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Jason, with respect Patrick has been telling Suzy they can raise capital for over two years and haven't and not only that missed every deadline they agreed resulting in Suzy at the last moment coming to Shareholders for a handout to save the business, i don't expect it to be any different this time. Then Suzy simply removing any any timelines for THX made it never ending and that was another blunder, but lets no go there.
As for Suzy in my opinion, she is solid on science but incredibly naive in business and believes everything Patrick tells her.
As for Adam, he has an obvious biased interest in the business But he is not a Director and does not have access to any of the negotiations with THX.
Finally, as for Ken, the guy is being offered a perpetual lemon IMO but they are desperate to do something since their own SP crashed from $10 USD to $1 USD and a number of delisting notifications, he is being told like Suzy that THX have access to capital. As i have said twice now, if the merge RNS drops and says the new company created has over $60m of funds ready to deploy and partners will be credited i will show my ass in Poundland's window. I don't believe any of it.
So the four your reference are not great examples of why VAL will get paid are they Jason, but the devil will be in the detail of any RNS put out that's for sure.
Jason, normally investors sell on news
It also depends on if the news confirms if the new named company is funded. If it’s not and there is any suggestion they are going on to try and raise then the SP is toast on the release IMO. Punters are speculating on the new entity having 60m plus to release including paying partners like VAL
Please some of you don’t get silly, this is a discussion point and IF as many of the rampers here claim THX has all this cash ready to deploy on the merge it won’t be a consideration, so I state that point first.
But if it turns out it’s all BS and they don’t have the cash or they want to go on as before trying to raise under the current open ended mandate then VAL will need shareholder support so this thread is about what is realistic in the current market conditions.
Discussion on this discussion board if you will in an adult conversation.
Now I was thinking about this and my view was with the SP pumped to 14p VAL might ask Turner Pope to try and get support to issue 20m shares at 50% discount 7p and try and raise at that level but I just can’t see it being supported that high.
Now I’ve not had a fielding call myself yet from TP but if I was called, my question would be the cash would only extend the cash runway by 5 to 6 months max and could they give me any guarantees that despite previous failed promises by THX if they were likely to be successful or not by end of Q2 and this is where the risk is. If THX still didn’t come through I’m on for more dilution in June pre the AGM and my cash is written off or I need to add again.
As a result I think a lot of HNW more likely will say the deal needs to be 30m at 4p which would give VAL £1.2m and that window towards end of H1 plus they would want warrants 1 for every 2 shares at say 6p should that time window need to be extended. That kind of feels like a fair deal in this market but some could play much harder ball and want higher discounts but If Adam tipped up £500k to help and the BOD chip in as well that would probably help this get underwritten.
I would be interested in others views where they think a placing would sit in the current market conditions. Typically if you want north of £1m you are talking significant discount. So more likely not much more than a £1 or £1.2m raise before costs? Any amount less wouldn’t really give them enough runway.
I’m putting my flag in the sand at 4p plus warrants. What’s your view? Would you chuck more cash at this in a placing? I’m sure some like @PatientInvestor will say it should be at a premium but they have had a lot of raises and consolidations and all that also has to be factored in.
Views anyone? And I repeat this is only on the basis the RNS on the possible merge doesn’t confirm that the new named company includes raised funds or ability to pay partners.
@uncanny
not interested if one two bit stateside company merges with another or not, couldn’t care less.makes zero difference, only interested if val are going to get paid or not
short answer is yes if they transfer the cash to val and a categoric no if they don’t.
my issue with this entire hype and pump creation is that i just don’t believe thx will go onto raise funds and i certainly don’t believe for one moment that they are sitting on 60m+ of funds ready to deploy already. this will fall on the generosity of shareholders to dig deep in a placing for sure.
if the merge rns lands and confirms they have millions in cash and will be paying partners as a result, fair enough i will shut up, but i put the chances of that at zero.
tell you what though, if that rns doesn’t mention any cash already raised there will be a lot of ****ed off shareholders that have brought into this ramp that’s for sure. we will know soon enough...
@JWallows
Not confused one bit
IF a merge note comes out saying the new entity has 60m of funding being distributed and a payment is winging it’s way to VAL for the LOI to avoid a placing as I say I will show my ass in Poundland’s window. Just don’t believe it nor you for that matter.
No evidence whatsoever punters speculating on pure hopeium.
Anyhow, will know shortly, 30 days is up Saturday.
Positions will start closing out shortly.
RNS if delayed to Monday as i say, even with a merge will confirm no money and no cash being transferred to VAL, just hopeium that they can raise in the future. Then the SP will go down like the Titanic,
Keep ramping
Winner Winner Chicken Dinner
Spin that wheel
No RNS yesterday or today, just got to milk it that bit extra.
At least the 30 days is officially up tomorrow and then proof that with our without merger there is a) No money and b) zero chance of VAL being paid anything.
But enjoy the hype bubble before it pops.
Haha
Like i say, a mere distraction
Show me confirmation of funds raised and moreover transfer cash to VAL before they run out.
You can't as its all BS and any merge news i guarantee wont confirm any money from anywhere being transferred in to the new business or out to partners like VAL
Total BS
What you thanking him for, helping you ramp the back end of this stock to high heaven
Absolute disgrace
AND if i find out it is PAT or Ken behind this hype ramp, i will send the the entire file of all these posts here and over at Twitter for the FCA to fully investigate
Its absolutely outragous.
No @JWallows its NOT over
Point me to ANY document ANYWHERE that proves they have funds raised.
I am totally calling you out on this BS
IF THX raise later i absolutely guarantee there wont be any mention of the deal coming with funds included ready to deploy. Further no mention they will be transferring cash to VAL either.
You can fool some of the people some of the time
@IM
Profit is only profit if its taken. Like the last hype bubbles here, people keep buying the dream then it drops back to 5p and they are locked on waiting on the next hype bubble regretting why they didn't take profit when they had the chance - same old same old.
@PM2022
Yes and if i save one newbie from being sucked in here and handing over their hard earned to lose it will be well worth it. There is punting at the Casino and there is this. Betting at 13p is like placing your bets in some back alley playing "find the lady" where the outcome is know but punters get sucked into playing all the same.
@Borsai06
I would tend to agree, you have effectively two businesses both on their ass. THX that haven't raised a bean in over two years but think merging will improve further chances of raising and EUDA almost out of cash also, SP tanked from $10 usd to $1usd over the last year but thinking a merge might help them if they can go on and raise cash easier with THX.
No matter what, as i posted yesterday, its all a mere distraction, the focus point here should be will VAL see any cash from THX before funds run out shortly or will in fall on SH to dig deep again - and i have made my call perfectly clear. 100% confident what will happen here next.
@PM2022
And reposting more BS from other ramping posters that really is quality research to share.
Jeeze, got to hand it to you though to pump this from 5p to this ridiculous level has been possibly the best quality ramping and hype work i have seen in ages on a forum. I doff my hat to you, this level of ramping is something else.
@PM2022
AND what exactly is this RNS from VAL on Monday going to say exactly? "The two bit company that signed an LOI and failed to deliver on anything has now merged with another company and is still trying to raise capital but we understand they have sent us a cheque in post" Dream on.
Next official notice from VAL excluding any fluff news in the meantime will be proposing resolutions and EGM date to get the discounted placing done before funds run out in the next few weeks. Tick Tock, Tick Tock.
Nothing left to price in is there? The ramping crew have give it everything they have got and deleting any posts that dare to question the ramping agenda.
What you wont see is merge news that includes any reference to funds already raised being included or payments to partners like VAL being scheduled to cover LOIs,
That's when it will dawn on punters that, oh hold on a minute this has been ramped up from 5p and in fact, VAL directly are in no better position, THX still need to raise without any guarantee oh and on top VAL's cash runway is out shortly and that discounted placement has to happen. The SP will go down quicker than the Titanic
I'm just awaiting the Resolutions and EGM date confirmation from VAL any time soon - there are a number of posters here that will also owe me an apology.