Member Info for shamI89

Did not know I needed your permission to post here.But did try to warn you about "placing"

Should have listened to me around 4p when I said placing is on the way.But.........

£30 millions on a contract which is worth about £100 millions over 6 years.

They were forced to move up too fast or may be they were too clueless about expansion as it has proven to be a disaster.

A placing was imminent after last update but discount is huge.Participants in last placing have lost 90%!

Not sure if placing shares have hit the market or have been forward sold.But this is a very illquid stock and existing shareholders have effectively been wiped out.A speculative punt at best.

A punt on the basis that they still have orders but these jokers are clueess when it comes to operational side of things.

It was crystal clear from last update that they needed money but discount is astonishing.

He does not understand bonds by the looks of it so there is no point in arguing with him.If anyone wanted to take a position he/she should have waited until refinancing.

Bonds have already lost 85% value, so at the mintue market believes that bondholders wont get their money back.However if fresh money is injected and buisness improve than probability of them getting their money back increases.However bonds tell that equity is worthless.

#positive restructuring" such a thing does not exist I am afraid.It is clear from last update that shareholders would lose a big percentage of their investment.We will find out soon how big it is.

It is not investing it is gambling and even you can win a gamble but here you can only lose.Time will tell but in my opinion shareholders are highly unlikely to be wiped out here.

Shorts wont close until D4E situation is resolved as that would determine shareprice.It was a stonking after last RNS and shorters have made a killing.I guess bondholders were shorting too as a hedge against their bonds.

Spot on PaulCurtis but gamblers here are living in fools paradise if they think that bondholders would let them escape with any profit if it was to be had.In these sort of situations bonds tend to predict exact situation and if bondholders are willing to take 15% of their original investments then shareholders stand no chance of gaining anything.People have chosen wrong share to gamble on and it would cost them heavily.

Hard to predict shareprice as D4E would determine the price.It can be 1p,2p,4p,6p or 10p nobody knows.But bondholders would leave. little to no value for existing shareholders.Anyone taking a position now is gambling and can effectively lose the lot.

If bonds are trading at 15% then rest assured that equity is worthless, they will inject the cash and convert most of debt into equity to take advantage of future gains to recoup their money.Problem is it has fallen from 750 after bribery fiasco and has not recovered since then.Problem is they have been slow to gain new buisness and this sort of buisnesses operate on paper thin margins and it takes very little to turn a profitable contract into loss-making but as long as you keep on winning new contracts they will even out books.Covid was real culprit here which ground everything to halt and company has never recovered from there.In my opinion we have a bunch of gamblers who are gambling on "bigger fool" theory however they have chosen wrong company here and that will cost them heavily.

You have got to be fool to believe that RTO is reverse takeover and only suitable for cash shells while MBO is out of question right now as they would have to taken on liabilities as well.It cant even be called a gamble as it is only going one way from here.D4E price would determine the share price and if management believes that shareholders would lose a big chunk then expect it be lower that current price.Look at these sort of deals in the past and in most cases shareholders have been wiped out.

D4E would leave very little value for existing shsreholders so why are people rushing to get in.By the looks of suspension would only be lifted once results are published and D4E is completed so that would leave no time for existing shareholders to exit.

Wjhy wpuld you want to buy now when company has clearly stated a D4E swap which would heavily dilute existing shareholders if not wipe them.If someone wants to buy this why should he/she not wait until recapitalization is complete.

Existing shareholders look at other companies where these sort of deals have taken place.But nothing beats an average aim punter who would love to gamble on these sort of shares.