Member Info for shamI89

to see that sp is holding up, looks like market is neutral on results .

Dont think you should bother with him mate, you have been in this game for too long to know that bb is last place to take advice from and everyone here has an agenda.It is down to results tomorrow , if they are good no "deramper" can stop this rise.

Selling has been relentless and any odd bounce was shortlived.I guess shareprice attracted a lot of short-term trader looking for a quick trade but share price kept on falling and very few people had a chance to get out with a profit.

What would be market reaction tomorrow , I am guessing that quite a few people got in around 50 mark looking for a quick trade, which has gone wrong. Market is not trusting this company and we will have to see if update tomorrow would restore that fact.There would be opportunities to trade it for 10 or 20% .

Dont think any shareholders would be allowed in , read latest RNS, two directors of company or their representatives would be allowed in only. What kind of meeting would that be without shareholders?

I bet you have not bothered to go through results, things have changed since February , it was an accounting blackhole last year that nearly brought this company down.So it is natural to be cautious when results have not been published and company is not giving out any indication of revenue, profit and loss.

They will get something as they own 25% of total debt. But why is company not publishing results?

results which she should have been out in Late February/end of March.They are seeking an extension but already had extra two months to publish these.On Thursday they announced that they cant raise 6 millions and wont release accounts after consulting with auditors. Problem is that year ended in November .That does not sound right as previous fiasco was brought on by accounting errors , in my opinion accounts include some blackholes which company is not telling us about and that does not bode well for investors. Dbay put 55 millions as a loan at 18% interest rate, which is due to be repaid in August 2021, if company does well dbay would get their 55 millions plus interest and their 51% stake in company would go up in value. If company messes up they would be first in line to get any money from sale of the company .So Dbay are pretty much covered.I am worried that company might not get any extension as they already had two months extension and shares would be suspended from trading.Company would have to publish audited results to come out of suspension and if results are found to have any blackhole, equity holders would be wiped out.

Dbay are pretty much covered as they have put in 55 million at 18% interest rate so they have 51% equity interest, if company does well they would get their 55 million back plus 36% interest and value of their 51% stake would go up. If company messes up due to them being a major lender they would be first in line to get any proceeds from sale of company or they can convert their debt into equity, shareholders would be shafted as before.

Without results investing in ESL would be risky as company had already two months extension and may not be granted any further extension. In that case it would be suspended from trading until it publishes final results for year 2019. If their financial year ended in January or February we can Argue that Covid 19 impacted auditing and results could be delayed.

Dbay owns 51% of greenwhitestar and esl owns 49%.Now why would major investors would vote for a deal that leaves them with a cash shell?

It is a cash shell that owns 49% of that buisness I think.

Company should have published its results by the end of February otherwise or it risked facing suspension.So looks like it received an extension and has applied for further extension, which might not be granted.So shares could be suspended from trading if no further extension is granted and company has to publish its results to come out of suspension. Is there something wrong with the balance sheet , due to which comoapany is unable to raise 6 millions and is not publishing its results.

Their results which have not been published, Financial year ended on 30 November, I think there is a time limit by which company has to publish its results.Deadline could be extended but company is unable to give us any numbers and has failed to raise 6 millions, which shows that results could have some nasty surprises.

Think he is in for a quick punt , which has gone wrong.Mentality of most aim investors is "we know it is a crap company, which wont make a profit ever, but as long as we make a profit we dont care".

I am not giving you any investment advise, time will tell who is right.

Next week woukd be interesting as on Thursday shareholders would get to vote on placing and warrants, which I am pretty sure would be voted through as in my opinions people who had placing shares have already sold but if they have not they would easily sell these for 200% at todays price and not to mention warrants. This is screwed.

Then that means no tourist would be coming to UK until this pandemic is over.

Trust me if I could short , I would have made an easy 70/80% on this .But I dont need to.I am doing this to warn newbies as some poor bloke put 19.2k in this company and is down 60% so far.There must be others in same condition as him. If you are so confident about this company , you should not worry too much about my "deramping".

Not really company in question WSG has sold 4 million worth of equipment and numbers for April and May are yet to come out. But I need to go through numbers to make a decision .I am not bashing ctea because I dont think that immunity passport wont work .Company is not sure if this project would be finalised or commercialized, but how they pay these liabilities if actual revenue is 102K ?