Fulcrum Utility Services... Share Discussion Threads

[sipptrader88] 05/12/2022 21:20

Who knows....... maybe the carrot of possible 0.5p for us P.I.s to participate?? and if we don't then they will be justified in increasing their ownership far beyond 30% x 2.....but the slowly slowly catchy monkey theory says pay 2p to participate now and then get what you can at 0.5p to average down to say e.g. 1p? .....our major shareholders/lenders won't be averaging anywhere near 1p......so this is my strategy?? a punt!

I was invested in FCRM and made a very small profit in Sept selling out in the 7p range.....so it's a pure gamble for me now....but am I prepared to properly invest at 0.5p???? .....that's the big conundrum? Is it just the big design to enrich "them"?? and de-rich moi?

[sipptrader88] 05/12/2022 20:45

but the slowly slowly catchy monkey theory says pay 2p to participate and then get what you can at 0.5p to average down to say 1p? .....our major shareholders/lenders won't be averaging anywhere near 1p......so this is my strategy?? a punt!

[smithie6] 05/12/2022 20:26

well spotted

it does look like a bad deal to pay 2p

[jonnywalker77] 05/12/2022 19:00

What do you think will happen to the share price once £7.2m of debt (close to the current market cap) is converted into shares at 0.5p or lower? Clue: work out how many shares would need to be issued to satisfy that. You are effectively paying 2p today for the obligation to get massively diluted, and the right to partake in the subsequent open offer at 0.5p…

[sipptrader88] 05/12/2022 16:13

at the end of the day our two lenders/shareholder groups etc. have paid a lot more for the 60% of the company they have so far and with the extra now converted at 0.5p and the ability for us to also participate at 0.5p probably...i think it makes sense to take a position today at 2pish.....personally think that if the company has enough funds now, with the previous debt reduced and the new facility converted to equity....then 2023 might prove small profitable or if not then 2024 and the share price will recover pretty well then....
......so I need to have a position to be able to participate on the 0.5p......so bought in today....happy to be corrected if I'm seeing it all wrong......indeed need to be corrected if I have it wrong...lol

DYOR and GLA

[mark0419] 05/12/2022 13:26

This sad individual all it does is troll stocks all weekend and on most week days. Lowest of the low......SO BEWARE GUYS.

[chesty1] 05/12/2022 09:57

I dumped last week at a tidy loss....it was only play money but still didn't want to lose it!

Oh well....this sounds bad folks but good luck to those that stay in.

[terminator101] 05/12/2022 09:45

I love a bit of death spiral finance;-) Popped a short on. Good luck anyone who thinks this pish is going to increase in price anytime soon.

[jonnywalker77] 05/12/2022 09:38

Lol - suggest any remaining holders here work out the share issuance required to convert £7.2m (£6m + 20%)at 0.5p, and the resulting dilution to the free float

[p1nkfish] 05/12/2022 09:10

See post 1561.

[pictureframe] 05/12/2022 08:16

My take on this is a way for them to legally get some of their money back out of their business.£1.2 million in interest.

[cottoner] 05/12/2022 08:15

If converted, the conversion price will be the lower of the volume weighted average market value of the Company's Ordinary Shares in the 5 trading days immediately preceding the date of the conversion notice or 0.5p per Ordinary Share of the Company (the "Conversion Price");

[pictureframe] 05/12/2022 08:06

20% interest!

[chesty1] 01/12/2022 12:16

That's a nice RNS today.

[jl5006] 30/11/2022 19:25

This was supposed to be the dynamic behin Turner EV charging.
Then non clever meters.
Dead in the water!

[nigeldoug1] 30/11/2022 11:17

This has got to be a public 2 private but at what price?

[p1nkfish] 26/11/2022 08:47

Hard to imagine Mills holding such a mess.

[moormoney] 11/11/2022 12:48

Everyone has moved on? Dead quiet here.