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Why would SOG be writing 10,000 words a day on this website if he didn’t think it would influence anyone? For fun? No. He’s trying to get them to buy. Either for personal monetary gain or because he’s stupid enough to genuinely believe the share price is going up, despite all of the ongoing evidence to the contrary.
Rebster
100% they do.
Just go and have a look at the impact Ria has had on various share prices by posting on LSE.
Loads of the people who read this board will be influenced into buying or selling.
I just hope I have encouraged some of them to sell to offset the financial losses caused by the rampers.
HTH
PUMA
Elcap
Thanks for the message.
Despite the abuse we got, it gives me no pleasure to see people losing life-changing sums of money here.
Sadly, I think from experience that the share price trajectory can only be downward from here until the financing side of things is resolved.
My guess would be that it will fall to single figures from here, and could quite easily be a zero.
OK but I’m not sure it will be quite so side-splitting when the company’s bank balance is literally zero and they have to appoint a liquidator.
Alternative is a deeply discounted placing. They’ll be rolling in the aisles at the next AGM reminiscing about that one.
OK but for those people not living in cloud cuckoo land, since that video (which was dated July so even if it does say they’ve got 12 months’ cash and nothing unforeseen has happened in the intervening period, then they are still only 5 months from financial oblivion), surely any rational investor looks at the results to 30/9/23, which obviously cover the period subsequent to the video, and replicates the straightforward analysis done by Haigh and reaches the same conclusion.
So ultimately, worst case they are completely brassic, in cloud cuckoo land best case scenario they’ve got 5 months’ cash runway, in which case any shareholder would surely hope they are fundraising now rather than leaving it to the last minute and ending up with and even more brutal discounted placing.
Aber
They would have bitten your hand off for 90p. The city wouldn’t give them the cash at 50p.
Sadly, getting existing shareholders to fund a placing just isn’t viable with the current rules which are, ironically, designed to protect shareholders.
The requirement for a prospectus and the process for getting one make it way too cumbersome, expensive and slow a process.
Maybe this is what needs looking at.
I think the main issue is stopping the leaks. If you invite one shareholder, you kind of have to invite them all. And you can’t secure the commitment until everyone knows about it.
Perhaps the best option is for the major shareholders to make sure they are inside with all of the bucket shops and then, once made inside, approach the company and ask if you can consult with other major shareholders (making them inside also, obviously, which would mean they couldn’t sell until they were cleansed) and try to put together enough cash between them to cornerstone the raise.
You’d need some shareholders with some pretty deep pockets for it to work though.
To be fair, Earl of AIM and BJ are both a bit soft in the head so I doubt anyone bought of the back of their ramblings.
The real culprit in all of this is Paul Warwick, who some may mistakenly believe to have a few brain cells having somehow managed to accumulate enough wealth to spunk over a million quid on FAB shares.