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Hmmm, Who told you that? Charlie?

Oberon are guided by Novum, the same broker thats here... theyre just being used to mugs think theres big TR1s being done.... if you look at what Novum have earnt on every dilution, compared to what Oberon have invested, they are still up, significantly. Probably the only one mind...

We draw attention to Note 2c in the financial statements, which indicates that the company incurred a loss after tax of £1,218k during the year ended 30 September 2021 and, as of that date, the company’s current liabilities exceeded its current assets by £354k. As stated in Note 2c, these events or conditions, along with other matters as set forth in Note 2c, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.This means the company was insolvent at that point.

Good results? Wow, What does it take to accept this is not looking good.
Focus on DMSL, which does BT Commissions - eg they get commission on the term of the agreement on day one. So customers that they got revenue for today... they wont get again for 3 to 5 years. Zero growth.

Revenue down from 3.44 to 2.8 million (180k was furlough income which im not really sure counts... does it?)
Admin costs down £360k, Didnt they claim it would be significantly more?
Loss of £1.2 million
Borrowing of £1.7 Million due in 10 months time
Continue to burn cash at 100k a month (dont worry its been reduced though)

Where are the positives, you cant even lie about growth any more. Telecoms has gone through the BIGGEST growth and transformation ever since Covid. Toople... declined.... Wrong proposition, wrong products, wrong focus. Andy needs to go

Because your linked to the brokers and directors... The brokers make money (significant money) on dilution, and you can only dilute if the price is higher.

The auditors resigned mid sign off, which says alot.

They have a £1m loan due at the end of 2022, the share price is at an all time low and so the only route to pay off is either more debt, or more dilution.

I suspect TO will be similar to last year, £4 million. Still significantly down on Toop and DMSL as separate companies, covid blamed even though telco has grown and benefited from it. Losses circa £1 million.

Youl probably see a rise between now and results day, and it will crumble again on announcement.

Also now in the realms of AGM announcement, so suspect theyl release the accounts, the AGM (with permission to dilute and borrow) and maybe another small acquisition, to avoid an RTO but make some PR about growth to sell the next dilution.

Does he? Best buds with Charlie at Novum... Its all part of the attempts to ramp the price up prior to dilution.

Mike Staten proven time and time again to work with Novum and Charlie
Oberlon.... Own Novum...

Theres no big investors here, its all manipulation

Check the comments here
https://uk.advfn.com/stock-market/london/ascent-resources-AST/share-chat?page=729
Mike Staten. A large investor who is not intent on losing money. He will not. But small shareholders in Ascent Resources are going to. And potential investors. Parsons. Dennan. Staten. Novum Securities and Jon Belliss. Expect Charles Brook-Partridge and Sebatian Marr to turn up as well. The former is a director of Novum. Novum Securities are the brokers for Nuog. Nuog is now suspended whilst two directors look for a RTO for the company. It could get delisted altogether. C4 Energy, where Parsons is one of the directors, bought the debt there and parachuted in two of their shareholders, one of which is Dennan. When Nuog shares were still listed Staten, Brook-Partidge and Marr each bought 3% of the company at the same time, announced by RNS. When the shares rose in a pump and dump they all sold 3 days later. They made a tidy profit but mug punters were left with devalued shares which were subsequently suspend and could be worth nothing. Ascent is their new toy. Explains the arrival of Spreadex and mAlign Research. Expect a rinse and repeat. Recent buyers of AST shares should sell. Potential new buyers should run for the hills. Leave this to the mugs. At Nuog there was a large shareholder, Gary Smith, who tweeted his share buying and was at about 10% just before suspension. Mugs followed him and bought and now rue the fact. Be very careful. These people are all interconnected. You are not On the inside. You are a mug punter. A victim. Let this disgrace unfold from afar. Expect the good doctor to arrive. These people are all conspiring against small shareholders and include the AST BOD. Disgraceful.

rthesiger@ridgecrestplc.com

I have pondered why no ones interested in reversing into this and buying up the shares. Any one have any logic here?

The problem is, Toop will never grow, while they continue to try and re sell BT.

This move is a negative but with positive spin, they don't own any of the 200,000 or 250,000 customer.

All the comparables of Gamma, Kcom, Daisy from the past, all irrelevant now, they are purely a reseller of BT. Theres no growth, no long term recurring revenue, just one off commissions. Its directly against everything Andy has preached for years. He spouted BT were bad, customers needed something else. Now look...

Verulamium, I sometimes wonder if people bother to read the RNS stuff or if they just assume they are all huge.

Im also puzzled by all the positivity around these suggested 3.5m turn over targets, but when you take DMSL and Toople and add them together they should be at £5 to 6m.

because they were never planned for Friday.... the rampers just wanted you to believe their hype

They are ramping up the ramping..... Poor results coming... or Dilution which is needed again to cover the next 12 months and debt.

Problem is, a few voip phones at a tenner a month wont cut it. The markets waking up to the fact these deals are not news worthly. This will end up down again once the uneducated finish buying

Wierd, Not sure where it's gone.

Hardly just guessing. Its educated atleast, 46 cloud seats are not expensive to buy, Their own website quotes £12.

So on that basis its £12* 46 = £552

So thats either commission on the deal of circa £6500 Or its 3 years revenue at 50% GP, £10k over 3 years.

Its not ground breaking is it, shouldnt these deals be day in day out. It makes me think their doing single handset deals normally, so 46 feels massive to them when in reality its not.

Any idea where they are spread betting this share?

Novum pumping as usual... Charlie makes his commission from all these dilutions... Imagine hes trying to spin the amazing opportunity. Remember they represent Oberon too.... so treat the ramping of them buying with the same skepticism.

Theyl be trying to pump this back up to 0.45 to allow a bigger dilution later.

"you know that cash you had when you sold those shares early in March.... Can we have it please"

Gonna be a long long long road back. More shares due in 2 weeks time. No growth, no positivity, just more begging for cash.

VERY close to 0.004 being broken, then were in the 3s

I think 0.0035 by xmas

Has anyone ever tried calling RT? Mobile readily available on the website.

Just another 400k raised... thats not going to last long is it

Have to ponder if Charlies closed that spread bet he opened on 50 Million Shares back on the 8th July.... Close price then was 0.874, Its now half that.

For someone in the know, its not good!