Member Info for shamI89

RE: Rns15 Jan '20
£652.16k mcap.....hummm even the website domain name must be worth way more than that ...given the popularity of "the cloud" right now.
Is that not your post?

Ask is now 1.14 and all it took is £500 worth of sells, imagine what would happen to shareprice when unevitable sell off starts.

Wait until tomorrow and you will see.Have you forgot cbuy where you were telling people to buy it at 0.5 and when it crashed to 0.1 you were moaning about liquidity.

It is getting delisted and share price would be around 0.10 so there is no denying that. Now get back to basics shall we.

Funny thing is always same story , go through his posts on cbuy bb and when shareprice was 0.10 his pal was moaning that there is no liquidity and spread is massive.I see now he has realised that he cant move this with his antics and would be exiting shortly.

Hahahaha jealous??????

Keep going , we are warning others and we will find out tomorrow who is right.

You must have realised that you are throwing good money after bad money and your tiny buys today wont make a difference, that is why you want others to punt their £500.Good lad, now you are getting the sketch.

Nobody is buying apart from these two and that is even more better as they would lose further money. Give it two days and we will see these trading 0.1

Looks like Suhail is throwing futher money to buy these at 1.5 and would even lose more money.Today is not his day.

So whoever is buying is already down 60% and constant sell off could see them losing 90% value.Dont be fool and avoid like a plague.It is getting delisted and tomorrow is last day.

As far as 3 buyers are concerned, you can apply "bigger fool" theory to them. Don't take my word but watch the price action tomorrow and day after.

When it is getting delisted.

Let us see but in my opinion any d4e swap would dilute existing shareholders heavioy.

Exactly that is my point, in my opinion d4e swap would give them most of the company and majority to take it private.Really Really bad for someholders as somehokders have much higher averages.

Debt holders own the company effectively and total debt is 123 million. So it would be interesting to see how many debt is converted ibto equity.In almost all of debt to equity swaps previous shareholders are heavily diluted but here is the trick as debt holders are also largest shareholders and they own 66% shares so debt for equity swap could increase their shareholding to the point where they can gain majority to take the company private. I hope I am wrong but I cant digest the timing of this D4E swap as company is generating enough cash to pay off debt in couple of years or more and lenders should not worry about debt but they are imposing D4E to dilute existing shareholders.

As somebody posted these major shareholders own 66% shares and they are debt holders.So if they enforce D4E swap, previous shareholders would be heavily diluted and these lot could end up owing the most of the company and can have majority to take it private. I am not an expert but right now they should have made an offer to previous shareholders but instead they are going through D4E swap route. Company is generating enough cash to meet quarterly interest payments and production rate is improving , so why go for D4E now?

Banks wanted to raise 20 million last year but these major shareholders opposed it, company is in much better position today and they bought the debt and now want to enforce D4E swap.

I cant Digest this D4E scenario as right now company is generating healthy cash and should be able to meet its quarterly interest payments and production is increasing so further cash would be generated. They needed to make an offer but instead they have gone for D4E swap and that would dilute existing shareholders heavily. Candy brothers and Other major shareholders hold 60% or more between them.

However they can also take it private as now they would almost certainly own most of the company. I hope I am wrong but this is likely scenario I can see emerging.Now company is able to pay off debt and production is rising, so why should they enforce debt to equity swap now?