Member Info for pawnsacrifice

Its only standard language for co.s about to do an equity finance raise and no not a troll just someone looking at financials to see what the score is.
Its not good either is it?
"As at 31 December 2018 the Group's financial resources were £168,000 as well as £900,000 unutilised short-term loan facility, whilst current cash liabilities were £2,120,000 (non-cash current liabilities of £1,487,000). The unutilised portion of the loan facility is to be drawn down in three quarterly instalments."

They may well start diluting on any spike and as any aim trader knows that kills the sp just ask those who tried to make cash out of WDC.

Be careful. Death Spiral Finance Alert.
Could be a lot more shares out there soon as they go down this path.

The Company has been in discussions with a number of parties interested in providing equity financing to GCM. Over the next six months the Company will seek new investment to strengthen GCM's financial position and provide future funding. Until such time, there remains a material uncertainty which may cast doubt as to the Group's ability to continue as a going concern. The directors remain confident that sufficient funding will be obtained as and when required. As such the financial statements have been prepared on a going concern basis. Please refer to the accounting policy note on going concern (page 8) for further information.

I had to sell up on the placing news. Couldn't believe what i was reading for further down the line this year..

Shareholders and investors should note that the net proceeds of the Subscription and Placing are not expected to provide the Company with 12 months of working capital.
In addition to the Fundraise, the Company is exploring a variety of additional sources of funding and longer term funding arrangements, including discussions with potential licensees, grants, strategic investors, soft loans and an equity draw down facility. Discussions are ongoing across funding arrangements and further announcements will be made as and when required

"equity drawdown facility" otherwise known as Death Spiral Finance. Does anyone know of an aim co. thats suggested they may use this share destroying means of finance and not use it?
None come to mind. Wonder how many billions of shares this one will end up with.
WDC2.

Thanks marineville, appreciated. Hope for the holders theres a decent forward looking statement to drive some interest on results day. would be good to see.
ATB,

watching this morning but took it the muted rise (and sellers) was down to the results in a few days expected to be not so good?

Bit concerned by the fact this plaing only takes them to Q3 at which point they're talking about the possibility of death spiral finance.

"In addition to the Fundraise, the Company is exploring a variety of additional sources of funding and longer term funding arrangements, including discussions with potential licensees, grants, strategic investors, soft loans and an equity draw down facility. Discussions are ongoing across funding arrangements and further announcements will be made as and when required."

an equity drawdown facility is the bane of the aim trader isn't it?

Something brewing. Would the Chiese buy them if they thought it was to go ahead?

"minnow" apologies.

ten percents stuff all for an aim moinnow isn't it?
eighty might have been an issue though, lol

No they weren't LB they were spikes being effected by dilution.
Anyone with advfn can check for themselves.

Not really showing up in the drops yet its the spikes this dilution is effecting for now.
First spike was 1.41 followed by 1.33 then 1.26, with a 0 .87 then 0.67 following and finally the 0.52. (advfn short term charting)
If they don't pull a real rabbit out the hat soon newswise should see support hit too as tired traders give up trying to make cash here .
Hope you get that rabbit!

Believe the percentage reduction is due to the recent share issue to Georgian Oil and Gas Limited not Miton selling.
If you check the TR1 it states its an event changed the percentage not any trading by Miton

I was rather hoping coldspy was going to be right too.
Oh well.

Wondered if that was so about the penalties. They're not part of the bond agreement they're additional to it? Makes quite a difference to the amount of dilution if so.
Also surprised at the execution price, Thought it was to have gone up after Friday yet this was 0.25p too?
Some answers needed and needed before the next round of bonds issued.

jace its because they dumped their holding and then converted another lot 158m odd ready to offload again. Thats why the marketcap and shares in issue is rising so quickly.
Little surprised with Align.
19,2 million shares just for putting out buy notes seems easy money
How do we get paid to do that?

Well respect to SP Angel for their view but it looks like the infrasructures being prepared already.
Still researching but take it this is the right area?

https://www.business-standard.com/article/news-cm/cabinet-approves-dhubri-phulbari-four-lane-bridge-construction-over-river-brahmaputra-119030100396_1.html

Sent them an email will let peeps know if /when they reply.

Yes it does thanks thing is in the original agreement its stated that

"WideCells Group has entered into an agreement with the Investor in relation to the issue by the Group (the 'Bond Issue') to the Investor (or its affiliates) of convertible bonds (the 'Bonds') with warrants attached for a principal amount of up to £2,700,000"

and that "Principle amount" is in todays RNS re the £115,000 for the shares issued due to the agreement.
I might be wrong, have been before but the penalty shares may be something else altogether which is worrying for dilution.
Is there a quick way of finding this out?

OR ARE YOU ALL BLUSTER.

DOES ANYBODY ON THE BOARD ACTUALLY KNOW WHAT THE PENALTY PAYMENTS ARE ABOUT?