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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?
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.
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.
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.
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.
Could be a tr1 after those sells, see who it is.
Watch some of his videos from 2-3 years ago, he looked chipper in those as well talking about how RHA would be a producing mine and a load of other schemes he’s into. I don’t see how this time will be any different but he may get lucky one day I just wish he’d pay himself a sensible wage until the company is actually making money.
Anyone here done the maths on how much has been raised over the last 3 years, how much of that has gone on wages and how it compares to the current company valuation. I wonder what GR or the prem Twitter would have to say about how they’ve done.
As if you need a bonus on £400k a year. I hope people get their money back or make some here but I don’t know how companies get away with this sort of thing but they all seem to be at it. Just something for people to bare in mind when investing in the future. Companies not making any money and paying themselves over £100k seem to be ones to avoid.