Member Info for guzzler1962

What we know so far is last year Epstein promised us a £100M Mcap Company off the back of affiliate revenue from LiveScores operating in different territories.
Clearly that was all fluff.
That arm of the business which was going to see the SP sail past 1p and make us all rich isn't even a priority any more.
The market reaction to the RNS saying we had full control of LiveScores tells its own story.
So we move on to NFTs.
The result, double the shares in issue in 9 months because of 2 ridiculously discounted placings with warrants.
Nobody signed up for this outcome last year.
It's AIM at its very worst.
He has just a few weeks to release news on these stella deals and the market will crucify us if a solid guaranteed revenue isn't announced.
Pie in the sky agreed targets will no longer work because the market doesn't believe Epstein can pull it off.

To maintain his percentage holding due to the 0.3p Placing, our Tr1 holder had to inject a further £120K.
Regardless of some folks opinion it can't be denied he has supported the Company.
I would assume he will continue to do so.
The next Tr1 should shed some light.
So the question is, why wasn't he approached until after hours on Wednesday?
Known pump and dump operators in the know before a staunch long term Tr1 holder.
It's just wrong.
Or as the BOD told us yesterday, it's unfortunate.

Something else to consider.
We were told yesterday that our Tr1 holder wasn't told about the raise until after hours Wednesday.
But Burton said on the interview they had been working on it for a while.
They wanted to get it away at 0.20p but Peterhouse clients held them to ransom.
They wanted 0.18p for an extra £600K.
Existing shareholders just applied for £400Ks worth and were scaled back.
So who are the winners here?

Kwota

Take a look at how many shares were in issue at the end of 2021.
Then look at todays figure.
It is simply quite staggering.
And this increase in shares has happened after Epstein told the market he was in control of cash burn, fully funded until the end of 2022 and the growth of the company would come from recurring revenue.
A £100M Mcap in the making.
Long before any NFTs were mentioned.
We've been played.

Will they release a quarterly report in November?
Or will they skip it and wait for the audited report end of December, which will only include figures up to June?
If revenues have increased from the last figures announced in August they should report it ASAP.
We need a change in sentiment and trust.
Increased monthly revenue, with no grey areas (IGS) will be a good start.

It's all very well saying that the revenue from deals will be bigger than dilution.
They have to prove it.
And during the last 12 months their projections on what the Mcap should be have failed.
They expected news released earlier in the year to be good enough to exercise the warrants.
It wasn't.
They took an opportunity to JV with Gfin, invested £250K in them and projected the deal would put us back above 0.40p.
It didn't.
And now we find ourselves waiting for deals that will offset today's dilution.
Concrete figures are needed, not some agreed target that might or might not be achieved.
Will he pull it off?
He's got until mid December.
The market will not be kind if he fails to deliver.

Momo

Epstein recently said that the intention was to get the Mexican National Team NFT drop ready for the World Cup squad announcement.
That is expected to be this month possibly around the weekend of the 22nd.
I hope they don't wait until next month.
We need good, solid news and good revenue from the initial drop. They can't afford to fook up this World Cup opportunity.

FreeBuffet

Here's a fact for you.
After the 0.3p Placing a zoom call was held for investors.
The BOD did their best to pacify shareholders.
Epstein said that in a short period of time the SP would be back to pre placing level of 0.4p.
He then promptly diluted us again at 0.29p.
Today a hastily arranged presentation where Nigel Burton tries to pacify us by saying his average is mid 30s, he's the biggest shareholder and aligned with us.
And of course there's the 26 week outlook.
Perhaps I misheard, I'll listen again when it becomes available.
But essentially, it's the same old tosh as last time with bells, whistles and more warrants attached.
These new contracts better be big, and they better be transparent, otherwise its a very long winter.

FreeBuffet

I say it as I see it.
Always have, always will.
Unfortunately for me I never back my conviction, and sadly, like everyone else I'm licking my wounds today.

Unfortunately I missed about 10 minutes of questions.
But if the Pumas upfront cost was $310K over 5 years, what deals are they working on, and were worried they would lose, to have to have £1.2M behind them?
Individual golfers and boxers were mentioned.
Big contracts needed very quickly to justify the raise.

And they've been trying to raise for a while now.
Looks like Peterhouse clients held out for 0.18 instead of 0.20.

Jam tomorrow.
Rolled out the "opportunity too good to miss" line.
Add in 'transformational' and 'stratospheric' and I thought they were going for a Royal Flush of ramps.
But not to worry, several deals to announce before the World Cup, one they had to cut the meeting short for.
And Nigel said come back in 26 weeks time.
And they definitely weren't saying the same thing last time. Honest.

The number of shares in issue has increased by 64% this calendar year.
That's just over 9 months!!!
Shareholder approval is needed for today's warrants at 0.3p.
Need to assume some pump and dumpers will want those warrants.
In light of this ridiculous addition of shares, do we need a clause to reduce the headroom for next year to protect ourselves from further dilution?
Epstein has proved he will use whatever is available.
On a side note, it hasn't gone unnoticed that Epstein held the last AGM when our Tr1 holder told him he was unavailable.

Itacon

You attended a zoom call 2 weeks ago.
After listening to Epstein answer questions (3 from me I think?) you promptly declared you were putting your hand in your pocket and fully supported the BOD.
To be honest, I preferred you when you were sceptical.
There's a lesson to be learnt from that episode if you care to look hard enough.

Itacon

After the Placing in March there was a zoom call to explain the situation.
From memory I was the only one to offer any criticism.
I can put my point across politely and diplomatically and I did so.
One point I believe I stressed was trust/sentiment.
How do we recover from a ridiculous discounted placing?
We were informed a quick return to 0.4p.
So now I have a choice.
Do I take the same route today at 2pm?
Things are pretty raw at the moment. I'm not in the mood for diplomacy.
Today's Placing is 50%+ lower than the SP in March.
By your own admission you've been involved in just half of one presentation. Ever.
You're not really qualified to call me out tbh.

I've just been informed by someone that they declined the Placing two weeks ago.
Obviously it's difficult to ascertain what is true or not.
But I find it incredibly difficult to grasp why a major shareholder wouldn't be given more time to participate (and support) a raise.
Whatever is the true version of events, its another example of Epstein having scant regard for his loyal long term investors.

Hepseal

He was also ramping it on Telegram yesterday, during hours.
To a group with over 600 members where he is Admin.
Keep up the staunch support, very admirable of you.
But the reality is, the vast majority of shareholders have been played.
Whether they recognise it though is a very different matter.

Hepseal,

To know there is a Placing coming means you have been made 'inside'.
Are you saying you think it's appropriate for a major shareholder who is inside to be ramping a stock hours before a heavily discounted placing with warrants?

Amtech

After the last Placing our resident 'True Blue' handily had a spare £120K available to maintain his percentage holding.
I often wondered about that.
Now it appears he was ramping MOS last night on Twitter (I'm blocked but seen screenshots) in the knowledge there was a Placing coming.
Let's see what happens in the coming weeks as to Tr1s.

ripperg

The old adage applies
Never trust a Tory