Member Info for shamI89

Hit 350 not so long ago and then sp kept on falling, it bounced off 260/270 level couple of times so market was pricing in some weakness. We still don't know the whole picture it could be a knee jerk reaction .

They would conclude internal review first and then we will find out about financial situation.It looks like rights issue is a distant possibility at this stage.

An email about latest update and funny thing is I set it up when this company used to be called Obtala Resources, it had significant stakes in Bushveld minerals and paragon diamonds.Since then it turned to timber and then bought a chain of stores if I am not wrong. Looks like another lifestyle company.

In my opinion share price tends to follow right price as I have seen in Rolls Royce /Iag it might not hit 1.07 but should be somewhere there, so it is worth waiting for 29. Rolls Royce shares fell to 100 on announcement and then went on to hit 260 and then fell to 60.

Think LG is launching TV which supposedly use Nano technology and quite a few people were confident that we would get a RNS regarding that.

Wow, it is a huge sum of money that Samsung had to fork out but should take sometime.

What sort of money are these lot looking at, if they win the case?

But I cant see any logic behind it as money was raised to repay mezannie debt and Clns so everyone was clear about use of money .

Sellers who are selling into any rise .Trade volume suggests that these could be "institutional" sellers who PF referred to and if they took part in placing then they must be desperate to let go of "their golden tickets" for 1/2.5 and 5% profit.

They know more than any of us and as things are unfolding seem to have made a timely trade!

Think most of these guys followed "twitterati " who first pumped it to 7 and made huge profits.Then took part in placing and forward sold their shares while ramping it.Now they have got out.Gareth was a part of this whole "p&d" operation but he started this "bod removal" compaign to keep shareholders invested and divert their attention from operation failure. One mintue they were threatening eachother with legal action and next mintue they are best friends.

People have been misled as this product was sold as a gauranteed money spinner and its "earning potential" was used to lure people in.If it had potential to make money BOD would not have sold their shares at 5 and they would not have raised 5 million.

They need to check if market exists for these masks as pp said that some low quality masks have shown same characteristics. As I said that at this stage it is an idea and we dont even if this product can be sold or not?

What would happen if they fail to get their "5 ply " masks certified?

But that can be take care of if this product starts throwing off money soon!

Company said that they are getting loads of enquiries and actual demand may be more than 5 million masks, then they raised 5 million.Why do they need to raise 5 million when product has a huge demand ?

I had similar discussion with somebody here and they said that product is superior and would last a long time.Looking at this product online I cant see how different it is from disposable masks available and why would somebody pay £1 for a mask when similar masks can be bought for about 10p on Amazon?

Having said that, company has not provided any info on profit as disposable masks are available in the market and they cost 30p to buy from local shops. We dont know how much it costs them to manufacture these masks and what sort of price they are looking at.Besides that whole purpose of wearing a mask was to shield public from catching the virus, if everyone is vaccinated why would they need to wear a mask.

It is more to do with churning out placing shares, looking at twitter posts I can tell which "institutional investors" have taken part in placing and that would kill any chance of a sustainable rise in future.Having said this share has been a trader's shares for quite a few years.

I guess a twitter pump was expected to let placees out with some profit.