Member Info for SmoothOperater

Yes, that's one project down but it wasn't going to get them to Mid-Cap status, so there's up to another 8 projects they were progressing.

Going to be interesting, seeing what their next moves are going to be.

The 100 to 1 consolidation happened 6th December. The share count structure, of 14.7 million shares, is ready for several acquisitions.

Wonder why is there a fund hinting at something to do with AMG?

https://x.com/AdvisorShares/status/1873765434652041527?t=uDqQ5CDz0LjiqFY8Pwi-GA&s=19

I'm in because I believe they will grow the company to Mid-Cap, which is many times higher than today's MCAP.

Just needs a good RNS update and the share price will return , possibly higher than before because there's no big sellers now and the free float is a lot smaller.

Shouldn't underestimate a CEO with a phenomenal track record of expanding companies.

Has underestimated the calibre of Chris Chadwick.

Some of them buys are mine, basically I don't think most people can read an RNS regarding the funding as it was just a timeframe issue and secondly the market is under estimated

Chris Chadwick has a decent reputation, I wouldn't bet against him , so that's why I'm buying and will continue to

Waiting game now, from the RNS;

The Company is now examining possible alternative options to which may allow it to continue to engage in the closing of the Acquisition.

That RNS was only 2 weeks and 3 days ago and over the Xmas break period.

I'm guessing we're around halfway, in getting an update.

People worried about the cash situation, they do have a cash runway and I doubt there would be anything further this side of a transaction decision.

No need to apologise, you have to do what you think is right for you.

Agree, I feel the mistake they made before was not to suspend, I do wonder if they will make the same decision again.

Fortunately for shareholders, the legacy assets provide the uplift value in our holdings, when the RTO completes.

I've no doubt, Chris Chadwick will be coming out fighting as soon as he's got something tangible to offer shareholders.

In the meantime I will continue to build my holding, but I do expect an update in January.

Thanks, it was a major disappointment that it did collapse and it was costly.

The company will be working behind the scenes, they previously stated there was up to nine projects they were progressing, so there's a pool of options.

Who knows I will add as time goes by and wait for an update.

The legacy assets are used to give a value within the RTO process, after the RTO the new company decides whether to sell or not.

Some do sell before and some do use them as a security, why they didn't this time , only the BoD can explain.

Also , there's nothing to suggest that they didn't actually raise sufficient funds, they only said not in the timeframe of the SPA, so the legacy assets weren't required in the fundraising.

I don't see where the wool has been pulled over your eyes, because even with a legally binding SPA transactions can collapse.

Who said they were going to extract, I'm assuming legacy assets are most likely to be sold if they do an RTO

With £1.77 million MCAP our current assets cover it several times over, RTO failure was disappointing but not the end of the line.

I'm following the TR-1 holder and increasing regularly.

Agree, and having a share structure of only 14.7 million shares, makes the company very attractive to potential entities looking for a transaction with us.

Only the directors who previously held shares (before the original negotiations on reverse takeover) would be able to hold shares.

Whilst the RTO process was ongoing, the directors were prohibited from buying and therefore would have only taken a position after the prospectus was published.

Since the termination of the RTO RNS,

If the directors are forming plans or negotiating something that will have a significant effect on the company's share price, then they will also be prohibited from trading shares.

Since there's been no director trades or directors leaving the company, that could mean there is insider information ongoing and taken as a positive!!!!

Will be interesting to see what the TR-1 holders do, it doesn't look like anyone has sold down and buying now would be buying under most LTH averages.

Legacy assets are worth around ten times current MCAP.