1.2 mill
only 16 mill shares in issue
First investment done
Nigel Wray bought 8%
cash raised at 8p....
this is MUCH MUCH cheaper than GATE or CHAL....and should have more upside from here...
means a 6.15 rise!!
think we are due more news soon on our investee company
dont forget our unpaid NED bought 200k about 2 weeks ago.,.,...ignored by the market.,...
looks like the CHAL GATE effect is rubbing off here....
the only difference being we are CHEAP vs those 2.,....
GATE is insane
CHAL had a good rns but is trading now over 3 times ipo price
GUSC is only just ahead of the placing with Nigel Wray on board with 8%
you can bow buy at 0.0258
Darwin need to sell twice as many shares as last time as the the price is even lower....however the weight average price is based on 0.02-0.04 and not 0.0258....
so if they do the same size in cash ie 50k gbp then they will need to sell 150 mill shares
looking at the volumes and the fact we have 78 mill buys now and have already had a fair few uys since the last rns possibly means we are close to the end of this conversion
now hit 60 mill buys
i reckon we need to break 100 or more to clear out Darwins current lot...however i see this as a GSR type recovery play from here...
yep
i know why its fallen
market cap at 700k is now priced to fail and the co only has given good news
if the co isnt going under...and this is simply a technical crash thanks to Darwin once they are gone....
buy volume is 57 mill... no sells....
so need a few more
tdw limits are now size for 0.07!!!
thats 75% more than the offer
this has nothing to do with sales figures - or even the company - the price action has nothing to do with the companies business performance...
the business is as risky as it was 2 months ago - one could contend less risky after agreeing the distribution deal -
however the price has fallen from 0.50 to 0.03 - no bad news has been given by the company - no bad debt , no winding up orders , no loan defaults , nothing....not one bad thing....
this is entirely down to Darwin - who the company chose to borrow 250k gbp from in the form of CLNs - 250k worth of debt with only 50k of debt converted to equity has caused the market cap to drop by over 4 mill gbp....
Darwin have wiped off 97% of a companies market cap....