Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
InvestingGenius and his fellow rampers appear to have gone silent when a difficult question is asked about the goings on here with regards to loans and pay backs etc etc? Oh and by the way, has anyone heard anything about a Cannabis crop? 🪴 🙄 🤔 👀 😳 🪴
Whats going on?... why did the company pay off Rami Ajami's £375,000 ("CLN") back in July 2923, that would have been convertible at 30p (post consolidation I think?), only to then borrow 450k from Riverfort on worse terms?
https://www.lse.co.uk/rns/repayment-of-convertible-loan-note-e3feofv6pcddrlg.html
As for today's RNS..I thought that the principal loan (450k) and the interest on the loan could be repaid in cash or converted at 9.884p per share, so why has 90k loan and interest been converted at 2.34p. 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........The splitting of the First Advance and the Second Advance provides capital optionality for the Company, and the granting of warrants at a 40% premium to the applicable Reference Price shows confidence from the Lender in the Company.........." as per RNS 26th October 2023.
Read RNS in full....
https://www.lse.co.uk/rns/mezzanine-loan-and-posting-of-circular-rbqsnndk5v9r9nn.html
Upland Resources the other partner issues RNS re. Disposal of NS licence it appears.
https://www.lse.co.uk/rns/shareholder-monthly-update-1zv8zp4bdpdvhvv.html
Here is the Baron Oil RNS today that Reabold Resources dynamic dummies couldn't be bothered to issue to its shareholders it appears? What is the point of the two Bozo's if they can't even be bothered to update shareholders on important info like this? Maybe they are too busy at a wine and cheese party?
https://www.lse.co.uk/rns/uk-licence-p2478-update-970ep6yrsrqfyco.html
Even if 41p was the support level, the next 18months may just keep drifting down until the cash runs low again? Unless some positive results another cash raise is always potentially on the cards. Big AL got his big sale right at 180p it seems?
The story sounds plausible if you read all the sales patter along the way, but so has many a ponzi scheme, the question is, which one is it? The TR1 last week doesn't come across well when someone who owns 23% of the company just dumps his shareholding without the BOD knowing it seems? Jury is still out I'm afraid until Dav and the BOD prove they have something to sell and customers wanting to buy it in the very near future. JMO Adyor!
So the only update Dav and the BOD can give after 6 months is to inform shareholders that a loan/interest has been converted into shares when they were at there absolute low point. Is that perfect situation for the bank being orchestrated by the company to allow the bank to get cheap shares at the expense of all other shareholders? Makes you wonder what exactly is going on behind closed doors? 🤔 What does the Telegram ramping group have to say about that I wonder? 🤔 JMO Adyor!
This company reminds me of the CERN project run by a bunch over educated burkes using the Hadron Colider project in Switzerland/France..10,000 scientists have given themselves high paid jobs for life, supposedly looking for imaginary ghost particles that probably don't exist, but the Governments supplying the €billions in funding are too stupid to realise 😳 the whole thing is an expensive job creation scheme for academics to play with, a bit like the other bunch of scientists looking for God particles and fusion energy. Now I wonder what that has in common 🤔 with AVCT? JMO Adyor!!! 🤣
Mickmod, lol you're a joke you've supposedly been topping up for weeks now, and as for you calling the bottom well you got that wrong. I don't believe you will be staying long term until your imaginary 50p, you'll be gone long before it reaches 10p if you've managed to average down below that level . As for Mr Popodopolus, well he's pulled the wool over everyone's eyes by the look of things and scarpered out of town? Davinder and the BOD have seemingly disappeared along with the Telegram group into a Greek cave judging by the total lack of communication to shareholders?