Member Info for Newuncle

Nice find ta.

Reckon you could estimate tnt plc current cash position after they raised £10m earlier this year. Must be fair chunk still in the bank surely.

What it will cost the buyers in cash to buy the 20 or 30% of retail shares?

$25m funding, never happened

OTC listing, never happened

Roadmap updates, never happened

Improved accounts published on time, never happened

CLIN.....add your own words

Suspension...as above

Takeover......clearly opportunistic and some might say engineered, I couldn't possibly comment though.....

Unfortunately look around AIM and it's common enough.

What annoys me is the utter hypocrisy and bs fed to shareholders.

Anyone want to try to show companies Market Caps relate to the actual performance etc. From what I can see elsewhere companies trade on multiples of income alone and yet CSFS is currently at @1:1 parity. Just don't look right, so what am I missing and more importantly, why isn't the market seeing the value?

BASCOMBE, Andrew Max, Correspondence address, Building X92, Old Ively Road, Farnborough, England, GU14 0LX

Role ACTIVE Director

Date of birth July 1958

Appointed on 1 September 2023

Nationality British

Country of residence England

Occupation Accountant

Now look at the DoB given and then google search Andrew Bascombe FT and look at the age he was at the time re the DoB above......must be a co-incidence and surely not the same man, couldn't be could it? Nah not possible. Must be another one out there.

Remember this was who the CLIN was provided via:

Fintech Leaders Fund, LLC

Now look at who's registered in the takeover vehicle as a "Director":

08 Sep 2023 Appointment of Cfp Fintech Llc as a director on 8 September 2023

Address: 750 East Main Street, Suite 600, Stamford, Delaware CT09602, United States

This is not over yet, alot of very interesting information out there now about one of the bidders, dyor, think you will be shocked at what you find.

Cornerstone's Revenue Soars 90% as Forex Provider Beats Market Forecasts https://www.financemagnates.com/fintech/cornerstones-revenue-soars-90-as-forex-provider-beats-market-forecasts/ #finance_magnates #fm via @finance_magnates

The Proposal, if it was to proceed to a formal offer, is subject to the satisfaction or waiver of a number of customary pre-conditions, including satisfactory completion of due diligence and the finalisation and documentation of financing for the transaction.

Why is a waiver required for any due diligence of the proposed financing of the acquisition? I mean they could say they have the cash to buy TNT but not having to prove it, well......

" with backing from other existing non-management shareholders of Tintra"

Looks like the Tintra Foundation and the HNWI holders to me? Clearly others have been consulted about the deal way before it was published.

Wonder why?

99% sure it won't relist to avoid any chance of the SP moving above the 150p offer price, reckon the offer will be confirmed well before the due date for the accounts to be published. Then people will see how the offer is set up if they want to retain their holdings and move them to the new co. Don't forget the offer didn't just drop out of a clear blue sky did it?

"Following a period of lengthy and extensive negotiations"

"To acquire the entire issued, and to be issued, share capital of the Company"

I wonder what they mean by "and to be issued", ie what other little tricks have they got lined up here to make sure all goes smoothly?

This has been in the works for some time already so they already know how this will be structured, just got to follow the formalities required.

The board of directors (the "Board") of Tintra, the rapidly innovating Deep Tech & Banking business, announces that, following a period of lengthy and extensive negotiations, it has reached an in principle agreement on the terms of a possible cash offer by LRB 35 Limited ("LRB"), an unquoted special purpose vehicle formed for this purpose, currently controlled by its directors, Tariq Al Abdulla and Andrew Bascombe, but with backing from other existing non-management shareholders of Tintra, to acquire the entire issued, and to be issued, share capital of the Company.

+14% with buying

From proactive

Cornerstone FS PLC (AIM:CSFS)'s share price surged 13% as the company announced that its full-year 2023 results are set to significantly exceed market expectations, marking its first year of positive adjusted EBITDA.

The foreign exchange and payments solutions specialist reported a 90% increase in revenue to £3.6 million for the first half of 2023, attributing the growth to expanded payment capabilities and investment in sales.

The company also achieved its first half-year adjusted EBITDA of £200,000, a notable turnaround from a £500,000 loss in H1-2022. Operational highlights include a rise in revenue from direct clients to 91% and an increase in active customers to 874.

CEO James Hickman cited strong trading momentum and expressed confidence in the company's funding position.

At 9.04 am, the shares were changing hands for 13.28p, up 1.53p,

Why don't you ask the question on the meet the investors meeting today at 11am, open to anyone.

#csfs Fantastic results.

Profitable on all fronts: EBITDA positive, PBT positive, cashflow positive

And best of all:

‘the Group now expects to report results for its full year 2023 significantly ahead of market expectations’

Fantastic update

7am RNS for Interims followed by 11am Meet The Investors Broadcast and then no doubt interview with Proactive and maybe a broker note from Shore Capital the new house broker.

LOFL....Jiffy said CSFS was a red flag due to lack of posters posting, look at this one, it'sfull to the brim of posts but has become a f***ing joke now and pointless except for personal point scoring 24/7, I'm sure many here must be pretty p***ed off with it all by now, yet another PBB ruined and no better than advfn where trolls rule the roost. What a shame.

IMO he was never very good at being a CEO of a plc in the first place and it showed again and again.

Now the business will go where he always wanted to go, into private hands where no rules apply.

He used the plc for a specific purpose and now that's been exhausted he is doing exactly what many others have done before for the benefit of a very exclusive few in the future.

These same ME buyers could have easily given the cash needed by TNT plc to restore the value of the business back to pre CLIN levels once accounts were published, how convenient is it that all that will be avoided now.

HH,

Pretty blatant smash and grab by ME partners.

Pretty sure same paid £11.98 previously and now this low ball offer following the debacle of this company refusing to honour its contract with the CLIN who bailed them out when they were desperate for cash and the pathetic excuses for delayed accounts (I mean who can audit a set of accounts with zero incomes other than cash raised by a couple of HNWI).

Whole thing smacks of parties doing this deal to suit themselves and AIM just used to get HNWI on board etc and now happy to accept a £23m offer the whole company.

Disgraceful but proves yet again that most management will do what suits them every time.