Gfinity Share Discussion Threads

[purchaseatthetop] 14/2/2023 14:29

Dave4545. But you have to love the VAST “bag of diamonds” caper. Suddenly it seems that untold riches have remained hidden in an African bank and will magically endow new shareholders with huge riches. Yes. Quite.

[markstevenkirby80] 14/2/2023 13:19

And bids it go on and on

[useless23] 14/2/2023 12:07

Another Justin special. So is POLX. Lol.

[goforgold1] 14/2/2023 11:42

Wow people are actually buying this Insolvent company . We're is Justin lol .

[dave4545] 14/2/2023 10:29

no 1 rule of AIM

Over 90% will fail but the business's are set up so management can pay themselves fancy salaries as long as they can keep placing new stock.

But 99% of them will have spectacular spikes at some stage so the trick is to be in them at the right time but do not fall in love.

You look at stuff like Vast and Kefi, they should have been finished 10 years ago but the hype keeps coming and so does the placings to pay the salaries.

I cannot believe PREM with George in charge is now worth £150 million as well...

[fitnessman] 14/2/2023 09:34

Gfinity showed promise and i had planned to hold on for the long term with this, averaging as i do.Looking deeper into the company though, it seems the athlos software hasnt gained much traction, their arena has or is closing down, the main websites and blogs are weak and over saturated with google ads (spamming is a bad sign!), they could be much better. They have a decent social following which its what the business is formed around, but its still small numbers compared to major influencers. Does anyone have any solid positives they can share, maybe iv missed something?!I still think gfinity are uniqely positioned in the UK market, i just cant see at the moment how they plan to grow or improve their offerings in any substantial way!

[jonny_wright] 14/2/2023 09:33

I realised a while ago that AIM is pretty much uninvestable - it's hard to make any money over the long term as stuff like this happens far too often

[kemche] 14/2/2023 09:24

I will continue to average down no matter what. And at OSI.

GLA LTHers!

[dave4545] 14/2/2023 09:05

Dangerous with mm's at 75000 and 100,000 people buying 1-5 mil blocks can be hard to sell when they are flush with placing stock too.

People looking for a fast buck here it's not going to happen with the way the warrants are fixed, seen this before if you give people a free bet they will all sell their shares and keep the warrants sending the price even lower so probably for now back off and see if you can get maybe 0.1-0.12p

[goforgold1] 14/2/2023 08:59

Is this what you call getting blood out of a stone Scandal but allowed . Just get shorted to nothing now 100% .

[volsung] 14/2/2023 08:35

I used to love her

[parsons4] 14/2/2023 08:21

Yes rebasing the existing warrants is outrageous !!'

[hatfullofsky] 14/2/2023 08:13

Jungmana13 Feb '23 - 22:06 - 2321 of 2325

Totally agree, feathering ones nest. Appalling that that rebase the existing warrants.

[jungmana] 14/2/2023 07:56

Edit *fully diluted

[jungmana] 14/2/2023 07:55

Fully dured will be 4+ billion shares . Currently 1.3 billion in issue, 1.3 billion in New fundraise at 0.15p, 1.3 billion of warrants at 0.225p and roughly 250m warrants at 0.15p.Incredible!

[jungmana] 13/2/2023 22:06

The audacity of these folks;Existing WarrantsDuring the 2022 placing and subscription, the Company issued one warrant to each placee and subscriber that subscribed for one Ordinary Share at the Issue Price of 1.25 pence per Ordinary Share. The Existing Warrants were only exercisable for 12 months from the date of issuance, such date being on or around 04 April 2023.The Directors recognise that the Existing Warrants are unlikely to be exercised based on the Issue Price of the Existing Warrants and the current share price. The Directors therefore believe it is appropriate to reduce the Issue Price of the Existing Warrants to 0.15p, being the Issue Price, for the remaining period of time during which the Existing Warrants can be exercised.The following Directors are holders of Existing Warrants by virtue of subscribing in the 2022 placing and subscription:No. of Existing Warrants Director held Len Rinaldi 2,000,000 Hugo Drayton 1,600,000 Jonathan Hall 2,000,000

[aidenabettin] 13/2/2023 19:16

Hands up.I got it wrong.Apologies

[kemche] 13/2/2023 19:10

Expect a whoosh tomorrow.

OSI next.

Gla lthers!!

[jungmana] 13/2/2023 19:08

Will only punt here if I can get near the placing price. And how long will this money last?They had 2.1 million last June and that's down to 400k in 7 months

[tomboyb] 13/2/2023 19:07

Good for new holders -

Sell the equity and keep the warrants -

[jungmana] 13/2/2023 19:05

No, is 50% above issue price for warrants :In addition, for every New Ordinary Share issued, subscribers in the Fundraising will be issued with one warrant to subscribe for one further new Ordinary Share at a premium of 50 per cent. to the Issue Price (the "New Warrants"). The Fundraising proceeds will be used for working capital purposes.

[aidenabettin] 13/2/2023 19:02

0.15p for issue.0.075p for warrants(50% of issue price)