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don't think so. The tick is the increment in which shares can move at. So these will be auctioned in increments of 1p. It might be that that is all they are worth but we won't know just yet. Maybe someone will try to pump them a little higher.
That would be an incredibly stupid plan. I hear he is planning to buy a pump. An even bigger pump that he ever had before and that's saying something. I hope people are careful when they see him with such a pump as it can be very dangerous.
I'm just amazed that apparently so many high tech people working for so long produced so little. Is that even possible?
I thought there was a legal requirement to file accounts under the Companies Act.
https://aaacap.com/wp-content/uploads/Update-announcement-11-4-23-.pdf
I recall an article a couple of years ago that described the actors and rampers involved in Asimilar (ASLR), Dev Clever (DEV), All Active Asset Capital (AAA), as a "nest of vipers" and that there was bad smell coming from those actors involved. Spot on I think!
100% rise must be seen in perspective that ASLR is still over 90% down in one year. It is also trading at 3p having been at 70p+ less than 2 years ago.
I think sorting ASLR into the category of a "bag of sh ***" is correct.
I believe the last accounts showed 30k cash in the bank. It did plough about £3m into Dev but that was before the last half yearly accounts - clever! I reckon it has no money in the bank but might start to sell a few of its very "wise" investments. The company is worth more than a couple of pence - but not each share.
I believe only premium listed shares need the 75% vote. Therefore Dev will delist as per the RNS.
..or down 95% in a year. Bit negative way of looking at things on my part. Suppose I'm a glass almost completely empty sort of person.
Don't hold your breath though. It is what directors sometime say when cancelling a listing. It makes it easier for them to slip in to the night. That is what AAA directors said when they were cancelling - way back in July 2021 (still waiting for this "matched bargain facility"). To be fair - I don't think there would be a market - who would be on the buying side ?
For me it goes back to around January 2020. A few professional rampers seem to appear on the scene. They did the same thing to AAA and of course have history before then and they continue to do so. They are full of puffery and usually the target company is blown up to incredible prices all on hype. Lets face it everyone, this company was never worth 250m or a fraction of that value. But these characters have a following and seem to have a way of disconnecting share price from any sense of reality. They do not seem to worry about reputations - to be honest their followers seem to be oblivious to past dealings or maybe they hope to get out whilst the inflation process is in motion. Chris Jeffries did do quite well from the selling of the shares. Looks like he banked £4.5m - I guess being the director he knew the true value of the company. He was selling at 1p so that option at 8p must have been sooooo tempting. Maybe he should have known better but hey it would have been hard to resist. GLA and as the previous poster said, there are more important things.
Now now don't be talking nonsense.
I see they are leaving the ship
https://aaacap.com/wp-content/uploads/Announcement-of-Board-changes-and-Strategic-review-22-12-22.pdf
I wonder will there be a message from the CEO this year? It might go something like this.
22-Jan-20 Sell Christopher Michael Jeffries 1.00 GBX 50,000,000 Kerching!!
25-Feb-21 Sell Christopher Michael Jeffries 8.00 GBX 50,000,000 Kerching!!!!
I make that £4.5m to old joyful Chris…..“devilishly clever”.
Happy Chris to all, and to all a good night!
Dev is effectively a private company now. Well unlisted company is the best description i guess. There will be less communication (is that even possible?) with the shareholders. Nothing stopping the company being purchased in the future. The value of Dev has been hyped so forget about 30p - forget about 10p too. This is a company that is running out of cash and options. In all probability if the company survives the existing shareholders will be completely diluted out of it. Whatever value is in the company for existing shareholders will probably be sub 1p in my opinion.
It doesn't matter.
Hopefully this will be a very positive thread. We only want positive delusional posts please. Chris if you are listening, any chance you could lend the company £4m?
I do not know if Jeffries is "bad". Am I reading it correctly that he cashed in 50m last year at 8p and so £4m ahead? Not bad for him I guess.
I suppose Jeffries will be sad. maybe the money he received when he sold 50m in Jan'20 and the further 50m shares he sold in Jan'21 will be some compensation. What a load of horricks!