Mustang Energy Share Discussion Threads

[cl0ckw0rk0range] 15/12/2020 08:38

Ticking up

[aimbagger] 15/12/2020 08:37

20p today please! Would be £1.65M mcap with £350-400k cash in the bank.

[apfindley] 15/12/2020 08:20

Its a cash shell....the main market listing alone is worth the takeover without even considering the cash or the deals being pursued.

[aimbagger] 15/12/2020 08:01

Blue sky once past 15p, let's see f it can break it today. Closed at the days high yesterday, bodes well.

[aimbagger] 14/12/2020 21:35

Standard... speak to the company, they are actively pursuing options, they're not going to recommend to sh's to wind up! C19 will have impacted discussions/negotiations this year. The MD is very focussed on achieving the best possible deal for shareholders being the largest holder personally.

[euclid5] 14/12/2020 21:26

don't forget

The Directors note that as disclosed in the prospectus dated 17 July 2019, if an acquisition has not been announced by the end of January 2021, the Board will recommend to Shareholders either that the Company continue to pursue an acquisition for a further 12 months or that the Company be wound up (in order to return capital to Shareholders, to the extent assets are available).



The Board's recommendation will then be put to a Shareholder vote (from which the Directors holding Ordinary Shares will abstain). In the event that the Company is wound up, any capital available for distribution will be returned to Shareholders in accordance with the Articles. An ordinary resolution of Shareholders is required to voluntarily wind-up the Company unless the Directors resolve to petition the High Court in England and Wales to wind-up the Company.



If an acquisition is not successfully completed by January 2021 and the shareholders voted to wind the company up, the remaining assets and liabilities would be settled in the normal course of business and any excess funds returned to shareholders. This is considered to be a material uncertainty as the company would be wound up and not continue to trade on a going concern basis. These events may cast significant doubt on the Company's ability to continue as a going concern. The financial statements do not include any adjustments that may be necessary if the Group were not a going concern.

[aimbagger] 14/12/2020 20:31

https://t.co/Y5GpzokK2N

[aimbagger] 14/12/2020 15:19

Afternoon rise looks a strong possibility, mm's aren't getting any sellers at this level, they will be forced to increase the bid in the hunt for people willing to part ways. At £1.2M mcap I can't imagine too many will be willing to sell around here, £2M mcap maybe.

[apfindley] 14/12/2020 12:50

1.1mill market cap400k cashClean shellMain market listedDirectors accruing NO salary until a deal is doneDeals will be of the scale 2mill to 50mill in sizeWe have onboard a director who has a proven history of deals in the far East amounting to many billions There is a likelihood she will bring in a fintech company from HK to get a quick London listingThey hope for a deal before the end of 2020Watch this space(The above information is from company correspondence and rns)

[aimbagger] 14/12/2020 11:08

100% agree, always profit takers along the way but think any loose stock will get bought up very quickly.

[apfindley] 14/12/2020 11:06

I dont see the point in people profit taking after a small rise here. Theres plenty of gas in the tank yet for this clean shell.

[aimbagger] 14/12/2020 10:54

Check out the volume. Looks as though the seller/overhang got cleared this morning with the delayed trades popping up and the share price up 20% on the day so far

[aimbagger] 14/12/2020 08:34

Should at least double up from current levels prior to news, so cheap at £1M Mcap with £350-400k cash...

[apfindley] 14/12/2020 08:25

With the increased volume, it may be that the transformational deal is about to drop for this main listed cash shell.At only 900k cap and with only 8.4million shares where do we think it will end up?

[aimbagger] 14/12/2020 08:05

Bullish start to the day!

[cl0ckw0rk0range] 13/12/2020 11:54

Yes I'm aware.

[apfindley] 11/12/2020 16:30

15% of shares traded today.Volume picking up.

[aimbagger] 11/12/2020 14:44

This is effectively capped at £500k as the company have £400k cash, ludicrously cheap!

[apfindley] 11/12/2020 13:57

900k market cap400k cashClean shellMain market listedDirectors accruing NO salary until a deal is doneDeals will be of the scale 2mill to 50mill in sizeWe have onboard a director who has a proven history of deals in the far East amounting to many billions There is a likelihood she will bring in a fintech company from HK to get a quick London listingThey hope for a deal before the end of 2020Watch this space(The above information is from company correspondence and rns)

[aimbagger] 11/12/2020 13:41

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i) 1a. Identity of the issuer or the Mustang Energy PLC underlying issuer of existing shares to which voting rights are attached (ii) : --------------------------------------------------------- 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer ------------------ 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X ------------------ An acquisition or disposal of financial instruments ------------------ An event changing the breakdown of voting rights ------------------ Other (please specify)(iii) : ------------------ 3. Details of person subject to the notification obligation (iv) Name Richard Corsie MBE City and country of registered office Edinburgh, Scotland (if applicable) 4. Full name of shareholder(s) (if different from 3.) (v) Name --------------------------------------------------------- City and country of registered office (if applicable) --------------------------------------------------------- 5. Date on which the threshold was 10/12/2020 crossed or reached (vi) : --------------------------------------------------------- 6. Date on which issuer notified (DD/MM/YYYY): 11/12/2020 --------------------------------------------------------- 7. Total positions of person(s) subject to the notification obligation % of voting % of voting rights Total of both Total number rights attached through financial in % (8.A + of voting rights to shares (total instruments 8.B) of issuer (vii) of 8. A) (total of 8.B 1 + 8.B 2) ----------------------- ------------------- ---------------- ------------------ Resulting situation on the date on which threshold was crossed or reached 4.16% Nil 4.16% 8,4000,000 ----------------------- ------------------- ---------------- ------------------ Position of previous notification (if applicable) ----------------------- ------------------- ---------------- ------------------

[aimbagger] 11/12/2020 13:21

https://twitter.com/corsierichard/status/1337378648270237697?s=21

[knowing] 11/12/2020 12:47

Looks like the deal which was eluded too may be close.

[aimbagger] 11/12/2020 12:37

Believe so yes, was involved with EVRH/MVR in the early days.

[flashheart] 11/12/2020 12:35

Not invested here yet but Richard Corsie, isn't he the bowls champion?