Any hint of pessimism garners a salty response from some of the posters on this board, held this for a few years btw. Thanks for the advice "revaluating you’re wife remeber when she was your girlfriend lol" Surely that one has got to be right up there with some of Buffett's investment quotes...
15p bid when you could have sold for 20p 10 days ago is a tad disappointing, I guess people want to start seeing some revenue from these companies but I feel the absence of the FDA approval on the oxygen concentrator is the drag on the sp.
It's more about the salt for me personally, hopefully we're just waiting for the ink to dry on a few contracts Manzanilla has hustled for us, salt doesn't sound as sexy as FDA clearance on a medical device but imagine a McDonalds contract or Walkers crisps etc, Microsalt has been around for a while but they couldn't make it stick to the snacks - Manzanilla was well aware of all that but when he saw Salarius and their patented version with added organic binders - he got on board and also put money in himself. GLA
1. Money invested in sham overseas companies that no one can do due diligence on...
2. Share price on a downward trend over the years with brief pumps on the way down as they introduce another sham to pull in new money....
3. Constant dilution to raise money, which is never used to grow the business just line the pockets of the directors...
4. When the shares in issue become too large, consolidate and start up the confetti machine again....
4. Director salary increases while shareholders lose money...
5. Make a few 'token' director buys now and again to give people hope (The money used is just a fraction of what they have fleeced out of people)...
I guess the people who have been around AIM for a while wouldn't touch any Lenigas, Harris, Strang shares with a bargepole unless it was for a quick trade as the general consensus seems to be that they are a bunch of crooks...
Feel free to add to the list any of the tricks I've missed off.
Wouldn't they approve the devices they're already aware of first ? The devices they have already tested ? Things are starting to look a bit suspicious here with regards to all the "FDA news imminent" stuff, anyone hoping for a NCYT type rise could end up very disappointed, the Microsalt & SaltMe looks good though. Hopefully I'm wrong with regards to the oxygen devices but Belluscura have been talking FDA approval for about 2 years now....
So the FDA will approve this https://www.usnews.com/news/best-states/minnesota/articles/2020-04-15/fda-approves-low-cost-ventilator-developed-by-u-of-minnesota but not Belluscura's device ?
That's a no then, CC still ripping people off and making investors (or should that be mugs) miserable, of all the opportunities out there in the markets at the moment I've got dead money sitting on a massive loss here, no one to blame but myself though.
19th Feb 2019
"They are currently developing a proprietary oxygen concentrator system with a planned commercial release in 2019"
25 February 2019
"Belluscura seeks to receive 510(K) clearance from the US FDA in Q3 2019"
26th Jun 2019
"on track to receive FDA clearance later this year followed by commercial launch in H1 2020"
3rd Mar 2020, massive demand for ventilators/oxygen products all over the world but still no news, if Belluscura's ventilators are as hot as they're making out, would it be feasible to take your business to another part of the world and refuse to be bent over a barrel by the FDA who are probably akin to a mafia ?
Is anything going to happen with this absolute garbage, apart from the price tanking ? What happened to all the hot air about raising GBP 4 million to be satisfied by the issue of new ordinary shares at a price of GBP0.001. Is that now realistic when we're currently GBP0.000035 ? (x28 the current price)
"Subject to successful due diligence and the execution of transactional documentation, Block Commodities had agreed to pay a premium of GBP 10,000 for a 90-day exclusive option to acquire the Sales Shares for a consideration of GBP 4 million to be satisfied by the issue of new ordinary shares at a price of GBP0.001 upon exercise of the option. This is at a premium to the share price of Block Commodities Limited which was GBP0.0003 when the shares were suspended on 21 September 2018"
I'm under the impression a verbal agreement has been made to extend the 90-day exclusive option. All this sounds like typical CC bullsh*t to me.
Who knows ? Maybe you could try a psychic or palm reader...but they may not be working at the mo because of Covid-19 (2m social distancing and all that) then there's always Ebay, see if there's any crystal balls going cheap. Based on past performance though...we'll probably hit a new ATL.
Seen as though the last raise was at 0.037p, I'd say the performance of Gun has been pretty abysmal, a 78% up day is welcomed but there won't be that many who are happy with a 0.0085p bid when we've got the share restructuring on the horizon (New Ordinary Shares and Deferred B Shares) which I'm sure will be accompanied by a raise and massive dilution, It's the same old story on Aim, LTH's get hammered while placing flippers and traders who wait on the sidelines for a cheap entry are the ones who see a profit, although in the case of Gun I don't think we ever went back above 0.037p.