RE: 0.6p - Crazy Markets!23 Feb 2026 10:59
That's an excellent pump and dump crew for you.
Probably did deserve a small rise but funnily enough the handful of posts reminding people of the funding crisis was drowned out with stupid talk of 2p etc
The crew had a very good week. They will be back I suspect but only once this has either dropped all the way to .35p or further as a result of the placing that has to happen in order for the company to survive.
Spending $400k every month.
from a recent RNS
'The Company expects revenue for the year ended 2025 to be c. $545,000. As previously disclosed, the Company has further reduced its monthly cash burn to approximately $400,000, which was moderately offset by recurring monthly management fees generated during the second half of the year.'
'moderately offset' translates as barely touches the sides.
'As announced previously, the Company has secured a £5 million convertible facility with Alumni Capital LLC, which was approved by shareholders on 20 January 2026. The Company believes that the net proceeds of the First Tranche Notes and Second Tranche Notes, which together total £737,500 in gross principal, will extend the Company's cash runway into late Q1 2026.'
As I said earlier but my post was removed...they have enough funding for about another 4 weeks. So, in my humble opinion there is a major dilution on the way, possibly within days. Going to be really brutal I suspect but that might provide a good buying opportunity. If left I think the sp could fall to .35p of its own accord. A placing could drop it by 90% because Marla has so badly mishandled the funding situation over the last 16 months or so.
Placing at .15p and a 50% dilution? Yep, easily possible. mcap is only £1m so even a modestly wealthy individual could force such a placing on Marla and the Company. Whatever happens, for the next few weeks it's probably best to look away....