We would love to hear your thoughts about our site and services, please take our survey here.
Trisor I only go through all these posts because I think you are a decent fella and reading too much into the RNS, if you are only holding because you believe NNN had funding agreed on the 6th, you should sell.
Trisor I don't think I was arguing NNN wouldn't get funding
I was arguing NNN would run out of money in 6 months even though the RNS on 30th June said they had enough funds for at least 12 months. Lots of people saying I didn't know my **** on this one but I do and indeed was proved correct
Once NNN did the lanstead I said they would not get anywhere near the money in the RNS and indeed only on the drip, despite lots of hostile posts it took a long time to be proven correct on that one too
Once they did the Oval X deal I said the middle scenario was NNN run out of money by June, oh **** right on that one too
Now I'm telling you NNN do not have a funding agreement and you chose to believe Duffers who only give you false hope over me who has never given you a bum steer.
Im a little hurt to be honest.
You agree the RNS is open to interpretation IMO it is for a reason. It is not because the nomad and Duffers cant string a sentence together it is because without the ambiguity the SP would be even more ****ed, and I mean totally ****ed.
Trisor neither deals were funding in the conventional sense. Lansteads is in instalments so no risk and Oval X was just an over night flip using the 25% discount to protect the steak and hopefully profit on warrants
If you have a written offer of funding the nomad would agree you do not send out an RNS causing the SP to crash.
Trisor look at the track record of all past RNSs that you thought said deals were coming etc its all smoke and mirrors.
NEVER assume the best if it is not as clear as day always assume the worst.
It is clear if they had funding offers in writing to chose from they would not have put out the RNS saying they were running out of money because they had funding agreed.
you believe they have one or more actual offers of funding in writing on the table ready to go and the only reason for the delay is they are choosing which one to go with. Is that correct?
Trisor, that does not answer my question, forget deciphering the RNS please try and answer the question below.
if you knew there was no funding option agreed with an investor on 6th of April would you sell thereby salvaging 25 cents of the dollar or continue to hold hoping something will still happen to save the day.
Trisor ????
if you knew there was no funding option agreed with an investor on 6th of April would you sell thereby salvaging 25 cents of the dollar or continue to hold hoping something will still happen to save the day.
Id appreciate your answer I have a cold can of Kestrel waiting for me.
Trisor if you knew there was not funding option would you sell thereby salvaging 25 cents of the dollar or continue to hold hoping something will still happen to save the day.
Trisor the other issue is the day before the Oval X placing NNN SP closed at 0.29 so getting them at 018 seemed like a good deal but hey ho... best laid plans.
As Ex stated RNS says "have potential funding options" not funding options. I have potential funding for one of my projects but no one has said yes and a couple of my potential funding options I haven't even approached yet.
NNN will not be able to convert potential funding options into funding now its IMO just too late, they have failed to deliver for to long and anyone can read the RNS and ask, where are the contracts you intimated were just round the corner.
Only hope is some kind of RTO
True but anyone thinking funding may happen would have to acknowledge the odds of funding were far greater at 0.2p and if Duffers couldn't get funding 2 months a go why would he get it now.
Poor people have been asking is this the bottom for 2 years now, so no.
Im also not convinced Gaz is even relevant anymore. Duffers is CEO and has spent all the cash while Cave boy has sat around doing and saying nothing. It not like Cave boy has been able to sell any shares or been paid very much while he watched his project go down the plug hole.
Even though most LTH wont sell at this level the people who have had a punt since the 6th will start getting cold feet soon and with no new buyers coming is this could easily fall further yet, a lot further.
Poor I did have a punt after the mid Jan drop but now with information available to us mugs I think NNN is more than 90% going under because there is zero chance of raising funds but as always there remains a small chance of an RTO, a chance worth having a punt on? not sure.
LossJock, Lansstead have sold all the shares they have paid for the remaining pile will be sold as and when they pay for them at 25% discount over the next 19-20 months, that's if in the highly unlikely event NNN get past the end of may 2023.
I don't promote stocks and shares just pull the porkie pie tellers on the BB
If I have any legitimacy on the BB it is that I have called this share price correctly since it was circa 2p a pop.
Now its 0.068p hard to believe but true so must be a badly managed company r a company with valueless IP or both
RR thanks
Juxta I don't have to explain my motives but Ill give you 2.
First I don't like seeing porkies all over this board which might induce people to buy or indeed not sell
second I know what is possible and plausible in tech small cap so can decipher management speak in RNSs, tweets and interviews, and as RR said I usually get this right.
I try to be polite at all times but admit sometimes I get this wrong but really I have only been rude to a very small select group of contributors on this board.
I will keep going until NNN deliver something of value (highly unlikely) or goes tits up (very likely).
RR thanks
Juxta I don't have to explain my motives but Ill give you 2.
First I don't like seeing porkies all over this board which might induce people to buy or indeed not sell
second I know what is possible and plausible in tech small cap so can decipher management speak in RNSs, tweets and interviews, and as RR said I usually get this right.
I try to be polite at all times but admit sometimes I get this wrong but really I have only been rude to a very small select group of contributors on this board.
I will keep going until NNN deliver something of value (highly unlikely) or goes tits up (very likely).
Trisor how many shares can NNN allot for a potential placing without requesting authority from shareholders?
Not many and by my calculation NNN can at best raise 150K if they can find an institution of idiots to give them even this little drop of cash to add to the pile of cash already burned.
I guess NNN is so cheap we can expect Directors buys to flood in before closed period starts 1st of May.
Fill your boots Duffers, LOL at that one.