Member Info for Bobat123

Shorters in Big BIG trouble today.

Board should be in prison. Shortchanging the shareholders. Watch this rise from the ashes.

Will sell all my holding at 10p

75 mill buy gone through

(Sharecast News) - Internet domain name registry company Minds + Machines reported revenue of $16.83m (£11.84m) in its final results on Tuesday.

Earnings per share came in at 33 US cents, up from 31 cents a year earlier.

Cash generated from operating activities increased to $6.4m, from $0.48m in 2019, while cash balances at year-end totalled $8.9m, an increase of $2.3m over the end of 2019, even after buying back 43 million shares during the year at a cost of $2.8m.

"Our results for 2020 continue to demonstrate the quality of our portfolio and the cash generative nature of the company," said chief executive officer Tony Farrow.

"The fourth quarter was a transitional period for the company as, in addition to immediate actions such as reducing staffing and terminating non-accretive supplier contracts, we considered structural and operational changes that we believe sustainably improve the business going forward."

Farrow said revenues for the first quarter of 2021 were 4% lower than the same time in 2020.

"While it is early in the AdultBlock Sunrise B renewal period, we are encouraged by registrar interest and some early sales of this product," he said.

"We are also seeing an increase in cash generation despite the decrease in revenues as the staffing changes and other cost reduction initiatives put in place at the end of 2020 resulted in EBITDA of $1.6m for the quarter, a 98% increase over the $0.8m generated in the first quarter of 2020.

"We continue to work closely with GoDaddy Registry to complete the conditions precedent to the completion of the sale transaction whilst continuing to drive the business forward to maximise near term cash flows."

7th August 2021 - Possible RTO??

Before reviewing 2020, perhaps the most important matter is the proposed Asset Sale to GoDaddy Registry.

On 7 April 2021, the Company announced that it had conditionally agreed to sell the majority of its assets and business to Registry Services, LLC ("GoDaddy Registry"), an affiliate of GoDaddy Inc., for US$120m in cash. The sale was approved by the Company's shareholders at a General Meeting of Shareholders held on 23 April 2021.

Completion of the sale is conditional upon the satisfaction of the following conditions:

· Approval for the transfer of the TLDs to GoDaddy Registry by the Internet Corporation for Assigned Names and Numbers ("ICANN");

· Approval of Chinese authorities for the change of control of MMX China (including change of control in respect of relevant licenses held by MMX China permitting it to distribute gTLDs in China);

· Approval, as well as the waiver of certain rights of first refusal, by commercial partners for the transfer of certain gTLDs; and

· No material adverse change in the ownership and/or performance of the business in the period prior to completion.

Cash generated from operating activities increased to $6.4m from $481k in 2019. Cash balances at the end of 2020 were $8.9m, an increase of $2.3m from $6.6m at the end of 2019, even after buying back 43 million of our shares in the year at a cost of $2.8m.



Commenting on Current Trading and Outlook, Tony Farrow said:



"Our results for 2020 continue to demonstrate the quality of our portfolio and the cash generative nature of the Company. Q4 was a transitional period for the Company as in addition to immediate actions such as reducing staffing and terminating non-accretive supplier contracts, we considered structural and operational changes that we believe sustainably improve the business going forward.



"Revenues for the first quarter of 2021 are 4% below those for Q1 2020. While it is early in the AdultBlock Sunrise B renewal period, we are encouraged by Registrar interest and some early sales of this product. We are also seeing an increase in cash generation despite the decrease in revenues as the staffing changes and other cost reduction initiatives put in place at the end of 2020 resulted in EBITDA of $1.6m for the quarter, a 98% increase over the $801k generated in Q1 2020.



"We continue to work closely with GoDaddy Registry to complete the conditions precedent to the completion of the sale transaction whilst continuing to drive the business forward to maximise near term cash flows."

*- ends -














About MMX



Minds + Machines Group Limited (LSE: MMX) is the owner of a world class portfolio of 32 ICANN approved top-level domains (gTLDs). The Company generates revenues through the registration and annual renewal of names by organisations and individuals within each of its top-level domains, sales being processed through the Group's network of global registrar and distribution partners.



The MMX portfolio is currently focused around generic names (e.g. .work, .vip), consumer interest (e.g. .fashion, .wedding), lifestyle (e.g. .fit, .surf, .yoga), professional occupations (e.g. .law), and geographic domains (e.g. .london, .boston, .miami, .bayern). In 2018, the Company completed its first acquisition, the ICM portfolio, and launched its first innovation based project, .luxe, which combines the strengths of the World Wide Web's naming system with that of blockchain. For more information on MMX please visit www.mmx.co.

Executive Summary

Before reviewing 2020, perhaps the most important matter is the proposed Asset Sale to GoDaddy Registry.

On 7 April 2021, the Company announced that it had conditionally agreed to sell the major

Total washout. So many buys from this morning not printed. Buys which were above 0.17.
All sells and even now buys are showing as sells. Lots of stop losses were aimed for in the morning. Something going on behind the scenes.

Amadeus Basin Permit EP145



Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces that the relevant Minister in the Northern Territory Government has advised that Mosman's application for a suspension and extension to the work programme conditions for EP145 has been approved.



Mosman will now engage the airborne gravity data acquisition company and as there are not currently any Covid-19 restrictions this survey is able to proceed in the near future.



This results in the suspension and extension mean that the work allocated to be completed in Permit year 3 and was previously due to be completed by 21 August 2021, is now due by 21 August 2022. Subsequent permit years work requirements have also been extended by one year.



John W Barr, Chairman, said: "All going well the gravity will be flown in June and the interpretation will be completed afterwards. The results from the gravity work will provide important details and will also affect the final Seismic programme which is currently in advanced planning stage."

How do you explain 79 trades and only about 15 printed and all sells?? Where have the buys gone?

63 trades done and mms have printed 10 trades and all are sells. What is going on here??

50 plus trades gone through and MMs not printing them. Mms manipulating this stock.

Full year results on May 18. Gently ticking up. Mms still hiding buys as sells.

Big manipulation going on. Many buys showing as sells. Big order getting filled.

285Milllion buy printed. Mms taking this down to fill orders. MMs also going for stop losses

(Alliance News) - Iconic Labs PLC on Monday said it plans to branch out into drone technology through a deal with Ott Ventures SRO.

As part of the deal, London-based media and technology firm Iconic has agreed with Ott to buy a controlling stake in drone-specialist Sting Industries Ltd.

Sting's drones are used in a wide range of applications for the military and security sectors including providing close protection by flying in front of users in tight indoor spaces.

Shares in Iconic were up 25% at 0.0145 pence each in London on Monday morning.

"I have worked with Ott Ventures and the affiliated companies in Group Ott for many years and am delighted to have been able to sign this letter of intent with them as I begin the process of building a bold future for Iconic," said Iconic's Chief Executive Brad Taylor.

"Sting is an exceptional company. I look forward to signing a financing facility with European High Growth Opportunities Securitization Fund and completing this transaction."

Under the deal's terms, Iconic would acquire a controlling stake of Sting for a combination of convertible notes, warrants and cash, and provide a "long-term financing facility to meet Sting's working capital needs".

The agreement is subject to due diligence and the finalising of a long-term financing facility of up to GBP50 million with European High Growth Opportunities Securitisation Fund, Iconic said.

No News and this goes up. RNS and this goes down. No Rns the better.

Rns Out

7 Million buy just printed. Seems like orders getting filled. Getting very interesting.

Big buys from yesterday showing as sells. Dyor