Member Info for Globex

@CaneToad you've done that annoying thing some posters do on here and quoted just one part of my post, while leaving out most of it and the context, which gave the implicit answer to your why question.

We don't know their current cash position as they noticeably omitted it from the most recent quarterly report, so there is no indication that after all their other current liabilities they have anything spare for a bond buyback. Nor have they indicated in any document that buyback is something they intend to do.

Bond wise there's no way they'll be able to refi £50m in this sector and market. With the cliff edge deadline coming up, management inaction over selling is the clearest signal something is amiss here.

If your glass is three quarters full, there has been some UK reit M&A lately (eg BBOX/UKCM merger announced last week), so maybe they will surprise everyone with a white knight lined up to come to the rescue and make an offer for the equity. The only alternative I can see is default followed by administration.

Unfortunately it's clear you don't know what you're talking about

The trading company In The Style was bought out for a nominal sum leaving the cash shell then renamed to Its Arm. There was a vote for solvent liquidation, that vote failed leaving the cash shell. Around this time Peel Hunt bought then sold, they gave momentum to sway the vote in favour of continuation. Then new management came along with proposed RTO, the stock multi-bagged, then few months later suspended pending RTO. Nothing went bust.

The other thing that killed the hype is when they turned from being a software company, including stopping the app, into just being a podcast publishing company. So there's nothing to takeover now, if a company wanted they could just poach a podcaster currently signed up to Audioboom by offering them a better deal.

Btw below site had a pretty good analysis of various interconnected shareholders and clues about wrongdoings around the time of all the takeover fake news.

https://riverotter.co.uk/tag/audioboom/

Capital raises while trading below claimed NAV are a bit of a no-no, no other UK reit has done one in recent years good reason. Even if they were to break this taboo, one problem with your calculation is assuming they could raise £50m at 20p and not need to discount further.

The solution to their predicament is selling as much as they can as quickly as they can. There are plenty of routes to liquidate quickly including auctions. The £100m question is why they appear to be burying their heads in the sand and not selling anything.

That's all true Zak. In that 2021-22 period those takeover rumours were everyone on financial chats, twitter, you name it. It was a highly organised and orchestrated pump and should have been investigated.

On the way down there's been far less manipulation, it's rationally returned to the mean in line with pre-2021 before all those shenanigans started. Chart says it all. This is why it's so laughable a few die hards get worked up by the odd bearish comment here. They should instead be getting worked up about the rug pull that happened.

Crypto youtubers have zero credibility in my opinion, there is so much b*llocks on there. It is quite funny how they were mostly silent on the opportunities last year or in 2022 while some of us were loading up, now we're in a bull market and bitcoin is fashionable again they're all over it. On the other hand I wish them well because the more fomo they can create amongst the great unwashed the better 😁

For what it's worth Peel Hunt bought a similarly sized stake in ITS before the RTO news there went public.

My post was about Shopify's strategy. Amazon, is a different company with a million different moving parts not least the high margin AWS which offsets the low margin logistics side. More than that I cba going over Amazon's strategy for you too, but it also notoriously has low margins more than offset but its spectacular top line growth over many years.

Shopify does it all except for their own fulfilment which they now offer via third parties. They experimented with their own fulfilment but made the smart move to scale it back. With logistics being such a low margin business it was a dead weight, so they're back to being a high margin software only offering.

I'm not holding this but have dealt with a few cash shells. If the cash shell was abandoned and ceased trading (or if there's no reverse takeover within 6 months) the shares would be cancelled and no value would be realised for shareholders.

Any capital raised for the new company happens within that shell, so Verditek plc (or whatever it's renamed to after they've sold the opco) effectively becomes a holding company for the new enterprise. Management's incentive is they can continue to draw a wage via capital raises.

Sorrell does seem to be dropping a few breadcrumbs. His Times piece a couple of weeks ago referred to the threat to advertisers from the chrome update of 3rd party cookie blocking and its impact on targeting. That alone I wouldn't have though too much of, but then last week we had the FT article about AI threat which quoted him a few times sounding very bearish about its threat to the industry.

He does like to be seen as a go-to voice for this stuff so perhaps just loose lipped rather than deliberate signalling, but the overall impression is one of him trying to manage already low expectations.

@Lottohopes It's a bit messy as it uses derivatives, very high 2.5% fee, holds way less than $8bn imo - but it's difficult to track their underlying holdings. Overall bit of a weird product and I believe the reason it got traction is lack of alternatives in Europe.

The new US ETFs are better in every way. No derivatives, no bs, pure btc. As a sidenote it's a bit ridiculous we don't have access to those in UK. Will probably take a generational shift for regulators here to finally catch up.

Not sure why WPP would care about THG. What about the Guardian talking about his property deals, the FT and his dodgy £200m Warrington Council loan / offshore trusts, even the Mail and the profit warnings and his bonuses. Do you think all of the free press were taking part in a big short conspiracy, and it wasn't just that Moulding's own goals gave an enormous amount of fodder?

You keep making this same thread but have missed the reason the share price is falling isn't because of a poster here but rather the trainwreck management and the fact the company's cash is about to run out.

Difficulty continues to increase dramatically which is a problem for Argo because while their EH remains the same - which it will because unlike other miners they have no expansion plans - the amount they can mine will decrease accordingly.

They probably earn their wages by communicating brilliantly with the 65%, but forget it if you're part of the 35% scum

Well said dagenham, it's the one downside with these btc pumps, having to wade through absolute load of nonsense from likes of Openheimer with his strategy of buy high / panic sell low, or even worse those QBT cross ramps