Member Info for ojls

1.60p - Achieved in June
3.00p - Based on £3m nominal value of cash shell (most currently listed are much more)
5.00p - We are all entitled to an opinion. Sometimes our opinions are right/wrong. Only time will tell.

the 3p nominal value for a cash shell but it leaves plenty of space for a big (multibag) rise when RTO confirmation arrives (at which point north of 5p is entirely possible).

I cant believe some holders are selling into that spread.
MM's clearly see value up at 1.24+ but sells are being processed at a 20% discount. Ouch.

Now we have an RNS confirming that the RTO DD is continuing and that the Sssig exclusivity arrangement has been extended, I wonder if we may see a more steady rise back to the 1.60 mark (similar to early June). 1.60 is a long way under the 3p nominal value for a cash shell but it leaves plenty of space for a big (multibag) rise when RTO confirmation arrives (at which point north of 5p is entirely possible).

Anyone attempting to sow seeds of doubt after today's RNS has either not been following CZN for long or doesn't understand how careful companies have to be about making promises to shareholders. They are simply not able to present assumptions / potential outcomes to ensure they dont get hammered by the FCA.

"The parties remain positive regarding a potential transaction and, following the conclusion of due diligence, the next steps envisaged would involve agreement on terms and then progression to definitive transaction documentation.

While the parties continue to work constructively towards a potential transaction, there can be no certainty that due diligence when complete will be positive, nor to be able to predict the length of time required to reach definitive agreement, or the likelihood of concluding a successful transaction. "

Real Ask - 1.34 Real Bid - 1.17
I get that the RNS indicates a slight delay on the RTO confirmation but why do retail investors give their shares away so easily. So few shares in circulation if everyone held on we would be north of 2p pretty sharpish.

Its possible but unlikely. In most cases organisations can continue to trade throughout the process.

It may sound a bit daft but I am hoping they release the news after lunch and allow the SP to climb/level a little in the morning to build a stable base.
The alternative is likely to be a straight line rise to 3p or more which may come at the cost of some short term volatility.

Fingers crossed you get a reply.
I have called SK, Optiva and SP Angel in the last 24 hours and cant get a straight answer from anyone. Perhaps no news is good news as I know they will likely be very careful about what they give away to retail investors.

Nice. It looks like the MM's finally found some shares down the back of the sofa :)
CZN is strangely still under the radar despite the fact it could multi-bag in days.

My broker probably thinks I have lost the plot as I have acquired a decent size holding that has had to be bought in small chunks in the last few weeks to avoid MM's either hiking the price or offering NT.

And just like that... I cant even get a quote £200 worth of shares. I guess someone else is loading up and taking any cheap shares (if the MMs have any available?).

I was half expecting an RNS this morning but it looks like the BoD are in no hurry. Hopefully holders can maintain their position today while the MMs no doubt try and pick up shares on the cheap while they still can.

Fortunately for some of the more recent buyers CZN has remained firmly off the radar.
£1m market cap will soon be history and the heard will arrive. We just need the magic RNS (looks like we will be waiting until Monday morning).

Looks like no-one wants to blink first.
It certainly says a lot about the confidence of existing holders not wiling to let shares go cheap. RTO news due between now and Monday. As short wait for potentially very big rewards.

I have opted-in to the purchase this morning with the shares due to be allocated on the 10th July.
Opt-in date could be a tad later depending on the broker as mine only published the option to purchase shares this morning.

It looks like Share Centre have finally published the open offer opt-in on their website. Cant grumble about a few more going in the pot.

No pump required. Potentially just a pick up in interest with buyers taking positions ahead of RTO news.
It doesn't take much digging to connect the dots on existing partnerships and the potential for a multibag on the next couple of RNSs.

Given the DD on the RTO was nearly complete a few weeks ago and the exclusively arrangement expires at the end of June you would hope an RNS lands this week. To 3p and beyond :)

Everything above 1.02 today was a buy. I get the impression Monecor are still building up their pot, hence why the MM's didnt take the SP higher when the buying activity warmed up a bit.
Similar happened a few weeks ago shortly before they fired the SP up to 1.70 (all be it without a decent II onboard).

Until RTO news lands intra-day movement matters very little. That said, it is now clear that an II is loading up and potentially has a very good idea of how things are going to progress.(You don't take 5.5% stake in a business unless you are confident of a return - especially if it is the II's particular area of expertise)

Also take a look at the deliberate delay in getting the TR1 out (Threshold crossed on the 10th with no previous position declared over 3%). Monecor know that their buy-in would push the SP upwards given very little research quickly gives away exactly what is going on.
It would seem that at this point the news has gone under the radar but it wont be for long.
I don't think I have ever been this confident of a multi-bag!