Member Info for Soupdragon78

Fair enough, although you say you're keeping an eye out here. What are you keeping an eye out for?

Been adding back at these lower levels, been a few profitable spikes over the past few months. Very altruistic of you to keep vocal here despite not holding, seems very kind that you want to put people off, it does help get a good entry point I guess.

Have you bought back in SL79?

Assuming you mean the gap in the chart from Monday morning. See the 1st trades on the 16th (Monday) they were at 18.64. The last trades on 13th (Friday) were at 18.5p. Not much of a gap.

Durv, they haven't been 'noticed'. Companies submit for awards, they are then shortlisted from their submission. So VS will have submitted for the Amazon awards, not selected out of the blue.

Hands on the keyboard durv.... hands on the keyboard.

At the end of the day the sp has been knocked down because someone has been selling a lot of shares with not many buyers. Nothing more than that.

Fair enough Cheshire, but to note, the Zaf and Thomas were paid 80k total (so 40k each) last year. You can cross reference all of the other costs, placing costs, aim listing costs, ground rent etc from the last set of results. Yep expenses were higher. But all of the other costs are accounted for.

There will be more dilution as the directors have 450m options available for them to exercise through to 2024

Superlucky, all I'm asking is for you to provide evidence for your opinion. You said that fair value before the placing was higher than I think it was. So I gave you my workings, all I want is for you to provide yours. Its fair enough having an opinion, but if others are willing to evidence their opinion you can't expect people to understand yours if you don't have anything to back it up.

Good figures Sam. Also for those who wish to (although some cast judgement without research) today's figures show where the costs are incurred over the year. The one thing I'm not happy about is Alcazar being resurrected.

Whilst I'm waiting for SL79 to try and use his ductulator to figure out how to back up his claim that LEG was fair value close to 0.3p, I thought I'd close out my two previous posts with an equivalent look at the valuation now. So, since the placing last year and subsequent warrant exercises LEG now has 3,044,636,893 shares in issue. VS recently was valued at £66m (Notion paid £10 per VS share) As LEG increased their holding to 7.2% this means they must have about 473,684 shares in VS, so at £10 each that gives a value of £4,736,840. So (again I give zero valued to all other LEG holdings) divide the £4.74m by the shares in issue and we get an LEG fair value figure of 0.155p The dilution of the past year has only shaved 0.01p off the fair value assessment.

Typo, other way around divide the 4.06m by the share in issue. Hey presto, fair value was 0.165p before the placing at 0.3p. Over to you SL79, please provide evidence for the fair value being 'much higher' as you say it was.

"Also 0.3 was not twice fair value as the fair value was a lot higher before we had hundreds of millions more shares in circulation." S:79. Ok, heres some basic maths for you to do. Prior to the placing LEG had 2,461,530,833 shares in issue VS was valued at £58m and LEG had a 7% stake (so worth £4,060,000 to LEG) Divide the shares in issue by £4.06m and you get your valuation for LEG. Now you tell me what value you placed on LEG. I await your calcs.

Kenner, so you've been invested in LEG for 2 years. In that time they have had 1 placing (at twice the fair value). All of the other placings were before your investment, so if you don't like how the company was being run at the time, why invest? You are aware that there are 450,000,000 still to be exercised? These were in place before you invested so your research will have shown that there is to be massive dilution. What NAV did you give to LEG when you did your due diligence and bought in?

ps Kenner, why have you paid him £100,000's? I haven't paid him anything.

Since when have I said I see his side? You think I always defend him because all you ever want is to attack him. Read my posts, I've said countless times that he is a pathetic investor. Is that what you call defending. Indeed the shareprice tells you alot, it tells you that Zaf did well to get it up to 0.3p for the placing, effectively double what its fair valuation was. What I see most in your posting is that you are feeling bad because you didn't understand the company when you bought in. Now you are looking for anyone to blame other than yourself. You say the sp is 50% worse, but only when compared to its peak when it was overvalued. Fair value is around 0.16p whether you like Zaf or not.

"So why did we buy worthless stock." For the same reason you bought LEG, you thought it might be worth more in the future. The same reason anyone invests in anything. You say LEG are doing badly, on what metric are you measuring their performance?

Also if LEG were to try and sell the other investments, there needs to be a buyer. Not very easy to convince someone to buy what your selling is worthless. Forget about all of the other 'investments' they are worth nothing book value. LEG is all about VS.

Then you're the bigger fool superlucky. I'm here to make money, not figure out whether the CEO is a nice chap or not. Good luck, it sounds like you need it.