Member Info for ExMS

Clued
I think you’ll find that the tweet re successful meetings went out before they had actually arrived in Cologne. Yep. You really couldn’t make it up

Trisor I always knew you were, you just got it wrong re me vs UG. Apologies

Castle let me call you out yet again! A public Micho meltdown?
Since 13 Dec 2021 the stock has fallen from a high of 1.375p to now, an all-time low of 0.09p. Pretty much in a straight line apart from the odd little spike.
Given that you can’t short this stock how on earth is this a genuinely tradable stock? (Respect if you have made money RR) How many up weeks have there been in the last 16 months or 64 weeks?

For the record Trisor it’s very obvious that you are genuine, UG and RR too.

Sorry Trisor typo I meant profile not picture

Well I’m saying no now that I’ve just seen the picture of him!

But tbh if they had £8m of stock they wouldn’t be in the position they are

Sinden I’ll take a look but that works out at £1,333 per litre

It’s just talk Trisor.
Also any further dilution means Lanstead will have to sell to a big chunk to get in shape so the discount would be closer than 50% to 25%.

Trisor
They are not on the verge of anything. Remember Lanstead said no last time and this time. And they stand to gain massively if the stock rises.

Where did you read that Sinden?

It does not mean they have options Trisor. If they had options they would explicitly say so. IE We HAVE funding options
They are evaluating what their options are re funding.

For future reference sometimes you need to turn the way you look at a long position on its head.
Most holders of a stock that is going wrong look for reasons to keep holding or even buy more. It’s natural to want to do that. Average down etc. But if a SP is going wrong, it’s usually going wrong for good reason.

You should also ask yourself and make a list of reasons why you should sell. Most people fear doing this because it means they might have to sell at a loss. But remember, the first cut of a position is usually the cheapest cut.
There have been so many red flags on this one. I mean red flags with flagpoles covered in red paint. And it’s very easy to be wrongly influenced by those with the same bad position as yourself

Of course they are investigating other sources of funding. I mean flicking through the Yellow Pages would constitute that!
There will be no further placements. I mean how on earth would that work and how much/little do you think they might raise?

Agreed Trisor
Remember comments from some saying this is another lifestyle project funding directors? Well this is the only AIM stock I’ve ever looked at but it seems this is not an isolated case on AIM market

EXMS the RNS says the BOD is evaluating funding options. Is that code there are none?
A. Yes

The question really shouldn’t be why before Easter, it should rally be why not way earlier?
Duffers is a rabbit in the headlights……and has exhausted all possibilities

With regard to the timing of the last RNS why wait?
As soon as any hope of funding from usual/established sources was exhausted they have to inform the market asap.
In some ways it can be seen as a last cry for help. IE We ARE going under in 7 weeks. Any takers?

Trisor
1st June 22 was the new wish-list
4th July 22 there was a strategy update
11th July 22 Director purchases
26th Aug 22 Lanstead agreement
This was emergency funding from a near last-resort lender

UG
Yep agreed
Where I find the RNS misleading is that if a potential investor read that RNS in isolation he could be forgiven for thinking that the road ahead was paved with NNN gold.

The reason I was a massive sceptic is that less than 3 months prior the company had re-stated in an RNS that the company was to grow by acquisition.
The subsequent Xmas wish-list was put together to cover-up the fact there would be no acquisitions, no masks and no filter business. The company essentially then effectively became a start-up with no USP, no saleable products and crippling overheads. How on earth were they ever going to succeed?