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This is going straight back to 3p per share. Well done to those who bought the dip. We will be rewarded. Great signs all round. A company just bought 12% of the company. Wow this is amazing
The board here are amazing, AAAs success is evidence of this. I'm invested here and in CCAP, both shells have a great team behind them. Significant value will most likely be created
You are correct Mike it is just a suspension on the 6th of April i just double checked. In that case I'm baffled at why anyone would be selling shares right now. At cash value??? No doubt all will be selling for a loss too as this is the lowest share price ever seen here. The company will have 6 months to conclude a deal with businesses they have been in discussions with. Significant value will most likely be created and the upside potential is far greater than any potential downside
My bad just a suspension on 6th april! Which is even better
Remember this was at 3p per share only 3-4 weeks ago. Those well researched about the backgrounds of Nick and Gregg loaded up immensely which pushed the price to these levels. A reminder RNS about a potential delisting scared many investors who were not risk tolerant away. Now presenting an amazing opportunity to invest into this shell at cash value (pretty much zero risk now), into two individuals with years of investment banking experience. These two directors are worth at the very least 2p per share just based on the value their experience creates.
Gregg works for Early Equity, and quoted from their website "We invest in stocks and bonds to build wealth through long-term capital appreciation." And have 12 years experience doing so. I am very confident in Gregg and Nicks partner ship here. Given their background i think its fair to rule out any chance of liquidation here. Maybe a temporary delisting, but this given them another 6 months to find the right investment to create shareholder value. I'm glad they havent invested into the first company they spoke to as this would be incompetent
Nick Lees investment banking background, and cambridge qualifications makes me confident enough that whichever path this board takes, will be the best one. I can see this one multibagging to 5p when the board announces their plans
"The Board has had discussions with a number of different businesses, which has included the undertaking of some detailed due diligence work." And as Mike has stated Nick Lee is very well connected, especially within the investment banking industry. So it would make sense if they rto with an investment bank company. Or raise funds to become and investment vehicle working along side successful investment banks to pump money into something that will create significant value for us as shareholders
The pandemic has opened up so much investment opportunities, cash is king now. If the bod can get their act together (which i believe they have and are working on something big behind the scenes) this will multi multi bag on just one good rns
Might i add that the market cap is at cash value, so basically minimal risk from here. Either this gets suspended and liquidated, and you get a substantial amount of your investment back in a few months. Or the bod announce an rto or financial raise, and this multibags. This one is a low risk, high reward play now that it has dropped to these levels of cash value
I'm fairly sure it is in the boards best interests to either become an investment vehicle, or rto. They have a lot of experience with investment banking, and the company they are looking to rto with are an investment banking company. So it would make sense to complete this rather than get suspended and have to pay back share holders through liquidation.
I gather 6th april suspension then they have 6 months to rto otherwise remaining cash is just liquidated and paid out to share holders
Anyone know the date?
Selling now when news is imminent is ludicrous
From what i gather the share price is at cash value therefore minimal risk here? Correct me if I'm wrong. £1.6m cash. With a market cap of 1.6m
What does this board plan on doing with this shell?
What is the board even trying to do here?
I mean 100p, have you not heard the rumours circulating?
Buy the dip
Dont miss the boat Rhodi, you know how fast this one moves