Member Info for DawnRiser

Thank you Trout
Glad I only have a few ££s in it tho wish it was none…

So Trouty,

Are you saying his is more obfuscation and delay - possibly (predictive test wrote “possums” which is curiously accurate!), playing for time to find money but not particularly hopeful?

Thanks
DR

It’s interesting to see Real Good Foods recovery today. They fell to 1p on 29/9 after a trading update and declaration of 2.5m of debt (Duke has 2m) albeit they were still a going concern and didn’t suspend.

Today - after 7 weeks of the share price flatlining - they have surged 100% after "The Group, with support from advisers, is in advanced discussions to secure an additional £2.5 million of funding to support the restructure. "

So it is possible if the Board is genuinely working on behalf of its shareholders…

So what is your prediction based on. And if nothing what does it add to this board / or anyone?

If you manage to do that Michael (and tbh I feel sick at the prospect of my possible loss which is a 100th of yours, never mind yours) - and please let us know what we might / can do to support you - it'll be a victory for the man over the corrupt corporation.

And time enough as this is now our time. If only enough would wake up and take their power.

Meantime, so people are aware of what we are dealing with - the corrupt, arrogant and patronising that are the boards of these small cap cos and the toothless FCA that does nothing about it, this is reply from so-called CEO (i.e. fraudster as all these companies take your money on false premises), Stuart Bromley back in 2015 from his pad in... Mauritius:

"bromley@ciccapital.com
To: xxxx**********" >
Sent: Friday, 23 October 2015 at 14:24:47 BST
Subject: Re: : CIC Gold

L***a,
I made some comments below in red.
Now you invested and you can not hold me responsible for your investment decision. What I can say is that I will not see shareholder loose money and working really hard to ensure that.
My view is never sell CIC Capital Limited shares as the shareholder will get share in the client companies like CIC Gold. Some of these will be most valuable.
So contact me again in two weeks see where we are and I might personally buy your shares.
Kind Regards
Stuart

The 8k of shares still sit on my account - they were hyped - just like Duke and then suspended - worthless, untradable.

Bromley - note the poor spelling ("will not see shareholder loose money") - never did buy out my shares himself nor ever correspond again.

I think the word is shafted. "Caveat emptor" - get out of jail free for us, ha ha - buyer beware. "I can not be responsible for your investment decisions".

Except these are not investment propositions are they? As you say they are scams, frauds.

All enabled by the London stock exchange, the no due-diligence nomads and the gravy train, toothless FCA .

Good post trout (as I’ve been trying to say too) - sadly..

As they say small caps / aim is not for widows and orphans. Or I’d add, anyone that doesn’t have a mortgage paid off / money they really don’t need.

Let’s hope for both then - relisting and positive statement!

That hardly ever works Michael / Radhika

What you "should" have done if you don't mind me offering advice is top slice /take some of your investment from prem and put in here. So that then now prem is rising you'd be offsetting Duke losses. The if / when Duke re-lists you'd be in double win situation. Or are least at break even

This is only offered from bitter experience. And where mind set comes in. As If you're selliing all out of one and throwing all your eggs into one basket, you're getting into gambling territory (remember another maxin - never put all your eggs in one basket). You'll end up chasing more and more losses. You may have a couple of wins (having thrown in more money - "double or nothing" to use gambling speak) along the way that makes you think you're winning but doing that oner and over ultimately means losses.

Anyway I don't keep hammering home the point. Just trying to help others avoid the pain I've been through.

What's concerning now is that if Duke do relist having filed accounts, given the poor comms and the debt there'll be a mass rush by PIs as people will have lost confidence
.

What don't I have any idea/s about?

I may not post much but that does not mean I'm not invested and not reading this board / feed.

So no need to be rude to either Michael or to me.
As I say we are not answerable to you - but can help each other. But the board is

It's not Michael's fault. He's not a company director just a shareholder like us!
If he was Hippocratic we'd be lucky since most doctors over the last two years have nor upheld their Hippocratic oath to "first do no harm"

Pity directors don't take such an oath too and abide by it.

I think what you meant was a hypocrite. But Michaels isn't answerable to you. You can contact the board too if you are a shareholder. Don't leave it to anyone else.

Excuse the typos - thumb typing on my phone. But you get the gist I hope?!

So here's a lesson in patience. I know I am opening myself up to the ridicule of all those people on these boards who are disciplined investors, hardened traders and the malicious trolls who think the way hi win is go trick others into panic selling or buying by lying.

But I am posting it nevertheless to help people who are tempted to sell out (not possible in a suspension of course), or think that the penny markets are a quick way to make money (maybe if you are full-time trader / shorter, know what you are doing and make small daily profits watching the screen 8-4 Monday to Thursday).

9 months to the day today, 14.2,22, I bought 128,250 PREM shares @.0048p after they'd gone on a run.
Two days later I bought 86,250 more @.0050p

Total: 215,000 – so an average of 0.0048p. Total investment 1k that I’d received as a tax rebate.

Shortly after that the share price went down. And continued going down – to a low of .27.25p at one point i.e. half what I paid for them.

Today, the shares have just touched .0056p and I'd be £116 in profit. And they're going up.

Except I'm not in profit because… I got bored and sold thinking I’d make more money jumping into something else that was going up (I didn’t and now am stuck here having also added to my original money) some months back… I did the same with Lenigas around 10 years ago when, at one point like Michael, I was an inadvertent major shareholder. Had I held, I could have turned my shareholding into 4 times what I had initially invested and paid of the mortgage.

This is where years ago, having been able to hold tension and watch the **few** investments. I panicked, because I hadn't take back my investment and /or had invested too much in the first place and tried to recoup losses by buying and selling. And so sets of a gambling mentality where you are always running after losses instead of holding tension. And, as I say, gamblers always lose.

Another lesson: only have a few investments in your portfolio) having made gains (the counter-lesson to not gambling is not to get greedy and take your profits. As a golden rule, I'd say if you have doubled your money, take out your original investment. And if they double again, take half your profit etc etc)

Investors don't always win but at least if you can have patience, have done as much due-diligence as you can (PREM has a valuable mine), and aren't over-exposed or put all our eggs in one basket, you are more likely to win some And the wins you do make will cover (and more hopefully) any losses you do incur.

All gambling is chasing losses. All gamblers lose. Write off your losses and only invest for the long term what you can afford to lose. If you can't do that then don't invest.

Someone on advfn claiming accounts have been filed.
No records in companies house (yet). Bit last year the April 21 accounts were filed on 25 November 2021...

Maybe - fingers crossed eh? :)

Here’s a suspension that lasted 5 months but was eventually lifted (albeit different circumstances)

28 February 2022

Pineapple Power Corporation PLC (the "Company" or "Pineapple Power")

Termination of Heads of Terms regarding Proposed Reverse Takeover of BVP Investments Limited

Application to lift Suspension of Listing

The Company would like to provide the following update to its shareholders.

Termination of Heads of Terms

On 17 August 2021, the Company announced that it had entered into a non-binding heads of terms with the shareholders of BVP Investments Limited ("BVP" or "BVP Investments"), based in Dublin, the Republic of Ireland, to acquire 100% of the outstanding shares in BVP in an all-share transaction, subject to legal, financial and other due diligence and entry into a legally binding sale and purchase agreement (the "Proposed Acquisition").

During the exclusivity period, which expired on 31 January 2022, both the Company and BVP spent considerable time and effort on the due diligence process, negotiating definitive terms and preparing the required transactional and listing documentation, but ultimately the parties were unable to come to a mutually acceptable agreement on valuation and the final structure of the transaction. The Directors therefore announce that the Heads of Terms with the shareholders of BVP has been terminated and that the Proposed Acquisition will not now proceed.

Lifting of Suspension of Trading

Due to the size and nature of the Proposed Acquisition, it was treated as a reverse takeover for the purposes of the FCA's Listing Rules. As a consequence, the Company requested a suspension of trading in its ordinary shares while the details of the Proposed Acquisition are finalised and the required information is published or the Proposed Acquisition is terminated. Trading in the Company's shares was accordingly suspended on 17 August 2021.

As the Proposed Acquisition is terminated, the Company has made an application to the FCA to request that the suspension of the trading of ordinary shares be lifted. This application is being considered by the FCA and the Company will update the market in due course as to the timing of the restoration and the recommencement of trading in the Company's shares.

Next Steps

Pity Duke can't tie up with PNPL!

I’ve been doing some research into Dke

It may be worth contacting the CoSec re the delayed audit?
Company Secretary: Timothy Le Druillenec is a Fellow of the Chartered Institute of Management Accountants and provides consultancy and accounting services to a number of companies including Dukemount Capital Plc, a Main Market Company, and during 2013, Leed Resources Plc, Kennedy Ventures Plc and Pires Investments Plc, all AIM-listed companies.

Meanwhile Geoffrey Dart does seem to have form / history in successfully RTO-ing / restructuring companies (except for the AIM one which has since been dissolved) so that provides some assurance.

A merchant banker with over 35 years of experience of fund raising and listing transactions, in 1990 Dart was appointed to the board of Harrell Hospitality Inc, a hotel management and development Company, after he structured and completed its reverse takeover by a US-listed shell Company [still operating].

In 2003, as chairman of Energy Technique Plc (a Main Market Company) Geoffrey oversaw the re-structuring and re-capitalisation of the Company. Also in 2003, as a founder and an executive director of London and Boston Investments Plc (an AIM-listed Company) [now disolved].

One does wonder though why they don’t have money for the audit - if that’s why there was a delay - if they had funds from the sale of Mast Energy ? Or for it all go on debt repayments? And os do is that w plus as they were perhaps trying to reduce debt in order to become a more attractive prospect for an RTO?

Mast Developments (MAST.L) purchased two reserve power projects in the UK from Dukemount Capital (DKE.L) subsidiary DKE Flexible Energy, according to Wednesday statements.
The energy holding company paid 350,000 pounds sterling ($398,569.50) for the entire share capital of ARL 018 and ADV 001, which respectively hold the Stather Road and Hindlip Lane projects. The purchase is expected to raise Mast Energy's reserve power portfolio by 54% to a total generation output capacity of 28.3 megawatts.
Meanwhile, Dukemount Capital said it used the proceeds to repay a portion of its debt.
Mast Energy's shares rose 4% Wednesday morning, while Dukemount Capital plunged 43% following the news.

On previous experience I'm not confident. Though companies do come out of suspension sometimes after many months. You have understood correctly

But the problem we don't know what's going on and the company is not telling us either even though they are supposedly answerable to shareholders. So that doesn't instil confidence either.

The only thing that's a small positive is that they are on the main Ftse market and not AIM

So either end of next week. Or the end of January. If... Hmm