Member Info for Gloster

It’s all well and good pasting in new contracts but if they’re begging for extensions like chavs with maxed out Klarna accounts, they’re obviously not swimming in cash and no one else is looking to invest and clear out Cadogan’s interest.

There were no signs of it ever being exercised. For a start, they had a board coup and out in Fady the Useless. Previous updates stated they didn’t have the latest numbers from Proger so they’ve been messing them around for a while. Then we had the recent RNS that they’ve “reminded” them about the repayment date which is pretty blatant they just want the cash.

Process is for them to pay on the repayment date. They didn’t and it’s an event of default so CAD are entitled to enforce their security. They’ve had two years to get ready and had a reminder letter recently

MTFB. It took these guys 5 years to get to this point and they went back on everything they said in the IPO prospectus. It was meant to be about taking stakes in projects and getting them up the development curve so that private equity were able to invest. All in a non-dilutive way. Instead, they ****ed all the money away, did a death spiral and bought a fad asset.

This company is run by men without testicles.

prospectus filed with FCA, a few weeks I'd say

Appreciate the effort and most importantly sharing with us here.

So won the tax case, lost the licence case. What a palaver. Grab the Proger cash, dump the third world assets and SPAC up in the CBD sector. Looks like Fady is turning out to be another useless mouth breather

Friday or Monday. Funds received. Discussions to re-negotiate/restructure. Taking legal advice to enforce security. Interesting times.

I highly recommend contacting Brandon Hill Capital and indicating your interest. You could contact the company and ask to be involved in a direct placing. They will most likely rename to NGM. If you have a private client broker, ask them to keep tabs on your behalf. You can watch the RNS releases as they usually will announce a prospectus release but the fundraise may be advanced at that point.

Ermmmmm, when are these guys uploading the GM resolutions? Probably is the usual boring stuff but might have some clues about the RTO

I was in pre-RTO around 4p. AMA.

Suspect most will hang on given the weed sector is making a comeback. MGC bagged a few times so they’ll be expecting that either. We have RTO warrants at 10p so there may be resistance at that level.

All being well you can buy next Tuesday when they return to trading.

Drafty - when you back on Twitter, brah?

Exactly. The board seem fairly moribund but a special dividend to return the Proger cash would be a good move if they're not able to resolve the valuation disconnect between the NAV and share price.

Who’s dreaming? I’m throwing out extreme options. Perhaps add value with useful posts instead of being a miserable snarky King Knut.

Looks like it’ll be a cash repayment. Special divi ahoy? T/O target for someone looking to raid their cash pile?

50-100k? These are bucket shop placings, you could easily participate with at least a few grand. Dilution is dilution and they've lied in the prospectus about having sufficient funding.

There's a lot of zombie bagholders that have been here for a decade. They'll sell into any meaningful rise.