Member Info for PuzzledPete

Quite right Slow Learner

As you say "Mysterious advertising appears that the company knows nothing about"

Funny that. Can't imagine why anyone would bother to dream up fantastic comment about any old company - Although oops - silly me - Maybe they've been paid to do it !. Wonder who that could have been ? -

(Just a coincidence of course that Mast is paying the mysterious Fairfax Partners £2million 'to source international investors')

As it happens even the snail speed fca is reported to be tumbling to the mystery. As are brokers unwilling to deal.

Because Mr Invester (What's an invester ? Never heard of one before) I only comment on shares I know something about. Unlike 99% of everyone else on here.

Yes Slow Learner (but learning fast) Sorry to take a break. But there comes a time when keeping a nursery in order begins to tire. But its still amusing to watch the chaos while waiting for the inevitable tears and tantrums.

Geoffrey - absolutely correct. This co trumpets all sorts of capabilities and projects it has never, so far, achieved. Its why the shares are down 97.5% from 2021 listing. The rampers on here are mugwumps for whatever the CEO (doesn't) say. Not only, as you say, is it a mere provider of bog-standard generators (in a not very profitable market of at least 650 similar) they all have to be financed by someone else because Mast is bust - but the gullible can't do the maths. The number of 'partners' brokers and financiers it has trumpeted (and who have mysteriously failed to sign up) is legion. It and its parent co Kibo have scraped the bottom of the barrel of City bucket shops over recent years, all of whom have taken a look and scarpered. Its latest is to have paid desperately for the most notorious and incompetent - but willing to take money to puff any old unreachable share target - ACF Equity Research with the worst, most financially illiterate and therefore near-fraudulent 'research' I have ever seen in 40 years in the |City. And has agreed to pay a fantastic £2million for a dodgy never heard of befgore Canadian PR firm to 'spread the word' overseas. That is the only explanation for people still buying, and the holders not yet having executed their warrants because expecting something better. Ha Ha. To think major AI platforms would team up with this lot is complete fantasy. Those qualified and experienced who have warned on here with all the numbers, have given up. Only thing to do is watch the gullibles antics and puffs - or avert their gaze !

Dear oh Dear ! Given that Statkraft has been dealing with Mast for over five years it would be odd if it didn't attend any joint conferences .

Another New lemming - they haven't a clue about the co. Just jump blindly aboard a wagon. RunningNE thinks Mast showed significant revenue growth. Can't even understand it was merely another gen coming on stream. Its certain he doesn't know Mast is insolvent and needs all the 250m cash warrants to be admitted in order to escape it, let alone have enough to pay for just one new generator. Doh ! Instead of 501.77p, the share will be worth only 2.9p. Doh ! again. Where do they come from ?

If only a small part of the issued shares is being traded, you can't be certain how certain the whole market is about it.

What's your wanting a punt got to do with the fundamentals of a company ? Is the market there for you instead of a night at the dogs ? Interested to know . Would explain a lot on here.

Mast desperately needs the warrants to execute for the cash it desperately needs to fill the hole in its balance sheet. Figures are all available the company reports and accounts, in the half-year results, and in the warrants prospectus. Also summarised by me yesterday. To have this info banned or suppressed will constitute market abuse and/or fraudulent inducements to invest. At present Mast is still around £4million in the red (can't pay its bills) It needs all the cash warrants to be executed to get the £10million in needs to fill its promises. Even then it will have only £6million and not £15 million as a war chest. Ramping the shares well above 4p will ensure all the warrants are taken up. In return shares in issue will balloon and assets and earnings per share will slump. Then the shares will slump back. Choose what you want.

Re Main Market. You have been told time and again Mr Trader man that Mast is on a particular segment of the 'main' market - not in any way to be confused with what is expected ON the main market. Mast was on the practically unregulated 'Standard' market with no nomad (know what a Nomad is ?) - which because of its poor behaviour is being closed down, and Mast 'parked' on the 'equity shares transition' segment until the London Stock Exchange decides where it should be listed. Try banning this again, and it's you will be banned permanently for consistently trying to ban factual posts with information vital for investors.

Savs - The whole story is set out here from my earliest posts. But the rampers weren't interested. We don't need to ask why.

As for the story, there is more of it elsewhere for PK's whole history in the UK, first in Kibo whose shareholders he tried and almost succeeded to pay £15m for an unbuilt Bordersley (subsequently written down to zero, with no offer to recompense Kibo shareholders for what they had paid) through to hiving off Mast separately in April 2021, and immediately losing ITS shareholders another £20m or so. Our little Trader person can try to get me banned for posting that, but it will bounce back because 100% true.

You can easily work out what cash the company has - or rather hasn't. .

At end June it had £148,178 !

In round numbers, together with trade creditors it had £240,000 with which to pay trade debts of £494,000 and loan repayments of £2.41 million due within one year. And a Pyebridge loan repayment of £2.15m due by 2026/27.

That was the scale of its insolvency - as the co has admitted (in the small print) it had been for two years.

And was why the desperate raise of a mere £2.6m from just the pre-paid warrants at the suicidal (for shareholders) 4p

IMast used the £2.6m to pay off £0.78m of the £2.41m one year loan; £1.4m to progress Bordersley ; and £416,000 'working capital (ie enough to pay overheads until December).

So unless all the £10m from 250million cash warrants i s raised (they will have to be exercised immediately) it will be a lie to suggest Mast has a £15million 'war chest'. - even then it will be only £6 million, and shares in issue will be 388million. And Masts' net assets will be about £11m - ie 2.8p per share.

There will be nothing to speak of from Pyebridge this year and only about £1m next year from both Pyebridge and Hindllip, and even that won't be in cash to help Mast, but will go to pay off Hindlip's 75% share to Powertree and the rest of the Pyebridge loan to Riverfort.

Its why Mast is still stuffed. And its shareholders even more stuffed. With no chance of paying for any more plants without burying them even deeper under the ground.

Sorry. Reality has a habit of being tough. Especially if you haven't read the small print.

You've been told for weeks there is something wrong here Mr TraderMan. But its the fundamentals of the company and its behaviour that is the cause - not anything wrong with the share trading. Its your inability to understand that has got you in the sh-t you're in. So stop whinging.

Half the warrants expire in January. The other half next July. If Mast is to get the cash it needs to pay its bills, its going to have all the pre-paids exercise, and at least half the cash.

How do you know they don't own them Mr Napthaman. Or that they did own them and saw the light. Or that they thought of owning them but did more research than you. So many other possibilities you seem incapable of thinking of. Makes me laugh.

Even if Chilalo meets is preliminary (usually optimistic) estimates, Met1's share will only be worth 1p per the 850m or so shares. But they will have expanded in the two years time so worth even less. And its only a share - which means Met1 won't get it in cash, so little help to the share price. Sorry - but the maths always tells the truth. But ignored by the rampers on here.

Who says they bought ? It might be a MM to MM transfer - ie from Winterflood, fed up with the shenanigans here - makes it more difficult for them to profit from market making when they thought it would be a steal. - just a theory.

They don't have any contracts. Its just an idea.

Oops ! - Traderman and didn't quite Maidit will have this post banned. Its not what Mr Krugel has announced.

If you do David, certain people here will have your posts banned. They don't like the truth up'em