Peoples Op Share Discussion Threads

[watching1] 25/6/2018 13:09

there are now 3,021,340,043 shares....

[watching1] 25/6/2018 13:03

So nothing has been resolved except to sell the US subscribers. No further money, no new ideas. Lunatics.

[swizz] 25/6/2018 12:39

Not dead yet, but almost,...lol...GL S

Red or Black?

[1redknight] 25/6/2018 09:35

Leave that Delato, he thinks this is his company and his BB. Very delusional. Says he's been investing for years. Don't see how if he picks daft stocks like this.

[timeforchange] 24/6/2018 21:26

The sums payable to TPO USA will be payable following an agreed transition period during which migration of the customers and customer balances will be agreed and monitored"

When will the transition period be agreed? How long will it last for? I reckon before the board can agree any of this they will be reading insolvent and the business therefore goes into administration.
The only value in this company is the shell.. and if the shell is saved I see dilution happening at an effective market cap of say 200k.. that’s the market cap back in December when they diluted 10 times.

[watching1] 24/6/2018 21:19

Thank you "timeforchange"...
You are right: I was merely pointing out the facts, based on the RNS and on my understanding how these things normally play out. As you said: likely to be about $350k, with a delay in getting the money to TPO -- who are not allowed to fritter it away as per instructions from Barclays.
Of course, it is always possible that a wealthy shareholder throws another couple of million at the problem. We will see tomorrow.

[timeforchange] 24/6/2018 20:51

Ask the board what their liabilities are in the USA...? They are selling a business in the USA without getting rid of any liabilities ..amateur board...

[timeforchange] 24/6/2018 20:05

Delato he is correcting you on your false statments.. “700k cash in the bank”... it’s going to be at most 350k usd upfront...
That’s more like 280k gbp...

[watching1] 24/6/2018 15:09

Remember what the RNS said:

"The principal terms of the SPA involve the transfer of TPO USA customers to Ting. No other assets or liabilities will be transferred to, or assumed by, Ting. The key financial terms of the Disposal are as follows:

-- Ting will pay US$75 for each customer of TPO USA which, prior to an agreed date, has been migrated to Ting; and

-- The sums payable to TPO USA will be payable following an agreed transition period during which migration of the customers and customer balances will be agreed and monitored"

Conclusion:
1. it isn't certain how many subscribers will migrate, and this process takes some time anyway
2. Then there is an earn-out period, to monitor that subscribers are staying with Ting
3. Whatever money TPO gets, and when they eventually get it, has to be kept aside as instructed by Barclays
4. And there will be significant costs to close down everything in the US: final bills to pay, without any revenue coming in.

My friend the fat lady, is getting ready to sing.

[deltalo] 24/6/2018 11:36

General meeting tomorrow at 11am.

[timeforchange] 22/6/2018 17:21

They can’t even make a Gross profit... did you see the annual reports delato?

[1redknight] 22/6/2018 16:23

Delato you are delusional. You're ramping this hoping youre going to get some of your investemnt back. Thats fairly shady, just like you were on the LSE board. Youre quoting a RNS from January. What month are we in and how many RNS have there been since Jan? Spin the BS on another stock. Nobody is buying into your words.

[timeforchange] 22/6/2018 16:10

But who wants to give them money??

[deltalo] 22/6/2018 15:56

Why are you so surprised, companies do burn money, most lucrative companies burn money most borrow as it's so cheap, even are own government that is the 6th richest in the world borrows money as it's cheap. Revenue from the increased subscriber's will cancel that out in the short to medium term.

[timeforchange] 22/6/2018 15:33

The company said in an rns that all the money from the sale will ringfenced unless they raise money. They burn 300k gbp a month.. how long do you think they will have left?

[deltalo] 22/6/2018 15:23

Your wrong, the instalments were agreed. See RNS jan 31st 2018. I'm invested here so I wouldn't put in so much money if I thought I would lose. Your scaring pi's in to selling early at a loss to satisfy your own hangups. Now I've said my piece for what it's worth so by for now.

[1redknight] 22/6/2018 15:01

Think you`ve been told on LSE that sign ups are in no way comparable to customers, yet still you want to ramp this up so people can lose money. Barclays will not take instalments of a million when the company gets written off.

[deltalo] 22/6/2018 14:14

Disagree, sign-ups are on the up fast, and as I keep saying there up 50? from march and so why would any Bank not see this is a very investable business. The bridging loan will be met and funds from Ting will come directly to tpop.The Barclay's agreement will still Stand with installments starting on the 31st jan 2020.This give the company plenty of time to build there membership base. Well done all who bought in St 0.010 including a top up myself. Patience will pay off.

[1redknight] 22/6/2018 12:03

In all honesty you can all see it is a diabolical network. They didnt offer anything better than most others. Giff Gaff gave massively better data allowance. Others gave better rates for international calls. Here they were giving to charity, rather than giving the incentives back to customers in terms of usage. This is/was bound to fail. Just clock watching for when the administrators will come in. America was written off, this will be too shortly.

[stevie050] 22/6/2018 11:26

Utter shambles of a company.

[timeforchange] 22/6/2018 10:23

Delato you were telling people to buy at 18.. it’s now 10 to buy.. some drop!

[oilbuy] 22/6/2018 10:22

There's also a risk of suspension.

[encarter] 22/6/2018 10:18

Many less risky shares around with the potential to double ya money.

[oilbuy] 22/6/2018 10:09

230k cap and can fall further