Member Info for itisagame

i took the gamble on them running it till september without returning cash to shareholders, i also expected 2 sit in directors to cost far less than £40k a month. i didnt expect them to announce shutting shop next month, after a shareholder vote to retain the listing

There is plenty of cash to run it to september as a shell, them opting to delist instead is terrible.

Makes it was a pointless vote last time if they are going to just proceed with what was voted against last month, and the additional one month trading hasnt cost them as much as the difference between initial MVL est and current MVL est.

£5K for a TR1 anyone? Risk the £2k for a double, or get a return of £3k

Any takers lol

I can sell at 0.2933, I added <30

If I lose 1/3rd more so be it. It’s £150k mcap shell now.

Dream scenario : just need different board members, get someone else on, mention targeting lithium / mining / oil whatever and it 10c in mcap from here.

£170k mcap and they say they doubt they will pay out £100k.

When they have £500k, and will be due quarter mil VAT refund against all these ridiculous legal fees and bs they paid and are paying out

As at 25 April 2023, the Company had cash of £516,000 with current contractual liabilities of £231,000 primarily relating to one-off expenses incurred for insurance and advisory fees during April 2023.

Joke.

No mention of vat refunds which will be due.

They are all doom and gloom

nearly, if i traded a bit better i would have had a TR1 here and might have added a bit of spice to us, (yea i know £9k not hard i just dont want to pay for one with capital, only profits lol)

I only say becasue theres only a few of us trading it here, im not one of them "oh i sold ages ago in the spike" types lol

i gave ibpo a go, but didnt sell it in the friday rise when up and then held too long so was down 50% at one point yesterday,
fortunately today i ended up +~30% which is now here, for now, was a bit miffed the spread moved after first buy or id be >1m now, 30k shares short haha.

Back with 200k more shares.

Quick detour, brb Monday / Tuesday, hold my beer.

Saw another rainbow, Don’t go anywhere without me ;)

Just like magic, NT any amount at 0.50, Bid drops, can sell 600k one lump .475.

The joy of illiquid stocks and why you need to trade the highs in to volume on the days it is available , in order to reload when the noise moves on and sells at bid.

Halifax, for this trade.

I checked it for a couple k down to £50, it wouldn’t surprise me if it was just Halifax being useless, it often is which can be off putting

Not surprised it was a quiet day, mm taking a day off from creating a market, it was NT all day,

when supply here dries up it will move up, will only take £10-15k of shares in hands that will hold for £1m mcap and the free float at <0.7p lows is gone, then it ranges 0.7-1p, we had a taste of how fast it moves last week, just hold it will move eventually, im tapped out or id buy them. ;)

Also bare in mind everything the PLC has used it’s cash flow on and paid VAT on will be claimed back to the PLC (£700k of legal fees, strategic review, plus everything prior could potentially have £130k of VAT to claim back against, add up everything else and there could be the mcap due in VAT refunds)

Next Full year results due July, for period ending 31/3/2023.

At 31/3/2023 the plc had just sold the subsidiary so whatever it shows is remaining as debt / assets will be a good guide to where we stand.

unfortunately we operate in a stock market where it is acceptable for companies to give financial information 3 -6 months after the fact so have to use our best judgment and crystal balls until told otherwise.

Dish added to the <£1m mcap list today, and that is terrible, CLN at 50% of whatever deal they do if they do one, bill for directors pay in lue building up, terrible situation and still high mcap.

Well you never know where the money went to or reason to sell, could have been a stop loss, or could have gone in to something that doubled, so can’t say idiotic, it’s not without risks here.

But I was looking to see what else is around sub £1m mcap and I think ITS is the best placed.

ITS - shell £500k cash £250k mcap got till September is what it is.

CTEA - £400k mcap, CLN £300k debt or so no money insolvent.
TRAF - £400k mcap, kinda a shell but has existing properties, £1.6m asset, £5m liability, little cash.
KAT - £700k mc always needs to raise cash never really goes anywhere.
MDZ - plc is there to fund directors salaries to the subsidiary, an actual business but never makes money, revenues always seem to match at most the directors salaries and admin fees.
MNRG - never really achieved anything, tried for acquisitions not got anywhere to date
TIR - £1m mcap but has £500k in listed plc investments
MAC - an odd one but has no money to excise anything. Potential
SCGL- imports shampoo or something, £13k cash, >£1m debt.
INSP - cash cow for management via milking placings in to every rally, no rev tradable always spikes off insiders buying before / selling after news (followed by placing)
NSF and Amgo - both heading for delisting, consumer loans / guarantor loan saga, need to raise tons of capital to repay claimants or just shut shop, current equity worthless.

That is the scrapings of the bottom of the barrel in the market.

So ITS should atleast be cash in bank, 1p / share until told otherwise or something comes up.

You know it’s quiet when you notice the same trade amounts, ie 170,647 just sold was a buy Friday morning, and lost ~20%, it will bounce, don’t need to take hits like that at £250k mcap / £500k cash