The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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All those continual posts encouraging everyone to sell their BELL shares and buy TMT shares have also contributed. Wouldn't be surprised if they're connected too. One was incessant, daily almost, at outset.
As it's now turned out those who did switch will have added 25% to their bottom line.
Still stinks though. Wish they'd find a solid backer somewhere and drop this lot. I was originally thinking of dipping my toe in when the finance gets sorted but with this lot involved I might need to watch a bit of dust settle
MBO ?
Rob ‘I like to hit my numbers’ Rauker
Utter joke
This is stomach churning sh£te
What a ridiculous price to pay
Interconnected people in both companies
In at 17p
And 5,000,0000 sells before anyone else gets close to a return
It’s disgusting
Giving away 1/2 the company for a few million quid. That's poor. Always said the CEO wasn't fit for the 'business side' of the business.
Really can't work out why they've gone down this route as there must be better options. The delay has really weakened the share price. Financing should be done behind closed doors not like this, over months and months.
Great business. Rubbish managment. Can't figure it out
BELL must be a good takeover opportunity for a competitor here given the technology and the pipeline.
Sell some shares John
Drive down price…. We can nick 66% better deal.
Only sell few 100,000. That will do. Over a few weeks so it looks natural
We all benefit fella and nice few 100,000 notes each and we get to f&uck over those investors who have stood by the company
Why am I surprised
Just bent. Smells bent. Looks bent. No hope in next 5 years of recouping
40p tops now
Who the hell runs their business this way
Banks
Is there an alternative to TMT?
Some someone sells 500,000 over the month. And price drops. We suffer in financing! This is just corrupt
Won’t take long to get to single digits
On the upside it can only drop 19p from here! Maximum
My GP says out by 2025
AConceptIsABRick, Why wouldn't you want to hold BELL after 2024?
If I try to be more considered (rather than ranting on here haha) in my frustration and confusion regarding this transaction, (BELL/TMT), I think that it's quite bizarre that both companies have the same broker. (perhaps this is at the heart of the delay / problem ??) It looks like both companies also have common shareholders, and whilst the deal very much appears to favour BELL giving them easy access to almost £5m of cash sitting in the TMTA shell, one has to question what's actually in it for minority TMTA shareholders, many of whom invested into a company with a seasoned BOD and an ambition to do something more imaginative than to 2 years later sell their cash for a small premium to another AIM company that is hardly going from strength to strength! Perhaps the same thought is occurring to the TMTA board or the regulator of such transactions. Whatever the reason, an update needs to happen WELL before 4th March when this Takeover Extension Offer period allegedly ends. I don't want to hang around this share beyond end 2024 and I'm sure not many others do either.
Theboyg
My sentiments entirely. Surely their bank would fund. If not, invoice discounting?
Don't really get it to be honest. If they are messing BELL around others should be knocking down the door to partner with BELL given their market leading technology and pipeline.
No idea where March 4th came from
If that’s the case then that’s another 6 month delay on top of all other delays.
This share is rapidly developing a whiff of dead and buried
They seem to have done nothing since September. Trading update in January will, of course, promise more jam
But 4th March will see us at 15p without news!
I just don’t get why you can’t head to a bank. Show them 6500 orders that contain 5,000,000 profit along with an agreement assuring 36 million… and not just borrow!
This was their last chance. Their last year. Sadly we are all drowning with them!
Don’t panic though. DTC sales have trebled from nobody knows to nobody still knows.
And they have shipped or about to ship a few more.
Sad… pathetic… but utterly typical
If Paul Hill can’t get hold of them…. We really are fo£ked
Tend to agree with you. The RNS dated 28 November stated a short delay but won’t change the ‘irrevocable’ agreement between the parties dated 27th October.
If this is the case, I can’t understand what the delay is about, unless TMT are trying to squeeze even more out of the deal, in which case it wasn’t irrevocable after all and the statement in the RNS was wrong.
Haven’t seen this new date 4th March anywhere, but if this is the case its disappointing if it is holding up the production past November/December development period.
Yes, this new date is market sensitive information if it is holding up production this year and as such an RNS should have been issued, perhaps with a progress update to at least advise the shareholders that there is movement in the right direction.
TBH, I would expect this behaviour from TEK, as they seem to think their shareholders are just happy with the contribution to mankind and that they are not bothered about a financial return but thought the directors of this company would be normal and understood their duties to the shareholders – maybe being naïve, they are embarrassed having climbed into bed with TMT, who knows!
Personally, I’m sticking with it as it is a brilliant product and should do extremely well over the next few years, as long as they don’t ‘fan about’ for months/years and lose their market leading advantage!
Another day - another week - goes by with no news. As time progresses, I further question the moral and professional principles of the team ‘leading’ this company who seem happy enough to leave PI’s in the dark - yet no doubt ensure that their own pockets will be indeed lined. Had I not lost over half of a pretty large investment (in terms of my own investment portfolio) in this company, I would sell out and never look back.
Are they even in compliance with LSE protocol ?
My trading platform sent me a message saying that the Takeover Extension Offer has been extended to 4th March 2024. So until then, I guess the deal could still collapse. Not really great news tbh - no news likely until then so probably an equally as dismal period for the SP….looks like it could fall into the teens. WHAT THE HELL IS GOING ON WITH THIS DOG OF A SHARE??? Feels like PI’s are being messed around royally by the board. TMTA/BELL should have released an RNS announcing that the possible deal is delayed rather than letting our trading platforms / random press - tell us…
Looks like news is coming
Large drop and news is due about now
Not a good end to the week but defo a sign news, unusually, won’t be good
Delay delay delay… no deal…. Delay…. No money… new bits needed
Oh and delay
But we live in hope and my natural positivity will see us through
Good weekend all
Trading up nicely which is great for both BELL and TMTA. The fact that TMTA has failed to rise with BELL makes the discrepancy all the greater and the 3 BELL for 4 TMTA look increasingly compelling which is why my preferred option is by the TMTA back door. Certainly looks like positive moves are going on behind the scenes with due diligence feeding the rise. With BELL at mp 26p, 3 shares are worth 78p, that means TMTA should be 20p not 15p. Buying TMTA should give a nice little initial profit with plenty more to follow. What's not to like when TMTA NAV is 17.25p cash on deposit. WIN/WIN
Https://ukinvestormagazine.co.uk/tekcapitals-belluscura-set-for-a-landmark-year/
https://zakstraderscafe.com/bulletin-board-heroes-january-3/8239/
I will let others comment on the relative price to TMTA, but BELL is around 70-80% below what a typical valuation model would give, so seems natural that it will go up over time.