follow up1 Jan 2017 11:46
A new year follow up to my previous post where I said it is all about doing one's own research, and comments on this board should be taken at face value and checked out by any individual that considers to invest. I have done some research myself as I was trying to make a case for an investment here, I have a question to ask the informed. Yolo made an investment in GFINITY as pointed out by Jarv55 in his post, this was done through placings Dec 2014 and Jan 2015, an investment at the time of 2.75% share capital, this was done at a price of 17p. No further investment has taken place by YOLO in GFINITY as far as I can see in my research, someone correct me if I am wrong. However there was another placing at 5p in July 2016 supported by existing shareholders including Nigel Wray who by the way has a holding in Yolo, as far as I can see yolo did not subscribe for any further shares at 5p, is this so?? they initially invested at 17p and appear to not have taken up further shares at 5p which to me was a gift, if they did not take any further shares at 5p, why not? it would appear Nigel Wray did?? the Gfinity shares now stand at 14p which is nearly triple the 5p placing price, but below their initial buy in price, is this good investing by YOLO, to pass up the chance of buying shares at one third at which they initially paid? Nigel Wray it appears has a holding in both yolo and Gfinity. I need to understand why YOLO did not subscribe for further shares in Gfinity at 5p as it would appear to be a massive mistake on their part. Please check for yourselves the content of my post, I may have missed out on something in my research, that is why I ask the questions.
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