Member Info for Lothbury

Morning Hopist. Yes, the last raise was done at 0.05p BUT this round of Placing is being done (as per filed Stock Exchange documents) at a huge discount of 0.005p. Does this clarify the position?

Net Proceeds of Fundraise £2.22million

Expected market capitalisation of the Company** approx. £86 million

* This figure includes all warrant exercises from the date of suspension 31March 2025 until the date of the Document

**The expected market capitalisation of the Company at that time of Admission is based on the Placing Price of £0.005.

RTO document on the Company web site (unredacted extract below)

Total number of Existing Ordinary Shares as at the date of this Document* 10,739,259,735

Placing Price £0.005

Total number of Placing Shares 193,000,000

Current SP 0.215. Placing 0.005 = 97% discount on today’s SP. That tells you where the SP could reach. If I were getting Placing shares at .005 then I would be dumping enough shares to recoup my Subscription + 20% roc.

Is the Placing Underwritten and if so, by whom?

“The Bottom”.. difficult to predict - we have to wait for the RTO documentation. We may be near it now.. depends on the Placing strike price .. what I am finding difficult to get to grips with is the humongous amount of profit that us having to be generated to support the valuation; even if you use eye-watering PE ratios. A collapse of 60+% in the SP and we haven’t had the EGM doesn’t bid well. So we will just have to rely on Citi’s upbeat views and opinions for the time being. Happy Christmas to each and everyone of you.

On the 24th October I posted the following ..” I calculate an approximate Opening Price of 0.29 to 0.34..” A certain ‘poster’ suggested I didn’t know what I was talking about despite my experience in the City. I’d like to apologise : I really didn’t think the SP would sink this low. A Placing, at a discount, will mean even more shares to be issued and more dilution than estimated.

Good morning NewToThis. I will NOT be increasing my stake. I’ll let the price settle, wait for the full EGM docs before making a decision; but I still am on the “Sell-Side”.

Xmas Eve …

Thanks : what do we know about them?

Does anyone know the names of the other shareholders in EG?

I disagree with “Citi” comments that the y/e 2025 accounts are of “no interest”. The Beta testing was complete and was launched before the Suspension in March. That gives MoS information on 3 months trading and the ability to write a reasoned “trading update & prospects” using the subsequent 5 months trading analysis (8 months in total) in their y/e Chairman’s report to shareholders. In the absence of the RTO documents: these results are very important: and will also tell us what the prospects for MoS are if the Mexican deal doesn’t happen. I hope the Chairman’s Statement will also tell us why there has been this long delay and a provisional / possible target date for the completion.

Thank you “Citi” for your usual erudite and considered opinion. We all wait, with baited breath, for your “opinion” when the y/e 2025 results are published.

I expect a re-rating in 2026.. it’s worth waiting for that to happen.

Well “mystery guy”… I am totally mystified.. where did you get the RNS comment “ Admission Document will be published in the next two weeks, with a General Meeting in early January ”? There has been 3 RTO updates on RNS from the 2nd August 2025 and not a mention of the timetable you have mentioned. If this comment is your opinion then, as it seems so accurate, where did you get this information from and how reliable is it? You can’t just make glib comments to suit your narrative without having some substance. We all look forward to your reply.

Petards make RTO announcements on solid facts .… unlike many AIM co’s whose PR teams grind out the “jam tomorrow” message and can we have some more money to keep us going. Yet another announcement that underpins future earnings with excellent clients. Now we need HMG to start investing into the “new” Great British Railways enterprise. It’s taken a few years to turn round Petards but our faith and patience is starting to pay off. Happy Christmas

Good morning RT003.. to précis: we have been stuffed into a share that for 9 months that we can’t sell nor trade; with no immediate prospect in sight; which may result in a RTO that will dilute us out of oblivion by a newly formed company that hasn’t announced any profits let alone turnover. The only winners have been the Board with their salaries and those shareholders who got out before the Suspension 9 months ago. Since August bloggers on this site (a few with hole in their eyes) have been saying “RTO Announcement next week/month with EGM Notice…”. The year end result for the period 30th June 2025 should be announced in the next 5 days (or on Xmas Eve depending how bad they are) with a Trading update.. Happy Crimbo to you all 🎅🏽“Santa”.

I agree with all your sentiments about the lack of reporting in a timely fashion… the underlying message in my comment was the reliance on dodgy currencies with even more dodgy rulers.. the quality of earnings; client base and regulation makes this company unattractive to bid for …

I think that getting the audit into place isn’t easy with all the foreign earnings from countries that don’t have auditing standards as good as the U.K.

Interesting “Dr.” but there isn’t the book capacity with the Market Makers to “short” or even go “long”.. Unless you’d be prepared to make a book with your shareholding?