Member Info for roleybirkin

I understand what you are trying to suggest Dan, but I have to disagree.
Winterfloods are the market maker behind the RSP and thus they would be behind the movement in the bid and offer based largely on the volume they see from selling and buying.
I can advise that I was bid for stock by a third party broker who were buying to complete a sizeable buy order. I also know another broker has been bidding for stock this last few days and would guess that is another block buyer.
The result is the same in that block buy orders will likely drive the price back towards the 16p level which is where this stock was oversubscribed just a few weeks ago.
Sleep well.

Hi Viera. Who bid you for stock?
I am guessing your broker called you after another broker contacted him?

All received signed and returned..........
Looking forward now to the future and building a significant business.......

Kin Groups Aim listing runs out today was my understanding but I am guessing they may have got a short extension. Assuming such an extension is possible?

I can advise that the company have successfully raised funds as I have got an allocation of new shares at 6p from one of my brokers.

The Broker has advised that trading is hoping to commence on or around 17th September and any allocation of shares would be cancelled if the deal does not go through.

No I do not jest Mozax - That is exactly how you buy blocks of stock in difficult or illiquid names.

How else can you buy size in stocks that trade on an NMS of 15,000 shares. You ring known holders to see if they may be sellers.

The only other alternative is to put your buy orders into the crossing platforms (FCA gave them the name multi-lateral trading facilities) and whilst that works if you run into a seller the match rates in such systems is very low for difficult and low valuation stocks.

I disagree 'draft' - I know the team at Argo well - Simple business model in an unregulated and volatile sector - Spells every chance of success........ but obviously with some risk......

I know the team at Bidstack also and comfortable with my holding.

I see the Bidstack issue was oversubscribed and allocations set high at around 90%... All happening.

Sellers have dried up today and the RSP volume has been solid buying.
One broker has been bidding for stock ringing some of the known holders so there is an instituional buyer sniffing around at these levels.
and why not? Buying 16p of cash for 10p or under makes eminent sense.

Never know for sure 'draft'

Argo Blockchain thought the same - Heavily oversubscribed at 16p and within two weeks languish at 9p - You can effectively buy 16p of cash at 9p so it tells you a story.

This can go either way especially if legacy shareholders of Kin and maybe Bidstack sell at the open.

Thanks for the note 'draft'

You are correct in that ordinary shares sit at 25,010,280 but with 3 deferred shares in issue it may get a bit cloudy on any allocation. That was my main point but here's hoping the deferred shares fall away and any allocation is just to ordinary shareholders.

Time is short now so here's hoping a shareholder announcement happens soon.

Kin Group seem to have 4,069,194,746 shares in issue (multiple classes) as taken from Companies House dated 11/1/2018.......
That is a lot of shares - and not knowing how these type of deals go down I cannot believe existing Kin Group shareholders will get 1 new share for every 1 existing share?
I wait with bated breath.......

Hi MorningJan...... You are correct Kin Group share trading is suspended.
The hope is that shares will commence trading as Bidstack this coming week.

Why a bit iffy lukehere?

I am hearing that all is progressing from a broker or two. Seems tat some hard work still being completed and hopefully shareholders will get an update come Tuesday. (Perhaps more hoping than known for sure)

I am still hopeful but agree days are running out.

jalapem - I would also add that any raise should have been completed by now (given listing will be days away) and thus existing shareholders have had no chance to take further shares at the 6p issue level - That is disappointing.

If you believe in bidstack and the new board then you can buy additional shares on the market sometime next week at 6p or thereabouts.......

I hear you jalapem - but bidstack is the innocent player coming to the table- It was Kin Group and its awful management that has lost a lot of people most of their investment.

My worry is more around the Kin Group directors getting a seat on the new board as they know little about egames and a poor track record.

News out in Asia suggests that Argo Blockchain competitor Canaa of HK are moving closer to listing on the HK exchange.
They hope to list at around $1bn if all goes well.

Are you really matlot?
I think you may well be right on this occasion - Still wouldn't like to call it though as still things to close down - Nothing is assured but each day ticks the percentage chance upwards.
Including today - just 4 working days to go.

Reading the announcement matlot would not suggest it is done? Just a bulk standard notification that meets the regulatory requirements they have.
My feel is they are close simply as time is running out.
It is GO or NO GO time with all paperwork having to be filed by close next Wednesday for them to be trading Thursday morning 30th......

Announced this morning - The outlook is as follows:-

As announced on 16 August 2018, Kin and bidstack continue to work towards a RTO. Negotiations are at a very advanced stage and the Company hopes to make a further announcement in relation to the posting of a circular to shareholders, comprising an admission document in relation the RTO, in the near future.



The Directors believe that bidstack is a dynamic young business in a sector which they believe is capable of significant growth, and that the RTO presents the Company and its shareholders with an exciting opportunity to invest in a business with significant potential in a developing technology sector.



The RTO remains subject to contract, additional fundraising and satisfactory completion of the necessary due diligence and, at this stage, there is no guarantee that the RTO will complete. Trading in the Company's ordinary shares will remain suspended until such time as the RTO is completed.

Results out this morning on RNS

Kin Group Plc today announces its unaudited results for the six months ended 30 June 2018. The Interim Report for the six months ended 30 June 2018 will be published today on the Company's website - www.kingroupplc.com.

Highlights

· As announced on 5 June 2018, the Company is in discussions to acquire bidstack Limited ("bidstack");

· The Company invested £400,000 in bidstack in June 2018, by way of convertible loan note;

· Cash as at 30 June 2018 of £328,000;

· Operating and administrative expenses of £90,000.



Overview



Under the AIM Rules, the Company became a "Rule 15 Cash Shell" on 30 August 2017.



Following the completion of a corporate voluntary arrangement and placing to raise £1m before expenses on 15 November 2017, the Company had discussions with several businesses interested in obtaining a listing through a reverse takeover (''RTO'') into the Company.



The London Stock Exchange suspended trading in the Company's ordinary shares on AIM pursuant to Rule 15 of the AIM Rules at 7.30 a.m. on 1 March 2018 as the Company had not completed a RTO by 28 February 2018.



Since then, the Directors have considered a wide range of potential acquisitions and, on 5 June 2018, announced that it had subscribed £400,000 for a secured convertible loan note issued by bidstack and that it was in discussions which might lead to the acquisition of the entire issued, and to be issued, share capital of bidstack by way of a reverse takeover.

I did see your post but you said 2 x 20k - I guess you meant 2 x 200k......
Apols.
I have just been bid 9.2p for stock. There is a patient buyer at these levels.