Member Info for Mooching

Green boxed. First on this board!

Silence is golden

There was plenty of (unofficial) communication when they were trying to get a raise away and needed some liquidity for their mates to sell into.

Just sayin

Update for Beast, in case you missed it...

Pokrovsk still stands and indeed looks like Ukrainians are using their night fighting advantage to slowly turn the tables!

18 months and counting. Getting nearly as embarrassing as your predictions.

That 30m share float is pre-issuance of a new tranche to raise an additional £5m...of course?

Boasting about your trading prowess doesn't change the fact that the BoD are asking us to vote on the basis of 'trust me bro', regardless of whether you're in profit or not!

Doesn't really matter, mcap is mcap regardless of share price. Currently £30m, so they are asking for a further 17% dilution, and that's assuming the mcap doesn't keep on tanking...because of the uncertainty THEY have created!

Manx

JV they can't disclose. Great, but that requires good faith from us investors. What has happened thus far to deserve that leap of faith. Why should we blindly hand over our votes to people who are giving every indication they have only their own interests at heart?

This board is littered with threads and posts filled with speculation and conjecture, all because the BoD are failing to communicate to it's retail investors. Who are now being asked to vote on resolutions without knowing the strategy or even if we have financially recoverable gold!

The word amateurish springs to mind.

If Poulden does indeed lose his job over this, then I really don't think he has anyone else to blame.

This whole AIM thing of treating retail with contempt needs to stop.

No wonder the price is tanking. This is either stupidity or intentional. Either way...

What is factual is one day you'll be right.

Someone mention me?

Hi Ak, I know how you're feeling.

As I've mentioned before, been here a long time too. I started buying into my SIPP around the time of the EQT mash up...another failed enterprise! My average in there was about 66p (new money) and a few more to average down to c60p, but most of my later purchases were into an ISA when we started to get down to around 7p. I added to that too over time averaging up to 19p (mostly on the promise of the last RTO attempt).

Yes, it has been a challenging few years here, and ultimately rather disappointing.

So, as you can see, last Monday presented an opportunity to not only to finally break even in my SIPP, but also get 3 bags on my ISA. Why didn't I sell? Same as most...greed!

With hindsight, I was foolish to believe in Rolf's 'cunning plans' and he showed on more than one occasion he was out of his depth. The result is he's gone and we now have Chris leading the operation, who seems to be a much better businessman and operator, although I must say I'm not entirely happy with his level of remuneration given the ongoing lack of tangible results and debt/financial commitments we have obviously been carrying and now need sorting by us being heavily diluted.

Anyway, looking forward, as I've to do these many years, I think the dilution is now priced in and possibly even overdone?

I'm thankfully still sitting on some profit and I'm confident my SIPP will also eventually deliver some too, just not in the immediate future, which I was hoping for.

BTW, I've voted in favour for all today (like I had a choice!)

GLA

Hopefully. Time to put this dog out of it's misery

Lots of people struggling with the BoD's actions and motivation. As with any investment, you only need to ask yourself one question to know...

"Do the directors benefit most by share price appreciation or remuneration?"

Carmzy, just to clarify, you need to have a shareholding to participate in the vote!

You could have has a bag full at sub 10p if you'd listened to me, rather dripping your poison all over this board.

Anyway, where you been the last few weeks?

That's right, sitting there, wringing your hands, twisted by hate, hoping others might lose too, the same way you obviously have in life.

Do one loser

I'm quite sure we'll find out later there's been quite a bit of accumulation happening while in this holding pattern.

Raises to date have been announced by RNS, as fait accompli.

Not today, so it's safe to assume it's not that, this time.

You mean those who do not understand the direct correlation between mcap/shares in issue =share price?

I know, it's astonishing that people 'invest' without this most fundamental of knowledge.

Baileysea

All those dumping this morning will be crying before bedtime if resources land!

Most insti's are barred from holding 'penny shares', so hopefully this is the intent of consolidation, to attract big money.

One can only assume why they think insti's would want to invest if it was a duster...right?

;)

Just gonna repost and leave this here...

"Whilst Atlas Shareholders will be a minority in the Enlarged Group, your Board considers that the likely overall value of the market capitalisation of the Enlarged Group will represent a significant enhancement over and above the entire market capitalisation of Atlas today, so whilst Shareholders will be diluted by the facilities described below, the majority of that dilution (to extent the Facilities (as defined below) are utilised) will likely occur at a premium to the current share price of the Company.

The Facilities will dilute all shareholders in the Enlarged Group pro rata (and not just current Shareholders)."

Like I said, looks like 40p is the baseline (minus 10%) until resolutions are passed and we then we step on again with the new entity.

Could have been worse (could have sold Monday at 60p too...lol...never mind. Onwards and upwards)