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I have made a note of this companies name in my ledger on the page entitled “situations to avoid”
I piled in here over summer and I have not lost money but for the amount of shear frustration not sure it’s been worth it
Leddah
i take your point but seriously who is advising them?
why did they not simply transfer accumstem into an SPV ?
I guess because of dual listing but it seems to have done nothing except confuse our US friends and created a dense fog of uncertainly over everything and a shorters paradise
I hope their science is better than their finance function
this is the most cackhanded process I have ever had the misfortune to participate in
I keep thinking of subscribing to L2 but the weekly failures are a useful reminder to keep my money in my wallet
Yeah I wondered about Farmerpalmer as well and you are right he was trading to help out with the farm and said he would be out by October 16 however I remember him being suspended for a week (or so) and on return saying he had been warned by LSE for giving out L2 data
subsequently he suddenly stopped posting after the trading advice episode so I construed he may have stepped too far over the line
I don’t recall the post code but now remembered the Farm was in Wheddon cross near Exmoor
Hi Guys
I have been in SOLG for quite a while, including when AIMEXPERTTRADER was posting and I must confess I loved that "fella"
First came accross him in MARL or URU
I recall the farm and even when he got banned; he was actually trading a stock and telling people in real time when to sell!
I know opnion was divided but I thought he was genuine.
The information is still presented on a going concern basis so there will need to be good reasons to justify it
I too am a little frustrated as money tied up here while there are other good stocks out there (which may be why some people are selling), however I have a financial model which tells me 2p is not an unreasonable value for an operational business and my opinion that this is about as low risk as you get on AIM
I am sure discussions about offtakes or even a sale of the business are ingoing and so NDAs may be preventing communication
So for me I am sticking with it
Both exactly 135
I disagree that this is about luck as PC, slow though he may have been, has, subject to final AQ clearance, delivered a good to go viable business
“Luck Is What Happens When Preparation Meets Opportunity"
So I reckon this share is about as fundamentally risk free as it's possible to be, not capex heavy or complex to deliver so valuation is hopefully, shortly, about one thing
Size and value of the market
Welcome Fresh, I was about to ask about sales value too but SGD beat me to it!