Member Info for knee

1st August was the release of the Annual Report and also when JW started attacking the company. There are allegedly various confederates that work with JW in shorting stocks. Whether or not such alleged activity amounts to market manipulation is a matter of interpretation and enforcement.

If the bond issue is sorted it will stop the uncertainty and the company should move forward at long last.

I was trying to get a better feel for the Company. If you can't help then a polite message to that effect would suffice.

How much cash do you think they have at present?

SP likely to be squeezed higher with good news and a few determined buyers.

it seems likely to see the SP drift south.

strange market at present.

Would issuing equity be better than a loan? Why not take advantage of the higher SP?

That would seem to be a sensible policy. I am not sure how far forward you can sell future production, a couple of years?

When the price of gold goes down it will be an excuse to mark the SP down.

The BOD raised £2 mill with a price of 7p. Some people seem to focus on why no TR1 has been disclosed rather than the fact that the BOD could now buy back shares at less than half price. No doubt the same people would complain that it was not in shareholders interests to buy back shares and the money would be better spent on the roll out.

Maybe the market do not believe that the BOD can deliver on their strategy. I assume there will be another fund raise to keep the lights on.........

The directors would have to RNS any shares sells or purchases. i do not recall seeing any of these.

Kingralph82
There are 18.8mill warrants expiring today at 9p. They are most unlikely to be exercised. they are however not going to cause a flood of shares to come onto the market. I do not see why you thought this warrant expiration was a bad thin. If anything it reduces the warrants outstanding total which is surely a good thing?

Kingralph82
What is the strike price on these 19 million warrants please?

I think there is an issue that Management is dealing with, or trying to, before informing shareholders. it doesn't feel right relative to the way they normally keep the market informed.

It seems to me that certain posters here clearly do not understand financial statements and what the results of young tech companies look like. All the stupid talk of a potential fund raise in December or January is based on zero facts. The auditors have agreed that there is no going concern qualification required which shows that in their professional opinion, armed with actual information on the finances of the company, there is enough cash in the company for at least 12 months.

If cash loss for 15 month period was £1.1 mill then a £2.1 mill equity raise should last 18 months or so I guess.

Cash loss!!! It has large amounts of non cash elements to it. Goodwill write off, valuation of warrants/options( IFRS nonsense), and write off of capitalised costs. There are also IPO costs which are one off. the normalised loss is £1.1mill, up from £0.9mill. If you consider the change of strategic direction the loss is understandable.

I also have been following for 6 months or so. It seems that they is no quick fix on the falling SP. The market sentiment seems poor and small sellers continue to depress the price. Which is more likely SP to be hit 4 or 10?