Member Info for magmanus_49

cyrox, what is the mkt cap right now?
i think its 290k lol vs 500k-1000k due to shareholders (taking the end of feb cash £700k cash also into account)

no :) try again
you sold got stopped and need to buy back.

Cash 900k is running costs and in addition to £1.2M sale
Hence much more to go here.
caught a few just now

will get interesting once over .8/1p

The Company’s cash position at 31 December 2022 and 28 February 2023 was £3.2 million and £0.9 million respectively. At both dates, the invoice discounting facility of £0.4 million remained undrawn. As a result of this expected reducing cash balance and the expectation that the trading environment will remain challenging in the near term

hence the reason for sale. low cash at $900K. Then sold for $1.2M

The consideration under the Sale Agreement is £1.2 million in cash, payable on Completion.

Hence going up now, to release actual value above 1p for sure, after delisting fear sell outs etc.

Lets get real here now.

yes, some lost because they sold low on panic
added some lows, lets see
should start heating up when few more sellers get pushed out.

up 20% here now. holding. :)

how is that so. when S/H getting approx. £1m+, 3-4x x current price!! if they don;t use shell for other purposes, and there a few options there.

well?

hence why so interesting after initial panic sell on desisting fear and then no desisting

Now I wonder how many panic sold under 2p not knowing the full facts!

No £900k was cash in hand at strategic review! hence decided to sell sub, main sub sold after for £1.2M :)
You might have sold way way too low if that was what you thought :)

Note £500 is from £1.2M cash sale due to shareholders (minus £700k expenses running cost - which is not accurate too high, hence needs checking by AIM Reg/ Shareholders)
£900 was cash position at end of Feb 2023.
Hence approx. £1m+ due to shareholders no matter how you cut it. hence 3-4X current price/ evaluation.

interesting, holding up very well. ( waiting for any near term sellers)

yes, £900+500= £1.4M in any a case for shareholders, minus $700M cost, which is probably not accurate, hence AIM regulator might be interested in reviewing too.

Sale was £1.2m (minus costs off 700k) and they had approx. £0.9M cash remember that (that is not mentioned directly, but its there) = that would be around £1.3M MKT cap =2.5p

Shareholders can and will ask for audit of 700k cost of sale MVL (AMI Regulators will see to it, leaky already), and cash case will be used for final settlement to holders, hence the push up.
Plus MVL would be subject to shareholder vote / approval, and with AIM Regulators on close watch.

Long way to go, plus short covering now! If folks buy hold, could shoot to 5p+ in weeks ahead. IMHO

Currently trading at half the lowest cash reserves at this time in any case.

Not all in but interesting developments now, plus the squeeze factor for those who panic sold under 2p.

Remember all liabilities have been transferred to Baaj on completion of the sale so now have zero debt/obligations. Clean ££ for shareholders OR new investco OR b/o.

They can also start marketing the shell to any firms looking for a listing in London. Or start up a different business instead of giving ££ cash to shareholders of 2-2.5p approx.

***Very positive that shareholders did not approve delisting, despite panic selling month earlier to strong hands now. who disapproved for obvious reasons. S/Holders and buyers in control from here on 1-2x under offer value. Volume already near 100M at current price since come back. ***

19.5m buys. this is not chump change
bodes well for 1p+
not all in yet tomorrow will be adding more

good to see sellers out and looking strong into close.

well done if buying/ mopping up and holding. respect
patience pays here

Looks like few sold out and now almost crying.

go play elsewhere with you 20%. happy for you.

tomorrow should gap up, will be looking to cross over 1p at least. glta

breaking .7 for major move up tomorrow based nearly entire share count volume today - brilliant

OK, then hop on please.
they sold at a lose and now complaining :)

enjoy the ride like GST recently, and few others
glta.
sorry if you sold out, glt elsewhere

well buy now when its low with tiny mkt cap, and you won;t lose :)
you will be happy at 1p++

under 0.6.
must hold folks, selling to the pros here :)
anyway need more sellers, and then it will be solid moves up towards 1p+

came back to listing 3x under valued.