Member Info for ExMS

My view it’s just a cash injection to keep the lights on for a bit longer. Close to closing a deal or deals? Not a chance.
This placement absolutely fooks
Lanstead ( the largest shareholder)
All other shareholders
Volz
And the company itself due to the SP and the sharing agreement
You wouldn’t do this deal unless the cash was running out.
Q. Where is the cash being spent?????

UG
Im pretty sure there is a limit to how many new shares an AIM company can issue. Any thoughts?

Absolutely Dr M

You got it. Typically you won’t find out who participated. Occasionally you find out. I mean if it was one buyer ironically you would find out if they go over the ownership threshold that needs reporting

@Trisor
Indeed but where does it say they have been bought by one company?

Trisor
Im not sure you understand a placing. Where does it say one company has sunk £400k into NNN?

Trisor
I think you need to learn that Duffers uses generalisms so he can’t be pinned down as lying.
He’s always excited, confident or delighted about his pipeline of interest

Well if you don’t mind about 2 dilutions totalling 28% when 6 months ago Duffers said he had addressed the burn-rate , and there was enough money to continue operations for at least 12 months, then good for you!

UG
Or it might just all be lies!

Trisor
I did mention they would require further funding within 6 months or the firm would run out of cash. Can’t recall you ever agreeing with me??

All true Dr M
If Duffers had anything about himself he would be making an apology to shareholders and giving an explanation.
He is always “delighted” to have secured funding for ongoing operations.
He has never once apologised or indeed even highlighted the dilution these capital raises mean to shareholders

The way placings work is you go to shareholders and get a level of interest where you would be able to get the stock away. Outside of Lanstead there aren’t many other shareholders. Anyway typically a broker would underwrite the placement if he could not get some or all of the shares placed

You never agree with me Trisor yet I’ve always been right on this one. Something to think about maybe?
Anyway somebody will have underwritten part or all
of the placement at the placement price. 27% discount to yesterdays close! Another 8% of the company tossed away this time at 0.18p.
When will you learn?

If Landstead know what they’re doing they’ll be trading it. They can just give the market maker 10m to buy at 0.19 and 10m to sell at 0.2
They are the market now

Trisor 50/50 are you crazy.
I previously puit the odds at 5% that this company survived now it’s less than 1%

UG
I know it’s bonkers. Freakin Loony Tunes. This going to zero…..

With the Lanstead deal and todays placement the dilution is as follows:
If you owned 1% of the company you now own 0.72%.
So all I can see that Duffers has done in 17 months is this:
Raised capital twice and diluted shareholders (see above)
Overseen the share price drop from 1p to 0.2p
Reduced revenues from £200k to £10k
Increased the size of the BoD and overheads
That’s all folks!

And for £34k per month income they gave away 20% of the company. Great funding deal for NNN right? That’s what you all said right? And now Landstead have walked away and you still see that as a positive right. Wrong. But if you are armed with all the facts and still make stupid decisions you can only blame yourselves

Lanstead be paying around 0.15p via the sharing agreement now. Means that overall the sharing agreement is worth 34k per month.
Lights out. Clocks running Tick-tock

Trisor
If they had tried to raise £1m then that wouldn’t rally with the narrative that they just need a bit of cash to get some major deals over the line!!!!!
Major household brands ….. not just one but plural!!!!
And that has kept you inside!!!
Lanstead said no though. You know that group of savvy ex-bankers? They said no to further funding