Member Info for Fastfood

It should be 20p + but the Experienced BOD need to demonstrate their Full Ability to recover from this Situation. From a Reverse TakeOver attempt 2019 of a once £3Billion Company to a now 3p SP of their own. They need to demonstrate Ability. Now is the time.

Van Kuffler never bought. Other Directors put a pittance in and not all paid in.

And they’ve All just been Voted back in at the AGM.

With No Medium Term Guidance offered by the BOD and the more than flirting mention of Equity Raise to fund “Opportunity” then this has removed almost all Demand for the Share. So long as the MM’s can match Shares at 5p then they will continue to do so.
An RNS by the BOD should be imminent re near term Plan. A significant Cumulative Buy of Shares by the BOD is required at these levels to return Trust imo.

Harel is right. They are Pirates.

As I understand it / Shares suspended until I3 produces a “Readmission document” Detailing completion of Acquisition TEIC and/or Gain. Or I3 will Unsuspend pending Deal(s) Null and Void.
TEIC need to Vote 66.67 % in favour of Reverse T/O and that is scheduled at end of SEP. In the meantime I3 are paying Gain Management Team £300k a Month until that completes / which gives them time to potentially complete TEIC end SEP upon the Vote and also complete Funding for Gain via Debt and Equity.
I suspect the Debt / Equity Ratio for Gain maybe more favourable (if even achieved at all?) if TEIC is completed ? Depends what Value the Financiers Value TEIC (if acquired) at ?
Great Value alone for the Canada Stock Exchange Listing.

I guess an early Re Instatement may weight towards a poorer outcome than a late one ? As that could mean 1/2 deal is Null and Void. Better the TEIC domino falls and get the Listing and then Gain Acquisition can follow hours after ?

Late Sep. A lot to do. But what do I know ?

Yes Snott. I don’t agree with the Cheapshots or the likes attached. You shouldn’t have to defend yourself on here but that is what mild bullying does.
It certainly is a bizarre situation. Attempting to buy a Canadian Production Company with no cash / whilst at same time managing to bag the debt of another one that’s in default (Looks tremendous deal) and then attempting a T/O of that Company with just 4% Dilution to S/H. Whilst at the same time trying to raise Finance for both the substantial Canadian Production (Fee already agreed - Tick) and/or F/O for UK Operations.

Something tells me if it all goes I3 way (It rarely does) then the Value of Toscana may be ring fenced and retained to current S/H 6p and thus factored into Any Raising of Funds at Price of acquiring Gain.

But what do I know ? Mr Heath seems very Talented. All they’ve done is offer hope in a time of exceptionally bad circumstances. Their Strategy is so dynamic. If they Transfer it to Reality then ...

RRE were fully funded with £200m in the Bank and were Producing.

Taking everything into Account. For the First time in a long time ; I back the Company 100% in its decision to Suspend Trading. It completely protects current Shareholders and gives best chance of success IMO.

Harel. Yes agree the Payback 1.7yrs (circumstances different now as you say) is also “Currency”. But the fact is / I3 do not own that “Currency”. Gain Energy own it. Which beggars the Q why would they Sell at 47m Valuation ?
Sounds too simplistic to me. And we still have no cash. Go figure.
The only reason I can think that this all comes off is that the Banks want to deal with a Larger Group under one arm. That being i3 ? But what do I know ?

Forgive me Harel. I realise we have “Currency” re Liberator and potentially Serenity / but how can i3 takeover a £50m Oil Company when i3 have no money ? Agree with you re RRE.

Yes Harel I agree with that. Maybe the Divide and Rule Situation will occur. I’ve said they might need to sugar coat the 4m Shares but not necessarily inc the 4m Share Offer. Depends on the Cost to I3 of each Outcome to get the Same Result. Inc Offer and merge or No other Offer and potential No Vote and then time and assoc Cost to gain control of the Asset offset by the lack of 4m Shares.
See what happens.

Cheers Investring.
Interesting that they Furloughed EDL Staff (Flagship of NSF imo) but only 2 in HC ? Would this mean they are looking for Buyers of HC (Bought it for £86m making £5m/Annum Profit and £7m 2019) and thus Maintaining Structure through these difficult times was their Priority ?
There must be a specific Reason why No HC Staff Furloughed... Because they clearly could have re the Headcount to Customers (Headcount went up from Purchase but Customer Base is slightly less and Technology exists now).

Wonder what Neil Uttley makes of all this ? Accumulated to 7%. Woodford Sold out at 40p so they cannot blame him. Difficult times. Hope the Company re sets and starts to recover the SP. But you don’t delay Results only to announce you are considering an Equity Raise / which they know will Tank the SP to dangerous levels.
Maybe they have a Cautious approach and that would be Valid under circumstances / but back it up with a Short Term Strategy to get to Next Summer.
That’s what the Market was wanting to hear.
If NSF can get through this period (Next 12 Months) intact / The Company can deliver Returns again.

Yes agree to all that. We shall see what happens. Everything has to fall like domino effect. Why aren’t they all Selling now though in Toscana ? ...

Investeing. The Report clearly shows Loans over 1yr Term account for less than 15% of business. Bulk of Loan Issue in HC is 7 Months. What I can’t get to grips with is / They took on all of PFG Fall out Agents in 2017 and still only punch a £7m Profit. Money to burn. However they have Invested heavily in Forbearance and Technology.

I believe so Fairdealer but I think it would get messy as No Vote must create some sort of Legal Barrier / However to what extent I do not know. In my Example of Legal Bill running into £10’s of millions / neither was in “Distress” and both cont to Trade / However this is not and will not be the Case with Toscana one would think. They are in Default and have been for some time. Surely it will not be plain and simple ? It never is.

Yes Harel. This is possible. Tight. But it’s possible. If Toscana Vote No and I3E have to go Legal route then this is not an Option. A Reverse TakeOver attempt happened last yr in another Industry. £12.9m Legal Bill for one. And £20m + for the other. And they called it off. So I3E not in a position to go Legal / However / wouldn’t the Assets simply be seized - A No Vote and it gets messy.. Yes ?

Me too. Buy Toscana Harel. What’s the £300k Harel refer to re buying of Shares to make it secure Vote at 66.67 % ? How much do Management own ? Why would Toscana price hold good ? / only If someone had a buy Order to match any Sells ? It’s a right saga.

Where’s Harel when you need him ?