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Meatly is dog food which is the point I was making. That should be the first commercial product off the shelves. Sure for human stand alone food products bring in the food critics, but meatly and liberation labs won't be in that space for a while.
Just to be clear Peterrr - are you saying you don’t see the point in food critics being able to sample the ‘human’ menu offerings? If they want humans on board then they must allow them to sample the food and have taster offerings as part of the process. Same as you would have had for other product that is now considered mainstream.
Dogs will eat pretty much anything ‘meaty’ or otherwise - they really don’t care. It’s the owners you need onside
I don't any of the dogs attending meatly's launch are going to be turned down so we should be OK at least for that one. Same with the other food additive development such eggs to be used in mass production. Unless the food critics want to chow down on dog food.
Https://www.telegraph.co.uk/columnists/2024/04/07/william-sitwell-meatable-laboratory-grown-meat/
I’ve been struggling to understand exactly what liberation labs is doing. This article was helpful:
https://www.fooddive.com/news/precision-fermentation-help-nth-bio-liberation-labs-synonym-capacitor/636320/
Costs would have been known pretty close but maybe they were angling for a bigger grant or commercial loan. Anyway I'd take this over a buyback for use of funds, but kitty must be looking a bit slim now.
‘Liberation is set to be the first company in Anic’s portfolio to become cash generative’. I’m sure Jim says that about every company in the portfolio! Going to be a very long road that’s for sure
....or there is also the possibility that costs are overrunning on the current build project and they desperately need more cash to pay the contractors and keep the job moving.
This latest investment is surely a massive show of confidence
Thanks for that
Yes after SND and the Redx I was just thinking 'damn this whole private thing'. it's a whole new area of risk to consider. and very hard if - like me - you are not super literate about how these situations evolve. I guess because JM does not inspire too much trust and because of the (failed?) share buyback project - I just thought they must be a bit frustrated. and they won't like it if the sp is lower than NAV - then we get a great deal - I just don't think this system is designed for small investors to get a great deal. but...hey...please keep sharing information. it helps.
does anyone has access to this report?
and
is canacord genuity actual independent to agronomics and jim mellon or do they have any reltationship?
https://*********************/companies/uk/agronomics-limited/research/canaccord-genuity/emphasising-precision-fermentation-and-portfolio-progress/85_12d4a96b-5f81-402b-a464-0cf3f302435d
Yes, VOW is progressing nicely!
Hi,
anyone here with access to the new report published by Canaccord Genuity? I heard they have released something on ANIC earlier today but can't access due to their paywall.
Not sure if I'm remembering correctly but is there a load of share waiting to be cashed at 17p?
Was it put back as sp was too low?
Can't find rns....I could be wrong
I'm also not comfortable with the apparent conflict of interest, it would need to be declared at pretty much every board meeting. However I think the core portfolio is generating sufficient momentum and excellent press coverage that at the end of the day there will be enough of the pie to share around so we can all get a feed.
Just Google "new agrarian company" and a host of links will come up..also can ask at the QandA about it.
Do you have any source link in order for me to be able to do my own due dilligence?
New agrarian was set up for jims private wealthy friends to invest in what was supposed to be for us retail. They get to pick and choose first maybe I don't know. That and the payments to shellaby came when sp was high and AIM had money so didn't seem AS bad. But now.....
@Dearmal
What is this Agrarian. Do you have any link?
Because I can't find anything about it online.
Yes, most of their portfolio companies will do additional funding rounds and there are soo many more companies being incorporated in the space. Better spend the cash in investments!
I'd prefer they kept the cash for new & follow-on investments.
Best case the buyback would temporarily shift the price up a penny or two..
If I'm correct when I first invested in 2019 there was no nice payments to Jim at NAV and no agrarian. Since then it's peaked and dropped to price now through mistrust in Jim's lack of care to new investors. You can't mention a buyback and then....nothing!
The Q and As at this investor meet need to show that.
They tried to go private back in 2020 but was voted down. I can’t see how a board can recommend this option right now given the price action on C4X and RedX - obviously the insiders could just scoop shares at 2p from panicked PI’s but previously ANIC did offer to tender at a premium to NAV. I reckon there’ll be class action lawsuits w.r.t. some of these recent privatisations without a tender offer.. FCA should definitely take a look.. managenent sold this investment as a vehicle for retail to get exposure to an evolving field so they should honour that. The plan seems to be to sit on hands with the £30m cash and wait for price to recover to NAV type levels - I think with some progress towards commercialisation this year then we could see that.. maybe Meatly?
Surely if they did they’d have to pay NAV to the current shareholders? Not sure they’ve got the cash for that. Besides they’ve got the other company (Agrarian?) that is for private equity investors