Member Info for jimbobtechstock

What the actual Fk? Just think that threat through, because it reads to me like you're admitting to a whole new level of 5h1t

Thanks - is there anywhere online this is being discussed? Caught something on Twitter about the accounts revealing something - is there some consolidated info? Thanks

Which way?

And I emailed Brett on Friday and he responded quickly saying that if there had been any material change he would have issued an RNS and that therefore there is no material change and STGR expects the deal to complete within the advertised schedule (I wrote back to say the schedule was only advertised to ASX via BSM announcement, he didn't get back to me on that).

Turned up 8 months late? But TEA was still listed back then and they didn't inform the market of those shares did they??? My oh my...

Doesn't matter if it's the half way stage to the FYR or first quarter - the increase in trade account and other current liabilities to £3m more than the receivables seems to have been implemented in H2 last year. It's possibly delayed payment terms to suppliers to help cashflow? And if so, then as long as the arrangements are stable with suppliers and for recurring payments it should hold IMO but it's still a net debt, yes.

Erm, why would they go back to the market for equity financing when they have that debt option secured for another 12 months and it's only 50% in use at the moment? My quick look at the financials show use of that facility hovering around £3m for 18 months. So no change. As to whether they need another placing - they had nearly £1m in cash end of February. The loss is reduced to 173k if you believe the exceptional items, which do look like one-offs - including severance and redundancy of £462k which is not great for the guys getting the axe but progress towards stemming losses. They should be OK for at least another year on that basis, though this Brexit has probably bowlocksed up something somehow as it seems to have done nearly everywhere...

Now what was that you were saying about the 2 halves of Cantor working for different teams, Sahid??! Good move from BOD IMO as don't think we were getting anywhere. Also extending finance deal date and stating current usage levels very good move right now, stable ship in a stormy sea...

Bid is recovering in line with FTSE rally. It's actually IMO more to do with the pound looking like it's stabilised, will start to see some cashing in of currency swaps and that money flows back into stocks. No gurantee but with a share like STGR that is pretty much insulated from the major Brexit worries (bar being priced in GBP) it should recover. Well it might even gain because it's automatically 7% cheaper on the international market due to currency devaluing...

I think the MM have taken 7-8% off nearly all AIM across the board as a broad brush. So yes I'm 99% confident the 1.40p are buys.

Reasons not to panic on STGR: 1.) The Bass deal is in AUD. So we just made 10% on tranche 1 based purely on the pound weakness. 2.) We don't much if any GBP reserves. 3.) We sell in USD.

How many people here have actually read the Global Witness report? I invested a bit here recently on the assumption that all this bribery noise is indeed rather weak and will probably wash over. But I sold out when I read the GW report - and yes I know it could well be a hatchet job but they used a much sharper blade than I first though because the bribery might be the smokescreen for the substance of the report, which seems to centre around how they acquired their assets and the value paid. It's hard to know who to trust and what to believe but this level of risk isn't for me right now.

Just heard from a friend who still works in the city, says he's been working at home all week and given the day off yesterday and today. Says they have just been adjusting models and trgets based on fx and bookies odds of Brexit but very little trading.

FWIW still 1.57p on live ask right now, no drift so possibly pegged out a position

1.57p to buy at the moment. Might well drift back to get your 1.55 limit but whilst 5 remain on bid - even though L2 is largely for show on SEAQ - it is possible that they won't set the ask to drift back as they usually do. Ie I believe they are waiting for news now, but that is just my read of this latest bit of positioning here.

Well it makes all buys look like sells so there's one reason why they might spread it out like this. It also gives them some headroom for a shake. With having a new MM joining the book it's technically harder to shake it lower so jumping on and off Ask gives them around 16% to shake the headline midprice and maybe cause some to panic or stops to trigger (including rising buys - they MM might actually be wanting to trying an dump a big order, always a possibility). But I remain convinced we're going to hear more about the Bass deal and the future plans for Stratmin so another reason they might swap to Bid might simply be the automated trading platform the MM use will now be ready to react to movement on L2 by other MM in a different way on bid than it would on ask. Just some thoughts really - no definitive answer but I've seen them spread out ahead of key news on other shares

Beer: cash and near cash is not illuquid Izal in a private subsidiary whose value is chosen purely by the quirk of how much the last entrant paid for their Izal. The statement before suspension IMO was unambiguous and didn't (shouldn't?) include the value of the unlisted subsidiary. Cash and near cash or whatever he said. C&CE is the accountancy term for liquid assets. The trap here, possibly (because I don't want to have to go back to the High Court to defend a post !!!) might be that the new BoD turn Drummond down, fail to realise any cash for shareholders, and then Drummond says "Hey if you'd have taken me up on my offer then we would have a million from the sale of the App". Problem is the App has lost momentum, the market has moved on so we have lost our advantage somewhat, and who knows what the original developers are doing now and whether we can rope them back and tie them down with service contracts to rebuild business around the app to sell on. This is a huge fecking bear trap - the question really must remain how much will investors get back (assuming Teathers App can't be flogged) and if that is not the equivalent of around a million divided between shareholders then why were being lead to believe there was cash (not balance sheet bs) coming into suspension? Another question might be the pitiful performance of Lenifart and the ilk

It was still 1.485p v 1.385p about 5 minutes before close (before the last trade of the day). Also weird was Cantor jumping back on Ask at 1.75p for about 30 seconds around 4:15 ish, then jumping back on to bid to close where we are now with all 5 MM on bid. Mark my words - the belly of the beast is rumbling! News soon IMO

If that is true then any pro journalist would surely ask why, with a million in liquid assets and no need to maintain the illusion of an AIM investing company, then why are they trying to raise another million in cash?

Is a buy price. Buys showing as sells - just another tool in the MM armoury. 1.385p is current sell price so actually quite tight