Member Info for Computer909

Likely that the placing has tipped Amati into a full scale abandonment, i was hoping their exit price was 0.6p, it could now be 0.45p

Where is @Aandi, i'll be interested in his opinion on the March financing now ?

I could do with some serious rose tinting, and the moment everything seems to be brown tinted

And no response from either

Well we aren't seeing any Institutes buying on the open market, so for every PI selling there must be one buying

Absolute irony the Kibo is +25% ad EQT -26% currently

I'm sure if the PFS is good as he makes out it will be and he shows PIs some value they won't be so keen to sell

This really is a **** show at present

We get a 10% drop yesterday when DP lets his mates have an early nod of what is going on
We get a 23% discount so the SP will drop to at least that
We get a near 9% share dilution
We get the MMs taking the P with a 22% spread

We now have investors that have seen their 24 month return zero out, which will mean their confidence will evaporate so even when we get a share price raise it will be sold into adding to the Amati drag

We now have more questions than ever on how they are managing the finances, do we have a £5M loan facility to draw down on if needed or are the Riverport conditions so restrictive we can't actually use that. What is the current burn rate needed to maintain DP's backwards momentum?

What else can go wrong ?

Since DP's arrival the company has now spent around £1M per month of shareholder cash investment and we sit with the bid at 0.45p the same as the July 2020 placing.

DP's favorite film must be Brewsters Millions, having to spend so much cash without anything to show for it.

I can honestly say i am shocked and disappointed at the company's actions and performance in the last 18 months. This isn't a macro economic affect it is management incompetence and arrogance.

So the illustrious CFO Baber, the guy who can't drive a calculator and has never seen a spreadsheet managed to find £5K down the back of the sofa, to take his holding to a massive 1M shares, no wonder his favorite past time is share dilution

Someone needs to explain to the idiot DP.

A pipeline that nothing comes out of is more commonly known as a bucket, at the moment the shareholders are holding a bucket and its full of something smelly

"The Company values its retail investor base "
"The Company highly values its retail investor base"

It doesn't look like that at the moment, it values their cash but very little else.

I think i need to stop reading the bull**** that comes out of DP's mouth, the guy really doesn't have a clue how to manage a company in a financial squeeze.

I thought he was supposed to be the Financial / private equity expert, Based on the last 24 months i wouldn't trust the idiot to walk my dog

Looks like Mike's PI bashing has had an effect though, we didn't have a single trade until close to 4:00PM today and only £12K volume all day.

EQT tweeting again

I don't know about #plasticfreejuly, it's certainly turning out to be #Profitfreejuly

"What is the date in August EQT need to pay Riverfort? 1st or 31st?"

The Initial Advance of £5 million is to be paid to the Company on 29 March 2022

The Initial Advance will be repaid on a monthly basis commencing 5 months after receipt of the advance by the Company and have a final maturity date of 12 months.

So we assume the end of August

and if, which is likely, Riverport demand the cash, are we into a standard placing at a considerable discount on an already depressed share price?

Which is the worst of all cases !

I know it may be unpalatable for us but looking again at the RNS regarding the loan, it would be currently favorable for the company to pay in shares as the reference price is based on the SP in the 5 days "prior" to the drawdown, which I don't know exactly what that would be but it was over 1p at that time.

"The Company and the Lenders may mutually agree that the Company satisfies any payment of the amounts due under the Loan Agreement by the issue of ordinary shares of €0.001 each in the capital of the Company ("Ordinary Shares") at a reference price of the average daily VWAP for each of the five consecutive trading days preceding the drawdown date of of each advance of the Facility (the "Reference Price"). If such settlement is agreed by the parties, the value of Ordinary Shares the Lenders will receive at the Reference Price will be 115% of the amount of the Loan Facility being settled in lieu of repayment of the debt."

Rather than issuing new shares the company could buy shares on the open market for anything less than 0.86p and still be better off than paying with cash (assuming the reference price was around 1p)

I suspect though as this is AIM they will simply issue new shares and the shareholders will shoulder the weight.

There is also the issue that the "Mutually agree" statement is included , are Riverport going to basically accept the short fall in equity due to the drop in SP, or could they demand the cash ?

Or am I misreading the RNS statement totally ?, As with anything EQT financing it's never simple!

Looks like we are destined to bounce between 0.6p and 0.8p until a number of things happen

i) Amati finish their offload,
ii) We close out a project,
iii) We pay the first loan repayment with cash, indicating the company won't dilute any time soon.
iii) The wider market stabilises, and more cash comes back to the equity market.

Between now and then it's just hold on and ride it out

Well it looks like Mike’s slating of PIs has had an affect, no FOMO evident even though we are expecting’ Home run’ news

https://www.compactgtl.com/#About
https://find-and-update.company-information.service.gov.uk/company/05808040/filing-history

Looks like the technology could be interesting but can't see any reference to real commercial deployment as yet (demonstration plant has been ran by Petrobras for three years they claim) , and a suspect financial position lets hope we don't end up being the one that puts our hand in our pockets to fund the pilot project again.

Another piece in the puzzle for multifaceted project capability, but again the commercials are the concern.

I'm giving them till the 18/7 before I call it late.