Member Info for Troutisout1

Are they all showing Darkryder?

Yep, Micho making even less sense each time he repeats his post, as things have moved on, delayed orders will become current contracts/revenues, the recent funding has been approved so finances are good and investors don't buy 35% of a company and then sell their shares at a loss 2 days later. Hopefully we will see some Holdings RNSs by week end and see if any of the current IIs have added or any new ones joined them.

Put in a limit offer .

Not stalking anyone Neil, you post your trades and I have a good memory, it was you who brought up another Company on here and seem to want to keep doing that today, so who is stalking who?

Just hope you have enough money to pay for them, if there is any whiff of an RTO they will have to suspend and you don't want to be leveraged in here then....

Neil777, From what I can see you have had two attempts to trade this in the past few weeks and both have left you underwater, so I am not the one who is bitter, perhaps if you had listened you would have held off buying and averaging down yesterday and not be in such a panic.

Just remember how many other people are in the same boat as you and once they reach breakeven they will hit the sell button, just need the new investors to have a sell order in and they could rug pull the lot of you traders in one swoop.

Latino,

I am not calling it down to the 0.022p level, I am just saying the new investors bought 675m shares at that level and so the price will gravitate to that.

They can sell at 0.035p and still make a 50% profit....It's all down to how many they are going to sell....

Neil777,

Investing is about recognising situations and that doesn't always mean situations where you want to invest, sometimes you recognise a Dud for what it is. I did that here and will follow it through.

You and others have been negative until you think it cheap enough to buy in and then berate any negativity (even if it is a more logical argument), good luck with your punts, good luck to Latino and others trying to get the price back to their buy in levels, however with 900m shares out there at the equivalent of 0.0166p issued yesterday, you are going to need it....

Bridgedogg,

Highly unlikely, however if in a miracle it did, it would probably be from a figure much lower than today's SP....

Radika,

No it won't, it has been moving further away from that with every development, as those in the know pick the bones of the old investors and even then they don't automatically guarantee a successful outcome for themselves.

Latino, 24 hours ago you were telling us it was cheap at 0.09p, as the new investors bought at 0.1p.

Hopefully now you have realised.

The new investors along with the lender now own circa 93% of the Company, they won't be diluted out, if DKE did get offered £1m for an RTO (and that is not a given), then all the legacy holders would get, is less than £75k to share between them all....

Radika yes it would, but the £30m company would want a pro rata amount of the shares, they would want £30m's worth and might offer £1m's worth for DKE for the listing.

As I said yesterday MUST have been offered approx £1m for an RTO into their listing, that is significantly lower than the SP when they suspended nearly 3 years ago, but holders wouldown a very small part of the new company when it RTOs and if it does well in the future they may profit.

Here however the holders have just been diluted into oblivion and so any legacy holder will hold such a minute number of the overall share issue they may even be wiped out in consolidation....

The fact there are 11 times the shares in issue now compared with 2 days ago, not make you think it might not get back to that price, that would value it at around £2.5m.

Look at MUST main market shell going for £1m valuation with it's proposed ongoing RTO.

In answer to your question on another BB, no I don't expect a drop, we are currently under the placing price and the placing raised a decent sum of cash at a 5.88% discount (have a look at some of the other placings's discounts over the past week or so).

The small discount suggests to me that placees wanted in and didn't demand a huge discount to help the Company out, the Company seems to be positive about trading and this is a nice little turnaround situation. It also could easily be snapped up by a larger CRO as the this market turns more and more to M&A situations.

It also depends on whether the Edwards are the lender or not, if they are the lender then the new buyers could be churning through their shares, with no intention of holding all of them for an RTO but to get their £150k back and anything else on top.

I struggle to see them getting an RTO on the main market as they need a Company worth £30m to want to RTO into the DKE listing, they may move to AIM and get an RTO there (allows smaller companies to RTO).

However PIs have been consolidated, diluted and treated with contempt, I don't see that changing so unless there is a spike, I can see this grinding on until everyone has all but given up and the substantial owners have got everyone by the b@lls.

If they RTO with a Company there will be a fundraise and even more dilution, as well as the other Company having 30 times more equity than DKE holders (as they only bring the listing to the party no other assets).

If you look back at the suspension price and now, the consolidation as well, holders would have been much better off selling out once it came out of suspension. However now they will take anything, as the price drops the realisation of any meaningful gains reduces...

Agree with the last sentiment, but the mkt cap will be higher when the 35m new shares are issued on Thursday. Still a sizeable chunk of cash, but they now need to use it to convert leads into revenues

Neil, It sounds like they take punts in RTO shares, if they are part of a group that paid for the 900m shares then they paid £50k for 23% of the Company.

Itisagame, what do you mean a hefty discount to conversions,?

It was only converted at 0.1p as that was the nominal value and they couldn't go below that and had already consolidated to get above the nominal value, so couldn't do that again so soon after the first 1 for 10.

So they converted them to a Director who sold them at a discount of 1/6th of the nominal price (900m shares at £150k) and then the buyers gave 225m shares back to the lender and Gazzard paid the £150k to the lender.

Now is this the holdings RNS for the lender? Or are there 2 other investors who have come in alongside the Edwards? 675m/3 is 225m, the same holding amount as the lender's

Troutisout1

Posted in: DKE

Posts: 474

Price: 0.275

No Opinion

RE: Market cap17 Jan 2024 20:07

What made sense was the discussions during the suspension, there were negative comments from everyone at one time or another, the share came out of suspension at the equivalent of 1.5p in today's money (still massively down from previous prices), it dropped and then you had the pump and dump that spiked it higher and instead of using that to get out, some (so called LTHs) bought more enabling the pump and dumpers to get out and are now sitting at 0.25p. One sixth of the suspension price, so needs to 5 bag to just get to that level again.

Nothing makes sense now, holders have just voted through an AGM that will allow the Company to raise some money (probably to pay down some debt more than anything else) and you are in a position where 7.7m more shares hit the market tomorrow and the company have your approval to issue up to 900m more shares (remember there are only 69m after tomorrow's opening). If they issued them all at say 0.15p, then they would raise £1.35m that would cover the lender (around £900m)and have £450k left, how much of the company would you own in percentage terms after something like that???

0.07p not 7p