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JonnyV, just hold back a little mate. I think we all understand you need this to go up, but by messaging every 10 seconds is not going to make a difference in the price....
Gladly put messages here with content but just constantly putting out 1 sentence messages is a bit to much...
Hi Bigcheesy.
I answer to your question - it might do. But I initially though that FES were buying the brokers shares, shares that were also issued at 0.1. So I didn't think that the broker would be selling their shares at a loss. They might be, or it might just be PI's selling as you mentioned. This would allow FES to get in even cheaper and then allow a take over at even a cheaper price.....I guess only time will tell....
Just my opinion but I do not think they will delist. There is no value in the company at present so they will not gain anything out of delisting. This it turning out to be a lifestyle company and lifestyle companies need to keep themselves listed as they pay themselves out of raising funds all the time.
The company wont last if they delist.......
I've got 2 different hypothesis here (total speculation):
1: This suspension was a ploy to drop the price so that FES can buy in even cheaper..
2: Current Directors aren't happy with the new investor (if they are looking at taking over) and they're trying to scare them off.
All speculation, and as have been shown so many time especially with this share I'm probably totally off and they delist tomorrow :)
Just when I started feeling a bit exited about the share again this happens. I just don't know what to make of it as clearly if you raise fund with your broker and new investor, surely you give them some assurances that everything is in order. It might just be a couple of weeks in time but the long-term negative effect it will have is major. We have lost 30% just today, which means the new investors are now immediately 30% down on their investment.
I just don't know what to make of this. It's really unprofessional especially when the accounts shouldn't take any decent accountant longer than 30min to do.....I'm now more than 50% down, thinking at the time that surely it cant go any lower...how wrong I was. I will be emailing them but haven't had any replies on my last 2 email so think they are a bit upset with my recent emails so not holding my breath.
Value would be purely speculation as well, and all depending on what the opportunity is. That is why I was interested to know if Paul Forrester still had any licences etc. that he owned that wasn't already in someway or capacity owned by a listed company.
If there is and he want to bring that into Traf we could very quickly be looking at a £4m plus valuation. He will then be able to use that to raise money for any exploration required. It must be stated that a lot of dilution would probably happen so don't just expect you money to *10 overnight....
And again I must state this is pure speculation: There is no evidence to anything I'm typing other than the purchase of shares at present.
I'm only speculating here:
But I don't believe that FES invested in Traf for their current business. The property business hasn't ever made any money. I invested in the believe that something will come of the hydroponics but a year in and we haven't had anything.
I think FES went to their broker and said we need a vehicle already on the market to run some kind of oil/gas/mining business through. Broker said mmmnnn we know of a company with a small market value that you could use. So we will take 50m shares, you take 75m and then together we will own over 30%...then FES can buy the other 50m of the broker and start the strategy of taking over the company. Possibly an RTO.
Only speculation but I can't see how FES will all of a sudden be interested in either property development or hydroponics...this is going to be transformed into a mining sector company over time...