Member Info for unitedguy

Hi Ex, you'd have to imagine NNN strategy is cut overheads to make cash last and wait for VAT rebate then hope R&D Tax credit is approved.

Most businesses have final VAT Q in sync with year end so first Q rebate should be in the bank this Friday or maybe Tuesday, if signed off as "expected".

Reducing costs and VAT rebate aside could they really be keeping the doors opens for the R&D tax credit?

Sinden, only warrants that spring to mid are Oval X at 0.5p strike price and 2 Volz directors with a strike price of 1p.

Why would they exercise them when if in the highly unlikely event they wanted shares in NNN they can buy at 0.07p so no not before hell freezes over.

Twist or bust?

Josepi, BODs need to update market on material information. If Volz had converted they would have updated the market and the AP would have gone up, if the deal is dead they really should IMO also have updated the market although this would have driven SP down.

Ronta point 1 to 5 are as things stand all past tense.

deckchair nothing wrong with that strategy ideally both sales and acquisition growth. The sales failings are well documented but the scary thing is NNN PLC was great vehicle to do acquisitions with, it had
1. cash in the bank
2. ability to raise more if needed
3. high market cap relative to value
4. huge and trusting private shareholder base
5 Liquid stock.

Its hard to imagine companies seeking investment or with shareholders looking for partial exit could find a better vehicle, it can only mean Duffers and or Caveboy are impossible to deal with.

ExMS, potential lines of funding are not possible once you bring in an administrator, the administrator can sell any assets or the whole company with the proceeds first going to clear debtors and administrators/liquidators costs then if anything left distribute to the shareholders on a pro rata basis, but there are no assets apart from dwindling cash.

IMO NNN are way past the point where they should still be going. The BODs as a group have a fiduciary duty to shareholders and to ensure the company is solvent to protect creditors.

NNN doesn't trade so solvency is ok until there is not enough money to pay rent, wages and PAYE etc so that point must be close if not yet past but a directors fiduciary duty means they have to act in the best interests of shareholders not the directors themselves.

If there is no evidence to support the numerous claims in RNSs while burning through the millions in the bank then IMO that is a breach of directors fiduciary duty to shareholders who can bring a claim against each director, on a joint and several basis.

Tony, cash as at 31st December 2021 was £3.8m and £1.8M in bank at 30th June 2022 so where did £2M go in 6 months to 30th June 2022? SIX months £2M nothing to show for it, nothing.

At June 30th 1.8M left in bank plus at least 300K from Lanstead by now and 400K from Oval X so where has £2.5M gone in the last 11 months.

Total £4.5M gone in 18 months, its totally insane.

RR top post of the last 12 months.

IMO NNN tops SNP though, NNN lost £4.5M in 18 months. At least the SNP have a camper van.

Josepi, I just said Caveboy missed many boats including TBs share dumping boat, which was only good for TB and PR.

But to your point would RMS shareholders have been better off with TB than Legge followed by Duffers. It is clear TB wins hands down. TB raised 90plus% of the money Legge and Duffers burned to no avail, TB had warrants lined up generating millions more and whilst Braveheart looks like a shell now dont forget those shareholders had dividends. Compared to Legge and Duffers TB is looking pretty good.

Cave missed the mask boat, he missed the boat with TB and PR on board dumping their shares, his missed the missed the Filtech boat already abandoned by Volz.

There will be no more funding for NNN in its current guise, I dont know why they are carrying on only thing which makes a little sense is some kind of RTO, probably just another AIM basket case though.

Last chance saloon to get out LTHs.

There will be no funding for NNN is its current guise.

Takethisadvice, I am not defending NNN!!!!!

Takethisadvice, the FCA will do sweet F all unless pushed by a concerted campaign ideally driven by lawyers. You really need to email trisor.

Bouchos well done on the air fryer, really useful kit and as you say better than nowt, sorry you lost out on NNN .

I looked at the crossed ramp GRIT which is looking for a RTO, in fairness only one director is taking a salary now at that 10K per annum, so at least they are conserving whatever cash they have left.

Ex apart from the free ones Lanstead get 20 NNN for a penny

Tuan 2M followed by another 3M probably from Lanstead but could also be PIs who had a punt after April 6th RNS now getting cold feet.

They might be it at 0.08 but they know taking a small loss now is always better that hanging on for a miracle.

Trisor the question is not if they buy its answering they are not selling, they simply cant. After TB and PR Cave never could sell he'd have destroyed the share price, he has been more stuck here unable to sell than any PI

PW only proof you have is yourself and one poster on here also in telegraph nanosnyth group who say you talk **** there too. Feckless BS

A loss is a loss irrespective of other trades good or bad you've had elsewhere, you would have had those anyway so any money lost on NNN is a loss, never recouped elsewhere.

Consider yourself lucky if your claimed at average value is 0.22 in NNN because almost everyone (bar Lanstead) are in much higher.

CP13 Lanstead only hold what they have not yet paid for.