Member Info for cheeseburger88

It does look like the Poddar Crime Family have lost the trust and confidence of shareholders.

RBG's RNS won't help the fundraising. I would not be surprised if the fundraising quantum and pricing changes over the coming months.

How high could this go?

It looks as though it almost hit 6p a couple of years ago from the chart.

Feels like this is just the beginning.

It seems that we won't know until September if the fundraising will be successful.

From the RNS:

The Issue Price represents a premium of approximately 30 per cent. to the mid-market closing price on AIM of 3.85 pence per ordinary share on 21 May 2024, being the latest practicable business day prior to the publication of this announcement.

Whilst the funds raised pursuant to the Subscription have been conditionally raised subject to the terms of subscription letters entered into between the Company and the subscribers, as at the date of this announcement, the total funding proposed under the Fundraising has not yet been raised and there can be no certainty that the Fundraising will proceed in line with its proposed terms or as to the amount that may ultimately be raised pursuant to the Fundraising. The Fundraising is not being underwritten by any person. The Subscription is not conditional on the issue of further New Ordinary Shares pursuant to the Fundraising (excluding the Subscription Shares). The obligations of investors pursuant to the Subscription will not be affected if the Fundraising (excluding the Subscription) is not completed for any reason.

Admission

Application will be made for the Subscription Shares to be admitted to AIM ("Admission"), which is expected to occur on or before 2 September 2024. A further announcement regarding the settlement of the Subscription and Admission will be made in due course.

1.5p coming next after shaking off that sucker punch from Jennings. MMS have very little stock so it won't take much to push higher.

this one is on the radar of ************* and is down 50%.

does anyone know what is the point of many of these aqse listed companies? 99% of them are illiquid, unable to raise money and appear to not have viable businesses.

A quote from the RNS: "The Directors have been told by Mr Zamboni that (i) RegTech Italy's ability to advance monies to the Company under the SLA was dependent on RegTech Italy receiving cash in return for selling shares in the Company..."

Does this mean that you traded with information about a potential placing and such knowledge was not in the public domain? Is that even legal?

There must be a risk to Optiva's business that they will lose more corporate clients as their clients need to do placings and if Optiva can't do that the client has to go elsewhere to brokers like CMC Markets who can do quick discounted placings.

This looks like a significant step forward in the right direction.

The results don't read well. Things are clearly not looking good for the Poddar family business. Could be a big drop coming today.

🍔🍟

You have a point. If they had agreed to not sell any shares for one year it would have been more convincing.

Is there a connection between the Put Option and the TR1 seller today??? Put Option announced that brings volume followed by a TR1 from a seller with a spread betting account. Could this mean the spread betting account holder sold into the volume created by the Put Option RNS?

Won't Glencore just do a deal whereby they agree to take the assets for peanuts?

With this type of stock it is a case holding as eventually there will be a catalyst that will cause the shares to go on a run and most likely it will take everyone by complete surprise when that happens.

Interesting points. The gallows were last used in England in 1964 so not that long ago all things considered! On a more serious note, I would think they will have to RNS soon. What could possibly be the problem with the audit?

Any idea how long it could be before small scale production or open pit mining could begin?

Nice RNS. Nice share price move!

I think you maybe right. With all debt overwhelming the current market cap there seems very little point this remaining a PLC unfortunately.