Member Info for lor_9

@RIDER75 I tried to play the listing via the CPTKW warrants but can't find anyone in the UK that will let me trade it. If you have any ideas would really appreciate it.

To be fair, 30 secs of Eastenders is a major test of concentration

Has another

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fundraising leaked?

From what I understand (or at least on the rumour mill) at least one of the offers was around £9, which is why I view the whole strategic review as a catastrophic failure.

I think it was a change of heart/process midway through that derailed it all as suddenly the view was that the company is all of a sudden worth so much more and bidders weren’t able to get there. As ever the largest shareholders pulled rank and management weren’t able to do anything as they wouldn’t have the support to get a deal through.

Maybe it’ll play out ok in the long term but we may be waiting another few years for that. Ok if you’re a millionaire and want a 10x return. Not ok if you’re a retail investor and are happy with 4x.

@Boombangabang good post but where are they going to get the money from to acquire companies? Or will we be in the death loop of more share issuances? I certainly don't want them raising money anywhere near £4, when we know this is significantly undervalued, even if it means missing out on growth. The company is stuck until the market views them differently. Hopefully sentiment will return positive on good results. Until then, we just have to sit tight...and pray.

Dumbstruck how there's no movement on the share price despite all this news

All I can say is that I can't wait to read the Dowgate commentary on this. They need to swing their institutional weight at this, as it's clear the company no longer listens to private investors. They used to be very receptive but that's all changed in the past couple of years as Candy and co have tightened the chokehold.

Sorry a random autocorrect there. You can guess what it should have said.

No no no no no Mav. We can’t have Candy anywhere near this. Will not accept a loan to give him even more of a chokehold on the company. It’s becoming common knowledge now from speaking to people and various other speculation that a sale could have gone through had it not been for me. I haven’t found out the price yet but believe it was higher than we thought on this board.

It’s not an anchor as we are well below that price.

It’s truly impressive how they have managed to destroy so much shareholder value in a raging bull market where other podcasting companies are thriving.

It’s just pure greed from the Board and they’re not acting in the interest of other shareholders. Very poor corporate governance in my view.

Got to say the MP chart is setting up to be a thing of beauty. Lovely flat base since November 2025.

If it can breakout above $74 it could trigger moves across the whole sector.

Hoping the timing matches perfectly with the NASDAQ listing. Imagine being a new rare earth company when the sector is hot again with traders. That's the kind of thing that could fuel a quick 100% + move for MKAR.

This is now becoming a very good example of how to trash the value of a company.

-----> -41% down this year.

----->. -45% down since the sale process peak.

----->. Credible offers rejected.

Shareholder value set back by at least a year.

We need answers from the Board immediately.

Interesting footnote in the presentation that the DFC is considering $100m of financing. Don’t think they have disclosed these numbers before? Decent chunk to be a cornerstone investor combined with the military presence on the Board to help secure deals with Trump

To be clear I don't want any changes to the CEO or CFO - both are excellent. I do want changes with governance at Board level though and for ordinary shareholders to have a say in the route forward for the company.

Whether a bid is good or not is completely subjective, so let shareholders decide.

If you have a low average acquisition price then an offer of £9-£10 would be excellent in my view. It allows investors to recycle capital and deploy into the next opportunity.

However, if the offers were all around £7, then I agree, not worth proceeding.

Maybe arealfundmanager will know but I’m not even sure whether a party can return with an offer now under the takeover code. I think it’s highly unlikely in any case unless they want to mount an aggressive bid

I do feel like it’s unusually bad management from Audioboom and it doesn’t reflect well on Stuart and Brad. However, I suspect a big shareholder like Candy derailed the process for pure greed.

Think how many advisors fees will have been incurred in this shambles all for a paragraph in an RNS, no strategy and a share price that’s worse than ever.

I’ve been a huge supporter of them but it’s time the Board changes and a proper independent director is appointed.

Quite good news, they do appear to be working! Maybe this will beat my expectations of a September Nasdaq listing

It’s really not a big buy for Tobin, that’s like us spending £2 at the supermarket. What about the other directors too? Need to see a bit more than a token purchase by a multimillionaire

I think they would need 75% shareholder support to push anything through and Candy, Dowgate and the Board have over 30% in total, so they hold the power.

Having said that, from memory, I think Candy has an average cost of around £2/share but obviously other shareholders have higher averages so a higher number would be needed to shift them.

I'd be very disappointed if they turned down any bids in the £9 - £10 range.

@mcsquares and @asimpleinvestor how long term do we have to be though? I've held shares since Feb 24 (and before that in the hedonistic days of the crazy run to £20+). I'm sitting on some profit at the moment but nowhere near as much as I'd expect for the risk being taken of investing on AIM. We need a clear plan and the market is telling the 'Board' that today. -16% and counting.

If anything, the Board needs a refresh