Member Info for ojls

To those jumping into the chat for the first time today to see a smattering of "to the moon" style predictions, be aware that the board are responsible for a multi year trading suspension, several failed RTOs and the complete write off of assets worth tens of millions! (all while taking hefty salaries)

Long term holders have waited years only to be threatened with liquidation or a dilution so massive it would take a 2000% for most to break even! (they got the latter)

if the "opinion box" had a free text option it would be "RUN A MILE"

I am quietly hoping there has been some conversations with potential RTO candidates so that the new BoD can move quickly once the debts have been settled. Seems little point in bringing us back from the dead to then rinse and repeat the last 2 years.

2 months since the threat of liquidation and not a single update. Really?!

Absolute s**t show!

In short: one of the creditors has refused the restructure/offer so the last option is to push towards liquidation in which everyone loses out! Sounds fair!

"The Company is targeting the publication of the 2023 Annual Report in May 2024 but this is conditional upon the Company completing the Corporate Restructuring. There is currently no certainty that the Company will be able to complete the Corporate Restructuring as this process is dependent on reaching agreement with all the Company's creditors."

2 days left in May and no follow up RNS. My fingers are crossed but leaving it this late doesn't suggest that everything is going as planned!

I guess a broken clock is right twice a day!

Happy to see a positive response to the RNS (which is well deserved given how the business has progressed).

Fingers crossed the SP will settle above 3p with a bit of volume and push on from there.

Its a very non-committal RNS that seeks to simply bury the fact that the accounts are going to be late and there is no cash.

Fully expecting the shares to come back to the market with some hefty dilution involved as the only way to clear the debts would be to offer out shares in the absence of any actual money (Unless someone is going to buy Coos Bay for the £x millions sunk into it?)

2p - maybe.

1p - no chance.

We are only a few days away from 2023 results which in theory should be positive given what was covered in yesterdays RNS.

A reversal back towards 3p wouldn't be surprising given the news cycle and trading patterns in January and March. We also now have the benefit of Board Members absorbing a volume of shares in recent months and I doubt they will want to take a kicking on a big drop.

Somewhat of a harsh response from the market after what again appears to be positive news (and the dangling carrot of results and shareholder presentation).

Yet again the MCAP is worth less than the value of the secured business and ten times less than the business that has been quoted for!

Someone must have been loading up earlier in the week as I was able to get a quote to sell a decent volume.

Take a look at the RNS on the 7th March. The Bod set an exercise price of 5p on the share options issued. It gives you some idea of what the BoD are aiming for! (hence why the volume is getting absorbed pretty quickly every time the sellers are willing to offload a few shares).

Nice little dangling carrot for Shareholders" The 90 acre growing site is one of the clients larger sites with plans to double it's size"

Just shows the scalability of decent agri tech and #LST clearly have some mega products that work.

Blimey. I'm a few days late to the party but this looks promising (or at least better than nothing). Why would the BoD appoint a new broker? (in particular now, after years of.......nothing)

All in good time :)

Its nice to see an appointment with some skin in the game, plus what looks to be a nailed on strategy. Time will tell but its clear that the BoD are confident of some significant growth (see share options and exercise price given).

Interesting trading going on over the last few days. Lots of small retail sells getting hoovered up by £5k (or more) buys. MM's also seem happy to take decent volume on dummy sells so I wonder if we might see another TR1 at some point (all speculation of course but it does seem like one of more buyers see good value at these levels).

Hi Techtonic.

Both good points. I agree that the contract news has been a little underwhelming. Its clear that the business is growing but I guess new investors are looking for some real big ticket wins (hopefully the wait wont be too long).

In regards to their cash position, I would be surprised to see another fund raise. The whole point of the Tom-Tech and Fire-barrier acquisitions was that they produce income from the off to avoid the BoD coming to holders with cap in hand (Although I could be completely wrong)

Happy to hold and see how things unfold.

The last few RNSs have been hit after hit with clear growth, increased margins and new sectors being opened up.

I just wonder when the market is going to clock what is going on.

It looks like someone is accumulating shares again in £5k chunks after seeing the trading update.

BoD are clearly confident of a nice jump into profit this year and the order book is worth significantly more than the MCAP.

As far as I can see it. If you are buying at sub 4p you will do just fine in the next 12 months.

Little tree shake pre news or retail traders selling a few shares to fund Christmas shopping?

In my opinion there is no good reason to sell given the last few RNS's. In fact I am bit surprised that the SP hasn't risen in anticipation of the next trading update.

Another cash generating acquisition that helps build a healthy balance sheet.

MCAP still sat at a very modest 10.8m, presenting significant upside for new investors looking in. I am surprised we are sat at the current levels (circa 3p) given the news has been tip top in every RNS over last couple of months.