RE: Trolls15 Mar 2019 11:51
The feckless rampers keep going on about what might or might not happen in the future, peddling the same old "jam tomorrow" BS they have posted for years here whilst the dilution continued and the SP was decimated. They have no shame, don't care about PIs and are here only to enrich their own positions at other's expense.
What matters is how this company operates, its historical performance and lack of ability to deliver shareholder value whilst expending £millions upon £millions on Admin Expenses and lucrative salaries for this BOD.
Helpful's "sum of the parts" valuation is utter tripe and nothing but a sleight of hand. ALL feckless rampers use this same tactic to dupe readers. You can not honestly and genuinely present a "sum of parts" valuation without including ALL THE PARTS and ALL THE DETAIL concerning each part.
Where was mention of the £2.6m of Current Liabilities in Helpful's post?
Where was mention of the £910,000 worth of Convertible Loan Notes still outstanding?
Totally disingenuous
In terms of detail where was the factual detail about the last reported El Limon royalty revenue?
It was last reported as $13,658 for a quarter. At that rate it would take 37 years to recoup $2m !!! Just laughable.
Jupiter shares are locked away in escrow. Helpful knows this. The chances those shares will ever be sold to realise their cash value is practically nil imo. AB sits on the board of Jupiter so is highly unlikely to ever sell the shares, how would it look to Jupiter markets if their own director sold all his shares ??
What has happened over the past 5+ years is HIGHLY RELEVANT here because that history establishes what this BOD do and how they operate. Here's the factual results of past Annual Reports:
2012 - Loss of £1,962,882 - raised £4,441,844
2013 - Loss of £22,105,562 - raised £4,103,795
2014 - Loss of £4,113,460 - raised £2,723,861
2015 - Loss of £8,411,541 - raised £2,327,377
2016 - Loss of £283,280 - raised £1,155,323
2017 - Loss of £1,114,213 - raised £300,000
A colossal £15,052,200 raised via confetti issues over that period !!!!
Yet today the company still languishes with a £3m to £4m MCAP. Where does all the money go? WHat shareholder value delivered?
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