Member Info for Kabaa

It looks like they are one of the richest Indian families in the UK.
I wonder what interested them to take 12% in little KAV!

Rare tweet from Gervaisse Heddle, ex ceo of Greetland gold, tipping ONDO.

https://twitter.com/gervaiseheddle/status/1589957500639776771?cxt=HHwWhsDQmYj71JAsAAAA

AVO have just announced completion of their 230Mev proton therapy machine for cancer treatment.
Quite an impressive machine for a £125m company.

It Is concerning the money has not been received yet. Many companies will be going bust in this market and the shareholders who haven't received even their initial payment for shares could be at risk of never getting it if algorand goes bankrupt.
It's getting on for 4 months now with no honest explanation as to where the funds are.

Odey Asset Management have been building a 7.8% stake in AVO too, announced today.
Looks like they are shopping for oversold stocks with lots of upside. AVO make no money yet either but their tech could be worth 20x the share price.
There's generally bigger upside on stocks that are not necessarily making a profit yet but should do in years to come.

A mixture of worrying about an imminent raise but more importantly....

What has this company actually achieved to increase shareholder value recently?

I'm not surprised people are selling and cautious to buy here. This has been quite a disappointment since the heights of 4p!

Many people have received 6.06 dollars for their shares around 6 weeks ago. Some brokers seem to be holding onto the money though!

We should also get some crypto tokens soon. There has been news in the last 24 hours and nalster have released a 'litepaper' for the tokens.

If you Google 'napster tokens' there's many articles about it.

If you're talking about someone with the initials TW, then I can't honestly think of any decent call or article they've ever made. It's utter nonsense and throwing dirt at companies.
There's a difference between a full time troll like that and someone who's made over a billion out of the markets (crispin)
Serious investors couldn't care less what people like tw write hence why odey has invested around £10m in AVO in the past 3-4 months, topping up £4.5m this morning...

Not sure why the hostility.
Odey makes a lot of money.
He made a lot of money here and picked the bottom well.
I'd bet he makes a lot of money on AVO too.

Crispin Odey (the most successful hedge fund in UK?) Who recently doubled his money on Polymetal has just invested another £4.5m in AVO.
100mn market cap company on aim who are building transformational tech to treat cancer patients far more successfully than traditional radiotherapy.
Just announced this morning.
Is he still invested in Polymetal?

It'll fall a bit on that update unfortunately.

I strongly suggest people making formal complaints to their brokers who are not paying the money. Demand a proper explanation of what is going on. Refuse to be fobbed off with nonsense. Ask for the situation to be looked over by the financial ombudsman.
It is outrageous in times of 11% inflation brokers hold onto clients money for an undisclosed amount of time. If more people do not stir things up, then they will drag this out a lot longer and take the pisf.

Perhaps it's also worth contacting napster.
It really is dreadful that they haven't paid some brokers 3 weeks after others.

I phone and email them around once a week.

Perhaps more people should be doing this and they will get the money quicker.

It really is unbelievable we have 10% inflation whilst they hold onto our money.

Is anyone still waiting for their money on this?
Unbelievable!

So we should get 6.06 dollars per share in cash and another 5.5 dollars per share in crypto and perhaps another 1 dollar a share in cash within 12 months.
So the whole deal would be valued at around 12.5 dollars per share.

Very helpful thanks for posting highland.

25mn dollars pro rate for 4.559m shares is another c.5.5 dollars per share coming to us in crypto.
+ another c.1dollar per share from escrow.

Is this right? If so, the best may still be to come!

Although didn't someone on here say the crypto value would be far smaller than this?

Strange you both have hl accounts where one has received money and one hasn't?

Is anyone still waiting to receive their cash from this?

I assume we all need to open a crypto wallet and somehow give this to our broker to receive the crypto within the next 12 months?

I expect what some brokers may try is to send the shares to shareholders in certificated form and let the individual shareholders deal with the crypto aspect directly with the company.

Has anyone received money from the deal yet?

I see 1 person here and one on advfn saying they have received cash but surely this is not the case?

I haven't even been notified anything by my broker yet.