Member Info for katstrangler

Had no problems with X-O but now they've transferred all their clients to ii and still have a few days before it all goes active...

bit annoyed that BoD still haven't commented on what the issue is from their end and what resolution they have planned.

...and there's the rub, Billy. There's always a reason... but we're never given the reason and have to try and work it out for ourselves. fine if this investment is just a plaything but most invested here want to see the sp rise as reward for funding the company. outside of spikes and miserable troughs (which both only benefit traders only) don't see anyone particularly benefiting.

maybe this time...

It 'allows' optimists to see everything as blue skies and the... 'more concerned' as confusion. i don't see six monthly updates on a company that has several assets all in development as being sufficient.

their placings are the only real benchmark i can see as evidence of both financial probity and technical progress... but it also would suggest revenue accumulation (or lack of).

everyone wants to see, not just progress but financial positivity as evidence that the markets like the progress.

they conduct themselves like a private company that happens to be funded almost fully by retailers and, while there might well be a future success story here, atm, it feels like retailers are being used for the progress with no obvious benefit, unless we stick with the company until... whenever.

this is all great for new investors but anyone who's been in this for six months or more must feel very aggrieved and we don't have a BoD that seems to believe they owe us information along the way... one wonders why?

Leew, they don't talk about cash balance or cash reserves... so apologies if me using those terms interchangeably give you the impression my comments are invalid.

what they said was 'cash resources'... the rampers then suggested that their banked £millions in profit plus available cash would fund the Treasury. but as the company choose the words AND choose their conduct (1 bitcoin!) it's fairly easy to draw a conclusion... doesn't really matter what your OR my opinion is... what matters is at what price they raise and further dilute the shares and out own stake in the company.

Leew, i would point out that we've had several raises for acquisitions that didn't happen or happened within days prior to an acquisition or business statement that suggested progress and then those fundings have just been absorbed. It happened with Easysend AND with Bonfirepay.

We have had several supposedly good moves, like Metapay, that bring licences in for foreign climes and we wait to see if they have opened up territories that will be reflected in bigger revenue.

We have had a couple of people move to GST to look after Angra but still not seen anything specific about how they've progressed. Folk here have found adverts for sales teams but we never get updates on sales growth.

COAL has been in the company for... 4 years? and still hasn't added to the mcap in any significant way.

If only we had some actual proof of progress outside of the generic 'as expected' that now infects their updates.

atm, i don't see any progress from the 2p BoD invested in years ago... in fact, it's, again, at almost half price. i wondered whether they would have participated in the placing but, if it's a closed period, are they allowed to? what's the inference? couldn't they have held off until the update and then placed much higher and participated too?

you can't counter those points... wouldn't expect you to... BoD could but wouldn't dream of it!

Leew, you got it utterly wrong as to what i asked for:

i expected BTC purchases WITH the treasury rns... and i expected it to be from their stated cash reserves. i also said i doubted they would buy with their own cash as it would expose their lack of same... they bought 1btc and dared o tweet it last night... then followed it up with a placing to fund BTC purchases. And, on top of that, at a 37% discount to the last 1.9p placing which itself was a significant discount to the pumped 2.6p peak.

that money, potentially, was the cash reserves they had, except they also used it to integrate CAKE and BAKE with GSMoney. So far, all we've seen from that integration is a one-liner and rocket emoji. At least last night's BTC tweet had no rockets!

There's news and then there's absence of news or reading between the lines. y'day they spent $110k on btc... why??? what did it actually say about the company? to me, it said there's no cash in the bank... you would rather read it as 'at least they now have cash in the bank'... but it is both disingenuous to talk about a Treasury from 'cash reserves' and then have to place to find the cash reserves... plus, as i showed earlier, £2mill doesn't touch the sides if Treasury is a balance for the company. so, will they place again? We all now have to wait to see what the results say... and they are either raking it in (so why place?) or they... ain't so when's the next placing?

i don't blame them for hiding as they'd be in for a hard time if they were more visible. all retailers have an absolute right to be angry with a company that doesn't even pay lis service to keeping their investors informed and being accurate with their statements!

He actually posted it could go as low at 1.2... just making sure folk get Saint's full report...

Not bitter and twisted, other than believing that the BoD know what they're doing. the thing about ramping is enough of them will be convincing... it's why they ramp and it's why 'trolling' (or being a counter for reasonable discussion) is frowned upon, because everyone wants to believe they haven't made an error in putting their hard earned into a belief that, atm, is entirely unfouncded!

if there were reasonable discussions instead of 'you're rubbish, no, YOU'RE rubbish.. and bitter' then maybe there wouldn't be so many here in the red?

i've been cynical enough not to have bought into every ramp here... just feel a bit angry on behalf of the silent majority here who've bought on those ramps when they could have bought much lower, to enjoy an eventual profit.

"no-one wants to be out of this right now."

why doesn't your tongue turn green and fall out with these nonsense lines... what you mean is 'no-one wants to be in this but can't afford to sell having bought at twice the current sp'. 😊

Bfd, they supposedly had £2million in cash (plus the 'coining it in' that the rampers would have us believe) yet only spaffed £110k on a bit coin.

said it before, if they wanted to do a better hoodwink, they'd have bought 20 with the first rns, then done this rns to recover the cash... we'd now be talking from 2.2 and not 1.2...

and think how long they've spent talking about their own stablecoin while the 'unstable' one has gone from $20k to $110. and you all think they're canny businessmen!?!?!

"a casing point"????

😊

Then they could double the wrap to 'support retailers' and then surprised every one with whatever the next news is going to be: up OR down...

'fastidious'... 🤣

Not a ramp as i don't hold... just saying that there are some companies who look like they're absolutely on top of things... and then there are some who keep themselves to themselves and their motivations, beyond a general trying to make a business work, look like they're working in a lower league.

Not this piddling pocket money replacement for their supposed 'coining it in' cash reserves.

little fish in a little pond!

The value of any BTC stays with the holder! the tiny 'uniqueness' of getting a couple % extra isn't going to move the sp in a rockets emoji style.

in fact, i'm still waiting for the benefits of the integration!

Otherwise be better off buying in the market.

just hope the ramping from those in the hole makes a difference and can persuade readers that this still has 3.5p earmarked post results...

They would surely be better off spending time trying to work out how to create interest in that crypto as they hold 100million of them?

Amazing that all the conversation is now about the fundraise and BTC and the rest of the company is now brushed under the carpet...

only hope that the results prove that the assets will be as important as the Treasury as far as growing the ocmpany.

(still, a bit shiiiii that a crypto company with its own platform had to wait for the rest of the world to get a jump on them... does rather make it look like they don't really have that strong a hold on the cutting edge of it all... probably why they never poke their head above the parapets as far as talking about the industry or publishing opinion pieces... very 'workmanlike')

If they'd use their reserves to buy btc when they rns'd the treasure they could still have done this raise, but at least it wouldn't have been seen as a 'we only have cash for 1btc so here's the begging bowl again.'

if they said 'we have HNWIs who have taken up £10million to buy btc' we'd all be jumping for joy.

max £2mill is, as quoted in Billy Liar, 'neither micklin' nor mucklin'.

in isolation it might look good but when you see a dozen companies out there raising much, much more for their own treasury plans and, considering they have supposedly multiple burgeoining crypto platforms, £2mill is very small beer and they've raised bigger just for working capital...