Member Info for davey50

Think this might go on a decent recovery run once the overhang is cleared.

Lots of bombed out stocks see huge gains this morning

That's the market these days. When I bought 3 x 500k at 0.355p and 0.38p it went 4 hours without a trade then somebody 500k at 0.377p, now at 1.1p people are piling into it buying size

Just noticed there is now 4 mm's in the stock from 2 which means a much better spread most of the time.

2.5 mil worked sale at 1.7p that is more like it

Hidden in the results waffle is a proposed disposal for over £11 mil. I'll have to look closer over the weekend. I mean if it was a slam dunk I would be buying size right now but I'm cautious in everything

(4) Proposed disposal of OneShop Retail Sdn Bhd ("1Shop") and proposed joint venture with Super Apps Holdings Sdn Bhd ("Super Apps")

On 19 October 2022 M1 Malaysia entered into a Share Sale Agreement with Super Apps for the proposed disposal by M1 Malaysia of a 60% shareholding in the Group's wholly-owned non-core subsidiary 1Shop to Super Apps (together the "Proposed Disposal"). Concurrently, M1 Malaysia entered into a Joint-Venture cum Shareholders Agreement with Super Apps and 1Shop (together the "Proposed Joint Venture"). The Proposed Disposal and Proposed Joint Venture are inter-conditional in order to establish a new joint venture to expand the Group's e-products and services business initially in Malaysia.

The Proposed Disposal is subject to the completion of a merger exercise between Technology & Telecommunication Acquisition Corporation ("TETE") and Super Apps (together the "Merger Exercise") .

Pursuant to the terms of the Proposed Disposal and subject to the completion of the Merger Exercise, the Group is expected to receive cash proceeds of RM40.0 million (c. GBP7.53 million) and RM20.0 million (c. GBP3.76 million) within 14 days and 180 days respectively of completion of the Merger Exercise.

-- Proposed Disposal

1Shop is incorporated in Malaysia and is a wholly-owned subsidiary of M1 Malaysia. In light of 1Shop's access to M1 Malaysia's network of licenses as well as being a non-core subsidiary, the Directors of the Group have selected 1Shop to be the joint venture vehicle with Super Apps pursuant to the Proposed Disposal and the Proposed Joint Venture.

-- Proposed Joint Venture

Following completion of the Proposed Disposal, pursuant to the terms of the Proposed Joint Venture, M1 Malaysia undertakes to provide the necessary technical and business support to 1Shop. In addition, as part of the terms of the Proposed Joint Venture, M1 Malaysia guarantees that 1Shop will achieve revenues of at least RM560.0 million (equivalent to c. GBP104.5 million) in the financial year ending 31 December 2023 or any other period as mutually agreed (the "Revenue Target"). As the Merger Exercise has been delayed, the period to achieve the Revenue Target shall be re-assessed and agreed with Super Apps in due course.

In order to achieve the Revenue Target, Super Apps undertakes to provide all the necessary working capital requirements of 1Shop. This will be supplemented through Super Apps, in conjunction with 1Shop, collaborating with other organisations.

Pursuant to the terms of the Proposed Joint Venture, in consideration of M1 Malaysia's undertakings and guarantee of achieving the Revenue Target, Super Apps shall procure TETE to issue shares in TETE (the "TETE Shares") to a stakeholder to be mutually agreed by

Can buy 250k again so still a seller mm's were just playing with me as normal

I cannot buy 25000 online, reasonable print of 629k at 1.7p now if it was 2-3 mil I'd think seller out, maybe that is it, just 629k was left to clear but seems low

Well I've just bought in 250k 150k and 100k around the 1.77p mark, if a institution is selling then thank them for the cheap entry price

If they keep doing less than 100% they might get away with it but they could say something soon. I always think it's best to slice some out all the way up incase they do say no reason for rise and everybody bails but it looks like there is some stakebuilding here too.

I'm going to run out of stock soon, no complaints from me but how I wish I kept the size I sold earlier in the week, this shows the current state of the market, 0.36p nobody wanted it except me, ..200% higher everybody piles in now

Sorry All but not a stock I know, I just think Ria should have at least popped in and said sorry for the awful ramping recently.

It was the most amazing stock yesterday no signs of Ria today has anybody spotted him/her.

I warned people to avoid anybody ramping with the word "expect"...ouch yesterday buyers close to 4p can now sell for 1p

Another slice 0.88p, I make that 150% from 0.36p entry price

Looking really good atm, bit of a squeeze 3 mm's left 200k each at 0.7p. Would be nice to make 200% on my free rides this morning currently just under 100% up

I like it how they made it so casual as me and you finding £1 down the sofa Knigel :-))

Still I think this is starting to get in the "attractive" zone, the last time I traded this I made 50-100% in a day when it went from 7p to 16p highs and now 2p..overhang no support drifting like 95% of penny stocks

Sometimes you have to accept how lucky or unlucky you can be in this game. I almost bought these this week unaware of the accounts saga and others did and they have to pray they come back now which is not a cert, got plenty of other stocks suspended so know how it feels

I'm guessing a mm has just had the nod to sell down Amati. 3 of them drop on two little sales and size offered

25000 at 22.4p and 37500 at 22.98p, I've bought some back but will back off for cheaper prices if the mm's run it down to clear Amati

"Ive just topped up" translated means I sold higher on my pump and will pretend I've bought more because it's too risky now

Rns out and back to 6p, you are a massive danger to these forums Ria, "expect 12p+ on a stock that was 3p yesterday, people were warned

Nibbled some, amazing how my small buys can smash online so easily. One minute they are offering 100k next you can only buy small amounts. 11.75p was too tempting they were paying 18.2p high for this not long ago.