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Appreciate that Guitarman001, I have a session guitarist friends who normally changes the set up according to the guitar, not that I really need it, I'm still learning scales. But the PRS translucent blue will really for the room I intend it to go in.
As for Jan, I feel the RNS has conditioned the holders for no news until April, that's just how I interpret it, I may be wrong. The strategy change I see as a change in the way the project will be funded, and the FB and CB ideas will both be dropped.
If it is Jan, I'll certainly miss out on a good trade, so I'll be an unhappy trader.
Peakhope, if the pessimistic comment is related to me, yes, I'm pessimistic, and that has certainly served me well so far! In fact, the pessimism has allowed me to considerably increase my trading income. The revenue estimation forecast includes TF half year results, so there really is nothing to write home about there! The April (September, because AZ will miss his self imposed deadline) financials will be the first true look at the profitability of TF.
I've spent a lot of time researching the executives of the business, that is why when I say I see Jim Coyle as the saviour of this company, I purposely never mention a another person who a lot of people hold in high regard, I don't! And I'll leave it there.
Whoa there Guitarman001
I'm not comfortable in any way being named as in agreement for 1bn equals 1p SP.
With the latest RNS, you have to apply at least another 4 CLN conversations at the .12 mark, minimum. Then you need to factor in AZ has pretty much given Mercator and Traders license to play with the SP until end of April. The April date is ridiculous too as no need for that self imposed deadline, when he has until end of September to deliver what's said.
I think it's pretty much a certainty now that further funds are forthcoming to net off cash burn, so you have to put a best guess figure in for further dilution, but I'd say £3m to £5m at a prudent (complete) guess.
Add on to that that even if he does get an IM this year, POC will not be until 2023, which is another kick in the sweet spot, I can honestly say that all LTHs have been completely and utterly let down by AZ, and how he is still holding on to his position is a complete mockery of anyone who's held and supported this company.
I acknowledge though, that you do have the ability to work out calculations and are not one of the baseless rampers that pollute this board, we may differ in views, but I believe if we were face to face, we could learn and discuss investments from each other, so that's why I have respect for your input.
I truly hope JC turns it round for the holders here, for the long standing support you've given the company, most deserve the break.
I'm still trading, I know people don't like that, but it's pretty much a license to print money at moment, that needs to stop, even if it is at the detriment of my trading balance lol. My next guaranteed trade will be purchase mid April, sell April 29th. Other opportunities may present themselves before that.
On a side note, I play the guitar, extremely badly. I'm looking at getting a PRS custom 24 quilt top, mainly because I like the blue colour, any good?
Volume isn't there at present to justify the trade, I thought excitement driven purchases on expectant first IM would start about now, and it just isn't there. It may come in next few days but I'm also very wary of further funding news which may come before also. It is a very tricky trade so I need some markers to start showing.
Also, lots of other tradable shares at moment too, and I'm watching and waiting to see which one goes first.
Negma initial CLN funder, agreement paid off using Mercator, who are the new CLN funder.
Loan repayments can be paid monthly with either cash (if company achieves revenue in order to pay the agreed monthly amount), or through share issue at lowest VWAP.
Mercator want shares rather than funds as this enables them to increase the revenue amounts to them through forward selling and rely on volume. The loan was for working capital purposes, but with cash burn, the company needs turnover asap or will need to look for further funding avenues. There is an agreement on a further £2m loan, but that has gone quiet at present.
The honest answer is trust.
The market doesn't like unknowns, so even though this doesn't seem to involve SYME, the due diligence and standards of work of the CEO and the people who assisted the rto valuations (especially after the impairment debacle) will be called into question.
The market will naturally be thinking, is there anything else left to uncover, and unfortunately for LTHs, you'll have to carry that burden until all is ticked and bashed and I guess the new chairman is happy with the clean slate. Its a further nail in the coffin for AZ though, as this shouldn't happen to a 'financial guru' CEO.
Any way, time to put the decorations up, not a fun job because i'm rubbish with my hands. I'm just not that....
dexterous
Have a good Sunday all, off now as better things to do than plan my trading week.
So my Monday morning perusal of the board, and wow, i'm mentioned a lot (on a Saturday night of all times, I prefer a nice meal, a good bottle of wine etc but each to their own). So who out of my filter fab five is it. Ah, SteveK, and his incessant fascination with EY or E&Y. Lets put this argument to bed shall we, I'm sure the board are don't need to constantly read it.
Link below, the statutory data for Ernst and Young
https://find-and-update.company-information.service.gov.uk/company/OC300001
If you click on 'filling history', then tick accounts, you see the document the BOD of E&Y and their associated auditors (BDO, yes the big four have to be independently audited too) have produced. The first words are the company name.
Argument over, and in showbiz, that's probably a mic drop.
No problem with anyone being a binman, why would I? However, I don't believe that's the correct term for the career anymore.
A bit like calling a car detailer a car washer, its a degrading term ,eh Steve.
Loving the insults by the way guys, what a great pastime for near 50 year olds and over to do.
Its when Bricktycoon, M38 Investor and Entropick are back that you know things are turning
"Buy, buy, buy, the billion dollar upside".... or whatever rambling he did in the Gerry days. That's for the ii old-timers
Interesting two RNS's, I was back in yesterday for punt money, and will be keeping a very close eye on the Tax issue, but certainly seems you have a much more proficient management team and happy to have these in the bottom drawer portfolio whilst the MCAP realigns itself.
Your going to have to explain that one to me a bit more.
There are potentially 12 conversions, second due/expected tomorrow. The only way they are finished is if further capital is raised, through new funding or revenue, both of which have not been announced.
Or are you just making it up!
Not sure who that is too, but I can understand Hallowed's frustration.
Baseless comments with wild and unrealistic price predictions just fuel the board and attract get rich quick merchants, who either won't stick around the share price for more than a week or two, causing unneeded volatility, or worse still, people who really are looking for a way to improve their financial positions and believe your ramblings, potentially gambling too much away.
How about you put some facts and figures behind your guesses, such as revenue expected, what the profit margin on that said revenue will be, relate that to the amount of IM you will have secured. Surely if your guessing prices, you would have done that exercise already?
Whilst I think the thread was started for no other reason than to start an argument, if you consider profits of £3.9m for calender year 2022 would be sufficient for anything even near 10p, then your definitely smoking some good stuff!!
The CLN is likely to convert, plus probable placing before year end 2021, your looking at minimum 40bn shares in issue Dec 2022. So even getting back to 0.008 would be market cap of £320m.
0.1 would be 3.5bn market cap, you need a lot more profit tha. £3.9m for that!!
I'll go 0.0012 based on placing.
Parm
Email address as promised
Napalm012
@
Proton mail
Dot
Com
Please email first, use a complete random word for the heading, 5 minutes later put that random word on this board.
Apologies took so long, I don't understand burners and VPN stuff as not a techie and asked my tech guy to get it sorted.
I don't care about your shareholding Parm, we'll debate, and I'll even do the right thing, ensuring faces are covered for identity, we'll put it on social media as a live stream and then all the LTHs can listen to your side and responses to what I believe.
MikJnN
You mean this trade in September, direct quote below from 21st September, in my history
I intend to buy some shares on Friday 24th at approx. 8:30, and I intend to sell the said shares on Wednesday 29th at approx. 4:20pm
You tell me, did I call it right?
Parm
Fine by me, I'll sort out a throwaway email, post it on here and we'll get in contact.
You think being in the service scares me lol. I would never threaten anyone online as I don't know their size, training, capabilities etc, and so it would make me look pretty thick to do so. But I've always believed in good physical training and learnings, kind of where my username come from.
Maybe I can also get some double glazing whilst I'm there.
Parm
I mean this as it sounds
You couldn't be more beneath me if you tried.
Serving means jack s in the investing world, it was your chosen career, want brownie points, go to a vets get together.
Go and get your cuddle from John if that's what you need.