Member Info for Twohits

You are missing nothing, there are just a few punters trying to obfuscate.

At the high end of the average daily volume of 4m shares traded it would take 11.5 years to clear that overhang if every single trade was that block selling 😂

How’s the “world renowned board” getting on with their “strategy”?

It was down 20%, now it’s 10% #winning.

It will be lower later.

Still overvalued.

anyway, enough! anyone new to this stuff, “run it through ai” and see who you think is talking ****e. if you decide it’s me, you deserve to lose money, i tried my best. over and out.

“DEBT FREE a useful calculation denominator which the obsessed NAV operators have not factored in”

It’s Net Asset Value - as in Gross Assets minus Debt.

The clue is in the “net” part - net takes away the debt, gross does not.

When debt is zero NAV = Gross Asset Value.

Not sure I’ve ever come across such a shyster in my life!

Ditto, just hope any of the uninitiated don’t get sucked in. I’ll let the share price do the talking from now.

Somebody doesn’t understand the concept of convertible debt…

£163m was raised through a convertible, bitcoin was bought at a level about 35% higher than current levels. 47% of the investors wanted their money back and the company had to crystalise losses to repay them. The other 53% agreed to the backstop date and had their shares converted at a 1p and are now sitting on a loss.

As for “£163m”..

For anyone new to this stuff, an example. If i give you £1m and you spend £900k on whisky and women, are you now worth £1m or £100k? The amount you started with is irrelevant, it’s what you have now.

All PJ and SW are doing is highlighting the value destruction here. It doesn’t matter what the company raised, it could have been $1trn; what they currently have in assets does - and that, as they admit in the RNS, is c. £52m in assets. Hence the simple calculation. I completed the CFA, I’m not sure these guys could spell it.

Posts facts = must be short.

Posts absolute wild ramping nonsense = just a concerned shareholder.

I get it now.

*I did,

“not idea”, bloody autocorrect!

Don’t fall into the same trap idea. I thought he was just some bloke who couldn’t add up, he must work for the company, as with a few others.

Exactly. All the other noise with rockets and multi bag chat is completely and utterly erroneous. 0.4p is a generous valuation especially with the cash burn at company level.

It’s either 3 or 4 guys in a room doing gummies on this board or one bloke on his own (still probably doing gunmies). Shameless.

Anyone reading this, please read the RNS, rather than cherry picked bits of info from it.

Will no longer respond to these two or anyone who doesn’t deal in facts.

Exactly.

I’m 100% right. These two clowns piling in, just reinforces my view that this share is absolutely untouchable.

Right, so just going to ignore the actual RNS with the actual facts then.

SteamyWee

Posts: 1,387

Price: 0.70

No Opinion

RE: 50XBAGGERToday 15:30

Ohh, keep the insults coming Twohits. It only goes to display your actual intellect. Not even a modicum.... 🤣🤣🤣

For the record.