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"The provider of the CLN is expected to invest a further material equity amount in the Fundraise, which is intended to be completed prior to the end of March 2024."
This is what puts me off buying anymore at present. The loan provider has already got a secured 15% note for £0.9m. i`m not so sure they would want to suscribe for a lot more shares at 10p which will be dilutive, and that`s why I think they will agree to buy at a discount. They are basically saving this Company from going under so will want big reward.
Not de-ramping Co as still have some shares, but need to look at reality. Good luck though as it is all going in the right direction. Get funding done with and Co can carry on what they are very good at.
I have to agree with Tintook. There is 9m shares to add for the 15% loan and then the fundraise this Month for a further £6m. This will ensure the Company is well funded, but can see a £6m fundraise being at a large discount to current S.P. Will refrain from buying anymore until details are known. Still a great Company though and the potential is massive over the next few years. Wont really matter if You bought in at 20p or 5p long term.
Hopefully bottom reached this Morning. Didn`t expect to drop this far but has been punished by the Market on sloppy Management. Last buy for Me at £49.26 and a hold for a few weeks until divi date. Oversold big time so hope punters got some stock in.
The final proposed dividend is 115.9p (2022: 110.3p) per share. Ex divi date. 11th April. What`s not to like getting in at these prices.
They need to raise more than £1m so that they are cash covered until more steady revenue is obtained. Projects take several Months to become profitable so can see this taking a dive soon. The quicker the better as this Co can become a giant in a few Years.
Think i`ll stick to rolling the dice. Must easier to understand.
Seems to be about a link posted earlier "Nigeria’s federal government on Tuesday, has declared war on currency speculation in its effort to stem the crisis in the foreign exchange (FX) market. ". Cant decide if this is bad for CAB short term so sold half remaining shares Today just in case. Looks like the Gov want to restrict access to the $ for some business`s, not sure if it affects the locals FX deals though at present. Who knows ?
Hope nobody listened to the doom-mongers..i.e. 888. Clueless.
Well, He eventually sold half a few days later around £ 7 mark and the rest a few days later around £3 mark so made S.F.A.
Totally overvalued tech Companies in a short period of madness. Lost £1500 Myself on SCOOT.COM because I also held on to them too long and got back 5p a share on takeover. That was a lot of money for Me then & I felt sick & stupid for Days after. Great lessons learnt but at a cost.
I had a similar Friend who was advised by Me to sell His Kingston Com shares around the £17 mark. (Dot com Boom). He thought they would go a lot higher. The end result is fairly easy to work out. Didn`t even cash in half of stake. He has died now, but that always sticks in My mind.
Hope so. Got 49874 share left after taking profits, so leaving alone until results released. Looking at £2.50 target.
Sold a few Today and a free holiday booked in Spain thanks to CAB.... next stop £1.50 which could happen this week.
Looks like the car dealers /salesmen are more guily than the bank supplying the finance. Easier for the FCA to chase the bank though as too complex to find the many car dealers who obtained high commissions. This sounds exactly the same scenario as STJ regarding mis-selling/commission rates. Price got hammered then and still at lows. Ready to start trading on this one.
Looking forward to the volatility You have correctly stated as this is where trading makes the money. Personally, i believe it wont go down much more as there has been a sell off for a few weeks now and the other recent sellers are panic brigade.
Will see what happens over the next few months, but quite happy to take a stake at this level. Thanks for comments....
Looks like the de-rampers have run out of shells to fire on this one. I notice that these people move to different boards when a Company has issues and spout the same drivel. They must spend a lot of time doing this and I dont think that they own any shares in any of the Companies. I think it is a reaction they are looking for from other investors who are down and get pleasure out of others misfortune.
On a brighter side, this has been a great investment for Me, even though I have been informed by others, it is worth only 50p. Can`t remember who said that....
From an S.P. of £8 in early Jan to under £3 mid Feb. Looks well oversold so bought in on Friday. Vulanerable to takeover at this price.
Agree, this could be a giant in the future but needs funding sorting before it can fullfill potential. My holding is down to £1K now from original £45K investment as can see some small dilution coming and MUSK spike news is now history. Probably made the wrond decision to nearly bail out fully, but ready to buy back again after funding sorted out. Good luck to holders.
2nd plunge in 5 Months so bought back in again. Sold too early on 1st plunge around £12, but what a great opportunity again. RNS confirms difficulty in the semi-conductor sector but will recover as it always does. Vulnerable for takeover at these prices.
End of March was requirement for additional funding after they received payment from other. Be better if done earlier while price is above 10p or can see a further drift down back to 8~9p as punters bail out after MUSK spike. Most of them nursing losses unfortunately.