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just bought small amount again today at 1.17 pence... are the finals due on Friday 21st October?
don't have much spare cash at the moment but happy to put some hear and happy to trade and hold.
i like it.
Hi Gusto, if we do get a year of $130 per barrel that would bring about $9M per year to EOG, trouble is it would choke off the economy too which would lead to more depressed activity. Incidentally an $9M income is encouraging when EOG is valued at Market Capitalisation of £11M , just hope the Management team here can set a steady path then this is a nice entry even if it dips below 1 pence due to economic worries and winter blues its a interesting setup to watch and accumulate steadily.
just a small buy for us today
unless you have money to burn and you can accept loss as the same imposter as gains. GET OUT. this company will go to the creditors. the share holders will get nothing. If you believe in Bitcoin then buy bitcoin. Bitcoin is a far safer option than this. they have given you a blue day to get out.
Guys, Just feel that everything is very expensive right now. We’ve had very high inflation, they say 10% but i think it’s more like 25% for the last two years. Every asset class is very very expensive. So option 1. is we print more money creating more inflation. or 2. deflation, as in asset prices start to reduce. I think we have already seen the top of the price curve. I don’t know what event will kick it off but i feel people will be selling anything of value, so even though gold does well in a recession it might not do well if we have depressive deflation. So imagine a reduction in the value of assets because there is no fluid capital. No money (very little money) to buy assets. Does the BOE do more and more QE? where is the growth? Labour will win in 2024 then they will tax and spend. Until that time its either very flat or very depressed
please don’t put 10k in yet. btc has not bottomed
well said aldebaran, i’ve been think and saying it for years, even my best mate disagrees with me. worlds been upside down since 2008
does anyone else see a drop to $5000 per BTC a real possibility? Economic conditions are dire in every industry. I believe they are planning the next crash right now. No asset class is safe. The institutions will be ready on the short side.
they just said expected by end of Friday gone, but its so lined up it’s unbelievable how fast they can create an admin process
to submit this to court at 1pm and get an answer by 5pm i mean wow thats is fast
feels like a very sobering day today. also that the market is rigged (which i knew) and that Private Investors nearly always lose in these situations (which I also knew lol) back to the grind stone! I just wish crypto offered an honest alternative for Joe blogs but that too is a casino (the house wins) just like this. Grateful for my family and friends. Hope that pensions can be saved because they took a lifetime to pay in and you can't get a lifetime back.
Ban Boy I've lost 2k as well. I also believed Morrisons would not let this become reality. Feel very sad today not really because of the money just for the whole situation that yet another long established UK company goes
I own one store too, good luck
Its too simplistic to say “stock is being dumped” all one can say is that shares are being transferred from one party to another. I wish all the shares were coming to me!
In 2014 when Mccolls floated James Lancaster (founder) and Jonathan Miller had a share allocation of about £50M each. Miller has been on a salary of about half a million a year for lets sat ten years. His holding of 11m shares worth £200m at 2 pence today could be worth £1.2M with a good solution that revalued Mccolls back up to say 10 or 12 pence per share.
Accumulation could have already taken place via a few different financial instruments to keep the declaration below 5% or an existing major share holder who is already above the declaration thresholds could have mopped up all the cheap shares.
Obviously, there will be shares issued to a bank or another third party in return for say £50M to be used for conversions but that could be issued at 10 or 20 pence a share once the threat of wipe out is removed.
The next few weeks will be interesting and long term holders will do okay in the end.
Who ever asked Miller to move on, they are already in control of the company. Who ever that is bought a huge amount of cheap shares over the last three weeks without declaring. The fragments below 5% will be transferred into one holding eventually. The banks will agree to a bridging facility.
Morrisons can take control of half the shops and half the debt in the blink of an eye that still values mccolls at say 20/30million. its no big deal. today everyone is feeling the bounce at grass roots people are buying again. the banks will be insane to send this under at a growth point. there is nothing to be made by asset tripping. the money here is a genuine recovery and only needs a hand holding to get back to profit
well said toptuf
i suspect yes buys over 2p
tripple your money from here, ignore the dross
this is nothing like debenhams, ashley bought in to get control and drive it down while his mates unofficially sold it short in order to give ashley his controlling stake back to help him with eventually taking it private. Mccolls is simply suffering from mediocre management during a pandemic that now has everything to give and live for