Member Info for pwlx

Santa I absolutely agree the company’s previous business ended in a shambles so yes, LTH’s are waiting to try and recover their money. However that business is now dead and gone, and unfortunately there’s no point dwelling on it. The new CEO and potential new RTO, whatever it is, are substantially an entirely new company and it should be viewed as such.

Losses from the old business should be written off (easy for me to say as a new shareholder I’m aware, but you can’t change the past) and LTH’s should only view it through a forward looking lens. Otherwise it’s just an easy way to torture yourself.

Probably was just typed up - I came to the same conclusion, but frankly it's all pretty accurate. The company is aiming to complete an RTO, if and when they do there will be a substantial share price increase even with the dilution that would result from issuing new shares to the owners of whatever business they RTO onto the market.

Short term share price has been hovering between 0.025 and 0.035p since they completed the disposal of the previous business and restructuring. So Santa I'm sorry but your assertion that it's a sham is just silly. It's a cash shell waiting for an RTO transaction to occur, nothing more, nothing less. Anybody expecting the share price to do anything other than hover around this level until an RTO is actioned needs to give their head a wobble. It's a sit back and wait share, nothing else to do.

Personally I'm very happy to wait for the potentially substantial returns.

Looking a bit more lively now. Was never expecting any news over the Christmas period but as of Monday our friends at ABG Sundal Collier will be back in the office and pressing ahead on bond financing... Funding news should be pretty imminent. It's been a long ride but personally never been so optimistic about a company's prospects. Good luck all...

Thanks twib - where's this from?

Definitely ought to be getting people positioning now for bond issue RNS either pre-Christmas or shortly after New Year…

Roughly 1.1bn shares in free float. Many of those I imagine are in sticky hands at too much of a loss to sell, having been bottom drawered when the previous asset was disposed of.

Very illiquid share. If and when an RTO is announced it’ll rocket.

Add my 1.1%…

Agreed. And looking at his posting history he only signed up a couple of weeks ago and has been on a bunch of boards slating left right and centre. If you aren’t interested, stay away - not hard 🤷‍♂️

You have no idea when I bought my shares, and this morning’s 8m is the only batch I’ve bought in the last few months.

If you don’t like it then don’t invest - I kid nobody that it’s not a high risk investment, there’s no guarantee an RTO will take place. But you’re off your rocker if you think Edwards is here for a measly salary (that he isn’t even taking). He’s here for the real return in value, which is to be found in an RTO.

And frankly, if you were right and I did end up getting 0.07p in return for my 0.037p investment, I wouldn't be calling that a bad result!

So the management and his known associates who collectively own ~42% of the company bought it up for a laugh did they? No plans for an RTO at all despite this being what they're known for having done in the past...?

I'm following the money.

Just taken another 8m shares, average now sitting at 0.037 - waiting patiently for the RTO to be announced, with a minimum £30m valuation on re-listing per LSE rules...

It’s main market, so no time limit on when an RTO needs to have happened by.

Hopefully a very exciting December coming up here. Per PA's most recently mentioned timeline, this initial tranche of bond finance should be finalised either in December or very early Jan.

The placing shares pretty much all went to sticky hands as Mike has made clear. Management aren’t going to be selling their £500k’s worth and neither is the strategic investor.

why do we feel the need to take the **** out of edwards' appearance? grow up and discuss the share.

fact is, since the disposal of the previous asset and the assumption of cash shell status, along with the appointment of edwards to ceo, this is to all intents and purposes a new company which deserves to be treated as such, largely independent of what came before. so the share is not 'a joke' - it's floated around £500 - £700k market cap since that time and will remain here until an rto is announced.

of course, shareholders who were in from times gone by will have a particular view on the company, but what's in the past can't be changed and it's now all about the future. it isn't a joke, rto's take time. but edwards, crucefix and xerri haven't taken a huge chunk of the company for no reason.

On LinkedIn… It begins 👍

I thought it'd drop back after the RNS when we did 100% in a few days, but it didn't. Such a tiny free float, and it's been chronically undervalued for a long time I'm not convinced it'll drop back very much here. And the second they announce the funds have been raised, there'll be no going back.

Fair play to take profit - can never criticise that - but I won't be doing that here as I'm just not convinced it'll be this low again. I may be wrong - it's happened before...!

It was recorded and will be uploaded to the web later

Https://events.teams.microsoft.com/event/26844d9d-2123-443d-a96a-c464126d615a@626b2427-2cdc-471f-b787-7d568b3f5c1b