RE: Stay with FACTS!👇👇👇6 Nov 2023 23:04
@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
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