Member Info for Ilovesushi

GOING UP

Expect rising share price.

Crossroads Well Oklahoma USA spudded. Let’s hope for large oil flows. Drill baby drill.

Few more months and they will be back for more cash......and that means another discounted placing and dilution. AVOID

Looks like the company is close to being bankrupt. Who the hell would buy into here? The company is kept afloat by placings and dilution. If it survives it cannot only do so by another placing. Damn it is probably planning one right now. AVOID.

Not sure why anyone would by this share when they know there are several if not 10s of placings on the cards and a future of nothing but dilutions and shafting up the rear end. The next raise must come with a consoldiation for double whammy up the other end. Why throw away more and more cash as the company ownership will no doubt be picked up by another from an administrator. When this company cannot issue more shares it will certainly delist. See so many companies go under for the company to be bought up on the cheap with nothing for the shareholders.

At least 10-12 placings before the company can reach an income stream. Perhaps more. Probably income is as far away as 2050.

Any idea where the company is going to get an income stream? Its already hinted the £5M raise is only up to and until end of 2026.

They are planning their next raise and the accounts clear suggest they will need more financing. SELL or be diluted to death….

The forecasts remain dependent on a number of key assumptions, including the timing of future revenue generation, and the AVAILABILITY OF ADDITIONAL FUNDING if required. As a result, these conditions indicate the existence of a material uncertainty that may cast SIGNIFICANT DOUBT ON THE Group's ability to continue AS A GOING CONVERN. Nevertheless, after considering the Group's cash flow forecasts, the actions available to management and the post year-end funding raised, the Directors have a reasonable expectation that the Group will have adequate resources to continue in operational existence for the foreseeable future.

The last raise was to used to fund the Company's currently planned and budgeted hydrogen storage, hydrogen production and energy transition activities to end 2026.

The problem now is it needs more cash for continued costs of corporate expenses, listing, costs of new planning and any work to improve HH.

Obviously the company makes money from selling shares and always has and is only a going concern if it can continue to issue more shares. It’s years and years away from any meaningful income it has to plan the next placing.

Avoid and or SELL

£1.00 plus is on the cards..

Management are cutting back 80% of hours put in so save cash. This means NOT enough is coming in and that shortly the company is out of cash.

This company has been kept afloat by placings and it looks like its going to be hard to get another away and stay in business.

Administration is months away. Delisting soon…. Its the end of the road. Zero hope, staff will soon leave. Then what? No customers no staff, no cash. And no investors to buy their paper shares? RIP

Placing anybody?

They should pull the plug, no one wants the product they got to sell. Lose its one customer, whats left? The cupboard is empty.

Even if the company break even, its going to need a cash injection. Cash is almost gone and as the management may not get paid they are now withdrawing their labour?

Its destined to be bankrupt shortly.

No way back, not far off from administration as this is not really a going concern. Any placing will wipe out everyone remaining. Any one who invested here has be stuffed over and over and could get stuffed again

The failed management will now work less to save the company money?

Read between the lines.

“The Company's aim and objective is to continue operation as a going concern towards a break-even position, while seeking to continue meeting its short-term debt and creditor obligations as they fall due, and maintaining the operational team required to support customers and revenue generation”.

It may aim for anything, fact is at best it wants to break even. What it is not saying is, the company is on the verge of going under. No customers and the business is teetering on the brink. Just a matter of time before the administrators are called in.

There is a reason why the Chairman is leaving. He can see the writing on the wall and does not want to be with the management when and if it goes under. Its a bad sign.

Chess bought PMG for $82.9M

Now Chess including this assets is now valued at only £3.5M

What a massive destruction of value. What a disaster and it has not ended yet. Chess is not a going concern without further funding.

In month or two its cash will be gone. Anyone who invested in the company has lost most of their cash.

1 million customers seem to spend about £2.00 each but it costs the company about £3.50 to satisfy or provide a service for that customer. The company should be delisted and probably will be as it has had 4 years of losses and there is no improvement.

Things are dire.

Year ending December 2025 it had £40,000.

It did a placing in February for £1,154,000. As it is losing close to £3,000,000 for the last 4 years in a row, most if not all of this money will be gone by the end of next month. So a placing is being planned. Funders will want a discount for sure. Next price we could see 0.20p or so and an approximate 500,000,000 new shares. That will probably be its last fundraise and the company will delist. Companies list to raise fund and when that is too hard they delist. They will probably use the excuse to save costs of listing and move to a different maker or match bargain trade.

This company has had plenty of chances to make a go of this and costs are always higher than income.

Some large backer could take ownership of this and leave shareholder in the lurch. Avoid. Placing is coming.

Like all charities this will be wanting more and more of your cash. It’s not really a going concern and has always depended on dilution and selling shares at lower and lower prices.

50% increase in turnover is meaningless. It bids for contracts lower than competitors and more turnover need more staff more staff more cash, the vicious circle continues.

The cash raised recently will soon be gone and they will be back for more as all contracts are loss making.

The new management are stuffed. Raise prices they lose contracts. The experts are gone and speculators and traders are in. Looks like the new people want in on the gravy train. Avoid, more and more placings are on the horizon.

When the company can no longer do another placing as shareholders are fed up with constant never ending dilution, its curtains.

The company was never a going concern. Kept afloat by selling shares. Just as well it delists.