Try what? He raised a question about cash and I added about locked in shares. Didn’t realise this was a cult. Your response shows how insecure you are about your investment here. Some are capable of looking at the opportunities and threats and make a judgement instead of just ramping under the guise of “notes”.
Worth bearing in mind, 25,600,000 shares will no longer be locked in on 15 September this year. See Para 2.2 of the 25/2/19 RNS. Also see 11 and 15 March 2019 RNSes confirming the "Completion Date". Not read the investment notes so apols if that was covered.
RE: If I was going to buy out/RTO a company....3 May 2020 12:11
Why would you make an offer to buy 100% of a cash shell and take it private? It has no assets or business. Whole point of a shell is that it's an easier way to list a private company (not having to start from scratch with the listing process). Riches come from the RTO target increasing shareholder value (e.g. proving up a resource and getting into production). You may get lucky and they do a fundraise at a massive premium to the pre-suspension price.
JM, where’s there a drop it’s either as others have said stale holders and traders have left or because a placing is underway. I’m wary here because they’ve done 2 placings this year for small amounts rather than just one raise to see them through to RTO. I lean toward the former given we’re at the final stretch but can’t put anything past Bangkok Brooke.
There never is prison time. Look at frauds like Mysquar, Cloudtag, African Potash, MRS etc etc. Then the dodgy sheikh deals. In this case, Greenwood seems legit and has resources experience.
I'm not an RLD lad as well? Other than disagreeing with the Fura RTO sideshow, I've been positive on Greenwood stakebuilding and that he'll be the driving force behind any RTO. I like Bangok Badboys, that's sticking.
Potential to put in a lower high and take a breather from a TA perspective. Not surprised by profit taking given then mental moves on offer at these biotech stocks.