Member Info for HeadInTheSand

There is (of course) zero connection.

The company whose IP Apple has allegedly infringed with its latest Smart watches is openly named in all news stories on this subject as Masimo.

More smoke and mirror misdirection from the desperate, I'm afraid. Oh and the ban on imports (and thus sales) of the Series 9 and Ultra 2 Apple smartwatches in the US has just been lifted, meaning that it actually never came into effect anyways.

From the first post in this thread, it seems that HL have either just read the most recent update on the CTAG website, or were possibly just sent a copy n paste of thar disingenuous wording.

Disingenuous? Sure... among several red flags, the most obvious to me is the utter BS that the alleged agent is obliged to contact EVERY SINGLE SHAREHOLDER "in unison", I.e. at the same time (errr WHY???). Anyhow, unless this can be done (according to the latest fairytale update) , no details will be revealed/released.

Priceless (though valueless would be a better description)...

Of course you did, BV. Utterly believable. After all, you've shown yourself over the last few years to be the absolute epitome of truthfulness...

Merry Xmas to the genuine posting here.

Of course, BV conveniently forgets to mention his previously much trumpeted average holding price of "millions of shares" at 0.8p...

Quelle surprise... not.

And in case this hasn't been realised yet, this particular little beauty from todays' can-kicking update:-

"Shareholders should also note that part of the complexity is due to the fact that the agent needs to notify all platforms and shareholders in unison."

...ensures that the can will be kicked for a good while longer.

Forgetting the obvious begged question (namely WHY does the agent need to notify all platforms and shareholders in unison?), this now sets up an interminable delay, as the agent allegedly needs the contact details of ALL shareholders before notifying any of them. How about those whose broker platforms sent them a share certificate? How about those who have moved house?

It is of course all a ludicrous crock - but ongoing delays and the spurious reasons for those have been teed up.

I'd suggest two teensy things.

1. Wait till the agreement on the replacement financing is actually signed. Currently it's just non-binding terms - and after all, we've been here before with ANGS more than once (e.g. the successfully negotiated deferment of payment on the missed hedges that was announced... but then turned out not to have been agreed at all).

2. Presumably once it has been finalised and signed, it would be sensible to wait to see the full suite of terms attached. Re the estimates of GP that some are making and in turn the likelihood of potential dividends, these are literally impossible to calculate at the moment. Specifically given the hedge-replacing "dynamic rolling gas price protection programme" and equally importantly, the "cash sweep whereby 50% of Angus' revenues (after deducting all group wide costs, including financing charges) are to be applied each quarter to redeem the loan". And then there's the 8% of all gross revenues that Mercuria is presumably still due after the senior loan has been cleared...

Sight of the actual detail is definitely needed.

I just prefer to focus on what the RNS actually states.

You did indeed assure that replacement financing would be concluded this week, Onetomany. However, you're not 100% right... the announced partial set of terms are stated as currently being non-binding, so this isn't over the line quite yet.

Having said that...

Good things, if this is concluded? Firstly the 5 year term, which gives ANGS much more time. Secondly, an interest rate of 8% over SONIA (which is currently 5.2%) although not cheap, is clearly better than 12% or 15%.

Hard to know how the market will react, because there's not enough detail on many crucial items. The "protected price" for gas being one, the arrangement fees being due for another and possibly most important of all, confirmation of whether the 8% of all gross revenues is still payable to Mercuria, once the senior loan is paid off.

The market needs to be made aware of the details, especially given the fact that ANGS will pretty much instantly utilise £12m or more of that £20m facility as soon as it gets its hands on it.

So am I correct in thinking that, despite the latest assurances on the CTAG website, to date absolutely no broker, nominee, other financial institution or private investor has been contacted by Cloudtag or its alleged agent with any details? And in fact that the only hint of any existence of impending payments allegedly to be made are the few lines of text on www.cloudtag.com?

Colour me surprised...

Onetomany criticises others for talking "pish" as he puts it.

Ironic, given that just this morning, he's stated that "... gas price to remain solid at c£1.20 for 2024".

That's simply and entirely untrue.

https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5508883

Every single monthly 2024 natural gas price is under £0.90p.

Again, there's no need to despair if an announcement re replacement global refinancing does not come before Christmas. ANGS has another c. 4 weeks following that in which to get this sorted.

Sure, it could be, but it doesn't have to be.

It doesn't "have to be" before Christmas - ANGS just expressed hope that it would be.

It however does need to be before the c. £7 million repayment in full of the 2nd junior loan becomes due some time in January - or it's very likely to be confetti time again.

For info, the current daily production average (from data reported to the NSTA and measured over the last 30 days) is 71,424 therms a day.

That would give rise to a current monthly production expectation of between 2.14 million and 2.21 million therms a month.

BV, try being truthful (though the fact you make so much effort to discredit individual posters, rather than the contents of their posts is in itself highly telling).

Yes I have been a member of LSE since Dec 2016.

No I have not been posting on ANGS all that time.

Yes I have held ANGS shares in the past.

I'm completely open about not wanting currently to part with any of my hard-earned cash on ANGS, despite all your constant encouragements to whoever would listen over the last several years that this was a fabulous investment opportunity. Being that the SP is at a 52 week low, hopefully nobody listened to you.

Yes, a little more, starting with the fact that BV's statement is simply untrue (quelle surprise).

Zolander, I haven't even got a personal estimate of that floor price. Reason being is that ANGS currently faces literally existential issues.

It remains true that the company's primary asset has worth, so that's a good begining. However, such have been the company's continual massive under-estimations of the time and cost necessary to get itself into a position where it could start monetising that asset that it has needed to encumber itself with high levels of very expensive debt and other liabilities. This has given literally all the cards to the lenders.... the whole deck.

The fact that ANGS has a c. £7 million liability to pay in full next month (that being the 2nd junior loan) and the fact that it had to convert the last junior loan (that was only half the size) into paper just three months ago (despite having promised it had taken out said loans because it didn't want to dilute existing shareholders) leaves me thinking that I cannot possibly come up with even a vague opinion as to floor price at the moment.

Perhaps if affordably priced global refinancing is arranged prior to that c. £7m repayment necessity in a few weeks' time, things may become more clear? But at the moment, ANGS exists entirely at the whim of the lenders, IMO.

They are, Zolander. Well, for the adults who post here they are. There are a few here who are so paranoid about this share (possibly rightfully so, the way things are looking) that they will jump on any comment and/or poster that isn't gushingly positive and claim that they're some sort of troll.

In answer to your question, there's been no definitive answer given by the company that you could hang your hat on. It has said it hoped for this to be concluded before Christmas, but that it should be concluded before the c. £7 million that's owed on the 2nd junior loan becomes fully repayable in January.

One would hope that this time, this assurance from ANGS is accurate. For a change.

BV since you ask...

CTAG is a fascinating story, worthy IMV of its own documentary as it's a poster child exemplar of the twists and turns of AIM.

It listed in early 2013, made multiple claims and promises over the next four years (none of which turned out to have the slightest substance) and then following the resignation of its Nomad, the company was suspended in Feb 2017. (And if you know anything about AIM, it takes a helluva lot of doing to get a Nomad to resign - those guys usually stay collecting fees while not doing their legally tasked job of truth-checking for as long as humanly possible).

The company (not that it merits the word these days, but still...) then moved its provenance over to St. Vincent and all went quiet. However. over the last year via its website, it's been making claims that its locked-in shareholders are imminently due a pay-out for some IP that it's allegedly sold. As I used to keep an eye on it and the shenanigans it was involve din back in the day - and as its soap opera surprisingly seems to continue - I keep an eye on it.

If one is hellbent on averaging down, I'd respectfully suggest that it's best to wait until the falling knife has firmly embedded itself in the floor.

Right now, those "millions of extra shares" allegedly and near constantly accumulated by a lead member of the heavenly choir of cheerleaders over the last several months don't look exactly like the smartest of purchases.

Perhaps if easily verifiable facts had been looked at by said uber-positive pompom waver, he might have decided to wait and got a lot more paper for his money?

Still, each to his or her own, I suppose...

Silenced, BV? By your fact-avoiding made-up accusations? Hardly...

Thing is, facts do the talking. You'd presumably agree that the best time to buy a share is at its lowest pricepoint? Take a look at the SP, since that does all the talking that's necessary. If (and it's a fairly large if) this is the share's lowest level, then buying to hold at higher pricepoints (as you claim to have done on multiple occasions) was clearly not the best thing to have done. Your constant cheerleading has equally obviously not been worth paying any attention to.

As to what I see when I close my eyes? Clearly unlike yourself, closing my eyes is not something I am prone to doIng when it comes to making my own investment decisions - and ANGS is a classic case in point. I prefer to make sure I am aware of the verifiable facts in play...; since that does tend to work better.

JD-Nau makes a reasonable point. If ANGS does manage to secure reasonably priced replacement finance so it doesn't have to convert a further £7 million of debt into massively dilutative confetti next month, I agree that it would be in better shape.

The latest burning question regarding this so far undeviatingly disappointing company is - how likely is that?