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On the 2nd of Feb the Co raised £500/- by the issue of 30, 300, 000 shares , which they sold to Clean Capital Management @1.65p--
--That gave the Co an enlarged Share Capital of 237.8 mill shares in issue.----=-CCM therefore had 13.7% of the co.
-Since the 2nd of Feb, up until Fri 24 th, we have seen huge two way turnover totalling over 50 mill, and it appears we have had a seller of about 25-30 mill share @ about 2p----This looks like CCM.
-------If it was not CCM , who else could have sold that amount.?
--Buyers have been generated to take all of this stock at between 205 and 220 over a three week period.
-Now lets look at the Co web site---
---It shows the enlarged Shares in issue @237 mill
---But it only gives Large Shareholders up until 2nd Feb (Polo and Diani)---no mention of CCM who held 13.7% after the fund raise.
---If, as I suspect, CCM have sold down their holding, --they may now only have 5 mill shares or maybe even zero.
-But lets go back to the buying.
---Somebody was out, beating the drum, and has generated buying to the tune of 25--30 mill shares over a three week period.
-------HOW ?????
--What story was being given to these buyers to get that sort reaction ??----and who was spreading it.
-Now, don't get confused and think-- "this is standard placing action "---because it is not.----The placing was done @1.65p----those shares were maybe then sold back into the mkt @2p
-and all the buying of 25--30 shares has been done at the full ask of anywhere between 205 and 220-----not a placing at a discount---but buyers at the full ask.
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-So let's be clear---All the buying (25--30 mill) has now stopped, just as the selling totalled around 25-30 mill ---this is not a co-incidence
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-So now, here are some questions that need to be asked at the AGM
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-1) --why have we had NO Holdings RNS to say that CCM held 30 mill shares (12.7% of CO )
-2) --Why have we had no Holdings RNS to say that CCM have disposed of their holding.
-3) --Who generated the 25--30 mill buyers---was it our broker
-4) --What was the story that they have used to generate all this buying.
-5) --If it was our broker (or the Co itself), why didn't they do that in the first place, in order to raise the £500/- as this would have only needed the issuing of about 23 mill shares and cut down on the dilution.
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-Question (4) is the one i would really like the answer to.
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In the run up to us being suspended, , Afa openly admitted he (his boss) was running a short...
.. With a week to go he struggled to get sellers and couldn't cover their position, in the end they were forced to go round the mkt trying to get stock.... And it didn't work.
.. They were caught short and have been locked out ever since.
. Now as we get near to a requoted, they are out in force again, trying to unsettle holders, and weaken any strong opening.
. Don't forget this.
, Don't get swayed
. They are just traders (or their boss is)
.
. The A B C... of shorters
Well looks like the rump 4 mill is with the mmks, and we have a bit of "pass the parcel" on a Fri afternoon.
. Buyers taking it bit by bit, and mmks happy 5o take a small turn, Nd pass it on to the next one.
... What a great day..... Look at all the interest... 25..30 mill shares been placed., there must be a hell of a good story doing the rounds...
...AGM.will sort out the NEDS, (, or at least put our minds at rest),.. No way back down now.... If you've missed the 2..210....then you'll just have to pay up..
..
Is that the rump.... Should move now
If I am right and they had already placed 20 out of 30 mill shares, then we are getting near to the nitty gritty.
.. Will they place all 30 mill, or will they only place 25 mill and keep the last 5 Mill for themselves???
.. Having paid 1.65 for £500/_ worth (30 mill shares), and placed / sold them @2p ish, then they only need to sell 25 mill I order to get all of their money back, and the last 5 Mill are Free.
.. If this is the way they are going, then they only need to place/ sell about another 3.5 mill.... Or we need to see turnover of about another 7 mill (half buy half sale).... Which means we are almost there.
.. These figs could easily be a bit adfift, so don't get too cleaver waiting for them to run out.
. If they are going to place/sell the whole 30 mill, then maybe they have another 8 mill to go.
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. Now you have to make a decision.
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. Which way are they going to go?
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. Maybe best to just buy now and be sure of not missing the bottom
---I suppose the obvious comment should be
-----Follow the Money
-----"..I would like to know who is supplying the shares for all of the buys..."
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----well here is my guess
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---Look where the 30 mill shares went---to an outfit called ---Clean Capital Markets--- a wealth management firm for the rich.---No doubt they are busily putting their clients in, and using the inhouse stock to supply the buyers (the big lumpy sales we have seen ).---
---They have the fire power to hold the SP while they get their clients in---once they have finished then the brakes should come off.
---Looking at the numbers since re-quote, they have probably placed about 20 mill, and only need to maybe place another 5 mill (need another 10 mill turnover 5 buy, 5 sale ) to have recouped their capital outlay, and then they could run the last 5 odd mill for nothing --- that would be great business.
-This is just my guess, but it makes good sense to me.
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Still plenty of buys being worked quietly in the background
Woo.... If you are going to "quote" from an RNS, then at least try and do it correctly.
.. Mr CTW has been an indepent NED since at least 2020.
.He was appointed as temporary "Chairman" in Sept 23, following the resignation of the previous Chairman
Where ever all that stock was coming from at 2p it seems to be running out now.
.. Now the sp should rise as the rump of the stock gets taken.
. Now we wait for news about the NEDS, and this will move the sp up further.
.. After that we have an AGM, followed by our complete package being presented to the GOB,
.. Then we really will fly.
.. Looks a great bet at these levels.
.
All in good time W2n, I'm sure they are getting everything and everybody lined up, ready to present the whole package....
.... Read the RNS
At last all the problems being fed straight to the public, instead of being covered up and swept under the carpet.
. Has Bangla taken a leaf out of Trumps book and started using Social Media to get the picture out to the masses.
. All the problems being laid bare, and Phulbari being openly touted as the golden solution.
.. We just need ONE comment direct from the GOB (SH would be great), and we will fly.
. GLA.
Some strange posting from you WOO... you have been ultra bullish ever since you came onto the bb..... Expecting a big rise on re. quote.... Now you're harping on about the threat of suspension and delisting... Something we are all well aware of and that doesn't need repeating over again....
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. What's your game???
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. For the record, I'm sure the company have the new NED situation well in hand, and there is zero chance of any delisting... Imho
Are you CTW. lol
W2NCY.. think we can all agree on that,.. Been far too long in presenting things, but am guessing that they felt they would get a *no" so have held back until the ground is more fertile..
.. Surely that time is now, as Bangla has been hit by a perfect storm, and SH has been backed into dead end alley, all of her own making.
.. We will never know if she will do a uturn until we ask the question..
But the sp will fly on presentation, long before we get a yey or ney.
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.. I've not posted much lately, as I've waited for the Company to sort themselves out,... but really think we should look to see what's here, and what could move us.
...We still have a portion of the last placing, overhanging the market.. (feels like a few of the mmks took stock onto their books, and have been feeding it to buyers).. but this must be running out soon, and we will move up once it has been cleared.
... Next we have the NED situation, and I'm sure the Co have this in hand, and will appoint 1/2 shortly, which will take away any fear of suspension or delisting.
.. And then we have the potential of presenting our plan to GOB, in the very near future.
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. Anyone of these will cause an immediate re rate.
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. 3 good triggers makes it a good gamble at these levels.
I've not said a lot on the Christian T. W.... Namely because we don't know for sure what has gone on behind closed doors.
. I have plenty of theories and guess work, but that's all they are, and are best left unsaid on here.
. What we do know, is that without CTW on the bod, then our Nomad is demanding the appointment of a couple of suitable replacements, or they would be forced to resign.
. We knew the Co have been actively looking at people, and now we have the resignation of CTW which will take effect on the 29 of this month.
.. So have we found our NED replacements and our Nomad is just doing the last DD before we announce.
. Is this why we are now seeing this increase in volume.
... If that's the case... Then follow the money.
If you just look at the lumps including the after hours trades, that 5.3 mill..... About 6.3 mill in total.
.... It won't take long to clear at this rate.
.. Looks like certain mmk's have taken a fair portion of the fund raise stock onto their books, and are feeding it out to retail buyers. ... Looking at the lumps that are now changing hands, it won't be long before this overhang will be cleared and the sp will be released.
. If on top of this, we also get news on the required NED s, then maybe we will get a substantial rerate coming soon.
----Maybe it was just a prediction of how the numbers would have stacked up, that have forced his departure.