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Technically both are correct The ramping crew clearly don’t understand dilution and the detriment it has to current holdings. They only focus on a few points that are partially correct and slightly twisted.The de-ramps are also correct knowing that when the dilution comes it will take literally billions of revenue to get the share price back to the levels everyone bought in at. This is now punt money at best. Probability of running out of cash is high , and if they doGet cash everyone will be diluted, and the SPWon’t move an inch on any news !Literally a no win situation - twisted truth vs diluted holding waiting for billions of revenue…
Blimey you guys - you have billions of shares to land and your celebrating ,
How can you , the sp will be stagnant now for a very long time ….
If it was that serious -a figure would be put on it !
Fomo ???? Why would you buy anything now knowing your going to be diluted by billions of shares in a weeks time.
? 0 figures
And a bucket load of shares to hit at the end on the month.
Put it this way , if you add 40% more shares , this rise today will equate to 4% up at best .
Massive re rate ???? Your about to get diluted by billions of shares if it get approved .. the sp won’t be going ANYWHERE
And still on a steady decline , 225m? No deals - no cash - got through 2CLN companies , and going to a agm to vote for some more to be issued.
Nice!
i think the going concern buried on page 79 is the main concentration .. the rest is waffle. this is the moment you fall off the chair.
As such the Directors have prudently identified uncertainty in the cash flow model. This uncertainty arises with respect to both the future timing and growth rates of the forecast cashflows arising from the Group's multiple revenue streams referred to above. In this regard, if these future revenues are not secured as the Directors envisage, it is possible that the Group will have a shortfall in cash and require additional funding during the forecast period.
Share Consolidation
Resolution 13 authorises the Company to consolidate all the Ordinary Shares on a one for ten basis (the Consolidation). The Consolidation was proposed as the directors consider it in the best interest of the shareholders and the Company’s development to have a more manageable number of issued ordinary shares. In addition, the Directors believe the Consolidation will:
• increase the Company share price proportionately and in doing so help improve the market liquidity of, and trading activity in, the Company's shares;
• provide the basis for a narrowing in the market bid and ask share price spread in the Company’s shares; and
• overall, further enhance the perception of the Company and its prospects and help improve the marketability of the Company’s shares to a wider group of potential investors.
The timetable of the Consolidation is as follows:
• Upon implementation of the Consolidation, shareholders on the register of members of the Company on 6:00 p.m. (BST) on 16 May (the Consolidation Record Date), will exchange every 10 Existing Ordinary Shares that they hold for one Consolidated Ordinary Share.
• It is expected that the Consolidated Ordinary Shares arising as a result of the Consolidation from Existing Ordinary Shares held in uncertificated form will be credited to CREST accounts at 8:00 a.m. (BST) on 17 May 2022.
Incorrect they are converting CLN notes
They are exchanging discounted shares they receive in exchange for cash.
They are NOT investing if they are CONVERTING .
Start up ? They have been running for years
The only reason you are saying start up is because in the 2 years they haven’t been able to do a single deal !
If this drags on another year are they still “ just getting started”
Do you think this will ever stop ?
There are the block trades -
Just watching a place in the sun . Far more interesting than the happy clapper echo chamber
Directors bail
Dilution
Placing
Clns after clns
Incorrect figures in assets class 200k Not 200m
Need we go on more ?
Has it occurred to you that the 30m buys are mecartor buying back they fwd sold shares so they can be paid out in cash by Venus ??
Venus profit because they are converting now at 0.09 instead of 0.05….
Anyways all speculation , until That conversion notice hits the rns box.
9m income
4.5m to go to macartor
2m trade payables
450k to Venus
2.5m cash ish left after everyone paid off
Sounds great right.
Fixed price stuff - dumped the lot Then Venus will move onto the 0.05 - and a few weeks that will finish too ..Everyone will be upset. Everyone at Venus happy :)
Why are you cross promoting?
Yeah it’s currently a. Little less than anticipated
.25 for the warrants and .5 for the shares int he placing.
So I guess they want it up, news will be coming out soon I suspect to keep the share boyant.