Member Info for buried_treasure

"If he does it again this time I think it will prove he is well dodgy."

The stockholming is strong in this one. Siennaj, let's look at the record.

Promised £2M at 2p - welched

Promised to buy company's BTC mining equipment - welched

Promised to buy back warrants - welched

Has he not proved he is "well dodgy" already?

So.....

Promised £3.25M at 0.5p, has delivered £6,250.......

What do you think happens next?

CLUE :

It begins with "w", and is somewhat unlikely to be "write a cheque for £3,243,750"

Siennaj, it's well past time to stop listening to the company shills on the "official" (LOL) telegram group and look at what has actually happened here.

Is that aimed at me Troajan? You think I'm a Russian shill?

I've heard it all now.

Mazerunner

For the umpteenth time, this is NOT AIM.

No NomAd to get it the way. No siree. This is Main Market mate, where anything goes.

I'm not saying it's over "because they've been suspended for a few months".

I'm saying it's over because it is insolvent, cannot raise fresh funding, and the auditor therefore will not sign off the accounts as it is not a going concern.

I think we can agree that at the very least the market is due an honest (for once) update on the exact situation.

You're coming very late to this Screwed_mug.

I was telling you all that months ago.

Back then all I got from you and the other golden ticket holding mugs on here was ABUSE.

Mazerunner

OK, feel free to explain to me "how it works" in relation to disputes as to going concern between directors and auditors. Firstly, whose opinion counts most in that little power dynamic?

I'm all ears.

(This is going to be fun. Pass the popcorn.)

LAKE PARIME is now LP REALISATIONS.

Those insolvency reports make a fascinating read.

Screwed_mug

That's the half hour of due diligence you, Frankie and SteamyWee should have done at the end of June. Then you might still have whatever you dropped here.

Maybe next time, aye.

WALOOC.

What A Load Of Old Cobblers.

It falls down at "credible" I'm afraid 1eyeopen.

IMHO the directors, whose accounts they are, believe TM1 is a going concern.

The auditors believe it isn't.

Therefore they cannot both sign the same set of figures.

= problemo.

I don't think this ever resumes trading. It is, IMHO, a zero.

He'd have gotten away with it too if it wasn't for us meddling kids.

Back in the summer some of those still here were telling us this guy was some sort of crypto and banking guru.

Ten minutes due diligence showed that to be complete fantasy. His internet footprint paints a story of repeated (and sometimes very expensive) failure, now his short-lived public markets career is trashed before it even got going.

Can anyone point me to a single instance of this joker generating any sort of value from any enterprise he's ever been involved with?

The vast, vast majority of small cap RNSs mentioning the words "related party transaction" will be structured to benefit the related party at the expense of mug private shareholders.

When you see the magic words, sell -> run -> avoid -> add names to personal sh*t list.

That has to be one of the most valuable lessons there is. If the regulator isn't going to regulate your self-discipline on this has to be 100%.

Neither Sath nor his associates will buy shares at anything like that price.

Like £2M at 2p last summer, it is a complete spoof to dazzle mugs like you who fall for it every time.

So another load of promises by Sath / Skylake have been rowed back on to be replaced by yet another set of opaque commitments (or are they?) and a related party deal for some support with, er, what was it again?

Does anybody have any idea on how money, services and equity stakes will move between BMV, Skylake, The BE Company and Sath after this announcement? Especially after the last lot unravelled so quickly?

This is a public company listed on the main market. It should be crystal clear and irrevocable

- where the money is coming from, and on what terms

- how it will be deployed

- how that benefits equity holders

If any of that is opaque there is a false market, you are buying a pig in a poke and the whole scheme and anyone within a mile of it is totally, completely and utterly uninvestable.

Sell, walk away, avoid.

For financial masochists only.

Delisted today then.

Good riddance.

There is no "fact of real value". There is no mine, nor even any road to a mine.

You have been waiting 10+ years for something "of real value" first and repeatedly promised in 3.

That is fact. Everything else is future. Because of the track record of the fat lying Aussie trougher, Mr Market, bearing Mark Twain's famous observation about gold mines in mind, is discounting that future by approximately 90%.

Ericnat17

Problem is, your Harry is a fat lying Aussie trougher with a multi-year track record of complete and utter bulls**t.

So when he says "fully", and you repeat FULLY, Mr Market doesn't believe either of you.

Fill your boots then!

Oh, wait...

It's not "bewildering" at all.

It seems the auditor will not sign off on going concern because in their opinion the business is not, er, a going concern.

If the directors cannot sign audited accounts, they cannot put them before an AGM, or file them with Companies House, or RNS them or get the suspension lifted.

There are no refinancing options for reasons previously stated. My bet is the next RNS confirms delisting, the company goes private, and dies quietly away from the public gaze. Holders at suspension are trapped and can salvage nothing.