7digital Share Discussion Threads

[zen12] 13/5/2019 15:09

Read properly fella! Need material funding, in talks for significant funding at discount! No significant discount..this you already have with the share price already priced to go bust.

[tomboyb] 13/5/2019 15:09

or simply reorganise the share capital to say 0.01p -

Either way is possible, however is the placing is substantial then it makes sense simply to consolidate -

[tomboyb] 13/5/2019 15:05

They will consolidate -

Can't see any purpose in buying near 0.30p if the placing is "substantial" and at a discount -

[zen12] 13/5/2019 14:43

Loan notes in standstill agreement. Big backers coming in, share price 0.28 near floor. Step by step company rising?

[letmepass] 13/5/2019 14:33

Backer is here with a better idea and much higher than 0.3p. Expect a big bounce up coming

[pwhite73] 13/5/2019 14:30

"The Company is in discussions with regard to a significant injection of equity financing which is likely to be at a discount to the prevailing share price."

No it will not be because they cannot issue any new shares below the nominal value with is 1p. Therefore there will have to be a consolidation of the shares and the new issue price will be higher than the prevailing price in pure money terms.

[letmepass] 13/5/2019 14:21

Bought some records

[chinese investor] 13/5/2019 14:20

What happened to the one million euros we got from Denmark recently ?

[tomboyb] 13/5/2019 14:18

The Company is in discussions with regard to a significant injection of equity financing which is likely to be at a discount to the prevailing share price.

[tomboyb] 13/5/2019 14:18

Placing will be at a discount to current share price -

[chinese investor] 13/5/2019 14:16

Are they trying to tell us something ?

[zen12] 10/5/2019 08:42

It’s just cautious warning in all their recent rns’s. The ‘significant dilution’ if PI’s note is gone from the last RNS. 3rd party interest and 1M recently received + 4M on Juke deal should see this start to recover.

[cloudwars] 09/5/2019 23:39

Simon C - less of an ole and more of an unt!

[michaelmouse] 09/5/2019 18:34

Should be "huge risk of" not "off" btw.

[michaelmouse] 09/5/2019 18:33

FFS that's why 7dig are in trouble. They clearly don't have the funds to pay off the interest on the loan notes otherwise they would have done so:-



"it has received a notice of redemption ("Notice") from a holder in respect of a tranche of the loan notes previously issued to certain investors, due to non-payment of interest."

They're not paying their bills. This is a worry since they've received 5m Euros in recent months (recent sale of assets and settlement with MMS). They are clearly in desperate need of funding and they keep repeating it:-



"As stated in the announcement on 11 April 2019, the Board's view remains that the Company will require material further equity and/or debt funding. It is likely that such funding will be required by the end of June 2019. Without such funding, the Company is unlikely to be able to continue as a going concern."

Huge risk off total wipeout without knowing if any eventual reward could materialise.

[smithie6] 09/5/2019 17:11

cld the co. not just pay the interest on loan notes

& then they are not due for repayment till end of 2019

[ashtree2] 09/5/2019 13:28

Too much to prove but hopefully will survive.

[officiallyrob] 09/5/2019 13:26

nttg3 - that article is 5 months old. I had optimism 5 months ago but A LOT has changed since then. Digital streaming may be about to take off but there is no guarantee 7Digital will be around to capitalise.

[newtothisgame3] 09/5/2019 12:47

worth a read 7digital (7DIG) – Streaming set to take off (Part 1)

[smithie6] 09/5/2019 12:41

"John Aalbers...we dont know what difference if any he can make"

not true

last week's RNS showed him pulling in 1M£ in cash (with a balance expected later)

&
reducing on going losses by 1.6M

So, he is clearly showing he can make a difference. He has already reported solid positive actions. One assumes there are more things in progress not yet concluded (some mentioned in RNS)

While I agree that he is firefighting & trying to fix the on going survival of the co.
based on his rapid action so far I think he has a fair chance. If he manages it then one assumes the share price later wld be higher due to lower risk. the old risk/reward chestnut

with the 2 new execs there is imo a chance...with SC there was no chance.

see what happens

[zen12] 08/5/2019 13:34

Why do you say that?

[newtothisgame3] 08/5/2019 13:26

Your going 2 a very nice surprise and soon

[ochs] 08/5/2019 13:16

Hello newtothisgame3, I think 7DIG may need to update that link - although quite funny based on recent events... quote from ex Dep CEO Pete Downton "We have a diverse, talented team and interesting problems requiring creative solutions." You bet, 'interesting problems' - is that what they call nearly going bust these days!

[zen12] 08/5/2019 11:33

Wish things happens on gut feelings, we would all be millionaires lol