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this is madness that anyone is claiming this share will make them 'very rich'. This has to be the 5th time in the past 18 months we've had a day like this, and every time it's followed with disappointments (machine delayed, machine going back home, BRH selling out etc.). Look at the size of this JV, they're initially putting £50k into it as a tiny little investment, and yet everyone thinks that justifies a £12m increase in the share price? Mark my words, back below a penny by Monday, and under 0.5p by Christmas.
This share was at 0.7 a year ago, since then we have just had false promise after false promise and constant disappointments, delays and failures. Nothing has come to fruition, the fact that revenues this year are less than £1m is absolutely diabolical. This is a dud, will drop further and ultimately I don't see it staying listed long term.
I can't put my finger on it, but where have i see a load of investors get super excited about a company promising the world in creating masks and the share price shooting up, but without any concrete promises and really just a few words in an RNS? All I'm saying is you've been here before, last time everyone got excited about RMS making masks, share price went from 1p to 5p then ended up at 0.6p.
Bonkers this brings back memories of G3E last year with citing COVID as a reason for delaying the accounts :’( that was a bit different though, turned out G3E was about to fail in court in a bid not to be forced into admin haha
How am I causing trouble? Market cap is £4m. Cash is £2m. Net assets are a third of the market cap per the statement from management. So net assets are around £1.3m. So the market cap is at a £2.7m premium to net assets. But there is no business it’s a cash shell. Hope this helps HH.
Why are you ramping like this is going to fly up? Net assets are a third of the company value. And the company has no business anymore. The company is worth £400k, but it’s valued at £1.2m. Think you’re over estimating the value of a cash shell.
Shorting here will probably actually lead to quick and decent results. This is a stock with one product, and the company has just lost half its revenue. Fixed costs all the same, revenue halved for the future and potentially a misstatement for Q4 that could drop revenues by 75%. This could be below 200 end of the month.
But the company doesn’t have any visibility over future sales? The main product is a COVID test that probably will be needed for 9 months maximum. We don’t have cold and flu tests on demand to do at home do we, this is a cash cow that has just stopped producing milk.
LargeGin - apparantely it's you who can't do the research... I'll provide a selection of MBBs tweets from the past week:
18.03.2021 - price was 28p -'Charts don't like, £8 a share last year, £80 a share in 2008. Nobody is selling this less than £5'
18.03.2021 - price was 31p - 'this still has 150%-250% rise left in the tank, America will be piling in when they wake up, this will be £1 in no time'
18.03.2021 - price was 31p - 'brakes come off at 38p, big re-rate!'
18.03.2021 - price was 32p - 'rumour of bet365 director to be announced tomorrow'
18.03.2021 - price was 32p - 'B90 only needs 50% early doors tomorrow to rerate to 50p, get in quick if you want a big gain early doors'
Anyone that followed the advice in the last tweet is now 50% down...
So don't go telling me that he has only been ramping since it fell to 17p, and that I need to do some research.
My ‘woeful’ lack of research told me the share was massively overpriced and allowed me to sell the vast majority of my holding at 31p with a very nice profit. The share price is already down 10% since MBB said ‘only one way this is going’ just 30 minutes ago...