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"Why is the loan from Riverfort only being released in stages. Don't they trust the management"? Normal logic will say one thing but reality points to another. Riverfort seems to be a specialist in giving loans then converting those loans at lower and lower prices. This seems the essence of a downward spiral and this company no doubts makes money even though supposedly they do not short. In this case they are locked up for a time. Not sure what Rivfort is up to. What I do know most of what they get involved with is company`s that have a downward spiral. Yet they benefit. AVOID any company they are financing or hold shares in. I saw this one coming when the price was double this and I suggest it was a sell, and hinted at Riverfort doing a usual diluting everyone. This place is a cesspit. DO NOT AVERAGE DOWN IN A DEATH SPIRAL. YOU COULD LOSE ALL YOUR MONEY.
Cash now exhausted. Avani to obtain assets to cover loan from the administrators. The mine could continue a bit longer (under chapter 11) but the Corporate office will need to call in administrators in order to protect the creditors. Sorry guys.
Up 14% and going higher looks like. I think Dr Graham is going to give us another holdings RNS. I think he wants a place on the board.
Looking very bright here today.. very nice. 40.0 pence coming.
At least 0.01p
Doctor Graham is certainly adding.
If Doctor Graham reports another increased holdings rns, this should see it fly up. He seems to like the company and took 120,000,000 at 0.01 So surely he must be adding on this good RNS update at under 0.01
Now that Riverfort is on this only one thing to expect. Steer clear of anything with Riverfort. They seem to get into companies that are on a downward spiral. Saw this coming.
Ilovesushi
Posted in: MAST
Posts: 3,551
Price: 0.50
Strong Sell
Fundraise any day now26 Apr 2024 10:58
Dilution cant be far away.
Who sold below 0.1?
Why do people continue to buy the shares he prints? History of printing zero profits. End the gravy train stop buying. Then it all ends.
VOTE YES ON ALL RESOLUTIONS. THESE PEOPLE MUST GO.
But before then wait for the response from the company that will make excuses why they she be kept in position and keep taking large salaries for failed performance. They will urge you to vote no. Obviously they want the gravy train to continue. They have all failed and should be removed. VOTE YES.
This is a charity. You give it takes. It does this by printing shares. You are silly enough not just to buy them but keep buying them. The company is unprofitable and the contracts it wins do not cover listing costs and salaries. Now think about it what will the company do soon to stay afloat? What is you inner self saying. Come on you know what comes next. The company can not keep trading without it. AVOID THIS COMPANY unless your happy to see it as a charity.
Income does not really cover a listing. All these contracts barely cover salaries. Years and years of promises. Shareholder should only buy these shares on the idea this company is really no more than a charity where you give, give and give again with the expectation of no return. History of share issues. And a future of more share issues. More dilutions on the way and total wipe out of any investor. AVOID. The company is kept a float by share issues and that the only thing you can expect. MORE SHARE ISSUES TO COME. AVOID
Up 8.5%
What a nice start. I am expecting good news from the USA and an update on distribution there. That is where the money will be made. Any day now.
Moving up now.
The management has directly refuse to respond to any email. I want them out and they must be held accountable. I will VOTE THEM OUT. And be urging other to vote to remove them. Appalling. Yes the grass is greener. Open your eyes, the management have failed. For failure the response is an must be, they have to be removed for failed. Let them face the effects of failure.
I first bought 2,000 at 80p about 3 years ago. Daftly I then made several purchases totalling 10,000 shares bringing my average down from 80 pence to of 30 pence and total With a total of 12,000 shares what remains of £4260.00 is now valued at a mere £700.00. I will not average down further in case the company goes under and I lose the lot. I will be voting these guys out. They have never replied to any of my concerns and have failed. There may be some doubt as to the motivation of these new people, I do not know. I want the present management gone and gone for good. They must go and go now. VOTE FOR THE REMOVAL.
On the EGM and resolutions to vote out the directors I will vote YES as all shareholders here. The directors have been a disaster and must be held to account. I have been writing to these guys for years and they will not respond. So as an owner I will be voting to remove them from office. They had to many chances and blew it. They must be removed at all cost and action should be taken to conserve what little value remains. I URGE ALL SHAREHOLDER TO VOTE YES.
MINIMUM 50% BETTER 75% if he does not accept it he can leave. Why is this man allowed to pay himself so much? Should be a EGM called in order to demand wage cuts of all staff based on poor performance. Or just call in the administrators. The company has to do more dilution just to keep its listing.
I know many do gloat and seen it before it is ugly. I know how bad it is too lose money and my heart goes out to you guys and hope you do well elsewhere. I have lost on many shares and am thinking of calling it a day. AIM is a minefield. It offers false hope and most lose out. Some gain from time to time, but like horse gambling few admit to losing but tell you of their gains. This is the hard reality.
I just see this as a given. I was a holder and sold some time back I think I sold around about the 20 pence level. Wish you all the best in your Future holdings.
A speculative buy if you can afford to lose could be CPX. I have made about £40,000 trading it. Got someone building a stake. Had lots and lots of issues and is at rock bottom. Easy 20% to be made if your interested. from 0.080 to 0.010
All the best to you and others who are down here.