Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Great news, loads of time left9 Jun 2023 07:18
"This company could be in a whole different place by end of July
Market cap is only 100k and somebody is certainly happy to load up with a master plan"
The above is an attached quote from LPorter (or EarlofAim, whom has a very similar writing style)
One of my other investments has been snapped up in an RTO, and that had a Market Cap of 800k, by a Hydrogen Company in AUS. That was clean though and literally a cash shell in its purest form.
Sooo, if that can happen why won't someone snap this up? Hmmmmm....
Jimbo, I think you should be getting an EGM requisitioned with your substantial holding to get the BOD removed, not looking for overseas investors.
Yes Buda, I would say a significant amount are in the hands or PI. 1% of the company will cost about £1600.
Bond,
You hit the nail on the head by confirming that there has been numerous TR1's which should have been filed but weren't, not just the PH.
If you google it, there is a suggestion that 'AIM companies are not required to file a TR-1 Form with the FCA'
That's an article from 2020 though, not sure if there has been any subsequent changes to the rules. I'm sure you will get confirmation in the forthcoming days.
IMO, I don't think big Mike Cashley will make a bid here. His speciality tends to be pre-pack deals with Stock value 10x that of his purchase price. I just can't see him stumping up the cash that the others will, to buy this. He's very intelligently positioned his tanks on the lawn, as he always does, so he can block bids and make a move if the business does fall into difficulty.
When has has he ever bought a company for a substantial premium though; I do stand to be corrected.
I'm of the view this will be snapped up, just don't think it will be Magic Mike!
AIMHO, GLA,DYOR.
I hope it does get to your 0.75p on a spike, definitely not gloating, I've been in these situations before.
Guys, it sounds to me like you may be getting emotionally involved here.
Just remember the names of the BOD when they show up on your other investments; and get the sell button on standby, because believe me! These are the only winners out of all this mess.
This is a massive gamble stock and people who have been caught, are just gambling on a hypotheses that has/had a very low likehood of occurring.
What can you say to the FCA? You've lost your money because Peel Hunt didn't notify they had sold? You need to be honest and admit you gambled on a penny stock on AIM, because of a few crazy hypotheses that were being flaunted by pump and dumpers. Tell the truth!
IMO, this should have been investigated when it sold it's business to Baaj! If it wasn't looked at then, you can't make PH a scapegoat; when this morning they were going to be the saviour to all!
How the tides turn in this game!
AIMHO, GLA, DYOR
No brainer lol; it's a no brainer once the BOD are removed and replaced with competent individuals who intend on undertaking a RTO. Until then, it's got more chance of going to zero than multi bagging IMO.
This was going to go off like a "firecracker" at 6-8p range. It's now 0.4p, so goes to show it doesn't come without risks.
Just saying it how I see it... AIMHO, GLA!
Big news IMO, Frasers will push this now. GlA!
This is in wind down? Why would anybody want to lend to a company that is insolvent, or perhaps I am missing something.
Being granted sole access to borrow an an insolvent business, just doesnt make any sense! Maybe he should think about getting a consortium together to buy the equity first and then undertake a recapitalisation when it is private.
Then consider IPO'ing it later down the line.
Baffling?
So what exactly are people reading from this? Joe Bloggs wants exlucivity to get debt funding here.
IMO, if I were investing here, I would just buy the equity for peanuts and look at options that way.
Becareful!
A cash shell, with a 1 mil valuation with the potential for 2mil worth of cash distribution, seems like it could hold something. That's a few years worth of listing.
A big gamble though. Hmmmm not sure.
Lporter, when you order the EarlofAim off wish!
Unless buying enough here to try and take the bull by the horns, it does feel like it could end up throwing money down the drain.
If Jimmy does have 30k in here, he should look into getting himself and his wife elected to the BOD and paying themselves a salary for a month.
Https://www.linehydrogen.com.au/news/line-hydrogen-announces-uk-listing
The Australian green hydrogen company is merging with UK organisation, Net Zero Infrastructure PLC, and is set to be listed on the LSE by September.
Any views what this could be worth to existing shareholders?
Anyone with significant holdings here should be doing what they can to get an EGM to remove the BOD.
Not saying removing the BOD is going to stop the total wipeout, but you will at least stand a fighting chance if they are!
I seriously hope this BOD can be exposed after all the losses they've put the shareholders through. What a joke. They should conduct a proper audit of this company, up to the point they agreed the sale of assets to Baaj. Something doesn't and hasn't smelt right for months...
1 Bil valuation before things started turning a corner? Surely that's at least the floor here now. I'm surprised the same parties aren't circling at the current levels. Where else are you going to pick up 4 bil worth of sales for a quarter of the price.
Mash has revealed interest at this level hence they upped/are upping their stake.
IF this does turn to a bidding war, it could be a fair whack premium to the current SP...
I'm in for a few and may consider topping up further, but don't suspect we will be at this level for long.
AIMHO. DYOR. GLA.