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Tang and other US investors know where this is heading after the delisting. The company has already stated that Residency will not be in the UK, so it's moving to USA, the big shareholders will be happy to see this IPO'd in US for many multiples of today's SP imho. Director loaded up three times since announcement of delisting. The Tang TR1 just shows was US investors think of this and with the $870 million Jazz Pharma deal signed recently I think the future could be bright staying the course here. JMO Adyor!
It appears only a matter of time before we see a £ multi-billion spin off it seems, the remaining shorts will be getting nervous at these levels as we saw last year it can suddenly spike by 50 or 60p in a day or two. JMO Adyor
At least Dick Turpin and most other robbers have the decency to wear a mask. The BOD should refuse to take a salary until this gets back to the IPO price of 30p (remember the shares were consolidated about 12 months after the IPO) so any potential new investors don't get fooled by the charts or current SP vs the IPO details. The value of the company has declined by over 90% since the IPO through sheer incompetence it seems, and as for keeping shareholders up to date with the so called first harvest well that's a joke. JMO ADYOR!!!
Been watching this from the sidelines thankfully. Why did the company recently raise yet another £30 odd million at 50p from shareholder's only to starting converting £37 million in convertible bonds at 41p. Existing shareholders must be fuming at this, surely the company should have raised twice as much and paid the loans back in cash, this will be diluted to hell if they keep issuing shares on a falling share price? JMO Adyor
LB view, if you've been in this at any time in the past twelve months then you are clearly underwater, as the direction has only been down, and the spread is generally too large to trade it seems..95 % down since IPO just over a year ago. JMO Adyor
Ponzi comes to mind here? Why did the man bail out last July and ask for his cash back, what did he know? Just a thought but lots of smoke and mirrors regarding any actual crop ready to be sold? Too many questions very few answers it seems? JMO Adyor!!!
Tc'sandC's, filter me all you like, explain to you other fans what is to be celebrated by a 95% fall in the SP since IPO, a botched loan agreement with Riverfort that resulted in a heavily discounted loan conversion for sub 2.5p recently instead of 9.884p, it was lauded as a great deal by Dav and the BOD in October, but only entered into it seems because a well informed investor wanted his cash back last year as announced on 6th July 23. Now a £1 million loan that is questionable as to what it will actually achieve for shareholders considering there has been no update on a crop sale. I've never seen so many smoke and mirror statements from a main listed company in a very long time. 😳 I won't be joining your fan club any time soon. As for investing genius he'll be gone like you once you recover your substantial losses I believe! Keep ramping away...! JMO Adyor!!!
Nonsense...Read back through all the RNS's since IPO, no mention of distressed accounts prior to Riverfort Loan, totally misleading in my humble opinion. That why the SP has fallen over 95% since IPO...the share price doesn't lie! JMO Adyor!
Tc'sandC's.. The company never mentioned is was struggling to get finance prior to the Riverfort loan in October 2023 when the SP was circa 8p. What ever happened to the bullcr@p crop and lots of positive noises from Dav and the BOD prior to the disastrous loan, why was the loan interest not repaid on time and converted at sub 2.5p? Where did all the IPO funds go? All looks very shadey when you read through all the previous RNS statements? JMO Adyor!!!
@ Tcs & Cs,
The terms of the Riverfort loan was obviously full of holes wasn't it?...The loan and interest has now been converted twice into shares at less than 3pence... but read the loan RNS back in October, so one assumes that the company has been in breach of the 15% loan repayment arrangements? What vote of confidence was that then ? JMO Adyor!!!
.........The principal and interest of the Facility are payable in cash or can be converted at 9.884 pence following approval of the Circular
· 4,249,291 Warrants granted to the lender exercisable at 9.884p for 36 months, being a 40% premium to the 5-day preceding VWAP.......
..........the granting of warrants at a 40% premium to the applicable Reference Price shows confidence from the Lender in the Company........
https://www.lse.co.uk/rns/mezzanine-loan-and-posting-of-circular-rbqsnndk5v9r9nn.html
I'm not interested in your personal insults, I only deal in information that's either beneficial or not to the company. Riverfort loan was a total calamity for shareholders and information leading up to that point was at best amateurish or totally untrue? JMO Adyor!
No wonder Riverfort took shares instead of cash...did they get tipped off about the announcement 🙄? Disgraceful imho and incompetent loan arrangements by Dav and the BOD considering all the bull crap prior to the Riverfort loan. Either a pack of lies or total incompetence from the BOD surely? JMO Adyor!!!
Get real guys, someone posting three times first thing in the morning about Israel Attack under the heading 'Breaking News' and including oil price charts and link saying 'surging oil price' doesn't sound like someone who doesn't want to profit from a war in the Middle East from the potential for higher Oil prices... 🤔 JMO