Member Info for itisagame

4955, oh ITS tempting

Still 515 to buy tiny though

I’d prob buy it again if it did tbh, but I have my doubts it reaches 0.4 again, over supply of shares on the market floor has dwindled, and will dwindle further with every rally / fall which then makes a rise almost inevitable

It’s fine trading it, can be profitable, just don’t be in when momentum of the up stops.

ITS not the company it was when you invested, ITS just a shell company with a couple of quid in its piggy bank.

Just doesn’t need to be ramped to achieve IT but I still foresee a penny at some point.

And … 1 share trade earlier so prob get that Cheverton TR1 soon, people love a “seller out” RNS :)

And they ran at a £1m / month loss and spent that cash between 28/2 and 27/3 the time of the sale.

“The c.£700k you’ve estimated actually relates to fees relating to the transaction (strategic review and sale of ITSFL) with the remaining £500k being the amount in the company immediately after the transaction (“net proceeds”).

The business needs to consider the costs of the MVL as well as those associated with being an ongoing cash shell listed on AIM (Nomad fees, listing fees, insurances etc). It also needs to recognise creditors it has itself which will require cash going forward in any scenario.

Importantly, the MVL is subject to shareholder vote and approval.”

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I’ll share the above reply I had incase it helps others make an informed decision, it’s just a trade, good luck.

There’s money to be made trading but no need to ramp others in on falsehoods.

I emailed them a while ago, the £700k relates to the costs of strategic review and costs of the sale.

The £900k was used as working capital in the subsidiary thats was sold.

£500k is what is left

Minus the running costs of a shell for 6 months, (staff costs, aim fees, legal, offices, circular for potential MVL) and left with around £200k.

Which is where is sits and around where I predict what will be available for distribution if MVL succeeds.

If there was more cash left the strategic review costs would have been paid from that and not from the asset sale proceeds.

£700k was for the strategic review and costs associated to the sale.

The £900k was used running the business in feb.

The have £500k left and will use atleast half as running costs for next 6 months, MVL costs £50k, might be £100-£200k returned to shareholders if MVL succeeds which is subject to shareholder vote.

There is no magic pot here, but 1p is where it should be.

I chickened out and sold lol, account is £1500 better off than this morning, I know, I know it’s worth more but I fell for the old NT NT dips, get quote, NT, dips, gets quote press sell, fomo 10 mins later I look to buy back and NT so yea I’m locked out with everyone else watching.

I can’t get attached it’s just a trade, You wait Tr1s will come in now and flourishes

Not yet HH, i still only avg 0.5p, 1p for a semi, then see from there.

only a few got absolute bottom.

I know, but for others looking I’ll repeat the obvious ups and downs that we have spoke about the last week or two :)

Octopus 1.5% conocord 1.5% chelverton 5% all out after exiting through same door at same time I expect.

Chelverton was only on over 5%, did look yesterday but they didn’t have April / mays update on their website so until confirmed by rns speculation they are now all out.

Just supply / demand, its £200k mcap with £500k cash.

Supply was over done and anyone wanting to sell has had the ability to do so, it’s worth >0.5p(1p currently) in a wind up on cash in bank alone.

It’s Really not moving mountains, it’s the price of a trendy car or half a 2 bed semi

Well that’s half the company traded this morning. Huge volume, huge move % wise but tiny £ wise. +£100k mcap lol

Will take 1.5% at 555 in one go, demands there atm.

Mm Happy to take plenty at 0.52, come on don’t be tight, 1p please.

It’s on there under ITSARM, and 0.446 to buy currently (0.43 to sell)

i wouldnt get to excited or say once in a lifetime with ITS, i have been in many shells over the years and this one is still a risky trade, the risk of Adam holding his 24% cannot be underestimated as that voting right can block or pass almost any resolution that is put forward.

Im just here for a potential bouce trade in an oversold stock trading at less than cash in bank so Yes it is technically cheap, but im not here to build a company and i dont intend to hold to a suspension.

Sure the right RTO setup properly without extreme dilution could in theroy push the existing shares in issue back to £3m worth of mcap one day if it is the right project, but i dont think an RTO is their intention and that they will push for the VML which although could return most of the current share price to shareholders once it was done the company would need a heavier cap raise to fund an aquisition and with less time on the clock to do so.

For every RTO that 10x or more there are many that die off, or end up valued at a fraction of their value before RTO

in my mind that £900k covers BAAJs stake of the £1.2m sale, with adam paying the other £300k for his 25%, numbers are a bit convienient

it was the last £900k in 3 weeks that seems to have vanished and the £700k on the strategic review thats coming out of the £1.2m sale price that didnt add up to me here. by the bye now, i just want to see a TR1 with adam out.

the issue here is the board are not aligned to a shell company they want to spend limited time processing an MVL and dealing with legacy issues, there is limited time with an AIM shell, 6 months, the company need new directors asap who for example have experience in mining / oil and gas / tech startups and would atleast give the impression of a board actively looking for an RTO project and building a future, not one that is just dealing with legacy issues.