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I have no interest in scratching you-I’m just pointing out the facts.As for Amy, I must agree with her analysis.The rampathon stuff is however startlingly baseless and just supposition

To summarise, if a raise is happening, it’s highly likely this will dip in the short term-that’s the only point I care about as a potential shareholder

I was thinking of Long and his financial position-he’s still to come back to me on the previous funding round points I made .He claims to be in the loop but was he involved in project Jesper?I turned it down on the back of the CLN and the crustacean idea-plus the plan to build a gigafactory

I bet you £5 they will include an open offer Long-it’s standard nowadays for all the right reasons but particularly in a poor market

I’m only posting the facts and with the benefit of the presentation I received at the last round.

If they are raising money, it won’t be anywhere near current SP unless they do the Indian deal and sort out the CLN.I also firmly believe they will include an Open Offer if they go ahead with the raise

The big picture??

The picture is the short term here, not the medium term, and for the umpteenth time, I don’t short-but neither do I ramp

Good luck with your views

I don’t short anything actually-never have

Buying and selling is all about timing.I don’t believe they can raise money without dealing with the CLN.So for me, the time to buy is when it’s announced how they deal with it.Given the arbitrage between current SP and the strike price of the CLN, the risk is on the downside for short term SP.It would be the case in any event if you think a raise is coming.

So two things holding the SP back-the CLN and the threat of a big raise in a pretty torrid market

These new FCA listing rules are going to bite here.No more Standard Listing so companies are likely to have to move to AiM-meaning big cash raise of £6m min.

A lot of these shells are going to get caught out-raise money within a time period or die

Someone should ask Singh what he is intending to do to protect shareholders

I think because some on here are in total denial

I ask the question again-please explain in layman terms why the CLN and warrants should be ignored in valuation and fundraising terms

Ok-here’s your chance

Tell us why the CLN and warrants are to be ignored

The voice of reason-upside medium term is big, short term not so good

Maybe

Great goal to win

Duster-you can’t defy gravity and the CLN is a problem.Even Long has stated the BoD are trying to resolve it.It may be a great BOD but they are in need of cash

This company is very cheap if they can deal with the CLN(a lock in just kicks the can down the road) and they can raise working capital(not easy in this market)

Long-if it was me, I would deal with the CLN now-either buy out, reprice with some extra warrants at strike price, but a lock in will simply create a massive overhang.All assume that they are raising cash and can do so-without a raise, they will surely run out of cash.

All to play for but not for me until there is clarity on the above-and no VCT in its right mind would invest until then.Of course, consummating the Indian deal will put some solidity into any raise.

GLA

We see what we want to see Long-be careful

Well I know nothing has been agreed because it would absolutely be an RNS job-even a lock in as Long suggests

I’m not a troll Long-far from it.

But the AGM sanctioned an increase in the share capital so it looks a possibility.The CLN is a big overhang and if I was CLN holder, no way would I sign a lock in or even reset the strike price.In essence, you would do nothing!

So for me it’s all about the likelihood of a funding round-not certain but the pointers are there

I have agree-the CLN sets the ceiling unless they can reprice

If you believe the chatter here Long, trade is sell now and buy in on the raise.

Turbine has persuaded me to invest-but only after this suggested raise is cleared up.I would think they would only do this after the MOU is consummated into something tangible

Well they have raised the headroom for a reason and the well trailed move to Aim will need cash.As you say, it’s well documented what the strategy is.

If they can convert the MOU, then it’s a buy-until then I’m sitting it out