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It was certainly asked a while ago and an update around the strategy for the fund was going to be forthcoming along with an update about the AUM injection. We then haven't received either so definitely worth querying with IR I'd say.
On a slightly more helpful note, here is the current AAACX figures: https://markets.businessinsider.com/funds/alpha-alternative-assets-fund-us00216g1040
$18.786M now invested in the interval fund AAACX so they're doing something right:
https://markets.businessinsider.com/funds/alpha-alternative-assets-fund-us00216g1040
Yeah I've had that debate with him a couple of times now. Broadly their view is that the broker note contains all the information we'd get in an operational update with the broker having extra scope to include forward looking estimates etc. that the company isn't allowed to issue themselves.
Don't get me wrong I like the broker notes and there's loads of really important information in them but I'd rather we had both.
Broker Notes are being used as the mains comms mechanism for shareholders and the latest one was in November so not that long ago. All are held here in case anyone hasn't seen them: https://www.allenbycapital.com/client/alpha-growth-plc/
Next two updates I'm expecting are the completion of due diligence on the latest acquisition target combined with details on the scale of the target then an update on the large inflow of funds into the Interval Fund which now seems to be up to almost $20m. https://markets.businessinsider.com/funds/alpha-alternative-assets-fund-us00216g1040
Definitely agree that patience is required here, hopefully without the tears :)
I get where you’re coming from and they certainly could have added a statement thanking shareholders for helping to get the company to where it is today.
However I don’t believe the 3p warrants were a deciding factor for many of the investors back then, many if not probably most of them have subsequently sold their 2p shares (some during the spike to 8p) and given where the shareprice has been for the past 12 months they’ve all had plenty of opportunity to buy shares at well below the 3p the warrants entitled them to buy at if they’d wanted to.
Now I’ve been holding for 4.5 years and wasn’t invited to take part in the raise as I wasn’t know to the board back then so I’ve a biased viewpoint but removing the potential drag factor of 187m extra shares at 3p is a huge positive for all current and potential new shareholders.
The 2x 750K?
We had a period where it happened consistently over a month or two as there was some pretty serious acquisition going on but certainly nothing similar recently.
Guess we may see another TR1 holder joining the current four.
I don’t expect any immediate movement by the end of the week but happy to be proven wrong.
Two thoughts though:
1. If I was on the Board and I had some positive news or developments to announce, if I were allowed to, I’d be holding them back until the Warrants have gone and we're in the New Year. Any rerating from them expiring would be a great platform for further increases to build upon.
2. The Warrants being off the table could well be a precondition to an institutional investor coming onboard. Attracting a significant name has been a target for the board for a good while now and mentioned at previous AGMs. If not a precondition then it certainly makes Alpha an even more attractive proposition to them IMO.