Member Info for saintpeter7

We live in hope Taverham.

All those automatic sells this morning. Depressing.

As RNS has not been published yet here, here is link to it

https://www.investegate.co.uk/gaming-realms-plc--gmr-/rns/pre-close-trading-update/202201260700046211Z/

Excellent update. With share markets as they are at present, it would seem that we need to be taken over to produce a fair value.

https://twitter.com/StockBoxMedia/status/1485325193178492931?s=20

Interesting - Alan Green talking about Echo Energy and he considers the share value very much disconnected with its true value.

More on the matter saying that Ontario may delay the issue of gaming online licences until Q2 because of the effects of Covid on closing land-based casinos, bingo halls and gaming establishments. However, I would have thought that the Ontario Gaming authorities would wish to get on with getting income from the online licences. We shall see.

Mind you the land-based casinos aren't too happy. No surprise there!
https://www.legitgambling.com/news/ontario-government-may-lose-2-8-billion-due-to-licensed-igaming-industry/

The company's licence to operate in Ontario might not be that far off. I would certainly expect it to be in Q1 2022.

Initially, Ontario’s new iGaming regime was on schedule to start its new market by the end of 2021, but it was delayed. The market should come sometime in Q1 2022.

https://www.casinoreports.ca/2021/11/10/ontario-provides-update-on-its-igaming-market/

https://www.linkedin.com/posts/gaming-realms_gaming-casino-casinogames-activity-6889511887877287936-sAlY

And so the development of Slingo continues with the latest announcement
https://twitter.com/petergedwards1/status/1484974030440570883?s=20

Good to hear demolition.

MEGH cannot get their litigation finance business off and running until such time as the securitisations have been completed by the listing of the Bonds; that we all know. They have been building up the team to operate the new business which it is Rob Cooper’s ambition to become the largest in the U.K.

They have been let down by the institutions that were to invest in the Bonds on the Maltese exchange in that they did not come through with their funds when initially promised before Xmas. In that this institutional investment is essential, I expect Rob and his team to be working overtime to get that investment in place. Otherwise, all those appointments that have been made and are still being advertised will prove very costly.

I still expect the Bond issues to be made, but they will have to work hard to make the new litigation finance business the success that they and all shareholders want. They certainly can’t continue with securitising through Malta again as that may have put institutions off with the problems that the Maltese financial markets experienced since last June when the Paris-based inter-governmental Financial Action Task Force agreed to put Malta on the grey list of untrustworthy jurisdictions.

I like the ‘treasury management of the litigation funding function’ as one of the jobs that the new CFO of the ME Group will have. All getting set up for completion of the long-awaited securitisations.

For clarification on Zenith Minerals who have their lithium asset in Australia. https://smallcaps.com.au/zenith-minerals-reveals-high-grade-copper-new-lithium-alliance/

Because they have traded at mid market quoted price at the time. So they could be either buys or sells.

I do have 1.34m shares.

I would be expecting CC Capital to have to convert their loans to Forbes at or about the SP at the time of the announcement of the details of the conversion. So the higher we can have the mcap, the better.

Although Rob Cooper says that it will be to show the support for Forbes, I hope that they don’t decide to sell some of their shares. We need the conversion to have a tie-in period.

I am more conservative with the SP that I expect us to rise to prior to the bond listing being confirmed, but I won’t say what I expect it to be.

The company’s future business plans is what I am looking forward to hearing about and will be crucial to how high the SP can go.

Let’s hope they can get the investment into these £100m worth of bonds by the end of January. It seems that now it is not necessarily the Maltese securitisation process which is holding things up, but the actual investment commitment. In that, admittedly some 2 years ago, the ME Group said they had institutions ready to invest £500m, it has been very disappointing to have this delay in follow through by the institutions. That has been somewhat of a surprise considering the undoubted U.K. potential for a successful litigation finance business.

I am encouraged by the increase in litigation finance staffing by CC Capital over the last couple of months which all points to 2022 being the year when this business finally takes off.

Hi Gregfin. I am as frustrated as you as I hold some 1.34m shares. Let’s hope we see something on the MFSA website tomorrow or Friday.

I am encouraged by what rugbyrod has been told by Aquis, but we shall just have to wait and see.

Sorry Gregfin, but I see no connection between AX Investments and Forbes Ventures. ME Direct Bank has no relationship to MEGH (now CC Capital) and if you look at the announcement you referred to in your previous post, AX are a development group.

My worry is that the investors have not fulfilled the binding commitment that was anticipated and that has not allowed the bonds to be listed yet. As the company has not issued an RNS to say one way or the other that the listings of the bonds will be done by 31 December, I am praying that there still is that possibility.

So we have at least 4 working days on the Maltese stock market starting with today, Monday. Come on you Malteasers!

If the listing does not happen before 31 December, the Accounts will be delayed until it does. Even if they had to be filed with a going concern qualification, it wouldn't matter. Such a qualification doesn't mean that the company can't continue.

I expect Aquis would give the company some more breathing space if they receive assurances from the MFSA that the bonds are to be listed.

Even if the company were delisted from Aquis, the Board would apply to be relisted, even perhaps on AIM.

There is no way that Rob Cooper and the board of the CC Capital are going to let Forbes fail as it is very much part of their litigation finance plans, which, as can be seen from the job advertisements, is being set up for 2022.

Mcap £3.2m not much more than a shell value. The company needs to get its act together. How can the Sarawakians take a company with this mcap serious when looking at bids for SK334?

Perhaps the company needs to sell its interests in Tunisia to raise capital, if anyone would be interested?
https://twitter.com/petergedwards1/status/1468992294384807937?s=20

Have tweeted, but will it have any reaction?

https://**************ckX8t2okd3A5ZDM0