Member Info for Mumbo_Jumbo

there is little free cashflow almost 4 years on.

the CEO is a control freak man child.

That is two for starters.

fat good that listing was then!!... The situation is far more precarious than even I had imagined. best get some good data out and raise some cash soon.

matty56 - I am happy to go along with that if that's the convention in these type pf negotiations. But, I don't think NCM will make exceptions, my point is that if you and I were to buy something, you will want to pay for what is there and not what might be. that is why you have resource estimates.

Didn't realise they were burning through cash so fast!!

well it gives us a valuation point and the SP will reflect that.

Hosai - as a private entity. since then we everyone knows a lot more about the company and the man child ceo.

I am hoping the $ is actually US and not Aussie.

chester - that is an interesting point and I h ave been trying to get my head around. What information will be used to inform the 5% valuation. To me, if results are still pending then they cannot be included.

I will buy when bojo does :)

Manfromuruguay - what is your hunch for the 5% valuation they will offer?

magnum - No, they have to accept the offer one way or another.

PaddyGal - Ok got you.

Lenz - Thats not my aim, I am just thinking out loud my simple logic and trying to decide whether to throw money in here or not. For example if the SP can go up to say 20-25 in the short term, whether I buy at 13, 14, 15 or even 16, its a very good return regardless. But then it is prudent to also think about the downside, as nothing is ever guaranteed. If it was, will all be Warren Buffet.

Paddygal - Interesting point you make about LTH would love to increase share at much lower levels. This suggests that they believe it is over valued currently or that the share price is likely to come down in the short term.

I agree long term this will be at much level if you have the patience to see it through.

Hydrogen - just breathe ... relax!! You do realise that the SP ran up to 20 odd before the placing at 14.5. The institutions can make the money on the way up and down before they lend it to you.

licker - you might want to see the cvs of those individuals at PWC. The very best of the crop academically. It is a very competitive process.

What may also surprise you is the average age of a successful tech start up.

Point is not age, but they have to be demonstrably good enough for the role. If they are forever grateful to MM for elevating them out of nowhere than they will rubber stamp every thing MM does and that is exactly what has been happening thus far.

There is no one to hold him accountable or challenge him. And that is one of the biggest issues here.

As someone looking from he outside pondering about putting money in here, I believe the 5% sale will set a ceiling on the SP for quite a while. My reservation and simple logic is that the 5% must be valued at more than £130-£150 million for it to support the SP at current levels and £200 million + for it to support much high SP. Also with the same simple logic, if the valuation does not achieve the minimum value then the SP has to fall to reflect that value that that has been ascribed to it officially at that point in time.

So is this the reason why shorts are being opened or SP is trending downwards, that the market thinks that the 5% valuation will prove the current mcap to be over valued.

£50 million - £100 million - drop of upto 40-50% of current levels.
£200 million + - Increase of upto 40-50% of current levels.

*and their flagship product

mando - do you work for thg? I was referring to employees creating hype to influence share price.

Very peculiar and stands out quite conspicuously if you go through on LinkedIn. It seems that this is the modus operandi of the CEPO in ensuring loyalty and no challenge from the senior team. No wonder then the CEO does what he likes and behave like a man child as everyone around him is thankful to him for the big jump in their careers.

The latest example is the CTO.... a low ranking software manager at Amazon promoted to CTO of THG, their flagship product.

To create hype. I wonder how many have shares in the business.

He was a software development manager at Amazon till 2021…. seriously?

This is how the CEO operates, deliberately appoints underwhelming candidates into high positions so that no one is able to challenge him.