Member Info for JPP8788

I'm doing what most savvy investors do... Research and due diligence.

Is that wrong?

Nope, not bought or sold.

But the only upside here is if the BOD release an RNS confirming dividend payments will continue.. and/or reverse the delisting decision.

Both things seem unlikely at this stage

Might as well burn your pound notes.

It won't just be your supper well done if you're buying shares here.... You'll be toast too.

Magmanus, why do you constantly ignore what people are telling you - the vote to delist will go ahead as the director is a majority shareholder.

Is there not a suggestion that the 80% shareholder has sold some of his holding?

Not sure how you can otherwise justify a drop of this nature unless the MMs are fishing for stops.

If the majority shareholder retains his 80% I can't see the SP being here for long IF we have clarity on future dividends being paid

Are you stupid?

Looks like Sky News broke the news of multiple offers half an hour before the company was forced to RNS it

Not great in terms of transparency

Have we any idea if the company will continue to pay dividends to holders? Or does an AIM cancellation remove that responsibility?

If Aggarwal holds 80% shares in a company that was valued at £1bn in June last year - he was sat on a £800m pot.

Why now does he think it sensible to delist and drop the SP to 33p and lose £750m of value to himself personally?

Got me stumped, this one.

Genuine question from a potential re-investor here.. buy price currently 1.58 which is tempting..

Being a non cash generative business currently... Do we know what QBTs most recently announced cash balance was? Was sort of cash burn do they have?

The board thought it prudent to obtain funding? No s**t, you had £8k at the end of March.

Horrendous company this.

Depends what you are assuming LO's end goal is - looks like they're getting rid of 3/4% of the company each day, so you'd assume a Monday or /Tuesday if they're looking to clear the lot.

Given the current volume today (which isn't huge), the rise to the 40's and 50's may come next week if and when the herd arrive

I'm not sure you understand who LO is if you're referring to them as "he"

Some absolute clowns on these forums lately.

Nearly a 1m mcap at these levels.

Buy.

Way too cheap down here.

Yes looks like a strong start to the day - first 5 trades were all buys with the SP moving on very little volume.

Still not much liquidity at these levels, but another big volume day coming.

Delayed trade of a million shares bought at 1.34p

Bodes well.

Agreed - at start of play the placing was for 1.5m at 1p - from a £6m mcap.

So yes, a massive discount, but actually only a dilution of 25% or so?

If they had raised £10m at 1p then yes - I get it .... But a drop to 1.2p from 3.5p is a total overreaction - especially when you consider the director has put cash from his own pocket into the placing.

True value here is 2.0 - 2.5p given the above.

Only off tiny late reported trades... A few 1.50's popped up throughout the day but I wouldn't pay much attention.

True spread at close was 1.34 / 1.22

A 10% spread is something the MMs will need to work out tomorrow to create some liquidity

Based on a 1.50 close, will almost certainly open up "10% down"

A £2m mcap at this levels is far, far too little. Growing company with regular contracts, now with a significant cash runway.

I suspect 100% gain from these levels isn't at all impossible.