Member Info for MrMagorium

IMO, it's because when the free float starts drying up, it won't be possible to get the shares at this price. There's 160 mil in issue and close to 30% are with the BOD.

The MCAP here is basically cash in the bank, which values the experience of the BOD and a main market listing at 'zero'.

In reality, 2.4 mil MCAP pre-raise, doesn't seem too mad. They are likely to be issuing circa 2 billion shares for the first portfolio they acquire, then consolidate maybe 1/10. So 200 million shares in issue with a mcap of circa 30 million. Then they may then decide to take out a 80% mortgage on the acquired business to buy another property company for circa 20 mil.

Use the rental cash flows to repay the debt and possibly a dividend from any residual. Leave the properties to revalue over time to allow for capital growth.

Property is boring of course, but crunch the numbers and you will see, it's not too crazy to assume this business could indeed end up becoming a 'multi bagger'.

Bang on Beo. Cash is king and JD generates a lot of cash... even my mate the bull in a pinstripe suit recons this is worth £2.68 a share...

Nice trade for 173,262. Either a poor execution of a Bed and ISA, or a day trade gone wrong.

Lazy gun hasn't been here for a while but is an excellent source of knowledge confirming the latest situation with NZI.

The silence just leads to speculation which unfortunately now is negative. I would hope the BOD would update clearly and concisely on the matters, but we are left with nothing of late.

I bought in today at circa 89p. Looks too cheap on the fundamentals and the profit warning wasn't dire enough to put me off.

JD is IMO, the king of sports shops. It hits the sweet spot in terms of luxury and affordable offering. It doesn't have the tacky feel of a Sports Direct, ie. Pile it high,sell it cheap. I wouldn't be suprised to see institutional buys/american VC eyeing this up at this price. Could be wrong of course. AIMHO, GLA, DYOR.

IMHO, base is 1p and that gives any investors involved in the last placing or IPO zero return on their investment. It's also the par value of the shares.

Directors have warrants at 1.5p and there is more cash in the bank than the current market cap. So that should give some stear on what the future SP could look like and that's before they even have acquired an asset.

No debt yet, but after their first acquisition, they will likely gear up the business to acquire a further portfolio and scale their revenue and cash generation to repay the debt. This is the nature of these types of businesses.

All my opinion, do your own research and good luck.

SP should be motoring forwards.

Market CAP is less than the cash in the bank and looks like the BOD have a few potential opportunities in pipeline.

Hopefully see a large investor take a stake soon...

Delist and dilution on the cards?

Anyone heard any updates on this one? BOD appear to have gone very quiet?

Quiapeg appear to be running the risk of getting kicked off the Nasdaq for not providing information:

https://uk.marketscreener.com/quote/stock/QUIAPEG-PHARMACEUTICALS-H-157247434/news/Quia-Pharma-receives-warning-letter-from-Nasdaq-requesting-delisting-48450188/

The pharmaceutical company Quia Pharma has received a remark from Nasdaq Stockholm in which the exchange operator claims that the company has failed to provide information.

Nasdaq writes in the remark that they will request the Disciplinary Committee to delist Quia's share from Nasdaq First North Growth Market.

The matter will be referred to the Disciplinary Board after the company has been given the opportunity to respond to the allegations in the complaint.

What gives me comfort, is the BOD took a strong position at 1p and so I think they will get back to that level when they undertake any prospective RTO.

Longer term, i think this will be a company utilising leverage to further grow the portfolio and use the cashflows from the assets acquired to reduce the debt, increase shareholder equity and offer greater coverage of any prospective dividends.

It seems a fool proof business model for shareholders if the assets they acquire are also depressed and can be rejuvenanted to stronger rental income...

Their task now is finding the assets in question and making a deal, which according to their latest videos, seems something they are focussed on...

IMO, I would not be suprised if the next RNS is that the RTO has been aborted and it's doing a dilutive placing to keep the lights on (see latest document posting at company house for context)

Their advisors in the meantime will have probably conjured up a highly prospective chocolate kettle company, that warrants 6 months of DD and advisory fees.

Never known a company that communicates as bad as these, pure smoke and mirrors.

Anyone recon Cashley would consider dumping here? Just get the sense the PR from Boohoo and all the investor correspondence is playing right into his arms as doesn't look like he'll be getting on the BOD. I could be wrong of course, and thought a bid may materialise, put typical Cashley won't put his hand in his pocket.

Some whopper sells going through by the looks of it.

Why you would sell down at this level is beyond me, buy when others are fearful 👊

They issued loan notes of 350k in September and didn't RNS this. Given the shell has been running on fumes since the start of the year, one could assume this carries a material and significant dilutive impact on existing shareholders. Not good from the BOD, one could question if they are actually upholding their fiduciary duties?

New site and rebrand has gone live...

http://www.pristinecapitalplc.com

Only a matter of time now IMHO... big ambitions and an experienced BOD to see this through.

GLA.DYOR.AIMHO.

Bit suprised none of the bigger shareholders haven't put in an EGM to oust the BOD and put them out their misery. Could elect Micky Mouse and we would probably get better comms.

Hoping a santa ralley takes this forward in time for the FTSE250 inclusion, at which point the Funds will need to start buying these. Either way, I don't think £1 being broken within the next 12 months is an outlandish view. GLA AIMHO DYOR.

Is anyone aware what's going on here? Updates have been pretty terrible since the turn of the year, and one can only assume we've all lost out? I saw some updstes over at Quiapeg over last few weeks which were interesting to say the least...

Thank you for your responses. aloosemarble.

I guess this goes to show the nature of the man Tony Burt and how he has got himself added to the pariah list for future investments.

I do wish it were possible these directors were made to repay their earnings for overseeing such an absolute shambles. There's a public video of TB lieing through his teeth before (or during) this going bust, and what made me smile especially, is the company who he used for the interview are on the list of creditors awaiting some form of proceeds from the liquidation!

Couldn't make this up!

Agreed Going Gone.

One transformational announcement is all it takes and when an SP is down in the doldrums, that's usually when they occur.

A wise man once said, be greedy when others are fearful!