Member Info for roleybirkin

Glad you believe in the acquisition Banxy.
It is a great addition.

I thought KR1 sold Funfair.

Another great performance. Asset value rise of £78m in last four month's as UiPath is revalued upwards.

Work it out for yourself Bottomzup.

Bottomzup... you have it incorrect.
Your suggestion that £3,000,000 comes in is pre cost of sales
Cost of sales is 72% so Bids pay away £2,160,000 of that £3m
Leaves Bids only £840,000 of that £3m
Then add in a current monthly cost of £733,000 that is rising with more hiring
£3m barely covers 1 month of annual cost.
Last man turn out the lights.

wavecrest, they do not have until September on current cash burn.
With £2.76m in the bank end of January and a monthly cash burn in excess of £733k a month they are out of money prior to paying salaries in April.
The saving grace may be to get further tranches of £1m as pre-payments and that would stave off the need for cash.

1.5m at 15.29 does seem to be a BUY
2m at 14.36 also seems to be a BUY
4.927m at 12.23 is a SELL

VWAP was 7.576774 which for a day that started from a 10.75p close it shows it was heavily sold over the course of the day

Current run rate would suggest £733k per month before additional hires...

Cash required by end April latest based on end Jan cash of £2.76m?

2H 2020 were as follows:-

Revenue - £1.4m - (1H £300k)
Cost of sales - (£1.008m) - at 72%
Retained revenue - £392,000 - at 28%
Operational costs - (£4.4m)
2H loss (£4m) - up from loss of £3.2m 1H

It was £1m

Pluto Digital Asset to float in March/April....
It should go well.
I believe Pires have a decent holding....

Unfortunately the market has taken that RNS as it was delivered.
You may see these below 5p come Monday....
Vlad has royally fooked his own company.

The PR in this company is a disgrace.
To put out an RNS with no words to clarify, advise, update shareholders but just dump a prospectus suggesting 6bn new shares could be issued at 1p....
Honestly, amateur hour....
Given market conditions in the small to mid tier this week you may see a close in the 6p range.

6bn new shares could be issued

Also bear in mind that they did state the cash position - and it was lower than I expected BUT I did not see any amount provided for stock?
I am good with £100m of cash or thereabouts if they also had say £60m of stock.....
All in all more questions than answers so no surprise that sellers have appeared.
I expect the shares back in the £8 range.

It’s Christmas time....

Not the best start

SteveV, please advise how a MM can see into a brokers platform to monitor private client stop losses?
Keen to learn more.

Bond-investments - it has been possible to sell shares prior to owning them for decades. It is an accepted practise.
The seller is taking a gamble that the AGM is passed and that they will get their allocation of shares as advised to them from the recent placing. Only then can he/she deliver the shares to meet the sale.
This has caused a number of unsettled trades as shares are not available.
mrcautious - not sure this was the 'brokers' making a fast buck albeit it is clear that some prime brokers have allowed the 'naked' sale of shares (naked meaning clients sold without having shares in place to deliver) and hence the issue has arisen.

Exactly that MasterRSI.
Brokers allowed their clients to sell and they have not got the shares to deliver and settle each trade.
Rule 5000 insists that brokers meet their obligation to settle each on exchange trade.
Hope they force the 'buy in rules' and close any sale that cannot be delivered.....