Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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From new website Acquisition timeframe The Company is required to make an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its Investing Policy within 12 months of the General Meeting, failing which the Ordinary Shares would then be suspended from trading on AIM. If the Ordinary Shares are suspended, the Directors believe that they would then propose to convene a general meeting of the Shareholders to consider whether to continue seeking investment opportunities or to wind up the Company and distribute any surplus cash back to Shareholders.
New website launched today at www.evocutis.com. Lots of words but no content. I can't see this lasting much longer.
Yes I think this is illegal, to have a website promoting Labskin, when EVO does not own it anymore. I will be contacting Trading Standards.
Why is the EVO web site still up? Surely this is misleading to any customers wishing to contact Venn? The decent thing to do would be take it down ASAP and replace it with a forwarding message. Even the Google map on the Contact page says it's closed!!!!
anyone with more £millions than letters in their names? MortgageFree was told by “I made £200m out my last company” Humphreys that he was confident about EVO back in July. Besides the blatant dishonesty of this answer, maybe we should have asked him to invest just 1% of his fortune. But he obviously thought the risks were too great as the company was run by a complete incompetent i.e. himself!
Grrrrrrrr....
I bet the guys who originally set up the business could happily wring the necks of the BoD. Humphreys & Co can now sit undisturbed in their darkened office and play with their (our?) money until they disappear up each others bums. But now we know the address, we should release the hounds (i.e. Jimmywotsit) to give them a fright.
Quite fair actually.... When rats are eating your bread you normally put out the poison..!
Address could be a seedy flat above the bar.. A gentle descent toward the inevitable... But the bod need jobs and who else is gonna take em after this debacle..!?
Address seems to be a bar ... P**sing it up the wall now lol
There are 175 million shares in issue.... The current (joke) SP is 0.27 but in reality you'd be lucky if the mms gave you the bid which is 0.25.. So... By my calcs evo is worth 175 million pence divided by 4 (a quarter - 0.25) Which is approx. 44 million pence or £0.4 million, £400000! FOR WHAT?! A bunch of idiots in what remains of a boardroom, lets face it they could have that any place in the building now since its EMPTY! You lot clear off and hand that £400000 back to the remaining holders... Nobody wants you anymore... Nota single holder wants to have anything to do with any of you... Get the blee-ding message and clear off! Thanks
Anything will be better than Humpty Humphreys & Co. For a start VENN seem to have better qualified people with experience in relevant markets. But they'll have a job on to get it going again. I wonder if they're talking to Dr. B? I just hope VENN don't start talking about "shareholder value"!! Doh!
Thanks for reminding us! But it nicely highlights just how bad bad bad the BoD of EVO have been. How on earth were they allowed to keep their positions throughout all this? One thing for certain, whatever happens, VENN can't do any worse. Which is a positive - I think?
EVO bought LabSkin for about £1m. It was fully developed when they bought it so they didn't do anything for 3 years other than spend £3m to end up selling it for £200k. EPIC FAIL! (as us kids say).
I would add that it hasn't done VENN's SP any good either. It's probably the kiss of death.
http://www.investegate.co.uk/venn-life-sciences/evo/update-on-the-acquisition-of-evocutis-plc/201403181446566000C/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Venn Life Sciences%20Alert If my calculations are correct, the VENN shares that are going to be issued makes you EVO Shares worth 0.12p, less than half today's closing bid price. What an absolute SHOCKER. I doubt that anyone will disagree.
Steve!! I'm doing just fine thanks. I sold out of here last October at around a penny. That was a sad day.... Me and they guys on here just couldn't believe what had happened... A couple of times I could of took 15k profit instead of losing 20k. So what's the moral of my sorry tale... If you see a big fat juicy profit.. Take it because it might not be there tomorrow.
Hi Baker01...how are you keeping. sorry about EVO.
EVO will soon be put to sleep, Of course once all the money has gone.Knowing how the BOD of directors have strung its shareholders falong for the past two years, probably will be another 2 years before EVO is eventually gone. But be rest assured the BOD will be seeking value for its shareholders, I think the value might be £0.00.
I really don't think it's fair that's you assassinate the characters of the BOD in such a public way ... So let me do it.. BOD... Your rubbish :-p
I’m afraid it’s because they couldn’t really give a toss about “shareholder value”. It’s a game to them, where investors are just mugs who are willing to keep the illusion going by buying and selling. They never connect with us because they never meet us. Let’s face it, they were quite happy to shaft their employees who they saw every day, rather than admit they didn’t know what they were doing. Live and learn. Live and learn.
Agreed. But sad that we still feel the need to comment? |’m sure we’ve all got the members of the BOD on our radar and will avoid them like the plague in the future. For the record (& search engines) the culprits are Gwyn Humphreys, Tom Bannatyne, Darren Bamforth and Mike Townend. These names are from the EVO website, which is still there in all its misleading glory! But they are irrelevant now. I hope Venn use their cash wisely and make something out of LabSkin, if only to prove how much the EVO BOD fouled up. My advice to Venn is don’t dick about. It’s a good technology but don’t make the same mistakes Humphreys and co did. Listen to advice and get the sales machine going. In fact, take on Mortgagefree as I remember he had some good ideas on the subject?
bettertimes, you hit the nail on the head when you ask what happens to EVO now? It has a BOD of proven incompetents, no business plan and some cash, which no doubt will gradually find it’s way into their pockets (remuneration, “fees” etc.). Definitely unethical and self-serving. So they have to announce a proper plan for the future. How do they “manage IP” when a) they haven’t got any and b) they haven’t got the skills to identify any? Otherwise, everyone should just sell up ASAP and recover anything they can because this is heading for the bin. Pull the rug and vote with your feet!