block the deal and do a placing at around 3p. then rebuild. Only 55m shares in issue in total, they could easily double that or more.
I really cant see this deal going through, the more i think about it, it is far too crooked with Adam staying on board.
just bought back in 300k and im against.
1. why do the independent directors think this is in shareholders interests? shareholders will get nothing.
2. all we need is people buying today to vote against the deal. only 25% needed to block it. About 15m shares in total.
3. block the deal, do a fundraise for holders, remove management and rebuild.
But no, they will somehow get it through. Those who want it to go through for their own gain will be buying the shares up for the vote.
For once shareholders should buy more and vote against to make a statement to this crook.
If they announce funding and manage to keep 10% or more of the production/income then 10p is definitely possible.
At present the sp is priced to fail. Massive upside here with a funding deal.
Nt to buy
It had to happen. Let’s keep it going now and 1st step get over 10p.
20m shares in free float, another 1.8m traded today. That is almost 17m traded in last 7 sessions, simply has to pop upwards soon.
Selling at this level has dried up, we now need buyers who want a quick double. Update required.
only 52.5m shares in issue, 60% tighly held, leaves 20m free float, last 6 days 15m traded. Sellers at this level about to run dry, SP has dropped from £2.50 to 6.5p, Strategic Review launched 3 months ago.
As was also announced on 8 December 2022, the Board believes that there has been limited liquidity for In The Style's shareholders for some time and that the current market capitalisation of the Company does not properly reflect the underlying growth potential of the Group which may be better realised under an alternative ownership structure.
SP was 13p on 8th Dec when this statement was released. Since then it has halved with no further news. IMO it will be back over that soon and much higher in a few months.
Seems pretty simple to me , sidetrack success and sp moves over 2.5, fails and back to 0.7area.
I’m in at 1p so worth the risk imo.
If that is the general feeling here why not create a group and call an egm ?
Looks very good again today.
2.47m buy at close at 1.74, going up again tomorrow.?
Personally I think today confirmed the big seller is done. That is why the sp has been dropping. It could go back up to a decent level for lth’s now. Imo, and yes I am new.
Yes but you need traders to get the sp up, new traders will come in at each level if it’s rising. Which will benefit lth
If the sp goes up why is that not a good thing for lth’s?
Big sale reported end of day, mg investments fully out.
M&G Investments
7,921,115
Sale was 5,871,115
Could bounce from here.
well, with $200m of funding it certainly wont be £8m.
We have to remember that 25% will be added for Valkor and probably a bit more for the funders. So imo Market cap will make its way to £60m at least (not in one swoop). But bear in mind the shares in issue will probably be in the region of 2.5b to 3b so my sp prediction is 2p to 2.5p. This will rise according to progress on production from the initial wells and start of the construction of the 5000 bopd plant. 3 to 5p is where I thing it will settle until production starts from the 5000 bopd plant.
The only reasons I can see it going higher than this are:
1. more wells being drilled and put to production.
2. The refinery deal progressing and being built.
3. Vivakor production and sand sales starting.
Who knows where the sp will be if some of these come good.
All of the above is based on the funding of course and securing the remaining 90% of TSH11