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There is also the issue of Warrants for open offer shares (1 for every 2 open offer share at 0.065p available until 2025), I guess that once the open offer shares are allocated we will get a second notification from the broker for these?
Lets not forget that back in August 2020 the price went from where we are now to just shy of 1p on a little news within 6 days. Think about where the company has progressed since then.
Now, let me just open the flood gates for the abuse... lol
In the previous RNS:
"· In June 2022, the Company will launch an Open Offer reserved to existing shareholders giving them the ability to participate on the same terms as Venus Capital as to the subscription price and associated warrants related to the mandatory tranches. Any Ordinary Shares not taken up by existing shareholders through the Open Offer will be subscribed by Venus Capital in July 2022, as part of its binding commitment to provide up to £7.5m."
has anyone seen this? Is it related? I cant find anything to do with a UK company.
https://find-and-update.company-information.service.gov.uk/company/13153080
There must be a re rate happening some time soon, TF independent valuation alone was £31m "TradeFlow has been valued at approximately £31m by an independent valuation company." our current Mcap is £33m.
Food for thought people...
I am in a very similar position, but don't have £13k in other stocks to play with lol.
If it were me I would probably rather than dumping the whole £13k and loading up with SYME maybe just £3k and that will more than double your holdings here and average down even more to around 0.2p roughly. (As i'm guessing you mean your average is 0.38p not 0.0038p as that would be impossible :-))
Thanks @GingerHippo and @Theanalyzer. Some great points.
Ok, my turn, its only fair as I started the post. I have been a holder since around 0.5. I got in around all the hype when the price rocketed up. Did my research at the time thinking things would move along a lot quicker than they have. Expected us to be well over 1p by now with the company fully tested IM early this year. I have watched the SP erode away ever since, I did think at one point ,through suspension, that it was gone and was actually pleasantly surprised at the price we came out of suspension.
I have been waiting for a while now to buy some more to bring down my average. I did think late last week was the time, however I agree with @Napalm012 that the company will need to do another placing to raise more money and I am now going to wait until this does or doesn’t happen to buy more as I still believe that the company has a great opportunity here developing a whole new asset class.
I also agree with @Theanalyzer and @GingerHippo there could be some massive up turn here once the first IM is done and dusted although the latest RNS suggests this could be more than a year away.
Obviously I am disappointed at the position we are in now but remain hopeful that things can turn around and once they do I think it will shoot up again.
dont worry Parm, Lseking, I have done my own research. Just wanted to to see if anyone could provide any ideas. Obviously no one has any valid input and cannot add anything of value other than DYOR? To be honest I am thinking this "discussion" board is next to useless.
I though it might be interesting to get peoples opinions on what could happen to the SP and why.
I don't want any discussion just individuals opinions.
I already have my own opinions and have been holding this stock for a while just wondered if anyone else would like to put their opinions across without any petty bickering?