Member Info for itisagame

GCG (standard listing) relisted at 3pm today having failed their RTO with no money sitting at a £700k mcap.

Its £500k in bank - £250k mcap.

New website, holder list not changed from old website, last updated 27th Feb.

Only >3% holders still same :

Adam Frisby 12,103,446 23.05%
Chelverton 2,712,500 5.17%
Paul Masters 1,977,504 3.77%

Afzel still listed at 2.5% but as someone posted last week he sold at 1.6

Don’t need to keep an eye constantly over it, the trading future of ITS has been secured and it will be trading for another 6 months to September. Buy cheap, set a price alert or two, had an rns alert set up, and leave it be, you don’t need tons of exposure here for good potential gains, so no need to risk heavy positions just patience.

(as always with everything and I’ll keep saying because many don’t understand) potential high reward Vs a potential downside of zero.

As it stands £250k mcap for £500k.

Both went private to preserve costs and still retain their businesses

They will spend the £500k in the 6 months while listed imo, shareholders are not going to see even a fraction of a penny from the funds, i look at it as having zero cash and 6 months to trade, there are many companies out there looking to list so at £250k mcap its as cheap as it comes as far as routes to market go, additional funds would obviously be required and raised to persue an RTO.

my bet is on the market valuing the company at more than 1p / share at some point before delisting in September (even if temporary) and give people the oppotunity to sell at more than what would be achieved via the liquidation option.

To me, technically as it stands i see it as cheap vs potential upside, downside is still zero.

ITS not for everyone.

ITS have £500k (1p/share) in the bank, minus the next 6 months running costs.

MVL is subject to shareholder vote / approval.

TR1 for £7k anyone lol

Not a large position but my stock was only worth ~£2m at the highs, so only need a 500 bagger to get there again.

(Ps a joke ^ Im making light of the situation for the serious)

0.5p limit, 0.49p paid, 0.5p with fees in end, im not worried about the 0.01s, it’s the 0.1s / 1.0s I want. ;)

Just filled, that’s me done.

Not filling my orders at 0.5p tbh, no stock changing hands.

That’s why I bought some, neil, <£300k shell with 6 months trading left in it and cash currently at 4x the mcap, likely to reduce to 1-2x the mcap.

We have all seen shells die off and they have normally had a few 100-300% spikes in them before they do off their lows even when they have £500k+ debt, this however is strange as it shouldn’t be this low to start with because of the cash position it should be 2p and drift as cash runs out, im definitely selling in to one of these spikes if we get one as I don’t want to hold through another RTO suspension (I’ve sat through many over years, most fail to achieve anything) but the odds of making cash here look quite favourable to me.

Don’t get me wrong it’s still potentially zero in 6 months if managements ideas and efforts are not inline with shareholders, they need to be on as little salary as possible and manage costs like they have never known in order to preserve cash, none of that influencer lifestyle off the petty cash tin now.

i think shareholders need to get a GM vote to keep the cash within the company and not distribute it to holders which would then put the company in a position where is would need a capital raise, and get a board in that will activly persue an RTO, the current board do not intend on this.

An unfortunate loss but good to hear that Afzal didnt lose out the full wack, an extra 1.1p / share loss would have been another -£15k for him, hopefully just a temporary hit for him and he recoups his losses elsewhere quickly, he has picked some great recovery stocks over the years, still never nice to lose in a stock you back with the best intentions.

10p paid, looks like a strong close in to suspension, good luck to holders.

Just remember 52m shares in issue.

People trading 1-2% of the company at a time, that level of stock availability in open market is not normal and will drop off, this is at bottom and accumulation zone, ready to sell and fuel the availability of stock to buy in to a rise.

If it’s the same 5% changing hands it will eventually reach hands that won’t want to let them go and price will have to move.

Guess that was the only way he could buy stock while in a closed period.

No one else took the 10p, director got lots of stock for a song with minimal dilution. £2.5m raised at 10p

They could have just sent shareholders 2p / share worth of stock, im Sure most could all do with a few new shirts after having the old ones ripped off their backs.

3 other websites. £1k to £5k. They are pulling your leg at £700k

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