Member Info for itisagame

Our subnets been passively earning a constant $700-850 a day the last few weeks in TAO now, more than many listed companies are earning.

A very nice side income.

And it’s Early days still.

It’s in the RNS

“Whilst we are very pleased to put the At The Market facility in place, with the Company's shares currently trading below net asset value, we have no intention to raise equity capital at current share price levels. We are focused on enhancing shareholder value as we grow our crypto treasury and we will seek to use the ATM in times of more buoyant market conditions. By putting the facility in place, we seek to demonstrate our intention to utilise sophisticated mechanisms for raising capital and will also be reviewing non-dilutive finance as the business grows. We are also keen to seek an OTC listing to enhance the attractiveness of the Company to international investors.“

Peel just gave their remaining CLN conversions a lower conversion price. Can conversions at 0.15 at current price.

Is a pretty bad rns, at this rate may need to amend terms to encourage bondholders to even vote, let alone get bondholder approval.

Fluffed it up with the mine details, and even that’s worse than expected given it was anticipated to be in production in weeks, not months.

Not that it matters while suspended anyway,

Special Resolutions

7. that subject to the passing of Resolution 6 pursuant to and in accordance with sections 570 and

573 of the 2006 Act, the Directors be and are generally and unconditionally authorised to allot

equity securities (as defined in section 560(1) of the 2006 Act) wholly for cash under the authority

given by Resolution 6 and/or by way of a sale of treasury shares as if section 561(1) of the 2006

Act did not apply to any such allotment (or sale), up to an aggregate nominal amount of

£277,205.89, such authority to expire on 30 June 2026 or if earlier, the date of the Company’s

AGM in 2026, save that prior to its expiry, the Company may make offers or enter into

agreements which would, or might, require equity securities to be allotted (and treasury shares

to be sold) after such expiry, and the Directors may allot equity securities (and sell treasury

shares) under any such offer or agreement as if such authority had not expired.

8. that the Company be and it is hereby generally and unconditionally authorised for the purposes

of section 701 of the Act to make market purchases (as defined in section 693(4) of the Act) of

ordinary shares of 0.15p each in the capital of the Company (“ordinary shares”) on such terms

and in such manner as the Directors may from time to time determine provided that:

(a) the maximum aggregate number of ordinary shares which may be purchased is 9,240,196;

(b) the minimum price (exclusive of expenses) which may be paid for each ordinary share is

0.15p; and

(c) the maximum price (exclusive of expenses) which may be paid for any ordinary share does

not exceed the higher of:

(i) 5% above the average middle market price of the ordinary shares on AIM, a market

operated by the London Stock Exchange plc (“AIM”) for the five business days

immediately preceding the date on which the Company agrees to buy the shares

concerned; and

(ii) the price of the last independent trade of any ordinary share and the highest

independent current bid for an ordinary share on AIM at the time the purchase is carried

out.

In exercising this authority the Company may purchase shares using any currency, including

British pounds sterling, United States Dollars and Euros

Steve: "You’re asking me why I want an explanation as to what EIGHT resolutions were passed at the AGM for a company I have interest in? Do you not think it’s reasonable to release this info to holders?"

All on the website on the circular, all standard stuff, nothing special

Ordinary Resolutions

1. To receive and adopt the Annual Report and Accounts for the financial year ended 31 December

2024.

2. to re-appoint MAH Chartered Accountants as auditors of the Company to hold office until the

conclusion of the next general meeting at which accounts are laid before the Company.

3. to authorise the Directors to agree the remuneration of the auditors of the Company.

4. to re-appoint Christian Yates as a Director of the Company, pursuant to Article 70 of the Articles

of Association.

5. to re-appoint Andrew Donovan as a Director of the Company, pursuant to Article 67 of the

Articles of Association.

6. the Directors be and they are hereby generally and unconditionally authorised in accordance with

section 551 of the Companies Act 2006 (the “2006 Act”) to exercise all powers of the Company

to allot shares in the Company and to grant rights to subscribe for, or to convert any security into,

shares in the Company up to an aggregate nominal amount of £277,205.89 but subject to such

exclusions or other arrangements as the Directors may consider necessary or appropriate to deal

with fractional entitlements, treasury shares, record dates, or legal, regulatory or practical

difficulties which may arise under the laws of, or the requirements of any regulatory body or

stock exchange in any territory or any other matter whatsoever, provided that this authority shall

expire on 30 June 2026 or, if earlier, the date of the Company’s Annual General Meeting (AGM)

in 2026, save that, prior to its expiry, the Company may make offers or enter into agreements

which would or might require shares to be allotted or rights to be granted after such expiry, and

the Directors shall be entitled to allot shares or grant rights to subscribe for or convert any

security into shares in the Company pursuant to any such offer or agreement, as if this authority

had not expired.

That was the agm didn’t mention the bondholder meeting that was before the AGM today

Systems far from perfect, but everyone knows the house always wins, the pool table floor isnt level, the fruit machines rigged and the roulette table is weighted but choose to play anyway.

They call it “creating a market”

A general rule in most cases I’ve noticed is

It’s ok if Long positions and real shareholders lose money, regulators do nothing.

But when shorts and forward sellers lose money they moan to LSE and end up getting their own way, even if it’s the fear of the actions their moaning and complaining has caused.

I’ve watched half a dozen over the years, been caught in about 3, each time resolved fairly quickly with a raise, easy to see how when people each time were buying 1/2/3% of company in a single trade, that stock has to be found and settle in the new owners share dealing account within 2 days, took 3 weeks on some of the stocks I traded.

Instead of suspending they all should have squeezed up as the sellers scrambled to buy and find the stock to settle their previously made sells, but the company gave in - to get the stock trading as quick as possible - and did a small raise.

When brokers / forward sellers have been fined in the past it was only a couple grand, most the time it’s just a warning or nothing at all

350m volume over last week,

Id guess half of that volume was genuine buy/ sells, from existing issued stock, as many traded multiple times in a day.

Leaves 175m shares to find.

-75m issued at 0.195 so far from CLN which have all been forward sold.

-75m will be issued at same price, With stock suspended the remaining CLN will be converted at same price, if peel is the bond holder they will just offload temporarily to another party to overcome the 29.99% rule.

-25m short? No worries, sell the bond holders 33.3m shares to market and return them later.

As soon as all the CLN stock is issued the problem is resolved.

In Some past situations like this the company does take advantage and issue new placing stock to settle the problem, if other CLN holders that havnt converted don’t convert the company could buy back the CLN for the +25% premium cost and issue new shares via a placing instead, I’d make the forward sellers squirm and price the placing higher, but normally the company and parties come to a civil arrangement on price.

Unless the 70m new shares doesn’t cover it, and further from future remaining CLN conversions, it will be trading again after 2nd July, once shares are issued and allocated to positions, won’t be long imo, simple solution,

Haha worse case PEEL just created buyers at 1.5p for 33.3m more shares so bondholders can sell straight away.

“Application has been made to the London Stock Exchange for the 45,057,357 new Ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission will take place at 8.00 a.m. on or around on 2 July 2025.”

Robs right, tbh it should have been suspended when that 45m share trade popped up, the naked short against the CLN was clear as day to see, then you had the other 6.5m 6.5m 8m trades - all huge % stakes of the company

Shares need to settle within two days, well they won’t if they dont exist and take a week to issue !

Expected the whole CLN to convert in one go

26-Jun-25 15:07:26 0.275 133 Sell* 0.37 O

Is that your stop loss hit imram 😂

Yep, I have no illusions of a gold mine that will compete with Newmont, I only intend to trade the rounds of catalyst I have mentioned last few days, and what I expect to happen is only based on trading similar situations in the past, they will engineer share price movements, there is money to make, chances are 75% of traders will get stuck in a bad trade, (as I and we all have many times) but remembering the movements of Ecco and others gives me some confidence that if you buy the lows you have a good chance to make money while volume allows.

They have agreed to restructure in the past (ie 2021, 12% to 8% interest, and taken shares to sell in to market) so have shown to be very lenient in the past.

I can see a way around reaching the mcap and clearing the bond with financial engineering, but what I think and the boards plan of actions may be miles apart.

In any case the share needs to be super liquid and have tons of appetite for new buyers and investors, or it none will work long term, and the best way to achieve that is get the share price up.

Sp has Held up well so far today, I expected some panic selling to buy in to, but I dare say it seems peels market making methods have created an “orderly market” so far atleast. 👍

If stays like this I won’t get my desired reentry for this round, so I may end up just waiting and watching this round out, but there are many more trading oops in future rounds as events unfold.

If sp holds and the rest are converted soon the Conversion price should go Up, meaning less dilution than there potentially.

I’m sure you will, if he buys a dip, and it will be the best company ever then 😂

As There was 45m, 6.25m, 6.25m delayed single trades the other day, and 8.5m yesterday, the CLN conversion number should have been higher than 27m shares, but seems to be ~30% of co, so maybe one holder excising the maximum - peel sold for them (or peel is CLN owner, selling for itself on T+5/10/20 or so, expect more CLN RNS over next few days / weeks, and the trade oops that go with them, as we know most already forward sold.

I wouldn’t worry about PEEL, No one knows what overhang is left while the CLN is being forward sold in to the market. (For example Worse case at absolute bottom full conversion +161m shares issued at 0.195, if held off till next week and if sp stays around 0.4 it would be +90m ish at 0.35p, then it’s assuming they are selling and not holding for a position in the company going forward. )