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If Alludium is such an innovative company - Why does it need a shell. Surely instos would be investing.

Why not just raise the money and IPO directly?

Alludium is a multi-agent platform that integrates with any foundation AI model. That's what it might aspire to be, it isn't at the moment.

Last October, the company was in the process of being struck off Companies House! If a company can go from nearly being struck off to "a multi-agent platform that integrates with any foundation AI model" then the barriers to entry are obviously very low.

Bargepole!

This is a zero. Only people to make money here will be market makers.

Potential FCA fines could wipe out the cash

Seems to me the business is going through a phased winddown. I think the cash shell point in the RNS is for the fairies.

My guess is that an FCA public announcement is not far away. Possibility of fines too.

Something very obviously was not right with the way the business was operating.

There isn't any such thing as an "FCA regulated agent" there are appointed representatives and tied agents of Principal Firms.

BlueChoices doth protest too much, methinks!

As I said before, I would also be very wary of any regulated financial advisor introducing clients to an unregulated firm for investment purposes.

Would love to know what the commission payments were. BlueChoices?

BlueChoices, If 79th Group are not regulated, why on earth are they making decisions on how to invest OTHER people's money?

Based on your point ;

"To clarify, the 79th Group is not regulated; hence, they operate through introducers—regulated financial advisors. Their role in FCM is limited to that of an investor"

Two FCA permissions immediately spring to mind ;

- making arrangements with a view to transactions in investments

- managing investments

I would also be very wary of any regulated financial advisor introducing clients to an unregulated firm for investment purposes. Would love to know what the commission payments were!!

Gatekeeper I think you are wrong on a few counts.

Firstly I would expect that the FCA and COLP were communicating prior to the raid/arrests.

Secondly, when the investment was made the FCA definitely wouldn't have vetoed it as they could then have been accused of tipping off, and compromising a potential fraud case. Given these points, it is no surprise to me that the investment went ahead and the arrests happened very soon after the investment.

As part of the investment, new executives were appointed to the company's Board which has a bearing on the decisions made on behalf of the company and its shareholders.

Also, there is layering, it could be that COLP has reason to believe that this investment was used as a means to clean fraudulently obtained money by using the investment to get the funds into the financial system.

COLP do not smash the doors in on a whim and a punt, a lot of discovery work will have taken place.

Would not touch these shares with a bargepole.

Fabulous, let’s see if it can sustain a break through 1.6p

You are all underwater and were trying to extol the virtues of investing in this company when it was around 8p. This share has tanked. My guess is you are all over weighted in this and desperate for a result. You guys are stuck for the long term.

One things for sure. The BoD will get paid handsomely, I can’t understand (although I have my suspicions) why you continue to back them.

You guys keep drinking the KoolAid!

Have they been in a closed period for the last 2 years?

Failed investor? you need to look in the mirror!

The deal has been done with AA. Why do these people need a retrospective incentive? They have already been paid for doing the deal!! AA controls the transaction now and they will decide either way if they wish to continue.

Blatant opportunism. Only a clown would try to defend it. Shareholders paying the price yet again.

Down 23% on what exactly?

Because market makers were scalping. Was always going to happen. The clue was in the spread.

It's a bit of fluff to deflect attention away from the undeserved options award.

It's funny how they both happened to be announced at the same time..... Strange that!!

Oh well, at least the spread has tightened up!

What happened to the last round of options the Directors had? Worth looking at how shareholders were treated then.

1.6p is the resistance, happened 3 times now recently. It struggles to get past it.

I disagree, don't think they have £300K left.

From the 11th MArch RNS

"The CVA requires a single contribution of £115,000 will be made into the CVA from the proceeds of the Subscription within 14 days of approval of the CVA."

I think it's more like 10X cash.

Whats the market cap as a multiple of free cash?

This is way overvalued.

BCE have Tennyson who can raise decent amounts of capital. Better proposition IMO.