Itsarm Share Discussion Threads

[blackhorse23] 24/3/2023 15:04

Bought HARL which is excellent value when 3.6 billion contracts in pipeline

[firestorm911] 24/3/2023 14:55

Not today, I am afraid; the counterparty who short-sell at 1.7p-1.8p is still dumping shares on bid.

The last five trades are from the same counterparty, they tend to sell lower than bid, to crash the bid price.

If there's no cash, unless hoping for a dead cat bounce.

They will keep ticking down. The volume is too high.

[tomboyb] 24/3/2023 14:40

Worth a trade below 0.60p -

Not sure where it will go from there as cash looks like virtually nothing -

[jameshendrix2023] 24/3/2023 13:08

Trp about to blow up soon

[genierub] 24/3/2023 12:59

Move your money to TRP. Thank me by close.

[tomboyb] 24/3/2023 12:49

Well I'm not surprised that not even £500k will be left -

There will be costs generated and I'm sure they will be pretty generous as well -

[firestorm911] 24/3/2023 12:26

Somebody could buy the cash-shell now; I suspect it's worth more than 300K

[firestorm911] 24/3/2023 12:23

iamthemagnificent 15 Mar '23 - 14:13 - 829
0.202000
good shs
kimchi1 15 Mar '23 - 14:15 - 832
0.201000
Zen12 welcome buddy

nice1

indeed, up 4% already today

[tomboyb] 24/3/2023 12:22

Unfortunately cash is king in this environment -

£1,2mill turns to what? -

[babbler] 24/3/2023 12:19

There is no cash. It's now needed to keep the listing going.

[tomboyb] 24/3/2023 12:18

Maybe an entrepreneur will take a stake -

Who knows -

You won't get much cash though -

That is already said -

[firestorm911] 24/3/2023 12:16

The following table shows the total number of votes cast on each Resolution.

I do not think the votes tally up. Many bought multiple times the shares in issue.

Who possibly could vote for yes?

I did tell you guys not everyone buying has the intentions of voting nowt




RESOLUTION VOTES FOR VOTES AGAINST VOTES TOTAL WITHHELD
Number % Number % Number % of Number
of votes of votes of votes ISC of votes
------------------- ----------- ------- ----------- ------- ----------- ------- ----------
To approve
the Sale
for the
purposes
of Rule
15 of the
AIM Rules
and section
190 of the
Act 19,291,746 58.92% 13,451,543 41.08% 32,743,289 62.37% 67,478
------------------- ----------- ------- ----------- ------- ----------- ------- ----------
To approve
the Cancellation 19,286,189 58.90% 13,456,843 41.10% 32,743,032 62.37% 67,735

[tomboyb] 24/3/2023 12:15

Cash dwindles quickly -

turns into a BIH -

[firestorm911] 24/3/2023 12:12

Can buy at 0.72p, the counterparty wants to drag the price down.

[firestorm911] 24/3/2023 12:10

Mcap is higher than the cash-admin.

Now I think EGM to kick the management out.

Commiseration for people hoping to vote now.

I did people buying had no intention of voting NO, it's their affiliates.


Regards,
F911
RMC

[tomboyb] 24/3/2023 12:04

Not good but could be a trade to 1p+ -

Problem is who would go higher? -

[tomboyb] 24/3/2023 12:03

Well, has the company really been sold for £1.2million -

its a fraction of a fraction that shareholders look to be getting -

Needless to say expenses will come up trump -

[firestorm911] 24/3/2023 12:01

Buy or not to buy?

Shall I wait?


Regards,
F911
RMC

[tomboyb] 24/3/2023 11:59

However, while these net proceeds are expected to be approximately £500,000, the Company will need to deduct the additional costs and expenses associated with the MVL, as well as the general administrative costs of now having to remain an AIM-quoted company, before the distribution of any residual value can be made to Shareholders.

Sell the company for £1.2mill -

Get £500k back but wait... there are still more costs to be had -