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Not sure why everyone is worried about AJS and Cleverly, what’s required is some action on intake and production of BM to minimise the DS, and to put some credibility back in the company from all the failed promises. Companies House will tell you all you need to know re the gossip.
Why 12th April, I thought it was Sept 2024?
Yes but to finish a presentation with that comment isnt exactly going to get buyers coming to the table. All it will do is encourage a few who may have not realised that they should get out until the next raise has happened, which looks to have been the scenario that has occured.
Going on a podcast and ending with the comment " I would like to remind everyone that we need to raise funds", crazy thing to do, best not to go on the podcast at all asnow the dillution will be that much worse. Its no wonder the price has collapsed. Maybe First Class is now against trade descriptions and it should be renamed Third Class Metals!
This was an EIS raise so effectively the buy in price is 14p, but to get this you have to stay invested for 3 years, and the company be applicable for 3 years. It means we won't get a lot of selling of the 20p stock down at 21, due to the EIS benefits, and the price should go back to where it was. EIS may lose its appeal at higher prices though but it is a good backstop.
Its from the USA so is roughly $1m which is a nice round number.
You can only go on for so long with an extortionate pay and bonus (WTF) when running a loss making company. Another winner for Tom Winnifrith, he had this as a zero ages ago, and when Avani call in the debt, shareholders will be gone.
Well I wouldn't worry, you have a couple of dubious people in the original IPO that have been selling down, maybe before the regulators get their assets, so I dont see this as a problem. Small caps always collapse if you have a major seller as there isnt the liquidity to absorb all the sales. It looks to me like a false market and therein is your opportunity.
Does anyone here know what the value of Payapps potetially could be, and anyone know where RKBeekeeper hangs out nowadays?
Thanks
Not me, no point selling down here even if the incompetance of the BOD is so bad it's hard to believe they are not doing something dodgy behind the scenes to benefit themselves further. Keeping their unnessary fat salaries alive for doing zero work has killed shareholder value, they are a disgrace and AS should have left when voted out rather than keeping his nose in the trough. How TM and the Nomad allow this behaviour is beyond me.
I don't think this is correct at all, 10/11 subscribed and everyone else scaled back. Nothing else was sold although Tern did take out £180k or so from the transaction which looks a bit crazy rather than rolling it.
Anyone got any thoughts on a likely timeline here, i had hoped for 2023 but no joy?
However his tip was for results up to 24th December 2024, not just the first week of January 2024, so we have another 11 months to see the result. Must admit I don't like death spiral funding, unless I'm giving it, albeit this is better than some I have seen, and hopefully they wont require much of it after the RTO is finalised. Some of his other tips went up today so it wasn't an overall bad day for him.