Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
YA Global - (see RNS dated 4th January, paragraph 4) have an existing agreement with PTV agreed in 2014 where a total of £1.8 million can be drawn down by PTV (in bite sized chunks of around £50-70000 each time) and then converted into shares; which as we know YAG then sell into the market = yet more dilution every time. On this RNS it states that £1,111,282 was already drawn out of the £1,800,000 originally available; leaving £688,718 that could still be drawn as of 4 January. Since then, of course, they've been busy at it again with more drawn downs and then convertion into shares which they've sold. Tonight's RNS (as well as those during the day today) confirm that YAG had another draw down of £51,189 since 4 Jan which converted into 3,400,000 shares which they again sold per today's earlier RNS. So £688,718 - 51,189 = £637529 which is the sum that the company can still draw down from YAG and convert into more shares to be sold. Lots more. So YAG are by no means gone from PTV as many are stating here. Don't be fooled by that! CSS Alpha Fund's similar type of convertible loan share arrangement is nearing its end or has ended. Note that the company says in tonight's RNS 'the company is actively seeking alternative sources of funding' so it's probably lining up another CSS Alpha type arrangement either with them or another one of those convertible loan business and that simply means yet more loans converted to shares which are sold leading to ever increasing dilution. Assets V Liabilities Anyone in any doubt as to the financial health of PTV should read (again and again) RNS dated 23 December. Scroll down to the Pro Forma accounts at the bottom and give yourself a right good old pinch! Consolidated Balance Sheet as at 30 June 2015 shows Total Assets (which have not been verified or audited!) of $ 1,566,000 and LIABILITIES of $6,522,000. Yes that RIGHT the Liabilities are (allegedly) nearly 6 times the Assets in June 2015. What are they now? The issue here is very simple. No matter who tries to muscle in and try to gain a sufficient holding to try and get rid of the BoD; the fact remains that a magician will not be able to get rid of those Liabilities. At any moment; the BoD could simply place the business into Administration wiping out shareholders in a click of a finger. Read this RNS in more detail as well as the history chain of the other RNS and you will see that PTV has provided guarantees to all and sundry over the liabilities of Digitek. So it's on the hook for Digitek's debts and won't be able to rid itself of that as the Digitek loan holders have now voted TWICE NO to converting the liabilities into equity. Nothing more to be said except be very careful of those trying to casually ignore these vital issues and make out all that is needed is for a sufficient number of people to try to get rid of the BoD. Might manage that eventually but the Liabilities dwarfing the Assets is a mountain
You really have a lot to learn if that's what you think. No matter what people hold in a company, they sell into a rise, wait until it drops and buy back in.
Yes, I agree with you but he's telling people that LH is over 40%. That is an attempt to trick folks into buying. Not everyone has the benefit of knowing about is multiple identities.
How do you know he's bought more since then?
Yesterday Aim Casino was telling folks on twitter that LH had a holding of 40%. Quite a difference from 13.87%. Lambs to the slaughter.
Lots of IFs here. IF only I had been one of the 2 lucky winners of the lottery last Saturday. Let's supposing all these ifs actually happen and I doubt that very much, well, what's going to happen to all the debts owed by the company? I hope the folks buying this dross have big pockets and lots of cash to burn. The other alternative is as we all know is bankruptcy.
Totally agree with you. The lottery, William Hill or Ladbrokes.
Folks can write as much as they like about submitting TRI's. It actually means nothing. Each time the company releases an RNS they dilute further so the holding is no longer 3%, 4% or whatever information given on the TRI. Folks would be better going down to William Hill or Ladbrokes. That would be my advice and to avoid this like the plague. Some folks have clearly got money to burn while others are trapped. Shocking what's happening here but the board aren't the only ones tricking folks imo.
There are some decent companies on aim. Unfortunately, it is the rubbish ones that tarnish the rest.
If I had attended the AGM then I would have voted NO. It might have been the end of the company but I'm not so sure. Remember it's a gravy train for so many who have their heads in the trough so I'm not so sure that would have been the end result. We were told that even if the nomad resigned then that wasn't a problem as the action group had that covered. We were all sold down the river. Let's face it. How much money have folks lost since the AGM?
I will cast your mind back to a few months ago when the PTV Action Group were going to challenge the board. What exactly happened there? As I recall folks gave them their vote and were assured that they would vote against the board. We all know what happened next. They rolled over and agreed with everything. In my mind this wasn't doing what they promised. They assured us all that they would vote on our behalf and respect our wishes. How much have folks lost since that meeting? We had the consolidation and then how many dilutions since then? Each week more shares are issued. The same people ramp this stock. Ask yourself why? What's in it for them? They pull in mug punters and all the while they're exiting by the back door. A tweet is posted saying that they've bought in and that gets folks going and at the same time they're pressing the sell button and we're all left behind to face the music.
I agree that this has been ramped by so many. It's shocking. Folks have lost lots of money here and still they buy more hoping for a miracle. It's been one dilution after another. Right since the meeting last November when folks were promised that the board would be challenged. We all know what happened. How many dilutions has there been since? I've lost count. I strongly advise folks to think about what they're doing unless of course they have money to burn.
Folks putting their hard earned cash in here must be totally mad. They'd be better going and backing a horse as at least then they'd have a chance of winning something. How many dilutions has there been since the consolidation? I've lost count. Folks have lost so much money here and will only lose more. Yes, there might be an odd bounce but it is always shortlived and then we've got the return of YA and others. Shocking!!
This has been a totally ramp to trick folks. He was saying on twitter yesterday that the price was going to 15p. There's now no trace of any of his earlier tweets. Why do you think that is?
The person who has been ramping this on twitter today has deleted all their tweets. What does that tell you? Folks appear to be getting tricked into buying. Good old pump and dump to let folks make a profit at others expense. Try to find The Aim Casino now. I suspect the same person is on this board in another guise so be wary. I'm genuinely sorry for folks here under water but be careful of folks providing information with no substance. Look what's already happened to the share price over the last few weeks. Folks have lost too much money already; money that they can probably not afford to lose. GLA.
A fine set of results showing that the strategy of offsetting the POC tax introduced last year: is working a treat. And, what a great idea it was to purchase Otherside in August: to have a dedicated marketing/advertising business driving traffic to the various brands' sites. Watch out for the new brand launches in the next few weeks! Outstanding cash generation continues with 4.7p of the current SP covered by cash in the bank! Note also the references to the increased M&A activities. Must be ripe for a takeover approach given the metrics and depressed value on offer here. A Market Cap of circa £28M and £13.9M of that is already accounted for by cash in the bank (excluding depositing players' balances) for a highly successful niche gaming company and its very own highly successful bolt-on marketing business. Wonder who might be looking at this with a view to a kill?
Zak Mir is forecasting up to 17p for this share. I'm certain that will happen. However, as I've said before I wouldn't rule out a takeover in the future. This is my opinion. That 17p target comes from Zak Mir in his tips today. GLA.
Highly significant recent appointment. Developments. Clue?
I have analysed today's trades and what becomes very clear is that the majority, if not all, of the trades that took place today were subsequently sold sometimes within minutes later. If you look you will see that some were sold in exactly th same number in which they were bought while others were broken up into two or three seperate trades. The question is how many of these trades were actually genuine and what was really happening here? I'd say there was an effort by the same person/people to deliberately get this going with the intention of trying to drag in unsuspecting private investors. Well worth the watch here.
Myfairlady, sorry to say but you've got the facts quite wrong with the earnings and the extent of the impact the POC. I have to disagree that the business is going in the wrong direction. POC is very old news now and NPT took decisive action last year which has been bearing fruit since early this year to mitigate the extent of the POC. Unlike other gambling companies, NPT has taken unique steps to retain and recruit players from very successful initiatives rather than splashing out on increased marketing spend at the expense of margin and profit. If you do some basic research, even from on line sources which are readily available, you will see that the turnaround is well and truly underway here. At 10p per share with almost half of that ie 4-5p covered by free cash at bank and no borrowings, revenue approximating the current MC; there's no question that this share is cheap on a forward ratio of 5-6. How much cheaper could it possibly be without being ludicrous?