Member Info for joojoo66

Doubt it, upto about 3.5 by Friday, back down to 1.3 by Wednesday next week.

This is not an aim share

More life in Rishi's political diary!!!

Just goes to show what a sos this share is, jumps 12% in one day, and no-one cares, only 10 comments, including this.

One step forward, two steps back.

About 52p would see me with a tiny profit.

This has got to get to just over £1, for me to break even.....................

I haven't been paying attention to the shower of sith recently, got fed up watching it drop like a stone. Is there a consolidation coming up? If so what is the ratio. Many thanks.

@tardis, logged onto smart investor (barclays) my RMM shares are still in my portfolio. (Sunday 13th)

I'm assuming most of us on here have been invested in this since before suspension, some are newcomers, and in general we have been in a losing situation, I think I was roughly 80% down on my investment at the lowest point, discounting the fact I may have been lost the lot, if the rto wasn't in the pipeline. We have weathered the storm, this has the potential to come really, really good. Don't sell out now for a few quid that you thought you'd never see. Just hold tight. I've been rubbing gnesh on the belly (google gnesh, belly rub) and he's seen me good. I'll keep rubbing.

gla.

Thanks all for confirmation of my advanced mathematics.

As I seem to remember I found icon about a month before suspension and bought in around .0016, it moved up within 24 hours and I made about £200, mug punter that I am, I thought this is alright, if I can keep this up I'll make about £500 per day, I'll knock the porn industry on the head, and play with icon for a few years. Then lo and behold I got played by icon. Unfortunately I never saw that coming, to coin a phrase quite often used in my chosen profession.

Yes 'rto'.

See if I've got this right.

consolidation means you have less shares in a company, but the market price is adjusted higher so the value stays roughly the same.

At the mom I've got only 4 million shares, value approx £220, call it £200.

If they were to consolidate now at 10,000 for 1 new share that means that means I then have 400 single shares.

400 shares @£200 total value = 50p a share.

Am I right????

Well after approx 2.5 years my iconic shares are finally in a plus position. Woo hoo. Only 12 quid, mind you. But a plus is a plus.

As I type, up 30% on Google.

Also a share that's worth 40p on paper, looks a lot more attractive to investors, than one that is worth fractions of a penny. (I've given up trying to work out how many fractions of a penny this is now)

This share was and always will be a bit of a laugh for me, to own a few million shares at the cost of approx £150, was just me having a giggle, stick in the bottom drawer & see what happens. Unfortunately the bottom fell out of the drawer, and up until now all that's left is the paper lining. But fingers crossed 🤞there may still be a bit of profit in this yet. The bahamas is gonna have to wait till, erm, whenever.

gla.

Theres a few reasons, one being, if you have company that's worth 1p per share, and you need some money fast, you can offer shares to the market at 0.8p, and they will prob be bought, by existing share holders and newbies, existing holders will be pi55ed off, cos the price will have dropped, but if you need more money later and its still around 0.8 you haven't got much room for maneuver where as if you consolidate and the price jumps to say 40p with less shares in the market, you can issue more shares once again at a lower price to attract investment, say 36p, once again pi55ing off existing holders, but there's more money in your slush fund, and hopefully you will invest in the company wisely and the share holders will be happy, (also if you need even more money at a later date you can offer at 34p, and so on and so on). This is one thing that didn't happen, amongst others,with RMM, the priced kept dropping and investors bailed out, bad management decisions in Canada, blah blah blah. Same ol' same ol.

I could be wrong on some of the fundamentals, others on here could make the case better than me, but I think you'll see what I mean.

Fell like a stone over the next 18 months or so. It is now suspended, possibly gonna fold, but there are rumours of a buyer for the mine. The mines in Canada, there are a few interested parties, one in China I believe. The mine produces mainly copper, with a bit of gold. RMM.

I had a consolidation a couple of years ago with Rambler Mining, it took about 24 hours for Barclays to catch up and change the amount of shares in my portfolio, it showed I was about £50,000 in profit, I must have hit the 'sell' button about 100 times that day, hoping for a glitch in the matrix. Alas not to be.

🙄