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I for one am shocked, SHOCKED, that J&J hasn't been announced as having acquired the business. It all seemed so credible and legitimate. Spare a thought for the last handful of people still clinging on to hope. Poor Hubbas.
There were people here who actually thought that Johnson & Johnson was buying this junk. You have to laugh.
Mind you, it's not difficult to see how some were so easily separated from their cash. They clearly haven't learned their lesson either.
"This really does merit a Netflix miniseries."
Agreed HITS. I saw some activity about this on Twitter and couldn't believe that one of AIM's longest-running soap operas (and history's most credulous investor base) finally seems to be drawing to a close. Cracking bit of storytelling bringing Aberdeenman back for the series finale. Unmissable stuff. If someone could summon up the Greeceball for a cameo as well then we'd really be cooking.
Wouldn't want to be out of this over the weekend.
@Hosai I don't disagree with you on Ocado, ASOS, Boohoo et al. The difference is that those companies have previously 'delivered the goods' - ASOS in particular shot the lights out for years - and are now hitting a rough patch as a result of market conditions. By contrast, THG has consistently underwhelmed from IPO onwards. I'm still holding here, because there's little merit in selling at this point, but the comparison isn't an ideal one. Separately, I think Ocado probably is overvalued, but that's a debate for another board!
I'm not sure it's disproportionate punishment. It's more that this is yet another example of this company falling short of expectations. It seemingly underwhelms every time, without fail. Over time that destroys investor confidence, as we've seen here in spades. It will only take a couple of quarters of exceeding expectations to turn that around and get things moving in the right direction again - plenty of us hoped that would begin today, but it's clearly going to take a while longer.
Indeed. New beginnings. Cautiously excited about the potential of this one.
Just as worthless as those purchased prior to 27th January 2022.
Just as night follows day, I see we have arrived at the inevitable ‘Alert the authorities! Can I sue someone because I lost all but a fraction of my money?’ phase of AIM dog investing. Many such cases.
At least the crypto market is currently doing really wel... ah. Nevermind.
"In layman's terms .... what does this mean for us?"
It means 'if you liked listening to pie in the sky promises about a music streaming app, while the value of your investment was incinerated by a bunch of clueless amateurs, you're going to LOVE conversing with a load of cryptobros about the new craptocurrency you're now invested in'.
That Deezer deal is a real look at what could have been here, if this company wasn't a total clown car from the moment it was acquired.
I see the bottom feeders have arrived. Often a death knell for AIM shares.
"London has for the main been correct in what he has said on this board since he appeared and it has been yourself and the few others now mostly vanished who shouted down any of us LTH who were negative"
I appreciate the honesty. Yes, it would be foolish to forget exactly who it was that happyclapped this dog all the way through to its demise. I'm sure it provides little consolation that they've lost their shirts in this as well.
Also, I agree with you on the crypto thing. This company now has a track record of chasing flavour of the month ideas, and has never managed to turn any of it into a viable business. No reason to believe that this time will be any different. The CEO is a chancer, plain and simple.
Ahhahaha! Wonderful stuff, I love it. Fingers crossed your local petrol station will accept Napstercoin eh? Best of luck spending those Matchettbucks.
There were plenty of opportunities to sell and innumerable warning signs that this was a stone cold dud. There's no point in trying to play the victim now it's become clear that you've been had.
What if he'd prefer to take his payment in magic beans?
Sounds to me like the final chapter of this sorry tale is finally being written. My condolences to those PIs who opted to stay trapped in this dog at delisting.
This is a nice little business with a lot of potential, which has seemingly fallen out of market favour, of late. I've begun building a small stake. Outrageous spread, mind you.
"My initial enquiry was regards share certs in NM Inc, but he confirmed the disposal to Algorand"
Uh-oh...
This has been a great hold for me. Looks like we’re reaching the end of the line as a listed business, and I’ll be cashing out with a very tidy profit.