Member Info for woodfromthetrees

of course it matters. As soon as the vote allows the CLN to convert at 0.05p then the loan note holders will be selling £4m of stock which is on 200% profit likely smashing this price back down to 0.05p as is always the case.

"As a result of the Proposed Acquisition not proceeding, the Company requires further financing in the short-term for investment in its existing business and working capital purposes. The Company has therefore issued convertible unsecured loan notes (the "CULs") to raise a total of £1.25 million, via the Company's Broker, Peterhouse Capital Limited. The CULs are convertible into ordinary shares in the Company at a conversion price of 0.05 pence each, at the election of the Company. The CULs have a maturity date of 19 January 2023 and will not accrue any interest.



In addition, the Company will issue 2,500,000,000 warrants to subscribe for Ordinary Shares in the Company at a price of 0.1 pence per warrant (the "Placing Warrants"). The Placing Warrants will be granted to the holders of the CULs on a pro rata basis and may be exercised until 19 January 2022.



The Company does not have sufficient share authorities to enable the full conversion of the CULs or for the Placing Warrants to be exercised in full. The Company intends to convene a general meeting in due course with the purpose of, inter alia, putting in place the requisite share authorities to cover the conversion of the CULs and the exercise Placing Warrants in full. Under the terms of the CULs, should the Company obtain the requisite share authorities at a general meeting of the Company, the holders of the CULs will be required to effect immediate conversion of the CULs to ordinary shares in the Company."

All there in black and white....

coming in at 0.05p as soon as EGM votes it through... £1.25m at 0.05p = £3.75m at this price all on over 200% profit. PLUS they have 0.1p warrants which are on 60% profit too which is another £3m overhang.

Fully diluted at the current price this would be £10m cap

Utter madness whoever is buying in now.. if for a trade make sure you get the hell out beofore the EGM

https://www.**********.co.uk/articles/alan-green-talks-about-3-micro-caps-e395e7f/

thought it was 22nd

looks like the next UFO type mover... when UFO was valued £3m mcap/0.1p was the time to buy here.
Make the big money you need to find these at the bottom

anyone know where saint-tropez is? on holiday perhaps ;)
Reality never as good as the hype.. ST knew this of course, as seethrough as an open window

Looks like a good deal hopefully management can get it across the line.. large shareholder clearly providing some resistance perhaps they wanted another asset.

Upside from here, not sure...lets give 3p. Still as I warned those piling in 3.3p+ it isnt a nailed on 10p+ here we are significantly lower than that still post deal announcement (which is still yet to conclude)

You were calling 10p non stop when this was 3p+ and I said it would come back due to more delays, it did. Thats pretty much the chain of events. BOD delivery to date is non existent so thats what you have to base the viewpoint from thus far.

Not been holding this share since the Tungsten times. I thought they may be turning a corner but clearly not when the delays started.You cant suddenly treat a failed BOD as an outfit that will land a 10bag sort of deal.Track history is everything.

1.2p-1.5p is probably a sensible area to buy this company if you want a position. 3p+ is most certainly not.. those are the facts based on the NAV and managements delivery to date. You are using tactics to pump this share as high as you can which will sting gullible people who think this is nailed on 10p+ like you have been stating. Every single gullible mug punter would be a millionaire right now if the yarn you keep spinning them were to actually true.

As ive said ALL along, let the deal land and then decide how much its worth before giving wild 10p calls. Be a responsible poster and lay out the downside as well as the upside. If you put out some balanced posts here I wouldnt mind.. now theres a thought :)

didnt I tropez ;) further delays as I said and SP has pretty much halved

fact is the total votin turn out in an EGM is typically way less than 50%... most shareholders rarely muster the ability to get their broker to lodge a vote for them. With that in mind there is indeed a real risk here unless shareholders actively get off their ass and vote. In EGMs normally always the largest shareholders have the say for this reason... especially here as the board hold next to no shares.

this delists then you lose your money effectively...

Amazed at the risk takers in here, better off down the Casino. Anyway, you have been warned.

" Failure to achieve this vote level would mean that Ormonde's shares currently held through CREST would need to be rematerialised into paper certificates, and, most critically, Ormonde would be at risk of losing its trading facilities on the Euronext Growth and AIM markets."

That aint good folks. Risk here is totally binary

I dont short this stock as I said previously, its just stung me in the past with management failing on the tungsten project which came totally out of the blue despite their positive tones in previous RNSs.

I made a lot of money shorting airlines when covid came along, I normally dont bother shorting AIM stocks you cant get the borrow most of the time.

Delays 3 times in a row is never good in my book. It means there is something behind the scenes which is causing a road block in negotiations. BTC could be correct in that there is a disagreement between the BOD and the major shareholder as the interests of these two parties are not the same. BOD largely hold no shares so a deal they do will be to prolong their salaries without much care for share price appreciation. This means they could be looking to attaching further dilution to any deal (IMO very likely through a placing), or perhaps the vendor of the asset they are looking to do a deal with is wanting a lot of discounted shares in ORM. The major shareholder in ORM may be not happy with something they are trying to structure as it may be diluting down any upside.

This is all speculation but its best to be realistic in these instances and not just say its going to 10p because I said so over and over which is what that suncream brand has been spouting.

These deals are always complicated and very often fall through due to each party wanting to protect their own interest.

If the shareprice hit 3p for a day based on ramping then I wouldnt say this is the market has spoken. its just a false market for a day... a shareprice can remain at unsustained levels and then fall back which is what is happening here.
Accumulate here 1p-1.3p seems sensible if you think something will actually come. Paying 2-3p to me is lunacy without knowing more details.Look at the chart!

absolutely BTCbuyer. If it was a genuine company then they would let the delivery of a deal do the talking and not use over the top language in their RNS on a possible deal when they have failed on their deadlines 3 times now. Are they trying to pumpt the shareprice to get a placing away I wonder... maybe they dont have enough cash for the deal they want to do.

As you say its a coin flip here, id rather my odds down the casino

bitcoinbuyer nice to know someone else on here speaks the truth. There is something fishy going on with these constant delays

£3m to do a deal with, a management team that has only delivered failure upon failure in the past. Currently valued way over its NAV (over double!) on pure speculation and people are getting burnt over and over.

Facts are as ive warned all along, this management team have a track record of serial under delivery time and time again.

Buy when they have put the deal on the table IF its a good one not when its risen 200% in a few days based on a few people pumping it... a deal likely will never come

I think if you check you cant actually short this stock. Market cap too small to get any borrow from my broker at IG. Nice try, yet another pluck some BS out of thin air remark to suit your own agenda... seems to be what you are famous for.

No guarantee that any deal will be announced, its been delayed twice already so likely more delays especially with covid.
Id much rather see what the company are proposing before posting wild valuation targets as im sure others would.
Any sherbert can pluck a stupid 10x valuation out of thin air and say its heading there (without reasoning) over and over and over to drown out any actual sensible balanced opinion.

Fact is this, company have to now pull off something pretty special to justify a £13m Market cap from £3 to 4m of cash. They could well pull it off. *Equally* they may not, and most likely not by Thursday.

Delivery is everything on AIM and here delivery has been a big fat 0 to date for long suffering shareholders