@IM
It’s the “have already done the second bit” that I’m not buying into
If they had 60m+ ready to transfer since March as per the hype gossip they would have transferred the 1.3m to VAL by now to avoid them running out of cash.
But at the end of the day it’s a binary outcome: either THX transfer the cash in time and VALs cash runway extended by five months OR they don’t transfer it in time and VAL discount place again with SH digging deep.
I’m just amazed that the hype and speculation has pushed the SP to this eye watering level. Just proves on the casino that is AIM BS and hype beats fundamentals every time.
@PatientInvestor
Simples, the stock crashed from 10 usd to 1 usd - shareholders nursing 90% losses. Hardly worth them selling at a dollar unless they think it’s getting delisted.
Far far to much focus and excitement here on if a stateside business merges or not. Lost focus on if VAL actually see any cash soon. Merging a business and raise cash are two entirely different things. Madness.
@ Thetheorom (JasonPugh I understand)
So ramping here under a new alias - you will get your relate alright if they run out of cash
Another of the ramping crew
Well until the drill bit arrives, time for the lads to crack open yet another bottle of Kilimanjaro beer in the sunshine.
I do agree that the SP will likely move once drilling restarts, but without stating the obvious if they actually strike Helium all sins forgiven and up she goes and if they don’t, yes whilst I agree they have cash to spud a second well confidence will be further shot and the SP will go down like the titanic. So fingered crossed for success at this well once it restarts.
I won’t go near this stock on pure principle that RP set the sub coy up, investing his time and SH cash to do so which let’s face it is where the real value is here but took a massive chunk of it for himself. Sod that for a game of soldiers.Another example of excessive greed.
Meanwhile, revenue whilst higher, come off it, Your local pub probably has higher sales. Not surprised by the market reaction to these results to be frank
@JWallows
Yeah, yeah, the answer is simple: THX transfer the money
Truth is they can’t because it’s fiction and there are no guarantees they can go on to raise even as a merged entity and certainly not in the time lines.
Further, how many promises and failed deadlines have they come up with before, agreed to and then missed, far far too many.
As far as I’m concerned they not to be trusted, they have never delivered on anything they have agreed. As I say transfer the money, nothing else counts.
@OB
I had a very nice lunch, couple of bottles of wine with my wife at this amazing restaurant in St Lucia called Jade Mountain Club, it was really high up this cobble track, I’m talking really poor road with pot holes and you could go so far and they sent these special vehicles down to meet you to go up to the top. A really fancy design, never eat at a restaurant like it and the views was amazing of the two peak rock things. Anyone I know going I suggest they have lunch at Jade Mountain, I think you can stay there but probably pricy but certainly worth the lunch experience.
@PM2022
Please stop trying to second guess me and make assumptions, you are so far off it’s ridiculous so stop being so bloody stupid. Pack it in.
Let me clarify so you understand fully my view: I do not believe for one moment that THX will go on and raise capital even as part of a new merged entity should that happen. I have said more than once that there is a massive difference between merging and raising funds. They haven’t been able to raise capital in over two years and I don’t expect them to now.
Secondly, I don’t buy into any of this JWallows BS or the suggestion that an offshore account has 60m+ in it just waiting to be deployed. It is utter utter BS and a mighty convenient ramp just before VAL run out of cash. I just don’t believe in coincidences and believe this hype bubble has been created solely to get the SP to a higher level to help VAL via Turner Pope get a discounted placing away at a better price.
I stand by the fact that I do not for one jot believe that funds will be paid into VALs account in time or ever and that VAL will need to propose resolutions and an EGM to get a discounted raise supported to avoid lights out at the turn of the year.
Finally my call is as stated 40m shares at 2p to raise £800k based on the direcstate of the market and the effort gone into pumping this penny share.
The ONLY thing that would persuade me to change my view and shut up completely would be THX transferring at least £1.3m to VAL shortly but as I say, I’m so confident it won’t happen I will show my ass in Poundland’s window - you are completely deluded by what you wish fir rather than reality.
Placing first before anything else is how I see it, all this other noise is an irrelevant distraction from what’s important: funds in from THX to avoid the discounted placing and SH digging deep again.
You can try and discredit me all you like guys but as I say, massive massive difference between merging and raising funds.
You are getting excited over what exactly? FA, so what if THX merge or not, they couldn’t raise cash in the last two years and you think they are going to now based on some twitter and forum nonsense - yeah right.
As I say let’s see the cash get transferred - not likely
@Clarencelll
Enjoy your break, I recommend having a meal at The Cliff, there is also a good quality restaurant just down from it 200 yards also worth trying but I can’t remember the name. .Also The Tides at Holetown worth a visit.It’s not my favourite island as I’m not big on Golf, I find the whole sandy lane scene a bit pretentious but as long as you are on the west side you can’t go wrong. I like it calm.
@ChazC
You don’t agree terms and merge within 30 days. You could reach HOT but then further DD and legal contracts and new framework would need to be worked on after. 3 to 6 months average. Then new entity then has to try and raise. Then look if renegotiations are required and then what they back, a lot also depends on what was conceded during the merger if it happens.
BUT as I keep saying, the chance of THX actually transferring cash to VAL in time i put at absolute zero.
Finally, 201 is now over 15 years old, hindsight is a wonderful thing but VAL have squandered the best part of £35m of investor cash over the period, the phases 2s should have been carried out properly at the time with a much bigger data set at the time. Further, It’s gathered dust the last few years with THX not being able to raise funds, I still don’t think they will pay the money over to VAL BUT moreover nobody would take 201 on in all that time and I’m not convinced if funds were raised they would use them on VAL and 201.so a heck of a lot of what ifs here on a bloated hyped up share price bubble on the verge of bursting.
Not really
You are expecting THX to merg and then go on to raise funds and for new said entity to go on and push funds without renegotiation into 201 a 15 year old drug that has likely been superceded- market changed materially but moreover moving towards AI - boat missed long ago
Ohh there’s pumping and pumping
Let’s see the colour of the money eh, IF /Not Likely, THX transfer the money owning to VAL before VALs cash runway runs out I will show my ass in Poundland’s window. It is NOT going to happen
Massive difference between a two bit company merging with EUDA and then going on to raise cash then deciding what to spend it on and then transferring cash to VAL in a short timeline. Joke.
The ramping here is off the scale and I should know :)
It’s a traders dream stock
Bit of short term fun before the hype bubble bursts.
Matters not if THX merge or not, they still have to raise the cash, they still have to then pay it to VAL and this all has to happen before VAL run out of working capital. Not possible.
Impressive though that the value of the business has gone up by more than five times what THX would be paying anyhow which isn’t likely to happen. Talk about buy the dream.. each to own I guess
See you at the 2p placing..
MASSIVE difference between a possible merger and then a business going on to get finance and moreover transferring funds to VALIRX.
THX have been trying to raise funds for three years, don't you think this hype bubble is incredible convenient just before VAL run out of cash?
Short term it doesn't matter what the SP does pumped or not, as soon as VAL have the resolutions ready and the EGM the SP will come crashing down to that level. Watch this space.
I stand by THX wont be transferring cash to VAL any time soon and we are going to find that our shortly.
@Defiant-One
Not at all
VAL haven't released placing news and EGM date yet, they will leave it to the wire but it will happen.
Meanwhile, THX wont transfer the cash - its that simple.
This is mere trading fodder in the meantime.. just make sure your not the last one holding the baby..
VAL won't get paid - watch this space. You are buying "The emperors new clothes"
All this BS is a mere distraction prior to VALs placing.
You assume that THX merging with EUDA means VAL get a chunk of money to avoid the placing. It doesn’t, the two things are mutually exclusive. 1. Even with Heads of Terms it would take many months to complete 2. The combined business then has to go on and raise funds 3. The combined business then has to decide how it uses the said raise IF they got it. 4. The combined business could renegotiate terms of LOI due to the market materially changing over the last two years and what / if terms they had to concede to get a deal done 5. All of this would take you well into Q2 2024 at best yet VAL are out of cash runway at the turn of the year.
Your focusing on what a stateside business does rather than if THX are transferring cash into VAL.
Will see soon enough, a pump attempt doesn't but it for me that's for sure
@PatientInvestor
Yes my lunchtime, its always my lunchtime :)
@Snakeeyes
Why are you here, a newer account, probably reinvented yourself???
Anyhow, you should be grateful someone is prepared to help evaluate this stock and actually point out some of gaping holes in the argument. Not least the fact that VAL have had 15 raises, 5 under Suzy with 6th due any moment, three 125:1 share consolidations, free stock to CENKOS, wasting cash on a PR firm, giving 201 to a potless start up, not delivering when they say they will, massively increasing the cash burn back to where it was pre crash, paying themselves more money and bonuses at your expense, £17.5k bonus to Kevin, Suzy salary doubling to £160k yet still wont buy shares as she has her family to think of, Stella's "Gerald Ratner" moment- that was totally priceless, taking the business in a whole new direction as a lab start up that will need significantly more capital to establish, its been blunder after blunder.
Most here wanted BOD changes at the last AGM, in fact the majority of you voted that way or at least confirmed that in this very forum then thanks to your messiah Adam, overriding the vote they all got to stay. A poor director does not wake up the next day and become a good one and doing the same things and expecting a different outcome is equally as stupid. Likewise Rampers here expecting THX to transfer Cash to VAL - yeah, i might start flying soon.
First stage however will be to see if VAL secure support for the discounted placing, that's the main event here now IMO
Oh and regarding the poster @Share4 I can clarify it’s a totally different Entity to me, not that I should need to say this, most of you here either have multiple accounts, or have reinvented yourselves two or three times.
I wouldn’t be surprised if Poster @StTropex was @Iceman and now @PatientInvestor. The hype, pump and ramping here is off the scale.