Mustang Energy Share Discussion Threads

[aimbagger] 14/11/2020 10:48

Due to such low volumes since IPO its possibly just loose stock from the brokers that they're moving on. I can't imagine there is much left to shift, hopefully makes a move next week.

[apfindley] 14/11/2020 09:54

With such a limited amount of shares left unaccounted for, who is actually selling to allow buyers in, without increasing the price? There's been over 2 million traded in the last 3 sessions (near 25% of issued shares).

[aimbagger] 13/11/2020 14:49

My thoughts exactly Yas, I've been researching the company for the past couple of weeks and bought in earlier this week abs set up the thread. Fantastically clean shell/SPAC

[yasx] 13/11/2020 14:17

Have taken a small punt here recently - await a deal, which, if it were to emerge, would send this vertical.

[aimbagger] 13/11/2020 13:43

Loose stock drying up!

[apfindley] 12/11/2020 17:47

An insignificantly small looking quantity of shares traded today, however its still over 4% of issued shares. A bit of interest and there could a huge movement here as not many shares in free float to churn.

[aimbagger] 12/11/2020 15:43

The award to Shell of the Moment had to go to #MUST a company likely to be steered into the direction of #fintech. The market cap remains below £1m, with the £400,000 in cash @ZaksTradersCafe directors are said to be doing without remuneration until a deal is done.https://twitter.com/share_talk/status/1326911000247984132?s=21

[apfindley] 12/11/2020 13:00

Agreed. Plus they were wanting a deal by the end of December (although probably into the new year now). And due to oil prices they're considering resources , and more likely now will be Fintech due to the additional director who carries with her a proven history of billions of dollars of deals in the far East.

[aimbagger] 12/11/2020 12:50

Only 8.4M in issue as well, there's a line of stock to clear at the moment by the looks of it but once bought up the MM's will just shut up shop with none to play with. In the recent interims the company said it was targeting an acquisition with the value of £2-50M so a potential 50 bagger on the right deal! Having directors aligned with shareholders and a supportive cornerstone investor it should be extremely fruitful no matter what. £1M Mcap for such a clean SPAC seems cheap to me. Especially as they have £400k in cash, £2-3M+ prior to a deal would seem a much fairer valuation bearing in mind the main market listing alone is worth £1M+.

[apfindley] 12/11/2020 12:22

Shares accounted for... over 67% hereSo not much free float at all.Dean L Gallegos 1,630,000 19.4% The Australian Special Opportunity Fund, LP 1,000,000 11.9% Optiva Securities Investments 645,000 7.7%Matthew Lumb 500,000 5.9% Curtis Burton 500,000 5.9% William Richards 500,000 5.9% Jonas & Catherine Chow 300,000 3.6%Helen Mary Leighton 300,000 3.6% Adrian Whitaker 300,000 3.6%

[aimbagger] 12/11/2020 11:57

One of these would be nice ?The 12 European tech startups most likely to IPO next: https://t.co/Iv459ZPzQb

[aimbagger] 11/11/2020 21:53

Nice little mention by Zak Mir: https://zakmir.com/stock-market-watch-amc-brh-jkx-msmn-must-orph-rms-tlw-tsi/#gs.knwl93

[aimbagger] 11/11/2020 11:51

Gone blue! Beginning to move, cleanest shell/SPAC there is. Moves on very little volume due to such a low amount of sii & ff. one to sit on and hold for a deal to happen, BoD aligned with shareholders so should be extremely rewarding.

[aimbagger] 10/11/2020 08:19

Jacqueline Yee, added to board in May is a superb addition. She will no doubt been looking at tech focussed companies for a potential acquisition RTO. Very impressive CV:https://www.linkedin.com/in/jrachelle

[aimbagger] 09/11/2020 15:58

https://t.co/aqHWEMdWiC

[aimbagger] 09/11/2020 15:07

!FOLLOWFEED
Mcap: £920k
Cash: £404k
Directors holding: 29.2%
Shares in issue: 8.4M (tiny ff)

HY report:
“the Company will be able to target an Acquisition where the target company or business or asset(s) has a transaction value of between GBP2 million and GBP50 million.”

SPAC’s are becoming increasing popular:

Directors and management are not taking any remuneration until the first acquisition is made!

Current cash balance will last 1+ years as a result. Serious skin in the game means any deal will be as non-dilutive as possible.

Dean Gallegos (the MD) is the largest shareholder with a 19.4% holding!

Australian Special Fund are cornerstone investors and will be supportive should further cash need to be raised for an acquisition.

Jacqueline Yee was added to the BoD in May this year to asses tech focussed deals. Technology companies have been going nuts this year... She is a Mentor to DeepTech Start-Ups on Singapore IoT Tribe Accelerator programs and an Enabler Member of The Global Fintech Connector.