Member Info for guzzler1962

"At present the success of the NFT revenue stream is thus also uncertain."

Can't believe they tried to get people to cough up their hard earned a couple of weeks before admitting this could really go to the wall.

How much cash has been raised and how many shares gifted to date to go down this rabbit hole?

Bunch of fooking amateurs.

Morning WeeDave

Whilst you are indeed a Tr1 holder, I don't regard you with the same disdain as the other pair.

Sincerely hope you can retrieve something from this, I don't like seeing decent people lose out.

Good luck.

New NFT sales amount to £182K.

No mention of revenue split.

Assuming MOS gets it all, that £182K covers 7 weeks cash burn.

Of course they have to raise.

They didn't raise anywhere near the amount they wanted to keep this going 12 months.

Gross profits tumbled to £12,000, down from £450,000 a year ago, while gross profit margins decreased from 44% to just 1%, reflecting the inclusion of "significant upfront royalties" on NFT contract revenues. On an underlying earnings level, trading EBITDA came to a loss of £2.8m, widened from 2022's loss of £1.4m.

Remember the names of those that tried every trick in the book to suppress the warnings regarding the dreadful performance of the NFT venture.

Posts being removed and posters being banned from share chat platforms.

People being abused for pointing out red flags.

The ridiculous ramping of 20 live drops.

The point blank refusal of Tr1 holders to provide an investment case or clarity on NFT sales.

The refusal to acknowledge the IGS contract had ceased.

The stupid Mcap predictions and "watch this space" rhetoric from the biggest shareholder who continues his tactic of conning others into believing he knows big news is coming.

Dreadful people with no morals who have been happy to entice buyers into this car crash of a Company.

Have the Placing shares been added to the register yet?

Might be worth working out current Mcap and the SP and then adjusting for the extra shares 👀

Cash at end of 2022 £1.6M

Cash 6 months later £0.9M

Revenue from NFTs £182K.

NFT revenue expected to replace IGS revenue which would mean a 1000% increase 🤣

I think someone has been on the Harvey's Bristol Cream over the festive period.

Over £100K Cash burn per month with negligible revenue coming in will explain why the BOD took options rather than Cash for wages and why they failed to raise the amount they needed for working capital.

Audited results up to end of June might be OK because the IGS guaranteed revenue was still in play.

Since then there has been little evidence of meaningful revenue which has resulted in a desperate cash call where the BOD have had to turn to existing shareholders in an attempt to bail them out of the mire.

Jimmy Stocks

I've probably forgotten more about the stunts Ciclitira has pulled than you will ever learn.

You say everyone makes their investment decisions on the information at hand. The irony being you ignored the information I was more than happy to share with you.

Why did I stick around? In the hope I might save some folk from losing out.

Everything I have stated on Telegram, or here, has been factual and I've been consistent in my rhetoric.

Obviously it didn't sit well with you, especially the Jason Lee nonsense, which again I cautioned you over.

The result? The usual abuse which is stereotypical of someone overexposed and on the wrong end of an investment attempting to suppress the obvious red flags.

Who knows, my knowledge of what Ciclitira (and his BOD) has said over the years might come in useful one day. His lies will catch up with him eventually and I for one can't wait.

Actually, there are 2 Telegram groups.

The one Jimmy Stocks is referring to originated because the first group kept highlighting the negatives and DCs failings. Not something the believers wanted to hear so decided to form a new group for grown up discussions only.

I'm shocked to learn it isn't very active 🤔

WeeDave

The market values this stock at £2.9M with 4.37 billion shares in issue.

When new shares are added, and the only reason they have been issued is for a high risk, unproven project that is months away, what Mcap will the market value this stock at?

If its still valued at £2.9M,(results are due) then you might just get your wish of lowering your average.

WeeDave

I don't know what Epsteins pitch has been to get shareholders to participate in this raise, but I can imagine its based on fanciful revenue figures further down the line.

You don't need me to tell you his modus operandi is to over promise and under deliver.

His pitch didn't work with others though because he failed to raise the amount he wanted.

A bookbuild for existing shareholders was never the plan. But desperate times require desperate measures and he's turned to the old faithfuls to bail him out.

Good luck to you, you seem a decent bloke that's found himself in a nest of vipers.

WeeDave

Don't fall for the nonsense.

£300K raise isn't enough and those warrants will never come into affect.

Barry buying more in the bookbuild, which is a pretty good indication the SP will soon be trading 20% lower.

I'm sure by now everyone recognises that when Barry issues a Tr1 it's the biggest red flag in MOS.

The Directors assessed the recoverability of the convertible loan made to Quanta Media Group (a £414k loan intended to fund them through their pre-IPO phase) and have made a provision against the whole amount. Quanta has failed to deliver its original business plan, has failed to pay monthly invoices and is not expected to make repayment of the loan on 31 December 2022 as originally expected. Discussions continue to resolve the matter, and although the Company is providing against the full value of its loan to Quanta, it remains hopeful that a significant portion can be recovered and will advise Shareholders accordingly.

How much did WA Technology put in? 👀

The consideration for the acquisition is £125,000 to be paid in shares, which are subject to a minimum 12 month lockup, and up to £75,000 in shares in three equal further tranches based on revenue derived from specific existing contracts over the next 12 months.

Did he ever receive the extra £75K of shares?

Also worth noting is LiveScores were supposedly operating in Italy and Africa.

It's fair to say that any RNS issued by this company isn't worth the paper it's written on.

I'm not sure how the Nomad, who's job it is to protect investors, allow such jam tomorrow garbage.

Hepseal

It's all a tad too incestuous for my liking.

The bigger question would be why couldn't they raise the funds from outside?

Including today there are 9 trading days and 2 half trading days left until results are published.

Epstein also has to get a bookbuild away to existing shareholders only, (couldn't get outside interest) expecting them to pay a premium to current offer price just to receive warrants that will probably never come to fruition.

Desperate times.

Bunch of amateurs.

Disingenuous t#ats.

Where's my humble pie?

Hepseal

Unfortunately for this BOD and their ramping crew there are savvy people who are able to see through today's RNS.

Barrys only defence appears to be that folk should listen to what Epstein has to say in a podcast. I'm assuming the fool hasn't listened to the previous tripe from Epstein?

And then there is this statement from today's RNS......

MOS will sign service agreements with both Bet and Talk and the expected contracted fee arrangements from these agreements for services provided to Bet and Talk are expected to generate substantial revenue for the Company. MOS expects the combined impact of these agreements to get the Company to cash breakeven within 12 months

So cash breakeven within 12 months?

A bold claim considering they were trying to raise money (but failed) to ensure break even.

I think Epstein is being a tad economical with the truth again.