.

A certain shareholder, who holds a decent amount of shares actually believed there's only 750 million extra shares in the prospectus.

Through discussion, you can attain a truer picture of your investment and therefore anything considered negative like dilution, because a known event.

I think I'm locked-in now regardless.

Your calculations just reaffirms the belief to sell before the prospectus is authorised, and reassess the situation after the prospectus shares are issued.

It's going to take several months between the prospectus and the upgraded plant to production revenue.

Expecting it to be in the range of 6.5 billion shares to 10 billion shares , depending on what else the company has planned.

Oh c'mon there's over £6.5m in CLN's to convert for a start as per the most recent financial statements.

That's going to be up to 3.5 billion shares dependent on the conditions of the CLN.

LOL do you really think I'll get a chance to sell up before the prospectus is authorised?

Odds on we're all locked-in and going to be massively diluted.

Iwontell

Why don't you just filter me and move on, instead of continuously bleating because you don't like my posts.

There's no point in debating over must need financing, they just need to get it done.

I'd like to be out of this share, before the prospectus is authorised as it contains billions of extra shares and the dilution could have a dramatic lesson for current holders.

Then reconsider afterwards.

I suspected a RNS would come today, regarding Cynergy $500,000.

RNS tomorrow?

Receipt of substantial funding, as per the RNS 23rd August;

'Further to the announcement made on 15 August 2024, the Company and Cynergy Global Ltd have agreed a second extension to the payment of the second US$500,000 tranche due under phase 1 of the Cynergy strategic investment plan. The extension has been granted until the end of September 2024.'

JC,

I do respect your investing experience, and I wish you no bad feelings at all.

I did call you a "little man" recently but that was tongue in cheek!

We're all here to make money, and we all have our own genuine views, which does set us apart.

Funding would be sensible and maybe even a requirement, either way I'm still looking to sell until after the prospectus shares are out of the way.

Warrant holders, could also flip their shares at this point.

If or when the company can deliver on production, will be the time to look at re-investing.

Possible trading opportunities in the meantime, to recover losses.