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Wolves
Thanks for the reply mate. You pretty much summed up how I feel. I said before yesterday's strange rise for no reason expect to get more for TB shares that I would buy at 50p.
We all know TB is a con artist at best and its never great getting into bed with him again.
Thanks for your view ;))
Because he is one himself
Why would you ask a deramper this question?
Wolves
Where do you see this going over next week or so ?
TB printed the same over at RMS -
Thu, 12th Nov 2020 15:28
RNS Number : 1780F
The Company has thereby raised additional funds in excess of £900,000 via recent warrant exercises. As such the Directors do not foresee any current need to raise further funds.
.
Fri, 11th Dec 2020 12:00
RNS Number : 4022I
working capital requirements in order to build sales at P2F are now greater than previously anticipated and the board is considering how best to fund this additional requirement. As at 10th December 2020 the Company had cash of £706.5k and no debt save for trade creditors.
@RegulatorUK
Thanks for that, I remember seeing it, but makes you question what's going on behind closed doors,...... Hmmm
@uxm484
"A placing is unlikely. We do not specialise in manufacturing we are an investment company. Trevor will want quick money and is likely to sell the product or company."
That was my thought all through this but in the RNS dated 1st March TB states......
"Our attention will now turn towards quickly commencing the final clinical trial and commercialising our product either ourselves or with a partner."
Which to me indicates he has no thought of a sell out and want to keep/be involved with this.
A sale IMO would be the best if the price is right of course but not until the trials are completed and maybe even certificate obtained then it's a more valuable product.
We will see......TBC
NetBox...if one is trading.....then its down to their luck...anything is possible.....brh swings wildly both ways....
but if one is INVESTING in here...even though not guaranteed...it looks like its a safe bet......maybe not over next few days.....but over next few week/mths.....
only one NEWS...re-PARTNER can send us to orbit.....
PATIENCE is the KEY.......one has to remember we are trading/investing on AIM....very very volatile.....
i am STILL very very CONFIDENT...
have great FAITH/TRUST in CARL!!!....and 2min TEST.....in CARL we TRUST!!!
@Casper
Yeah I get you, I was just thinking the left over from RMS plus a few 100k wasn't enough to last (I don't confess to know production costs etc). I'm sure it will all be worked out.
Would just be nice to have a crystal ball and see exactly what's going on behind the scenes.
One thing for sure things certainly look positive but we might have a few more ups and downs on the way and maybe a few surprises too.
The frustrating part is not knowing as any news can come at any minute and if you are in you are in but if you are out it may be tough luck.
ATB
"@Casper
"unless there is a placing....which i cant see"
Why don't you think there will be a placing?
(Serious question)"
it was all laid out in the RNS of 3 December 2020:
"The Board has assessed the Group's ongoing working capital and investment cash requirements under a range of forecast scenarios and has concluded that a substantial portion of these cash reserves is surplus to the Group's requirements. "
I believe ultimately the preferred plan would be Royalties. Every great business at least has a plan B. A cash raise here wouldn’t be to keep the lights on, it would be for growth.
A placing is unlikely. We do not specialise in manufacturing we are an investment company. Trevor will want quick money and is likely to sell the product or company.
Also he will probably have to sell his holdings. If he holds on and buys more cheaper he will have too many shares and it will simply take very long. Given his age it is highly unlikely. No logical argument for placement.
NetBox.....cant it happen??? YES nothing can not be ruled out....
but we have been told......we have enough money to take us to COMMERCIALISATION of test......
Money was given to shareholders ( divi )....as it was EXCESS.......wasnt needed...
also i remind you again...now we have more monies come in from options...some £400k+.....
on top of this....it was ENCOURAGING to see....for 1st time in rns.....words like ...MANUFACTURING LICENCE being used along side.......PARTNERS....
@Casper
"unless there is a placing....which i cant see"
Why don't you think there will be a placing?
(Serious question)
After the sale of RMS most of the money was handed out to shareholders. Can't be cheap bringing a product through 6/8 months of testing/research/validation with patents and then there is the setting up of production if we are to manufacture this on our own. Surely more money is required to fund this OR partnership.
I'm sure TB knows what he is doing, just no-one else seems to.
This is not the 1st time Tb has sold in brh...he done it before....i often...say his monies his choice.......but previously.....everytime he has sold...in here...we have moved northwards thereafter..after short while....what many dont see...is the FACT how quickly....he got his shares....even though mm's put one over him at 55p......his shares were GRABBED very very quickly.......unless there is a placing....which i cant see...as we had plenty of monies to take us to COMMERCIALISATION of the test..and top of that we have had more monies come in from options......there is...no other warrants/options left....imo.....so nothing should come in our way now........bar from maybe few speeding tickets.....later on...when we are rocketing....which we all know....will mean nothing as....no-one can take our 2min TEST away from us...