Member Info for buried_treasure

Also you say "TM1 have debts due in March".

First things first. TM1 have debts due in February including payroll I wouldn't be certain they have covered yet.

"Last major hurdles" - if you trust the company. They lied in RNS saying it had completed before. I'd want independent documentary proof if I were enabling a $multiM hedge.

And a steep cost of borrow too.

There is an arbitrage through Atlas where you take some TM1 exposure from them to cross the trade, but that also creates a forex risk £/$.

If it were a S&P 500 crossing a FTSE 250 there's a deal to be done. NASDAQ to micro-cap is probably a bit racy even for the most ardent deal maker.

THE_CHAIN

To answer your question, yes, that's possible.

Equally possible that one of the other parties locked in did the same. As the disclosure was uncannily timed alongside the placing, a regulator might ask if the short seller had knowledge of it.

Anyone on the other side of a CRML trade from LRH would have to be 100% certain that the deal had completed (admin processes remained last heard) and the shares were only waiting for the passage of time to arrive. Otherwise you are writing a naked put, and being an unsecured creditor ranking alongside all the earlier debt is not a risk you would take for margin.

Bit then these guys think they can get £3M Recyclus equity funding away behind £8M earlier debt. So by comparison I guess any old wild delusion is possible.

McC show some respect and take your cross ramping trash elsewhere.

Long term holders have been shafted here over many years. Today's coup de grace has been in the post for a while.

Thankfully those associated with this lifestyle grift will never work in public markets again. All associated with promoting it should hang their heads in shame.

Credit to you Dusty, at least you and CHAIN are here fair weather and foul, and enjoy the coaster.

meerkat308 is just a complete pest.

Maidit308

Is that how it's going to be? When CRML falls off a cliff you go silent, then when it turns for half a session you pop up like a deranged meerkat telling us all how it's going to multibag by the weekend?

Truly a mug among mugs.

You were told months ago what was going to happen and kept recruiting more mugs and abusing those who read the situation correctly.

Now you still don't understand, but an unidentifiable something has spooked the market! LOL.

A little contrition from the mugs here wouldn't go amiss.

Here we go again. Who put 50p in the ****?

THE_CHAIN

The effects you're seeing are not "retail investors shorting". A 2% short accumulating on NASDAQ would not crater the price like this.

What you are seeing is, for the first time, a free float in CRML created by the placing.

It's market cap has been artificially high by there being only buyers and holders from market debut up to now. Since the placing, there are sellers in the market too.

Where this settles is anyone's guess. The fall isn't anywhere near done yet. As I've said before, $0.65 has a nice ring to it.

Baz9707

You only just found out about the lock ins???

I posted about them on 27 NOVEMBER!

"There is very little liquidity in CRML and everyone's lock in expires at the same time. TM1 need to join a mad dash for the exit.

That's the snag with all scrip transactions. The paper valuation is often very different from the actual cash that can be realised quickly."

and

"What will [the price] be when the lock ins all expire on 28 February and all that scrip looks to monetise?

Nobody knows, but I'd be amazed if after that the true market cap is anything like it's current value."

I was ridiculed at the time. Fast forward a couple of months, and guess what - I was right.

You could see this coming a mile off. All scrip transactions are almost always set up to trap the unwary mug punters. Here Troajan, maidit308 and that other mug with his spreadsheet bought it hook, line and sinker. $10M guaranteed they said! They will be lucky to realise enough to pay off the GBML costs.

There is a similar sale going down at ROQ. Another murky paper transaction "...with the potential for upfront cash...". Yeah, potential. I think Mr Market knows how much "upfront cash" there will actually be. Another bargepole stock.

I think you'll find it's the shareholders that are the biggest eejits.

Jimmy Three Teeth the FD said in an interview that the directors' salaries would be held at last year's levels (£600k or so) for the coming year and that was cheered here to the echo.

Who are the eejits?

Looking at the latest balance sheet and what has happened (or rather not happened) since, I'd say 0p is very likely.

Very likely indeed.

If your opinion is relevant, his is too.

If his is irrelevant, yours is too.

If it is 50/50 as you say, it has to be that way. You cannot have it both ways.

(I happen to think it is not 50/50, that the risks are very much on the downside given the history of serial non-delivery)

"The Company is actively seeking a suitable replacement for Mr Patterson"

Well if you need a replacement lifestyle grifter to do **** all for years, you should speak to Harry Adams at KEFI. It's his speciality.

KEFI shareholders may be relieved at the suggestion that Harry moves on, but I'm sure he can continue to do **** all for years in two companies just as well as at one.

Stricken Loon (with the emphasis on loon) is chief mug of the telegram group.

Best ignored.

That's fine, but IMHHO you are relying on some dubious rampy newsflow that may not come, and a bigger fool to pay your exit price.

The fundamental equity value here is zero.

OK 7v

If you know about the related party carve ups, the near 8 figure funding by the PLC of a non-controlled associate now seeking its own dilutive funding, the on / off RTO, the long promised TFS export paperwork, the management team's perennial broken promises, the lies in RNS, the technical insolvency on the last balance sheet (delivered late), the massive unconverted CLNs ranking ahead of equity, the lack of ability to convert CLNs, the dodging a prospectus, the lack of GM authority to issue placing shares required to fund ongoing cash burn, the locked in scrip of uncertain value in a cratering share....

If you're aware of all of that and you still see potential, fill your boots.

BUT

I'd suggest there are more trustworthy management teams offering better prospects with less risk than these chancers.

So if you do load up, don't come crying if one morning you get the dreaded 7AM RNS that could come any day telling the market the equity here faces a total wipeout.

"Or ill [sic] never be done with you, and you know, i don't mess about."

Ooooo, you're hard.

Hai Karate showing his famed self-discipline again against an anonymous avatar on a share bulletin board. Sensei must be so proud of his pupil.

"Placing will clear quick"

So you keep telling us.

I think we can safely say none of the warrants at $7 and $6 will be taken up any time soon.

Which creates its own problem. The placing proceeds will be quickly chomped through. So when is the NEXT placing? And at what price? $4? $3? $0.65???

Unless the placing was forward sold at $8 and you're left holding the bag.

A scheme you know well from KEFI, Magna.