Anyone have accurate closing price?
And for those people who are saying they only hold 7% of PDSB, that 7% could be worth a small fortune if this really is as effective as the RNS says it is.
What you seem to fail to grasp is the audience you describe is not big enough for this company to ever make a serious amount of money.
Sure, they have some good content and will sell a few tickets but not enough to make a serious amount of money.
They have failed to take advantage of the lockdown when they had a captive audience.
The other massive downside is that for the full immersive experience you need a VR headset. Most people don't have one and wont buy one just to watch a concert.
And before you tell me it's not just about the VR, are people really going to sit and hold their mobile phone or tablet to watch a concert when most people these days consider a 42-inch TV to be small?
Just a few minutes ago on Look North they are talking about the live concert that has just taken place at the London Palladium. 650 people watched Beverley Knight . They interviewed a few people afterwards who said "I nearly cried it was fantastic you just can't beat the live experience of actually being there".
This company has failed to take advantage of the situation and now they have missed their chance. After the country have been stuck in their homes for the past 4 months people will be desperate to get out and go to live concerts.
Who in their right mind is going to want to stay at home and watch a VR concert or VR Theatre performance.
Regulars on here who will be loyal to this company until the end of time will remember several months ago I mentioned I was in GGP and Eurasia. Well GGP have doubled since then and Eurasia Mining (who were suspended in Feb) have almost tripled.
Melody VR could have capitalised on the fact people have been stuck in their homes for the past 4 months with Cinemas, theatres and other venues closed, but they have failed to do so. And now people are desperate to get out of the house.
And the share price is still sub 4p.
If anyone would like a reasoned and balanced discussion bring it on. Tell me that people aren't desperate to get out of their homes and to go and see things in person, in realty, not "stuck in the house" virtual reality.
I am watching this on my real time chart and there are three times as many sellers as buyers so far.
This has only been tested on 50 people and has only done Phase 2 trials. They now need to do phase 3 trials which are lot more expensive and require a lot more detail. After rising 500% yesterday this is only going to go down today.
They will probably need to do a raise to fund the phase 3 trials.
Loads of potential for sure but it just went up to much too fast.
Brokers probably made them release this morning's news at 7 a.m. which which basically says exactly as I have above.
Remember Novacyt 12 bagged to 500p (from 40p on that famous Friday in Feb). And that was just for the test kit, not a treatment.
Novacyt was closer to 17p a month earlier so it 29 bagged to 500p and even at todays price it has 15 bagged (17p to 260p).
This hasn't ten bagged yet, but it will over coming weeks.
The rise and fall of B R Shetty and NMC
https://youtu.be/Mac0HJTJgiA
There are some good posts below stating a few of the perceived benefits of the merger.
However as a long-term holder I am massively underwater on this share having bought in (when I didn't really know what I was doing) on the day they announced the tie-up with Shell when the share price was closer to 6 or 7 pence.
The only way I see me ever recouping a decent portion of my loss is to wait until Shell eventually (hopefully) announce the drill program will actually take place and give a date. And hopefully they will Strike oil and this share price would get back above 6 or 7 pence.
Selling out at sub 1p per share is not very appealing. Many investors feel that since Algi Cluff retired there has been a lot of shenanigans going on with one of Algi's city mates paying I think it was around 3.7 pence for some shares at one stage, so he is also severely underwater.
That said, is there a chance RBD shares will increase tenfold so I would get my money back more quickly than if Deltic went it alone?
I understand that if the takeover did go ahead the shell drill might still go ahead perhaps at the same time it would do but if RDB are a much better ran company maybe Shell are more likely to go ahead with the drill programme than they would with the mismanaged Deltic Energy.
Most companies aren't going to accept the first bid anyway, but if the bid price is increased I can't see it going too much higher given the current economic climate and the oil situation.
Dmitri said resources were 15m ounces of Palladium. So at $1,960 per ounce (todays price) that's closer to $30 billion.
Any newcomers who want to find out more about the potential should watch the Dmitri interview on Proactive Investor.
See https://youtu.be/d_YMY6yiMDE
The interview lasts 31 minutes. If you want to skip to the interesting bits see my summary below.
At 3m 42s he says "many people talk about the Palladium, but we also have Rhodium, which is $5,000 per ounce".
He said it is in soft rock compared to hard rock which means there is no need to blast which keeps costs low.
At 5m 04s he said Eurasia's production costs are amongst the lowest in the industry so if prices plummeted Eurasia would be the last to die.
The interviewer then asked him what the production figures were. Dmitri said 7kg per day (I played this part back a few times he didn't say what the 7kg was).
At 10m 30s he said resources were 15m ounces of Palladium. So at $1,600 per ounce (todays price) that's $24 billion. (happy for someone to confirm my calculations and correct me if I'm wrong).
26m the interviewer asks how long will it take to get a deal done? Dimitri said they are not in a rush to get a deal done.
From 27m they talk about offers and the nomad.
28m 35s Dimitri says "if and WHEN the offers are on the table"... (there seemed to be a deliberate emphasis on the word WHEN, not if).
Hope Amazon get involved..
Just imagine the following scenario which is a distinct possibility.
They lift the suspension on the Thursday knowing they are receiving confirmation about the flanks by the end of the week.
They probably know the price will rise significantly on the Thursday but wouldn't want to also release news of the flanks on the same day day as it probably would not boost the price in the same way that a separate news release about the flanks would.
So sometimes tomorrow, not necessarily at 7am they post the news about the flanks being approved.
The price is likely to rise in the morning without news, and could get a massive boost in the afternoon if news is forthcoming.
Imagine the press coverage they will get over the weekend anyway with a lot of new buy ins on Monday and throughout next week.
Good press coverage over a weekend can make all the difference as many people who do not do research daily often just do their homework on a weekend and and then invest when the market opens on Monday.
Of course another good strategy would be to let the share price rise naturally over the next week and then release the news about the flanks. We might be at 25p by then which would mean a much bigger increase.
It's nice to think of these things knowing suspension has been lifted and that we are trading again, up 77% after just one day.
Over 1,200 post today, not bad.
I made a post a few months ago worried they might not relist. Some posters such as Crabbie reassured me. So thanks to everyone who did, I appreciate it.
Any newcomers who want to find out more should watch the Dimitri interview on Proactive Investor.
See https://youtu.be/d_YMY6yiMDE
The interview lasts 31 minutes. If you want to skip to the interesting bits see my summary below.
At 3m 42s he says "many people talk about the Palladium, but we also have Rhodium, which is $5,000 per ounce".
He said it is in soft rock compared to hard rock which means there is no need to blast which keeps costs low.
At 5m 04s he said Eurasia's production costs are amongst the lowest in the industry so if prices plummeted Eurasia would be the last to die.
The interviewer then asked him what the production figures were. Dimitri said 7kg per day (I played this part back a few times he didn't say what the 7kg was).
At 10m 30s he said resources were 15m ounces of Palladium. So at $2,000 per ounce (todays price) that's $30 billion. (happy for someone to confirm my calculations and correct me if I'm wrong).
26m the interviewer asks how long will it take to get a deal done? Dimitri said they are not in a rush to get a deal done.
From 27m they talk about offers and the nomad.
28m 35s Dimitri says "if and WHEN the offers are on the table"... (there seemed to be a deliberate emphasis on the word WHEN, not if).
Anyone who has just invested or is considering investing should watch the video.
I remember this company well well from a few years back just after they changed from WideCells to a ten a penny media company.
I mean, come on, you couldn't make it up. That fiasco was exceptionally well planned by Sefton and his brokers to make them large amount of money.
Talk about death spiral share placings, conversions, tranches, issue of new shares and other shenanigans that were so cleverly conceived and complicated even some brokers had difficulty understanding what was happening.
And now more than 8 billion shares in issue. A whopping 2,000,000,000 new shares only recently announced.
I feel compelled to spend a few minutes posting this because so many people lost so much money back then (namely private investors), whilst other people made money (David Sefton, his brokers and the staff who he subsequently hired to run this company). Many people who hold senior positions failed spectacularly to keep their previous company in business which was the well-known Unilad.
I spent an hour on LinkedIn looking them up and doing some cross-referencing. What a fascinating spider's web I found. Not to difficult to untangle if you look closely. Talk about being in bed with one another. This typifies the phrase "jobs for the boys".
I've just read a few posts below and it sounds like similar things are happening again. As someone has already pointed out ate any of the current directors heavily invested. Nope.
And any company who posts an RNS after 5pm on a Friday night should be met with the contempt and high suspicion of someone who is trying to hide something or to sideline bad or poor news.
Like I say, media companies, website design companies, search engine optimization companies etc etc etc are ten a penny. There are many excellent agencies out there who have some very talented people, but unfortunately this company is not one of them.
Stay clear. I often use this as a case study of what can happen to a once decent company like WideCells with has prospects which is then used as a vehicle for someone to make a killing and then turn it into something that is doomed for failure only for the the orchestrator to do a runner a few years later and move on to his next adventure.
The fact that Sefton is now getting involved again with some Mickey Mouse scheme that this company shouldn't even be involved with in the first place.
Just a farce.
That is exactly the point I made in my post. Amigos annual percentage rate is a tenth of what some of the payday loan companies charge
chrisengland said there is no market for payday loan companies.
Amigo isn't really a payday loan company. Pay day loan companies such as morses club charge 466% APR for a £200 loan and morses maximum APR is around 700%.
In comparison, Amigos APR is 49.9% which makes them massively cheaper to borrow from than companies like morses club and provident Financial.
Whilst you could argue Amigos APR is less so they make less, the flip side is of course they have the potential to do more loans because more people will choose them because they are cheaper than the competition (the competition for people who have difficulty obtaining loans).
So if I couldn't get a loan from Lloyds or Barclays I would much rather pay 49.9% than between 466% and 700%.
Robinson2018, one of the biggest rampers I have seen in a while.
Today you said "I will buy back in at 7p soon" but on Friday you said "This will be 70p in coming days. Fca Hurdle And big cash position 136 million".
So on Friday you were predicting 70p but today you are expecting it to drop back down to 7p.
So which one is it then?
You say it is going to go up when it is going up and you say it is going to go down when it is going down.
Your skills are tremendous lol yawn
Robinson, you are one of the biggest rampers I have seen in a while. Having just read your recent posts I can see you are just a fly by night ramper.
Today on the Amigo page you said "I will buy back in at 7p soon" but on Friday you said "This will revers back to 70p coming days.Fca Hurdle And big cash position.136 million.Dyor".
So on Friday you were predicting 70 p but today you are expecting it to drop back down to 7p.
So which one is it then? You say it is going to go up when it is going up and you say it is going to go down when it is going down.
Your skills are tremendous lol yawn
I remember this company well well from a few years back just after they changed from WideCells to a ten a penny media company.
I mean, come on, you couldn't make it up. That fiasco was exceptionally well planned by Sefton and his brokers to make them large amount of money.
Talk about death spiral share placings, conversions, tranches, issue of new shares and other shenanigans that even some brokers had difficulty understanding.
And now more than 8 billion shares in issue. A whopping 2,000,000,000 new shares only recently announced.
I feel compelled to spend a few minutes posting this because so many people lost so much money back then (namely private investors), whilst other people made money (David Sefton, his brokers and the staff who he subsequently hired to run this company). Many people who hold senior positions failed spectacularly to keep their previous company in business which was the well-known Unilad.
I spent an hour on LinkedIn looking them up and doing some cross-referencing. What a fascinating spider's web I found. Not to difficult to untangle if you look closely. Talk about all being in bed with one another. This typifies the phrase "jobs for the boys".
I've just read a few posts below and it sounds like similar things are happening again.
And any company who posts an RNS after 5pm on a Friday night should be met with the contempt and high suspicion of someone who and trying to hide something or to sideline bad or poor news.
Like I say, media companies, website design companies, search engine optimization companies etc etc etc are ten a penny. There are many excellent agencies out there are full of creative talented people, but unfortunately this company is not one of them.
Stay clear (although I often use this as a case study of what can happen to a once decent company like WideCells with prospects which is then used as a vehicle for someone to make a killing and then turn it into something that is doomed for failure only for the the orchestrator to do a runner a few years later and move on to his next adventure).
Moments ago on CNBC Dallas governor wants to test 500 people per day at each site but says tests are in short supply.
Georgia and Tennessee have both just reported record cases today. Georgia confirming 3000 new infections overtaking Arizona for most new recorded cases.