Member Info for Myfairlady

Because the £100 isn't certain and no-one really knows whether what remains will ever be profitable businesses.

Spikey - makes sense....apart from the fact that in the recent Quob blog on 2 Nov, they said that they had offered £500k investment as part of the placing and DAN said no thanks, we have other options I wonder if they will revisit that decision.

Good summary. To be even more precise, the 90p is guaranteed subject to court approval whereas the 10p payment, that becomes £1, is the current intention of the Board and more information will be provided about that next year

Ssb - you're ignoring the capital return. The most anyone can lose at current price is about 80p!

Spikey - that's a generous interpretation. I can only think of one reason why a £25k punter would insist on shares in a suspends company that I struggling to get its placing away........ He'd already sold them and was now buggered in trying to settle as the market is suspended. Cue 6 weeks of wrangling over the legalities of a signed placing letter. Looks like he won though!

Yep - well 80p as they are doing a 10 for 1 consolidation at the same time

Yes - anyone buying until 17 Dec will get it

And there's the placing

It's going to be the same in % terms

Kabaa - I was being sarcastic. The current bid is 1.5 although there has only been one trade since last Wednesday of about £7k so pretty illiquid - their money is pretty stuck for the time being

just from the cashflow statement in the results although part of that may be £500k if that was paid upfront - still looks like current run-rate cash burn of closer to £200k per month, which I agree will reduce as sales grow

just like tradingstock 247 used to - where did he go anyway ;}

Guess - not sure I follow, if you're going to flog your shares straight after the divi, why not do it now when there's less people heading for the door so at least you know what you get.

I guess the markets were't expecting £1.65m cash outflow in 6 months - puts the £1.2m in the bank in perspective

Agreed - so one could make a case of current run-rate of close to break-even or maybe I'm being over optimistic

Good point, I'd forgotten the options payment so not as bad as I had thought

So the Board estimates that there will be an approximate £20m cash outflow in H2 - important to see what their plans are for the rest of the business and how they will turn them around

correct

Zinky - fair enough, you may be right. In which case, their clients must be thrilled!

Spikey I was being partly serious, by selling at 3.35, he will book about £400k profit in Quob which helps with his fund raising efforts.