Member Info for Ilovesushi

It buys shares of other companies. Then the management pay themselves wages. Costs paid from sales. What the point?

Avoid.

Only one person knew anything about this so called boiler. As he had to resign the company had to fold.

They never had an order from Volvo as there never was a product. Now people are waiting for a miracle and the IP may be worth something or the company may be taken over?

Any shareholder here will lose 100% of their investment… Avoid

The company had to fold as only one person knew anything about the heat exchange boiler. Fact is they never had one. Now you buy shares thinking the management may bring a rabbit from the hat. Avoid for God sake.

A future of more dilutions are all Pi can expect here. AVOID

For years the company has led Pi to believe they have a product when they had none. The management has now admitted with their one employee they had who thought he could make such a product now gone, the company has to fold. But was Volvo not interest in this heat exchanger?

There may be someone out there who can take over the listing, but winding up the company will use up any monies remaining. Remember the boss probably has back pay and a severance package. There is nothing to be had by shareholders here. Cash shell? Then how much cash is that? Minus severance and winding down costs? Do they still pay for a listing? AVOID

Maybe Volvo will come to the rescue or order these machines for boats?

Lol

Rising

TheToe.

Yes someone may buy it. But that does not mean a pi will get the cash. Listing costs and management spending will use up any cash it has or will receive. That it lost its only one staff keeping it going it is now the end. It will never be relisted. So my listing companies for sale. Any money will go towards winding up costs, past wages and benefits. Zero for the Pi.

With US$280,000 up to June, this must be close to being exhausted. Only one option left. More dilution. Not good to depend on one customer. They stop then the company goes under. Very precarious. SELL

With an inferred 100% spread and an actual 50% spread why on earth buy? You are instantly down 50% needing a rise of 50% just to get your money back. The company is now finished. its core employer gone leaving nothing. It has value as a listing only. No investor will get cash out of here. I have been saying for years and years and years to avoid this company and told all it had no product. Clearly they have no product. Perhaps at best some sort of IP. that is it. Its worthless. avoid

Moving up now. Farm down could in theory be worth many multiples of the market cap. Who do Nortrust hold for and will they buy more?

BUYING BY NORTRUST.

Follow the money.

Stake building. From 3.47% to 4.53% by Nortrust. Nominees. Now who are they buying for? More news to come guys. Follow the money.

No deal with Volvo. They never had a product. Now what sort of cash shell is this? What this means is the company only has a listing. There is no cash to be had by the shareholders. Its a matter of time before administrators are called in. Sorry guys.

If it is perusing other paths it is a final admission the company has NO PRODUCT. And it never did. No deal with Volvo. No orders. NOTHING. When the cash is gone which should be soon its ADMINISTRATION. Who needs a listing?

Its core one worker cannot turn up to work due to personal matter and the company must cease trading. Goes to show the dire situation of the company. It never had a product. Now a cash shell with hardly any cash. If no RTO any money left will be gone in winding the company up.

Always said sell. There is no business here.

Its becoming glaringly obvious to many that shares being traded now, are borrowed shares or shares yet to be issued. When the Playcee has completed the sale, he/she then buys the shares back and the discounted placing. This is AIM. The company is completely broke and has almost zero cash. No choice for it to do a placing as the share price is about 200% higher. What an opportune time to do so. Should not be a large one. £1.5 million or so. But this would mean 1.5-2 billion shares and therefore some dilution. After they get the cash, this would be a big positive for the company. Friday after close or early Monday morning is my guess. Certainly invisible shares are being traded. And some trading with inside information, which you think would be illegal. Some trading then with price sensitive news. This is AIM and this is how it is done and they get a green flag from FCA to do so. Announcement of placing comes only after pre-issued shares are sold. SELL, buy back after the announcement and share price drop.

Looks like it has turned now. Change in direction.

ASOS shares went up an instant 25% on news breaking. Looks like this could happen here. In fact it is certain. 60 pence breakup value. No wonder Mike Ashley has raised his stake time and time again. Sale is being worked on. Strong buy.

Rising under the RADAR. Got to be something is being worked. One asset sale. Looks like Mike Ashley saw all this value in a break up long ago. He bought a load at 30 pence, knowing the value on a break up is 60 pence. So he is going to vote for a sale. Damn. He could well be the purchaser. Strong buy.