The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Lostmoney. Are you (pick the 1 that best matches):
1) A shareholder who is very annoyed with MOS
2) A shareholder that has mostly / fully sold who is very annoyed with MOS
3) Someone who is short
4) Someone who is looking to buy but at a lower rate
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Lostmoney. That's not right though is it. At least put the facts out correctly.
It's cool to pick out things they have done and say the negative argument and I think it's okay to actually say the things that I see as positives as that's my right.
They raised £675,000 @ 0.07 and then £114,756 @ 0.06.
So that is £789,756 in December 2023 and January 2024.
Lostmoney. touché
Surely you can see that it looks a bit odd having 6 people all going for the attack on what was a decent and clear update?
I have been very transparent about when I invested and added.
Got to love a short squeeze possibility as that adds the perfect storm if you get lucky enough to pick a company that turns around from a low base and combine that with the shorts getting squeezed (maybe a bit of that happened a few weeks ago with our shared pick HE1).
This is getting silly now. 6 posters all on the attack.
Looking at the number of posts historically from these "investors" about MOS is quite revealing.
Amtech: 30 MOS posts in last 30 days
scottyboy1966: 4 MOS posts in last 30 days
lostmoney: 34 MOS posts in last 30 days
Hepseal: 13 MOS posts in last 30 days
Systemicbods: 4 MOS posts in last 30 days
Lothbury: 11 MOS posts in last 30 days
Has anyone else actually looked up Mr Farzad Peyman (mentioned in the RNS). For a company with a £3 million market cap to attract someone like that to work with them is a result before he actually does anything.
Add that to the technology partner (who also invested £400K).
I may well have picked a company that does not perform as I expect (and hope!) over the next few months but I am happy with how things are looking whilst not wanting to appear insensitive to any of the genuine shareholders that have been here longer than myself.
Scottyboy1966. No I am not.
Make that 5 people now all chipping in to try and discredit the company.
Really makes you think what the purpose of all these posts are...
It's a bit strange that on what I thought was a decent update we get 4 serial posters all gunning for anything that they can. Including me.
lostmoney
Hepseal
Systemicbods
Lothbury
You see lots of comments on these boards about shorters and normally I think that is people making excuses for genuine selling but part of me thinks that we may have a bit of that going on here.
In the fullness of time these market games all sort themselves out so this could be very interesting if this is the game here.
Silversprings. Thanks.
NFTs: I like what they have done and to be fair to them they have generated some revenues but for me it is not as exciting as the betting venture. For a number of reasons including betting is a mature market and that they have the free marketing with the other partners which I think we all agree was an uphill struggle for a small company with limited funds.
Revenues from betting: IMO one step at a time. They need to get this launched and then grow it. I am invested here to see them get things up and running and then I hope that I stick with this as a long term investment and hold it for many years. But revenues are not the most important thing for me initially. On that though they can show dramatic growth if they get it right which is where the value is as opposed to investing in a much larger proven betting business.
I am not sure why many are being so negative (surely they are not short of the stock?) as I am very pleased with how things are looking although it is very early days and the company has a lot to demonstrate.
ME also put £25,000 of his annual salary into MOS in the December raise (the other directors also subscribed for shares).
Taking the figures I posted earlier (£82,500) that is roughly one third of his salary back into MOS shares which will be tied up longer term as they can not trade them like us retail shareholders.
I don't see many other AIM company directors giving such a big commitment.
That's a bit unfair and overly negative IMO.
"The Agreement has been expanded after a full evaluation by the Board to ensure it provides fair and good value to the Company as it scales up. The Agreement covers the provision of office space, on a re-charged basis, as well as creative, technical and office support to the Company in operating its Streams data service and NFT platforms at on or below market rates, contains a 90 day notice period and is subject to 6 monthly review. In the year to 30 June 2023, Kruchdata Limited paid Ignite £172,000 of fees."
I checked the annual accounts released in December and his salary was listed as £82,500. Even if one third of that Ignite fee was just going directly to ME as a "salary top up", which it is not as you can see from what they state it is for, then his annual pay from running MOS would be £140K. That is not especially high for even a small quoted company.
For clarity that is not what they say it is for and when you invest in a company big or small you trust the company to try and progress the company which to me it looks like they are doing now.
Mr Farzad Peyman seems like a serious player in the betting space. Check out his bio on the website they mention in the RNS. That's made my day reading that appointment. Have a great evening all.
Nice update from the company to keep us informed. Here is my take on it.
Advisory Committee formation
- Good development as many shareholders think that things happen overnight but clearly quality people are needed to make good things happen.
IgniteAMT Limited Agreement
- I like the transparency here as last week or perhaps it was the week before people were saying that this agreement was shady and I think this RNS explains it clearly.
Warrant issuance
- Seems fair to me. That is 200% roughly from where we are so I doubt any new investors will be that concerned about this. Interesting that they have only given them a 1 year life!
P.S. Just added 2,000,000 MOS @ .0547
Sorry but I must be missing something here. I got the 9th degree from a few of the posters here last week so....
On your history "My stock pick is Petards…" on 23 Sep 2023. According to the LSE chart the price was 6.875 at that time. The price now, after a very good daily rise on tiny volume, is 7.50 to 8.50 but it did dip quite a bit after you picked it so if that was timed right (let's say 1.5 months after you picked it) I agree they could have probably got a nice gain from when they bought it if they timed it well.
My earlier comment was more about chasing risers so the time to buy PEG (Petards) was perhaps before today!
Lothbury. PET? Showing as no change on LSE? What price did you suggest this company at / when? Obviously no one should be taking advice from comments here, just getting ideas to research at the very most, but selling something that is pretty much at all time lows to buy something up 23% on the day is perhaps not the best idea IMO.
Bluepun. Thank you.
Lostmoney. I don't think I ever said that I don't understand finances. Probably more along the lines of I am not brilliant with finances. Or maybe it was specific to MOS that I don't understand every aspect of their finances. There is a difference in those different opinions of oneself.
Been doing a fair bit of Google research today on MOS and obviously that includes the partner for the gambling venture.
They certainly seem pretty active at the moment as I have kept an eye on their website and it now says that they are at the "SBC Summit Rio 2024" in March and up to recently had another exhibition that they were at in Feb "ICE London 2024".
From memory they are now the biggest holder in MOS with a little over 10% so that's another company to keep an eye on alongside MOS of course.
Worth looking at their website (google WA.Technology and it will come up).
You can also read a weekly update that they put on their news section.
I am impressed with them from what I can see online and I do take the comments about the history onboard with this comment too.
Thanks. I agree with that too. For me would prefer to take on the much greater risk and try and book a multiple return but I do also do what you are saying (normally with much larger companies) and buy things when things are more certain and go for 10, 20, 30% etc... As one of the other posters rightly said people need to do what works for them and also own that decision whether it works out or not.
P.S. I must admit, and I am not looking for sympathy here, but I feel a little attacked by you two today. No wonder few others bother posting about the company for fear of getting shouted down! 🎯☮️
Amtech. I have also said what you constantly say i.e. the company has not done very well to date hence the opportunity as I see it now. But its only an opportunity if they start to deliver. I am happy to wait and see what the company does but it's very high risk as nothing is certain. I think the history and the current dire AIM market is giving me this opportunity that may, or may not pan out. But if they do deliver, which clearly some doubt and that's fair enough plus very much understandable, then I get my multiple return.