Member Info for devonplay

"Devon, my hands are held up - you were right again."
I count 3 so far.....if you include HBR. LOL 3 nil
Don't forget to read my article on SFOR, I think there's a massive short opportunity there.
As ever, it's been fun exchanging ideas.

Good luck with the future Carpe, it's been a pleasuring meeting you and discussing SGI over the last few years. As I've often said, its been laughing hanging around here.
I'm working up a critique of SFOR at the moment, I still think there's an enormous short opportunity over there, even at the present price, so that might become my new home. I'll be updating my blog on the company, SFOR that is, for those that follow or subscribe.

Spread 400% I'm going to accept 0.6p as a win, it's much closer to 0.5p than 20p.

Where is Pearls....oh yes, ramping another loss maker. Best short indicator on the site.

Proposed Cancellation of Admission to Trading on AIM..........
All systems are going to remove this from the market, as I've said plenty of times over the last few years, almost 3, I've always wondered why they bothered with a listing and now it's come to pass.
Phoenix will de-list and then quietly increase the "private" value in their other vehicles.
On the positive side they are offering shareholders 1.5p. So an up day for SGI!
Interesting comment in the RSS:
· there is also a limited free float and liquidity in the Ordinary Shares with the consequence that the AIM listing of the Ordinary Shares does not offer investors the opportunity to trade in meaningful volumes or with frequency within an active market.
Something that I've said over, and over again. There's been very little free float....but not according to out bull.
"The Directors are aware that certain Shareholders may be unable or unwilling to hold Ordinary Shares in the event that the Cancellation is approved and becomes effective. Such Shareholders should consider selling their Ordinary Shares in the market prior to the Cancellation becoming effective (either pursuant to the Standing Purchase Order referred to below or otherwise)."
But then again in the panic....we might hit that intrinsic goodwill value and reach 0.5p today....there goes "share of the year"....another burning wreck Pearls.

Maybe, but I've been much more accurate than your 20p by last December prediction ;)
> heading to a market cap of £2-3m.

My scripts showing 10% downside for SGI over the next few days. Meta entering the "collectable" market place might offer a death blow for SGI's failed attempt to get into the NFT market and the general dash to quality. It looks bleak for SGI. £7m cap, still potential 50% downside from here.

NFT market is collapsing with sales down more than 87% from it's ATH!
ZeroHedges advice, get clip art instead. It will often be free LOL
https://www.zerohedge.com/news/2022-06-28/nft-market-collapsing-sales-down-more-87-its-ath
Even those bored apes have crashed 50%
SGI > 0.5p
Even Pearls has given up.

"SGI reached an all-time LOW yesterday at 1.2 PENCE.
Down -10% this morning, if it closes weak at the end of day it might just beat that record next week.

Classic nonsense from Pearls "Sounds to me like it's not going to plan for you..."
- 50% loss over 12m months and with a enormous 33% spread and "it's not going to plan" for those wise enough to give this one a miss. LOL
That's why this remains the funniest thread on the site hahahaha ;)
You get these abhorations with penny stock, 33% spread LOL, but the algo never lies. 0.5p still looks about the right price.
"Sounds to me like it's not going to plan for you..." LOL says the person who thought we'd be at 20p by last December. Classic stuff.

We've reached the inflection point, that moment when the delusional bulls realize....it's slipping away...maybe we can save the day by throwing insults about. Never works.
Next they'll throw their hands up in despair, throw the towel in and sell. Driving us quicker to the final destination....0.5p.
It's the next leg down into the valley of despair LOL But we might, just might, bounce off 0.5p

"Doom mongers alert, doom mongers alert"
- stock opens (-7.69%), bid price now just 1p
"Flashing up again as SELL in my algo, if it does that for a couple of days then there's usually a steep sell off. Heading towards sub 1p this week?"
....don't say I didn't warn you AGAIN LOL
My algo still suggests sub 1p this week, my expectation is still 0.5p, still a few days to go (get out) ;)

Flashing up again as SELL in my algo, if it does that for a couple of days then there's usually a steep sell off. Heading towards sub 1p this week?

Wow! A whole 9 LOL
Good idea Pearls, level down again....well, you've become expert at that. You must be 50% since you last talked about doing that. Why not just wait for the on coming 0.5p?
Groups profitability? What profits, they can't even service their debt, or at the Directors put it:
"the Directors believe there is a material uncertainty relating to the Group's position as a going concern. ". ;)

I wonder if there's not a market in the Magenta fractions because they are concerned they will transact below the offer price?
We already know SGI is technically broke, it can't service it's debt without forbearance, or as it's Directors say "the Directors believe there is a material uncertainty relating to the Group's position as a going concern. ", but what happens to the balance sheet if the process of the fractionalisation of Magenta has caused it's value to fall, Phoenix have kindly made it an encumbrance on SGI's , at the same time that the fractional price also collapses? Total disaster? I think it could be.
Pearls, there's 3 lots available, the commission on that will probably cover no more than a few minutes interest on SGI's compounding interest bill. Thinking anything else is just delusional. It's like claiming the sales tax on 3 sugar cubes is enough to fund free NHS dentistry LOL "Going well" hahaha ......

I think there's a potential threat to the publishing revenue. I get the impression SGI's competition can smell blood in the water and are planning increase their English language publications. That small amount of "positive" news in the the lst update looks under pressure.
You are right, as an investor in plenty of unlisted companies looking to expand in the US, it can be a nightmare for alternative and novel financial products.
I remain of the view that 0.5p might be ab entry point to speculate, at that point you can disregard the shocking trading performance and potentially speculate in the goodwill arising from the name. On that, does the Royal warrant go if the Queen dies? I can't quite remember.

Are you thinking there's a problem over US/State taxation? They could come as a show for first tranche US investors.
Welcome to the market place....and here's Uncle Sam's request for tax. ;)

"The error of selling in desperation" now we get it Pearls, you meant desperately selling to USA based customers when the relevant approvals weren't in place ;)
I agree Victoria, it might be significant if they've been stopped from doing it. It's going to reduce any potential market and be a problem with any US citizens that bought into the first tranche. I doubt there will be any clarity, they are too in charge for that, so it's a crippling wait to see if they get the "market" up and running before July and if this is BIG issue or not.

I wonder if the lack of "market" is connected to the issue that Victoria mentions?
Maybe there's been some regulatory ****-up they haven't been able to sort out? Might it be big enough to scupper the whole thing?

Not really, it just shows you the force of downward pressure. There are more sellers than willing buyers. There must be a tsunami of selling coming down the track. 0.5p

(-10.34%) ......0.5p gets closer everyday.