Member Info for guzzler1962

According to Blowster the reality is progress has been made.

Today we learnt that Held needed £217K for working capital purposes for 5 weeks.

The recent loan is for £860K.

Unless new financing is found, this is going to the wall.

the £217k means they have enough money for 5 weeks.

basically held are skint and the ceo has up to now been unable to provide any evidence the company is doing was it actually claims to be doing.

the red flags have been there.

pump and dump merchant talking ******.

investor led presentation provided ceo to tell them what they wanted to hear whilst unable to provide any substance.

new telegram group set up to suppress negatives.

riverfort and peterhouse combo.

Annoying genuine investors?

I'd have thought an all time low SP would be the cause of that, rather than a few who consistently call the pathetic 88e journey correctly?

Redirons,

Is that the best response you can muster? To accuse me of having multiple IDs?

Here's a few things you should have learnt since 2017 but haven't.

1. Never fall in love with a stock.

2. Never hold for results.

3. Never ignore the negative posters, especially when they have a track record of being correct.

4. Never think the BOD are your friends.

One day the penny might drop. Maybe check how many shares were in issue when you first invested, work out the Mcap then, versus now would be a good place to start.

Perhaps consider when the next catalyst is for 88e and if its likely to move the dial.

How long will the summer be with no liquidity as the rampers jump ship before the next inevitable cash call?

Alternatively, you could spend another 7 years dreaming that 88e will provide you with some sort of worthwhile return.

It's quite unbelievable that someone who has been invested in this dog since 2017 made the mistake of holding through results.

Not only that, but has ignored the interpretation of this project by Olderwiser, the one poster that correctly interpreted the updates from Icewine 2.

To top it all off by stating the SP can't go lower is ridiculous.

The Mcap for this company, with its long history of failures, is £62M.

Let that sink in.

Never has the adage "you can't educate pork" been more apt.

Basically, what you are highlighting is any AIM company that requires capital is struggling in these markets and at risk of going under.

And it's obvious that funding, if secured, isn't favourable for shareholders.

On that note, it's probably best to point out to the DC fan boy who thinks that 50 BL events will pull in decent revenue, that at its height of 76 events in a calendar year Clit issued a profit warning!

hi david

anyone told you you're a ****?

So if each zone takes 10 days and they started on the 11th, the first results are due from tomorrow on.

Does anyone honestly think if results are good they are just going to sit on them? Or think the results won't get leaked?

Only gamblers and those underwater would hold for results (unless they've had a nod).

Updates and results in coming weeks? Hmmm.

Very much a binary play now with the added complication they might be attempting to spike the price.

I might be wrong, but those that have followed this stock on this forum for a number or years might recall that Olderwiser accurately called the Icewine2 dud.

Foolish to ignore in my opinion.

The Pension Fund selling has absolutely nothing to do with BOD renumeration.

If you're going to put out a negative viewpoint, at least keep it factual.

0.26p equivalent.

10%+ minimum to anything above 0.30p that was being paid last week.

Market didn't like the ANN released on Friday with some posters pointing out on Hotcopper that a 10% drop was the norm for such news.

There is a 5 day clean up in operation.

It could be concluded over the weekend.

If a problem is encountered during this clean up an ANN could drop Sunday night.

The SP will react accordingly on ASX which means that Monday morning at 8am the SP will be marked down.

So people have a simple choice.

Protect their money incase there is a problem, or hold in the hope operations go to plan.

Looks like the new positive "let's back David" blogger is a reincarnation of a previous deluded fan boy.

There's no movement in price because LSE is matching ASX. It's not difficult to understand.

If an ANN is issued tonight regarding mobilisation completed and still there is no upward change, then the window to derisk for results becomes smaller.

As always this is a binary play.

Buy now hoping for spike during flowrates then get out over next 8 sessions in case market doesn't like results.

ASX was 0.29 v 0.31 equivalent overnight.

Current ask is 0.305.

ANN tonight possibly might boost the SP so if the SP dips you might see buyers in for the gamble.

Have I just read that a new investor to 88e expects the Mcap to be close to £1B before flow tests?

That's where you're going wrong Red. Surely by now you've realised this isn't an investment stock?

It's a "make some money on the annual pump stock."

More shares issued today.

Anyone know what the current Mcap equates to in SP from back in the day?

Over 3p?

The reason Scot gets abuse on here is because he consistently points out that 88e is overvalued.

He backs up his claim too.

It triggers the cult that have spent years believing this company is on to a winner, and it triggers the traders that are gambling on a spike.

What Scot isn't taking into account is 88e is a retail favourite.

Fundamentals, for a short period of time, go put the window every year.

I think we're in that window now.

Volume is up, the SP is off the bottom, money to be made hopefully over the next few sessions.

Pointless swimming against the tide.

Caveats apply. Don't hold for results and don't hold for more dilution which is inevitable.