Member Info for itisagame

Hold your horses, That’s just The Normal agm Mentioned, no mention of JBs special resolutions (yet)

https://beta.companieshouse.gov.uk/company/10024479/filing-history

03 Sep 2020 Notification of a person with significant control statement
"the company knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the company"

relates to Richmond from last month, but its an official statement that they dont think any one group has taken a chunk of stock.

annoys me that we have to get excited about 20p, as i think its worth alot more and that this is an opportunistic offer caused by the result of his own sales, if another significant holder owned his stock and just held it then there would be no chance of him (or us for that matter) buying around this price and it would just be laughed at.

Reality is once Covid & FCA are sorted and the loan book is fattened up with new solid loans we could get 20p with just a couple of years divs.

I still have a feeling the board will throw the request out the window and he will be forced to rebuy some off the market before being able to requisition a vote, hes below the 5% tomorrow and the board have not set it up in stone yet..

I dont seem to have 21/8/20 trades, so might have missed one off.

2020-09-03T10:05:29.923 GBX 12.738 1500000 191070 Off-Book XLON BENC
2020-09-02T13:19:23.560 GBX 12.868 1200000 154416 Off-Book XLON BENC
2020-09-01T14:48:30.777 GBX 12.793 1500000 191895 Off-Book XLON BENC
2020-08-28T12:05:31.297 GBX 13.557 2000000 271140 Off-Book XLON BENC
2020-08-27T14:38:51.457 GBX 12.239 2250000 275377.5 Off-Book XLON BENC
2020-08-26T14:56:46.523 GBX 12.379 1750000 216632.5 Off-Book XLON BENC
2020-08-25T13:06:13.000 GBX 12.886 2200000 283492 Off-Book XLON BENC
2020-08-24T14:57:18.407 GBX 12.716 1250000 158950 Off-Book XLON BENC
TOTAL : 13,650,000 shares. = 2.8716664265546803% of Total Share Issue 475,333,760

610,013 short of 3% threshold.

JB sales today :
2020-09-03T13:40:38.000 GBX 12.76 3253337 415125.8012 Off-Book XLON LRGS
2020-09-03T10:05:29.923 GBX 12.738 1500000 191070 Off-Book XLON BENC

defiantly getting split, might not be JB directly but something is going on with them, but looks like the broker has agreed a daily sale with someone?

The company is not paying a div.

I fully expect that to be why his sells are being split in to one third and two thirds since he hit 15%. And 5% is being conveniently held in a diverted account filled daily by the trades markers BENC. That way he will have 5% available if needed, (5% being the required Threshold to request a vote.)

I think we will see two sells, that might look like buys at time printed, and they will add up to 4,753,337.

Pure speculation though......

It’s Better quiet.
It means Everyone has taken their position and Is patiently waiting for the next move.
When it’s busy it means you have A lot of people ramping / deramping To close or open their desired positions, or headless chickens Nervously wondering why they took their position, and any meaningful conversation is lost in the bumpf.

Make the most of it, next week It will be awful during the daytime so better to stick to night time posting :)

Probably been told By his advisors that it’s Best to keep schtum until the vote is set in stone, with him being below the required threshold on Friday and all.

Be very interesting to see If the board can Technically refuse his request come Monday, I’ve seen votes rejected By the boards before On a couple of other stocks once they have Confirmed the requesting party doesn’t meet the required shareholding threshold.

“ As reported on 27 August 2020 the Company intends to post a notice of general meeting, containing the valid resolutions set out in the Requisition Notice, to its shareholders, by no later than 17 September 2020. ”

“Intends”

thats very odd, check the trade settlement date, brokers supposed to settle within 2 days (i think might be 3).

JBs sales - Split again. = 4,753,337
2020-09-02T15:22:22.000 GBX 12.858 3553337 456888.0715 Off-Book XLON LRGS
2020-09-02T13:19:23.560 GBX 12.868 1200000 154416 Off-Book XLON BENC

Largest :
2020-09-02T16:07:52.613 GBX 12.88 1407849 181330.9512 Off-Book XOFF
2020-09-02T12:50:49.000 GBX 13.1 1407849 184428.219 Off-Book XOFF

Runners up : notice even the algo trades are getting larger.
2020-09-01T16:07:57.000 GBX 13 775000 100750 Off-Book XOFF N
2020-09-02T15:00:23.447 GBX 13 500000 65000 Off-Book XLON
2020-09-02T09:51:30.827 GBX 12.45 496291 61788.2295 Off-Book XLON
2020-09-02T11:05:02.807 GBX 13.271 309689 41098.82719 Off-Book XLON
2020-09-02T09:34:22.277 GBX 12.63 278602 35187.4326 Off-Book XLON
2020-09-02T13:08:47.920 GBX 13.167 265812 34999.46604 Off-Book XLON
2020-09-02T10:50:35.163 GBX 12.903 256974 33157.35522 Off-Book XLON
2020-09-02T08:33:31.000 GBX 12.895 250000 32237.5 Off-Book XLON
2020-09-02T08:32:59.000 GBX 12.895 250000 32237.5 Off-Book XLON
2020-09-02T07:53:50.607 GBX 13 250000 32500 Off-Book XLON
2020-09-02T10:46:40.517 GBX 12.775 239035 30536.72125 Off-Book XLON
2020-09-02T14:37:47.203 GBX 12.9 230739 29765.331 AT XLON ALGO
2020-09-02T13:24:32.797 GBX 13.5 210840 28463.4 AT XLON ALGO
2020-09-02T10:19:47.730 GBX 12.6 210000 26460 AT XLON ALGO
2020-09-02T07:26:26.593 GBX 12.648 191612 24235.08576 Off-Book XLON
2020-09-02T07:55:09.013 GBX 13.166 188834 24861.88444 Off-Book XLON
2020-09-02T10:32:10.140 GBX 12.6 158731 20000.106 Off-Book XLON

If it was all about the price JB got for selling his stock he would have sold them at 21p to one of the parties that have approached him!

Instead he has sold them to PI because he knows its his only way of buying back a reasonable portion of the stock back, if he sold to an institution then they would want more then its worth, or say "NOPE you said its worth £1+.. so p**s off with your 20p", and he would be locked out for good. PI are the only group impatient enough to sell them back to him for crumbs.

He wants control and to be top dog at the boardroom table again, always has and has risked it all to get his way.

Tis the devils work.

Nothing new today, just waiting for the last leg of these sales, nearly there everyone.

im not in the gang FB, after all this time and work i just dont want to end up underselling my position here so am constantly trying to keep on top of it all, maybe a stronger and wiser person then me wouldn't feel the need to keep looking at it daily, and would just set a sensible sell order or decide they are holding longer term and not selling at all and be able to just turn off all the noise.

I get plenty of things wrong, and try to learn from other people here who correct me when i am, so i wouldn't take anything i say as salt :)

forgot about potential GLEN for CEO, JR for Chairman FCA approvals, they should be in by then too.

Clear to see that there are alot of important reasons for keeping on the FCAs good side for now :)

Covid aside come January we should have
-Vreq sorted.
-Maybe an FCA update
-A better idea on claims.
-Covid holidays long finished with repayments being made.
-Some kind of cash facility renewed or replaced in place.
-Recommenced lending.
- some possible bond repurchases if still available at discount once funding sorted.
-Any stock overflow, absorbed in to the market, liquidity of stock sorted.

With all these things to come I would much rather have the vote for JBs return next year, there really is no need for the company to rush, as the company should be stronger by then and shareholders will be thinking about the actual companies future, not just hope for a quick 20p sell price (which long term undervalues the company).

Its going to be a hard choice but my brain says hold & my wallet says sell at 20p-30p.

with a substantial holding he could still help encourage the way the company goes and both parties would benefit from his input. nothing stopping the company coming to an arrangement to maybe do a JV with RG outside the UK...

interesting.
BT and RR were on my mind too.
RMG - Had at ipo, i have little faith on that one.
Bahamas that is something out the box, watched for years never traded.
TRX - i had that on the primary bid deal, should be good long term with facilities now paid for.