Member Info for Malik-

£80m debt and no longer holds an asset :)
This is a total crap show

Casino.
Sorry I meant roulette :)

Aah I can’t believe I am unable to short this crap

And going long when a company has an enormous - debt load of £80m and for which the restructuring only reduced the debt mass by a THIRD - no more.
This company is as close to as insolvent as it was.
Enjoy the casino.
And enjoy the crystal balls of those looking at charts :)

You will be thanking me for booking your profits.
This is going bankrupt

Beautiful Chart…. This is why retail always lose money.
They look at charts.. they look at momentum and buy when things rise.
Beautiful debt I say.
Gonna crash back to reality

IG doesn’t allow unfortunately

Please let me know if platform on which I can short this crap.
Thanks

Yes because you have two accounts on twitter with 20k followers pushing this.
It’s gonna crash all the way back down as fast as it rose.
They sold their main asset with at a massive loss.
They have £80m of remaining net debt,
They heading for bankruptcy - just with a slight delay ;)

.

Someone here said recently they shorted.
Please tell me what platform to use to short.

Who can tell me what platform allows to short this?

It’s gonna crash back to earth.

*in price of Bitcoin in immediate future

Shame my brokers aren’t allowing to short this.
This is being promoted by clowns on social media who appeared from nowhere and understand nothing about fundamentals.
Remains plagued by an unsurmoutable amount of debt
This is heading for bankruptcy unless a miracle of an explosion of. It pin price on the immediate future.
Sell and save your money

You don’t pay close to your whole adj book value in staff costs. period.

And here is the other side of the story and the one which is not wishful thinking but that which the financial statements are telling you:
The staff costs per YEAR make up 80% (!) of this company’s book value (ex goodwill).
Translation: co to be plagued with recurring significant fund raises that don’t contribute to operations or devt but to pay staff.
In ‘21 you wd have told me the co was going to generate much higher revs in 22’ than they actually have. They aren’t able to convert orders into sales.
Importantly profitable g still wishful thinking.

They say revenues is much better than expected in ‘23, no word about costs? To give you another idea of the changes - management staff costs were up 35% yoy 2021 at time when inflation wasn’t an issue yet (let’s see where we end up in ‘22). Basically this co’s cost base is out of control.

That’s actually why I do it to help people.
I have done some work on this stock so sharing for free ;)
I tried to short but there is no borrow.
Believe me - I am not trying to buy in… until they sack half their employee force AND they show they can translate orders into sales and it have an ebitda margin.

The reason why I am sharing my thoughts is because so much crap is being shared by social media characters with big followings who 1) don’t understand how to value a company and 2) show one side of the story without showing the other - I doubt it’s malicious it’s because they just don’t have capabilities of doing it. And this causes little retail blind followers to get burned by not understanding the risks involved in the equity story they are buying into.

Yep finally someone has a look at the financials of this company.
Staff costs are insane.
They raise, they raise to pay the staff :) by the way average employee there gets paid close to £100k. Anyone fancy a job?
They need to can half of their employees for this to be investible.
Right now, they promise dreams, and operate likes a state run company with civil servants.

Not touching this thing on the long side til I see PROFITABLE growth - a far cry.
So far this company has missed continuously on converting orders into sales and more importantly, its staff costs levels are incomprehensible and frankly insane relative to its equity value and in fact, causes this company to do massive placings not for product development or growth but just to pay for its staff costs.