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"us06web.zoom.us refused to connect."

Not as easy to sign up for the Webinar as you might think!

This is what the company said in the RNS before the share suspension:

"The Directors anticipate that the Company will be in a position to publish the audited report and accounts in the coming weeks. The Company will provide further market updates around the expected timing of the annual results publication once its financial reporting and the audit work is sufficiently progressed.

This is starting to drag on. Weeks are turning into months. Should we be worried?

With today's hiccup caused by the delay with the audited accounts (hopefully it is only that) the market cap based on 24p per share has now fallen below the net cash on the balance sheet.

Useful info R. Thanks. Is the full presentation available for general viewing anywhere?

LOL Yorker!

Delaying the suspension date does seem a bit strange. Could it mean the audit issue is purely technical in nature rather than a signal that a black hole has been found in the accounts? Or am I reading too much into this. Anyway, I took the gamble of topping up at 18p. Let's see what the next few weeks has in store.

I'm with you on that. Excellent results! And hopefully the mooted share buyback programme will help narrow the spread and increase trading volumes.

Please ignore the above. Wrong company! but IQG did come out with a good contract win today so that's good news.

2022 Results out today. They look good. Very good. And some talk of future dividends and share buybacks. That should help with the low trading volume and wide spreads.

Silverblade - "in hindsight it’s quite literally pie in the sky" - had to laugh at that. But maybe peas in the sky is more accurate.

But seriously, this is a disaster for longterm shareholders.

I don't see that happening. In fact it's a miracle that the share is still trading above the 1p issue price.

Today's turnover is at 365M with 30 minutes left. It could easily pass 400M. This is the highest turnover since early 2022 which is when the share price jumped from 0.15p to 0.5p in a matter of weeks. Let's hope today's activity signals something similar!

I agree. i added 1.3M at 0.1938p earlier and might buy some more later.

I don't think they need to raise funds any time soon. They specifically say they don't intend to do it plus they've recently raised money from selling part of the Guild holding. That gives them more than enough cash to stay afloat with the reduced cost base. It would be a big loss of credibility for TF to go back on what he just wrote in his Chairman's Statement.

Firstly, great to have such a detailed analysis of all the investments held.

Secondly, BLU is dropping today but is still being valued on a 2021 Dynasty fund raise and a 2019 Satoshi fund raise. Assuming there has been progress in these two companies since then (which there has) i see this as a huge buying opportunity at anything below 0.22p.

Agreed. Almost the entire market capitalisation is covered by cash and there is a decent dividend yield on top of this. Admittedly a large part of the cash balance is tied up for regulatory reasons but one way or another this will be unlocked one day - for example by a trade buyer - and there will be plenty to distribute.

This is good news, not bad news. What's not to like about higher dividends (a bonus dividend just paid in the last few days) plus a chance to realise the 10% discount to NAV that the company is trading at?

Reading the RNS it seems that they consider their greatest achievement of the last 10 years to have been able to repeatedly raise new money from shareholders.

I hope you're right Chelmo. I still haven't had the courage to hit the Sell button so maybe I will let it ride a bit longer.

Unfortunately there is always a sense that some fresh batch of problems is just over the horizon with this company. I expect there will be a negative RNS issued within a few days. I'm thinking that it is time to bite the bullet, take my losses and find a happier place to invest what remains. Good luck to those that choose to hang on.

Me too. There has been 2 or 3 years of steady progress with another good contract win announced today. Hopefully we might even start to see dividends being paid before too long. Definitely a long term hold.