Member Info for foolsgold07

Audited accounts (12 months ending 31st Dec 2020)::;;;
Rowan was paid a total of $331,695 plus $ 17466
Us dollars ..
Total directors pay $660,946...

Incredible....

To be the ceo of a company that has seen its share price decimated from 1.85 to 0.20p in 12 months is some achievement.
Basically his cv makes him unemployable.

This will turn ....just not until we have a meaningful rns with numbers...
The downward trajectory will continue until the bear market that has gripped this company turns.

Until that rns disclosing first moniterisation this will continue to drop.
At present no meaningful revenues and potential further cash calls.
That last rns was a train crash and the share price dully responded.
If no significant rns by year end 2021 wouldn't be at all surprised to be seeing a mcap of around 20m

The confirmation rns has not triggered the expected uplight...surprisingly low volumes ..appears to be little interest ...hopefully us opens this up

The mcap at 60m is overvalued at this moment in time...whilst news is expected on multiple fronts we are likely to see a continued decline in share price. As the first significant revenues are delayed cash flow and lack of becomes the main concern.
Possible placing between now and 1st revenues to maintain working capital ...
Shorters in ascendancy at present.

Possible fund raise before moniterisation ...
The rns and the projected delays to meaning revenues does mean that working capital could be an Issue in the short term.
If the loan has already been allocated and no contingency plans operationally considered for future delays within the cash flow forecasts and its a big if...then financing is going to be needed from somewhere.
A small placing to cover a few months maybe needed.

The 7million short term loan has to be repaid over 12 months with 10% interest attached.
Any revenue reductions or delays will impact companies ability to repay or have sufficient funding for working capital purposes.
Whilst I am confident that over the longer term the syme model will work with a repeating and expanding client base we could be in for some further short term pain. The market cap is 67million for projected short term revenues of around 0.5m...that's a little excessive in my opinion.

Unfortunately this is simply a lifestyle company from day one.
They have generated no revenues of any signifance from the inception of the company until now.
A sales executive was employed 15 months ago
For what reason I have no idea ...and as I understand they are still employed.
Guy Meyer you can only but laugh...listen to his earlier podcasts ...

This is always the concern....
Cash net at 26th April was 7.7m
Cash net at 30th June was 4.9m
On a projected Cash flow basis...a placing is possible at around this time ...but depends on those overhead cuts and impact on working capital from July onwards...
They maybe OK but it must be tight.

Yes I have to admit that last rns would appear to be somewhat misleading ..a full audit from start to finish can be completed in 6 weeks...
All in my opinion.

The rns and the problems highlighted some outside of vast control almost certainly in my opinion means that cash generation to meet operational expenses is the short to medium term problem.
Additional placings are likely to meet working capital requirements and this will probably mean further dilution ...
The market reaction has not been good and we all know ap is not adverse to a placing or to...
The is likely to be at significant discounts to the prevailing price.

Ap has really screwed this up ...from any lth perspective...too many placings and destruction of the share price ...it's even down another 50% from the consolidation...

This has been on short (stay in cash) recommendations for several weeks now by market commentators.
AZ needs to provide hard figures soon as the gradual drift will continue as present mcap is to inflated based on a concept.
I agree the concept is likely to bear fruit but until those numbers are showing revenue and profits its all supposition.
If those numbers are not in the public domain until Nov.. dec expect to see a signicantly reduced mcap and likewise share price.

That's OK...

Go into sealand capital galaxy...
Draw down on reports and announcements
Full information available

It was necessary to improve the current assets on the balance sheet...any major contract negotiations with larger entities will do financial due diligence.
They want to ensure that the company has sufficient liquidity to sustain sales supply chains over the given period of the contract.
Standard practice...
For me a buy....in my opinion

Do you recall all those early podcasts ...the company was on the cusp of greatness with many commercial opportunities which for reasons of confidentiality couldn't be discussed.. they even employed a new sales manager over a year ago.
Well 12 months later we have no commercial revenue of an significant value but hold on they have arranged a trade show.
You can only but laugh...
Talk about a lifestyle company ...this has to be the
Ultimate description of one. All inmo

Hopefully we should have some significant share price movement leading up to results on the 23rd September.

Market reacting to additional shares and mcap dilution in the coming days...Will bounce when this has been churned ...