Member Info for BigCheesy

Good to see Earache making friends and playing nicely with others.
Ramming his tripe down any newbies throats that they are not genuine.
The bloke is brilliant........ long live Earole....

Careful oil, Marko not had a good day his other share that is supposed to be about to pop, hit many multiples and the CEO taking him to the moon, it didn’t quite materialise today.
Marko before you start For your own piece of mind just don’t invest in shell companies again especially ones that are about to be suspended. These shares are not for you.
KR BC

PersonA never has anything positive or informative to say.
PersonB much more amicable and on the ball.
Funny that we are expecting an update in the near future and there has been an update elsewhere that might put some ducks in a line.
I will keep the faith until news comes out saying this is a dead duck.......
KR BC

Webba what happened if the remaining staff are still taking a wage trying to get a deal across the line? That will all need to be paid out from the remaining cash funds.
I am not saying this is a dog, but expect your money to be tied up for a while if the company goes into suspension there is no time limits on these things. Take a look at the holders at BOU still hoping for a deal 18 months in. Wages still need to be paid unless the staff are not taking any.
There is a lot of risk for potential decent rewards. KR BC

What I would like to know is what makes up Barons general and admin costs. 30% of the the raise needed?
Some hefty salaries or am I missing something.
65% on Chudditch
5% other projects
So yes all eggs in one basket, hope it pays off. KR BC

Nice one Earache, BigCheesy is the name and boosting my ego is not my game.
A quick glimpse at your posting history shows you to attack people whom don’t share your point of view.
Why can’t people speculate on a public BB about possibilities? You have pushed ORPH as a potential candidate?
A lot of what you post is pretty decent and I take on your point of view. However please let’s not get personal we are all here for the same reason to make money. I am no guru but keep ticking over with specific set of rules I follow in making my investment decisions. Hence the original ‘basic’ question you took hum-bridge too.
Anyway Good Luck to all holders.... don’t forget to read the circular.
Kind Regards BC

Moniman and Dingodog you are correct in your thinking.
Yelnirb stating our market cap being 300 million is correct if that is the company value, but that is not just shared between current shareholders, there will be masses of shares that will be distributed to the company reversing into Mountfield.
I have seen good upside and downside on numbers of these transactions, and the value is normally in the future growth of the new company hence Cannabis/Healthcare and Bitcoin are hot property to be involved with in this current market.
FWIW With the people on board here I don’t currently see much downside with the current price per share. I can see this doubling on speculation without any concrete news then you have your choice.
Regards BC

Alright Earache, hear you loud and clear. The second message wasn’t showing hence typing it out again.
The simple answer was we don’t know what the operating costs are as opposed to going on it being a total punt which these things are never a total punt.......
Anyway seems like the ducks are aligning with the RNS this afternoon.
The BB is for conversation, knowledge transfer and debate, not just the rampers and know it all’s.....
Good Luck

A little top up for Mr Akers....... he is a shrewd chap

Thanks Yelnirb, I am well briefed with the cash shell scenarios and appreciate that Mountfield are a new company but knowing what they have in the bank is pretty key to identifying whether this is a decent buy in price.
There must be cash burn and salaries being paid or have all staff been shown the door.
The more money that Mountfield have the less dilution/money needing to be raised once the RTO takes place.
I presume as the change in direction was late last year the business burnt through at least the 500k cash as part of the half year report.
Just wondered if any LTH had a rough idea of the operating costs that would still be valid for last year.
I have a price I value cash shells at and adding in the cash in the bank gives me a price I am happy to buy in at.
This company ticks most of the boxes except having a rough idea of the cash available to them.
Kind Regards and thanks again for your response

Thanks Yel, I am fine with the cash shell scenerio hence why I am here but there must be money in the bank, and appreciate Mountfield are moving in a new direction but does that mean they have offloaded all previous staff and only have the directors on board? There must be some ongoing operating costs etc so just trying to work out that it wasn’t until late last year that the business went in a new direction so presuming the 500k has gone and trying to work out if any of the recent placing needed to pay off any other bills hence asking whether any LTH’s had a rough idea of the running costs as would still be live until the change of direction in the company.
The cash shell valuation can be construed in many ways but currently we don’t know the identity or what % of that newco we will get.
In summary, knowing what cash in the kitty plus my valuation of a clean shell helps me identify whether it is worth a play at current market cap.
Thanks again. BC

I am hoping some of the LTH’s can help with cash flow position here. I can see as of June 2020 - 500k in the bank and recent placing for 3.1 mill.
Can anyone help with running costs and rough figure of what they feel this company has in the bank.
Trying to get my head round the half and yearly reports but struggling a bit with this one. Thanks in advance BC

Just watching Sky Sports Racing and top jockey Aidan Coleman appears on screen advertising the branding of Low6.
To me if Low6 is getting the likes of him on board then this could be a very very astute investment. If you look at the companies who have jockeys advertising their products it is only the big players in this space that bother.
Just thought I would share that my confidence levels have jumped massively on this investment seeing that the marketing is now being seen on our screens. Regards BC

I am with you Vulcan 0.17 for me, feel that is a fair entry point with the recent money that has been raised and the top boys now at the helm. Will be slow going for a while with all these shares to churn through.

I have to agree NS20 the presentation of the app tomorrow by Mode is another step forward in getting this on everyone's radars. I was surprised to see Vela fall under the placing price yesterday when news is due very soon on a number of fronts. Hence a small top up this morning.

I believe Roobler is front of house with his winning personality.

Could sell at 0.63......... going pop...... Steve not far to go for you to break even.
Anyone think it is Ltd buying up all the shares?

Something brewing 21 paid. This cash shell expecting news? Normally these shells hit around a three million market cap on expectation. Just about getting in at the right time

Good lad RKB glad to hear someone turning a good profit wish I could say the same. However I do expect some upward progress in PRIM especially with Rupert continuing to increase his stake.

Something afloat? Seems like a few buys going through at new highs......