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Big bang
The money
The 5 million POUNDS raised
It ain’t there
It’s gone
The company are done
Humm – This news was semi expected with the months of silence and explains the drop to below 20p over the last few months as people in the know, made their move, and took a short-term profit.
The debate is how much this news is already priced in as most of us were expecting the worst as the months passed by.
Again, technically they should have kept ALL shareholders advised over the past number of months throughout and a bit naughty.
How much the market reacts in the short term will be interesting, but at least we have official confirmation of time scales which sometimes helps! The next few days will be interesting.
Rather than acquiring TMT we should have done a larger placing earlier and got on with delivering the business plan. TMT had us over a barrel and milked us. Anyways, going forward, as long as there is no further placing, and as production has moved mainly to China with a view to increasing gross profit, if sales kick on and other costs are tightly controlled, this should still come good. As ever, patience needed.
It’s not all bad
My phone still works
10p at best
A total dud
Salvage what you can
Where did the 5 million go
I guess we shouldn’t be surprised but they could have managed expectation’s by proving short updates through Q1/24. So much relies on confidence yet their lack of communication until a nasty surprise provides none!
Not the news we were waiting for
I thought the same but in keeping with BELL’s style I thought I’d tell you about how well egg production is expected to be going, the worldwide places we can sell eggs to then promise you an egg tomorrow
I expected at the very least a thank you but we will update the market soon. They did get the share quantity out so must have too been busy adding them up to be polite and reply. :) no egg for them.
Cheeky penny drop too
Doubtful
Until we hear anything we must assume nothing
The longer the wait the more information void is filled with people like me
We have essentially heard sod all in terms of sales for 14 months
And that was codswallop when they released updates months later
But nice to see you all looking
Happy Easter all
Question is, is there even anything going on *with* it ?
They need it
Nothing going on without it
I think the only thing they’ve been doing in the meantime is snoozing
Doubt we'll hear anything till after the 4th April once offer is formally closed and dusted, do they need these funds to scale or have they been able to sell some in the meantime is the question??
That’s March gone
I notice another 100k shares were hoovered up at 19.5p on Friday, in the usual buying pattern as before, but still no RNS re crossing of the 1% barrier re major shareholders.
Maybe, one of the TMT lot have formed a new limited company, say in their partners name as shareholder/director – thus could buy another 4.92m shares (3%) without having to report via RNS?
Or maybe its just my imagination / conspiracy theory due to lack of information, coming forward.
I can’t believe nothing is happening with £5m in their back pocket – time will tell, but when is anybody’s guess when...hopefully in the next month or two!
Also… you rate it as ‘unbelievable’
That is spectacularly unfair
It is all we have ever had
Update due 2026
6 months after bankruptcy
All we all know is that there is no good news to share! Zero downside to sharing good news!
What they are waiting for is some good news to share!
Clearly done sod all whilst waiting for funds.
So now I assume the well rested staff are busy making as many as poss to fill the orders they have!
I assume next update will be on production being in full swing. For that they will need some ‘full swing numbers’
In essence in last 18 months they have made hardly any and sold less than they have made!
But I stand to be corrected
Cheerie as always
Unbelievable lack of communication from the business here! It's very easy to provide simple updates on a regular basis but nothing! I assume no ones bonus or pay structure is SP related.
Or maybe it could just be next week....
It’s now or never - and that’s the truth of it
I emailed them this week to remind them that its been 7 months. While they will not give me a date it might make them think to communicate. That or they leave to the 29th June like last year. It would have to be 28th as that's the Friday. That usually indicates going concern worries which should not the case this year with TMT funds.
Theboyg – oh ye of little faith!
Ever the optimist…not!!
I think they made good progress prior to the £5m fund raise, and hopefully things will start to move in the right direction quicker over the coming months.
But you are right, why they must behave like the ‘Secret Squirrel Club’ is anybody’s guess!
It doesn’t help their cause, and they should keep all shareholders advised of progress…not sure if it is on purpose or simply naivety!
Add in the company have no interest in you.
No updates whatsoever. The whole thing is appalling
But you only need to see the absence of any January update to know how bad things are
Any good news would have been advertised fella under their ‘jam tomorrow’ updates
For me, if the next update is anything other than glowing, they are finished. This will be 12p if there is anything other than good news next time. They are out of excuses
Maybe they are content to just wind down the money on salaries u til it’s time for you know what
But wealthy people entrusted the small slice of their funds. Some of it protected if bankruptcy looms I think
But they must have seen something
Fella
No hope in 6 months sadly
30p in 6 months
This is not allowing for the appalling production and reduced price sales
45p is distant dream unless Phillips offer a take over
If they I reckon 50p offer and get talked up to 60p
That is 100 million valuation
But 45 in 6 months
Not a hope