Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Don't bash him while he's on side...! ha ha..
"Subject to the discretion of the court, it is expected that the court will order the withdrawal and/or dismissal of the Winding-up Petition. In this scenario the Company will continue as a going concern, the restoration of trading in the ordinary shares of the Company will be announced as soon as practicable (probably intraday) and the Proposal will come into effect immediately." - If this goes ahead, then it'll most likely be unsuspended again later that day.
A company's request to withdraw a winding-up petition is generally accepted by the court, especially if the company can demonstrate that it has a viable plan to settle its debts and continue operations.
The court's primary interest is in ensuring that all creditors are treated fairly. If the proposed plan seems to provide a better outcome for creditors than liquidation would, the court is likely to approve the withdrawal of the petition.
Of course, as you say, the court's decision is not guaranteed. It is possible for the court to reject the request if there are objections from creditors, or if the court is not convinced by the company's plans to repay its debts and continue operations.
In the case of Itsarm, the company has made a significant effort to reduce its liabilities and has proposed a plan for future growth, which includes board changes and potential acquisitions. This plan, combined with the fact that the current directors are willing to give up their remuneration and fees to help the company's financial position, is likely to be viewed favourably by the court (but the final decision will be at the discretion of the judge).
Apologies, I misunderstood your point.
It's all in the detail really. But I maintain they won't have given it all away for very little return. It'll have to be a deal that works well for both.
So you think the royalty payments are worth nothing?
I doubt they would have signed that agreement.
This company has a relatively low MCap, a viable product and a massive market. If it keeps the product IP, it will generate sales revenue for the foreseeable. If they sell the IP or the company, it will be for a decent price, because of the long term value. Of course all in my opinion, but to disregard the royalties is a little short sighted.
Good interview. He's clearly dead chuffed, and although there is more detail needed, they've made a very sensible commercial decision here. Shame the share price hasn't stayed up, but that's the way of things these days. Long term I don't see why this won't increase.
Can't fault that. At least we'll be a share that can actually say 'wait until the US market opens' and have it actually mean something...
Agreed. DH is well known, and not for the accuracy of his tweets.
There will be genuine investors who decided that enough was enough today, and sold up this morning. They may even have posted to say this.
But anyone who continues to post negatively on a share they claim not to be invested in has another agenda than just doing their bit for the good of the investment community. They are, in my opinion, either bitter at their own losses, looking for a lower entry, or short.
In general, I am suspicious of anyone who repeatedly posts negatively, as there is so little to gain for them unless they have another motive.
For me, as an investor here, my agenda and hope is for an increased share price. I still believe this will happen in time with or without our input.
GLA.
Avizandum1, if you were inhaling surgical spirit then you probably do have some lung scarring...
Everyone else, please do not that. As far as medical advice goes, its up there with Trump's injected bleach. At best it will be ineffective, at worst it will be harmful.
Get an oxygen monitor. If your O2 measures below 94% call 111, 92% or less.... go to the hospital....
That is medical advice.
My reply was to not to Forzeb! :'D
Yep. Its just a case of waiting. Seen it too many times now.
Just read one of these posts for the first time. It was actually quite useful, thanks.
(The reason I haven't previously is all the capitalisation and weird spacing made me think it was just spam ;D)
Lovely stuff. There will be the occasional pull back of course, but with daily updates coming, they won't be for much. GLA.
Don't sweat it. We've all lost a year.
Added some more today. The EMA approval is more or less a formality as I see it. It is scheduled for Q1. Even if delays have crept in, you'd be looking at early Q2. In the mean time, a steady trickly of information has been coming out, which has all been positive. Worth noting they're hiring for a Supply Chain Manager at the moment. Not cast-iron, but an indication they think they will be expanding product delivery.
Completely agree Redbox. I have a long and growing list in the filter. Makes it so much nicer.
Whenever I come on this board. I just see so many people having arguments.
To those involved, if you're not doing it to wind the other person up, then you're the one being wound up.
At the risk of sounding like a mum talking to a school kid, just ignore them and they will go away.
I do think the impact of Covid will increase the interest in inventory monetisation, but worth noting that those companies at risk of going under will likely not pass the audit to be allowed onto the SYME system. This is only for healthy companies, which is why it is a strong model. If it were for companies in trouble, then I would not be investing, as the funders (not SYME as they are the middle man in the deal) would likely be left picking up the pieces every time a company folded, which would make it less appealing to fund in the first place.
The beauty of SYME is that it appeals to both the company, and the funder (and subsequently, the investors like us).
Lots of people claiming this and that on here. Truth is, those invested believe that this will go up from where it is, regardless of their holdings. It is that simple.
We are waiting for news, and as we do, some people are taking their positions, hence the rise.
If you believe it will go down, be open and honest about it. I have no problem having a different view to you, and am not worried if you think that. We are all here to make money doing what we think will do that best. I do take issue with both massive ramping or massive deramping, as these are unhelpful for both causes.
I don't short ever myself. Even if I did, my personal view is that, if I thought this was going to fail, I would not short here. The drop will be minimal, because the SP is so low. But the downside of it taking off and jumping up by quite a bit is likely enough. So it appears far too big a risk (for me).
Anyway. I just wanted to try and have a sensible post on here, without any massive hyperbole.
News changes everything, and the sooner it arrives the better.
Apologies, didn't mean to sound so dismissive. I use HL, it works well, but is better for longer term holds than quick trades as you often find you are unable to purchase/sell at times of sudden movement. It also costs, although this means you often see a nicer (tighter spread) than the free ones, which screw you on both buy and sell.
When HL have ****ed up in the past, they have reimbursed me for the inconvenience.
I've heard good things about IG, but never used them. Have heard bad things about all the free ones.... but they're free (if you ignore the difference in buy/sell price)