Member Info for Reardon95

I have taken this information from previous circular issued.

As at 25 April 2023, the Company had cash of £516,000 with current contractual liabilities of £231,000

primarily relating to one-off expenses incurred for insurance and advisory fees during April 2023.

The Company also has ongoing costs including directors’ fees, insurance costs, AIM admission and registrar

fees, professional and other advisers’ fees and website hosting costs. The Directors are taking steps to

renegotiate fees where possible, however the current monthly spend is approximately £40,000 before any

one-off expenses including advisory costs relating to the future of the Company.

Given the Company’s cash position, its current contractual liabilities, the contingent liabilities it has to

consider and the ongoing cost run-rate, the likelihood of the Company being able to continue for a period

longer than three months from the publication of this document before becoming insolvent is low.

Net cash after deduction of liabilities £285k

3 months at the run rate of 40k per month = £120k

Cash position - £165k

Court hearing and petition costs £2880

Cash position currently - £162,120

Contractual liabilites unknown at this stage.

Neil/Bond let's see if we can have an attractive spread the next couple of days. That will be key for any meaningful rise here, I think an RNS at this stage is unlikely but you never know.

Valid points you are making Hereshopin, it's good to have a different opinion...But here i am hoping that we have at least one big surge, even it is a dead cat bounce!

HeresHopin I don' think this partciular listed company is going to be as easy a decision as you may well think. 2 months ago 0.2p was being returned to shareholders and now they are completely insolvent and can't pay immediate liabilities,...The numbers don't add up. This is all of course my own opinion.

I wonder if the judge will look at these unscruptulous crooks unfavourably and throw the book at them for consistently ripping off shareholders and destroying value. If you had the financial might and know how this could represent a unique opportuntiy to acquire a shell company for the pittence of £87k making it by far the cheapest shell available.

This is going to get very tasty or very painful next week, I am excited.

Have a good weekend team!

Not one trade all day boys n girls

Exactly, Neil it is a big risk but i can be a very high reward if this comes out (again). Could do an easy 200% if it does. Anyone else have any calculation on current cash pile and liabilities?

I may risk it and hold through the hearing, they have to demonstrate they can't currently pay £750 of liabilities as far as I am aware. I have calculated we should be sitting on close to £102,000 with the costs associated with keeping this running per month. It all depends if we get a spike or not, if this doesn't move today I think we will get a spike on Monday and a sell-off on Tuesday when people start to bail.

Come on its ffs

Mr you may well be right, we will find out in a couple more trading sessions.

Agreed Latino, they have been beyond embarassing...Parasites who have been completely detrimental to us shareholders.

Need locking up...

Https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f4/technical-articles/winding-up.html

It's not looking good rodge, although there is a chance this will get thrown out in court.

Looks like we are crawling to the finish

Wow MM's killing this, look at the spread! NSF special

Odey now selling out of Miri Neil...Not good news that.

Uh-oh big seller coming now, Odey have a hefty holding here.

Welcome back Latino

£99k for a cash shell, bargain!