Newboy58, psmith64 sound like a voice of reason. There are 2 massive negatives over the horrizon, Brexit&Covid. These AIM's stocks have very little intrinsic value, value is based only on what "maybe" or "could be". These stocks will be the first to be sold by investors when the market collapses again. I do really think you could pick up AFC for single digit pennies later this year.
You would think AFC would take the opportunity to release a PR showing its system in factory testing. With some nice pics, stating a date to be moved onboard the St'Helena. This is really basic marketing. I am beginning to seriously doubt AFC is nothing more than smoke and mirrors.
Acquisition price can be roughly calculated as the average share price over the previous 90 days. You are unlikely to see multiples of todays price as traditional methods of DCF don't apply where a company has zero revenue.
That is worrying if they really reacted in 3 hours. II's are not spending their own money, making a judgement using other peoples money is not hard to do. There has been many many incidents of ii's investment in total garbage companies. PI's should not just follow the masses but make their own judgements based on what evidence is available. Being AFC there is very little success to make that judgement on.
n888, AFC BOD i doubt will consider selling. They are too selfish, they have a gravy train of £31M to enjoy fine lifestyles and salaries. In any case I doubt any of them would be employed by other companies.
So, would it be true to say AFC has had deals, but has a history of not executing on them?. Case in point Southern Oil. Maybe that is why investors are so sceptical about the recent announcements, they have heard it all before!.
I think it is being held back by having Zero commercial reference cases. E-Extreme looks like its some kind of cobbled Lease Deal. The German deal is a sale to a research establishment so is likely not price sensitive.