Member Info for smudgedan

So, the seller is probably down to around 2.5m shares left which should clear quickly now they are coming to an end. I would anticipate an increase in volume now until the seller is out.

Still not sure about my exit price. As we have seen with MCC today which hit a 25 bagger from my initial buy price today, its difficult to know when to sell sometimes. I certainly feel that a 500% return is possible here, but would start scaling a few out at 30p ish dependent on news

Yes, hopefully lesson learned there. Never borrow money to buy shares, let alone AIM shares, ATB

No, I scaled out of both MAC and MCC, where i held just shy of 3%. MAC I sold some at the top, MCC i sold my last ones to early and TJI I still hold half, but only had a small position there. KBE I sold for a couple of hundred percent. Of course there have been others that haven't done well. SYQ was a recent disappointment, but a small position, YOLO has disappointed thus far. One of my major holdings is MRS which has taken up an inordinate amount of time, but i think will do well once back trading. GL

My average is pretty much where the current sp is. In terms of the other shares that have gone up over 1000% you are correct about TJI, another is MCC which I was buying at 1.6 and peaked at 30p the other day although I sold my last before then and another one was MAC in August 2015 which went up 1200%. My point is that these tiny market cap companies whilst intrinsically risky can provide fantastic returns. Another one I was in and is a relevant example here was KBE. I took some at .25 and the market cap was around £100k from memory. The debt there makes PAA look like Warner Bros, so it was only a small punt, but it peaked at over 3p a couple of months later. This type of approach isn't for everyone but it has served me well over the years. My comment on Twitter related to the fact that I believe we will get the awaited acquisition news shortly.

DC is one of the three directors at Brick Live and Heavy Con and I assume he has some ownership. Any acquisition could be made by issuance of shares or a further loan by DC possibly by way of CLN's.

Well, he has been prepared to fund the business up to this point when it would have been much easier to cut his losses. He clearly has a target in mind, hence the comments about hoping to announce by the end of the year. He also clearly has an index as to how such a transaction would be funded. I have had my best returns over the past year or so from sub £1m mc companies with three of my investments going up over 1000% each in that time. I am hoping that PAA will be the fourth. I recognise the financial position of the company and the associated risks, but all things considered I believe this offers a favourable risk/reward ratio and as I mentioned am happy to hold through to acquisition

The obvious choice for the business' to be acquired would be Brick Live and Heavy Con given DC's existing involvement in both companies and the comment in the half year report of 28/09/16: "As previously stated, the Group continues to look for acquisitions in the live event and entertainment sector and expects to make an announcement before the end of 2016." Brick Live http://bricklive.co.uk would be an excellent move as it is officially connected to Lego and has the potential to be spun out globally. The fact that DC continues to fund the company suggests out of his own pocket suggests that he has a plan in place to get his money back and i am happy to hold and see what that plan is.

Good evening Trout, good spot regarding Edmonton Property. It looks like you are on the money with your suggestion yesterday. Guess with the availability on the ask they are out or pretty much out now and just need a bit of volume to clear any overhang

Delayed sell from yesterday 1.77m shares. Odd number and below a notifiable holding, so all of our notifiables could still be holding firm

It certainly seems an odd time to sell but as you rightly point out if they didn't set out to hold shares in the first place then it is probably just an opportunity for them to clear the decks. I think your suggestion regarding an Ebioss take out being the end game here is spot on. I can't see why Ebioss would continue to provide React with capital for any other reason. The only question is the final take out price. my guess is around 10p, but that is a pure guess. ATB

Evening, yes the trades at 2.75 were indeed buys. I added quite a few today. There was £30k available at 2.75 this afternoon, although the buying into close has probably reduced that. Hopefully whoever is selling is efficient with their TR1.

Have taken a position here. The current assets are stil around £4.5m versus an MC of less than half that. Revenues of £50m mean that a slight positive tweak to the margins could result in a decent profit. Agree it's risky but equally Think I will make decent return here

And have also been adding a few more. Could be looking at FY revenue of £70m for a few million MC.

is 87% owned by Robust Resources, who in trun are owned by the Salim Group who conveniently have just bought a coal mine in Australia that will be producing next year. TEN have $98m of tax losses they can use on a mining RTO. Just musing.

Possible RTO target? http://www.smh.com.au/business/energy/salim-snaps-up-rios-stake-in-nsw-coal-mine-20160126-gmeokv.html

Yes, disappointing this one. Valued below cash now so will continue to hold.

Yes, that article below certainly puts things into perspective. Did you prepare your updated write up? Would be nice to get that out pre interims.

Nice finds. May have to borrow those if you don't mind

They can only offer what they have. Think they have been caught short here