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Even seen 250,000 going just now
Some bigger volume trades going on now with several 100,000 and some 50,000 maybe something in motion??
First question
You mentioned buyback so when?
Is new agrarian first priory for you?
Why you take so much money/shares out when no performance in stocks.
Presume that's not directed at me, but the other posts since your last message are pretty clear so I don't know who you're referring to.
Can You explain in laymans language and without abbreviations?
Can Meatly be bought now in the UK?
Well let's hope then he is so optimistic about the near future of the portfolio, he decided to take these shares now.
He's not releasing any funds as far as I'm aware, he's just giving himself and his colleagues more shares free of charge as far as I understand it. I believe in the concept of Agronomics and I'm invested for the medium to long term (5 to 10 years) I just don't like the payment structure that Mellon has set up for himself. Take the rewards when the business is performing, not when we're down 70% over the last 3 years. It just smacks of greed - capitalism at its worst.
I do believe in Melon, and I am sure whatever funds he is releasing will be reinvested into the portfolio!
If that's your takeaway after looking at the investment portfolio, then you might want to revaluate your research skills. Mellon might be greedy, but saying this is a "get rich" scheme is a stretch.
I really wanted to invest here, I have been watching and doing some research from what's available online. This seems to be a get rich opportunity for a few at the top like a pyramid scheme we will forever be at the bottom of. I want this company to do well for the planet, for the animals it may one day save and of course the long term holders that put their hard earned cash into the hope of a better future for all of us (Thank you). I may be back, but after today's RNS unless major changes are made, it will only be to cheer on from the sidelines.
100Cups - “ Until there is an actual market ready product, all of this is still a completely speculative play”.
Meatly has gone to market!
I would challenge that there's been great news. We've had production pilots, small financing rounds, and limited regulatory approval. Until there is an actual market ready product, all of this is still a completely speculative play. None of what's been announced has been particularly ground breaking.
this is exactly what changed. the story of agronomics for long time was that the market is to blame. however, the past month had great news for agronomics underlying companies. the market itself changed. many biotech companies turned.
simply put, the story that the market is to blame simply doesn't hold true anymore and considering the great news during the same time, i wonder whether many investors are just not okay with the intransparency provided. therefore i believe it is time that agronomics management explains in more detail what the ******* fees are for that made up ~15% of the operating profit. 3,4 million of 25 million (virtual profit -- ******* virtual) -- for what exectly? 3,4 million pound is more money than some of the investments taken.
this discussion has to be held independent of right or wrong. i
greetings
Not sure if Mellon and co. are to blame really - putting the terrible payment structure outside, we've had (1) a complete evaporation in biotech funding in 2022 and 2023 and (2) the technology hasn't progressed as quickly as expected - ultimately its still completely speculative and the reality is that it might never actually reach cost parity.
I look at some of the other speculative technology plays I invested in: Plug Power, Proterra, ASTS - and those have performed far worse/or simply gone under. Agronomics was created during a SPAC craze where people were investing in absolutely anything - how many of those have completely imploded?
Things could be far far worse. We have a solid portfolio of companies spread out across a number of different subsectors. If you believe that the technology will work - then stay invested. If not, might be worth cutting your losses now.
Would need someone with time. Tried a similar thing not long ago. We holder's got together called an egm. Got one. Company then implemented some ideas then......back to being fleeced. AIM dont care.
One idea is to reach out to BlackRock, JP Morgan Asset Management, Jupiter Asset Management etc. In order to ask them to use their weight and push for more Focus on shareholders value. These are the biggest investors.
Any other idea?
What can be done about it?
What do you want to do about it?
Agronomics has so much potential as a vehicle for investing in the future agrarian revolution, but unfortunately it appears to be just a vehicle for Jim Mellon to take and take and take again. I'd have less objection if the share price was riding high and private investors were seeing the benefits too but we're not. It stinks in my opinion. He should allow the company to grow and mature before taking his cut. News like this just kills the share price and puts off potential investors.
Dominicusbenacus, yes it is a good thing that Jim Mellonm has a seat on the board in a company that ANIC is invested in. This is a positive indeed as you say.
My only point was to highlight the complicated holdings and relationships between the different entities that Jim Mellon is an executive and shareholder of, but without judging it.
Not my best post ever, sorry...
Our Mr Mellon has fired up his share certificate printing press again, I see…..
What do You want to tell US with that commend? Usually it is a good thing that a major investor get a Say and a SEAT on the board in order to influence the activities.
In 2019, Mr. Mellon co-founded Agronomics and now sits on the board of three of Agronomics’ portfolio companies including Liberation Labs, Meatly and Clean Food Group.
Is it only Jim and friends comfortable with how this is going all for them and nowt for us?
No buyback info on when happening which is not a good look.