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As a longstanding/suffering shareholder, who remains heavily underwater, I am of course happy with the markets reaction to today's corporate news, but, we have seen it all before here.
The RNS fails to give any information as to how much we are to pay for PAYPT, nor indeed how we are to pay. Can we expect further shareholder dilution?
Does anybody know who PAYPT Finance Ltd are?
How long have they held their licence?
Do they have a trading record, and if so, do they make a profit?
We are in a fairly complex business, that is rightly heavily regulated, undoubtedly the failure of our sandbox application was a blow, but there is more than one way to skin a cat, (apologies to cat owners/animal lovers), with luck, the piecemeal bolt on acquisitions being made, will deliver the financial giant we hope for.
1. Loam are an Investment company doing what any investor should do, reviewing their portfolio, evaluating the changing situation/s, and acting accordingly. With such a large holding, I assume they are reducing at a profit, thus de-risking the balance of their holding by lowering the average cost. One can reasonably assume that they have/are doing so on the basis (a); that they are happy with the profit made, (b); their assumptions in respect of the settlement, whatever that might be.2. There is NO Kudos in protecting the integrity of your IP, if you end up allowing the spoils to slip through your fingers on the winners podium. Given that Nanoco's immediate post settlement future will be in similar 'IP' developments, one can only hope that lessons have been learned.
You are the 'fool'.
Guess it's a bit difficult to argue with the companies own official explanation as to why share options were surrendered, at the peek, and whilst the company was involved in ongoing negotiations.
Same with official RNS's re the AAL JV, all the details are out there, just awaiting DD.
Having sold my 'mahoosive holding,' upon which I admit I lost a mahoosive amount of money, I still check in to see how the company is fairing. Interestingly, although I sold at a loss, my lowest price, on 31st March, was still higher than I could buy back in at today. Indeed, I believe sub 3p buys were possible just a few weeks ago, despite this incredible JV.
More importantly, nothings changed here*, the usual suspects are still ****ging off anybody with genuine 'concerns,' because such things are deemed to be negative.
*Not exactly true, they do FINALLY have the Casa money.
Funny that, the proposed JV with AAL is now old news, all the details are public knowledge and have been for some time. As for the surrender of options, that was announced on 16th March 2021 with the comment: 'The Company has taken that decision to reduce the potential dilutive impact which would arise from the exercise of share options in order to optimise the potential upside of its value per ordinary share of the Company'. Personally, I see NO indication that such an action was NECESSARY, necessary for whom?
Whilst it's good to see new funds coming into the company, giving us some leeway to drive exploration projects, I am at a loss to understand why warrants @2p were deemed necessary, especially in light of the enthusiasm for prospects at Molopo, and where fairly conclusive results should reasonably be expected sooner, rather than later.
As one of your 'perceived' culprits/trolls the reason I have, until now, vanished off this board is because, after 2+ years I sold my entire holding, and therefore felt it inappropriate to continue posting here, NO other reason.
From my very first post on this board, you were one of a group of posters who attacked every comment I made, simply because I raised doubt/concerns. For you, doubt/concern = De-ramping/negativity.
Over on the ADVFN board, somebody using the username fulmar29 made the following post on 06/05/2022:
Just don't like bullies (cyber or real) Never have done and never will put up with it, to me, my family or others.
If you are one and the same, you are a two faced hypocrite, full of crap.
Oh dear, here we go again, somebody shows some independent thinking that goes against the grain, or SeisNavs opinion, and suddenly they are marked down as disingenuous, an imposter.
Earlier, I was slated because I took care of business before posting I had sold shares, (which I have previously been accused of not even owning), my post appeared after the 15 minute delay, so of course, i'm a liar. So when I sold the next tranche of shares, I immediately posted the details for all to see, and I note that nobody has come back to cast doubt on that sale.
Rest assured that I am not Ella, I have NO known association with him/her, whoever they may be, but it is worth remembering that IF Ella is a shareholder, their participation on this board is perfectly legitimate, and nobody should assist the bullies/bigots in seeking to intimidate or embarass other contributors into silence.
Me, I would prefer to be left in peace as I busily saw my way through this branch..........Oops, I just realised, I'm sitting on the wrong side of the cut, oooops too late! Just joking Teaye72, I have a sense of humour and can see the funny side of your comment, even from behind my Tonto mask, ..........sorry, couldn't resist getting that one in, another little gem that genuinely made me laugth.
Anyway's, I have decided to stop posting on this board until such time as A deal, THE deal, or ANY deal is announced, and IF it affords me the opportunity to get out at a profit, you will never here from me again, UNLESS you happen to hold shares in any of the other companies I hold shares in.
I wish a genuine 'Good luck' to the decent viewers/contributors of this board, and IF you feel you want to make a comment, don't be put off by anything you read here.
No game, despite having sold three X 350,000 tranches* over the past two days, I still hold over 1m shares in ARCM, I am still aboard the boat, therefore my continued investment in ARCM will RISE or FALL alongside your own.
Quite simply, I have become bored with the 2+ year 'sale' of Casa, which has yet to result in ARC receiving any money, bored with the fact that the 2 X EA agreements with AAL failed to produce a deal, bored with the fact that despite maintaining contact with AAL, and despite removing the 'obstacle' to a deal, being a 'spurrious legal claim' that has cost the company over US$2m to dispose of, we still do not have 'a deal.'
Imagine if Casa were your house, which you were seeking to sell, how many of us would continue to negotiate with a buyer who had consistently failed to deliver over such a long time frame? I wager very few, if any.
I grew out of believing in Father Christmas, and after 2 years I have grown out of believing in the ARC board.
I have hedged my bets, and IF a deal emerges, I will benefit from it alongside every other shareholder, just because I am honest and upfront, and call it how I see it, it does not make me a liar, a deramper, or a troll, no more than anybody who consistently sings the boards praises, despite everything, should be deemed a ramper.
Nah, already been there, and got the t-shirt out of my profits.
Did you buy my latest 350,000 tranche from my original 2.2m holding that I apparently never held, according to all those with only POSITIVE thoughts?
Sorry about that, IF/when I sell the next tranche from my holding, my first priority will be to post confirmation of same on this board, rather than grasp an opportunity to buy a share that might make me some money.
Problem is, too many people here disbelieve ANY/ EVERYTHING that does not fit THEIR agenda.