Starting to accumulate here at 6.2p level, selling here appears to be just some wider market capitulation caused by the HZM rug pull.
15 offers on the table for JV at asset level, cant imagine there will be too much longer to wait to find out the conclusion of these. Could be totally transformational to this company
And have all his options taken from him, unless he can pull a rabit out of the hat... check out what he is paying himself for his excellent leadership...
https://x.com/Smudgedann/status/1709130985340584260?s=20
Bordering on criminal IMO. How can guidance been so so so far out... Jeremy the guy who never bought any shares and gave himself a huge salary and loads of cheap options. Fishy as hell wouldnt surprise me if he was in the pockets of one of the majors looking for a cheap buyout.
Cant really think of a more relevant business proposition right now given inflation and food prices are soaring - this business model plugs the gap to make household goods more affordable whilst minimising waste that goes to landfill. Definitely got legs and one im looking forward to getting behind.
It didnt go bust. It was just struggled to take hold of the UK market so strategically decided to focus on Scandanavia where they have the expertise. DiscountDragon already well established with a fantastic website so could really snowball the company with the Motatos UK userbase vie more efficient use of economies of scale.
Post deal the new Mcap here will be circa £8m (assuming deal is done at current price). This will leave near £8m in cash given the deal is in paper.
The key with discount dragon is the huge revenue growth, looks to be really snowballing and what is missed is
"On 8 September 2023, Huddled entered into agreements with Motatos UK to acquire the entirety of its stock and for Motatos to promote Discount Dragon to its database. Motatos was previously Discount Dragon's main direct competitor."
Motatos being valued at 300million euros in their last funding around... so this is a huge addition to the already growing business that hasnt been factored in by any of the numbers.
Can see the upside potential here and will still only be valued at cash post deal at this price - looks like a bargain to me I think sellers will regret it
We should expect to hear an update on this imminently
Thats what OPTI did on a big name brand tie-up announcement... this market is far from dead. Bonus here for BSFA shareholders is that we already know BSFA is working with major global fashion brands. We just need to hear who and then wider market will lap this one up IMO.
A must read:
https://twitter.com/MylesMcNulty/status/1687357330839523328?s=20
Agree quite frankly, very unimpressed with the CEO here. not a leader
Still await this dog to release its prospectus
• 3.68p cash equivalent
• Up to 4.2p in Feb’24 with loan note repayment
• potential acquisition
• HBE biz getting orders in July from QVC & approaching busy Q3/Q4 with new product line available (at £500k = 0.25p)
(@SLowie100 on twitter)
Is the cyber trucking using a supercapacitor in it instead of a battery?
Looking positive
Just as BSFA are about to do their US roadshow 😍
Bought back my full holding here @2.82p post redistribution of cash.
£5.3m Mcap
£6.8m in Cash / no debt
£1m incoming from Feb 24
Looking for an acquisition with strong growth potential. To me this offers great RvR in current market environment
Got mine with HL also
Back to 65% in my account lol... all v odd but will be nice monday week when all this settles.