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This was planned for a while.
So , I think in general, they are saying all previous equity based raises have not gone well. With the exception of the SALT IPO
I do wonder if this shift to Guident moving to a private funding round is at least partly TEKs way of saying that the latest share placement hasn't gone well...
Https://autonomousvehicleday.com/
Significantly, all Guident's major partners are speakers.
Seriously smart business going down
Ive always said im here for guidant and beĺieve that alone will be worth 9p in the future.thats why i stay here as there is no other place to invest in guidant.anyway saw a link saying cliff is proposing private equity.so the answer i would like to know is.is it better for us shareholders to have a placing or private equity at a 2% fee per anum with a 20% exit stratagy.any answer would help me decide whether to invest further
Thanks for posting TI
The details of this funding should actually help pin a value on Guident IMHO - At the moment it's worth 0 so it will be interesting to see how it's valued when it comes to private-equity-funding. Let s see what a professional investment outfit values it as with cold hard cash (or a slice of the pie in this case)
With so many buys today I think we are about to see a substantial uplift in the share price. It’s been beaten up, but the tide is about to turn.
Https://www.nytimes.com/2024/03/19/well/eat/sodium-salt-diet.html
Https://ukinvestormagazine.co.uk/tekcapitals-guident-pursuing-us-private-equity-funding/
I think most here would agree with that statement.
This is a great business at identifying great tech with great business potential. But obviously, they've failed over and over under this leadership, suggests to me that they're are top academics but poor business minds. Bell' is a great example, loads of potential in a huge market and look at where it is now. I hope I'm wrong but I wouldn't be surprised if we see the same performance from Microsalt unless the talk of orders comes to fruition soon.
The number of times I've read here that the charts suggest this and now is a great buying opportunity. We've had a buying opportunity for two years now, but it never turns into an opportunity to make some significant profit.
Some major leadership and business model changes have been needed for a while. The self salesmanship and self-promotion needs to end, communication improved and a clear path into profit. This board would have been sacked by now in any decent size corporation.
Seamanp911 - you say: “Just seems ridiculously low now and a complete disconnect with the portfolio values.”
Not sure why you use the word “now”? It’s been like that for years. And there are several very good reasons why nothing’s ever going to change, unless Tek’s business model fundamentally alters.
Many on here heralded Lucyd’s IPO as a game changer. Which it was. Only not in the right way.
They then said Microsalt’s float would reverse Tek’s poor run & turbocharge the share price. It hasn’t.
Now we’re being fed some nonsense about AI (purely because it’s the latest buzzword) & are told THIS, Rodney, will turn things round for Tek & we’ll soon be millionaires. Most rational investors get the general picture by now. Tek simply hasn’t demonstrated with a single one of its existing holdings how to extract any shareholder value (other than to pay Clifford his overinflated salary & bonus). Until this radically changes, Tek continues to remain totally uninvestable in my book.
Agree CM , the only thing that stacks up for sellers is trust in the CEO or lack of it , we all see he continues to to pay himself handsomely and raises cash left right and centre with the outcome being a significantly undervalued company . I too have patience but recently changed my tactic around this . Just seems ridiculously low now and a complete disconnect with the portfolio values
I think that discount to Microsalt is a measure of the cynicism towards Cliff. I wonder what would happen if he said tomorrow he would take more of a back seat? Also would be interesting if Guident were to successfully come to market. Would then be even more undervalued.
I see it as emotional selling. People are getting annoyed. Personally i have a great deal of patience so i will just let it play out. It is at very good risk/reward here now, even for a cynic.
I think technical analysis needs to be given more leeway for illiquid nano-cap stocks.
Yes. Not churning at these prices. Just bed wetters and maybe some who bought at the very bottom and forget to sell. Can't fathom for the life of me why they'd wait until now but this is a highly volatile share. It really doesn't take a lot for it to bag 2 or 3 x either way when the hype kicks in. Gotta be some news soon. They have that way of not being too obvious (although we've seen it all before) and giving it a few weeks after a raise before cranking up The RNS-O-Meter. Let's have a look T where we are in a month
Agreed Topcatz but we'd expect the sp to be subdued after a placing but this isn't churn - it's offloading, surely any parties who took up the fundraise wouldn't be selling 100k chunks for 9p and 150k for 8.67p
It's below my trendline too but hopefully fake. Not unknown, breakingto the downside or upside. Doesn't want to be hanging around here to long though. Golden cross still intact too but again SP needs to right itself quick. It's a ludicrous valuation, given TEK is now funded and Microsalt alone is worth over £10 million more than TEK itself. Surely a decent buy even if the SP is telling us something different.
They'll issue shares at whatever price they can get as they need the money to fund Cliff's $250k salary & $250k bonus. Unless it's just currently being tested - the share price on the daily chart is now back below the trendline and all the moving averages, back to 6p then? Obviously drawing lines on a chart is subjective, someone else may draw it differently.
Nice story on the podcast. If they wanted to build the co Management should not be so eager to issue new shares well below NAV. Share issues betray their good story.
It's a shower of 💩, that's what is going on here.
You can buy at 9p which makes it microsalt worth 2p,i remember it being 7p pre ipo
Https://ukinvestormagazine.co.uk/generative-ai-london-ipos-and-growing-technology-companies-with-tekcapitals-dr-clifford-gross/
Aim is a summer time for AI company launch
Https://twitter.com/MicroSaltPLC/status/1768537895231533122
GLA
Spinal_Tap - it could.
On the other hand, so could the Guident, Lucyd & Salt holdings have been.
And look how they've turned out in terms of Tek's share price.
Good luck if you really added. I personally think Tek is totally uninvestable right now, even at this beaten up SP.