Member Info for unitedguy

Ex good guess Im going 20th

I don't think Duffers will hand over company to administrator with zero in the bank. To be honest this might take all the money they have left now to liquidate it.

On day the shares are suspended

Trisor I and others have called this correctly for 18 months now, we said all RNS would lead to nothing and we will not be wrong at the death of Caveboy technology.

Two options remain and will be the only ones be considered by the BODs, a half baked massively diluting RTO or the administrator/liquidator, that is it.

Oh dear

No Trisor you miss the point they knew in January they had funds to June, they knew they had no revenue, they knew they had no signed commercial contracts so based on these facts IMO they should have informed the market they had cash for 5 months. They didn't and you still you say they might have been unlucky

Trisor the 10th of Jan should be engrained in your mind because the RNS on that day should have said

BODs is pleased to announce a conditional placing to raise gross proceeds of £0.4 million which along with current funds is sufficient cash resources to finance its operations through to June 2023

BECAUSE THEY KNEW THEN!!!!!

Poor can you sell your recent purchases?

Trisor they can only be evaluating 2 options, calling in an administrator/liquidator or what can only now be a half baked RTO.

Castle dumb dumb

lanstead will only sell what they have paid for, Ive always said they have no upside in selling what's not paid for only risk.
Cave couldn't sell previously because the outcome would have trashed the SP and now it trashed if he sells followed by NNN going t*ts up he will be in trouble.

Callit FFS if NNN had anything to update for a rights issue they could just as easily post this update today in an RNS and then the SP would rise and bingo they could do a placing and Lanstead agreement would generate worthwhile sums.

when will some of you catch on if they had anything worthwhile to report they would Inform the market today if only to save their own fat salaries.

Come on guys it really is time to accept this is dead as a dodo

Trisor, these are shark infected waters and as you can tell I'm exasperated with your innocence. Ill leave you be but please at least consider saving what you can, in day or two this will be 0.05p or less

callit they wont do a rights issue it takes too long and costs too much and they don't have a business so only Castle would take up the offer.

Trisor, how can you say "If somebody was just unlucky " he has burned through how many millions? 4, 5 or 6 how f****g unlucky can anyone be?

Trisor as stated just now I worked out months a go NNN was running out of cash. I gave you 3 times lines based on three different burn levels of 150K 200K or 250K If I recall correctly March, June or September is when out of doe day lands. I think I said its most likely 200K a month so BULLS EYE June confirmed by RNS. If I could work it out then so should the BODs and issued a cash crisis warning much much earlier. FFS this is insane conduct by any standards it is as plain as the nose on your face yet still you cant get of the fence and call it as it is.

Syrup please the BODs have known for months they are running out of money and it take days not months to put up a site with a payment portal. They have also known for months Volz is not coming on board.

Months BODs have known the position for three or more months jeez I worked t out based on filings so surely they knew yet only this week they do a cash crisis warning, FFS this is insane conduct

Casle you will need a Samaritan

Trisor, oh dear Trisor honestly you come across as a decent and honest man, as such you should forget about the EGM, even if you get that far these guys are rabid dogs who will chew you up and spit you out.

If you can get 20cents on the dollar today I suggest you take it before its too late.

Callit, the wellness company is an R&D contract with no reported commercial value the only the hope was it may lead to something down the road, as far as I can tell it still has months to run as R&D so is of no relevance to the survival of NNN. The fertiliser company is a meeting and discussion at this stage so also not relevant.

Bridging loan or any other type of commercial loan requires two things, security and a revenue to demonstrate you can pay back. NNN have neither.

How much they need to keep going? the run rate as was circa £200K a month or if they have shut down operations £25-30K. If the latter there this would be material so should have been an RNS leaving me to assume they still need circa £200K a month, yet it is hard to believe anyone would allow this company to still be burning £200K a month.

How much have they left? whatever the burn rate enough for 6 week now.

TRISOR an email address is personal details which are not allowed on this BB.

I guess Duffers saw the content so pulled down all NNN social media to remove as much material as possible and reported your email to LSE.

You still have the mails from those who sent you the numbers and hopefully the few who only reported on LSE you entered in a spreadsheet.

However the only resolution that now works is to suspend the CEO pending an investigation into his fiduciary duties, commercial competence and integratory. If on these points there is evidence to remove then he goes without a payoff.

I know you think this is too extreme but in reality it is now the only option, if you can pull it off.

trisor nice try but probably just as well.

I think we are done here so best of luck to you.