Member Info for Okehurst1

What’s their next move ?

Place 10% ? Which they have authority to do.

Convertible Loan Note - that’s coming, borrowing a fixed amount of cash each month and paying in discounted shares, the so called ‘death spiral ‘

TW,

Tbf Marik did apologise, he was late to the game, we were all battle weary but battle hardened to the bull off the BoD

Me to, just sold last 55,000 @ 4.6P

Lesson learnt, lost £40,000 all in

Just wondering ….

They sold Alva as Going Concern after losing almost £5M in 9 months

They want to replicate Alva by Jags house for £1.5M to manufacture a product that made only £137k of sales in 2021 and when they say we cannot compete with the Chinese and we are now going to outsource

Worth noting the £5M lost over 9 months is the same value via the placing

How anyone could vote Yes and give these jokers more hard earned cash for their £200,000 p/a packages ?

Trader

Nice touch to Kate, liked that.

Why didn’t they tell us ?

They made out with EU HUA they would be selling into EU and they even said AFTER gaining EU HUA in January they would be using consultants to identify opportunities but all along they were ‘ bailing ‘ at Alva for £600K net

Surely this is misrepresenting the situation / facts and materially ?

Redcentric directors just got 3 years for similar

Omega under this BoD have become a ‘ Greek Tragedy’

Everybody loses when they deal with them

Captain

Can’t see any Spiv fulfilling their allotment, they won’t hand over the cash, it has to be pulled surely ?

Good synopsis Jaf

Can’t see how the £7M raise can go ahead, the Spivs will have been watching this, no way could they back this crew

Plus they are going to lose 20% to 35% of their capital

Let’s hope we get an offer for the remaining business and the bidders go over the BoD head direct to the owners - us
These jokers are not going to deliver

The accumulated tax losses have a value, plus Health / Nutrition, my shares are a sunken cost to me now, it’s been a big ( painful ) lesson

‘Dead men walking ‘

Spot on

Stacks with our debates on cash burn after the interims

It wasn’t for inventory it was ours cash burn at Alva

And they want to reproduce Alva in Ely and CD4 is loss making ?

These guys are shockingly bad business men, it’s embarrassing

Invested £12M of our cash in capacity

But forgot about a sales team

They must think we think are right Mugs

He says ‘ your new Board’

They are beyond belief the way they treat the shareholders

https://twitter.com/jaftrade/status/1496833367475687426?s=10

Mrs S

IF THG dispose of Nutrition at a price that has been muted between £1.5B plus £2B then it’s job done cash wise

THG could drop £250M into Ignition then spin off onto Nasdaq market and £raise over there as separate entity?

Leave Beauty as is, they could top up their cash by £250M and then a special dividend on the balance

Btw Don’t disagree in principle with your thesis on the cash front as it stands today but THG do have options

Assume not all the Spivs would have a naked short, would anyone actually pay 5p for something that will be worth 4p or even 3.5p? The £5M could be worth £3.5M

It wasn’t supposed to be this way for the Spivs, it was a chance to buy in at 5p when the share price was 15p and spin it

This is why the BoD lied to us all at the time ,they needed the share price higher to give away the business to the Spivs at 5p

Problem now for the Spivs is that they are 100% going to lose money not make $$$

Welcome to our world when dealing with the Omega BoD

…. You would have to be really really Dumb to buy at 5p your going to lose 20% to 35% on this trade

This BoD burn anyone they take £cash off , be warned

We will be 4p BID at best IF this joke BoD get this away

That’s a 20% loss, these guys will drop £1M day 1

The Omega BoD hold no equity stake of note, they won’t lose anything, they just have £11M to pay themselves

Even the Spivs are not that Dumb