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Coming up to 2 years being locked in here and no news on a recommencement of trading. Surely we’ll all be rewarded with at least 50p GLA
Have emailed DG twice over the last 3 weeks:No reply:either news coming or we have done our money!
We are still working through the process:hoping to publish an update asap(emailed received!)
When mustang return stock market?
I think this is done and dusted ..been to long nothing from the board for a while ...im sure this isn't coming back
Not according to DG,but yes has taken to long
No idea what is going on here but the company should have updated the market as the maturity date lapsed again last week. I doubt it’s the FCA who are dragging their heels as this sort of thing is something they do on a fairly regular basis. To be suspended for almost 2 years and not give shareholders an update is very poor.
Email DG;he will reply
Shouldn’t have to do that. In any case, why would he tell a complete stranger via email what he should tell the market? Its either been extended or hit the rocks.
There you go!! At what price will the £15 million placing g be at?
Says it here:
the sum of US$25,666,667, to be converted to Pounds Sterling using an exchange rate of GBP£1.00/US$1.225 and to be satisfied by the proposed issue of 104,761,905 new ordinary shares in the capital of MUST issued at a price per share of 20 pence (the "Consideration Shares"), credited as fully paid and free from any encumbrances and ranking pari passu in all respects with all other issued ordinary shares.
20p
The Fundraise of £15 million (under Fundraise) share price to be determined"
20p is not the £15M placing price, it is the price that Garnet have effectively got for their share of Enerox Holdings.
The assets that Garnet, Bushveld and Acacia are bringing to MUST (all of Cellcube/Enerox) are worth MANY times what the original asset value of MUST was (around £3M quid for an essentially empty shell company) - this is reflected in the fact that the total number of issues shares is increasing from 10M to something like 350M.
At 20p per share, if this was achievable in the placing, MUST would be worth around £70M which is similar to the valuation of Cellcube's nearest comparison company, Invinity (IES).
If anyone wants to complain about paying 30p for a share in an empty shell that then becomes worth 20p per share in a company with real technology growth potential in a rapidly growing market, then they are in the wrong business, and should try fantasy fiction instead. Either that or learn how to get to be employed by market movers and shakers like Garnet and Bushveld that are in the strategic position to drive the business forward and only pay 20p instead of the 30p that completely in-the-dark private traders were able to pay 2 years ago.
RNS yesterday:still alive
Nice of DG to give himself a pay rise xxx£120 k a year
Doesn't look like this will ever come back soon- what a waste of time
Should hear more news by end of month
I'm assuming we've lost any money we once held in this chit chow?
Find out end of this month
Hopefully getting closer!!! Update in next 7 days
CLN extended maturity date today!
No RNS regarding CLN"s No replies from DG:Writing my "investment off" Atleast DG still taking his wages £120k a year
It will soon be Christmas and then Easter.
Maybe we’ll be treated to a 3 year lock-in.
You’ve got to laugh!! Or will we be handsomely rewarded???
DG hoped to release an RNS 2 weeks ago:obviously didnt!!
Bmn loan Mustang $420 k for working capital IE Wages of £120 k a year for DG:whilst shares get issued @20 pence:Happy days 😀