Bringing some sense back to the forum...3 Feb 2025 07:55
Not convinced some of the posters here this morning have ever heard of a cash shell, and the benefits it entails, so let's do some explaining...
Dukemount / capAI is a clean, debt free, main market listing with a cash runway for day-to-day corporate overheads for the foreseeable future. The Directors are not currently taking, or accruing, any salaries apart from £25k p/a for one of the new ones.
The benefit of a cash shell is that it offers interested existing businesses the opportunity to be RTO'd into a main market listing on the London Stock Exchange at zero cost to them, enabling them to access significant investment capital.
Yes, Dukemount has nothing at the moment - but does anyone really think capAI is nothing more than a sudden lurch into a hot sector? I certainly don't, I think Edwards had exactly this in mind when he bought up a large chunk of the Company last year. He's taken his time over the last 10 months or so to get everything sorted, and now they're in advanced discussions regarding the first acquisition.
Now that may or may not involve an issuance of shares, but not to raise capital for day to day costs as the abhorrent derampers here might have you believe. And if it does involve an issuance of shares, it actually doesn't matter because the increase in value that will be generated by the Company acquiring AI related assets, patents, etc will blow a share issue out of the water. When I invested here 8 months ago I was fully aware that a share issue may accompany an RTO - that's completely normal. I'm here for the vast increase in market cap that can come from being a cash shell to being an operating company.