RE: 14.15 to buy. 13.5 to sell3 Nov 2023 05:29
@Seawolf
Because the focus here and speculation is all hype and pump regarding if THX merge or not, nobody cares, its a total distraction from what matters and that is if VAL have sufficient cash runway or not as they are out of cash at the turn of the year. As a new shell they would still need a quote. THX have been saying they can raise for over two years and haven't been able to do so. I don't buy into they have had funds raised since March BS and as such don't expect them to pay VAL before they run out of cash shortly. There is ZERO proof anywhere that there is over 60m on deposit that THX are holding ready to distribute that's why i'm not buying into the whole JWallows BS.
I remain convinced the ramp is to inflate the SP to have more chance of Turner Pope securing better discounted placing terms which in this market will be brutal. I remain convinced the placing will land FIRST. 40m at 2pto raise £800k or 20m at 4pto raise same if the current SP high holds. We will know soon enough.
I would look closely at the wording of the statement that EUDA put out, if they have agreed Heads of Terms to merge as a new entity. I bet there is no mention in it of cash raised already in the new shell or more importantly partners like VAL having funds transferred to them shortly to activate LOIs but we are about to find out.
@snakeeyes1875
Why do i care - Put simply, sick of seeing this sort of manipulation on the AIM, there will be a percentage believing the hype and when the resolutions and EGM notice drops the SP will come crashing down to that proposed placing level. Seen it done so many times now.