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There's no other option.
Can't take pounds if there are no pounds to take.
Meanwhile TAG can continue manipulating, trading like previous years or just straight selling down like the last few months
Which ones?
.
A picture paints a thousand words but that's no good for those glancing through RNSs for recent news..
Pull your finger out @Admin
Wondered how long it would take for someone to put a spin on that figure, after all that's why they used it..
So someone could spin it and they can carry on offloading blocks of 10-50 million of shares daily
TBH I Don think everyone is saying itl be a massive SP changer.. just a couple of people, and I doubt they believe it themselves after every disappointment so far
I've got my fingers crossed for all of that happening 🤞
Though i generally agree with some of what you say, you can't really complain about assumptions when your talking about credit lines from bpm based on a single transaction that hasn't happened yet..
I certainly wouldn't pay 1.99 never mind 6.99 though..
That's great.. now we just need some IMs
Good deflection mitch..
You said, this is the response you got.. so you asked someone!
Who?
Response from who exactly?
21% spread
38 trades..
What are you on about?
😅
But the cash value cancels out the loan.
Ie, there is nothing to pay back
I know its a point nobody seems to want to hear chewy, but the loaned shares don't need returning.
They've had their shares and we've had the money.
The shares were sold long ago and became normal shares the same as every other share , they were offloaded onto us PIs.
The whole point of them was to give people something to blame all the background trading on and possibly give AZ some trading funds, which he probably spunked ages ago since all its done us go down.
There's only one person stating otherwise and he claims his information came directly from private conversation with AZ...
So, what's more likely? That the rns stating the shares can be returned in cash equivalent (which we had years ago)
Or that AZ privately messages information to one person which contradicts the information in the RNSs?
Mitch,
"TradeFlow was valued at approximately £31 million at the time of the TradeFlow Acquisition by an independent valuation company. This figure was included in announcements published by the Company on 26 May 2021 and 6 July 2021.
· On Completion, the Company paid £4.0 million in cash and issued 813 million new ordinary shares in the capital of the Company ("Ordinary Shares"), each such Ordinary Share being issued with a contractually agreed value of 1.1 pence each (or £8,943,000 in aggregate), to the TradeFlow Directors ("Consideration Shares"). As specified in the 2021 Annual Report and Accounts, the fair value of the 813 million Consideration Shares issued was £3.1 million based on the then prevailing market price per Ordinary Share.
· The difference between the fair value of £31 million and the fair value of the amounts transferred by the Company to the TradeFlow Directors on Completion comprised future earn-out payments that would be made to the TradeFlow Directors if certain revenue milestones were met from financial year ended 31 December 2021 ("FY-21") through to financial year ended 31 December 2023.
· On 18 July 2022, the TradeFlow Directors were each issued with 106,762,760 new Ordinary Shares in relation to settlement of post-Acquisition earn out payments for FY-21.
· As part of the TradeFlow Restructuring, the Company recently commissioned an updated valuation report for the TradeFlow Group. This valuation report was produced by the same independent valuation company as was commissioned in connection with the Acquisition. This most recent valuation was dated 6 January 2023 and valued the TradeFlow Group as at 30 September 2022 at £25.6 million."
The valuation dropped from 31m to 25m.
We payed 4 million , some Shares and then one payment of more shares.. then we never finished paying for it.
What is there to explaining?
This has been going on for 4 years.
Only the first few years it was blocks of 20-40m and they were worth a lot more money back then.
I don't doubt he's trying his best to get this to a functioning business and beyond.
But making a pledge to buy shares if the price gets to X is nothing less than a dodgy ramp.
The whole tradeflow deal was dodgy.
The valuation of syme at rto was dodgy
Plenty of other dodgy announcements being made.
Lots of things brushed under the carpet, which is dodgy.
Background trading = dodgy
Good morning 2G2D, the thing is , is all those things that take time , we were told from day 1 were sorted.
We were told true sale was bullet proof, backed by big 4.
Now the words true sale don't even exist.
It doesn't take 4 years to put a contract together.
Also the dilution via CLNs was to buy tradeflow for a massively inflated price.
A company we did not need and could not afford.
People were made millionaires off the back of that deal.
Everything about it was dodgy, yet many on here hailed it the best thing since sliced bread and when it went tìts up those same people declared good riddance.
It's not about risk vs reward its about the tactics used by the CEO to get what he wants at the expense of us PIs..
Those tactics include having billions of shares in the first place so the shares seem cheap despite the mental valuation on rto.
And telling us PIs they had multiple funders lined up
A platform
Researching Listing on NASDAQ
Pledges to buy shares ... who does that??
Just dodgy move after dodgy move..
Your right, WL is great if it happens, but no idea how you think the bank is going to offer a credit line to us when they're going to be analysing that single transaction probably for the duration of the point of handing over funds till they've received them back.
How longs it been since first and only IM?? Where's the snowball of increased business..
Why hasn't there been any?
Why isn't AZ taking a pay cut or a shares for pay deal when he's screwed us all over.
They're closed groups. On full lock down
Thanks burnley !
I hope your doing good too fella.