NEW BACKERS 1ST THING MONDAY.OPEN UP 2.5P

A 30k investment is not to be discounted lightly imo.

Looks like someone bought a 3% stake today:-

3% of 218,120,095 shares = 6,543,602 shares and our buy was for 6,607,919 shares. They've just gone over the 3% notifiable threshold and a Holdings in Company RNS should be on its way.

rumours are news will be here today.fill your boots asia acquisition is a cracker.loan note now repaid and 6 mill cash for more acquisitions.5p+

I disagree it looks grim if no immediate funding is found. I'd suggest administration and distribution of realised assets to settle creditors could see the biggest windfall of any AIM stock for shareholders - if a little prolonged. NAV assuming 'current' situation i.e. after liabilities is 9.9p/share - I can't believe even in a fire sale it would raise any less than say 2 - 3p/share for distribution..

Alot remains to be seen, but I'm still positive about news this week. If the deal was dead in the water it would have terminated yesterday morning.

Sell now its doomed as the banks are.

Why has that any relevance?

As far as I've done my research NAV is around 10p and management seem to think Benkala is worth 20p on its own and that too on a conservative basis.

Crunch point almost upon us. Should the deal not go ahead, we may enter a brief period of suspension whilst alternative funding is sought. Fact remains Coville want their money and FML don't have it. Asset base in high with current NAV of 9.9p

I'm still confident the deal will go ahead, but would advise anyone not on a settled position to ensure their cover extends to weeks not days(!)

The fact directors own over 20% of the equity in the company via Sokol should keep non-dilutive interests at heart

2 pm rns silk resources acquisition and 6 mill cash.3-5p

Just a stalemate and news to be out today or Monday according to Monday's RNS. Might only move once the news is out and break the 50day MA and complete double bottom at 0.35p in the process. 0.40p is the key level to break now and not 0.50p and then clear run to 1.50p.

Looking better now before the news comes:-

starting too motor.buy limits slashed

Couple of positive developments. Double bottom at .35p complete and breaking 50 day moving average.

Looking good for Monday now.

Up 43% now and could get to 1.50p on Monday which is the fundraising price.

50% rise today and kept all the gains. Monday could be a cracker to minimum 1.50p.

1. Fundraising at 1.50p
2. Double bottom formation complete at 0.35p today
3. Price broken the 50 day moving average today
4. Overhang cleared
5. Short squeeze on where costing a premium now as per the 0.60p buy for a decent quantity
6. No resistance on chart until 1.50p
7. Other technical indicators firmly in positivity

Anyone who thought Treacle was ramping this.

Anyone who thought Mitzy has been deramping these this week and now very bitter.

Treacle = SueHelen and many other names both on here and any other financial BB.

Same modus operandi every time, picks sub penny shares in the hope the less- informed move in and push the SP up; at which point he dumps and leaves the less fortunate hanging onto near worthless shares.

Might get one right every now and again but usually these are pumps and dumps accompanied by worthless TA and exaggerated (lying?) commentary.

'very bitter' is a well used phrase by this tosser. Used to live in Leeds or somewhere close by if you want to visit.

pth
does he have a sidekick who seems to back him up? might work on other threads.
taking advantage of the new and maybe not so new and vulnerable.
thank goodness for the likes of you and all the other honest posters on this board.
those honest posters who have no ulterior motives. you all know who you are, as do i.
regards
jkd

jkd

Works on his own as far as I'm aware, but uses multiple logons so perhaps sidekicks not really necessary.

His early alias - SueHelen attracted quite a following on MAM some years ago, even won the Yellow Jersey in the monthly FTSE competition! During that period I think more people were sucked in and the pump and dump targets were usually low value AIM stocks but not sub penny as a rule.

During the last few years it would appear repeated failures and an overall lack of success means targeting sub penny stocks in the hope of making a few quid. If he suceeds he'll move on to the next target. I must check out ADVFN and see what alias he is using over there for this company.