2 pence is all I have left astro, and I still wouldn't put it here.
At least it was an update. on the upside, they still seem confident that they can derive some value from the Labskin tech, just how much remains to be seen and I'd urge new investors to take note of the constant high spread... It's been 40% or above since EVO hit the skids.
Downsides... Only focus is now the sale of intellectual property... Pulling out of lease ensures no future production/sales of Labskin ( no revenue) My worry would be that after conversing with over 100 companies regarding the sale of Labskin and no buyer was found.. How likely is it that they will find a buyer for the tech??
Id imagine a lot of money was spent in the transition from science to production, now that would seem to be misspent.
There have been many errors, and the focus of the business blurred at times to say the least. Who know, there may be value for those investing now, but for us old timers buying in at 2.70 and above, These errors ensured we would never turn a profit, maybe an honest update every now and then would have saved some of us a small fortune... Nice to hear some of you doing so well.. Astro pete mossy... May have to buy into coms just so I can go to your party, as we never got one here lol. And astro... Take the mrs you big meanie !!!
What utter nonsense. I’ve never read such an unmitigated pile of tripe passed off as RNS. It’s just a procession of excuses wrapped up in bunkum to cover their incompetent backsides.
Just what IP are they talking about? So everyone is clear, LabSkin is NOT patented. "The board considers that the value within the Group vests in the LabSkin technology”. But doesn’t the real value vest with the know-how of the staff? Oh, I forgot, silly me - we’ve got no staff.
So after talking to 100 companies (really?!) and finding no one interested in putting their toe in the water for as little as £0.5m, who on earth will be interested in licensing?
The Directors are idiots and seem to think all the shareholders are equally challenged. Doesn’t “reduced loss” actually mean no staff and the business is shutting down? "Considerable effort” equates to total mismanagement of the sale over the last 12 months whilst allowing the business to go down the tubes. Shame on the BOD. You need to grow up and stop assuming all the shareholders are as dumb as you lot.
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