Member Info for D14M0ND

Although my post said ‘unreal’ about how CB has messed this up

Well the dreaming by a few I cannot believe - jeffry & Hgup ‘unbeluevable’

Teacup - it tickles me though listening to some unrealistic views - think I might stop reading my old Beano comics and just read here.

All the info is in the accounts - no money, no cash to support FB or any hard rock projects - but even so no money to keeps the lights on after the next few months

Look at the accounts Bradley and see the margins. With the huge admin costs it is not hard to work out a cashflow forecast even on a basic level and see all the cash gone in less than 12 months

Even if they turned over £10m, they still would be lucky to breakeven

Might be easier for you to click on my name and read my posts about the numbers and check - then you will realise you haven’t even started your research

I remember listening to a Q & A in August 2017 where CB said he had brought the admin costs down to £550k per year. So I am a little confused that £275k is admin costs but £550k are for operating costs as £825k was in the accounts.

Therefore, either CB lied about the size of the admin costs or he is lying about Manica being cashflow positive.
Personally I think he is wrong on both.

Now let us look at the finances :-

With cash of £1,012k plus receivables of £69k gives a balance of £1,081k
Unfortunately the payables are £623k so not paying the bills to make the accounts/cash balance look better

Well they have a cash balance overall if all monies are paid is £458k which will last about 5 to 6 months from June 30th - so company will be skint by Christmas

So CB is now looking at the work to consolidate the Manica area is accelerating and the possibility of including Fair Bride in the agreement is being considered. We expect that the fourth quarter of 2018 we will prepare a three-year operation plan together with costings.

In other words, a placing is coming to at least double the shares in issue to keep the lights on

My charting showed a few months ago that 0.5p was possible and hoped Q3 results expected in October would be good. However, after this report that is irrelevant.

So we are looking at a company I see around 0.5p with an MCap of around £1.75m looking for cash - I can see them raising ~£1m at around 0.2p-0.3p in November.

Brainer - I am retired and invest full time

I used to post on LSE and most of my views were bullish and I enjoyed the bearish view as these would help me check my own research in case I missed something. Best posts out were the bearish ones that had been researched.

But all you see is bullish views which mainly are unresearched and completely inaccurate as most cannot seem to read a set of accounts, perform their own cashflow expectations or even read the admission document. Most on here cannot anyway and clearly do not understand the business Topple are in!!

I now do all my research and chat to people on twitter where generally, both bullish and bearish views are allowed. Best research tool out nowadays.

As kitkateat has pointed out, these bearish views are just that - bearish views and not trolling

On this particular BB, there are more bearish posters than bullish posters which is very abnormal for any share on LSE. Hopefully that might explain to you that this is a POS. Someone has to researched bearish views on here to counteract the usually unresearched bullsish views on here to give an overall balanced view to those reading. They then can do their own research as work out whether Topple is for them.

Well sonic - if you do it at the ask just shows how stupid you are

Everyone or everyone should do it at the bid as you transfer more shares into your ISA - that’s the point isn’t it?

Oh dear, never mind

Thought I remembered your name from NEOS (got your email somewhere) You know that investment where you lost all your money. Be careful if you stay here too long you may do it again.

Clearly on A D V F N you were looking for the turnaround here on the 5th September and as you identified as per your posting on here bought on the 7th September. That day the low mid was 0.60p and a high of 0.825p - so let us assume you bought a little above 60p.

No wonder you are defensive. Lost over half of your investment in a few weeks when several of us identified a placing was coming at a price of around 0.3p - oh yes, I identified that - so who’s the numpty? Think I mentioned it on the 4th if I remember right.

May be you do more research before you say I am posting rubbish like rolling over stock. Let me teach you how it works. I could have £200k in a share at £1 and wish to roll it. No one will have a problem with that. I will sell it at £200k at say £1 and buy it back at 99.5p. I keep all the shares but the MM makes £500 for doing nothing. You clearly have never done it - the last time I did it was rolling over £50k in MXO a while ago - no problem.

The stock was placed on the 25th and had a timing of a T2 - hence all the rollovers as the placees could not pay. Hence so far £200k of the placee shares cannot be paid for and have rolled over - the trades are there so not making this up - WAKE UP man!!

But just for advice. If it gets anywhere near your buy in price then do yourself a favour - and sell and cut your losses

This is scary - the ones that are investe£ cannot read the trades that are going through - frightening

Sonic - they are rollovers and done loads myself loads of times - what a load of rubbish you are talking. Firstly with a rollover they are done at the offer price where as a bed & isa are done at the bid price. Secondly, the shares rolled over are the same. A bed & isa for example are sold and a lesser amount are bought back to cover the conversion charges. It is amazing how the basics are not known to at least 90% of investors. If you had done them, you wooild know. I’ve explained this 100s of times over the years

StillWaiting - good luck with your investment here as clearly you have not got a clue but Brainer is not far behind you though

Clearly a few institutions have kept their percentage position who will hold but the rest have gone to pi’s

Some have forward sold but £200k (so far) of the placees have not got the money to cover their bet so far. Seen this before and the end result never looks good. The selling pressure in a few weeks will be huge but good luck to all the other gamblers here.

Yes the more risk generally gives you more reward. That I agree on in Resources stocks but not in telecoms where the costs are known, the profit is known, increasing the revenue will increase the marketing and thus increasing the admin costs and thus increasing the loss

Partners selling Toople's services include specialist telecoms resellers, utility, chip and pin, fuel, energy and mobile providers to SMEs based in Birmingham, Blackpool, Bolton, Bradford, Leicester, Norwich, Oxfordshire, Sheffield and Havant.

Doesn’t cover much of the country in these 9 areas to provide to SME’s based in these 9 areas - cannot see huge revenues even hitting 6 figures in 12 months at a very low margin. Pay the partners their share and lucky if it takes off £10k to the yearly loss - in fact, it might even add to the losses

And many think this is a great deal - um!!

Similar to that £3.5m contract which will produce around 15% gross profit £525k - so £175k per year. Doesn’t take much off the yearly £1.5m loss

2 placees rollover their trades yesterday - 25k & 8,5k

May see some more later but they will struggle to sell them in the next 15 days - MMs will not want to hold them without the cash for that period of time.

Quite a few including those from the da6 before

Just so people understand why they roll them over is because they do not have the cash to pay for them. Some brokers let you roll it once, some twice and a small quantity more. But give this until 3 weeks on Monday and am sure many will have to close these positions which will put pressure on the SP

Bear that in mind as it looks like many of these placees do not have the cash to cover their position

Hopefully you are thinking of 1p

Otherwise a £1 SP is the biggest ramp ever 😄

Pointed thie cash position out on 14th September

Firstly the raise only was £1.97m net plus £81k I think so £2.08m but I am sure the payables are quite high with the receivables very low. My view is the overall cash position is around £1.85m and take out the payment owed to DB gives round £1,4m

So being realistic Brainer, you are around £800k out

So they have realistic cash of £1.4m, with a turnover this year ~£1.2m and losing over £1m a year and still will as no benefit for at least 6 months for the £3.5m over 3, I say 3 years to the accounts by which time most of this money will have gone.

So in say 9 months time, no cash, yearly revenue tops of £1.5m and still losing £1m and you feel this is undervalued

But as you say, a screaming buy but do not have a price target then?

But it is very accurate though Brainer - may be you research a bit more to clarify

Clearly yourself and Ironic have failed to identify your target price so although you say you are long term holders, I get the sneaky suspicion you are trading this. That is fine but you are misleading others in my view by convincing this will multibag and you holding long term

Yes if they achieve the 80bopd like I mentioned but I’m not expecting it after the history but I may be wrong.

I also read that point and seen similar comments made in reports before and then.........

With the AGM being adjourned, I see a name change, a new BOD and a good raise to put an additional cushion under the finance needs. Time will tell

Thanks for the update

With revenue of $20k is not worth worrying about compared to the admin costs of $850k which is $142k per month

Just a little curious that even if they achieve 80bopd, how can they reduce the cashburn by a third from $142k to $96k?

Secondly with £59k cash balance and raising £850k gross with net of probably say £790k gives a cash balance equivalently of £800k at the end of June. They spent £460k on the acquisition leaving a cash balance of £340k

With the cash burn of $142k the cash balance will last 3 months - so up until now. Even at $96k per month cash burn, the cash will only last until mid November, so 6 weeks from now.

Just have to hope the 80bopd start tomorrow then - traded this a few times and when it was NCT but cannot believe what the BOD are saying. May be others look at the cashflow and I see a fund raise over the next 2 months before December.

The morning it was supposed to happen

Surely not good news on the way as major shareholders not too happy with the board the way I read it. Any views?

Every share has rampers... its just selfish people who have nothing to do but to encourage the less informed investors to part with their money until their own target price is achieved and sell at the expense of those they encouraged to buy on the bullish rubbish they post ... its not ok to do it once as unresearched posting encourages the less informed who follow you to part with their cash while you plan to sell

1) you are a saint and want to be the saviour for all - making sure people invest money to multibag
2) you bought and want others to keep buying and pushing the SP up
3) you want to sell - have a target - and trying to get it there by convincing people to buy.
4) do little research and post bullish rubbish totally against what the BOD has/is performing to - again to encourage people to buy
5) post as if you are a long term investor when actually you are a day trader (babbler partly excluded)
6) just selfish and purely thinking of your own personal gains after convincing naive or less knowledgeable investors to buy near the top

Yep - definitely not a saint, have never bought in & will never buy in

So yes, it must be number 4 then 🤣

The delayed buys as you call them was from 25th

The 2 trades at 11.33 are rollovers and so are the 2 at 8.50/51. I am sure the other 8,333,333 will have another delayed one tomorrow also confirming it being a rollover. All confirming the placees bought £25k in the placing

The only buy was from the 25th for 7,500,000 but again, that was from the 25th

So you keep following the rollovers then - those hoping to not lose money over the next 20 days

Looking at today’s delayed trades, there was one at 16.20 - a sell of 2,500,000 - so may be Clanger you follow the money - those selling 🤣

Read my 16.14 post Latino

They have not sold any but are diluted because of the placing. Trium didn’t want to keep their percentage holding so did not get involved in the placing - sensible decision

They hold just as many shares as before but the % is reduced because of the placing