Member Info for itisagame

No it’s not worth it as a stand alone listing to someone who just wants a listing, that is unless they can renegotiate the debts or if the debts are held in a subsidiary that they can liquidate that removes the liabilities from the plc.

But if they are doing this working with the debt holders to enable the company to raise capital from shareholders to repay the debt holders then it makes sense from the debt holders point of view.

They both have extracted more in wages from shareholders at angus then what the company has generated, if they can generate a return from something here with out extracting cash from new shareholders (ie financing against a revenue generating asset) here I would be amazed and I would love to see it for once over the normal style of death spiral financing.

In Tids defence he did lose millions in angus.

Ill throw a hypothetical scenario out here just to try and gauge others interest.

If the board did offer the option who here would participate in a placing at 0.1p each with 1 warrant for every 2 attached at 0.2p with 12 months expiry on them?

assuming they need £75k for their loans, £100k to clear trade creditors, plus say £125k extra for short term working capital, so £300k, 300m new shares.

873m shares atm, £300k and 300m new shares from an OO at 0.1p, plus a potential 150m more shares at 0.2p raising an additional £300k.

At stage 1 the company would have 1.2b shares in issue, £125k working capital, £1.2m mcap at 0.1p.
At stage 2 the company would have 1.35b shares in issue, £425k working capital, £2.7m mcap at 0.2p.

you might say why would i buy it when its lower atm? well this sets the company up ready for the rule 15 period, the warrants are an incentive, sure they might not get excised but would offer some potential upside in the future for participating investors, and not to forget about existing shareholders sat with a much higher average share price, this gives everyone the chance to avoid the dilution.

this ensures the short term continuation of the company while the existing sites are being marketed for sale and the company decides on what to do with the 45% stakes prior to becoming a shell.

personally i could probably be persuaded to put my part in, as i would assume my current investment would increase by a similar monetary amount as the sp should go >0.1p short term.

Yes?
No?

He will be a director of the new company and will be creating himself a new income stream, new company, new remuneration levels, new credit lines, ready to extract.

You can’t raise capital outside the stock market that you don’t need to ever repay back, but if you can “invest” $100k in a shell, put yourself in a paid role and then extract millions over years if you can keep the idea of a return going.
Use the “lord” for The idea of “ A Lannister Always Pays His Debts” and it goes along way.

PS a lordship can be purchased by anyone and costs £24.95. And If you use the title you are a certified bell***.

It’s not what chal was, it’s what the listing can be used as a vehicle for...

People are not necessarily gullible most just timed their trade wrong, a small few have made good money from trading chal, this has always been a speculative stock and a lot of people get caught out by buying on the spiked days that a few use to sell, many people only buy this because it can rise 50%+ in a day on little or no news, deep down they know it can drop the same way on a couple of trades but where the fun in acknowledging ?

Been as It looked like this was going bust before tid and luc arrived, i think There is Now a chance for a longer term future for the listing, everyone who purchased in the past 18 months up to ~0.2p could probably recoup their cash and possibly profit if they traded on the next few spikes or during the rule 15 period, but long term they can’t magic cash from nowhere, it will eventually be raised from shareholders one way or another.

I’m not a mind reader but I’ll give fortune telling a go and I will guess how the story plays out, as follows:

They flip an asset in to chal, by tid and luc taking a director roll, they convert the $100k debt to force the approval at a Gm with around a ~25% holding that they will have plus stock the other directors hold.

Then some of the old debts get converted to stock and maybe partly refinanced, they might knock a bit of debt off to make an rns look good, knowing they can make it back later / plus some extra cash is raised to finance the RTO period, say £200-£500k. Converted stock is sold off by the big debt holders in to a ramped up speculative share price, they are happy they recovered some cash and with them paid back tid and luc can borrow new funds from them on new terms with more fees.

Tid and luc don’t care about the $100k, they get it back in wages, fees, perks, kick backs one way or another, they might have even been fronted the cash by the RTO target.

Asset will probably be a US oil play to utilise chals US losses, plenty of Texas and Permian assets going bust, or urgently need refinancing, or are being taken over by debt holders who now wanting to off load them, so they can be taken over with low upfront cost, (ie the uk based £1 saltfleetby deal at angus) but lots of longer term costs or repayments needed, it moves liabilities from one book to another.

RTO completes, stock at some point gets consolidated, re raises capital, might have a bit of a future but all old holders are diluted out of the equation.

Possible The big debt might not be converted and is instead repaid by a fund raise instead But that’s capital heavy and conversions are easy to flip, and every party here is skint.
if not all converted early its converted down the line, but in the end lots of cash will be extracted from the stock market to pay for it all.

This has all been foretold in my crystal balls, they are wrong a lot of the time, but more often by luck they sometimes speak some truth.

—-

If it goes Sub 0.1p, it could be worth a quick dabble on the idea that conversions will happen at 0.1p but who knows.

Ps I’ve Still not purchased any, still watching and waiting, and hope for it to be entertaining atleast.

Consider it as The debt holders appointing them to attempt to recover said debt instead of letting it go bust and them losing It all.

If Chelverton, Riverfort, Rockpool etc really wanted change they could have purchased more shares in the open market and forced the issue, instead they took that whopping loss to stop them having to tell their investors about their investment losses, alas its all now in the past, And now we are sat at a £500k mcap with that ~£10m spent on PPGs equity stake in the 6 sites, £650k in back fees due to PPG,

worse case the potential shell listing in a market that has very limited shells available...

AAOG - taken, CHAL - taken, MTFB - taken, HNG - taken, SRO - taken/suspended, VOTA - taken/suspended, NUOG - taken/suspended, BOU - taken / suspended, AXM - done, all the others - to expensive.

PPG - Could be available to a new home very soon.... just takes a £250k convertible loan at par to secure you the listing......

Come on board give us a good update or ask us for cash via an open offer.. say 0.1p with warrants :)

I’m Happy to take a 25% profit for a few days holding and help the mm out. I’ve left plenty in it for the next guy. Will rebuy around the placing time if it drops but I dont think it will, it’s the only potential negative here now, everything else should be positive from here.

sell limits opened right up, can sell £8k in one chunk, but can not buy >£200.

in CHAL*

Might be of some interest to you, Lucian and Tidswell are involved CHAL now, (only mentioning because of the the ANGUS - Saltfleetby - Forum link). Out of interest have any of you come across the names Mr. Rupert Esmond Ian Baring Or Zhen Xie ?

They do indeed, this Should set a 0.1p floor initially and give holders a ray of hope atleast.

With them two If it’s like Angus and saltfleetby it Could be another £4-10m raise for a £1 asset purchase.

Debt holder will be happy.

Lol They milked so much and failed at Angus, now looks like they need new credit lines for new ventures, to similar to the existing board. But you might be able to flip a few bucks. Good luck.

end of the day the RTO target doesn't have to be a good one, just good enough to justify a capital raise that pays for setting it up and a little extra for a bit of debt repayment, wages and create enough volume to bump the sp up for some conversions, better to keep the company alive to extract some new cash from shareholders and maybe restructure the debt then it wipe out and take a complete loss on the convertible debt.

look at wdc icon and the never ending conversions, it was rubbish for shareholders but the legacy debt (and a heck of a lot of financing fees) has been repaid with funds extracted from new shareholder funds over time.

Plenty of negatives but while its trading there is still a chance for a little upside.

Its not for me but i still keep an eye on this.

Maybe for some but I’m sure the people who have been working their Butts off in the background of every supply chain through all of this that have not been getting the free lunch that is furlough will welcome a much needed day off. ;)

Not. This will see them through the year.

My only concern is that ordinary sells are limited to a ~£200 trade, and on Halifax atleast if you wanted to set a limit order you get

“ The stock selected is not eligible for TradePlan.”

So it seems to be a case of if you buy, your only option is to hold until the order book fills, quick trading isn’t currently an option.

Only £2m / 800m shares via primary bid, so £12.6m from other sources. Might see an II or two pop up after all.

just a thought, with 4.8b new shares (~80% of the enlarged company) there is plenty of new shares being issued to allow entry for a new II / partner / potential future bidder / take over on the cheap?

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/company-news.html?fourWayKey=GB00B5SGVL29GBGBXASQ1

The Directors intend to use the net proceeds of the Fundraise as follows with approximately:

· £1.1 million towards the first phase of the Group's expansion programme to increase the manufacturing capacity in San Antonio to sustain future business growth, and general capital expenditure;

· £4.0 million towards the second phase of the Group's expansion programme to increase the manufacturing capacity in San Antonio to sustain future business growth;

· £1.9 million towards R&D and clinical, generating further clinical and health economic real-world data to support brand differentiation of dCELL® and BioRinse™ from competitive products; and

· £5.0 million towards general working capital to support the Company's growth.



It is envisaged that the first phase of the expansion programme will entail the addition of two sterile packaging clean rooms in the existing facility over a six month period. Once fully operational, these additional clean rooms are expected to increase the Group's current BioRinse processing capacity by c.50% and thereby significantly increase the maximum serviceable revenue for the BioRinse product portfolio.



It is envisaged that phase two of the expansion programme will entail a further potential ten clean rooms, in the new facility adjacent to the current manufacturing site, expected to take approximately 12 months to complete. The Company intends to bring this new capacity on stream in a managed process to meet demand. Once fully operational, it is expected that this completed expansion programme will increase the Company's revenue generation potential by up to c.$36m per year.