The facts are all that has been presented are words to date, nothing more, in a long time, years now. We know Amit Ben Haim has taken further funds off investors post delist, perhaps that's the biggest issue here, and the one that could damage him the most, but it probably won't as he's a lawyer, and who has deep enough pockets to take a few thousand quid to court. The sale is ambiguous at best. Why state 'technical anomalies' after the sale, and use that as the delay – that is a big black marker in itself, a ploy to delay perhaps? Do you really think a large company would commit to sale, then there are technical issues with the supposed product (DaaP) they have purchased? The funds are in an escrow account, $275 million if all the communicated details are correct. All this hangs on one thing, the guise of an NDA, all through this process.
We'll hear nothing, and that's from someone with plenty of shares, me. I don't believe any of it, he's due some retribution.
...we've been there many, many times before. Still, think nothing will happen, ABH has just deflected it away from himself.
I disagree, but there you go. I stand by the comment, I still think 6 months will pass, and nothing will have been communicated (by either party). Going on the balance of probabilities considering the previous history here imo.
The DaaP sale announcement from the buyer will be published in accordance with their schedule. The Company is in receipt of the date, however, the buyer reserves the right to announce earlier and without notice.
Nearly one month. Even if it was six months, I doubt anyone will have heard anything as I think it's all fabricated nonsense!
Amit tends to lie, I think we all know that now! I don't think this current situation is any different, just more lies, and more misery thrust on individuals who perhaps deserve better. Self knows no bounds where he is concerned. He has, in effect, passed the outcome elsewhere, what a guy!
I might also add, that not one (ONE), thing has turned out to be true from Amit Ben Haim, not one in many years, and many statements. Once a liar, always a liar. His deceit knows no bounds, all for self regardless of the carnage he's caused to many.
I don't believe there is a sale. I think Tom Winnifrith called this right, and nothing Amit Ben Haim has done has disproved this, everything points towards lies, more lies, and more deceit. Where's the sale Amit, what's the date? Why would knowing the date, and not disclosing said date make an ounce of difference if NO ONE knows who has purchased said DaaP?
More importantly, if he has continued to take funds from investors post-delist, then there is something to answer for there!
So Swingy, I think I called this right for once. Nvidia is currently $433 per share. Harvest is 1.775p. If you bought all mine at 12p, then I think I made the right decision.
"SOYO. I did buy yours at 12p. I didn’t expect the RNS for H1 to be written almost intentionally negatively with no mitigation. I feel frustrated. I’ve no doubt that the price will recover but this company is hindered by terrible shareholder liaison and a lack of transparency. Brian needs to take a long hard look at his team."
Brian needs to do more than the above at this time! I keep tabs out of interest.
...he's essentially said, that's all from me folks, NDA is in place, someone has bought it, but it's up to them when they want to say anything regarding the purchase. Whoever it is that communicates anything else, it's at their discretion. I personally feel the way he's manipulated the wording, we won't hear anything, just my thoughts. We can do feck all about it. What a guy!
Even if we do get paid (something), you can bet there will be some caveat, and I suspect it will be the final shares in issue. On the 23rd November 2022, the deal value and shareholding update was stated as follows:
23rd November 2022
The Company is delighted to confirm that the combined value of its DaaP sale and licensing deal transactions is US$275 million.
As of today’s date, there are 988,223,763 shares in issue. (NOTE, AS OF 'TODAY'S DATE'). Given the securities information on the website is incorrect (no surprise) and is not aligned with the above number of shares in the issue, what's the final shareholding? Could be significantly more, all with Amit Ben Haim's name on them!
Havegun, this is stating facts by the way!
Why am I an idiot?
I was merely stating ABH has cleverly weaved this to absolve himself of any influence, hence the last post detailing said sentence. Sometimes you have to re-read what has been written in the text. Now, this could be this week, it could be next year! Meanwhile Mr Ben Haim is no longer responsible for communicating anything! The idiot!
I finally see where Amit Ben Haim is going with this... 'however, the buyer reserves the right to announce earlier and without notice.'
Think we have the answer there.
...call me thick, but if the funds are in escrow, and the purchase has been agreed, what fecking difference does it make to shareholders who's bought it, if they have. What would stop them from releasing the funds if the company that paid for it has already released said funds into an escrow account? Don't buy it.
'The DaaP sale announcement from the buyer will be published in accordance with their schedule. The Company is in receipt of the date, however, the buyer reserves the right to announce earlier and without notice.'
At every turn, there's alway (always) a reason why not caveat!
...I also think the word 'further' in the following sentence is important! This leads to another stalled announcement.
The Company will update shareholders FURTHER by 11th August at the latest.
'The Company will update shareholders further by 11th August at the latest.'
It's never been earlier, and there's ALWAYS been an excuse, I expect no different this time, then we'll truly know this has been a ploy to detract from the fact money was taken from certain shareholders post-delist. Fully expect another excuse, although it beggars belief what will be communicated this time. Perhaps Apple has bought it and they haven't the depth of expertise to get around the 'minor technical issue' 😂.
...I suspect they'll be another excuse, then I really think you can put the final nail in the said coffin. It has that feel about it, unprofessional would be an understatement. Remember (way back 7 years) when he stated a 'US$5.2 Million Distribution Agreement', well this has bullsh*t written all over it too. Probably doesn't even give it a second thought until he cobbles together another update on his laptop. Will go something like the following:
Further to previous, previous updates, the Company confirms that even more significant progress has been made in resolving the technical issue that emerged... blah, blah blah.
I think Ctag has left a lot of bitterness for everyone, me included to some extent. I have made more than the loss back elsewhere, it's more a frustration of how it's been dealt with, as many will attest to. I don't need to give up investing as I bought Nvidia in the low 100s, thank you for your concern though. Back to daydreaming!
Pipedream! Taking you ALL for mugs here. Honestly, given the amount of dilution, can you really see an end to this, considering there's no income? Glad I sold when I did as I think there's a lot more misery to follow. Kiran has bled PI's to the hilt, but even more dilution is on the way because there's no income.
I wasn't lumbered, I had them, and I sold them, as I wasn't convinced by the outcome here. Not much more to say, I took an overall loss and made a gain elsewhere, there you go. I have learned a valid lesson regarding AIM shares, if it's gone no income or profit, give it a wide berth! I may (may) look at Harvest again when I am convinced by the accounts.
I did, and it has been very profitable. To put it in context, I didn't want to put all my eggs in one basket with Nvidia in 2018, so got cold feet sold 20k worth (it would have been worth 250k now) and missed the boat the first time, those shares would have been up 1,200% (thereabouts) as there was a share split.
I liked the look of Harvest and invested quite a lot, but I simply couldn't get my head around the accounting and the director's fees. I hope it turns a corner, but I have had my fair share of bad luck, so Nvidia and Tesla have been very profitable to date. I took the loss here and took the chance elsewhere.