Member Info for D14M0ND

Wonder why?

Below placing price and with hardly any volume. Oh that’s right. I have to wait until 25th, how silly of me 🙃

Morning ERV1

How spooky. I was just looking you up to see when you last posted at the exact time you posted here. Spooky or what!!
Anyway hope you are well.

So yet another non investor that has read the prospectus and seen the multitude of red flags. There were too many red flags before but they seem happy to add loads more.

Must be the new CFO Lol

If people knew who you are ERV1 🤣

I don’t short markdods

Apologies - misprint, just missed the main word out

I have NEVER said it was a scam. Although I have said it’s a pile of shit.

I have said it was a scam. Although I have said it’s a pile of shit.

Funny enough every half year the GP margin has improved. So why have the figures not?

My main point is you see this as an investment which I personally think it is a very poor decision. If you said it is a trade then I would have no issue. But many of the bullish views on here are complete tripe and I feel the few bearish views from a few and myself may well help a few others look at both sides before parting with their money.

I hope those that do see it as a trade which in my opinion is the only sensible action. For me though, I do not trade POS

Unbelievable how you have topped up without reading the prospectus - are you for real?

Now to provide the service is pretty consistent costs and Merlin orovides the best possible price to the customer.

Now let us assume GP increases on an order of say £1m - currently the profit margin is around 14% so generating a gross profit of £140k. So an increase of 50% which is great to achieve will still only generate another £70k on an order of £1m similar to the value of the large contract just won.

Will take loads of these to get to breakeven when Toop is losing £1.4m per year. But keep listening to the CEO. He is hardly invested in here now due to his own failings but still taking a large salary. He has never run a company before but clearly showing why he should not. A bit similar to DB though.

Would suggest you read it before putting anymore money in which seems to make sense to me.

Without checking skier, the BOD and DB owned around 70%

Too much detail for me kenny - too old bud

Yep - correct Kenny

It’s very likely to happen as the FCA are a waste of time.

If it didn’t, there are only 203m shares in issue but suspect at least 500-700m are currently held due to forward selling. Can you not remember New World Oil? Same thing happened over there but a numpty bought too many shares and bought around 50% and in theory as he was over 30%, had to make an offer for the company.

It is unlikely that this would happen, but if it did, I would load up

Trying hard for what mannnan?

Wouldn’t touch this with a barge pole as this stock is a POS in my view and is very unlikely to succeed. As you say the only way is up which I have previously said with momentum it may do. But similarly it could drop down to the low 0.2s also.

But long term this is not an investment and even if it hits 0.2p I still wouldn’t buy. However, like I have already stated, I would put a huge trade in here if the placing did not happen as a huge short squeeze would have to unfold. Until that happens I am happy to place my monies elsewhere.

Still good luck though but not my cup of tea.

I use it as a check at times Scully but I do not like to admit in public

Oops 😬

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=TOOP.L

Bullish doji star - time to buy soon lol

Apart from what Kenny has put up, he has set up a few businesses for consultancy purposes

https://beta.companieshouse.gov.uk/officers/biyxycsScX6ErHc1AePZEQUpXJA/appointments

I quite agree DB was not up for it

But Toople was Cube Telecom which was purely owned by DB and as I have explained got AH to head it. Bearing in mind when DB sold he had 20% of Toop before the placing, do you think he would sell out if he felt he could hold and make money? The answer is NO.

Do you think if the CEO AH would have involved in this low placing if he thought it would be a success? YES

But he did not, did he. The man that knows more than any of us abs seemed quite happy for his 28.5% holding to now reduce it to 2.96%.

Clearly fills you with confidence obviously but for me, I like the BOD to have a good holding. And when a great opportunity arises I then expect the BOD to participate but did not!!

Do you have any reasons why he did not participate? As he is a successful man with funds available and with an experienced CFO to advise him, I am baffled 😕

🤣

I agree the CFO is new but not a new team

The CEO who set this up with DB is in charge at the IPO and still is.

It is clear from the prospectus they are looking at acquisitions that are profit enhancing. Funny enough I heard that before from DB on several occasions and that was also a failure on all of them.

What do you think you can buy with the monies they have? They currently have when DB is paid off and the payables and receivables are sorted, I think you would be lucky if the had around £1.2m spare. Also current cashburn is over £100k per month which when you look at it, they seem a bit short on funds even if it was profit enhancing.

I suspect if they go down this route, it will not be profit enhancing as per the history of this type of business as has failed several times by the same BOD member at the top and another placing will be here relatively quickly.

It takes time to sort this funding out on the main market and probably took 3 months at least to sort. I am sure the payables will be huge as they would have been skint several months ago so expect the payables to be at least £300k higher than the receivables. So do not believe the statement that the company had £81k as issued. This is meaningless without the balance of the payables and receivables.

Not really StillWaiting

I feel it necessary to post to correct misleading information as per your post saying it is a new team when it is not.

I understand you see this as a high risk investment but clearly some information posters have put on here mislead other less experienced posters and when I feel I know this company better than most, I put these right. There clearly are a few of us that post on here have similar views to prevent the capitalists living off the naive investors.

I also know why toople was set up but the history of the originator damaged peoples lives financially and emotionally by encouraging investors to put in considerate amount of money on false information directly. I therefore feel the bearish views I post will at least counteract some bullish and sometimes completely false or inaccurate information so everyone sees a balanced BB.

Although it financially didn’t affect me, I know many through messaging, phoning and attending the AGMs in the past who have been financially and emotionally affected. I therefore will continue to pass information on for some that do not have time to do their own research. This has been going on since early 2013 and so is difficult to find out unless you lived through it. Hope this at least explains why I post here but I post not to stop people investing, but have enough information with their own research to see if it suits their own investment criteria.

But good luck with your high risk investment here and as you say, hope you are here in 12 months and see what happens. Think the SP will be way below here and not anywhere near a £100m company

The last 3 full half years since the IPO

Half year to March 2017

Revenue. £654,721
Cost of Sales £572,687
Gross profit. £82,034
Admin Costs. £661,983
Loss £579,949

Half year to September 2017

Revenue. £626,451
Cost of Sales £549,000
Gross profit. £77,271
Admin Costs. £881,309
Loss £734,038

Half year to March 2018

Revenue. £689,769
Cost of Sales £606,816
Gross profit. £82,953
Admin Costs. £770,897
Loss £687,944

So no change in revenue, no change in cost of sales and gross profit almost identical. But the admin costs have increased since the IPO and so have the losses

I feel the half yearly results up to March 2019 incorporating the last contract will show larger cost of sales in proportion to the revenue increase and together with increases in admin costs, the losses will be much larger than the most recent half yearly results.

This alone will make a large dent into the cash being raised. However by the time these results are issued, a huge placing will have happened at a much lower price by then.

Mistake sorry 0.325p not 32.5p - retyped below

And now plans to issue a further 750m shares at 0.3p valuing the company @ 0.325p at £3.1m based on a single contract worth £1.2m per year which will generate £180k of gross profit but still giving a yearly loss of over £1m.

StillWaiting

It is not a new team - the man in charge is the CEO Andy Hollingworth

He has been there since the IPO and here is the RNS of the first day of dealing on 10th May 2016

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=TOOP&ArticleCode=f8bpgp9d&ArticleHeadline=First_Day_of_Dealings

So Andy Hollingworth was the CEO with 100m shares in issue valuing the company at £8m with an SP at the time of 8p.

He then proceeded to devalue the company by issuing another 103m shares by more than doubling the shares in issue and drove it in August this year to 0.2p, a drop of 97.5% valuing the company at £400k

And now plans to issue a further 750m shares at 0.3p valuing the company @32.5p at £3.1m based on a single contract worth £1.2m per year which will generate £180k of gross profit but still giving a yearly loss of over £1m.

You think it is a new team? Yes a new CFO, a number cruncher, well one that can add up anyway but the man in charge is still the original CEO AH.

So the past is terrible, losing 97.5% of shareholder value, completed diluted the shares since IPO from 100m to 952m, the same man in charge so not a new team at all, and not a new approach as tried in Coms and Cube Telecom.

Why do you think DB changed the name from Cube telecom to Toople?

Answer is it failed but didn’t want to lose everything. So joined the main market but could not be the CEO probably due to his antics at Coms. The only way he could make money was to put AH in charge with a 28,5% free holding in Topple and sell Merlin to Toople well overpriced and leave AH in theory in charge.

DB sold out at a huge profit as he bought at 0.0667p and probably made an 8 fold profit while all other investors lost 97.5%.

Andy Hollingworth is on his own holding the baby with his free share holding pretty much worthless at £85k when it was worth £2.28m

The company strategy is not disrupting the sector in my view at all but taking on contracts with too small a margin and too many overheads to control it to make money. DB failing philosophy since day one.

It was worth £400k and you feel it could hit £100m+ on a small contract with many others to follow. Although you say it is not for the faint hearted, surely there are a multitude of companies that are a much safer and better bet. And within months - unbelievable!!

Anyway, I hope your research and knowledge in this industry serves you well here