Member Info for MissGolightly

Well... Err....no. Net of expenses, it will receive £1.66 million next week and as the business has been generating losses to date, funded, to be fair, by David Breith, its net assets on IPO will only be about £850,000, although, again to be fair, the bulk of David Breith’s funding is staying in as a long-term loan so Toople will be able to use the cash raised to increase its marketing and grow the business. In my view, start-up businesses like this should not be listed as the additional, say, £250,000 of plc related costs and the extra scrutiny are just unnecessary burdens. Some may think that the fact that it’s not on AIM is a good thing but yet another subscale business getting a Standard Listing on the Main Market is hardly something to crow about as it is, in the main, less regulated than AIM and starting to become the home for businesses which can’t get on to AIM for one reason or another. No idea how it has managed to raise the £2 million, presumably from investors with memories that last no longer than a year, but good luck to them as they will need it! WHETHER YOU RESPECT T.W. OR NOT... HE's GOT THE HANDLE OF BREITH.

THIS IS HOW YOU CONJUR UP AN £8m MARKET CAP... (Source: TW *************) Only 14 months after David Breith resigned his CEO role at Coms plc (COMS) in March last year (before being forced to leave that is), he is back with the impending IPO of Toople plc next week on 10 May. As ever the prospectus that was issued last week on 4 May deserves a closer read! Toople was only incorporated in March this year with the founding subscribers contributing £24,000 for 36 million shares at 0.0667p, the main contributor being the CEO of Toople, Andrew Hollingworth, who subscribed for 26 million shares. Shortly after, David Breith sold the assets he owns that comprise the core of Toople’s business going forward to the company in return for 39 million shares. Breith is not a director of Toople merely a consultant on £120,000 a year. Toople comes to the market on Tuesday raising £2 million (£1.66 million after expenses) at 8p with a placing of a further 25 million putting a market capitalisation of £8 million on the business. So just so I’m clear, I make it that those getting involved in the current placing are paying 120 times that paid by the initial subscribers and Andrew Hollingworth’s 26 million shares will now be worth over £2 million in theory! I appreciate that those putting in initial capital into a business should benefit for the risk that they are taking but a hundred-bagger in less than two months is pretty impressive work. So what does Toople do? At the heart of it is David Breith’s software platform, Merlin, that he retained as part of the various deals he did in the past and, apparently, that software his now been improved and tweaked and is now perfectly placed to help SMEs with their broadband and telephony needs. So with a potential valuation of £8m, one assumes that the business must be doing pretty well, right? Well….er, no – it’s pretty much a start-up. In the six months to 31 March 2016, it generated about £360,000 in sales, although only one-quarter of that was in the core space for the business going forward, so let’s say £100,000. It has deals with 41 SMEs. I appreciate that the risk factors in the prospectus are there to cover all eventualities and concerns but I think this one summarises it quite well: “The Group has a limited trading history with limited revenues, therefore, investors have no basis on which to evaluate the Group’s ability to achieve its objective of launching a telecoms business. If the Group fails to achieve its strategic objectives it will have a significant adverse effect on the Group’s financial position.” Well at least the business has a pretty strong balance sheet now that it has raised £2 million to take on the world and really go for it, right? Well……er, no.

I have my arm bands ... Just in case! What's happening other side of world then? I've had to do the work thing again and not had time to check....! miss G :-)

Dear Cally - sound advice! Fortunately, I read the top tip on spreading ones risk. So I'm losing money in lots of places!!! ;-))) But also making some in others. Praise be. Good luck - at least I no longer worry about COMS Miss G ;-)

... just checking that the sun still rose today.... Off to the pool for splishy splashy controlled drowning.... Miss G ;-)

We have a new Board and someone in Mark, who appears to be a sound leader with principles in the operation of a public listed company. We are thankfully on the road to a strong recovery - which I am sure will be confirmed by the end of the month. Only a year ago we were left in a devastating state by David Breith - who openly told mistruths to many of us, and drove this company into the ground with gross miss management and spin. I still remember the heartbreaking stories of some who lost huge sums of money and were left with few options. I myself was luckier and have only managed to drag myself through it because I took a huge gamble, believed in the Chairman's plan, and invested heavily at the Rights Issue 0.5p. Turns out to have been a good move and am now very nearly in profit - but with significantly more invested than I ever intended. Naive investor text book case! Take heed.... But now I can - as can others - look forward to a positive future. This company has a new and excellent product proposition, positioned well in a growing market and with credible people at the helm. Steady growth to be expected / anticipated - not pie in the sky projections. I say all this because I see that TOOP is now listed on these boards and as others start to hopefully do their research (and learn the truth)... they will find their way to this COMS board - and will hopefully see a company here that IS now well worth backing .... thank goodness Frank got rid of DB! Go that off my chest! Good wishes to all long term holders here - patience will be rewarded and failure upon the instigators - if there is justice. Miss G ;-)

Hi Astro I blocked him on Twitter - I couldn't bear everytime the name popped up! I'm not allowed to say what I really think ... it's but these boards should serve to help others too - in helping others who have not made the mistakes in believing the spin who can share info and warn others who get sucked in...and its easy to do. I know of people and read the heartbreaking stories of others on the COMS board - some of whom lost everything - whilst DB just walked away with his capital intact...no doubt laughing to the bank ... and to another start up. In fact I was once worried into sleepless nights about one poster! Some people should be barred from being Directors. I hope Admin will allow this freedom speech ...though I am sorry for calling him a rude word earlier. Miss G ;-)

And not to use the descriptor of DB that those with experience know to be true. So OK... Out of the most genuine respect and concern for any potential investors thinking of parting with cash ... Please make sure you know the history of the lead directors.... Do as much research as you can and think very long and very hard first! Never gas the risk warning losing your capital being at risk been more true All IMHO....!! Miss G

Mr greecey.... I'm not watching it. I'm sitting in the sun enjoying a G & T and watching you do all the hard work on my phone ! Miss lazy G International super armchair trader

You can change your preferences on HL to show live prices. I'm a flippin expert now... Miss G International super trader Wink wink

I wondered about that ... but I'm assuming that this page will stay active for a wee while yet ... based only that I know MTV delisted weeks ago and there are still peeps posting on there....? Miss G ;-) PS.... about to buy another £1k worth....ahead of tomorrow...

Thanks for clarification ... I'm never sure where you stand on this one... :-)

... Just so I'm sure.... Do you think this is a "buy" right now...?!? Miss G

Dear N... OSU let shareholders know approx a month ago that the LSE listing would cease. If anyone chose to sit with finger up "nose" and not find out implications for themselves then they really shouldn't be investing / trading these stocks anyway! I have no experience of trading non LSE stocks before now, but the transfer to a broker who does support TSX (HL in my case) couldn't have been easier to do ... and if I can do it, anyone can! So I don't think people should be put off with a little inconvenience... This stock presents (with the usual risk caveat) a great opportunity at this level ...and I'm not a ramper ! Been trading it successfully (ish) for three years and though slow at times, has been one of my most successful mining stocks... IMHO. miss G

Occasionally I do the work thing.... people pay squillions for my advice... ;-) But the sun is shining in Edinburgh and I think it is too nice to watch this all day. So as they say in Russia.... "Mosgow"! Miss G ;-)

I have the makings of a monumental hangover. Good ole reekie Rich soon. Oh God please. Miss g

Rarely :-)))

Well the sun will rise will still rise on the 12th .. So why the devil not!?! Worry ye not Rich soon Missing g

Over refreshed now Just sayin Rich soon Miss g :-))))

You're learning mr greecey.... And just you mind ... I'm keeping an eye on you whilst I'm on my lunch outing. My other eye is currently negotiating my third Cosmopolitan. Hic! Rich soon... Miss g :-))