Member Info for skittish

Excellent summary.

The only thing that I would add is that there was a hostile management takeover around 6 months ago which resulted in the old directors being booted, and a new team taking over after they had snaffled enough shares to prevail at a GM.

Whilst the old team had done very well with their GGP investment, the new team add perhaps a bit of spice to the mix, with plans as yet unknown - unknown that is to pi's.

That GILD is up only 4.5% on what is the big news of the year thus far, the major sponsorship deal, which really does show the strength of the selling post IPO.

Clearly a party or parties are taking any opportunity to offload, and the shares will languish until they are finished.

The major suspects are the 3%+ holders -

TORO CONSULTING LTD 48,000,000 9.26

PIONEER MEDIA HOLDINGS INC 31,000,000 5.98

BLUE STAR CAPITAL PLC 30,626,500 5.91

SCHRODERS INVESTMENT MANAGEMENT LTD 30,400,000 5.86

DAVID BECKHAM 24,573,529 4.74

SOROS FUND MANAGEMENT LLC 18,750,000 3.62

As JMK once said “the markets can remain irrational longer than you can remain solvent.”

Presumably the early stage investors got in at around 1p, so they will be in significant profit even when selling at 5p-6p.

But hopefully patience should be rewarded here - the finances and the team on the "pitch" are moving rapidly in the right direction and eventually this will be reflected in the share price.

Clearly a transformational deal - no figures but then you wouldn't expect any really, commercial confidentiality and all that.

But despite this and good team performances - more great players signed in the last few days - the share price cannot overcome the constant selling which has been a feature since the IPO.

Great prospects here and an opportunity to load up if you have a little patience. The seller who no doubt has his own reasons for wanting out, will be gone one day and then the share price will rise to its true level, which is probably several times what it is today.

More deals will follow, I'm sure.

Lets see if this finally knocks some sense into the share price and finally clears away the big seller(s).

"Press release

25 March 2021

Guild Esports PLC

("Guild Esports" or "the Company")

Subway signs two-year multi-million-pound sponsorship

Guild Esports (LSE: GILD), a global team organisation and lifestyle brand, is pleased to welcome Subway as the Company's Official Quick-Service Restaurant Partner with the signing of a two-year multi-million-pound sponsorship deal covering 55 markets in the EMEA region."

T321 - yes it looks like our "mystery buyer" has taken another 100K, again at quite a good price 4.84p.

Looking through the trades post Friday RNS it looks at first glance that sells have exceeded buys by 1M+ - a few on here remarked that they were finally out, after years of being underwater, and there were some chunky delayed trades.

I had thought the mystery buyer might wait a while before going back in however the easy availability of another 1M+ at reasonable prices may be too tempting. On the other hand there may be a need for a little more haste - but maybe not. It is difficult to discern details of motives, save that our mystery buyer hopes, or reasonably expects a profit.

We are told directors salaries are modest, the options announced are reasonable - so how else to profit from whatever the directors are doing?

Happy to see how this plays out and add a modest amount as and when.

Hopefully shareholders will not be disappointed ;-)

Sorry, wires crossed, should be RL - Rupert Labrum.

It could of course be anybody - but there was something of a pattern last time, several 100K buys in quick succession, often at a very good price, but care taken not to send the price spiking - leave that task to the RNS.

I suspect the buyer has instructed his broker to snaffle as and when loose shares come onto the market, MM's then give a good price knowing that they have a regular buyer.

Quite where it all leads I'm not sure, but if the directors and associates, whilst already owning a significant chunk of the company, continue to buy I suspect it means that there is a good chance of the share price heading significantly upwards at some time in the relatively near (months) future.

It could be tempting fate to say it but it looks like Mr 100K is back buying already with 2x100K @ 4.865p.

Last time it was JL himself, possibly he again this time, or an associated party.

Surprised he hasn't left it a little longer before buying again, but then it depends on what is going on in the background, objectives, timescales etc.

Keen as always not to overpay - the cheapest buying price today, another sign that it is maybe an insider.

Maybe another week of buying and then another RNS?

Unfortunately (for us) yesterday Sarah Cope resigned as a director of Tenaz Energy PLC.

https://find-and-update.company-information.service.gov.uk/company/13178268/filing-history

Definitely game on here.

RL heading for 30% or as close as possible before a fundraising and issuance which may dilute him somewhat.

All in the know are loading up slowly.

Simply a matter of time if all goes to plan- whatever the plan may be.

Possibly, although RGO usually has a cash balance at the end of each quarter of around £3M. It is impossible to say what it is at present but if it is around this sum at present that gives quite a bit of headroom without the need to raise funds.

That said I wouldn't be surprised to see a fundraising sometime in the next year or two.

"For most of 2020" - should be 2019.

Just out of interest these are the figures for the assets held by RGO, not including the warrants, which are not given a value until cashed in.

The figures are actually around 6 months' out of date, and PIRI was 4.35p on 30-9-2020. On 31-12-2019 it consisted of more than half the equity portfolio when the price was around 3p.

The price is now of course 15.75p and the RGO investment in that is worth £4.2M alone at present. So the equity figure at least will require substantial revision for 31-12-2020 and likely 30-3-2021.

30-12-2019

Totals Debt/Equity linked £4,349,211
Equity £ 848,635
Cash £2,624,480

Total £7,822,326

30-3-2020

Totals Debt/Equity linked £3,606,221
Equity £ 643,525
Cash £2,760,431

Total £7,010,177

30-6-2020

Totals Debt/Equity linked £3,615,659
Equity £1,148,817
Cash £3,263,326

Total £8,027,802

30-9-2020

Totals Debt/Equity linked £4,300,482
Equity £1,425,024
Cash £2,996,433

Total £8,721,949

Re Chris Akers - yes he highlights interesting things on twitter - and was an early stage investor in AAA, ASLR/YOLO and PIRI and latterly in DEV. All have done well recently. He has also recently been promoting Pluto.

We of course are on the periphery of the Akers World as we hold substantial interests in PIRI and Pluto, and the Riverfort World shares directors with PIRI, and there are further relationships between RGO and PIRI and SVV.

Wouldn't be at all surprised to see him take an interest (shareholding) here eventually.

It would make sense as we seem to be increasingly lurching towards tech and crypto.

The AAA,DEV, PIRI world is also heavily promoted in twitter by Zak Mir, and we have also recently been getting a mention there.

As for Whitehawk the 49% refers to the increase in price between 1-1-20 to the date of the RNS 31-7-20 which was around 0.09A$ to 0.13 A$. As you say they are now 0.30 A$ having been as high as 0.41 A$.

But as usual RGO is very cagey about what they hold and when they bought. For most of 2020 they were around 0.07 to 0.10A$ so that could be in the region of the warrant price. Although listed on the ASX they are actually a well connected US Cyber Security company.

Interesting.

Hopefully onwards and upwards next week.

As does Barclays.

Plenty more in the tank here.

Chris Akers and Zak Mir appear to have picked up on RGO and given it some publicity recently.

Wouldn't be at all surprised to see Chris Akers declare an interest at some time, and that they then go for a bit of funding with the usual suspects to give them a leg up onto a higher level with bigger players and bigger deals.

Lets see what tomorrow brings - if this was off the radar for many until this afternoon it certainly will be on the radar now.

Now at 1.775p which is equal to the ATH on 15-2-2021

Chris Akers appears to suggest that Pluto's Oxygen tokens acquired at 10c are now worth $3, and that this alone has pushed up the value of Pluto to $65M+.

We live in interesting times.

https://twitter.com/sportschris/status/1372257926929338368

chris akers
@sportschris
Pluto Digital Assets
@Pluto_Digital
rocket-fuelled $6m gain on 2m tokens in FTX project,
@Oxygen_protocol
(a DeFi Prime Brokerage Protocol built for scale) costing 10 cents now worth $3 each. Pluto's NAV now $65m+. IPO in May.

Yes, my best guess (FWIW) is that Mr 100K has picked up around 1.3M (if all those buys are all he) over the last 8 days, paying up to 4.59p, but getting most cheaper.

There were some earlier similar buys, but it is more difficult to fit them into any type of pattern.

1.3M is of course just under 1%.

Provided he keeps this up then at least the share price shouldn't drop. Question to be answered is whether he is willing to pay more than 4.6p to keep pushing the price up?

Agreed, a number of people (including directors) appear to have taken positions over the last several months, so that suggests that unseen activity is continuing to take place.

No one seems to be in a mad hurry at the moment, but they are all taking their time whilst things are quiet; but if a good deal is announced eventually I expect that there will be a mad scramble to get hold of PRIM shares and not many at all to go around.

A 100K+ sell (bored punter, perhaps) and within minutes Mr 100K is straight in there to mop it up.

And those odd "1" trades today and yesterday, what is all that about?

The Pluto PR machine appears to be in full swing -

https://plutodigital.medium.com/well-on-our-journey-with-fresh-oxygen-to-fuel-the-pluto-rocket-1dee72b60a65

"Pluto is also working on the next round of incubation projects, so stay tuned for more on that. Something very big is coming and very much home grown which Plutonauts can relate to."

Also a large number of PIRI warrants exercised today - possibly to do with RGO?

"Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, announces that it has received notifications for the exercise of warrants over 3,250,000 ordinary shares in the Company at an exercise price of 4 pence per share providing the Company with proceeds of £130,000 ("Warrant Exercise")."

And also a query, if anyone can answer, regarding KOD.

Now that we have exercised all the existing warrants there, and the price of KOD has almost doubled in the last week - does that mean that the final binding agreement for the issue of a further $2.5M loan from Riverfort to KOD is about to be signed? They did appear to be in quite a hurry to convert those warrants, not that it has hurt the KOD share price.

Sorry, the first line should actually read -

"The 500K at the end @ 4.355p shown as a buy is actually a sell from 15.01 on 15-2-21."

Obviously....