Member Info for DestituteBroker

Don�t knock holes, mate. You can make a lot of money digging holes. More than most investors on ear.

Crede was active selling the stock down to obtain more warrants but over that last year was happy to sell at 7p in a sideways channel & was a family office. This new Prop has far more stock to work & thus may be a far more active trader.

Oldreggiebabe Hi, it's only one option there are others. Which involve the pre market & after market. Out of hours trading etc. Regarding sellers apart from Crede there is at least one another large holder / trader which you may not be aware off. This is where a knowledge of market mechanics is vital. Posting the register is not always a good thing as it can cause Pro�s to move to the Pro trader accounts under the others category. As Crede have dune. If a trading strategy is not employed then yep, it's a death spiral. This is why schach's decision to reduce risk is not a bad one because you just don't know what is coming.

How do professionals buy or sell large amounts of stock ? Is it as simple as novice�s think ? One option is that the Prop will trade the stock using two algo�s. One buying & one selling. This will cause the stock to oscillate & pull in buyers, trying to trade the rises. The 6m will thus be sold into the increased volume & the sp will yet again travel in a sideways channel, all be it of higher frequency. This is the only way that that quantity of shares can be offloaded successfully without dropping the sp too much. As usual on these retail boards there is no discussion about Trading & Market Mechanics, because posters don�t know how the market works. Money management, risk management, position loss recovery, what be that then ?.

Another large holding being sold in 100k blocks. Good news is the volumes up, 409,113 & there might be more than 6 trades today. PI's asked for an RNS re the road & now ye have it, enjoy.

Hi, I agree with you on that & thanks again for the info yesterday. These are professional traders & the stock will be worked. You should know that from your experience with FRR. The stock will have it�s trading spike. It will have too to off load the volume of stock but probably only after it has been sold down first. A spike from a lower level is a safer trade for those involved, for obvious reasons. We wont know exactly how this will be played for a Month or two. Re a closed period, you need to think about that, with the only source of income being issuing shares. You can�t put money in the till & then pay your wages with it.

Looks to me to be a sensible move until it is known how the dilution is managed in the short term. Ie sideways channel selling or selling the stock down. I know others here are of the opinion of side ways selling but a reduced sp will increase the number of warrants issued. Pro's usually accumulate on the way down. Both FRR & UKOG were sold down prior to the news point. It depends how active the new Prop trader will be. Crede may end up looking like an angel. Plenty of time, there is no point in the PFS being published until Q4 at the earliest. Re traunch 2, this will most likely be activated in this later period. Is this investing, trading or gambling ?

Bet your glad that you sold out at 10p Vertigo !

Thanks both for the replies. It is odd that that has been added to the resupply update. Is it to encourage sp growth, there maybe a lot of warrants to sell. Interesting isn�t it, is the tail waging the dog ?

Nolosstillsell, thanks for the reply, that is curious. I still can�t see which paragraph details that. I note you state traded-value, is that share price or traded value ie sp x volume ?

Hi, Nolosstillsell, please advise, which paragraph states that ? Visa, very sorry to hear that & I am sure there are many in the same position as you. Sadly this is a none profit making AIM stock so no surprises there. Hopefully there will be a trading spike sometime this year, which may offer the opportunity to recover some of your money.

Buyers are waiting to see how the new funding contract affects the sp in the coming Months. Will any new shares issued be held, sideways sold or dumped ? Pointless buying now if you can get the shares a lot cheaper in a few Month time.

This stock has been held in sideways channels for years. Lets hope that the new active Prop Trader will create good trading opportunities. As with FRR, UKOG, MATD, LG.V etc however SULA is a bad example. Any initial pain should be rewarded by gain. Experienced traders should do well out of the increased beta, as the marketing is rolled out in the coming Months & the stock is worked.

The company has taken the first draw down & in addition issued the 9.3p warrants. It doesn't state that the warrants are in addition to the contract detail above.

The cash advance ie loan repayment & interest, same as a repayment mortgage, has to be repaid Monthly, ether by cash payments or Warrants. This is the point, the process is being eased in gradually due to the initial advance of the warrants. Summary, the principle $4 plus interest will be fully paid back in full by March 2019, ether in cash or warrants.

I've posted a correct calculation & currency earlier today. Re No loss till you sell, That's correct the initial 9,290,323 warrants convertible at 9.3p to cover the first 2 Months, in part. If interest payments are not made. Ask yourself why have they dune that ?

Correction �4m

The $8m has already been taken, which will mean interest payments or 6m warrants per Month. Yes they can decide not to take the other draw downs, but that's probably unlikely, otherwise why negotiate $10m. Note the terms of the contract, 12 Months. Ask yourself why the initial advance at 9.3p. This is going to be very entertaining to watch it play out.

Sterling calculation $4m = �2,884,240 x 110% = �3,172,664 �2,884,240 x 8% = 230,739.20 Total return �3,403,403.2 = cost 519,163.2 = exactly 11.8% Total divided by 12 = �283,616.93 repayment per Month Default conversion is 90% of the VWAP, currently 5.3249p x 90% = 4.79241p �283616.93 divided by 4.79241p = 5,918,043 shares per Month

For this Month are, R1 6.73p & R2 8.49p