RE: Friday close ...2 Mar 2024 17:56
The receipts may not happen in March but they also may come in and that’s on top of the cash they have to see them good for working capital until the end of March, right now that’s FOUR weeks away. They are in discussions for both possible funding and also a formal sales process BUT this is not a forced absolute crikey we are going down the pan RNS it’s a perfunctory statement that needs to be made to the market and shareholders it’s not a given which is what people, who haven’t looked in deep here have simply assumed. You know what they said about that, it makes an ass of u and me! The company business is good, the IP amazing and it’s well respected in a really growing sector, it’s not a struggling can’t sell anything business it’s just expanded too quickly. There will be finance and the business will continue I believe but if you don’t think so then don’t buy any and invest in any other stock you like, but I don’t think that picking up bargain stock on a calculated risk versus reward here should be criticised. In fact I’m not sure why people are spending their Saturday afternoon posting here just to say they won’t be buying. Great with a tiny available free float here, it’s hard enough to buy and I intend to buy more in anticipation if 7am Monday there’s no RNS and if there is an RNS and positive one it will be completely impossible to buy any at all until the rerate far North of here. Even and I mean even if they say ok can’t yet get a deal together they would only be making plans for voluntary administration AND that wouldn’t be until end of March when they would technically become insolvent, however even that worst case scenario is not all bad and on top of that the March receipts may come in and add to their cash reserves and they may then get the deal together or have new fresh approaches in this time. And if they don’t and at end of March they say that’s it entering Administration then the value here far exceeds the current market cap and with little actual debt there would still be tons of options for the company - a reorganisation of the company or a sale which should deliver some value back to shareholders. You also have the listing and the value here just as an actual listed company so there’s a real ability to even do some sort of RTO here too as a shell. A shareholder raise could be organised within an entire month too. So many options it’s really not the end of times and if you think it is nobody on this board or on the stock market is forcing anyone to buy! If this comes good and I believe it will, then some eye watering large amounts of money will be made for those who ran the gauntlet here and bought way down here! IMHO DYOR