Member Info for Thatslifebro

Considering they have at least £500k of cash and the main listing worth upwards of £250k the shares already look cheap just as a shell. I think either the CEO (serial business developer including a founder of ARB) will put a new business into this or there will be an RTO. I well understand why so many people on here are complaining about this car crash stock but time to focus on what happens next because the old business and its products are dead and have been a long time, they are irrelevant. Don't keep saying this is going into administration folks, no chance. One way or another a new business will be put into this and we will finall see the shares rise again. Good luck everyone, little point in selling now anyway.

Yes, I agree!

I have also reported every one of Hexams posts which mention a number as it is all misinformation.

Just report Hexam for misinformation, simple as that.

Very good RNS today which certainly puts to sleep all the nonsense about an impending cash raise.

They won't be going into administration, they had the best part of £1m in the bank at last count and minimal cash burn. The company is more-or-less a cash shell with a main market listing. Any sniff of a deal will see these back over a penny just for starters.

As long as they are solvent (which they are to the tune of c. £1m) they won't fold.

Why do they need to fold? Cash burn has been slashed, BOD reduced, CEO not taking a salary, still have best part of £1m cash. Basically a cash shell with main market listing....perfect for an RTO.

Too many cry babies on here.

Of course it's a sell, that's why the shares are down (again)....just when I thought they really can't go any lower.

I can't wait to find out what they are doing but they don't seem to be in any hurry to tell us.

There shares will gap up massively on news.....you will not get back in like that.

BREWster and the shorting ......not only is their short going pear-shaped very quickly now but their behaviour will land them in a lot of hot water with the FCA.

News that method B has been successfully implemented in mining bitcoin will see a buying frenzy and who know's what the shareprice will be afterwards. Otherwise we are stuck here.

There are plans alright or the new directors wouldn't be here .....this company is now basically a shell with £1m cash (market cap below that number) and very low burn......perfect for reversing into.

CEO Michael Edwards is not taking a salary and this new director may well not be either. These two have good track records; why would they bother getting involved if they didn't have plans for the business. I have very little left to lose so I am going to stick with it and see what they come up with.

They must have been listening to you crossthetea.....after hours RNS out. Timothy Le Druillenec appointed exec director. He's currently a director of Phoenix Digital Assets PLC, which Michael Edwards is involved with. He was also a director of Argo Blockchain, which Michael Edwards co-founded.

Interesting appointment?!

Yes, defo a busier trading day today......increased volume/trades can often be a good signal. I'm hoping the shares are at their lowest point now; I topped-up on results day due to reduced cash burn and increased cash runway. I thought that news would have been positive for the shares but hey-ho. Now my average is 1.6p....not good!

So nice to log in and be able to read the day's posts....so much rubbish on here day in day out for months and months, hundreds of worthless posts every day. Hope it stays this way.

I agree there is an error or it is at the very least exrememly badly worded.

I agree they should clarify.

As for whether or not they could achieve that much saving I have no idea but let's face it they were p***ing money up the wall like there was no tomorrow so I thinknit's possible and I hope so as I decided to hold to see what Mike Edwards does rather than cut my losses.

I don't know but the CEO is not taking a salary and a non-exec just left.

The paragraph is very badly written, that's for sure but it does state clearly that their burn is now 50k per month and it is a pretty important number for them to get wrong and by so much.

My only other thought is that the average50k burn per month could be the number since Feb 2024 as it says "going forward".