Member Info for S1L3NT

There are a few of us long term investors here too who will wait patiently over years. Having already been sitting on losses. Won't be selling hoping the company unlocks profitable options. Excited to see what happens.

I topped up a little too. Seems the CEO may have turned it around and now go for growth. The company may be around a lot longer...I've noticed he is quite active on twitter.

Results end of the month so we will see what happens either turn around or bust

I don't think it needs to raise money. It is break even pretty much. Question is will it be able to grow without money for acquisitions....

Results as expected no surprises. Heavy loss. But most down to re evaluation of assets I think. Now new CEO has drawn a line in the sand and made the results as bad as possible. Hopefully forward and upward we go for the sake of the PI

Tomorrow we will find out results. Presumably massive decrease in month users of GDM to around 7million from previous highs of 15million. Losses reduced overall but still losses. Revenue up as lag from previous F1 motorsport comp. Revenue will then naturally decrease FY24 having sacked off tournaments and athlos. Nice to find out if GDM is making money or how close to break even it is and plan to grow GDM.

Yes agree. I do believe share options are his wage. So to make more money he would need to perform

Remember he takes no wage as CEO. I presume shares are his wage and thus he has to perform to make money otherwise he will not gain anything. Although no good news yet. I predict the results will be negative but the future Outlook maybe positive. More changes have been brought in by the CEO than the the previous useless GDM manager who did nothing. The CEO is concentrating on the quality of the product and his twitter updated seem reasonable. There will be approx 7million monthly users across GDM. The real question lies if they can grow that in 2024 can they break even and make profit. It seems he is stripping back to basics and what is scalable and profitable and building the company back up again. That's my take but see what happens I guess.

No Royga I'm down 75%, and had to average down. I'm hoping for the company to be a success to recover my massive losses. I have no inside information. I have shared stuff from their website. Check gfinity plc.com for information that i shared. I have noticed having been invested for 4 years that the RNS doesn't always have the detail that their website has.

Special resolution

4. That, subject to the passing of Resolution 3:

4.1. in accordance with section 570 CA 2006, the directors be given the general power to

allot equity securities (as defined in section 560 CA 2006) for cash, pursuant to the

authority conferred by Resolution 3 for cash as if section 561(1) CA 2006 did not

apply to any such allotment. This power is limited to:

4.1.1. (subject to such exclusions or other arrangements as the board of directors

may deem necessary or expedient in relation to treasury shares, fractional

entitlements, record dates, legal or practical problems in, or under, the laws

of any territory or the requirements of any regulatory body or stock

ORG\28533\0012\32848684v2\ORG 4 28533\0012

exchange) the allotment of equity securities in connection with an offer by

way of a rights issue;

4.1.1.1. to the holders of ordinary shares in proportion (as nearly as may

be practicable) to their respective holdings; and

4.1.1.2. holders of other equity securities as required by the rights of those

securities or as the Directors otherwise consider necessary; and

4.1.2. the allotment (otherwise than pursuant to paragraph 4.1.1) of equity

securities up to an aggregate nominal amount of £50,986;

4.2. the directors may, for the purposes of 4.1, impose any limits or restrictions and make

any arrangements which they consider necessary or expedient in relation to treasury

shares, fractional entitlements, record dates, legal or practical problems in or under

the laws of any territory or any regulatory body or stock exchange;

4.3. the power granted by this resolution will expire on 31 December 2024 or, if earlier, at

the conclusion of the next annual general meeting of the Company (unless previously

renewed, varied or revoked by the Company prior to or on such date) except that the

Company may, before such expiry, make offers or agreements which would or might

require equity securities to be allotted after such expiry and the Directors may allot

equity securities pursuant to any such offer or agreement notwithstanding that the

power conferred by this resolution has expired; and

4.4. this resolution revokes and replaces all unexercised powers previously granted to the

directors to allot equity securities as if section 561(1) CA 2006 did not apply but

without prejudice to any allotment of equity securities already made, offered or agreed

to be made pursuant to such authorities.

AGM RNS from shareholder information website. Thoughts on this? Also released 24/11/23 in case anyone missed it

Ordinary resolutions

1. To re-appoint David Halley as a director, who is retiring having been appointed by the directors,

and who being eligible offers himself for re-election.

2. To re-appoint Gravita II LLP as independent auditors and to authorise the directors to fix their

remuneration.

3. That:

3.1. the Directors be generally and unconditionally authorised pursuant to section 551 of

the Companies Act 2006 (CA 2006) to issue and allot shares in the Company or grant

rights to subscribe for or to convert any security into shares of the Company (Rights)

up to an aggregate nominal amount of £101,971, provided that this authority will,

unless previously renewed, varied or revoked, expire on 31 December 2024 or, if

earlier, at the conclusion of the next annual general meeting of the Company except

that the Company may, before such expiry, make offers or agreements which would

or might require Rights to be allotted or granted after such expiry and the Directors

may allot or grant Rights in pursuance of such offer or agreement notwithstanding that

the authority conferred by this resolution has expired; and

3.2. this authority revokes and replaces all unexercised authorities previously granted to

the Directors to allot or grant Rights, but without prejudice to any allotment of shares

or grant of rights already made, offered or agreed to be made pursuant to such

authorities.

Whats really frustrating is stockinformer could be the next compare the market for products..if they just had a vision of putting 1000's of products on to it. With a bit of advertising here and there it would slowly become a go to. The gfinity digital media websites I actually think aren't bad and visually decent/comparable to the likes of IGN. Just they need a strategy or uniqueness to draw users and keep them.

I'm not a director by any means just another PI who has invested here for a few years...sitting on big losses but hoping for a turn around...

Fair enough RoyGA

Any thoughts? I'm guessing this is all about breaking even and reducing overheads/costs.

Please also read AGM agenda 24/11/23 RNS.

Any thoughts on AGM agenda posted on their website?

Have to say the websites look better! Just hope they can drive traffic to their sites from social media.

Is that in reaction to a bit of UK growth so holding interest rates or the restaurant group getting bought out??

That doesn't make sense tbh. Have you seen MAB debt?? IT's all about growth I suspect and debt reduction at the same time.

No necessarily going bust just they have been mis managed for a long time. The previous CEO was lying to the shareholders. The new CEO is aiming for breakeven and 10mill a month regular users of GDM. They are in a turn around moment but we are waiting for real figures before people believe it as the history of the company has been poor