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Are sales constricted by production (I thought there were stockpiles so unlikely). Or are they restricted by infrastructure?
We knew about the production but I am surprised by the low sales…
Also. What happened about the dispute regarding 40% ownership? Almost seems more important than production.
Hard to believe he would waste his breath ramping. There was a time when him using a word like “transformational “ moved the sp by 20%. Now though ME opening his mouth and saying something positive is more likely a tell that he wants to do another placing than anything truthful.
He is a lame duck CEO. Even if you think his strategy and methods are good… you can’t have a CEO whose words mean nothing to the market. The ones who are invested enough to do something about him would rather carry on being fleeced of their life savings than swallow some pride and admit they have been taken for a ride.
The problem now for LTH (except the obvious ones well documented over the last 18 months) is the volume being traded at these low prices.
All these people buying at 0.12 will likely sell if it ever gets to 0.15 or 0.16 as this would be 30%+ profit. This selling will make the rise look like a “pump” or “spike” and back down it will come. Great if you get in near the bottom but anyone hoping to see the placing price is relying on the traders buying now to hold out for 50% gains…. Think unlikely.
Have just bough back in.
For me the distressed Mcap is down to the spiraling fears of going concern and need for discounted placing which has a constant loop effect. This is why suprise, sharp painful (seemingly at the time) placings are better than drawn out sagas.
For me - This company had a Mcap of £25-30m with debt an capital requirements and an £18m rev forecast. It now has an mcap of £14m with no debt and money in the bank and I assume still £18m rev expectations.
The market takes time to get over these shocks but no reason for mcap to not recover back to 3-6 month ago plus a bit extra for cash and no debt.
Quite exciting.
"Sounds like test results are just around the corner"
Long corner.... maybe a helter skelter?
This could be a copy and paste of the last 2 years of RNS’s so long as someone is remembering to change the months and years so it always reads as being 6 months away…..
…. But what were people expecting this morning.
Given 3 months ago 1 sol was roughly $35 and now it is $11 have MOS trebled the price of the NFTs in sol in order to achive the dollar revenue they would have had in the business plan or is 1/3rd the revenue anticipated being achieved (even if sales are to forecast) due to effectively selling at $11 per sol rather than $35?
Sol was $200 at one point in the last 12 months forget about how rubbish the NFT's are - Even if people want them do they really want to own an asset which is valued in sol?
You couldn’t make it up!!!
After everything they have done they are issuing more shares!! Like the way they sneak that at the bottom. Surely the cash raised at 0.18p means they can pay cash and not shares for things.
And you are all waiting for an overdue whopper of a contract that blows the pre raise contracts out the water and it is just more of the same…
… also another one where the offering is essentially digital trading cards…. Who is buying digital trading cards? Anyone on here? Come on someone as it they have bought one of these. If not then what are you doing defending the product?
When will the world stop using the term NFT's? It is such a broad term. The NFT part is just the certification that you own something. When I buy houses I don't say I buy title deeds I say I buy houses.....
... So in NFT terms you can sell anything unique and then provide the NFT as proof of ownership... I am not 100% sure the way the blockchain is going but I believe an example of this is as above - One day the proof you are the registered owner of your property may be via an NFT as opposed to a file held by your solicitor or bank....
.... Which brings me to MOS. Mos aren't selling NFT's they are selling fairly rubbish shiny digital collector cards with photos of mexican footballers on and for £50-£100 providing the non fungible token that says the purchaser owns this card (that anyone can use copy save etc). In fairness Panini have made decent money on this type of thing for years but I really don't see why everyone is so excited by this.
Has anyone on this board bought one of the MOS NFT's? If not why not? Because even at 50p why would you? In my opinion the whole NFT thing was a really poor way to take the company. If they could have proved the concept (and me wrong) without a huge outlay or capital raise then great... but they didn't.
Meanwhile as I think someone else has said below... The other things (that were briefly going to be "transformational") like livescores etc have not pushed on. The affiliate revenue sounded quite positive back when ME was on Zak Mir's podcast every week.
Even if ME is not a charlatan and this is a straight up business which remains to be seen I can't help think it has gone in the wrong direction.
And then you have the possibility that ME is not straight up or at least misguided in his own business acumen... 1 month and 2 days since the podcast where they send "within a month and maybe sooner". The panicked nature of the raise was because the deal needed signing "NOW" or we would lose it... So what went wrong?
Finally whilst I type that last bit and remember back to the investor meet... How much did the justification that they needed the money "now" or would "lose the deals" remind you of a man chasing his losses in a betting shop at 4.30pm on a Friday and trying to borrow a tenner of a fellow punter as "there is a dead cert in the 4.45"?? I wonder if that dead cert came in....
Have you included debt and payables plus any on their liabilities I’m that equation Caravan??
ha ha - I am not invested anymore as it happens. After 2 years I sold on the last placing as that was enough for me. Now here with a morbid curiosity... I do know what NFT's are (or could be) - They literally could be anything - tickets, vouchers, deeds to a property, entitlement to meeting your favourite player..... But unless you can correct me the NFT's that MOS are churning out are digital Panini stickers (much in the same way the broad perception of an NFT is a bored ape). Genuinely open to being corrected but that is all I could see on the Puma's drop
I hear defenders of NFT's often saying "you know it's not just Ape pictures?". I have just had a look at the Puma's NFT offering though and at a cursory glance it does just seem to be digital player cards (not dissimilar to Panini stickers - the shiny ones!!). Am I wrong or is that what we have been asking people to part with $100 for?
"pick a side" - If ever a quote more simply exemplified the issues with LSE AIM forums.
There is nothing wrong with at a point in time feeling optimistic and supportive of a stock and then due to a change in facts, circumstances etc to change your mind. It is also fine to be in the middle and unsure about a stock and ask challenging questions without being a troll.
MOS has given more opportunities than most to change minds - both positively & negatively (although the SP over the last 18 months suggest more the latter)
What a huge joke.
If MOS had potential then they would place at no discount. To buy 13% if a company on open market would be impossible without significantly raising sp so raising at no discount is actually like giving a discount.
33% is huge. Unbelievable. So cavalier. Just slow down growth. Use revenue to pay for growth.
Honestly unbelievable. How has every raise for the last 2 years been lower than the last. I will be out st 8.01am. Even just out of principle.