Member Info for Retireby40

Oh dear, I’m pointing out the obvious.

It doesn’t matter one iota if people want to buy or sell. I would’ve thought at sub 3p a great buy but the large sells put me off and even a lack of appetite down here.

Best of luck.

Given the market size a 180k odd and 570k share sale are large and these kind of sales have been ongoing for a good while. The value of them isn’t much (due to the shocking share price) but the number of shares is high. Little volume so tricky to sell in volume but they’re clearly keen to get out at any price.

More large dumps going on. This looks horrendous. Not offering advice but anyone who thinks buying to lower their average should be able to lose what they’re investing.

If this goes tits up it’s a massive shame as amazing tech but as mentioned many months ago GB not one to take to the next level. NEDs need to go and whole BoD for anyone to invest large sums. Sure vultures will be circling to buy some of the tech or divisions if they can’t get the cash. I just hope if that’s the case GB is not involved and loses too. He doesn’t deserve to come out of this well if it fails. Will be watching closely.

AS clearly expects the share price to be a fair whack higher than 95p in the not too distant, after 6k results. Also, a stronger balance sheet means a stronger negotiating position.

It was down here just last week and still range bound. Look at the chart.

You’re clearly not the smartest. I sold over a good few weeks as wanted as much as possible and didn’t want to reduce the share price so I’d sell on large volume days. Still with 400k at 10p Was still £40k so of course I wanted the share price as high as possible.

I’ve never slated the tech or potential but the management and specifically the CEO. Seems I was right although I didn’t think he’d destruct the shareholder value so badly or I’d have sold all my shares.

I used to have 16m shares before consolidation. Unlike you I could see the management was wanting so sold a little over 3/4s and am thankful I did.

Of course it was my decision and I wouldn’t be influenced by randoms on a BB. Unfortunately some are and I hope you haven’t cost too many people their money. That said they’d have learnt a valuable lesson.

You are a clown. Always defending the indefensible. I hope no one read your many rampy posts and bought or even decided to hold.

Skintrustclub I suspect was the issue due to huge marketing spend etc. a vanity project. B-C always gonna drain resources and a crazy project at this stage.

T-rat, out of interest what’s your holding and average?

More naive, idiot ****e from an out of depth CEO. Possible criminal or just stupid.

**** LFTs, skintrustclub, just get labskin and MWG profitable and then start to think about other things. Basic. Many of us said this before the crazy mez loan having spanked £10m in the raise.

This goes tits up and I think there could be litigation. Looks moody.

Exactly. CEO and entire BoD cannot be trusted. What are the NEDs even doing, especially the chairman. Disgraceful.

GB has to go ASAP and same applies to the CFO. Hopefully we get some positive news next week. Tech is superb, potential massive but clearly in the wrong hands.

That wasn’t the plan at all. That’s a ludicrous idea. He thought we’d be able to pay the loan back. Raising money to settle a loan will always make the share price tumble as word always gets out. Clear as day.

As I’ve said for many months GB has vision but has no business running a PLC. He could probably be done by the FCA, he has a big mouth.

They spanked £10m in a raise they said to get to profitability and didn’t happen which confirmed to many oil the city the GB over promises and under delivers. The loan always looked like trouble, I thank his wife for selling shares which promoted me to stay offloading. I feel bad as got friends and family involved so I’ll be watching closely.

GB should have got the businesses generating cash before embarking on skintrustclub which no doubt absorbed a lot of cash. Also spending on LFTs, do that once we are on a sounder footing. All very obvious. You could grow the core competencies to profitability so a much higher share price and confidence and then start to spread your wings.

Both the CEO and CFO should go. I’ll be ****ed if GB comes out with a decent package. It’s all on him.

June 30th 2021 they had Cash and cash equivalents of GBP7.59m (having raised £10m) and given H2 was EBITDA positive (excluding exceptional items) I’m struggling to see where all the money has gone. They should’ve gone into this year with plenty of cash which is why I didn’t understand why they drew £4m from loan. Can anyone make sense of it? Then in June H1 2022 after a tiny EBITDA loss they only have a little over £1m cash and that includes money from loan (and £7m cash from year before). Can anyone help? This looks fishy as ****.

GB sadly has vision but not the man to take a Co to the next stage. He burnt too much cash on STC, dread to think how much that cash absorbed. A good idea but they the other businesses profitable. An absolute ****-show.

To be fair it’s what I thought. They took the loan to avoid a massively dilutive raise. Wouldn’t make sense.

TW has said they are on a roadshow trying to raise £8m at 3p. TW often wrong as he was recently saying Avacta needed to raise before issuing interim report. It was nonsense and interim was published. He was guessing then as they’ve always given a couple of weeks for notice of meeting and hadn’t this year.

With this he seems pretty confident and has given a price. Hope he is wrong but if he’s not GB has to go.

They can draw more of the loan down if they choose. A raise highly unlikely. Avoiding one down here was the point of the loan.

All he has to say is there is no reason for share price fall and Creditors will be paid as agreed.

Yes the market generally a mess but this looks awful. The company should release an RNS. Either issues on debt repayment or not. They need to say something.

Whoever is offloading is desperate to even at this horrendous price.