Member Info for mcadder

It's ok finwittrader - at the expense of repeating myself I've already mentioned my specific concerns in my 11.06 post ta ;))

Lol, last time I checked this was a public forum not an echo chamber :))

But got your point there, so basically any genuine concerns about the viability of a business should just be buried and not mentioned and let people continue seeing investments through rose tinted spectacles, ok got ya ;))

"29k shares traded, that's not even 2.400,- CAD

Importance is zero."

Exactly, just 29k shares and it drops to 0.085 - imagine if the volume had been higher and it would have dropped even more!

Even the Canadians can't hide their disappointment on the chat board over there.

Now 9 months passed since talk of a JV and RBL, so as someone pointed out, maybe AM wants the RBL to be bombproof, or perhaps after 9 months it's simply a case that we have no RBL because our current production levels are not high enough to satisfy a lender to let us refinance the colossal debt and perhaps the so called interested JV partner has similar concerns? Otherwise after 9 months and now 2 months since the $11.8M convertible bond financing still nothing?

At end of March 2023, shortly after bond financing the latest RNS shows cash position of $10.7M so, assuming they were running on fumes at time of financing then they had spent $1.1M within a week?

If production was simply where we expected it to be by now none of this would have been any problem whatsoever and the SP would still not be at 5p with the prospect of more dilution to come.

The dilution is what keeps this pegged at current levels and that's assuming latest financing is enough to finally get production to a level where we can manage the debt and start being cash flow positive.

Not liking the look of the price action over the water tonight....

Goingtomoonufo - I really question your general sanity and reason for being here sometimes!!

With the extra shares in issue 18-20p a share I'd agree is definitely fair value

So let's say for arguments sake they did and we have very very worst case between 200-250M shares, wouldn't you prefer a figure like that than the tens of billions of confetti many AIM companies I can think of have?

It's pretty much a non issue for me especially if the company achieve projected revenues of $9M which they expect to reach in 2023 alone.

And that's AFTER the latest placing.

How often can you say that on AIM?!

Not often that's for sure!

Up 10% now :))

3.2p on the ask already.....

Over 15% - bearing in mind recent placing, means they must have added!

The Placing will definitely have happened imo. Especially at that low price, the admission date was today, but you wouldn't get an RNS to confirm that, they've already explained the date of admission in placing RNS. Only time you'd get one is if it didn't happen for whatever reason, so on that front no news is good news :)

Looking like my 5-6p target could be reached soon ;)

......."we have completed the release of the UEP link bonding system product, XGSPON FPGA code development, and the FTTR FPGA code development, therefore, I believe we have significantly de-risked the investment case as there is a clear line to the target revenues for this year as well as significant further growth potential for 2024 as customer deployments in the latter half of the year move to annualised deployments in 2024. The Placing contributes to the Company being financially positioned for the current requirements and contributes towards the anticipated mass deployment growth on existing contracts, as well as to capitalise on new opportunities."

Company almost at an inflection point now :))

But it's a start, hence short term target!

Longer term with the right news, should get back above 15p

5-6p

Expect news very soon...

SP could easily double or more here now on next positive update, your either in at this level or not. And if you're in higher up, there's still potential to break even or get back to profit.

Got some more this morning (2.94p) and below placing price which is even better :)

Yeah just nearly $31M in bonds left to convert, not much confetti there eh Eazy ffs :((

So much for the JV, now in middle of May and AM opened his mouth about supposed JV interest way back last September, I really wish he hadn't said anything about it now

Should recover to between 4-5p this week.

Short term pain for huge gain, latest placing price was unfortunate but that's the markets for you right now, huge revenue projected for second half of 2023, decent money to be made at these levels bearing in mind this was 6.5p just a few days ago :))