Member Info for BigCheesy

Kwota, couldn't have said it any better myself.

The only people I see that said it was a done deal through the process was Pure, nothing from the people who we hold out shares with.

Just looking at the token launch and market cap, I am glad we have pulled out as very little substance behind the valuation.

WIth the Market Cap where we are it cannot go much lower, 20% tops, unless there is dilution. I have not seen a listing with less than 190K cap.

Regards BC

TJ the RTO will go through with TRAF when conditions are more favourable, the token value is worth peanuts compared to the market cap this is potentially going to float at.

No one wants this to tank heavily but all longer term holders if honest will have their finger on the sell button at 0800 the day this relists.

I said weeks ago that the process takes time.

Suspension will be lifted on RTO day.

If it falls through it will either relist with probable placing or go pop.

Just need to wait, October earliest now.

Regards BC

I agree with you Dryman. They shouldnt demand anything and be grateful that Businesses want to invest in that part of the world and help them out. Good to see we are on the same page. Regards BC

TJ what else did you expect them to call you? You are a TRAF shareholder and nothing signed with Puredports stating it is a done deal.

Puresports don't need to tell us TRAF shareholders anything.

I am sure they are in discussion with the TRAF board and up to them to give us information if they choose to.

Your comments scream of an 18 year old spending his paper round money.

It happens when it happens you whining every two minutes to anyone that will listen won't make it happen any quicker.......

Surely you have something more exciting going on in your life than chasing up something that you have no control over.

Regards BC

It will be the former John, sick of you badgering them as they cannot tell you anything without letting the wider public know.

Regards BC

Shareholders to vote, I certainly haven't been asked whether I agree with the deal. I know Kwota holds a few of these and wouldn't agree to selling at a silly price.

Would you sell your house for half the price?

Traf would then trade as it was. With no RTO back to the 0.006

Regards BC

Bless you TJ.

Why follow the legal process for an RTO.

You carry on bursting your blood vessels.

Of course it will come back to sharehol

J389

I have heard or seen they value the business around 12 million

Making us valued around 1 million.

However we still have the property and when sold I don't know whether we owe anything on that, so whatever money is generated from the sale I would expect that to be additional to our part of the pie.

Maybe some of the existing holders have to take a hit and we get more than expected.

Three/four years ago loads of companies were doing RTO,s and the shell company was valued at 1.5 to 4 million

However not seen one go through in a while so difficult to gauge our val

Morning TJ,

Probably a number of factors in play here. TRAF doing their Due diligence, meaning PureSports have to prove their product work in live environment which is happening now, once complete the next stage will be prospectus being created and from your recent company update it sounds like that is being done in the background but cannot see this being rushed.

Then the prospectus is put in front of shareholders to approve (it will detail how much of the pie we get) and generally date set for meeting.

Once approved then a date is set for the RTO to complete and new company to trade on the stock exchange.

I dont see this happening in a week and dont want your blood pressure popping.

Just for awareness this is by far the quickest RTO I have been involved with, they can and have taken years, so count yourself very lucky if this one comes back this quickly.

Lastly looking at the share breakdown I would be very surprised if the 19% was allocated to TRAF.

There needs to be some free float for people to buy on the market. If we get 10% I would be happy but see it being slightly less at 8% but again what do I know.

Regards BC

TJ so if Puresports go ahead with the RTO do you know what happens next?

Do the company just start trading again? Really interested on your thoughts here.

Regards BC

Trader John, what do you want the company to say? RTO has been delayed and it gets done when it gets done?

You obviously have not been involved in many companies going through reverse takeovers. You just need patience and wait for news and dates.

I dont want the company wasting funds on RNS stating what is already in the public domain.

Reading between the lines I dont expect this to be trading until September/October, If you read the company home page then states a huge partnership being announced. Surely as a business it makes sense to release that news with listing?

I could be wrong but feel you might have to wait a few more weeks before this trades.

Regards BC

Will Mosman break through the 0.75 resistance this week? Will press it today.

Blue day?

So this isnt a dead duck and just need a bit more time to fjnd a suitable vehicle yo reverse in here for a couple of hundred K, that is good to hear. Regards BC

Have I missed something? I thought we were through stage 2 and financials were stage 3.

Reading the RNS are Clon that confident that they will pass stage 3 hence prepping for stage 4?

Positive vibes if that is the case.

Regards BC

Joey B and Techtonic are the same person and have the same agenda. I havent worked out what but could do with getting themselves removed from AS's christmas card list?

GRV ! GRV! GRV!

What do you think living with Fitsbrokerspal is like? We should all count ourselves lucky we only have to read his posts if we choose to.

Regards BC

All you need is Techtonic on his soap box he will moan enough so people buy up the placing shares. My kids whine less than you. It is AIM and a company with 8 million market cap. Just because you bought in higher please dont keep whining about it being everyone else's fault. You have been here a few weeks, at least Wideboy has a point that he didnt ask for his investment in here and like me we were there for the light bulbs.

Dont play the game if you are not prepared to lose, just go and moan to your mates at the Daily Mail and not on here, you are really depressing.

Regards BC

With all those shares allocated how much of the company does he now own?

Maybe this has been a plan all along? Could be exciting couple of days going into Easter