Toople Share Discussion Threads

[leewink1] 28/2/2022 13:39

Manipulation for them all to lose ? Who exactly are these manipulators, the company for lying to us, or fictitious money going in, what are you saying, the company or financiers are bent ?

[investrip] 28/2/2022 13:34

But Lee, Those TR1s are connected parties, theyre not true investors.

Mike Staten proven time and time again to work with Novum and Charlie
Oberlon.... Brokered by Novum...

Theres no big investors here, its all manipulation

Check the comments here

Mike Staten. A large investor who is not intent on losing money. He will not. But small shareholders in Ascent Resources are going to. And potential investors. Parsons. Dennan. Staten. Novum Securities and Jon Belliss. Expect Charles Brook-Partridge and Sebatian Marr to turn up as well. The former is a director of Novum. Novum Securities are the brokers for Nuog. Nuog is now suspended whilst two directors look for a RTO for the company. It could get delisted altogether. C4 Energy, where Parsons is one of the directors, bought the debt there and parachuted in two of their shareholders, one of which is Dennan. When Nuog shares were still listed Staten, Brook-Partidge and Marr each bought 3% of the company at the same time, announced by RNS. When the shares rose in a pump and dump they all sold 3 days later. They made a tidy profit but mug punters were left with devalued shares which were subsequently suspend and could be worth nothing. Ascent is their new toy. Explains the arrival of Spreadex and mAlign Research. Expect a rinse and repeat. Recent buyers of AST shares should sell. Potential new buyers should run for the hills. Leave this to the mugs. At Nuog there was a large shareholder, Gary Smith, who tweeted his share buying and was at about 10% just before suspension. Mugs followed him and bought and now rue the fact. Be very careful. These people are all interconnected. You are not On the inside. You are a mug punter. A victim. Let this disgrace unfold from afar. Expect the good doctor to arrive. These people are all conspiring against small shareholders and include the AST BOD. Disgraceful.

[dodge_city] 28/2/2022 13:17

Cause for some optimism but not enough.


"If we look as a comparative at our trading at the end of the last financial year versus our first quarter trading of this financial year, we are seeing sales approaching a 9% increase, increasing gross profit of 17%, and an improving EBITDA of 19%, giving the Board confidence as we see the UK returning to more normal conditions"

Maybe a trading statement in April to quantify that.

The debt needs sorting. Consolidation and placing maybe.

[leewink1] 28/2/2022 13:10

Just after as in the 21st December ? I'm sure all those TR1 major interest buys or indeed the expansion of the company was all done with bankruptcy in mind ?

[verulamium] 28/2/2022 12:47

Where's the guesswork? They've said they need to raise cash. Doesn't take much scribbling on the back of an envelope to work out that if they were trading while insolvent on 30th Sep, the cash raised just after then wasn't enough to save them from being in the same position right now.

[investrip] 28/2/2022 12:45

Yes, I get all of that but that doesnt answer the question.

Where do you think the growths going to come from? 4 years ago they targeted 5% of the market, today they turn over no more than a small telco on the highstreet might.

They are insolvent, and the annual report confirms more dilution.

I dont get what your excited about and Im keen to understand what Im missing. Saying you can afford to lose it isnt a valid reason.

Are you literally saying your betting not investing? If so Ive got a better bet for you....

[leewink1] 28/2/2022 12:23

Thanks for your concerns again, the saying goes either way, BET what only you can afford to lose, I'm not here like a day trader looking for 5 percent and dump, equally if it changes for the worse, that no one knows . . . The saying stands, what no one needs is a guesswork ploy to scare, again, DYOR, and do as you will.

[dodge_city] 28/2/2022 11:39

Hence the placing

[investrip] 28/2/2022 11:20

We draw attention to Note 2c in the financial statements, which indicates that the company incurred a loss after tax of £1,218k during the year ended 30 September 2021 and, as of that date, the company’s current liabilities exceeded its current assets by £354k. As stated in Note 2c, these events or conditions, along with other matters as set forth in Note 2c, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.

This means the company was insolvent at that point.

Your investing in a business that the auditor states is insolvent...

[investrip] 28/2/2022 11:10

Ive told you mine...

What are you waiting for? Revenue is down the last 2 years. They took a 3 mill and 2.5 mill business, and ended with 3.44m, not its 2.8m...


Im genuinely interested

[leewink1] 28/2/2022 10:40

Mine is I'm happy to invest and wait, yours ?

[leewink1] 28/2/2022 10:38

Yup we both have reasons to be here.

[verulamium] 28/2/2022 10:28

The full results are now on the website. The auditors have plenty to say, as might be expected - pages 41-46.

[leewink1] 28/2/2022 10:16

What point is there in moaning about it if you're not in or not content to be here, what possible reason could there be ?

[leewink1] 28/2/2022 10:15

If you're happy to be here great ...

[leewink1] 28/2/2022 10:09

Could always go into PREM, great rising prospects lol, just fishing for cheap entry, DYOR, and if you're not convinced move on, your agenda looks stupid to all, if you're happy to be here great, if not sell and move on, quite painful to see the desperation and wise words of wisdom, just move on.

[investrip] 28/2/2022 09:58

Details are horrible...

183,331 in furlough, which would be classed as revenue, so revenue down to 2.8m from 3.44m

This is despite the focus on DMSL which is commission based and not revenue based. If the focus is on DMSL, the customers they were paid on then, wont pay out again in commission until 3 years time.... this years gonna get even worse

[susiebe] 28/2/2022 07:48

"If we look as a comparative at our trading at the end of the last financial year versus our first quarter trading of this financial year, we are seeing sales approaching a 9% increase, increasing gross profit of over 17%, and an improving EBITDA of 19%. This gives the Board a lot of confidence as we see the UK returning to more normal economic and working conditions.

[verulamium] 28/2/2022 07:44

H2 revenues down from £1.9M 2019/20 to £1.5M 2020/21.

[owenski] 28/2/2022 07:29

Yep, that's a given

[sleveen] 28/2/2022 07:26

Net current liabilities of circa £350k.

Debt liability £1.7m.

G&A costs are the killer.

Another placing soon.

[verulamium] 28/2/2022 07:23

Never has there been so much waffle trying to present awful results as decent ones. The directors think it's a going concern of course, but admit they'll need to raise cash again.