Member Info for itisagame

Well done for trying. Not long now the delist vote is Monday.

I like this share, i think that shandong were holding out for bagr to use more of its credit line for stock, then pay for the majority of the buy out with a credit against their account, they buy the company for cloth which they have made a good margin on, win win.

I like that the products are always in need, the low competitive cost of manufacturing and its location, the links with big suppliers and retailers.

Its been on my watch list since i was trading it around the time when the initial deal was announced, i may buy back soon, trouble its always been long quiet times between large rises when there is so much else going on.

I just don’t see this deal as worth handing over nearly 50% of the enlarged company, if it is a loss making company that no doubt needed to raise funds maybe an all cash purchase at a much lower price would have been a better route.

The acquisition was suppose to be supplementary to day to day business, not basically an RTO.

Assume the idea is The lidar equipment gets the data and mno can create a system to facilitate the data processing, make the data look pretty and help sell the system and service to the customer, together creating a marketable product.

It could be good long term but my guess is that they overpaid.

Watching L2 the last week and the buys / sells my impression is that the mm are currently sat with plenty of shares to sell, as the sell side is heavIly loaded at 1.6-1.7 (most likely from the placing) the buy side is pretty empty again I’m assuming because the mm have Filled all their orders from the placing, now they have plenty of stock and don’t want to buy more in bulk unless it’s dirt cheap.

With this in mind I’m guessing that if it clears 1.7p it will be in brake out territory, finger in the air guess that they will want to clear around 5m shares before letting it rise freely and shoring up the buy side of the book.

Would be nice if they cleared more share before news and let it rise unhindered on news day but I expect there may be a bit of lag between news and the Full rise, not to long though as it was only 11m shares, could be a couple of hours or a couple of days depending on the volume around news day.

That’s my theory, let’s see how it plays out.

Fingers crossed and GLA.

I Would like to top up here around this price but I’m waiting for news elsewhere until I can.

Reading the RNS and This acquisition doesn’t excite me.
I don’t think it’s a great deal, only benefit is to the people selling the company as it brings a loss making company on to the floated market.
Good luck, I’ll pass for now.

There it is.

Lidar company acquisition paid for by issuing shares in MNO subject to shareholder approval. Hummm.

I missed it but 40% up on the bid since Thursday is nice to see.

If you are not going to be mining Why not just sink cash in to solar or wind farms and get a permanent return?

I understand that as the government switch’s everyone from gas boilers etc and gas is replaced by renewable electric in the future then gas prices will drop overall as demand drops So there could be a cheap time to buy it but long term renewable will out supply the need.

Why not just hedge the price in the markets and trade the energy market? All you need is A room with a pc to do that, as close to zero overheads as possible.

This project sounds like another waste of time and cash.

Gut says it f it happens then they will buy the first few lot of gas at the higher prices and need to raise more capital or dispose of assets.

Sorry there are easier ways to play the energy market, agree with others this smells like bs.

Well look at that, I don’t often predict a bounce point correctly :)

Not yet, waiting for movement on others atm, but this is still on the shopping list.

If you have 25%+ backing to stop the vote then you also have enough backing to put forward a new plan for the company to a vote. just need to use the limited combined power that you have. (And use this power For good)

For equality of ramp - Worse case I see (IF the vote is rejected and they won’t dispose of assets and go to shell route) then the share keeps trading and the company uses the momentum in the share price to do another placing probably at par - 0.2p. But fights to trade another day.

Still stand by my expectation of a £500k Mcap once official idea comes out as a shell, then £1.5-£3m mcap (if they raise £500k, become a shell and sell off the assets for £1+).
Also I still don’t own shares here (I would but it hardly executed any of my buy orders at 0.1 when it was 0.05 and I didn’t want to just hold £500 worth), just basing my theory on past share dealings.
Fingers are crossed for you While I’m enjoying watching it rise from the side line. Keep the faith x lol

Even with the forever gloomy outlook by most here as it stands everyone who invested in the last 5 months has had a chance to make a profit here, many have had the chance to double + their investment. Where it goes from here who knows.
GL Atb.

Do you have an opinion on zbo?
~500k Mcap, large spread, large swings, announcing a right down on one asset by end of month, plan to announce “alternative options”.
Some say £3m assets but I think these are what will be written down.
I Only got £2k there as it can be a swinger

What alternative options do you expect to be announced?

“Whilst the audit is yet to complete, it is now clear that there will need to be a significant exceptional write-down of the existing carrying value of Masterpiece of HKD30,046K in the Group's final results for the year ended 31 March 2019, which will be announced later this month.



Given the current position, the Board has been considering alternative options for the Group, which it hopes to present to shareholders in the near future.”

Is it Possible that it was done to close out tax liabilities? I’ve seen that a lot before finals but not to memory for interims.
Not worried, just pondering while i wait.

And who are these “introduced investors” that now have ~8% of the company?

That is true pugg.
“A total of 11,335,746 new ordinary shares of 0.25 pence each, representing the maximum allotment available of the Company's remaining existing shareholder authority to issue new ordinary shares for cash, have been placed by Turner Pope Investments (TPI) Ltd, the Company's broker, at a price of 1.25 pence per share. The Placing has raised approximately £141,696 (before expenses) for the Company. As at today's date, the Company has no further shareholder issuance authority. The net funds will be applied to building the sales pipeline for the innovative membrane process systems and for working capital purposes.”

The Positive is I “should” be safe from a surprise placing here until after the next AGM which will have a resolution to issue more (unless a GM is called prior)

The Negative is me thinking - why did they max out the authority at a 40% discount to prior close? and do they now have enough cash to get to the disposal completion point?