Member Info for firepisces

Yes. But it's a shame that "No Mining Production Or Construction Activities During Quarter"

How is debt being serviced ?

Expect sp to rise to £8 soon enough

Unfortunately you might be right. But until lockdown is removed I don't see any way whatsoever how the company can recover or get back to business at the least. What really slaps us in the face is the fact LSAI should be using the current situation to their advantage especially with their data scientists/engineers knowledge. Instead they write articles from home that take about 10mins to write and proof read. Slade needs to go.

How low? Anyone's guess. One thing for sure:

There's still approx 60mln warrant shares to be issued into equity.
Also, what's going to happen to the existing deferred shares, of which there are 1,040,712,398 in issue?? I have no clue about those.

Tread on toes as much as you want the situation isn't getting any better any time soon!
An update from the company on what they are working on at this time would be useful.

https://www.pocket-lint.com/apps/news/151807-how-the-nhs-coronavirus-contact-tracing-app-will-work
Good article explaining the app. A few things to note.

Further to my comment on 27th March, although at a much quicker timeframe than predicted, the never ending dilution begins. They have sold us out.

John
the four separate sells from 13:56 onwards.

Jackpot

why only take NPV for Verify and not all products/services?
I'm assuming because this will be sole focus for future right? If so, what values have you used.

Thanks

IG.
Can get a quote now but not at previous highs of 64+

Can't sell. No quote.

Hi Jackpot

You can choose any financial ratio you like - it won't bring any joy. The fact NPV is negative just shows the risk. Of course it's negative. LSAI are not earning which in fact have decreased since last year despite all the company's successes.

Many here are greater than -90% loss. Until lockdown has been removed and life can start to get back to normal, nothing will push this stock back up. I know Covid is not the bod's fault, but their reasons (if any can be found) to raise a placing during this period is (and at such a discount!! I'm sure you seen the warrants issue to sweeten the deal!?)...It's almost akin to usury!

I know this stock has brought out the cynic in me in the past couple of months, but I used to think Mark Slade can bring success back to the company. Until he proves me wrong, he's just proved himself as another AIM CEO taking advantage of the system just to lavish up his lifestyle - He makes his name in the long list of AIM charlatans wall of shame..

Others still believe in the company. For me, no.

Atb.

Agree. David Rae killed the company with the last dilution. The raise was untimely. Bod did not think about global pandemic. Don't they watch or listen to industry news or something? No one wants location data at the moment. So no revenue stream bar the fixed monthly income of peanuts.
There is no contract with NHS. Anyone can offer their services to government. Doesn't mean they'll accept! Likely to go to a reputable company eg Apple or Google who have their own technology/algorithms. Not to a shabby 1mln mcap company. Pathetic.

Thank you that is really insightful. A lot I didn't know about.
Plus is very tempting, for me, it does seem below fair value. Could see 30% gain but analysts estimate forecast earnings to decline. Doesn't make sense in this climate.

Cheapsharesboy

What do you make of plus500's results?

Toff
I am fully aware of the financial destruction the board have put this company through. Particularly Conn.

That's sad to hear. Everyone is losing money somewhere.
So what next for this company? espesh with almost 5bln debt. Government bailout will be guaranteed in worst case scenario.

Well apparently the chinese market is back up and running. Chinese PMI back up to 50+

With a loss of 1.1bln there shouldn't even be a divi payout in the first place. Oh wait, the bod don't care about good business.