Member Info for Mekas

I'm not sure this will recover with GB at the helm. Until we start making a profit anyway.

After the multiple debacles at DVRG he certainly lacks credability at this point.

Just doubled up my amount of shares over the last month, great timing there. Over 85% down average.

Yeah that’s my average too, and I can’t justify accumulating more really.

In fact I’ll probably have to dump a lot of it, if it goes 0.06p +.

So here’s hoping it’s great news and it flies past that figure. But I’ll take ok news too

If this is buy the rumour, let’s hope I can sell on the news, in a bit deep here. Gla.

I’m a big fan of share and continue to top up. The discount is high, the retail park sector is solid underpinned by solid businesses. One day the dividend might increase!

Probably just Helium continuing to lower its position, I’m not too worried about it. Might see a tr notification in a while confirming.

I think, as someone who started investing in this share at 1p+ that it does a perfectly good job of dragging itself down, with a well paid BOD and a very shakey cash generation business. (which attracted me in the first place, but we’ve seen how that’s been going in the last few years)

I’ve had enough so have further reduced. Unless something great happens (finally get the administration money or somehow managed to turn the tide with dwindling sales) can see this going lower, as they obviously need financing to get their mountains of inferred copper, that they struggle to get funding for

Thanks BigDave. That’s made me feel slightly more positive. I Do wonder sometimes what vela are paying this media company for! Looking forward to this increase in communication we’ve been promised, lol

This company does feel like it’s one multi year/million deal away from getting back to 0.15-0.20 territory.

Fingers crossed.

I don’t feel like the SGS investment was a long term (5 years+) investment, seems like it’s potential value could decrease over time (although could be wrong).

I’m fine with a long term view on companies, my issue with mode is Not being able to see a reason for such a high valuation, in the first place and seeing better opportunities to get into that market.

As other users have pointed out, ipos currently seem quite risky, with a jam tomorrow style approach, where they will lose value - even if they do eventually come good in 10-20 years time (and many won’t).

Seems to me like there could be better opportunities looking for companies that have fallen greatly but have a solid long term plan. I mean even if you believe in mode wouldn’t you rather put your 316k in at 5p a share than 50p?

Mode never seemed like a good idea, it was clearly overpriced and no good reason why it was valued so highly by anybody. If they wanted to dip a toe into the water with bitcoin I would have rather they taken a punt on QBT! Or bought Argo blockchain at 3.5p like I did (don’t get jealous,sold far too early)

Mti wireless and ensillica seem like ok investments, though nothing special.

Ultimately the SGS debacle is the 2 million pound question and the reason why the share price is so depressed. We’ve waited a long time and I think if we were close/or there were talks going on we would be shouting it from the rooftops. Currently it just feels like charity work, SGS had a low barrier for proof and got to sell their shares and help their funding and we get 8 per cent of nothing.

It all sounds cautiously positive. Looking forward to this company eventually becoming cash positive. I have just topped up a little.

So I think, like a lot of us, that this company will eventually come good and make some people of money at some point.

The question is who will that be?

This companies record so far is to screw PIs

How can I have faith that this company won’t just go private, via administration, with the major shareholders and RG doing well out of it, while PIs get nothing?

I’ve had it happen before, why won’t it happen here?

So they sold their last office at a loss to Nav but again from original price. That’s ok I guess.

Will be better when they come up with a cunning plan for the proceeds.

If your confident in their retail park strategy (I am) then I would buy at this price. Worst that could happen is dividend stays as, I think. If they increase dividend, share price will recover as it will make share more attractive.

Based on the correlation between plans and execution I feel the ticker stands for Some More Lies

I had same issue with ii.

AJ bell allow it.

I had the opposite way round problem with vela technologies. It really seems random at times. I would have thought it was access to a whole market or not, but they seem to vary for the considered low tier stocks

I think the sell makes sense, if you look at K2 share chart they sold the spike, previously the share price was really low - hence the book value in March of £14,396.

Being able to re-coup 90% of the original investment is much better than a large wipeout.

I think long term they are still bullish on BTC, hence the holding in Mode. Do they still have holdings in Argo Blockchain? That's done very well recently, although obviously re-tracing a bit currently.