Member Info for MrMagorium

Par is 0.25p apologies.

Roger, if the company is suspended, you can end up, at their mercy as to whatever price they wish to raise to keep the company going, so long as it's par or more.

Par, I believe for ITS is 0.2p.

The BOD are really the main driver behind the current value of the business, let's face it and they will want a reward.

The BOD's current interest is zero, other than occupying a BOD position. Nobody knows their intentions, they have as of yet not declared a target and signed a HOT, prior to completing their DD. The company would suspend on that announcement and then you have to wait a few months for an update.

All speculation now, but hope those involved can make something out of this basketcase.

This was 0.2p prior to the new BODs involvement and I would not be surprised to see the BOD take a position at that level when they look to raise to commence an RTO... if they do have something lined up.

Sharebel and Dom-bella are going to have very red faces right now, after their predictions of 10p over the last few months, prior to completing their houdini act.

I'm in here, mainly due to the exposure to THG, but not too impressed with the investment in TheWorks if i'm honest. It looks to me like a typical wafer thin margin retailer, with a portfolio of bad leases on zombie highstreets and in dieing shopping centres, which is in a race to the bottom, by churning its Inflation susceptible chinese imports.

Actually, if Kelso had opened a short, I think I would have been buying more Kelso today. Maybe that's a contentious view, but I just don't get why they have chosen TheWorks out of the other potential value propostions out there at the moment.

Doesn't feel like a sum of parts value proposition, like the THG investment... which I do happen to like even though the SP in that one likes to constantly disappoint !

AIMHO, GLA, DYOR!

Almost as much cash as current Market Cap... and a listing in Boots. IMO the products will do really well if they market them more intelligently, and possibly look at expanding distribution via other healthcare retailers, think Holland&Barret, Superdrug, Lloyd's pharmacy.

The target audiences are out there, they just need to market more effectively.

Self Testing has massive benefits to society, to the NHS and to the general population as a whole, so I'm happy to take a position an wait, because IMO it may not be long until someone makes an offer on this and runs it the way it should be run!

AIMHO, GLA, DYOR

Sharebell had a prophecy that this would hit 10p one afternoon a month or so, ago.

You would probably get a better prediction by shaking some tea leaves in a cup than listening to their absolute garbage ramps.

Sorry, but anyone thinking this is undervalued should take a look at what happened with ITS! The assets are worth whatever someone is willing to pay for it, and IMO this wreeks of the same scenario.

If I'm not mistaken; this seems to have a good level of cash in relation to the current (circa 6-7 hundred k) Market Capitalisation.

Also, given the par is 1p, any potential imminent raises would have to be at least 1p, and presumably at a decent premium given initial shareholders would want a return on their 1p the initial subscription.

Director bought at circa 0.7p fairly recently, and that's a 20% premium to where the current SP sits.

There seems to be s distressed seller though, given the number of sales going through recently? But they could be at a loss given the trading range...

I liked the look of the Megasteel company they tried to TO, I went over the accounts and they looked pretty solid...

Golf, I would have to agree. For Zeus to become a creditor so quickly, what work have they undertaken to be owed these fees already, does switching a NOMAD really incur fees in the region of 25k. I'm not so sure.

It does make you wonder what value the new BOD will raise at to get their hands on some shares.

Not suggesting they will raise at 0.25p but why would you pay 1.6p when you are able to get your hands on some equity, at such a substantial discount.

They are business men, after all.

Looks to me like someone with a big holding wants out quickly. Anyone who has held a relatively large position here knows how hard it can be to sell due to the illiquid nature of this stock, and the MM will shaft you if trying to sell at best.

I've bought a few, as it's trading at a pretty substantial discount to NAV. Underlying fundamentals seems strong and it's just one of those times where you can pick up a bargain due to someone's distress.

I could be wrong of course...

i read the expectation to list is by september. in terms of value to current shareholders, i've seen they value the company at circa £40m, so let's be prudent and take £30m. what proportion of equity of enlargened business will be made to nzi shareholders in place of the listing? this is all speculation, but let's say 10%.

that would mean a £3m value, which based on number of shares in issues is circa 5p per share. i'm basing this on the opportunity cost of seeking an alternative ipo/legalities for an overseas company obtaining a listing on the lse.

i could of course be going way overboard, but that's just my number for this purpose.

my *** packet maths is suggesting, no less than 5p, pre capital re-org. i see that our largest shareholder was buying in the 3p region, so 67% return for a 2 year wait, could be a nice roi for them.

all the above is figurative and certainly not factual, and then of course assumes they go ahead with the rto... anyone got another view?

gla dyor aimho...

DomBella and Sharebell, nice ramps but given your track records of ramping dieing companies and then disappearing off the face of the earth when they collapse, I take your comments with a pinch or salt!

Seems like a lot out there, so would be good to get an update from the BOD which one they decide to go with. We are quickly approaching the 2 year requirement.

I do wonder if Zacs latest chart seems to indicate that this company is approaching level T H I S, which is a resistance level of I S, and approaching the Cup and Handle of F A W K E D.

Be brave when others are fearful tends to come to mind, but could end up catching a falling knife! Decisions...

Looks like Zac must have drawn his chart upside down again.

I think the wellness tests have big potential. They just don't seem to be marketing them effectively. Get them listed into somewhere like Holland and Barret, and could see them doing really well.

That would also have a complimentary benefit to H&B's other lines, by being able to treat any disorders uncovered.

Hmmm, cash almost covers market cap. Is there a risk this could get taken over?

'Zac's Chart' about as useful as a chocolate teapot