Member Info for itisagame

It was 1.87 and 1.84 when the algos sold 700 quid at 1.7, getting desperate

Few days Old but..

“But critics said the move did not go far enough as the shares are still listed on the stock market in London “

Four Russia-linked companies including a steel group backed by Roman Abramovich have been ejected from FTSE indices.

Evraz, Petropavlovsk, Polymetal International and property group Raven – set up by British entrepreneur Anton Bilton – will be barred from holding positions on the FTSE 100, FTSE 250, FTSE 350 and FTSE All-Share Index from the end of this week.

The move is a blow for the four businesses as many investment funds track these indices and membership affords an air of respectability.

But critics said the move did not go far enough as the shares are still listed on the stock market in London despite their exclusion from the indices.

While shares in Evraz – where Chelsea owner Abramovich holds the biggest stake – are suspended, trading continues in the other companies.

And one of the companies, FTSE 100-listed Polymetal, said the expulsion will have no effect whatsoever.

A spokesman for the gold miner said: 'The recent exclusion of Polymetal shares from the series of FTSE equity indices does not impact the company's listing on the London Stock Exchange. Trading of Polymetal shares on LSE continues.'

FTSE Russell, the company behind the indices, said the decision was taken after brokers refused to trade the shares of Russian-linked companies.

I Guess that’s polygons algo closing the last of their short sub 2p?

i have invested 2 years of my life, along with my dreams, hopes and joy in to amigo, have made and lost a fortune multiple times here, Time is an investment you dont get back.

19/1 or 5% of enlarged is reiterated multiple times in the scheme docs.

after a rights issue and placing to raise the minimum £70m needed to fund new lending and pay claimants
a market cap of £100m for the new business (with £55m cash as £15m gone to claimants) would equate to around 1p per share.

Yes in time amigo could be great once this is all done but the existing equity is worth less than 1p.

Also it states amigo has only been given £8.4m of the pot which is for running costs which is much less than current running costs, and i would expect to last around 6 months from sanctioning ie end of year.
The rest of the cash goes to claimants.

I know its hard to accept a loss but it is what it is.

and some still not happy.

KP GROWTH MANAGEMENT LIMITED
Was a dormant company until last may, then James appointed in November, my guess is it’s for a potentially separate play.

Take over of FPP is the cheapest way to get it listed.

True, I think one point missed was

“The Board will continue to evaluate potential transactions in line with its strategy to invest in innovative technologies with high growth potential in the fintech, health care and health care therapeutics sectors.“

It’s dropped this low Because people are willing to sell this low after holding for 9 months and being very frustrated with the current result.

All it takes is an RNS to clear a few issues up and state the current state of play / cash position / potential area of future acquisition and it’s back to ~£2m mcap which is about what a shells worth.

It was on the higher end of the pricing before suspension because there was a bit of a “Spac boom” at the time, and let’s not forget the RTO with Ciitech (or Hellenic / whatever else was rumoured aswell before) all could have been great, but existing holders the value all depends on the level of dilution / warrants and terms that they want, and ciitech simply wanted to much, they had CLN stock to issue, placing cash to raise and issue, warrants and options to issue, the equivalent to business payday loans and much more I expect.

Now it’s a low mcap low liquidity shell (spac if you prefer the term, technical difference here is negligible )

That’s me done my bit, topped up what I can for now, down to a ~4p avg lol
I’m happy buying sub 2p, we will see, until then I’ll just hold and wait.

Has chill done a deal with clifton for Ciitech or what? Timing of chill rise is a bit coincidental with FPP calling it off.

Buy at a penny, bring the average down, sell at >2.5p = profit
Pretty simple plan to follow if you have spare funds.
(Aslong as they don’t raise in meantime. )
I’ll be trading other stocks and banging the profit in as it comes, I will probably have to TR1 eventually lol

£3.5-4m mcap and we make our money back.

Would have probably needed £100m mcap to get back to where we were pre ciitech which is about what the whole cbd market is worth now after a year of plummeting.

a relief really, this will get bought up and it will rise again.

Id love for it to be cancelled, but reading Febs Russell RNS ended with this, so i think its a technicality and this is the update mentioned in feb:

Based on the current timetable, FTSE Russell intends to assume non-election and implement the event as
a capital repayment to Evraz on the ex-date, with the amount based on the Moscow Exchange close price
of Raspadskaya converted using the 4pm WM rate on the cum date (i.e. from 11 February 2022 close).
FTSE Russell will apply a further adjustment via a negative or positive capital repayment once the
finalised value attributed to the share sale facility is confirmed, effective on the business day following
discovery.
The investability weight for Raspadskaya will be assessed during the quarterly review schedule based on
any updates to the published shareholder structure, when available

It means boom, shorts screwed.

in each session

its dropped by atleast the div for the last 7 trading days, it wont drop by the same again.

Thanks HH, all the best x