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The settlement could be an all share settlement, Effectively giving ownership of CPX to Tesla.
that well trodden path by many a US company of stealing IP / killing a company it’s owners in litigation / and then taking ownership for peanuts.
Ala Thomas Edison v. Nikola Tesla - but this time Tesla won.
A raise is the only way out, I expect raising capital will be hard until this matter is resolved, by then too late maybe ?
Potential quick +10-20% trade?
hope for a £300-500k raise / debt facility which sees them through another 3 months while sorting something longer term?
seller out bounce?
up to two weeks of fun and gambling?
averaging down to attempt recouping old money?
with dreams of a 2022 takeover?
who knows, im here in the hope of a quick small gamble on a -80% stock and aware that its a red or black win/lose coinflip.
if it somehow survives then longer term it need to raise a couple mil to rebalance the books, then expect smaller yearly raises, if it doesn survive it would be a nice company to buy from admin for someone.
No one pays 50% over when stock is available in the open market for a few days, id say wrong date / time stamp again, but if they did good luck to them.
if its Steve and a sale it would have left him with 25m and the "1 share trade" potentially indicates a TR1 with him
Thanks Laura, that’s interesting.
was looking as it’s -80% today but that makes me tempted to have a small dabble, worse case the dog stocks normally double before delisting and going to aim heaven, I’ll take a small gamble .
I see it’s worth as £500k, so I would like to be buying in 0.03s, to sell at 0.048-0.055+, which would require buyers at 0.060 who would be aiming to sell at 0.08/9s which is possible, but outside my more conservative targets
Simple trades, no dreams of £30m RTOs and months of suspensions with untold dilutions. In when it’s cheap, put when it’s not.
Waiting for TR1 updates from the company, volume drying up and I still keep in mind the 500m of shares with non declared ownership, could go either way + /- .
Great trade for Steve if he sold 👏
For now - I’m not paying double or more what the participants of the debt capitalisation paid, I’d like the odds to be more in my favour.
14ish mil shares in nice round chunks 100k or more since 7/3/24, finger in the air guess at ~4-5m of his shares and others that may have bailed need to find a short term loving home in the market, then recovery. ie £60-80k worth of volume at current.
not much volume here normally, croppers accumulation took up alot of the volume in the past too, so could take a while if volume slows down to the more regular levels, (it shouldnt its half price, so volume should be double plus the historical average)
news might be a required catalyst
Why on earth would the bank of ireland give a t about it staying listed to renew the facility?
surely retaining the listing and attempting to raise even more capital from the markets would be in the bank of irelands interests with regards to LOOP having the ability to repay the facility.
Unless, its a Smash and grab buy out.....
"Finalisation of a new facility remains subject to definitive legal documentation as well as the completion of the Cancellation, Re-registration and the proposed fundraising. There is no guarantee that the revised facility with Bank of Ireland will be concluded on the terms indicated, or at all."
You cant always go by time stamps, could have been an order getting filled at any time and broker put through after.
Either way, cleared and was 6% of the company in a single trade.
just think that was the entire issue a week or so ago in a single trade.
I see the normal chatter of funding on the other BB - (like people expect miracles from a microcap) - but would be very odd especially after the large director buying in Jan at 3.75p