Member Info for Kwota

Nice 11m buy popped up....

I have contacted the company today and asked them if they could update the shareholders list on the website. I used to get replies but I think I upset them end of last year so not sure if they will reply....

I see our latest property is on the market....

https://search.savills.com/property-detail/gbtwrstus230461

Should rerate to 0.1 at some point as that’s where the previous funds were raised at and our new investor invested at….

Own up, who’s buying all the cheap shares today? Please leave some….

I would say debt free, yes. But not sure about completely revamped. I think this is why it’s so cheap. It is a property development company that doesn’t really develop. It invested in Hydroponics a few years back and nothing has come of it. I would however say that certain interesting parties invested heavily in the company who’s got major interest in the oil and energy sectors….and that is my reason for taking a stake early. Any news of going into that sector and this will go ballistic.

But please do your own research and buy on your own accord otherwise I will be told soon I left people holding the baby (quoting petroinvestor)

I personally hope it stays low until the end of the month. Only able to buy more then :).

Davey before the dilution I was at one point over 8%. Informed the company but as I’m holding my shares with Interactive Investor it’s stated under their name on Trafs website. Been buying so probably now around the 5% mark again…..

Tried to explain it below. In effect the debt was converted into shares. The shares were then put back on the market immediately at the reduced price (0.044p). Those shares raised a £100k in cash of which £50k was paid to one director and £10k to another. How that works I have no idea. Not sure if the guy (who's name escapes me now) owed some money to the directors or there was some deal but in effect we have gone from owing him £900k to not owing him anything for effectively £100k worth of dilution.

Happy for anyone to correct me and that if they think better.....

Well if you take the 653,102,371 shares and multiply by 0.045p (mid price) although it's probably closer to 0.0415 at present then the market cap is: £293,896.07.

The Directors didn't buy any additional shares on top of what they already have.

Yes the company is debt free as far as I know. There is I think one development on the go which they normally get a loan for that gets repaid ones properties sell. Have a look on their website.

I tried my best ;). Anyway assume the 2 trades today are buys? Need a few more of those….

The total shares will now be: 653,102,371.

The shares were issues at 0.44p and then sold in the market at 0.044p to allow the £900k debt to be converted into £100k cash and then of that £100k, £50k was given to 1 Director and £10k to another....

Hope that makes sense, as it doesn't makes sense to most of us. But it does seem like a good deal though unless we are missing something. Only speculation but it seems that needed to get sorted for the company to move to the next stage (whatever that might be)....

Well the only option seems to be, to keep buying. For me it’s averaging down. But will by another £2k at the end of the month. At some point we will have bought all the sellers shares.

Sorry a bit off topic, but what is going on with the markets....Another 3 shares this morning planning on delisting. Soon there will be no companies left on the AIM!!!

The one thing of late is that we have at least have some trades.....if you look back at my posts you will see that there was a time in Feb (I think) that we didn't have any trades for 2 weeks I think....

Which is making me think that something is happening.

Well put your money where your mouth is they say: Just invested another £2k bringing my total shares to 27m now at an average of 0.14. So there you are Dave’s, some of us do still invest….hopefully in the right company ;)

And their shares were bought at 0.1.......

Also who's buying these new additional shares as the RNS says they were put straight back out for sale. Not hitting the market, so I assume it's been bought by a big investor?

I wonder if this was some kind of deal to allow the next steps to fall in place. Focus Energy didn't buy into this share for nothing. But probably wanted the depts cleared before moving onto the next steps....Only my opinion!

But do correct me if I’m wrong, we have effectively transferred £905k of debt into effectively a £100k worth of shares? If that’s the case then it’s not a bad deal is it?