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I heard talk also that yesterday was all about cash, but I cannot really confirm it.
Strangely this calms me a little.
If bda news is coming then please let it be about raising money. While ever the contracts I think are being discussed and the Asda stuff I know about is still going to happen, then, for me at any rate, its all just about time.
I have kept repeating not to buy in or buy more at the moment and that I am still in because selling makes no sense to me, given my own position, and this vindicates that. The really bad one would be that Asda had pulled out or the contracts had failed.
Thats the gamble for me, and I suspect many others. Still confident the medium term future is bright, even if there is a cash call.
Alan

surely a major cash call, which must be what is needed, could be almost as bad, diluting minuscule shareholders funds to effectively zero

We are presuming a major cash call, but that is not necessarily the case. SEO is using up cash, but we do not know for how long. T&G forecast profits for next year, and SEO claim pens poised over contracts. This could effectively mean a fairly small dilution for short term funding.
If the Asda - March thing is true, then they need 6 months cash without any further contracts, to see them earning. Thats about 2million.
Fairly insignificant. if however they need more, because things have stalled, then yes, we could be left with negligable holdings.
Alan

A dilution of say 50% with a 5 or 10 bagger shortly after is still far better than bailing, especially if the potential is still there and people believe it.

if such a small cash call for a very limited period, why call at all, when clearly it will need to be heavily discounted? ...... should be able to do such a thing through normal banking channels unless the banks have also had enough

Thats the point. We do not know any details, just that there is a rumour of a cash call.
For all I know (or the FT for that matter), the rumour is totally wrong, and SEO are about to announce a solution to world peace or a cure for cancer!!!
Yes the cash position is perilous and it is almost certainly right, but we do not know!!
Alan

The SP slumped 24% in one day. Should SEO release a RNS stating known/no known reason.

I think SEO is running out of cash soon...cash call will be next RNS

hyleo98

God, I think your powers of deduction are breathtakingly brilliant!!!!

Are you a member of MENSA?

The oily one

Of course

Strange how the price suddenly dropped to 2p so quickly yesterday yet the millions of subsequent buys did not push the price any higher.Now in a trading range of 1.75p-2p, could this be the dilution price if any more shares are issued?What do you guys think.

But unfortunately it doesn't take a MENSA member to deduce this.

Forgive the length of the post, but I am trying to work this one out.
Over the last week or so, trading has been more buying than selling, yet the SP has drifted lower and lower.
Yesterday rumours of a cash call saw the sp plummet, but with buys outnumbering sells again!! This stinks of manipulation. But in favour of whom? A lower sp is of no use to someone getting rid of their holding, or of MM's building a holding, because they only hold very short term. it would only suit an invester building or an MM shorting, but if an MM was shorting, sells would outstrip buys.
If we assume the above to be correct, it would explain the rumours. Created to lower the SP and allow someone to stake build on the cheap, but if a cash call is coming then whoever is buying would be better to wait.
I simply cannot explain what has gone on for the last week in terms of normal market dynamics, and I am very concerned that something very wrong is afoot.
lost in a fog of logic here, so any suggestions appreciated.
Alan

Oily,
Did you get my e-mail???
Alan

Good morning Alan

Yes I did. Got in late last night and PM'ed a couple of people on FYB. Will respond to yours later this morning.

ciao4naio

The oily one

I am interested in the letters of intent that SEO have confirmed are signed. If they can prove to the banks with a set of (believable) management accounts that future orders will be forthcoming and will make the company self financing then an additional line of credit- at a price - or even for shares may be the way forward. This would be in line with their statement that arrangements for future funding are well advanced.
Worried

I have just been told that my 40th party continues with a suprise weekend away of drunken debauchery and studied hedonism, so forgive me if I do not reply, Oily, but the fulfilling of carnal desires and the opportunity to get so drunk i am taken to bed in a wheelbarrow beats shares anyday!!
Will only be around till about 10am.
Have fun everyone.
Alan

I like most thought that at 8p, 6p and downward the worse was over.
No doubt several got out with good profits and best of luck to them.
We can speculate positions on sp 24/7 but it's not going to get us anywhere.
No one and I mean no one knows where this will finish. Sky high or bust.
We have posters in both camps.
At the moment although SEO have a fantastic portfolio of products, these products as we all know have to move.
I have now stopped watching this share checking a couple of times a day only, I now rely solely on alerts.

Does a US bank offer more favourable terms than a UK bank?

Well i guess it is now blatantly obvious.... contracts to be signed next week or otherwise we've had it