Member Info for ExMS

And that’s why Duffers should face the authorities

And that’s why Volz pulled out

And that’s why the chairman resigned

Assuming NNN burn around 200-250k per month and have 7 weeks money left then they have around 400-500k left in the bank.
They have therefore torched 600-750k since the placement.
By my calculations that means they had 1-1.25m after the placement and 600-800k prior.
They forgot to tell you that bit!!

So there is no chairman Latino! Lol

Unfortunately Latino you don’t have a chairman!!

Could be why you can’t actually buy anything on the website

What is Wrongful Trading?
Section 214 of the Insolvency Act 1986 deals with Wrongful Trading:

Under this section, Directors may become personally liable to contribute (i.e. pay towards) to the assets of a company if the company was allowed to continue trading at a time when a Director knew (or ought to have known) that there was no reasonable prospect of the Company avoiding insolvent liquidation.

If wrongful trading is proven, the directors can then be held liable to pay compensation equivalent to the estimated losses incurred by the company. This is calculated from the point that they “knew” or “ought to have concluded” the insolvency of the company to the point of formal insolvency.

Depending on the size of the company and length of time between the two, these losses could be significant.

Exactly my point Poor, you have got longer and so have many others . You’re all waiting for the same thing. That’s not how I was taught to trade.

I do understand how to trade Poor. But I’ve never knowingly gone long a stock that is going bankrupt!
Unfortunately I fear most will end up get longer and wronger
Good luck though

Why will this stock spike? Makes no sense to me

Locked-out? You should be locked up Castle.
How is the chairman today?
Apologies, I meant who is the chairman today? Lol

How’s Richard Clarke’s performance today Castle?
Doh!

@Trisor
Lanstead? Market -makers? PIs?
If I could short I’d be short

…..want to trade with a company in this perilous position? I mean give money to a company that’s going under? Both retail and corporate? I’ll answer that. Nobody.
Well maybe Castle…,

Coming soon! Cosmic

@PartyPooper
OMG did it really get worse than this mob? I guess so

Actually UG you could be spot on re Dr M and NoGold.
He cuts and pastes irrelevant, repetitive but nevertheless super-annoying posts under both monikers.

Castle
In hindsight (what a wonderful thing) you could have used the gold for your Hampsteads?
Hope you didn’t buy the missus on tick Castle

Castle you may have a low average but just too many shares you fool!! Still it’s only a paper loss!!
As you never sell at a loss. And you were down £17k when the SP was 0.22. And you have continued buying. And your hair, teeth and whatever else have been paid for in Turkey!! (Hope it’s not in HP!!)
Give everybody else a chance and keep buying

Trisor
What a dilemma - do I crystallise my loss listening to EX or do I lose all my money listening to castle, masqood and Nanogold . NG you going to sell?
So this is what we taught (@Marks & Spencer Castle)
If in doubt sell 1/3. It then gives you room to trade