Member Info for win4call

Can’t believe I’m saying this but …. To give Fooler due credit, it is coming up to 2 years since the last fundraise which is practically a lifetime when compared with the frequency of them in the years before that.

The trouble is reduced funds means reduced activity, which is probably why it’s been so quiet over the last year or more.

Hope I’m wrong but I have a small suspicion that there may be more to this delay than we’re being told. There were initial delays followed by a detailed forensic investigation. This finished and reported months ago and yet we’re told that we still await auditors to finish. We get little to no information other than kicking the timeline back with vague statements.

I have fingers crossed that this will be a straightforward resumption with nothing nastier than that which we already know but also wouldn’t now be overly surprised if there was something further comes out that we’ve not been told about already.

Also, trying to tempt fate by posting this now in the hope we’ll get an RNS at 7am making this post look stupid , lol.

Down 35% yesterday - not sure why ?

I can’t see the results being pushed back in to June. They can’t be that had to get completed and we all know they are going to be dire. The only question is whether they come alongside a fund raise or whether there’ll be some heavy caveats around the future outlook.

Guessing you’re not a fan ?

Well said Misty. As an ex-holder on here I want those moments of schadenfraude.

Auditors are coming under a lot more scrutiny nowadays and there have been a number of high profile company failures over the last few years where their role has been brought in to question. There have also been some serious fines handed out by the regulator to auditors involved.

On that basis BDO are not going to be anything other than thorough and diligent ensuring their work will fully stand up to scrutiny. It is of no consequence to them that holders are frustrated or worried about their funds being tied up - this is their professional reputation at stake.

I also notice BDO’s name in a few other high profile stories including Revolut where there are questions around the accounts whilst they’re pushing for a banking license.

I’d rather they get this properly done and the company comes out of suspension with proper backing from the auditors. Remove all doubts about the finances and the SP will have a better chance of recovering , assuming the company is performing as we all hope.

Or he can keep acquiring shares on the cheap , like the SoftBank ones at 39p and then get enough to take private again along with II backers.

‘apollo bid was based upon smart financial engineering, capitalising on a wildly low share price from thg being on the lse’

MM made it clear about his dissatisfaction with being on the London market. At the same time it would appear that no PE company are going to be able to put together a deal and structure.

On the quote above MM talks about wildly low share price from being on LSE. So which is it to be, get the SP to somewhere more realistic or get off the LSE.

I also noted he’s been accumulating shares and clearly wasn’t too unhappy with the low SP when snapping up the SoftBank shares for 39p.

I think MM is too narcissistic to back down on anyone’s terms other than his. He’ll see the SP hit and go off on one again about the city rather than do a less than perfect deal with private equity.

Unhooked - not sure about that. This will get hit hard if the deal falls through.

City will love sticking the boot in to MM again and it will be a long road back.

‘Is not a problem always placing available no need hard work Easy life for them‘

Who’s going to take a placing in this PoS anymore ? They have no carrots to dangle, too many PI’s burnt out by too many previous placings. If they are going to get any funding it would have to be via death spiral provider and I doubt even they’d go near this now. No liquidity left to shift any volume with only a handful of trades a day.

Times up Fooler and he knows it,

Given this often gets lumped in with ASOS and BOO, to be down only a fraction compared to their losses today makes this feel like a result.

That’s a key point Rock - MM really needs this deal to go ahead.

He’s made no secret of his contempt for the city and the city seems to feel likewise. If a deal can’t be struck this will get hit badly. As much as people suggest that this can succeed without a takeover the SP will carry that penalty of city ire for quite some time.

Jenn- harsh, but most likely true.

Bo - were you not tempted to sell last week given your frustrations here.

Having seen this rise to over a dollar , gain NASDAQ compliance and then fall back to the .5s last year, for me it was too risky seeing it do it all over again. After a 100% rise in just a couple of weeks I sold out with a hefty loss just under $1.20, as it seemed all too likely that the rise was ‘manufactured’ in order to get back in line with listing rules.

I would have thought you might be tempted to do the same rather than suffer the pain of it dropping back again. For holders sake I hope this doesn’t drift all the way back to the .6 / .5 levels again and be back in the same position all over again.

Pretty sure you’re right and these were originally this month. So busy it’s taking longer than normal.

Notice of results and investor presentation for mid May but no trading update or further information.

Has Fooler ducked updating before results are announced ? Not a good look.

Could be a smart move. Day 10 is tomorrow by my reckoning so there’s got to be a risk that this could drop back below the dollar mark again shortly after.

MM is the joker in the pack here, when it comes to takeover and price. I can’t see this trading its way to back over £1 very quickly so a takeover of some sort is best way to bring an end to an unhappy listing. If MM can retain control and a stake in any PE arrangement and then re float in the US then I think UK takeover price wouldn’t matter to him.