Member Info for Chauvelin

The chances of the Sheik buying a significant stake , and changing the name to his own, purely for a trade , are about zero. So almost certainly something is going to be reversed in or acquisitions made . There seem to be a number of possibilities as to why he wanted this company as his vehicle . All the various options that I can think of are very good the indeed , so until it becomes clearer , I will stay onboard, on the basis that it could just turn out to be a truly spectacular run . I’m in at 0.6 from a while ago and am hoping not be underwater for very much longer !

Bound to be some profit taking soon , prior to next leg up in my view

The Sheikh has 29.9% , perhaps now via his friends & associates , he is in effect merely averaging up in order to gain as much control as is possible , and ensure he will be able to get any plans he has for the company through without any interference from shareholders. And also make it worth using as the vehicle for injecting substantial assets in Nigeria into ADM . The consolidation will obviously attract more institutional type investors, but if they get it on the main market with some serious assets in it , all the funds that aren’t allowed to invest in AIM shares for obvious reasons, will be compelled to buy shares as they often have to have a spread of investments in this sector accross all players dependent on the weighting that they apply to oil& gas investments . So it could be a case of simply securing all loose shares they can prior to any fundamental and company changing announcements , such as an asset being acquired or injected , and an application to go onto the main market post consolidation and acquisition , in order to gain considerably more liquidity , credibility, and also fund raising ability for further expansion. Therefore this is possibly very early days for ADM if the above falls into place and we are lucky enough to still be on the sidelines !

They do seem to have a solid plan , and are implementing it exactly as they said they would ! Quite rare these days ! Personally , I see a lot of upside here, and very little downside .If they can keep these acquisitions going and acquire enough further AUM ,together with their new products , then I can see a major rerating in the near term .They appear very undervalued in comparison to their peers!

I agree with the leak prior to Agm theory , so maybe some decent news finally and a Re rating back to sensible levells .

Yes , someone obviously thinks there will be some action of some sort coming .

Hopefully with cash in the bank and the stated acquisition strategy etc , we will see some good moves soon , that will create some action with the sp . Looks very cheap at these levels to me .

I got my Oculus Go yesterday, had a load of friends over last night , we all had a go on the Melody app , everyone absolutely loved it ! So I’m convinced this will be huge . Not relevant I know but the Rollercoaster app is also amazing and really has to be experienced if you’ve got the kit .

Be quite handy if one of the major artists tweeted that you can buy shares in Melody VR quoted parent company EVR Holdings and suggested it might be a good idea ! Be entertaining to see about 10m followers piling in !

With the arrival over the next few days of the majority of the headsets that were bought at launch , assuming they are anything like as good as the reviews suggest , then there should be a serious Twitter fest of positive comments by both users and hugely influential artists , with massive followings etc . So this weekend will give us all a very good feel for how quickly this could take off and be fully embraced , .If the general buzz amongst concert goers goes truly viral as expected, the sp is very unlikely to be sub 20p next week as the revenue potential is off the charts . The headsets will be passed around by owners to multiple friends to show them off , so for every one sold , it will be demonstrated to probably about 5 other people . I would love to know the sales figures to date .

Rather than texting the minister , perhaps Manduca would be better off getting on a plane , apologising for everything, and trying to sort this mess out face to face ! It's getting farcical ! And Manduca is coming across as a bit amateurish !

Johnny , I agree completely with your point on future disclosure of information, there is now no such thing as price sensitive information for them to be concerned about , as we sadly don't actually have a price that can be effected ! It should be all cards on the table , on their return !

The actual Costs of getting a MAIN market listing is about 7-800k , a cash shell can usually be picked up for about the same as the cost prevailing at the time . For the MAIN MARKET , NOT aim , the exchange like to see companies with a market cap of in excess of £100m , if they are much smaller than that , they should be on the more junior market , ie AIM . The exchange is trying to clean up the aim market and get less Cowboys on , so it's much harder now to get an aim listing than it was . And the Main market is even more of a challenge. Hence the attraction of finding a clean shell for some .

If PRG secured the finance , they themselves could always very quickly reverse the private company into a shell , either Aim or main market to avoid the time and hassle of reapplying to either market . They have plenty of options IF. they get the finance !

Generally in excess not genetically!

To get a listing on the MAIN market , the market cap has to be genetically in excess of £100m , it's actually normally more like £200m for the MAIN market , and about £10m minimum market cap for new entrants to the AIM market . If we don't get anywhere with funding I completely agree that we will have some value as a relatively clean shell , they often go for about 500k premium , as it saves the costs , hassle and time of getting an AIM listing and is instant .

With sensible funding in place , the price should be in excess of 10p , subject to them securing Mothae . And there will be a modest placing at some stage in the process I imagine.

If they are successful in obtaining funding and relist on Aim , the market makers will make the price , and with funding in place it should be a double digit sp . I'm surprised they mention the main market as well as Aim , as the costs to get on the main market are around £800k as a minimum , and the cost of maintaining the listing at least £300k pa . Tend to have to have a market cap of well in excess of £100m as well . It's all about getting the finance as always ! And in this case also about still being able to secure Mothae when the finance comes through .

If we Delist as expected, there will be no share price at all ! We will be a private company . Our investment unfortunately will be completely illiquid . Old broker ratings won't be relevant after tomorrow, unless we have a new nomad in place and survive delisting , and we won't get the nomad without funding . So no money means no nomad , and no nomad means delisting ! We just need a miracle prior to the market closing at lunchtime tomorrow , that's all !

Philphil . To suggest that my comment that it will cost about £300k or more to get readmitted to aim is a lie is exactly what I would call irritating ! When anybody with in excess of two brain cells to rub together can easily check the facts ! I see you are now anticipating a few hundred thousand having increased your original estimate from less than £20k ! The only advantage and upside I can see from getting Delisted and this board being shut down , is not having to read your childlike , uninformed , and misguided drivel !