Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
New low. wow 1.7 shocking
One more last attempt to raise cash. 0.005 then its over as people are sick of buying these shares at lower and lower prices. Perhaps one more consolidation? lol
Up 55% now
2.6 - 2.8
UP 39%
What a turnaround
A company that depends on fundraises to stay afloat. Never going to reach profitability. Over valued now. Expect big drop shortly. A billion share issue?
No one wants their products. This thing on AI is a non starter. They wanted to get people excited so they can get a fundraise away at a higher level. Not sure who would fund this. If it were to be funded looks like they would need a billion new shares.
Sad day. This company was part responsible for forcing Flybe to be bought out. Now they have. By the same people.
BUT FIRST HOLDING RNS TODAY OR TOMORROW AT THE LATEST. another rns to drop shortly.
Dr Graham Cooley could now have approximately 25% holding depending on his buying the last tranche of Conaccording holding add taking the shares from Quilter.
He could then announce a take-over deal. Or at the very least a short term loan with a board position.
0.5 pence price target.
MOST LIKELY OUTCOME TO COME.
1. Dr Graham Cooley worked out a short term loan agreement, saving CPX from immediate administration.
2. Dr Graham Cooley is working on a form of RNS for his own company which allows him a listing.
3. A Company or companies working with Dr Cooley work on business cooperation.
4. Holding RNS giving Dr Graham 25% of the company
5. Take-over offer from Dr Cooley or his affiliated businesses.
6. An offer from Tesla/Maxwell and or some carve up between them and Dr Graham.
Any or all pushing this company up another approximate 200% rise. In the case of Tesla Offer or Offer from Dr Graham. Expect multibag rises up to 1.0 pence plus.
You will not have to wait long. Some or all could come as early as tomorrow or Monday.
DOCTOR GRAHAM COOLEY COULD BE HOLDING 20% PLUS NOW IF HE BUYS THE REST OF CANACCORD HOLDING. 25% IF HE BOUGHT FROM QUILTER.
WILL HE MAKE AN OFFER FOR THE WHOLE GROUP?
WILL HE JUST WANT A BOARD POSITION AND GIVE SHORT TERM LOAN?
HOLD FOR GOLD. 200% or 300% more in this.. 500% plus if Tesla takes a stake or 1,000% IF a takeover from them.
Doctor Graham to announce an approximate holding of 20% and or a take-over offer of around 0.75 pence. When it comes this will be the big rise. final settlement of 1.0p could be expected to be voted through. However the company could always announce an RTO with one of the Doctors companies and or a short term loan from the same. Administration has been averted and now it is about who will be running the show. Could also be a bid from Tesla it self. They will not get if for 1.0p. Closer to 2.0 - 3.0 more like. good luck all.
The real rise will come when the company has either received a short term loan offer from Dr Graham, and or a holding Rns Reporting the Doctor now has 20% and above holding and and here is the big one, received a take over offer from the same doctor. Well done to those that bought this morning and ignored the nonsense. More rises to come. Take-out price 1 pence or above. At least 200- 300% more to rise for fair value. Good all. Market Makers are short....take advantage.
Its an unprofitable company that will always be unprofitable. Its closer to a charity. You keep giving it money to stay afloat so that it can supposedly help other companies may some sort of meds. You buy these shares because you want to do good. Never to make money. This is a company that takes your money and gives nothing back. It will not be long before it is more dilution that keeps the gravy train running so that those in the management can take wages. If your charity minded that is fine. This companies shares will continue to get lower and lower. It is not really a going concern without constant fundraises being successful.
Market Capitalisation £38.77m is too high for a company that is not not producing much. 5.0p looks cheap but it could be quite easily 2.5 pence and is still to high. Damn. This could take ages to sort out and now costs go higher and more money needs to be spent. More dilutions? Enough is enough. This could be in administration soon enough.
Bigbadbob79
"even if coal prices doubled overnight the company would not benefit". Exactly. Nail in the coffin. It is now locked in on low prices in order to keep the lights on and get loan for working capitol. There is no a going concern issues. The money is just for working capital and for keeping production high and for selling coal at below production cost. There is no longer business here. It happens a lot in the recourses sector and it was how BEN was born and brought out of mothball. It is now heading back there. When the agreements are filled there is nothing less and no business. No one will ever buy the shares or could they issue more shares. Its lights out time.
ANY MINUTE. Could be a take-over offer or Loan agreement soon after a holdings announcement. Dr Graham could now hold anything between 20-25%.
Dismiss any idea of Admin. This is off the cards. This is more to do with Board position, RTO or a straight take-over. Could be also a competing stake building then a bidding war. Either way, share price rise is on. Great Buying opp. 1 pence plus for offer. So 500% upside...Good luck guys. Be in it to win it. Too late to buy after the RNS drops..
The company is now locked into what looks like contracts that are not profitable for the company. When prices do eventually turn they will still be selling large quantities at lower prices not beneficial to the company and with maximum output they have no room to produce more coal that they can profit from. The company is basically finished. Lots of people were trapped into buying here with promises of huge profits. There never will be profits. When resources prices it fall it has devastating affects on a company and often gets them all mothballed until prices turn and some bright spark buys a company from the administrators. Same thing here is destined. Its mothball and administration. It costs more to produce than what is received. There is no longer a viable business here.
Doctor Graham has arranged a short term loan to the company to see it through to profitability. Then again he could be planning 2 other scenario. An RTO could also be getting considered or a straight take-over. Either of these is now the mostly like outcome. Dr Graham knew who to buy his stake from so he is on top of things. He knows the company well and it is possible he wants to take it over outright. His bid will have to be closer to 1 penny. THAT IS 300% UPSIDE.
Strong buy. No matter which way this goes. For sure administration is out of the picture. Any scenario must involved mist include the good Doctor. stay tuned for holdings RNS and or Update from the company. Things are a lot brighter today