Member Info for buried_treasure

Shrewed_Frankie_Stark

"I purchased under 13 million today"

You are a complete Walter Mitty fantasist who changes from bull to bear to bull like a weatherc*ck.

With the emphasis on c*ck.

I think they've given up on Crowdcube since the pitiful level of interest was laid bare last weekend.

And the accrued interest on all the debt across the group? How much has that gone up?

The accounts would reveal all.

Except they can't get those signed off because of going concern. Which they can't satisfy until they do a placing. Which they can't do until the shares resume trading. Which they can't do until the accounts are signed off.

Catch 22.

£26.5k will pay Batman, Robin and Jimmy Two Teef for another month I guess.

"Lithium price climbing again."

Having recently fallen quite significantly.

The interest accruals however just keep on rising.....

At some point one runs out of road.

I really hope they are taking (and following) advice on their responsibilities to their shareholders and creditors, and when those responsibilities flip from one to the other.

TW has promised in today's Bearcast a takedown of BMV tomorrow. Been sitting on it a while apparently.

Having struck the Jennings iceberg, the Captain of the Titanic rearranged the deck chairs and the band played on.

I agree with ElectricLion, for once and even though he has me filtered.

It all rather depends how you define "institution" and how you treat nominees and beneficial owners.

I think we’re due an update on a few things.

Where are we at with the £2M+ placing letters due last Friday (put back from 16 February)? Has anyone actually signed up for this particular round of financial masochism?

Where are we at with appointing Nick Bridle and Mick Cataldo to the board as non-execs? Nothing has been filed at Companies House. Per the announcement on 15 January, over two months ago, that was supposed to be “effective immediately following completion of relevant customary due diligence checks by the Company's advisers”. Did they fail DD? Did they get cold feet (who can blame them)?

Recyclus accounts are due 31 March. When should we expect them? What of the Crowdcube raise if they are overdue when it moves to closing and the 75 people putting actual cash behind their commitments?

While we’re at it, EXACTLY when should we expect the long overdue TM1 accounts? What EXACTLY is the hold up?

Troactive the paid ramper wants you to believe this has a “CLEAN SLATE ATM.”

Let’s look at what the companies ACTUALLY HAVE on their slate “ATM”, shall we?

Technology Minerals

In default on £3.3M of debt to Swanny.

In default on £1.7M of debt to Atlas.

Likely still loss making at the PLC level (if it weren’t you would have heard about it).

Likely got very few shares in CRML left (if they had more you would have heard about it).

Likely running on vapours - the 15 January fundraise won't keep the wolves at bay for long.

Recyclus

£9.6M owed to TM1.

£1.03M owed to Close Brothers at 13% interest (secured by charge).

£518K owed to Century Cobalt (related party) at 13.75% interest.

£457K owed to Mega Company at 12% interest.

Still loss making at the operating level, or it wouldn’t be fundraising.

Crowdcube currently at £24k from 75 “investors” (mugs more like) after 2 weeks with 3 to go. A pathetic 7% of revised target of £350K – original deck mentioned £3M at a pre money valuation of £30M (no laughing at the back).

These companies are so far up sheet creek one wonders how the directors continue to trade without exposing themselves to all sorts of really heavy consequences.

That is what Troactive’s “CLEAN SLATE ATM” actually looks like. There is a clean slate scenario, but as outlined in my post of 13 December it needs an insolvency process to get there and that means total wipeout for the equity in both companies.

For someone who "doesn't care about its posts", you spend an awful lot of time replying to them.

You care an awful lot more than you are comfortable admitting.

Because deep down you fear he may be right.

ElectricLion, please do not put words into my mouth.

I did not say every KEFI investor ever was a mug. Some KEFI investors believed Harry when he showed them who he really was (a FLAT - Fat Lying Aussie Trougher) the first time many years ago.

I said that you were a mug. And I stand by it.

ElectricLion, you've been long and strong here for donkeys years.

I refuse to believe you have anywhere near a 0.6p average.

Ask yourself this. How many more millions has the FLAT (Fat Lying Aussie Trougher) made out of this than you?

What a mug.

ElectricLion, you've been long and strong here for donkeys years.

I refuse to believe you have anywhere near a 0.6p average.

Ask yourself this. How many MORE millions has the FLAT (Fat lying Aussie grifter

ElectricLion, Harry has taken you and your ilk for millions and millions during the years and years of this lifestyle grift. And still you just shrug and move on.

You are a 24 carat mug. Pure and simple.

Equity crowdfunding into a subsidiary that owes its parent £9M.

How anyone falls for that is beyond me. How Crowdcube allow it on their platform tells you all you need to know about their desperation for a fee.

"...it's finally finished..."

Do me a favour bird brain. You said it was "finished" with the LAST placing!

And the one before that.

And the one before that.

And the one........

Another one? Ramptastic!

They must be desperate.

Just thought I'd drop by and see how it was going since the Roast PR paid ramp.

30% down offer to bid, a spread as wide as the Grand Canyon and another ramptastic RNS today to pump the tyres a bit more before another bailout discounted bucket shop special fundraise.

This "investment" remains for financial masochists only.