Member Info for MrMagorium

As posted by the Chairman, Neil Sinclair on Linkedin a few days ago:

"As a Main Market listed company, I am very excited to announce that Pristine Capital Plc is stepping up its search for a £20m+ commercial property portfolio, preferably but not necessarily outside London. As a co-founder with Andrew Perloff & Stanley Davis of Palace Capital plc, who are also my co-founders of Pristine Capital, I worked with great agents and investors."

This company has a MCAP of roughly 800k, largely supported by cash in the bank and they appear to be considering portfolios in the region of £20+ Million.

On the basis they carefully utilise leverage to fund such a transaction, it does indicate this could have huge potential as a Property Investment Company to Equity Holders.

GLA, DYOR, AIMHO.

There's only 37 mil shares in issue and if people are buying and holding then that can mean the free float is low.

To get a decent amount at the current level can be tricky. I've found myself chipping away in parts, as the sign of any upward movement and some folk look like they want out as much as they possibly can.

I feel for them, because I think this is one of the diamonds on AIM. But Cash is king! You can't pay the bills with MAFL shares unfortunately.

AIMHO, GLA, DYOR.

A little more red tape is always helpful!

Quiapeg seem more forthcoming in putting numbers to the deal, unfortunately, the announcements are all in Swedish. I have included translations if of interest which outline the key terms of the deal.

'According to the letter of intent, as compensation for the license, NZI must pay QuiaPEG a cash compensation of GBP 1,000,000, approximately SEK 13.5 million, and newly issued shares in NZI corresponding to five percent of the total number of shares in NZI. According to the letter of intent, the cash compensation must be used for the purpose of financing the Company's current operations until the purchase option is eventually exercised. The license agreement shall also, according to the letter of intent, contain a purchase option for NZI, meaning that NZI shall be given the opportunity to acquire the Company's intangible assets at the end of the license period. In the event that NZI chooses to exercise the option and thus acquires QuiaPEG's current intellectual property rights, NZI must pay compensation to QuiaPEG for such acquisition consisting of newly issued shares in NZI corresponding to either five percent of the total number of shares in NZI or a market value at the time corresponding to 1.5 MGBP, depending on which option implies the highest value.'

https://view.news.eu.nasdaq.com/view?id=b87b2e224007ab435fb2d5b35f3260232&lang=sv&src=micro

Some of MAFL's relatively smaller holdings largely cover this entire market cap here so whilst the spread is wide, this is a Buy and Hold stock. It's hard to trade with the low number of shares in issue, although people may try their luck and get caught. Not worth it though IMO.

If this does have potential for a 40p NAV and starts liquidating the portfolio to back the value up, this will go vertical.

I think that is going to be the key in reducing the massive discount to NAV.

Can't see BOD recommending any offers based on how low the SP is and surely any agreements would have to secure their futures in the new entity.

Having talks this long has lost shareholders a fortune, any interested party has clearly been kicking the tyres for too long.

Time to walk away I think and get back to their basic business model of buying gear for pence off the deprived and selling it for a profit.

What's their motto? Good for the planet, Good for your pockets.

DYOR, AIMHO, GL to all my fellow vampiric capitalists.

Time for this to got back to the twenties in the short-term IMO. Lack of demand has possibly held it here for top long. Too many prosperous opportunites in the pipeline and good cash at a 4 mil market cap... under the radar for too long...

This one seems to keep falling at the final hurdle.

Hopefully this time it can pull through and we can see some meaning financial information...

Whilst it took months to do DD, this ended up quoting the value of Quiapegs Intangible assets from their balance sheet... so I do hope that value has been substantiated thoroughly... and Quiapeg covered the fees of doing that...

If this does proceed, it looks like the Quiapeg creditors will get some of their principle back and then we will be left with the IP to some potentially significant drug treatments.

Again, would like to understand the financials behind the market we could have access too, but seems a bit mute...

Now we await the prospectus, which presumably has gone to the FCA for validation...

No MikePickle, you are incorrect on both claims. I had difficulty buying a decent amount and not selling a holding.

To me that suggests the opposite of what you claim. If the MM will take a huge chunk in one go, it suggests there is demand but not enough supply.

That to me signals when people are buying these at the current price, they are landing into sticky hands, hence why only small volumes are going through.

There are small sells going through at the current bid of 5p. But I could offload a chunk at 5.4p yesterday. This suggests to me, something odd appears to be going on...

Something is artificially keeping the price low with these 100 share trades here and there at 5p bid. I'm not buying it! Could dump a few 100k easily at 5.4 earlier... question is what's causing it?

Tried to buy a few today, can't get a dime... but can sell a chunk in one go. Must mean something is going on?

Is there a reason this has been in talks for so long? I've never known a situation to go on for this long before...

Surely must be a reason the BOD aren't pulling them away from the ongoing talks?

Do you think we will get to the day of vote in these circumstances TL82? The latest RNS suggested talks were still ongoing, so could this be TB enforcing a deadline for 'supportive' shareholders to put up or shut up?

Is someone able to explain the reason that shareholders are being given the right to vote on this, given that creditors will get to vote on the same morning and have superiority?

To me, a shareholder vote for yes, is like Turkeys voting for Christmas, and a vote for no is going to be overridden by the creditors?

The BOD must think this is some sort of comedy act, if they are trying to twist someone's arm to put up some money.

This company has basically gone bankrupt from paying Beckham for his image rights. That's their biggest piece of IP, with a bolt on gaming team who participate in gaming tournaments and sometimes win.

ESports is a massive growth market and this company will definitely continue, but it will be under private ownership and as you say, the asset will be sold for peanuts to someone with deep pockets...

Becks is a minority imvestor, he's got 3% of the shares in issues which is worth about £30k and a net worth around £500 mil. To indicate the importance of his Guild stake.

Now consider he reportedly signed up for $19.78 mil over 5 years for being a 'Brand Ambasssdor' for this company. It was renogiated down as the comoany went along and therefore I'm not sure he's had the full $19.78 million out of this, but I certainly think he's had a fair few million to cover any losses associated with this business.

That's the good thing about being a shareholder and an expense.

Probably got the wrong ticker and chose 'Guild' on AIM instead of 'Gold'? Sounds plausible.

Where is Sharebell? I'm guessing they have lost people some money with their ramps the last two weeks.

DrNash, it's not a takeover, it's an asset sale. It also states due dilligence will be required. This usually takes a few months.

Of course it looks like another poor attempt at a Pump and Dump, there's no money mentioned in the RNS as per usual.

It reads to me that Sky want some affiliation with one of Guild's gamers, which gives Guild opportunity to stick this in the news, but does it really warrant an RNS?

This does not change the fact the company needs and appears to have struggled obtaining significant funding.

The most significant asset is intangible, that being the East Imperial Brand.

The 2022 accounts valued this at 2.2million, which is coincidentally the value of the INL loan that was secured upon it, but some of Burt's shareholding in the PLC was also added as collateral (likely as a sweetner to cover the expected accrued interest on loan notes)

Bermele paid £24.5 million for this company 3 years ago. Since then annual revenue growth has increased to a position that East Imperial was forecast to be cash flow break even in Q4 2024. This is clearly a significant financial milestone for any startup and especially for the shareholders.

Question though, is this brand really worth only 2.2 million though? 10% of what it was 3 years ago, despite the significant growth journey it has been on, especially in the US?

That's the big question likely to be asked by the substantial shareholders.

I honestly can't see where the upside is going to come from, so I won't be buying even if it did go to 0.1p.

There could be short-term volatility of course , but it's like gambling on a roulette wheel. Yes it may be fun, but it's not investing, it's potentially tipping your money down the drain.

There's cash shells trading at sub 1 mil mcap with almost the same level of cash and experienced BOD's actively pursuing an RTO.

This has no assurance it will have even have that, and yet it somehow still has a MCAP of 1 million? I have no idea why.