Member Info for shamI89

Can land very soon, lenders would takeover assets and shareholders would get nect to nothing. Buying regal with debt was a huge mistake and covid did not help either.

He has no clue, which was a formality and meant to start in September 2021 has not been commenced in August 2022 and PF is giving us random dates to keep shareholders engaged. He needs to get a placing away so would say anything to engage investors!

Dont mind paying premium , I have got a feeling that bod is hiding something, in three weeks they have released three contradictory RNS and last one sounds suspicious.

If you are referring to me, then no.I want to see audited results before making any sort of decision. Right now it is traders stock so it is better to be out of it. Having said that I remember you from WSG which used to be your favourite "p&d" and you were convincing everyone to buy at 4p, I was bearish on it which you did not like but where is it now....

Confirmed that rumours are true and a suspension or debt to equity swsp RNS can land anytime now. So investors are looking at complete or partial wipeout .How can it be a good news?

BOD did say that results are expected to be published at the end of this month, having said that I clearly stated that I was in for a trade.It is entirely different scenario now .

Being published, BOD released an update at the start to inform market that results would be delayed due to some minor issues and everything is same as before, then we had an rns last Monday which informed investors of some "minor issues" which can affect ebidta and debt and results Bod hopes to publish resuots by the end of this month. However we had RNS on Friday stating that results wont be published on date specified and shares would be suspended. It looks like auditors have found something that needs examining closely and that is taking time. It can be a minor issue or can be a major we dont know yet.If it is a minor issue share-price would bound but anything major can land this company in serious trouble. That is why investors hate suspension .

Some guys were trying to mislead others by saying that suspension is not 100% uncertainty, which it is after RNS on Friday. There is a reason we saw sell off on Friday....

As per PF's own admission ratification is expected in Q4, although I wont trust him. Market does not trust him for a reason as what was meant to be a formality has taken 1 and half years and still no there.... Liberian contract is dead so is iranian contract.This company has survived on placings for years, PF used to use "Mous" and contracts to get the market excited and then announced placings, while "twitter influencers" would sucker in newbies to create volume. Problem is you cant fool people all the time and that is what has happened here. Many "twitter influencers" are sitting on heavy losses themselves as people dont buy into their bs anymore, Market is not getting excited by Pf's rr multiyear contracts and buyers want something concrete.

Sentiment matters, when last two placings were announced sentimemt wss high, company had turned a small profit in first half(thanks to covid related buisness) .So it was anticipated that revenue from these two contracts would make up for any shortfall. However everyone agreed that this one was a last chance for PF. Even PF announces a big contract win today, we all know that he would riase money to meet "pre-contractual expenses" and he wins these contracts through offering next to nothing margin.He needs to increase revenue by 100% just to break even and I cant see that happening. Something is brewing and we will find out soon as a placing is imminent and nothing is straight in PF's world. He needs 5 million to cover administration costs .These placing shares would create a over-hang as these shares would be flipped for a profit immediately and will be traded for 10/20% gain.That is why I say that this share-price is stuck in 0.5/0.6 for a very long-time

Hard to predict as I have seen institutional investers lose big money. Problem is you can do all sort of due diligence but if books have been cooked there is nothing much you can do.Sometimes circumstances beyond your control are dictating share-price.

Think I stated blatantly that I was in for a trade which I did really well of.However in a space of three weeks BOD released three RNS which are contradictoey to each other. In first RNS we were told that results would be delayed and as far as BOD is concerned everything is same and BOD expects to publish its audited results by the end of this month.In second RNS we were told that there are some issues which can affect Ebidta and Bod is working with Auditors and expects to release these results by end of this month. In third RNS we have been told that BOD believes it wont be able to release results as on-going work is taking longer than expected and shares will be suspended from trading.I am curious to know what these "issues " are and why is it taking longer than expected. Suspenion is 100% imminent however not sure what affect can these issues have on Ebidta, net debt and revolving credit history. It can be something minor or can be something major, anything major can land shareholders in big trouble and shareholders cant do anything when trading is suspended.

It is not probablity, it is certainty as they would not have released this RNS if there was a slightest chance of releasing results on time.However as I said it is all about audited results as it could be a minor issue or could be something major we dont know yet.As I said depends on how long it is going to get suspended and what results we get. May I suggest that you go through latest RNS and then tell me what bit makes you think that it is a probablity that results wont be published on time.Having said that think we had few interactions on WSG bb, which used to be your go to "p&d" for 10%, but......

As BOD has clearly stated that they wont be able to publish audited results by deadline.In my opinion auditors have come across some issues that require close examining and need more time. These could be some minor issues or could be something major we dont know that yet.On top of that nobody knows how long will suspension last and what will be outcome. Market hates uncertainty and that is what has driven share-price down. Language used in RNS on 11 was reassuring and it looked like they would publish audited results by deadline.However it is a different scenario we are looking at.

People who got in at last two placings thought same. Truth is all they did was funding Fowler clan for another one and half year. It used to be a safe bet under 10 however PF has killed sentiment for good. Once it breached 4p there was no volume and people started bailing out.Only bounce we saw from 2.2 in anticipation that iranian contract would come alive.Apart from that there was not a chance to get out with a profit and traders would got in to trade in for 10/20% started bailing and drove price even lower. Let him announce a placing at 0.5p and this share will be stuck in 0.5/0.6 .

I hope I am wrong but I have got a feeling that auditors have discovered something that needs examining closely and that is why they are asking for more time.Second RNS was positive , however third rns is negative .It all depends on audited results and balance sheet.

After audited results are published. I thought that audited results would be published by the deadline. It has gone too risky as we dont know when results would be published and we may come across something nasty. Behavious of BOD is suspicious they have released three RNS and eachone is more suspicious than others. It can be a minor accounting mistake or can be something huge we dont know.

His placing news tend to be true, lets see .I do think that some placing shares are being forward sold as there was no volume for couple of months.

My apologies cash balance was 0.4 million on 30 June, he has run out of money .Volume was non-existent however we have seen a surge in selling activity all of sudden.......Share prophets has published a story that a heavily discounted placing is being worked!

Has destroyed any value , market is rightly anticipating a placing as 400k that he has would only last him a month and half. As usual he left it too late and now a placing at half a penny is looking on the cards. That will be 90% value destruction in a year. I have seen it trading at 80 many many moons ago, at that time PF was regarded as one of best CEOs , who has found a model which would cost nothing and was fool-proof. Over the year I found him to be a compulsive liar with zero regard for shareholders. Trump imposed sanctions and everyone knew that iranian contract was dead however PF tried to put a "positive spin" on it by saying that he is working with relevant european authorities to receive payments throgh alternative chanels.