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I only bought this last Friday and already down more than 12%, not one of my better investment decisions. Oh well into the watch and wait draw!
In times of a little despair with the share price, some good news are needed:
https://solarfoods.com/opening-a-window-to-the-food-industrys-future-the-worlds-first-factory-growing-food-out-of-thin-air-launches/
I do know for a fact that Solar Foods are so confident that they are ignoring advances and contact requests from very big multinationals.
I hope they really go successfully commercial very soon
He comes across a lot less confident than he used to do. Would be nice to hear them announce that Mellon will refrain from bleeding the company dry until the share price is considerably back above NAV value. I really don't like the fee structure that has been set up around this share. Skim off the top when times are good but not now before the portfolio has even got going.
I'm in this for the next 5 to 10 years so I accept the ups and downs but this is just on a one way trajectory south.
Check out this interview,
https://www.youtube.com/watch?v=6r1urFCA9rg
Completely agree,panda1.
Have been away in Aus for while. I see there was a program to buy back £3 million of shares over six months from October to December. Someone doesnt appear to particularly good at maths, but the program appears not have been initiated at all. How much it could have stopped the slide I am not sure, but a realisation of continuing depression in the stock appears to have been foreseen possibly. A lot of talk in the press about liquidity issues in small caps and small cap funds. It does appear that the outflow from such is coming to a halt. So while the SP is over 50% below Nav, Perhaps they should think about buying back now. At break even, that would be a 100% gain, for a fund that used to trade at several multiples of its Nav.
I just can't see a raise getting away. Who and at what price. And would it recover. Like 100cups said. We might need to come together to get a grip on what's happening here. This should be a popular stock for newer investors or animal lovers but nowt happening just money grabbing every year.
I think the slide is because people can see the cash won't last very long, as the company will want to participate in the funding rounds of companies it is invested in and avoid its stakes being diluted, and is worried about another fundraise. That's why I have been concerned about the large amounts paid to Shellbay. I think the rewards to Mellon and the other directors and employees should have been structured differently in order to preserve cash.
If this slide continues will they use what money is left and buy our shares back?
Or they let it run into the ground and new agrarian buys it for peanuts,we get nothing?
Or one or two of these companies actually goes to market and makes money and we fly..
Or we use money to keep lights on and pay Jim every year,for years....
The company did a 5p placing in June 2019 so not all-time low
It's not just 52 week low but all time low to be precise.
Well, two points here.
Where is this form? What's the official process? How to prepare.
We can create a Google drive shared folder if everyone is willing to share an email ID for this porupose in here.
Second: in this case we have to consider what the possible reaction could be from the directors. It's a bit a game theory.
Well, then let's get organised and do something practical. If we truly believe that the fee structure is holding back our investments, then let's get organised to file a shareholder resolution for the next AGM in 2025. That at least can apply some pressure and be the focal point for any shareholder activism we undertake in the next year.
Your right. This leeching of money every year has to stop. Jim melon is taking the pee. It came in after I first invested it was bad then, now in this day and age its a joke. All Qs at the investors QnA should be on this matter to get it stopped.
I think a lot of people are put off investing due to the consultancy agreement with Shellbay which results in a large regular cash outflow and dilution. The directors were clever enough to base the performance fees on Net Asset Value rather than the share price. I think this agreement needs to be amended to preserve cash and then new investors might be attracted to invest in the company
We’ve only gone and done it again!
Well im in for a very small investment for the bottom drawer on this one, only 30,000 although its showing as a sell. Gl LTH
Anic net a whole £12.60 in the latest farce. Hope Jim will follow suit and exercise all his warrants with the millions he has stripped out in management fees. Presumably they expire this June unless they can extend them again.
Me too
It certainly keeps GIVING me stress for sure!!!! :O
The share that keeps on giving…
I have a similar average and I am also topping up now at these prices.
Are we going to see in the 7s??
Might have to top up myself..
Well, my first buy since November 22. Losing tons of money with my 19.19 average, but confident on what is to come.
These are the same US states that can eat their own weight in meat in one sitting. They are the ones responsible for the decimation of the rain forests. Regrettably they do not have a clue what is going on in the world.