Member Info for commy

pivot.you will find that pophead posted "ZM doing very well in advanced negotiations with 2 majors. Lose more than a shirt or 10 when this one goes."
so I guess your post makes you a LIAR as well.LOL

mole.are you serious??? "We have headroom to deal with them if required - but it would be better to raise that money off someone else and then pay them off in cash to stop them getting anything else out of us."
what a wonderful idea that is.we borrow more money off someone else to pay a debt that already includes 10% interest.so now we go to someone else and pay them interest on the debt and the interest.sounds like a great f`ing plan.that way lies bankruptcy.

FFS.do you people actually read anything???dan and 1sttree.its pretty simple.firstly we "agreed this deal" we have already "given them a discount" its very simple.we decided not to pay the money or couldn`t afford to.any suggestion that YA want our shares to kepp is totally farcical.i can assure you right now dan that if we agree a "discount on top of the 10% extra already paid plus the 10 million shares to get the agreement there will be a mass exodus.and the sp will be back in the 0.1 area.

dan.you`ve read it totally wrong.YA want the CASH not shares.nothing to do with them thinking the shares will be X times what they are now.they are stating that we are in default and want the total sum owed paid in cash

ste vev.yes,yes,yes,and yes.

what is weird thiugh is the calculations on the shares to be converted.at 28th aug whick accordint to the rns is the first conversion,the amount of shares is 80m approx.the so at that time was 0.25p,so the maths make sense.the second tranchh on 3rd sept is for 93m approx. but on that date the sp was 0.42p because of the "two majors" rns.those figures do`n`t add up at all.really don`t get why frr didn`t announce the 28th aug on that date.

getting old myself.thought that was a thumbs up.LOL

coggy.no,i can`t you old git.

wow.hard to believe that people don`t get it.i guarantee you that if you check the largest trades over the last week that you will find that six or seven trades equate to exactly 64.5 million shares.ie an ii bought a tranche,the mm filled the order then another order came in fronm the same ii.the mm then had to borrow shares to cover the orders.then the increase in the spread to slow the market down.keep the spread wide for a while so as to get few buyers.then the traders see news elsewhere and move on.this then drops the sp and allows the mm to buy back the borrowed shares at a fraction below the price that the orders were filled.mm has then closed his short position and made a small profit and got himself out of the doodoo.monday normal trading resumes and we see an uplift in the sp.

honestly think that given the trading pattern during the week and the deliberately fluctuating spread that it was actually a mm caught short.no,i don`t mean that he was shorting the share.i just think that they got in a bit of a mess after the 2 majors rns.ie they received a decent size order to fill and did so despite not having any shares.they then kept getting more orders from the same pi or more likely ii.this puts them in a bind as they now have to borrow?short the share and if the sp keep climbing they can very soon find themselves in the brown stuff.
below is a link to an article that I read a few years ago which explains better than I can.
https://www.reddit.com/r/weedstocks/comments/1xydch/market_maker_speaks_out_ways_of_a_market_maker/

we can debate all week about buy or sell,but for me considering the news and the sp climbing fast than the above is the most likely reason

don`t know why all the talk of suspension.can`t buy/can`t sell happens all the time.

as for reasons for suspension,there are too many to list.was in a share where a exec had leaked info by email and share got suspended.was in another where a deal had come close to finalisation and was suspended for fear of a leak.

timster.stop boasting you rich b`stard.lol

the local off licence.unfortunately they don`t sell beans.lol

LOL facts and figures.told you guys earlier he would do this.very interesting that he was going to retire as he lives in the far east.Thailand.hmm about 3`o`clock in the morning there now.this guy says he sold and is promoting another share.yet still posting on here at 3 am.hmmm.let me think???don`t forget his "buddy" will join us soon.will be easy to spot though.

cru.nice post d-head.hope your maths is better than your spelling.F off there and don`t bother coming back.nothing worse than someone saying they have sold and then promoting another share.i would wish you good luck but I suspect you wouldn`t know what to do with it.

timster.very funny.think maybe missing my point though.for example lets assume that we made the second payment.the pref shares outstanding would be 2409 at $1000 per share.in that case if we were to continue with the further 10 payments we will pay $2.65 million. if however we decide to pay off the pref shares it would be $2.409 milliona near $265000 difference.surely this is significant for a company with very little cash.

STAR.recc`d your post though,you sarccy git.lol

to all.sorry my mistake.having re-read the agreement a realise that I was wrong.if they were to repay in full it would (assuming one payment made) equate to $2.65million to be paid.(if we have made 2 payments)then $2.409 million would be repayable.
having apologised for that I would like to go back to a point I made last month.if the second payment was made then it should have been rns`d as the redeemable number of shares would have decreased by 241 and then in that case paying off the shares would be financially beneficial to the company.

star.i don`t know mate.it is a little confusing.certainly if ya had converted then we would have had to have an rns.it should also be the case if we made a payment as the debt was reduced and the option to pay early would be in regards to $241000 less.

Richard.there is no interest.the agreement was straightforward.the total amount repayable to ya was the debt plus 10%(because the original deal gave them 10% discount to sp) plus a further 10 million shares for the new agreement.there is no point whatsoever in paying down early.

dave.no mate it is fixed." The Company will also have the right to pay down in cash the entire redemption amount for the outstanding number of Series A shares at any point." no discount for early repayment.

timster.wow you`re in the smelly stuff now.you called her "old".oh dear you`re going to get an earful when she finishes her swim.LOL