Member Info for D14M0ND

In the placing

588235 shares at 8.5p is £50k

Notice you never commented on his lie in the September interview where he overstated the retail margin by 40% in an interview when the accounts due that months showed considerably less.

Totally misleading his shareholders - not that this is the first time though.

However I do agree with you getting the authority to issue shares to prevent an EGM. Trouble is, with the huge administrative expenses, huge losses and massive digital marketing costs, there is no way they will get to cashflow positive once DB is paid.

They needed this authority in order to pay DB in my view - when they raise it could be in the next month or 2 or later in the year when the funds are running low by paying off the debt. However, these will be issued by the next AGM even though several of you think it is not needed as you believe everything AH has said.

One thing I learnt a while ago, a CEO will only tell you the bullish comments as they are the biggest salesman for the company. But you believe every word he says - much easier to get closer to the truth by performing a cashflow analysis together with the figures issued in RNSs together with the accounts - looking at Topple it is all clear to me.

Let us see the half yearly figures upto Friday but probably will not be issued until May

But sold them at 13.14 today just over 3 trading days later. Clearly thought they had made a mistake and took a loss of £1,470.

May be they bought too early?

F458 - may be you feel a plonker - why do you think item 6.2 in the AGM (requested a few weeks ago) was required to gain authority from the shareholders to dilute the shares in issue by 20%?

AH tells porkies in interviews as they are not regulated like they are in an RNS - remember last September AH said in an interview that retail margin was 30% and the final results that finished in September the same month showed 21%. So his margin he quoted was 40% higher than actual - very large error.

Now regarding further funding. AH has said there is no need for further funding and referred back to the last fundraise saying the monies are enough to get to cash flow positive. They may possibly well be (not according to me though) if you ignore the loan of over £600k owed to DB.

It is very clear to me that an additional 190m shares will be issued ahead of the next AGM. Monies available once DB is paid, is not enough to get to cashflow positive with the huge digital marketing expenditure they must currently be spending.

But l will continue to reside on a completely different planet to you. I live on a lovely planet which is the third planet from the Sun and the only astronomical object known to harbor life. And you? :)

Looking forward to an update from you - be nice to know the numbers and not the percentages.

Sure they are still around 300 retail customers per month so growth is linear at best and not exponential. At least you have the knowledge to ask the right questions as most here are talking some utter rubbish. Enjoy your day

Can you not read item 6.2 where they want authority to issue another 20% more shares F458?

They would not want authority if they were not planning a further dilution

“the allotment (otherwise than pursuant to paragraph 6.1 above) of equity securities up to an aggregate nominal amount of £127,314 being approximately 20 per cent. of the current issued share capital of the Company.”

They couldn’t provide new contracts for each month - why?

Easy really, they were poor and so compared them to a year earlier when they were not really gaining new customers, so they used percentages instead of figures - clearly too many things to hide.

RP has 23,750,000 founder Warrants exercisable at 5p which expire on 17 March 2020

“On 18 March 2015, the Company constituted 26,750,000 Warrants on the terms of an instrument under which the Company issued 26,750,000 Warrants to each of the Founders. Each Warrant entitles the Founder Warrant Holder to subscribe for one Ordinary Share at 5 pence per Ordinary Share. The Warrants are exercisable at any time from the date of A d m i s s i o n to the fifth anniversary of Admission. The Founder Warrants are equal to 57.22% of the total ordinary share capital assuming full exercise of the Founder Warrants;”

See page 65

http://highlandsnr.com/wp-content/uploads/2018/12/HNR-plc-Placing-and-Admission-20-March-2015.pdf

JJAL - if you look at the RPS report regarding DTU, the revenue HNR would receive per Well is so small in reality to the volume of Nitrogen required per well.

As soon as the company said last year that they needed a cheaper source of a Nitrogen to appease some customers, that said it all.

There is no point discounting the sale of Nitrogen to fund the DTU project due to the small income for each well. It would be much better to ignore DTU and sell the Nitrogen to other markets without any discount and earn considerably larger revenue and thus profit with considerably less effort.

I’m a total fool for not investing then? Lol

As you clearly are unaware of my posting about Toople on here and on twitter, I have been bearish since the IPO at 8p back in May 2016. The reason being, this is the third time this has been tried if you read the prospectus’ and failed. may be you researched DB a bit more accurately. This is a company I wouldn’t invest a penny in. Why? Because I have started a limited company from scratch into profitability so I am fully aware of my own abilities. But although you have done some research, I feel you need to do considerably more to catch me up on Toople.

So bearing in mind the SP has reduced by nearly 98% since the IPO, I think I may have been slightly accurate. But what has changed? Nothing apart from higher marketing spend and higher admin costs. Yes the revenue will increase but at such a slow margin, much more money will be required and at least doubling the shares in issue will happen in H1 2020 by which time Topple will have already increased the shares in issue by 190m, a further 20% dilution.

Now referring to my post back in August really tickles me. I had been predicting a placing around 0.3p which many bullish posters just laughed at me. Oh and what happened? The BOD on 11th September issued an RNS with a huge discount issuing 4 times as many shares to raise £2.2m otherwise they were bust.

So at 0,2p which the SP of the company hit valuing the company at GBP410k, a huge dilution is coming (which did as above) to keep the lights on.

Looking forward to Sept 2020 then F458 just to remind you.

How can they? The lowest price ever reached before today since the IPO was 8.625p back in December I think. Before then, it was around 9,5p a few months after the IPO.

So no one is really in profit except a few that have traded it.

But HD - keep waffling your bullish views that have trapped so many here and you still continue to do so. Unbelievable - you should be holding your head in shame.

Yes I am aware you are a large holder but may be look at both sides for a change and stop spouting complete rubbish talking your own book for years. Clearly I do not but you never know, if I can buy around the 7p mark, I may be in for a trade.

But look at it sensibly, more money will be required later this year as it will take 2019 to become breakevem if their analysis of this project works to plan. The ED revenue in my view will still not cover the overheads but at least they have more time.

Now I watching to reach my goal after watching for nearly 2 years - so continue to ramp like you have done for years which will probably mean my target buy in will be met.

Just remember since September, all the bulls saying the SP will be double and get to 1p - over 6 months later and the SP still struggling. Wonder why?

Oh yes, the company wants the authority to issue 190m more shares as per the AGM on Friday to probably pay off DB. May be people are looking ahead to pay back the ~£600k of debt.

So clearly not many are looking at the rubbish posted by F458 who talks complete crap. The £3.5m wholesale agreement will only generate £350k over these 3 years and will not generate income for the first 6 months. But clearly will do now after 7 months since Aug 29th RNS.

Well, as I have mentioned before, year 1 I expect £500k revenue giving gross profit of just £50k. Year 2, £1m revenue generating £100k and year 3, revenue of £2m generating revenue of just 200k which is a long long way ahead. Now these figures are purely estimates from the BODs and suspect these will be much much lower not that it makes much difference compared to the huge administrative expenses and losses of £1.4m.

gcaddy - may be you reread my posts

But I thought I would clarify my post from 30th December titled “Risky Strategy in my view”

“With such a small cash balance with the revenue from ED reducing week in week out recently, the cash will all be gone by April without any further large revenue stream really.

I would have raised in 2018 with the information that is publicly available but hoping RP has something up his sleeve and a large revenue stream from Kansas will be generated over the next few months. But will Highlands need to invest in this project further to create this income?

Hopefully these figures will be of use to some. Clearly seen a few nervous investors getting out over the last few months. Were they right? Hard to tell but it is easy to buy and very difficult to sell any volume which has continued for weeks and months.

It is possible that single figures could be back soon and attacking 8.62p, an all time low since the IPO. I started investing in the first week of the IPO and tripled my investment between 9.6p to 9.7p. It never went below 9.5p until recently.

The major concern is if Highlands do need funds, the market will know about it and putting pressure on the SP. Clearly looking at trading over December where you struggle to sell any volume at all, I feel the market knows. Leaving any raise to 2019 just means my 5-7p raise is even more likely.

The company in the short term are risking everything on a good deal for Kansas and just have to hope, the figures work out. But at least Highlands have an excuse and just blame the oil and gas prices and not their risky strategy.”

And Barn - that is exactly what I and many have said - This is a placing to support and develop a new business and revenue stream

Well it definitely wasn’t me

Now think of those that flew over to the USA - they had to pay the flight costs and the BODs filled them with only the bullish news which they have passed on both here and suspect on the twitter group. Those that listened to the ramps I really feel sorry for JJAL and more should have listened to you.

Now they have returned the BODs make them look stupid, cost them flight costs and increased their losses here further. Great work RP.

Trouble is those with bullish views deleted many of your accurate posts as well as many other bearish views. Hopefully they are holding their heads in shame

I’m clearly on another planet BD6 - all mash get smash

Then the best thing for Toople to do is keep quiet and issue no further RNSs regarding progress.

Once H1 is finished at the end of March, they could then give an update on H1 results in April or May which hopefully pushes the price up. Then a fundraise of approximately £600k at around 0.3p can be used to pay off DB leaving them with more cash to progress their strategy. Funny how issuing 20% more shares around the current share price will clear the loan to DB.

At least then the cash left in the bank, even with the huge marketing expenditure on top of the massive administrative expenses, will mean they have much more time (another year) to prove the strategy is correct after trying it so far for 3 years. With this in mind, if margins improve further and they gain much more than 300 customers per month, the monies may well last with this additional raise until Q2 of 2020.

But the trouble is the CEO has repeatedly said no further fundraises are required as the monies already raised will be enough to get to cashflow positive. The loan for DB has always been a debt and cannot be used as a get out clause for the next fundraise but am sure the BOD will use it as an excuse. But bearing in mind the lack of clarity and changing and mistruths of figures quoted by the CEO on top of the discrepancies over the different prosoectus’ for the last 3 years.

If they raise these additional funds as above, then any further raise will not be until Q2 next year. This additional fundraise, which was not expected by investors or foreseen by the BODs (unless they did not tell the full truth) will just mean the huge raise near the nominal value will be delayed to 2020.

But I suppose the actions by the company and the CEO are perfectly fine and acceptable to everyone? - to me though, they are not having followed them since the IPO.

BD6 - yes raising £127k is laughable

But I think you may have missed my point. This will not happen but in my view they will need to raise considerably more money around the nominal value in my view which I have said since September.

Hence they will need to have an EGM to have the authority to raise even more money while the share is consolidated. My view is they will at least double the shares in issue to raise at least £1m around the nominal value.

That is why I said
“My view is before the year end in September 2019 as specified many times since last September and close to the nominal value price. But the £127k will not last long so an EGM and consolidation will happen before then.”

Oh dear arcticpuffin - can you not read the info provided by the BOD? So you think my 11.49 post is rubbish as you say.

AGM says they can issue 190m shares as per the resolution 6.2 - perfectly written as per the BOD resolutions issued - so PERFECTLY accurate.

My next point and only other point was the TOPPLE owe DB £606,756 which he can request on 10th May, the third anniversary since Topple was admitted to AIM - so PERFECTLY accurate.

I have even copied and pasted these items from both the September 2018 Prospectus and the AGM resolutions, both issued by the company - so PERFECTLY accurate.

I can only therefore assume that you think the information provided by the company is therefore ‘screeds and screeds of rubbish‘ as all I have done is quoted the information provided by the BODs.

I also informed you in my 17.27 post that I post on upward days like the last 3 days I have posted here.

But clearly you provide nothing of interest to this board, of which has no relevance to Topple or any benefit to either investors or potential investors. Looking at your history, you clearly do not seem to have any knowledge at all with regard to investing but I have provided a quick link for those that are interested to see what a numpty you are.

http://www.lse.co.uk/member-info.asp?nick=arcticpuffin

Bradley - the last time I posted here was 10th, 11th and 12th February when the SP rose from 27p to 31p when all you deluded rampers were here. Just had to post then to put a bit of balance on this board and some of the stuff posted was complete rubbish.

So your silly comment about I only post when the SP falls is again, rubbish. Just like you keep quoting about the next placing has not happened yet - well it will not until they run out of money and always said from last September a placing will happen within the next 12 months. Why? Because the additional marketing spend on top of the huge administrative expenses on such a small margin, the money will only last 12 months.

With all the info out there and with the BODs wanting to be able to issue another 190m shares as per 6.2 resolution at the AGM, May be you think why when in theory, the last fund raise was to achieve cashflow positive - more rubbish spouted off by the CEO. Just like in September the margin was 30% on retail when the results show 21% - now that makes a large difference to the gross profit margin. Now look at the admin costs and what happens to the net profit - of yes - yet another massive loss in 7 figures.

AGM on March 22nd resolution 6.2 says

“the allotment (otherwise than pursuant to paragraph 8.1 above) of equity securities up to an aggregate nominal amount of £127,314 being approximately 20 per cent. of the current issued share capital of the Company”

With the nominal value of each share being 0.067p means Toople will be given the authority to issue 127,314/0.00067 is 190m shares, as it says, approximately 20 per cent of the current shares in issue.

Funny though that the CEO and many posters here expect no further fund raises as they will be cashflow positive.

The September 2018 Prospectus said
“The liabilities of the Group have increased over the period covered by the Historical Financial Information, largely due to the increased level of borrowings, represented by the Founder Loan, made to the Group by David Breith to support the launch of the Toople business. The loan balance owed is £606,756 though the net present value was £544,296 as at 31 March 2018. The loan is interest free and is not repayable by the Group until 3 years after the date of 2016 Admission.”

But they timed the AGM well as just after this, in around 7 weeks time, the 3 years since the date of admission is up on May 10th 2016.

I am pretty sure that DB will want his money back ASAP since he sold his 39% holding on admission last year.

Now where and when do you see this raise coming? My view is before the year end in September 2019 as specified many times since last September and close to the nominal value price. But the £127k will not last long so an EGM and consolidation will happen before then.