Member Info for Shack22

Some massive buys today but it is at a bit of a bargain price now. I’ve always thought FDEV would get taken over at some point of at least a bid that would lead to a re rate. It’s possible the company is pretty much not for sale at any price as it seems they don’t need so are not in it for the money.

Am I right in thinking some placing shares became available to sell early June, I’m sure some placing shares had to be held for at least 6 months. Could be a reason for the drop and hopefully they will be cleared soon.

A couple of blue days, looks like maybe sellers from the 14p placing cleared so could start to move up a bit now.

I still think a lot who got placing shares at 14p will be selling for an easy profit so until they are done we could be held back.

If you read the Sres you will find more details of the latest acquisitions, noting to get excited about but no doubt another asset to talk up.

Looks like a few who took the placing shares are taking some easy profits. According to DL he got his yesterday so may explain yesterday and today’s drop so far.

Keep buying guys Trevor still has plenty to sell you.

A bit must depend on if Capital Jersey want to make a quick return on their 10p shares, who could blame them or they might know where this is going and hold them for a bit longer, looks like someone is selling though. Does anyone know if they can sell them straight away or do they have to hold them for a period of time first?

They have no money though so it will only come from some type of dilution this way. Hopefully he’s just bluffing so we get better JV terms, could go up or down!

Thinking the same, the rise is nice but every time we’ve seen something like this it gets used as an excuse to raise money to keep the lights on a little longer. Hopefully this time they won’t do anything like that and get a partner or something otherwise we will be back down with little hope of any more big rises.

Well there can’t be much money left to pay GR’s wages so they are going to need some money from somewhere soon. Consolidation here would be a disaster - consolidation, placing then price slowly drops all over again.

Still think there are a few big sellers about but they can’t have many left.

Just had a look back to find how long the absolute dog PREM was suspended for when they didn’t get their accounts in in time. It took them almost a month to get the accounts sorted and submitted but only a day for them to re list after they were submitted. Surely shouldn’t be long now and with the questions answered for the pod cast they must be fairly confident it will be soon.

Was you saying that when the large investor was paying 10p and the shares were 7p. They also get a load of warrants at 25p so they will be expecting it to go way over that.

Now that’s out the way and hopefully settled he might be motivated to make some real money knowing it’s not going to be taken by the wife!

Written off your holding! It clearly says what is happening in the RNS, when they submit the accounts which will be done before the end of the month it will be business as usual here. Probably a few spooked and sell so a drop in sp but if you believe what’s been written in the RNS’s to date and the interviews AZ has done then hold and hope it all canes true. PREM had a similar suspension a few years ago 2 jul 2018, they were suspended for about 3 weeks while they got the accounts sorted then re listed when submitted. It took them a bit longer than expected here but very similar. We have been told end of the month max so no reason it won’t happen.

They just need to get the accounts done ASAP as the dates have changed but accounts still need to be done so looks like they will have them sorted and out of suspension by the end of the month. Hopefully AZ half planned it so he can release some good news in the meantime so to catch out the shorters who have been skating the company and who he has been threatening to take to court. If I remember right PREM (joke of a company) couldn’t get their accounts sorted in time a few years back and had to suspend until they were sorted.

Has anyone with the right tools been able to check if the ‘buys’ reported from Friday are actually buys? If they were all buys it’s odd the sp has been dropping.

That would suggest the seller had a 7%+ holding here which would narrow it down considerably as there can’t be many of those.

So £2m and another £1m possibility from the same seller is not a tr1?! That’s well over 3% of the company, get a grip yourself.