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@Steamy
Yes, OCT 21, it’s now NOV 23
Business investment case has changed materially in that time
They are a start up lab business and proven lifestyle company
Anyhow, the devil will be in the detail of the RNS
@PatientInvestor
Both you and PM2022 post more on here than i do
Anyhow, it’s a forum to debate
At least when the RNS drops we will clarity either way
If no mention of cash you can be one of the first to apologise to me
Jason, I’m not short, good look to you, I’m pointing out how illogical your posts are but go for it, let’s see if they confirm cash or not this afternoon.
Spin that wheel
Winner, Winner, Chicken Dinner
Jason
You will be ok this afternoon if those that want to keep the SP at this eye watering level want to keep chucking cash at it. If no mention of cash in new co they might not be so keen as they will have a massive opportunity to buy in at VAL at significantly less than half the price in the placing.
Either new company has cash or it doesn’t - binary outcome
@PatientInvestor
Explain why you do care please - what benefit is there to VAL if they merge or not UNLESS they have cash as per the ramps on here, twitter and reddit?
If one of my key customers tells me they are merging with another company, I don’t think oh that’s fantastic, I think oh sh1.t will terms of supply remain the same after the merge and will I still get paid or not.
Without cash and ability to pay VAL the benefits are as much use as a chocolate teapot but please explain otherwise???
Ohhh
They can quote what they like
THX can promise to go on and “Try” to get funding for the next 100 years
Doesn’t mean they ever will
We only care if there is cash or not, if no cash do tell me how VAL will pay Jan payroll? You can’t pay staff and expensive BOD salaries with an IOU and a promise funds will be raised to forward shortly.
Either cash is there or it’s not
No Andy
I’m saying nobody gives a flying fig if this two bit outfit stateside merges or not, it’s doesnt benefit VAL one jot.
We ONLY care if VAL are going to get paid or not and I stand by the fact that they won’t. I do not believe they have 60m cash to deploy, I believe it to be total BS to ramp and inflate the SP here prior to a discounted placing, VAL are out of cash shortly.
It’s either cash from THX or cash from investors - So THX merger confirmingthey actually do have cash is kind of key here
@DarthInvestor
I would say not, None of the BOD have enough skin in the game as they don't own sufficient stock. The SP is irrelevant to them except for only now pre placing. IMO the objective being to ramp the SP to 14p try for placing at 7p, get it to 16p and try for 8p. BUT the Turner Pope clients will have none of it, too much Jam tomorrow and little confidence THX can ever raise cash. Hence my 4p, 20m shares to raise £800k being best outcome here.
Punters are expecting the new created stateside entity following a merger of EUDA and THX to confirm it has 60m+ plus raised ready to distribute to satisfy LOIs and moreover pay VAL to stave off a placing. We have been reading for the three weeks now:-
"Money is Raised, that's OVER now" "Funds are being released on the merger as they were contingent on the NASDAQ listing" "Rapid transfer of cash to safeguard the assets" "Funds being released to VAL are in 7 figures" "$2,571,049 as an example is 7 figures" "Cash was raised of $60,000,000 and will be $70,380,000 if the over-allotment option is exercised in full" "The investment consortium will release the capital to the new listed entity on completion of the merger" "TheoremRX have collated an eye watering sum of private capital"
So that's what the bets were placed on, lets see the delivery.
RNS of merge should confirm same, if the merger RNS doesn't confirm they have over $60m cash ready to deploy, then we know its yet more BS and the SP is toast, we will be back to 5p where it came from. The outcome of this bet is binary either the new created company will have over $60m of cash to deploy as indicated or it wont.
As the deadline was Saturday, expecting some RNS from VAL at open confirming the same and that THX funds are being paid over. Time will tell. I don't believe any of it myself as you all know but hopefully i'm proved wrong. Good luck.
Jason, if there is no mention of having funds to deploy this SP will sink like a brick back to 5p where it came from.
They will either have funds as per all the BS that’s been banded around on here, twitter and reddit or they don’t
If there is any sniff of “going on to raise” We are exactly where we were before and VAL have no choice but to raise as they are shortly out of cash.
Frankly, I don5 believe any of it but you hav3 placed your bets, let’s see the detail.
Spin that wheel, winner winner, chicken dinner....
Well @PatientInvestor is “confident” and Suzy is “Confident and Unconcerned” so when the merger news lands Monday confirming the new entity detail it should confirm the 60m + funds are being deployed and VAL will be paid starving off VALs placement.
Then everyone else can join in being “Confident and Unconcerned”
I might start flying at the same time...
Looking forward to a flood of apologies Monday when you realise there is no cash and yet more fluff “Jam Tomorrow”promises of what might be...
Placing inbound
@PM2022
No I don’t for one moment as it defies all logic. Punters have been buying in on the back of his posts. So why would you do that?
A new merged party would want to protect the interests of its shareholders and maximise returns of those investors - agreed?
In ramping information pre deal, you are inflating the value of the assets pre deal making them more expensive. That is not in the interests of new investors. IF sending VAL cash was delayed by 8-10 weeks for example, the value of VAL would be on the floor as it has nowhere to turn and the new combined entity could pick up 100% of the business for less than the LOI consideration money. So how is ramping the value good in anyway for the new investors if this is true?
This is why I believe it a ramp to get a VAL placing completed at discount. Why would you ramp it otherwise?
Anyhow we will get confirmation shortly but can’t you see why it doesn’t look right?
Ok then, fans of said poster
Why has this poster felt the need to ramp all about the THX merging with EUDA, telling everyone that cash has been raised even indicating a amount being paid to VAL on here, twitter and Reddit whilst negotiations are taking place?
Firstly, if what they post is true, it’s insider dealing as they are divulging information to the market not officially declared. I can’t say as I would be too happy if I was in confidential talks with a business and the other party was spaffing off all over the internet details of the deal before it was signed off.
Secondly, what would be the benefit? Just to ramp the SP up? This is why I came to the conclusion it was a ramp to inflate the SP prior to VAL raising. It serves no other purpose unless JWallows is incredibly stupid and just can’t keep his gob shut?
@AndySel
No been fairly consistent
20m shares at 4p to raise £800k is my call
Could be 40m at 2p to raise same amount £800k
My main point is that all the focus has been on if this two bit stateside company merges or not, who cares, it still has to go on and raise funds because I don’t believe the hype and ramp here that it has raised already with funds ready to deploy. I simply don’t believe it.
Merging and raising are two totally different things.
Anyhow, we are about to find out. VAL need cash now before the turn of the year, IF that merge doesn’t include cash, VAL will need to press ahead with the placing as they have no option.
Those brought into this hype bubble are locked and loaded so we are about to find out. Deadline was yesterday.
Well you are all locked and loaded now so decisions made, devil will now be in the details of the RNS published then we will see who is right and who is wrong here. I am expecting a few apologies.
Having fully researched and completed my own DD my view remains that this recent Hype /pump bubble was created to boost the SP to facilitate the placing at a better price. To that end its been successful to a certain degree having ballooned the SP from 5p to 14p over a three week period. Giving strength to raising closer to 6p or 7p although i have given reasons in this thread why i think it will come in at 4p placing.
I believe come the stateside merger, that many are distracted by, any created new company will NOT have any cash in it, i believe the "cash raised" hype will prove to be totally false, there will just be mutterings about "going on to raise funds" and being "strong at raising capital" which is exactly where we were over two years ago with THX never delivering and "punters" betting here on twitter and forum gossip are going to be in for a shock.
Next thing, apart from any fluff news releases, will be the resolutions and EGM date RNS from VAL as they have to give 14 days notice and as i commented, last two weeks of December are dead. VAL have little option other than to do this IMO. Watch this space. It will then be down to existing SH if you want to add further and support it or not.
Good luck.
@Steamy
It's a little bit obsessive to be fixated on an individual. It's also totally delusional to believe that there is any element of truth to the ridiculous comments originally created by a poster designed to discredit me that i am some pervert neighbour that lives next door to Suzy. Its just totally preposterous. I live in Cheshire and I can't remember the last time i even went near Nuneaton, i think the closest i have been was a Carp fishery in Wishaw not far from the Belfry a few years back and i think that's at least 20 miles away!!!
@OB
You are top guy and always will be in my book. You are more astute than you realise! Some of the comments here are pure pantomime but you know that already :) take care.
They are out of cash at the turn of the year
They have to give 14 days notice of an EGM and pass resolutions
Last two weeks of December are dead
If cash isn’t paid to them by THX they have no option but to Raise
I expect resolutions and EGM date confirmation RNS from VAL shortly.
On the flip side, if all this BS is true and the merge RNS on Monday confirms the new entity has 60m+ ready to deploy then it shouldn’t be an issue should it. BUT this is where the issue will be. The devil will be in the detail issued monday