Member Info for Ironic

The Chinese don’t want any further dilution this is spelt out with the 53% becoming 51% controlling . after options etc .
BAGR need to pay for the material and settle a bank loan then carry on until proper profit all with no more funding ! . So the Chinese take extra shares instead of money for the material we have already used and extra shares for cash needed to settle bank loan leaving a huge cash-pot to carry them through any thing dilution free . This is all about never ever diluting the Chinese position . Which will work well for us . 3.5p they have protected the investor and placing subscribers staying at 3.5p they want to keep investors happy . 3.5p is the price for a reason .

Depends on what former approvals are already in place regarding funding . A AGM is usually used to give funding permissions to a BOD for a stated time period eg a year , so if a emergency occurs the BOD can take action fast .
It would be nice if they are seeking a bigger holding at this early stage in the partnership . Maybe the cost of the material in shares as well .

Miton appear to be suffering . Selling in YU to create some cash . Maybe the opposite maybe they will be loading up here ready for 100% rise + . The Chinese put a big deposit down , then promised a million pounds of free equipment
They have committed to assisting us with cheap materials as well. Lots of investment up front all they need is the BOD to act responsibly . Since coming to market the BOD have raised about £35 million and all they have added from it is the Ethiopian factory which cost about £3 million . That’s not including the non refundable deposit that I hope they still have most of . How many helping hands do they need ? The Chinese won’t put up with the past rubbish . It needs to break from the U.K. market model .

I came back in at 1.57p for £3K . I am owed some money so if the SP drops I will be topping up as money becomes available . I am interested in a few shares at 5he moment but generally I see the market as a cash cow for BODs to abuse with little interest in growth just filling their pockets . Even this has a rubbish history business built then came to market for £28 million giving a fresh start , then needed £1.97 million funding and then $8.5 million placing and warrants and options . The Chinese have seen this get fresh starts and the BOD go back to their usual ways ! . So They will want guarantees that the BOD stop dipping their hands in the cash register and run a proper business . so not the UK market , wanting a business to provide the wages not the share holders . You know it’s true throughout 99% of the U.K. market , just money for a BOD .

It’s all about the controlling stake . The Chinese are buying 53% to leave 51% after future warrants and options ...they will want a guarantee the placings and loans STOP . My money is on that being the condition to be satisfied no more dilution altering their controlling position . No more milking the cash cow . 99%of market company’s are cash cows for a BOD .

3.5p significance is 2017 placing for $8.5 Million was at 3.5p and 2016 fund raiser was at 3.5p . Now 53% partner is set at 3.5p a share . The floor should be 3.5p not 1.5p . Appears to break the market usual of finance at 70% reduction every time dilution year on top of year . Factory’s in three country’s Ethiopia is the most interesting cost us $3.4 million . But a great asset , close to Europe very very cheap to run , who can compete with their running costs and trade tariffs ? . No one .

We may have pushed for more due to exchange rate . That may be why they are giving $1.3 million of equipment free as well . Who knows ? . But the $3.3 million ( £2.7 million ) stays no matter what it was none refundable .

NO because the RNS is in dollars and they will still pay the same amount of dollars , the none refundable deposit was in dollars .

Time delays in the past were getting permission to move money out of country

Purely on cash at 3.5p this should re rate to 3.5p on completion . Then start to think about added potential and contracts .

We know 3.5p plus over a million pounds of equipment on top is the agreed price !

Bought back in . Will be cash rich or bought out soon . How much are they buying their 50% for ?

Accountants don’t take risks their whole life is about return . So when the Chief financial Officer buys over £50,000 worth days after the CEO has a top-up of a few grand it confirms my research . First I based my buys on them being debt free and cash rich . Now I base my buys on them being cash rich which is growing by millions of pounds , being debt free and the BOD buying shares . All adding up !

I hope they sell some more tomorrow . Then I can top up on Monday . Slowly slowly catch a monkey , I will just keep topping up slowly . With £16.5 million cash just sat there I am hope full of a share buy back .

Because they are the shorter and are using their shares to sell in to any rise to protect their short . The money is made in shorting . The big holders every where short knowing they have the shares to stop any rise . They normally only have to sell a few so it doesn’t show up . Company’s receiving offers to buy out force a form 8.3 (I think ) where all big interests have to be disclosed . This is where I first learned this . The institutions regularly short their own holding . They make big on the short and still have their holding afterwards . As buy and sell at the right prices during the forced short . But it is going wrong for Miton they are low on shares and this has to much cash in bank and to much interest .

Click on link at very top of page . Like everything .... will judge after a few weeks use . Change is usually good just takes time to get used to it . I saw the link last week but ignored it . But if I want to see all the RNS I will have to use the new page . Any thoughts on a share buy back and Bobbys Holdings percentage ...has he got a upper limit ?

Guess I will have to start using the new site ,if LSE are not putting all RNS on the old page . I do prefer the old page but obviously we are being encouraged to use the new style page. This gets better every day the two people who are in the know have both bought more shares . I hope we get a company share buy back announcement soon . . The cash just keeps rising and gaining interest. That can’t be good for tax .

Were they avoiding attracting attention whilst the CFO’s large order was filled ? . This was a significant RNS kept low key .

As for don’t know where I am looking ...I put both links where I was looking . .... so why stop posting RNS on LSE .

Ok ...why no RNS on LSE ? .