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@PatientInvestor
Diversify: Never have more than 20% of your portfolio in penny shares. Buy at least some Gold, Bonds, less volatile stuff on the other side to balance. Solid equity with Divis or Managed funds in the middle.
Share price here will now drift back towards 5p, THX merger will ultimately land maybe but without cash, THX have been trying to raise for over two years and never delivered. There is ZERO proof of funds anywhere and let’s face it it’s not easy to miss 60m plus’s is it? and VAL would certainly be shouting about it now if it were true.
Next main event will be the placing resolutions and EGM for the 4p Placing. Watch this space. VAL out of money at the turn of the year, 14 days notice required they have no options, tick tock tick tock...
Well yes, Jason is a swing trader but that's not the revelation of the year is it.
IMO JWallows job was to ramp this up and get the SP higher to hopefully get the placing away at a higher level. It's that simple. And to be fair he has been successful in doing so. Had he not helped with this hype bubble the SP would still be at 5p and VAL would be looking at a penny placement. With the SP at this level a 4p placing is possible.
I would say there is more than a fighting chance that THX merges with EUDA but there wont be any cash in it, only a promise to raise which is as useful as a chocolate teapot and won't benefit Valirx or the shareholders.
The next action now as i see it will be the resolutions and EGM notice from VAL unless there is any fluff news they want to tell us about but that's ONLY if Suzy can secure support from Turner Pope - Can Turner Pope secure the capital from investors? Can Adam tip up some cash to support the placing? We will know shortly anyhow.
@andysel
look andy, you are perfectly right that you should do own research and not invest based on someone else's say so.
the only point i would add is that there has been far far too much distraction here based on what this two bit outfit does stateside or not. it really doesn't matter, nobody cares. i made this point three days ago and it gets brushed over, but its so true - we only care if the new entity they try and create has cash in it or not.
it's not like thx are trying to merge with gsk or a big player with funds that could fund a trial. no they are trying to merge with another skint outfit with zero cash that thinks thx can help them!!
if ultimately it turns out that they don't merge or they do merge but there is no cash, all this distraction is for nothing we are back at square one where we were over two years back.
honestly, andy i genuinely believe there is no cash. there will only be a promise they can go onto raise imo and that just won't cut it. in over two years thx failed to raise anything at every turn. why would it be different now?
finally, don't forget euda are also skint members, do you not think that had their accountants carrying out the dd had seen an account holding 60m+ of cash in it that's part of this deal they would jump at it and put out a rns confirming same and why a deal is being done?
do you not also think that with all the **** gone down with vals shareholders that suzy would have put out an rns saying we have been shown proof that the sum of 60 odd million is in an account in the caymans and ready for deployment subject to thx merging with a nasdaq listed entity. also, thx will be crediting us with the sum of 2 odd million (jwallows 7 figure sum) within x number of days following that merger completion. the fact we are not getting this tells me that val are not sure thx will complete, they can't publish an untruth but meanwhile time is running out.
alarm bells should be ringing that we are seeing nothing from val to that effect. that's how i see it andy,
@PatientInvestor
You say stick with the facts but then proceed with a biased view of situation from your perspective, I reply now doing the same but obviously from a different perspective.
We can’t draw a conclusion that its positive, we can only draw a conclusion that no decision has been reached on concluding Heads of Terms and it’s taking longer than the 30 days.
Also, we can conclude that unless you are a shareholder of EUDA, there is no material benefit to shareholders in VAL unless a new merged entity created has cash. IF there is NO cash VAL shareholders are stuffed because the cash can only otherwise come from shareholders via a discounted placing which Is as you know what I believe will be the reality here.
You mention it might not run to 15 days extension BUT it might. However, in the bigger picture, on our side of the fence have VAL got another 15 days? Its cutting it mighty fine. For VAL to get their own placing completed Suzy has to give us 14 days notice of EGM, Turner Pope needs to shore it up, last two weeks of December are dead so it doesn’t Give Suzy much wiggle room if she waits the full 15 days for THX before she acts.
There are also a number of other scenarios you have not considered: -
a) Heads of Terms are put forward but need many more weeks of DD in order to then complete. This being outside of VALs cash runway hence own placing.
b) Business wants to merge BUT there is no cash only an offer to try and raise which puts us back to where we were over two years back and again being outside of VALs cash runway, hence placing.
c) Business wants to merge, has cash (which you know I doubt but let’s go with it) But to act in the new investor interests wants to renegotiate the LOI terms for 201 and either put forward a reduced amount or no money upfront as market conditions have severely changed or can’t support 201 initially as new combined company thinks other projects first are more beneficial to it.
So, this is far from plain sailing and a done deal.
The fact that the RNS confirmation didn’t land today exposed JWallows as the ramper he is, you can pump a stock so far but ultimately there needs to be substance. Meanwhile the SP has been ramped to high heaven to three times its value. Whilst I accept you are biased, IMO this will now drift back to 5p, and the placing will come in at 4p.
I know you won’t like this reply but seriously, you really should consider de-risking at this level. If I’m right, you can add at a better price and if I’m wrong you can still add later if you want but I seriously believe all this hype has been about getting the SP higher for the placing.
Good luck
@AndySel
I was trying to find a link for 30 days BUT i 100% clarify 30 days normally means "30 clear days" hence EUDA should have updated the market on Saturday. As Saturday is a non trading day you would expect an RNS before the NASDAQ closes tonight 9.30pm our time. We are now Day 32. There is no crime in not reporting on time and sounds like the two companies will get on well, neither knows a deadline if its hits them in the face, But they should confirm their position and if they need the 15 day extension say so.
As another example, where you state in an RNS 14 days notice for an EGM that would mean same "Clear Days"
https://shorturl.at/gkoLV
If they do merge i still don't think there will be any confirmation of funds held
@HD
I NEVER request to delete others posts. If i disagree i will say so argue my point, i think you know that. I NEVER delete. i am incredibly pro free speech, you can say what you like, i just ignore if i don't respond. That's why i don't get upset when others insult me, if they need to do that then i know their argument is lost.
Take care
Pork's
Its up 6.7% from down 5.8% pre open.
We are talkin 8 cents at $1.26 from $10 at the start of the year
Hardly ground breaking.... Volume value equivalent of about £2,500 in real terms.
IF you going to use that as pump you can do better!
https://stocktwits.com/symbol/EUDA
Well the binary outcome is still in play at the moment. NASDAQ opens at 2.30 our time, IF the news service runs like ours one hour before then the update should drop at 1.30???
Either there is cash or there isn't. Spin that wheel...
Winner Winner Chicken Dinner....
Jason
You are a bloody swing trader of the finest, where do you get off....
I know the posters here that are long term holders and you are NOT one of them
Cheeky git....
True @PM2022
And you never know, Could be a ploy to get in cheaper as you say, you and @PatientInvestor should add more for certain whilst its "cheap" fill your boots time...... as you say a buying opportunity, go for it.
Most likely EUDA are using a decent firm like KPMG or similar to do the financial due diligence. It shouldn't take long to see if there is 60m lying around in a bank account.... yeah right...
However if you wait for the Placing you can add even more stock soon...
IF that RNS doesn't confirm a merger into a business with CASH ready to deploy, i really am expecting some apologies from those that have hurled abuse at me in this forum for daring to suggest a different business case.
Good luck
@PatientInvestor
No, Suzy has a duty as a director of an AIM listed business to declare any material events that may or may not affect the Share Price. Her duty should be to Shareholders at all times however, in reality its become a lifestyle business where they award themselves fat bonuses and pay increases irrespective of performance.
On the subject of NDAs if there was one in place between THX and EUDA you would expect all their conversations to be kept confidential. IF there is any truth in the JWallows posts clearly the poster would be massively in breach of such conditions and at risk of potentially damaging the negotiations, that's another reason why i doubt the authenticity of the poster. i cant believe anyone would be that stupid.
Not long now to find out.... IS there cash or is it an empty box......
What do I gain?
If I can save one newbie from losing 70%+ of their money when the VAL placing RNS lands it will be a good thing. The fundamentals don’t stack up, you know that, this a pure casino punt based on hype, pump and spin posts placed on here, twitter and reddit.
One of us will be proved right shortly. I’m expecting myself a merger confirmation and some dressed up BS statement to the effect that “we are going on to secure capital” NOT “we have 60m+ plus in the bank to deploy and will be contacting partners and transferring payments shortly” or words to that effect.
I don’t believe they have funding, only think they can go on and raise funding as they have for over the last two years - but we are about to find out. But if the cash isn’t there, the SP here will go down quicker than the Titanic - every eye will be on that RNS at 2.00 that’s for sure