Member Info for JohnHenry

For existing holders extremely negative.

UserSteve completely incorrect they are simply reorganising the nominal value of the shares so they can raise funds from pretty much zero.

The number of shares in issue will remain the same.

Imho they will be raising funds around 0.3p

To those on here that don’t understand the CLN. Helium already have the £10 M

The CLN providers do not hold shares in the company. They Forward sell until they have reached their target and then replace the forward sold shares with the converted stock.

Absolutely win win for them.

When the CLN was announced the smart money got out.

7,000,000,000 shares now in issue.

What price the next conversion.

Broomtree FO if your subtle deramping.

Production this year is one hell of an achievement.

And with a MKT CAP of £45 M Production isnt even remotely close to being priced in

Problem being Blubay existing holders face huge dilution due to the CLN.

Why an earth did the Company went down the CLN route ? Crazy. The BOD have zero holders so they are unaffected by the dilution.

Karl they are forward selling driving the VWAP price lower and then converting @ 92.5% of the VWAP price.

Understand while its called Death Spiral Financing

Karl the CLN providers convert @ 92.5% of the VWAP its a No brainer for the Institutions. They can only profit from the conversion process.

Ahead of the next Conversion.

Worth noting the MM/Broker thats on the Offer selling stock. Yes its Marex and guess what they are forward selling for the CLN Providers.

No coincidence that Marex are permanently on the Offer.

O and wasn't it Marex that brokered the deal.

CLN providers forward selling to retail.

Yep i swing trade HEX along with a high 6 figure investment.

i did alert Peeps about the CLN but the happy clappers ignored, now your seeing what i said play out.

Theres no manipulation at all , this is all part of the CLN process. The BOD would have known this, Sarah Copes earnt a few quid from this deal.

CLN provider simply forward selling for the next conversion. Perfectly legal.

Now you can see why its called Death Spiral financing, each conversion price will get lower and lower.

Imho there will be 10 Billion shares in issue by the end of the conversion.

A lot of Doughnuts appear appear happy with the 0.5p conversion price. Shows commitment from the CLN provider.

Note The CLN provider wont own the shares they already passed them on to retail.

CLN providers are not in the game of holding stock.

And TBH the BOD dont give a 4X about the price as they own SFA

I wonder if the same happy clappers would have been happy if they had done a placing at 0.5p when the SP was 1p.

Sarah Cope has screwed Retail.

Well OG you certainly don’t understand CLNs. It’s hardly a vote of confidence the CLN providers make a profit 100% guaranteed. They forward sell (short) then cover with the conversion.

Easy money for them.

I’ve heard many a CEO wish they had never entertained.

Well £1M down £9M to go.

0.5p what price the next conversion.

166M shares have already been forward sold at higher levels. That’s how the providers make their dosh

Things is when will the next conversion start.

Death Spiral Finance BOD need sacking for arranging this financing. Massively dilutive for existing holders

Useful note, never buy within the first hr of news. Let the market flush, Professionals will let the price settle before deciding on direction.

Getting flushed and spanked.

As expected Mark down at open on Q2 numbers.