Member Info for ICL1960

Last year, I had a look at the nearest green cabinet, with an OpenReach engineer. It is rotten to the core, so no wonder I was getting a bad connection. The engineer had to work hard to find a solid connection for my line.
I can see that putting in a new rack means they have to re-wire all the existing connections, which is just asking for trouble.

Personally, I find it hard to believe they cannot make money under COVID-19.
The whole country is relying on the internet.
Even after COVID-19, people will be working from home more.

Never mind, they are very smart.
If there is a way to sxrew up, they'll find it.

Like saving a few quid by not upgrading my cabinet.

"My mum used to work for BT many moons ago and has good things to say about the company. "

Talking of ex-employees of BT, the pension liability is the major millstone on the company's balance sheet.
They keep trying to reduce the generous pension, which is a legacy from the good old days, before privatisation.
If your mother retired with a final salary pension from BT, it is probably index linked., like a civil service pension.

https://www.btpensions.net/benefits/pension-increases

If I was on an index linked pension, like that, I would be singing BT's praises, too.

On the other hand, if you are just a BT.A shareholder, you would be stabbing a voodoo doll , and hoping COVID-19 clears out all the pensioners.

So, if you bought BT.A, it would be a conflict of interest.

Well, not if mummy has outlived her usefulness, and you need a big house for a growing family.

It takes about the same skill level to swap out lights as it does to put in partitions.
If an office wants to put in partitions with no upfront costs, it's the same funding model.
As you upgrade an empty office, whether it's lights or partitions, the workers are at low risk.
Plenty of carpenters and shop fitters not working, wink, wink.

Last week, I saw a mini-shopping centre in Staples Corner, near M1 Junction 1, having lots of ceiling lights replaced.
No idea whether it's got anything to do with eEnergy.
I think commercial landlords get some kind of tax break if they make energy saving upgrades.

I have no doubt eEnergy can sign up punters who pay up monthly.

The problem is, they can simply pocket the income, and say they are keeping it for expansion, but use it as collateral for building up debt. On the balance sheet, they have strong cash flow, high reserve, but at the right moment, they could pay big bonuses to the directors, then siphon off the money, then sell eEnergy for a £1.

From such a small base, there is plenty of scope for revenue to go ten fold, though.

So, if they never pay dividend, and just keep borrowing from banks and doing placings, you know they are planning to disappear soon.

A few good RNSs, they could triple the share price.

MetaLeach is worth something.

Anyway, we are all looking to see what game Nigel Burton is playing.

Some sort of planet saving technology just waiting for funding.

Toothpaste without microbeads?

It looks like they are running for an election.

10 million is good for an army.

Greta Thunberg will need an army of Planet Savers when she grows up.
Instead of taking a beach head, they will hack their way into servers.
Onward BT sol-l-diers,
March as to War.

Because Nigel Burton and his mates bought in at 0.02p, HALF PRICE.
They now have more than 50% of AXM.

Conspiracy Theory: .He will asset strip it like a pole dancer, hump and dump it, so the share price will rocket briefly. Gather round, put your pound in the jar, and wait for the show.

"Probably, like a lot of long term holders, he's disillusioned, ****ed off and has no intention on selling because at this decimated price there's no point..."

Believe it or not, I tried to buy 10m at 0.025p, but just missed out.
Just topped up 2m.

RTO is an interesting ruse.
The least that should happen is the share price should match break up value.

Let us say a Placee bought 50m shares at 0.02p for £10k.
Let us say they sell MetaLeach for about £5m, so the share price is now 0.1p, roughly breakup value.
He (or she, #METOO) sells 10m shares for £10k, so he has all his money back, but still have 40m shares.
He now has the option of letting NB talk the share price up, and sell the rest for more.

For LTHs, we should at least hope for selling at 0.1p.

"You are no mug, be great to sit and talk with you lol."

ICL1960S is a mainframe computer with 64K of core store.
My operating system is MAXIMOP, which predates MS-DOS and Windows by at least two decades.

Thank you for the invite, this means I have passed the Turing Test.
I am now a real boy. Cheers.

Down the hatch, splitz, dxxxx, oh no, my fuse is blown.

Try working out why Nigel Burton bought 137,500,000 shares.
At 0.02p, that is £27,500 .

Aligning his interest with the shareholders? A Non-Exec Director is only there to advise, and scrutinise.

They need to sell MetaLeach BEFORE the big news breaks, if my theory is correct.

RNS 15th May 2019

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AXM/14074873.html

"Proses has started preparation of an environmental impact assessment ("EIA") report for environmental permission. A preliminary EIA report has been prepared and is expected to be submitted to the Ministry of Environment in a few weeks. Following the submission of the preliminary report, the Ministry of Environment will organize a series of meetings with participation of relevant government and non-governmental departments and set up the requirements and format for the final EIA report. The whole procedure is expected to be completed towards the end of 2019. "

"At the same time, feasibility technical test work, with input from Alexander based on its positive significant prior test work on the region's characteristic zinc oxide ores, for the SISP are to start soon. This work will be carried out in an independent laboratory in Ankara, Turkey for the leaching of low grade zinc oxide ores and solvent extraction in order to produce suitable electrolyte for electro winning of zinc. The test work is expected to take around 4 months."

Therefore: The sale will have to happen before end of 2019.
They are cutting it fine, as it is.
They will have to stifle any good news if there is any.

BOD Logic: "Oh dear, if we don't bundle MetaLeach away, it's going to go sky high, and we have peanuts in options.
This way, we get a proper share, which we deserve after all these years."

Conspiracy theory.

MetaLeach is finally near commercialisation.
The BOD wants to steal it from the old shareholders.
Nigel Burton has the contacts, so he sets up the half price placing, making his buddies majority shareholders.

He arranges for some kind of Private Equity to buy MetaLeach for £5million, cash.
No more RNS. In a year, Proses starts producing, and other mining operations take an interest.
In five years time, MetaLeach is worth £100million, but we don't know anything about it.
If the BOD, including Nigel Burton, get on the payroll as Non-Exec Directors with the Private Equity, and gets a £1m Bonus each, you have my permission to be sick.

£5million is about 0.1p a share, so the placing crowd gets a 5 x bagger, from an investment of 0.02p.

Everyone in on the scam is happy.

Obviously it's a technology with great potential, but difficult to get an AIM listing.

Carbon capture by turning them into graphene.
Bacterial process that eats plastic, releasing hydrogen, and deposit carbon crystalline structures.
Preferably solar powered.

Despite such a promising proposition, they could not get an AIM listing, and would love to be bought for £5million.
Along comes Nigel Burton, who talks it up, and AXM shares soar to 5p.

A name change should be in order, though, Advanced Carbon Materials, ACM for short.

I would sell at 1p, before the bacteria go on strike, and say we can't eat another mouthful of plastic.

"The Board is therefore proposing to dispose of MetaLeach and change the Company's business strategy. "

How much cash left? £500k?
Let us say Proses wants to buy the patents.

4,382m shares in issue.

If Proses pays £4million for MetaLeach, that is ~0.1p a share by asset value.

The Placees bought at 0.02p, so 0.1p is five times to exit.
It's unlikely Nigel Burton wants to sell at 0.04p, because he could have done it a few weeks ago.

The only thing worth anything is MetaLeach.

Obviously Nigel Burton bought the shares in AXM knowing a sale is coming.
The Placing created a majority share holding at half price, that will vote for the sale.
They can all sell at 0.1p, and walk away laughing.
They will buy something worthless with the £5m cash, syphoning off any value left, and eventually AXM will shutdown.

If Proses is not a figment of Martin's imagination, the patents will be worth a lot.

The worry, which I had two years ago, is they will seek to steal it from the old shareholders.

This new crowd suddenly show up, grab more than 50% of the company, for HALF PRICE!
Despite the placing, the market price is still ~0.04p to BUY.

The placing stinks.

Nigel Burton holds 137,500,000 shares in AXM.

Somebody works out how he is going to diddle the old shareholders, please.

Somehow, if you bought in at 0.02p, you will make money.
We know that they could have sold for 0.04p a few weeks ago, so they were promised a higher return when they signed up to the placing.

4 billion shares, so 0.1p means £4million market cap.
Maybe they only need to buy 51%?

In fact, HE has 3.14% of the Company's issued share capital, so they only need 48%.

At 0.07p, it's ~£1.4million for 48%.

Will we still be able to sell our shares?

PURCHASE OF 584,000 SHARES @ £1.71
He now holds 2,070,102 shares

Dividend is currently: 15.40p per share.
That is £318,795 in dividend.

That is a good incentive to hold the dividend at 15.40p.

Not that he is motivated by selfish reasons, he is just a generous man who gives and gives, I'm sure.

Dr Nigel Burton was a director of Pease Limited within 12 months of the company appointing a liquidator in June 1998. The company was subsequently liquidated in 2002.

Nigel Burton is interested in 137,500,000 ordinary shares, representing 3.14% of the Company's issued share capital.

There is no further information regarding Dr Burton required to be disclosed under the AIM Rules.

Prepare for liquidation? The Terminator is here?

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&pageOffBook=0&fourWayKey=GB0030913577GBGBXSET1&formName=frmDateTime&hh1=11&mm1=0&hh2=12&mm2=0

Forget about analysis, have a look at the Trade Flags column. It's 90% ALGO.

It's all very innocent when computer trading started, but who knows what they are getting up to now.
if you believe AI is involved, how smart and cunning and down right sneaky can they get?

In China, the stock market is manipulated, and pump and dump gangs were rife.
This was partly due to the market was small, so it was easy to corner a stock,
but the idea of stock manipulation is always there.

Who is to say the ALGOs can't figure out that group manipulation is profitable.
Computer A does something, and Computer B, C, D and E follow.
Where is the insider trading? Which computer goes to jail?

Sell at £1.84, buy back at £1.59.
Let's pump it up to £1.76, then dump.
Watch the human suckers buy in at £1.76.
Eat ma grit, homo sapiens.

Barring insider information, what you want is facts that nobody else understand, but you do, and can make a killing on.

https://www.nationalgeographic.com/environment/2019/08/banana-fungus-latin-america-threatening-future/

When bananas stop appearing in TESCO, Del Monte, DOLE and Chiquita stocks will plummet.

Obviously, Spectre failed to corner the water market in Quantum of Solace, so they are trying to make some money by shorting the banana market. All they had to do was to spread Panama Disease to South America.

If you could have shorted at 5.5p, when the real price is 0.04p, that would be quite something.
A few days ago, BT.A was showing nonsense Ask and Bid overnight.
Do Androids dream in stock prices?

The really odd behaviour is selling more than half the company for 0.02p, but the spread is 0.035p/ 0.04p.

The Placees could have sold for 0.04p+ a few weeks ago, doubling their money, but they didn't.

For example, Proses wants to go ahead, but AXM is so cheap, they might as well buy the whole company, instead of paying royalties. They just have to use the new shareholders to vote the sale through, and that is the end. Obviously 0.04p is not the target price. If Proses would have paid £10million in royalties, they could be tempted to make an offer of £8m, which means 0.2p per share.

Non-executive directors are supposed to provide advice and independent scrutiny, so there is no requirement to buy shares, but Nigel Burton bought 137,500,000 shares BEFORE he is on board.

Let us say they talked to Goldman Sachs, Satan's Ministry on Earth.
They need the new shareholders to vote on a sale to Goldman Sachs at 0.07p.
They new shareholders bought at 0.02p, and sold at 0.07p, so they walk away happy.
Goldman Sachs then sells it to Proses for 0.2p. Everyone takes a cut, including Goldman Sachs and Nigel Burton.

If it was a horror movie, Nigel Burton is a vampire that smells blood, and has been preying on vulnerable companies for centuries.