Monchhichi Share Discussion Threads

[johndee] 18/10/2016 09:34

Still a small market cap. Long way to rise yet.

[johndee] 18/10/2016 09:32

LOL. Has nothing in common with New World Oil, nothing at all. What an idiot you are.

[njw2] 18/10/2016 08:06

This is like a massive ponzi. This will end in tears. It reminds me of the New world oil and gas debacle in some ways and unfortunately anyone buying up here is going to get hurt bad. IMHO.

[phil1969] 18/10/2016 07:46

There's going to be a scramble for stock this morning. MMs caught short after last night news. Positive news on acquisition from MCC then a major shareholder calling a GM for the purposes of proposing certain Board changes and implementing a strategy to deliver enhanced shareholder value.

[stallone10] 17/10/2016 22:01

This is going to tank tomorrow this was not the kind of deal people thought was taking place

[johndee] 17/10/2016 20:16

Will be closer to 15 pence if they do as more buying to come over the next 8 working days.

[phil1969] 17/10/2016 20:00

Don't be a tool, Tool. No dilution currently possible.

THEY CAN'T ISSUE ANY MORE SHARES UNLESS A RESOLUTION IS PASSED AT A GM

A GM hastily called on 7th Oct and a resolution proposed to enable BoD to "seek new authorities from shareholders to allot shares for general purposes and on a non pre-emptive basis." when the share price doubled and MCC can't benefit from rise due to not being able to issue equity.
MM's caught short of stock following huge buying from 4th Oct. Normally in this situation they can be bailed out by the AIM Plc issuing stock to MM's/Brokers with the typical behind the scenes placing often seen when an share price suddenly rises.

CALVET have called a GM, one of their proposal will be to block the ability for current BoD to print shares unless it works for existing shareholders as they hold 10%+

Using historical trade data since 4th Oct, and correctly placing late reported trades and trades placed in the unknown column into the correct buy or sell column I've worked out there have been 19.7m shares purchased and 10.4m shares sold.

So 9.3m shares have been purchased which currently don't exist.

With the RNS's released tonight and MM's potentially short of 50% of the free float, tomorrow could an explosive day.

[cottoner] 17/10/2016 19:45

Don't think you've seen the second RNS.



I don't hold btw.

[toolsmoker] 17/10/2016 19:33

Major dilution coming guys will be 8p in the morning .more money needed

[phil1969] 17/10/2016 18:17

Major new investment RNS10%+ city shareholder calling EGM RNS MM's possibly caught short. MCC can't currently issue new shares to let MMs off the hook without shareholder approval at end of month. Perfect storm!!!

[njw2] 17/10/2016 17:07

Time for the placing Boys, sub 5 p here we come.

[miahkaysor] 17/10/2016 15:57

20p tomorrow! just got in!!!

[miahkaysor] 17/10/2016 15:54

20p tomorrow!!!!

[johndee] 17/10/2016 12:55

Toolsmoker lost big time on this one. Got to feel sorry for him, he sold this at a loss and bought wrong shares instead. I told him to hold here for more increases. He was deramping big time. What a prize moron.

[hope67] 14/10/2016 20:46

This company looks like it is getting take over to me.

[johndee] 11/10/2016 09:09

Yes, 8 plus again, close to the new bottom.

[njw2] 11/10/2016 08:18

Buying has petered out. Expect market makers to take this down today. Back to 3.5 p or lower if the buyers don't come back in. Could be exacerbated with retail punters who got suckered in above 7 P getting stopped out as well.

[johndee] 11/10/2016 08:04

I was happy with 8 pence plus.

[toolsmoker] 10/10/2016 10:03

Placing 3p coming