Dukemount Capital Share Discussion Threads

[zen12] 07/3/2024 12:10

Agree, this is why surely they have an RTO lined up otherwise it makes no sense.

[encarter] 07/3/2024 12:06

The lenders did get 225 grands worth of stock which is now only worth 90 grand and falling.

[zen12] 07/3/2024 12:04

That would be conflict of interest and would have to declare this, so highly unlikely. Today's RNS is better and clear, PG really confused the market but you can see new investor average is around 0.05p mark, which is some deal for them!

[pwhite73] 07/3/2024 11:54

Just a thought but could it be that PG was part of lenders group and this was his lifeboat out before the wreck of DKE is washed ashore?

[zen12] 07/3/2024 11:37

Error in last post, should say '225k shares issued at 0.1p (£225k)'

[zen12] 07/3/2024 11:32

Clarification / Completion RNS Out as expected, but it appears 225k issued at 0.1p (£150k), remaining 675k 0.022 (£150k). All debts cleared and settled. That's how I read it..The Lenders were transferred 225,000,000 Capitalisation Shares at £0.001 per share representing £225,000 by Paul Gazzard in accordance with the Settlement Deed.Paul Gazzard sold the balance of 675,000,000 Capitalisation Shares to new investors for £150,000 at a price of £0.00022 per Capitalisation Share. The £150,000 cash will be used to satisfy the cash element due to the Lenders under the Settlement Deed.There are now no outstanding debts due under the Facility Agreement.

[zen12] 06/3/2024 10:12

Think we have clarification via the RNS, just that it wasn't clear enough and left open to interpretation. So yes risky but could be very rewarding if as we suspect the investor is in for the RTO (highly likely).

[troutisout] 06/3/2024 10:06

Zen?
They paid £150k for 900m shares, they can flip enough to get their initial outlay back
within a couple of weeks, as they bought/received (the lender) the stock at the equivalent of 0.0166p.

[pwhite73] 06/3/2024 10:04

Furthermore if the new investors were able to flip all their stock above 0.022p then PIs would end up owning 100% of the stock. PIs would not vote for a total wipeout on any RTO offer.

Whatever happens this stock will be suspended for the RTO or suspended pending clarification of the company's financial position. For these reasons it's too risky. If you believe in the RTO then be prepared to have your money tied up for months.

[zen12] 06/3/2024 09:53

Yep the new investor surely is in for the long term and RTO, otherwise why bother with this when he won't be able to sell out if they were intending to flip the stock.

[encarter] 06/3/2024 09:49

Could be either. It's likely that any funds raised will be at the same price as they got their stock though.

[pwhite73] 06/3/2024 09:37

Alternatively what they could be doing is just sitting on their stock and drip feeding them as and when PIs buy until they're all gone. This is when the stock is suspended pending clarification of the company's financial position.

[troutisout] 06/3/2024 09:32

No other Holdings RNSs as yet???

[pwhite73] 06/3/2024 09:18

encarter - Possible but be prepared to have the stock suspended for an RTO or outright cancellation.

You see the problem for those who took the 900 million is that DKE is an illiquid stock so they cannot dispose of their shares without losing money themselves. If they continue to sell the price will drop below 0.022 and then below 0.016p. Only 62 million out of the 900 million has been sold so far.

It does seem to me the new investors are forced to stay in here for the long haul. They may also be the people behind the RTO if one ever occurs.

[encarter] 06/3/2024 09:11

Might be worth a punt if it drops below 0.02p

[tomboyb] 05/3/2024 20:03

Bit weird the conversation trajectory -

[encarter] 05/3/2024 20:03

The RNS is clear, it's the content that's dodgy.

[mibo1] 05/3/2024 19:19

rubbish comparison

Subject to completion of the Proposed Acquisition, Mustang is seeking to rely upon the transitional provisions made by the changes to the Listing Rules by the FCA (effective as of 3 December 2021), and is not required to have a minimum market capitalisation of £30 million.

[troutisout] 05/3/2024 19:15

'Cross ramping', what a share that is suspended and has been since April 2021?

It was used as an example of the value of a main market listed co. as an RTO target.

[mibo1] 05/3/2024 19:03

Trouty boy is cross ramping over on lse now. Utter loser

[pwhite73] 05/3/2024 18:47

I know exactly who your post was directed at and it wasn't me. My comment still stands.

[troutisout] 05/3/2024 17:55

You seem to have misread who my post was directed at...
As for the RNS I am pretty sure I know what they were doing and also what they were trying to do to fudge it, hence my email to the NOMAD and they way it was worded, rather than tell them they are being dodgy with their information, as that will get nowhere.

[pwhite73] 05/3/2024 16:57

No need for that type of language. You've now seen the inaccuracies in the RNS that I was expressing. I in turn can see why the share price would collapse another 50% if what you were saying actually occurred.