Member Info for MrMagorium

Seen this scenario so many times.

Screams of someone buying the IP and Stock on the cheap.

AIMHO, GLA,DYOR

What a gut punch of an RNS to those in here.

MM are going to have the net ready on open tuesday. I would hazard a guess around the 10-15p range.

I'm still holding, I think that should answer your question.

Fiinu has a par of 10p per share, and a company can't raise below that without going to the shareholders to agree the specific capital structure changes.

Even a reduction to a 1p Par, and a placing at that level would yield strong support for anyone invested at this level, as this would be a recapitalised business, with funding to apply for its banking license.

IMO, best case is a buyout or succesfully structured placing.

Worst case, is sale of operational business to founder, and a cash shell left to current shareholders.

A_Milli, you indicate this will reach 0.5p. You assume, that by selling a stake at 1p, you would then have the ability to buy back a double stake at 0.5p? Then presumably that will recover to make any investment viable?

I think you could be the AIM nostradamus if that one comes off!

I wonder if someone will be hoovering up those sells. It's relatively small volume in grand scheme of things, but MM have certainly moved the spread to catch any prospective day traders.

It's a tricky one Yuri, as any psychic with the ability to bend spoons with their mind would know.

If only someone could accurately predict share prices just as well! We wouldn't need to be speculating on a BB.

Https://fiinuplc.com/major-shareholders

According to the major shareholder list, 71% of the business is held by a small number of people/corporations.

Assuming those holders are all still holding (which looks highly likely), that means there's not much free float and with a buying frenzy, the MM will have to let this go. With a positive RNS on funding, it's anyones guess as to what could happen...

Is a return to double digits really out of the question here?

I wouldn't want to speculate on price as given it does have it's hurdles to face and there isn't an RNS at this stage, it literally could end up being a finger in the air.

Peter, the founder, has raised similarites with a US business with a similar, albeit, opinion is not as superior technology to Fiinu, and that business has a 300 mil market cap. Different markets/ regulations/ population of course, so there will be reasons why such disparity to here and there. I don't believe they possess a banking license also though. (see Dave Inc on NASDAQ)

Fiinu is approaching 4 mil MCAP on todays news... it has investors who have bought in when the MCAP was £30 million +.

For me, it feels like it seems potential to be a good one, but obviously it's a roulette wheel and I would certainly not bet more than I can afford to lose.

No smoke without fire.

Those in will be waiting and those speculating will have it all to play for.

Founder seems to know what he's doing, so i'm quietly confident. There's not much free float according to their latest major shareholder list on their website, so why not a double digit possibility?

Sorry, being much too prudent. Dave has MCAP of $376 mil dollars, just shy of £300 mil. See his LinkedIn for source.

Not in anyway suggesting a similar valuation here, but if a founder feels the tech is up to those standards, it does make you wonder if current valuation is too cheap.

Only circa 20% in free float, according to the Major shareholders list on their website...

The founder flagged a similar US company called Dave on his LinkedIn last week, which has apparently worse tech and a Market cap of £100+ million.

Maybe this should considering relisting on Nasdaq!!

I wouldn't say so at present, according to their shareholders list (caveat, this is AI generated , so may have changed...)

Here are some of the shareholders of Ascendant Resources Inc:

CQS (UK) LLP: 16.62%

Steve Laciak: 10.27%

Mark Brennan: 3.527%

Clifford Hale-Sanders: 1.376%

Stephen Shefsky: 0.9320%

David Ball: 0.3248%

Christopher Jones: 0.3188%

Carl Calandra: 0.2544%

Rui Santos: 0.2489%

Kurt Menchen: 0.2112%

AIMHO,DYOR,GLA

I read Ascendant has a Market CAP of circa 10 mil, and is soon to hold 80% of the keys to a c100mil NPV project. So that's an assumed 80 mil of DCF back to the owners over the life of the project (after the put option is exercised, and assuming Ascendant has/is able to raise the funds to pay the circ 5 mil to M&FL)

Just thinking out load here... why wouldn't M&FL consider taking a signifcant equity stake in Ascendant, in lieue of the total cash proceeds, especially at the current depressed share price?

Just trying to join the dots...? But seems like something JV should consider?

AIMHO, DYOR,GLA

My word, you're quoting 400-600 mil... i'll have some of what you're on.

Sorry StockCheque, am i reading that you are quoting a 300-400 million offer is in the wings based on an analyst's valuation?

I think you may have added a zero to each of those numbers, whether that's accidental or not, I don't know.

The company is on it's bottom, a 10x market cap offer in the current environment made me smile.

The Letter of Intent

The LOI is non-binding save for, inter alia,due diligence to be completed by 16 February 2024, the costs in relation to the Acquisition are to be borne solely by QuiaPEG, exclusivity restrictions that cover QuiaPEG engaging in discussions or agreements with third parties on alternative transactions, and other customary terms of an agreement of this nature, such as confidentiality and governing law.

Not sure what's next on the agenda here, but they missed the DD deadline without an update. I'm not sure if that's a positive or a negative!

Some people were quoting £1 a week or so a go when the ramp was in full flow. It's got a massive job on it's hands, and the more dire situation it finds itself in, the best chance it has of a successful turnaround, but not for existing shareholders IMO.

Unfortunately, those situations don't tend to favour

the existing shareholders. Seen it happen way too often to know, what a good old shareholder shafting looks like.

AIMHO, GLA, DYOR.

Counting cards, playing devils advocate here, but what kind of well run business raises a small amount, relative to the amount they actually require (at a substantial discount to the prevailing Market Price) and then sets the scene for another raise in a couple of months time, highlighting they need a way of issuing at less than current Par of 1p.

This was at 3p a few months ago, and look at what the SP is now.

They could have done a more substantial raise at a higher price than they did, but chose not to. Instead they set the scene in a negative light.

What does that say about their attitude to shareholders? For me, it doesn't say good things.

AIMHO, DYOR, GLA