it’s a leap of faith at lvcg on if you think dc will land one of the strategic investors or not. given there are two he is chasing, the odds are better than if there was only one option. the majority of the debt was converted at 3p - he could easily have totally wiped out shareholders by converting that much lower and he did prop the company up to get it relisted with a personal own and guarantee - he could have let it stay delisted and proposed a much lower conversion price for his shares. it’s still revenue generating and with op costs totally slashed, should make a profit this year which is better than 99% of aim companies. the mcap is only £2 million - which is nuts as the loose bricks alone are worth £6 million - never mind all the models. so he could sell the bricks, pay his loan back and there would still be enough to pay back shareholders twice the share price.
so while it’s not great, and there are still issues, it’s not all bad and could have been a lot worse. dc is a ****. of that there’s no doubt. but there are even bigger ****s out there. consider the following in the last couple of weeks alone where the directors have taken being ****s to new levels of ****ishness:
horizonte minerals #hzm - restructuring of debt “unlikely to be a positive outcome for existing shareholders”
loop up #loop - cancellation of listing
bidstack bids - administration and ceo buys it out of admin.
supply @me capital syme - it’s just a money laundering scam
bens creek #ben - drawdown of working capital facility (death spiral finance). ceo paid himself £1.4 million for losing £24 million.
c4x discover holdings #c4xd cancellation of listing
itsarm #its cancellation of listing
soundrel #snd - delisting
byotrol plc - cancellation of listing
molecular energies plc #men
and watch out in the next couple of weeks for the following
superdry #sdry - dunkerton was going to buy it out, now a placing at a very material discount and only in the condition that it’s taken private.
genedrive #gdr - after a year of death spiral finance has run out of cash
#vast resources - where to start. remember i warned you about vast at 9p - massively in debt, no sign of any fantasy diamonds - so a massively discounted placing, administration or delisting.
I can't believe how much negativity. I am reading since yesterday . Cornerstone Investor will bring lines of business Already making profit Which we will buy and issue shares at six p + I think Because david's six p purchase. Then the investor will give a loan to the company as working capital to progress the lines of business into mega profit. They will also take seats on the board of directors . This is my understanding . What I have put together. I could be wrong. I doubt very much I am
I don't see there's any point arguing with these guys . All I have to say is time will tell . I don't know anybody who would talk negative against his own investment. And if he was so clever, why would he be investigating in such a company if it is as bad as he says. No point arguing. He has no investment . I just wonder how many names he uses do post .
I don't understand the noise. People are making that there will sell . It would be the most stupid thing to do to sell at a lose . I am not selling. I was lucky to buy in the placing at 1p when David and directors are buying and converting loans at 3p . From my research, this is going to be a good investment . I keep my ears and my eyes on my investment, When the full story unfolds, some will wish they Would have never sold. That's all i'm going to say good luck if you are selling . I say it's time to add for me . My choice from what I see
So it looks like it might not come back. I am sure it's not because of Tintin . I think David doesn't want to put any more money in an. It's not a going concern, and tintin he is used as an escape gout . if he was the problem.why did DC keep replying to him and winding him up with different messages every time.. We have options to block people . Why all the shareholders have suffer because of one person . doesn't make sense .
And also this excuse comes a days before listing. Was this not a problem before ?
i don't think they have anything we have been b_****ted by the old management . if they were some solid reports, then they would have been able to raise money . i don't think they have much gold there to do anything .
All is happened because of some idiots being clever on the telegram group? changing management feeling important . sending Reps in AGM feeling they had control trying to turn thing they way . egg on they face, lol
First of all
Please understand this is not the aim of the rescue operation
The first step is to reduce the debt.
The second is to raise enough monies to build the Company
We are looking at this with a potential cornerstone investor.
This is mentioned in the RNS
If we are able to do this this will also introduce new business.
No need to raise additional monies
The price of the debt reconstruction is 3 p
The cornerstone discussions are at a higher price.
You can of course write what you like to whoever you like.
Just make sure you write the facts.
Not what you perceive to be the facts.
Looks like another bad management who don't care about shareholders or share price.
Too many shareholders with big money involved to be honest I am sure he doesn't want to go prison at the age of 67 there is too much evidence out there against him. Text messages voice recordings promises he is not a financial adviser and he was advising people to buy the stock before suspension that alone will take him down. Too much evidence and I am sure shareholders will fight till the end to make sure he goes in prison because I will
The big blocks you see is not selling its stock which is going to move to TX . If there were big blocks sold you could buy and the stock would not move. Not much stock available as the stock is moving somewhere else. If you buy a little stock will move . Short squeeze coming
I've been watching closely every time we see something positive. I don't see simple around to make any comments . anything negative the sky collapses . Very strange character . The behaviour tells me he's not invested in the company he's only trolling
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