Nice4 Dec 2019 08:37
Take this with a pinch of salt but this was posted last night and then took down on A D V F N maybe it is true?
Word on the ground is that the BOD have hired an advisor to facilitate the sale of its Sequestrumâ„¢, OnSite DLTâ„¢, OnSideâ„¢, and OnGuardâ„¢ blockchain products.
Sanders (3.28%), Meyer (3.4%), and tech millionaire Ramesh Para (17%) are rumoured to be pushing hard for this.
Upon completion, the company is to become an AIM Rule 15 cash shell and should effect a name change to reflect a renewed focus on the oil and gas sector. Guy Meyer is rumoured to be planning to introduce a new management team with strong oil and gas sector experience to deliver this.
Turner Pope planning to identify new investors for capital raise to effect RTO once disposals completed.
If confirmed by the company, shareholders will benefit from any potential upside from the sale of, or development and commercialisation of Sequestrumâ„¢, OnSite DLTâ„¢, OnSideâ„¢, and OnGuardâ„¢ blockchain products.
But the biggest prize for investors will be the benefit from any future upside potential from oil and gas assets acquired by the company. The company's has unutilised tax losses of approximately £12.5 million that would be available to carry forward against future profits of the acquired oil & gas business. This is highly attractive.
Remember, this is purely what I've picked-up this afternoon from private, well-exposed (to City leaks...), social media accounts. To this end, consider this post as mere speculation until the company confirms the leak.
I'm invested here and will continue for the foreseable future. The rewards at this price (0.00140p) are phenomenal. Just go LONG. When the herd arrives, this price will be a distant memory.
All the best to all the longsuffering shareholders.
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