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I get it, you aren’t interested in chatting about Deepverge, that’s fine.
You stick to your sarcastic messages.
What mistake have I made?
So what do you think is going on right now? If the loan converts is the full amount at 3p. Very dilutive.
And if they chat repay them first £500k what hope do they have for the rest of it. So my original comment applies.
Or are you being patronising because you don’t understand the loan and don’t want to debate this?
Where do you get half a million in shares?
It would be £4.5mil in shares at 3p. You convert the whole thing not just the first payment.
Then if we require further drawdown then the warrants and everything else will be at this current level.
Because the management misunderstood the debt and only now realise the implications and mass dilution that the debt can cause.
A largely dilutive placing is preferential to converting the debt to shares which will destroy the share price even more and lead to greater dilution down the line.
The debt is completely tied to the share price so GB was gambling on a strong 6 months and it failed
Turner pope are an awful broker, dvrg need to change to be taken seriously.
Riverfort used to be a sponsor for share prophets, so Tom clearly has some link to riverfort.
The inside information would have been from leaky turner pipe, riverfort to TW, or both.
But blaming them for this mess is like blaming a saucepan for the bad meal. It won’t help you, but if the recipe is rubbish to begin with then the saucepan is doomed to fail.
In my opinion deepverge, GB or the cfo or both have made this mess and it’s been exacerbated by TW/TP
No one seemed to understand how bad this loan was when taken out, or they had no other options.
That’s the problem, none of us know what sort of financial black hole we are in. Given where we are now. I’ll take a 200% dilution if the alternative is bust. Then replace the management
Hutchy, you do realise that the loan will dilute us more than a placing would.
Get the placing done and clear the awful loan
It’s not that simple, we need to pay off current loan, we can default on it but then riverfort get a bucket load of shares at 2.8p to dump in the market.
Then the second £5mil will be taken by deepverge and riverfort will be issued a bunch more bargain shares and warrants at current price levels.
Ends up with more dilution than a placing. If anyone doesn’t understand how this works then reread the rns, there are people on Twitter that have explained and warned on this finance since it was issued in March.
Can’t say I didn’t warn you
Well played dish, no results? And that’s with the extra month extended deadline.
What exactly is difficult about a set of results with no revenues, no products and hardly any cash?
Should be the easiest set of results to produce.
Report being left to the last day again, I can’t remember a company ever treating their shareholders with such contempt as Dish.
Any bets on not being released Monday and shares being suspended again? Absolutely atrocious management behaviour
They haven’t got a product to sell so I can’t see how it’ll be anything but zero revenue and a completely weak balance sheet
But unlike you I’m always negative on dish. You’ll put spin on it as soon as you see fit
They have results due end of Jan so I would imagine an update in those.
It’s been a long time Ronald, weren’t you super bullish last time or was it bearish.
I can never remember as you tend to change your view point every week.
He’s just a trader after a quick buck hence the incessant ramping.
Why did dish loan a company £250,000 in December 2019 when they themselves were loss making and needed the cash?
A company called poppyflower investments, located in Geneva.
That’s the sort of questions I would be asking the company. Not ramping about whether or not they have a contract with the UK government.
For those of us who have been here longer, seen the likes of Ronald, Tanya and Jsmith come and go, Earl is just another one with no knowledge of the company who will disappear into thin air once he gets his little ramp done.
And another question earl just to test your knowledge of dish, what is PoppyFlower Investments Ltd?
That’s not how it works.
They will own 70% of Amala inc, so they won’t get the proceeds from the sales. They will benefit from NAV uplift. It’s pretty much a private equity investment vehicle now.
But will need significant funding.
Dish is Amala foods plc
The one actually producing the plant based products is Amala food inc which Amala foods plc will own 70% of.
So they will have a stake in Amala foods inc but not receive any cash flow and therefore still have a cash flow problem on the plc front.
If dish have a stake in a venture builder and a stake in Amala foods (separate entity)
Then there will be no cash coming into this company. They will have potential gain via the holdings but this version of dish will always need to get additional funding just to keep itself ticking over.
Any thoughts on this Earl?