Member Info for SlowLearner

Happy Christmas everyone and when can't believe you are wasting the hols bickering .. let's get the Christmas spirit!!

Cando and Maid - to be clear, I only ever posted because I wanted to prevent PI's being defrauded of their savings by the next instalment from the "Piranha of Puerto Rico" (aka the new Wolf of Wall Street following MavDB's fundraises at MET1, Satsuma, etc). OK - I admit, I also wanted to top your naughty list so here's one last go as a late Christmas present:

- The 250m Cash Warrants - half need to be exercised by 14th January and half by 14 July 2026

- It looks unlikely that the first half will be fully exercised by 14th January hence there will likely be 125m to be exercised from 15th January

- Comments have been made about trading volumes dropping - unsurprising really as the bogus advertising funded in the Cayman Islands has stopped

- Hence, with low volumes, the share price is unlikely to move from 4p soon / until the warrants are cleared as the warrant holders will sell into any raise

I still believe it is outrageous that management don't announce the amount of warrants exercised regularly (like virtually every other Company) and that the warrant holders didn't race each other to sell down their warrants. Hence I did a little digging into management:

- Celia Li was appointed to the board after the fundraise in July

- She appears to be professional and personal partner (potentially wife) of Josh Bartch, the founder of MavDB

- Both were key figures at Mydecine, a biopharmaceutical company focused on psychedelic-inspired medicines

- They have been "successful" including Bartch suing his ex-business partners for enough to fund the entire MAST fundraise

- Hence, when the Piranha of Puerto Rico hits our cinemas I think we will find out all "5 warrant investors" were in fact under MavDB's control

As to what happens to MAST next ... who knows whether they have enough cash to survive, have great business prospects or will need to raise more funds like MET1 but what is clear is the share price wont go a long way above 4p till the warrants are cleared (or MAST makes it to 15th July 2026)

Tbhatt - spot on with your suggestion of everyone taking a day off and stopping the insults

Claudiu - there's a lot of history before this chat board descended to where it is

Maid et al - despite my disappointment at never making it higher up your naughty list then I am very happy to step away for the foreseeable future as the scam appears to be drawing to a close now the sp is close to the warrant price and the bogus advertising has stopped. In summary and in my opinion (no insults please in response just debate / challenge the numbers / facts I give all of which are from RNS or reliable online sources):

- I only posted because I didn't want to see PI's lose their savings/pensions/wealth on this scam (almost certainly organised by MavDB)

- For anyone new & to recap: MavDB (in Puerto Rico) have done a number of fundraises for struggling companies (e.g. MET1) & created huge profits

- The modus operandi is an emergency fundraise for a struggling company with: share consolidation (eg 10-1), issue of a huge number of warrants (eg £5m pre-paid & £10m cash ), charging a £2m fee (from initial £5m) & then dubious advertising appears (Cayman islands) causing the sp to spike up to 50x (got MAST to £2)

- Once the sp is high, the warrant holders (5 of them; no doubt controlled by MavDB as there is no competition to sell) start to exercise & sell making huge profits (eg MAST exercise at 4p & sell at to £2 .... 5000% return!!!)

- They made c. £50m on MET1 & would have made up to £250m on MAST if people hadn't spotted the scam &(1) in the case of PI's posted & alerted new PI's (2) in the case of professionals, such as ii, stopped allowing PI's to buy shares on their platform (or for that matter short the stock!!)

- In exercising & selling 125m prepaid warrants (i.e. c.10x the number of shares in issue), the sp naturally dropped to the warrant price (simple supply & demand meant that RNS during that period were largely irrelevant vs number of shares sold)

So where are we on MAST & what next:

- 125m pre-paid warrants have been exercised & the £2.7m raised (£5m net of MavDB & other fees) will only go so far

- 250m cash warrants are now being exercised which is vital for the funding of MAST & could raise up to £10m

- However now the pre-paids are exercised & the sp is close to 4p exercise price the advertising has stopped (& demand will tail off)!!

- Hence whether management are doing well or full of BS, or the sector is booming is largely irrelevant as with over 200m more cash warrants to be exercised, the sp will be stuck near 4p until either all the warrants are exercised or timed out

Hence, I will leave it to you guys to argue/figure out when the cash warrants are finished (the company outrageously doesn't regularly update on this). Good luck to all and I hope "Wolf of Puerto Rico" is produced (as this is one outrageous scam defrauding PI's on a scale worthy of DiCaprio's talents)

JT - please don't get offensive - we can have different opinions without being rude to each other.

Can you explain how the sp will go up (let alone to 60p) when the warrant holders are going to sell into any opportunity above 4p?

Can you also give your view on the likely decline in the number of new PI's to MAST now the paid for advertising appears to have stopped.

Finally - as per my bet offered to MAID a few weeks/months back - I'll make a bet with you .. if the sp on 31st December is closer to 60p then I will exit this board with my tail between my legs (or) if it's closer to 4p then you will exit (nb MAID didn't take this bet even when the sp was in the 20's)

Buzz- please read the RNS - there are over 200million more cash warrants to be exercised ... that is twice as many as have been exercised to date - the sp is not going up whilst there are warrants outstanding. (it's only the pre-paid warrants that may be done - ie 1/3rd of the warrants)

Please read JamesSimon's MET1 post

Be fair DV ... if we have another emergency fundraise starting with a 10-1 consolidation then we should get 60p instantly!?!?!

LSE Admin - if you are looking at this board then there are a lot of participants thanking Puzzled Pete for his analysis based on the performance of MAST and only one poster saying he has made [slanderous] comments

NB as this is a written chat board then it should be "libellous" rather than "slanderous" but why let fact get in the way of the ramp?

Pete - it's going to be an interesting day .... looks like the paid advertising has stopped hence I am presuming:

1. The pre-paid warrants are cleared (was only 13m to go at last RNS) and the warrant holders aren't necessarily kicking on with the cash warrants

2. The FCA has intervened (or) warrant holders have felt the heat

3. The share price could well rise from the latent interest (& ramping) in the share (irrespective of MAST's underlying performance)

However:

1. If the FCA have intervened then who knows if the cash warrants will able to be exercised (albeit the block listing was previously approved)

2. MAST doesn't have much cash if the warrant holders don't exercise the cash warrants (could well need a placing in the coming months)

3. If the FCA haven't intervened then the warrant holders can just sell into any sp above 4p and quietly back a nice profit

Anyone else able to find the paid advertising still live?

Maid - please read the RNS - there were over 200million more warrants to be exercised ... that is twice as many as have been exercised - the sp is not going up whilst there are warrants outstanding.

Please read JamesSimon's MET1 post

JT, Buzz and Zen,

Please read JamesSimon's post on MET1 ... he was the biggest fan of that share and today has admitted he, like many, were conned and unfortunately lost millions.

The simple reality is the sp of MAST went from 5p to £2 because of the paid advertising (probably funded by the warrant holders / MavDB). Once the warrant holders started selling the sp has dropped towards the warrant exercise price of 4p. The 2 differences to MET1 is this time they had an even bigger volume of warrants to try to clear and a bunch of people who saw MET1 (and others MavDB have done like Satsuma) have tried to warn PI's about MAST. You can see that it's a "questionable" by entities like ii not letting their clients buy shares.

I am really sorry people have lost money on this, I am horrified that the FCA have not stopped the advertising but I am glad that with the share price close to warrant price then PI's being taken in by the ongoing advertising going forward will be at risk of much smaller %.

Whilst the price remains above 4p, the advertising no doubt will continue, the warrants will be exercised & sold to the unfortunate incoming PI's who see the advertising and MavDB will look for the next company that needs an emergency fund raise to survive and therefore are willing to take on the "consolidation, pre-paid warrant & cash warrant raise, advertise" cycle.

My belief is there have been people who have been paid to ramp on both shares and I have tried to appeal to their conscience previously to stop as they are costing PI's their savings & pensions. A few have stopped after this appeal (whether intentionally or coincidentally). Either way I would dearly love to know who was paying them as I think this is the quickest way for the FCA to get to who is funding the advertising (from Cayman Islands) and put a stop to this and future attempts like MET1/MAST. If they manage to do this then we can sit back and wait for the release of the Wolf of Puerto Rico.

absolutely gutted ... was bad enough when maid put me in the relegation zone of his list of 15 but to not even make buzz's is just too much!!

hence am breaking my vow of silence: haven't felt the need to post in the last few weeks as the share price was driven down as predicted by the warrant exercise and, as you know from previous posts, i want to avoid the pointless mudslinging that goes on on these boards.

however, to try to feature on buzz's list can i point out the obvious, i.e.:

- the share price decline has been driven down by the warrant holders exercising and selling their warrants (outweighing the "amazing" rns)

- you can see that virtually every day with the sp stuck on price points like 7, 7.5, etc that the warrant holders have set for selling into

- the mythical large "out of hours buys" aren't mm's playing games ... they are just aggregated sales from the broker handling the warrant (on a down day, the average selling price is above the closing price ffs)

- peel hunt are brokers not investors so only ever had a stake (no doubt bought from the warrant holders at a discount to the sp) so the warrant holders could exercise more (they have a 3% holding limit each)

- as seen on met1, the managed exercise of the warrant holders show that the 5 investors & mavdb are working in concert (otherwise you would have seen a free for all at £2 downwards)

- the company is the first ever that i have seen that don't tell you daily warrant exercise but bundle them up in 2 or 3 rns (questionable transparency)

- whilst mast now have 10 times the shares that they had a few months ago, there are still over 200 million 4p warrants that could be exercised

- hence whilst the share price is > 4p, the warrant holders will exercise & sell for a profit (nb there are c.2x as many warrants left as have been exercised!!)

- bit of good news ... mast will soon be into the cash warrants so at least the company will receive up to another £10m of funding (if the number of shares is virtually trebled!!!)

- hence the dubious advertising (probably funded by the warrant holders/mavdb) will continue whilst there remain warrants to be exercised, sucking in unfortunate new pi's and the share price will be stuck just above 4p .. it can't shoot up whilst the 200million warrants are being exercised

- and when the warrants are finally all exercised, the advertising will stop and just like met1 the sp will be stuck in the doldrums

as previous, please don't post abuse ... the above is my opinion driven by a desire to (1) stop pi's being conned into losing their money by the bull**** advertising and (2) my strong desire to get towards the top of buzz and maid's lists

Whether a ramper or one of the infamous 15 you have to acknowledge HH Returns and his post of 20.55 yesterday, namely:

"Look out for a powder puff RNS, and check the absolute bottom of it. It will likely reference exercising of warrants. Most companies RNS that separately, but not these cowboys"

To be clear to anyone new to MAST/MET1/etc MavDB organised fundraises:

- today's RNS highlights 46m warrants exercised at 4p since last warrant update

- if you assume an average selling price of 21.7p (based on recent weeks let alone yesterday's higher price) then that gives the warrant holders £10m

- But only cost them £1.8m, i.e. over £8m profit (and they only invested net £3m on all 125m pre-paid warrants - ie £5m less MavDB's £2m fee)

- And this warrant exercise only gave the company an additional £110k as only 2.75m further cash warrants were exercised

I still believe the bogus advertising (that the company has said investors should ignore) and that the warrant holders appear to be acting in concert (rather than rushing to exercise the warrants before the others on a down-trending sp over the last 2 months) implies this is borderline fraudulent.

Irrespective the warrant overhang is still at least 62m (prepaid warrants) and up to 300m with the remaining 242.5m cash warrants (as always to the people with a different opinion to mine, please keep responses civil - I recognise you see it differently - this is my view!)

I would ask though, Maid, can you move me up your pecking order of the 15 .. I believe I am still in the relegation places at 14th and think that I merit at least mid table ... nb I am saying the warrants were issued at 4p as per the fundraise docs contradicting your earlier post ... go on give me a nudge up)

Thanks for your concern Maid but I didn’t lose a lot on MET1 (think you may be confusing me with someone else from the 15 ). My portfolio is the normal mix of red and blue.

My point about the huge potential dilution from the warrants remains valid (I believe you have acknowledged there are up to 361m that could still be exercised) and there are new people being drawn in by the advertising hence I will continue to post.

I believe the impact of the warrants will override the successes of the company’s commercial efforts until warrants are fully exercised, timed out or blocked by FCA hence other analysis to me is secondary

Good luck

Hi Maid et al,

Impressed to see that the mystery advertising is already being updated …some of the 4 sites refers to Quantum Data … one headline even calls it a Quantum Computing stock which I think is stretching puff advertising to a whole new level.

As a lowly 14th on the list of 15 (humour not personal attack) I continue to hold my position said previously that people will make money day trading this share as it goes up on the bogus advertising and RNS updates BUT with 361m warrants to be exercised the share price will inevitably drop towards 4p as per Met1 and the others who have been funded by MavDB warrant structures.

To repeat I post because I do not want PI’s who only superficially look into MAST being defrauded out of their savings by the advertising BUT I do clearly recognise that many people will do their own research and decide to invest … I wish you and them good luck

Please no personal attacks in your responses … let’s keep our different opinions civil

Drip or drop !!

Maid, I am afraid I can not agree with your statement there is no reason for the share price drip from £2 highs.

Fact: the reality, as you have admitted yourself is there are up to 361m warrants at 4p to be exercised (111m pre-paid warrants - RNS of 17th September and 245m cash warrants - 7th October RNS) and there are only 31.77m shares in issue... ie major dilution / >90% swamping is coming

Opinion: When the warrant holders started exercising their warrants and selling, the share price dropped from the artificial high created by the bogus advertising and hype (especially as more people have realised the advertising is nothing to do with the company and borderline fraudulent)

My Prediction: The share price will continue to slowly move upwards as more unsuspecting PI's get drawn into the share by the ongoing advertising and hype on chat boards UNTIL more warrants are exercised and sold which will drive it towards 4p if 361m are exercised (or) the FCA intervenes.

For anyone new to this board - there are a group of us who do not want to see PI's lose their money to what appears to be the latest in a line of penny share scams (see MET1) ... we are not profiting from our posts but are concerned a potential fraud is underway (a concern shared by brokers who are not letting their clients buy MAST shares - such as ii)

So just to be clear .. .60p after the 361m warrants are issued would be equivalent to £7.36 share price at todays 31.77m shares in issue (i.e. valuation approaching 1/4 billion £) ... no, I am not worried about that scenario

Savs - spot on

PP - great research

TBHatt - as per my previous posts I believe the sp will fluctuate and some day traders will make money but the sp will head to 4p as the warrants are exercised

Cando - I am posting because I do not want to see PI's defrauded out of their savings by the bogus advertising (but I do like your multi-choice and humour)

Maid - now that you have acknowledged there are 361m warrants that could be exercised I will in return promise you that I will not buy MAST shares at 12p, 4p,20p or any other price (I am not being paid to post, I am doing it because I don't like seeing people being conned out of their savings , Wolf of Wall Street style)

I will continue to sign-off with PBC (please be civil)

Good morning all and especially Invester86 ... not as glorious as yesterday ... almost like the rain is getting ready for the weekend.

Savs, Cando, PP and Mais - guys, please keep it civil and stick to the facts.

In my attempt for world harmony through humour can I suggest we take on the 31st December challenge and happy to adopt Maid's price target of 40-60p (now that I think he has acknowledged their are 361m more warrants that could be exercised). In other words if the share price on 31st December 2025 is:

1. Closer to 50p then the LISTED15 have to call (for the whole of 2026) Cando, Maid, Invester86, etc "Share guru"

2. Closer to 4p then Cando, Maid and Investor86, etc have to call (for the whole of 2026) the LISTED 15 "All knowing"

Between now and 31/12/25 can we all acknowledge we have different opinions/analysis and stop insulting each other like petty politicians?

Nice message Invester86 … am typing this message very quietly and appreciate the breakout of civility😀

Guys,

lets all take a time out as we don't need to insult each other just because we are online ... we wouldn't carry on this way if we met in person?

Clearly people have very different views of what will happen so, to take some heat out of the board, three questions:

1. Invester86's question: What was the share price at IPO bearing in mind the consolidation?

2. My question from this morning (that I hoped Invetser86 or Maid would answer as I answered theirs): how many warrants are you expecting to be exercised bearing in mind the September 17th RNS and block listing application for 111m prepaid warrants and October 7th for 245m cash warrants

3. Let's have a vote for the sp on 31st December being closer to (a) 4p or (b) £2

Darn HHReturns answered (1) before I finished typing!!! Nice work

Or should we have some Celebrity Traitors themed fun and tried and spot who is being paid to ramp and who to trash (although I am not sure who would pay for the latter as you cant short MAST!!)

Hi Investor86,

I agree many companies issue warrants to raise funds but very few in the way that MAST have. In particular MAST (as well as MET1 and others) have:

- large (10-1) share consolidation confusing the share price and meaning any meaningful share issue will massively dilute existing holders

- Small fundraise (initial £5m) organised by MavDB where they take a huge 40% fee (£2m)

- Vast number of low priced warrants issued that will swamp shareholders by >90%

- The appearance of a lot of paid advertising (the vast majority of sponsored links on google for recent weeks) that the company has no knowledge of and advises investors (via an RNS) to ignore

Please look at MET1 and you will see what will happen to MAST and why we are posting to protect PI's.

As I have answered your question will you or Maid please answer my question: how many shares do you think will be issued from exercising the warrants in the coming weeks/months bearing in mind:

- the 17Sep RNS states they have applied for a block listing for 116m shares for the prepaid warrants and

- the 7Oct RNS states they have applied for a block listing for 245m shares for the cash warrants

(nb there are only 31.77m shares currently in issue)