What The Hell Happened Here ?11 Jun 2024 12:49
~~~ Some of my thoughts ~ ( Many I can`t post on here ! )
* Funding requirement known in February .
* Company advised no way funds could be raised at anything like 1.70.
* To facilitate Company advised an 8m raise required share price of .05 .
* "Arrangement" probably complete in March .
* Company Plus " Others " embark on share destruction to arrange funding prior to EWT .
* Forward selling commences aided by deramping stooges .
* Company news black out further undermines confidence .
* PI`s confused and contribute to forward selling .
* Feeble publicity with host Country attempts to retain Company integrity .
* Clearly , many people DO know what is going on .
* Paid rampers and derampers run amok on the BB`s
* Rumour / counter rumour on social media compounds confusion and accelerates decline .
* As EWT draws close action deadline triggered before sp drops below .1
* Raise is Immediately confirmed as oversubscribed ! !
* Confirmation that a huge deception has been purported .
* Much of the new issue has been forward sold above .1p (unsurprisingly)
* Churn the remaining new stock to optimise profits .
~~~ Ongoing ~
* Now release outstanding news / detailed forward plans .
* Sp rises . Hopefully back above 1.20 perhaps 1.50 post successful EWT .
So :
From the Company perspective a resounding success .
For the placee , traders , shorters , spivs , and those `In the Loop` a resounding success .
For some PI`s able to average down / buy in ; unique opportunity to profit .
BUT ;
For PI`s caught in the maelstrom of deception , probably disastrous .
This is how our financial world operates , little discipline , few rules , zero integrity and NO retribution .
My view is that this sort of activity is nothing short of ; Deception , Corruption and Theft .
But my voice , my opinion , and probably yours , is totally irrelevant .
When you swim with sharks you are likely to get bitten . (Some get killed)
After all this , and previous the shenanigans , I think the Company has suffered reputational damage , as have the Directors and The Nomad . Do they care ~ I doubt it .
Finally a warning :
I believe the prime architect behind this charade to be Sarah Cope .
HER already appalling reputation is now in complete tatters .
Never , ever invest in any Company where that woman is involved ~ never ~ EVER .
VGLA ~ Genuine Investors .