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Jimi. As I’ve said before, look at the share price. It doesn’t lie.

As most on here know, looking at the trades for buy and sell is a waste of time. The share price tells you everything you need to know. Also after having very low daily trades for a period of time then suddenly having 10x the volume in a day with no news on the day or the following days and the share price doing nothing, you have to ask yourself why.

More board members than trades today.

The only thing guaranteed here is you are now locked in for the weekend. Let’s see what comes next week. I’ve got Monday in the sweep.

All will become clear on the 7th

Rented office now, more staff being made redundant. Doesn’t smell nice.

You could well be correct.

With covid and Russia I can see the company using the opportunity or being forced into another restructure/redundancies unfortunately. How many more times can this be done before it’s just the board left. Maybe Alshaya will buy the brand if it’s cheap enough or maybe not. It’s sad that such a big brand has ended up where it is today. Only a few years ago this was 120 now 6 and will probably go lower. Last one out…………….

Keeping an eye on this. Unusual large buys this week and the AGM today. Does 2+2= 4, not normally with aim. Another £5k buy just gone through. Is there more news coming?

It is possible

A £127k sell at 16.29pm is never good to see

Wow that happened fast. I’m surprised as we knew the new shares were going to be issued. There is a waiver in place I think as part of the new finance that Richard Griffiths can’t go for a take over with his 33.9%. I might be wrong. It will be interesting to see how it plays out over the next week.

My lse is now showing an adjusted mcap but not showing the new shares. Maybe it will update during the day. Slow day today, only 4 trades so far.

Looking at my L2 it’s still not showing the extra 189 million new shares have been added. Thought it would of been done by now. It will be interesting to see what the mcap is next week.

That’s correct manu. Richard Griffiths (Blake Holdings) are also part of the shareholder loan but I can’t see them selling with their massive holding now. I guess we will find out next week how the market will react to the share addition. Longer term looks good.

The dilution is the repayment of the loan at a massive 189m extra shares then we take a new loan out of £19.5m. Seems a good deal for Lombard converting 13.5m to 19m guaranteed

Manu, after looking at it, the loan was 13.5m with Lombard but that has been converted to 189 million shares at 10p which is roughly £19 million pound. When Lombard receive the shares next week don’t expect them to sit on them. They are a finance company and will take their £5.5m profit

Manu, that’s what I thought. £13.5m with a new loan of £19.5m ?

So the extra 189 million shares we were expecting to be added today is now probably going to be next week.

I agree, and it would be a great comeback from the bod. I said ages ago there wouldn’t be a ceo appointed as it wasn’t needed. The company was forced into changes that ironically is helping now and put them a year in front of what other people are going through now. I can’t see a downside other than getting over the short term dilution and extra funding. Very low overheads and a brilliant franchise model.