Member Info for Drone1

To be fair it was other rampers that ripped people off. They ramped it. Maybe friendly with the odd broker who pumped it up. The directors are possibly guilty of allowing a company to give a whopping personal loan to Bonnier. How is that even allowed? Right now they are guilty of being quite unfair to their shareholders. They talk about Sentiance but its all puffery. No real data. As far as I see Sentiance it is a multi-year, mega-loss loss making company over many many years that has already had to be bailed out a few times by AAA - or more correctly the hapless investors who poured cash into AAA when the nest of vipers were ramping it. Its just a shame those huxters have long since walked away from it. These companies never die. Some other snake skil oil charlaton will come along and give us all hope. But these people have no shame and they will rob you blind and come back later and steal your cane.

No, or we wouldn't have invested in this company.

Supporting Bonnier! Honestly. Look at his track record. There is no denying the Apple rumour. AAQUA were building this (I don't know what it was to be honest) social media for Apple. But huish no one is supposed to know. Frankly it was the only thing that interested me in AAA. Turns out the only Apple that Bonnier ever came close to was at his local supermarket. What does Bonnier have to do to stop some thinking he is a victim too. Ah it was small loan the directors are being petty asking for it back. The real question is where is the fiduciary duty of the directors to give a personal loan like this? Where was the due diligence to burn through such money on a nothing investment? Why are they asking shareholders to cough up 2p per shares for an investment in Sentiance when the accounts have a fair value for Sentiance of one twentieth of that value in the AAA recent accounts? There is no value left in AAA just a fraction of a penny per share (at best) and maybe the only satisfaction now left is to go after Bonnier to recover the amount he owes the company.

No not really Sentiance values at £2.7m at fair value in the accounts. The total equity of AAS is now £2.9m (down from £576M!). There is over 2billion shares issued. So each share is worth around 1/10th penny. I guess if you bought in at that price then nothing to lose. But the track record is very poor here - the company is desperately running out of cash - but that won't stop the directors trying to sell you some shares for a few pence each. Even if Sentiance goes through the roof and some time down the line it is a 10 bagger that still works out at about 1p in my estimation.

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.