Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Https://youtu.be/E1dA3Rv3Rek?si=qheksq888uTJuGOy
9 to 14 minutes they talk about obd and the problems
Whilst I can’t argue with the endless negative points raised you lot do kind of stink a bit . You realise none of you actually sound like genuine shareholders ? Just get over it , sell up , whatever . You all just sound wet behind the ears, you need to add a bit more desperation to the mix to make it more believable . Less deramping bots vibe know what I mean?
Burrows has created this negativity, due to his misleading quotes.
Not only that. They need to urgently ramp up sales to avoid further dilution.
This is where I think Oxford and the BOD will struggle .
They will need another £10m come Xmas.
If sales are poor SP will be down to 2 - 4p at best
The city won’t be in a hurry to fund them again.
Dilution will be unprecedented
Burrows need to find a very big hat to pull an even bigger rabbit out of it to survive.
Have to agree with that Dibs. New all time low being hit today speaks volumes. Even if we put aside problematic directors and broken promises including claims of non-dilutive funding, it's understandable sentiment is shot to bits when there is absolutely no visibility on this breaking even, let alone generating a net income. With financials as precarious as this, market all too aware further fundraises are an inevitability.
What is hard to stomach Dibs is folks who sold out either in the aftermath of the prostate test launch news or in the aftermath of the maligned results announcement still sticking the boot in weeks and months later.
I suspect that management is well aware of what it needs to do to gain the traction required. The question is whether they can deliver it. They're well incentivised on a couple of fronts, so for investors it's a case of waiting and monitoring progress.
As hard as it maybe to stomach for traumatised holders this is STILL overvalued based on sales/revenue with no prospect of an uplift in either.
Sorry Chaps. My bad. Forgot about the i.pact and timi g of tĥe dilution.
@Kingalf it presumably matters to everyone who's been raising this today. Director holdings are significant enough to require a RNS, so they also matter that much there are specific regulations around them. If they don't matter to you, that's an issue only for you.
@serendipity the far right box gives his latest share count. It shows 6,603,082 shares.
Correct Serendipity. Today's TR1 reflects the dilution caused by the VCT/EIS issue.
Kingalf's point also relevant, particularly in the context of AIM. Hopefully the company can get back on track after the hiccups of the last results.
Does it really matter 404, we are only talking about 30k worth of shares. Focus on the bigger picture, the bods own around 12.9% of the company which in my eyes speaks volumes.
At least they have skin in the game compared to other AIM directors. Patience my friend, this will come good in the end.
His holding before fund raise = 6,603,082 shares
333,333 shares purchased in the fundraise
New total = 6,936,415 shares, 2.2% of the company after fundraising shares admitted on Monday.
No shares sold as far as I can see.
If this RNS is only reflecting the enlarged share count rather than him selling, why would today's RNS show him owning 6,603,082 shares, rather than the previously stated 6,936,415 total including placing shares?
I'll try and download the relevant one
No shares have been sold.
Read the last 2 RNS releases and check the names and numbers for yourself.
In summary it's a massive opportunity for OBD's new technology, they just need to pull their finger out so that their salaries correspond to the value they give to their shareholders.
What can be done to cut inflation? That is a question haunting central bankers right now, given the “disappointing” trajectory of consumer price data in America, among other places.
It is also worrying politicians such as US President Joe Biden, against a backdrop of a high level of voter discontent about the economy. Investors are uneasy too. This week the gold price hit record highs, amid a search for inflation hedges.
This is, in turn, prompting some classic policy responses: on the one hand, the Federal Reserve is pledging to keep rates high to curb demand; on the other, Biden is lashing out against big business for alleged “price gouging” and/or deceptive practices such as “shrinkflation”, or selling fewer goods for the same price.
Cue a recent bizarre spat about the size of a Snickers bar. Biden suggested in his State of the Union speech that these have shrunk; Mars, the maker of Snickers, denies that.
This war of words makes for colourful debate. But as the Fed’s headache deepens, there is a far better way to frame the issue — by invoking what economists call “shrouding”. The term refers to the way prices are presented to, and concealed from, consumers, and has been widely studied by behavioural economists.
Back in the 1980s, for example, the late Daniel Kahneman worked with Amos Tversky to explore “price partitioning”, or how companies sometimes price products in multiple steps, making it hard for consumers to evaluate costs in a “rational” manner.
Hotel rooms are one example from the service sector: a low initial charge might carry subsequent high additional fees. Printers are another: a cheap printing device might require expensive ink cartridges, the cost of which are not readily visible upfront. Shipping costs are yet another example.
A cynic might shrug at this, and argue that it is just sensible behaviour on the part of profit-seeking companies. Maybe so. Consultants such as Deloitte have offered advice to their clients in recent years about how far companies can use shrouding to raise margins, without sparking a consumer backlash. But the mere fact that shrouding still exists in 2024, four decades after Kahneman and others began studying it, underscores three important points.
First, business competition does not always deliver true efficiency; markets can fail. Second, this market failure arises because consumers are not the all-knowing rational agents that they appear in economic models. They have cognitive biases that lead them to make poor choices and leave them ill-equipped to make judgments about inflation.
And third, digitisation alone does not magically fix these competition problems. Yes, it can create more price transparency in some arenas, such as airline tickets.
I think the sale is potentially connected to the end of the tax year and taking profits on around £40k's worth of shares to reduce cgt liability. The quantity is not really that significant wrt his shareholding imv.
You're probably all aware of this already, but for those who aren't
109,552,235 new shares were issued raising approximately £9,859,700
Previous share issue stood at 202,303,415 and now following a 54.1% dilution we have 311,855,650 shares in issue.
The bods own 40,294,075 representing 12.92% of the company.
With all respect, I believe this TR1 has been misunderstood.
From the fundraising results RNS.
"Applications will be made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM. It is expected that VCT/EIS Admission will become effective and dealings in the VCT/EIS Placing Shares will commence on 5 April 2024 and that General Admission will become effective and dealings in the General Placing Shares, the Subscription Shares and the PrimaryBid Shares will commence on 8 April 2024, subject to the passing of the Resolutions at the General Meeting. The Placing Shares being issued pursuant to the Placing, the Subscription Shares being issued pursuant to the Subscription and the PrimaryBid Shares being issued pursuant to the PrimaryBid Offer will, on the relevant Admission, rank in full for all dividends and other distributions declared, made or paid on the Ordinary Shares after such Admission and will otherwise rank pari passu in all respects with the Existing Ordinary Shares."
So the first of the placing shares have hit the market and these have diluted Dr Akouitchev to 2.99%. His shareholding is the same as before the raise which suggests he has yet to receive his 333,333 parcel.
There is no indication whatsoever that he has sold them straight away. He could receive his stock on Monday for all we know but whether he crosses back over 3% will depend on how much stock is admitted on Monday.
Are you sure about that Dug? Is it not that he simply did not participate in the most recent share issue to a sufficient level to maintain his % shareholding in the company? i.e. he was diluted?
Co-founder and Chief Scientific Officer.
Bought into the placing at 9p but apparently only fo appearances sake. Selling off as soon as the SP dropped back to the placing price is not a vote of confidence.
It's all a bit tragic. Good science going to waste because they are clueless about commercialisation.
When the co-founder takes his holding just below the declarable level of 3%.
As a brief follow up to my GP visit , I sent him an extract from the rns that explains the PSE test within the context of PSA testing an d also a link to the company's website. I feel that I have likely achieved more than the OBD marketing team and will keep banging the drum with friends and family . I only wish I could see more results from others!
Unless the board starts posting regulary and very positive trading updates, mainly on test sales, I really really cant see the share price staying at this level.
it will drop quite significantly on very few positive trading statements.
I think the markets can see Oxford are not treading water .
No doubt any negative problems that will be anounced by Oxford. None will be the boards fault !!
It will be anything but theirs.
Hi Taverham
I`ve been following Oxford on Linkedin and very few people few their posts,
The vast majority that do are generally emploees.
I feel that Burrows has made such a mess of this that very few people care about the company anymore.
I`m really not sure they can come back from this fiasco.
Not enough sales by september, and profits being made, another funding round will defo be needed by december and how I see it the shares will be much lower than this.
That means a far greater number of shares needed to fund Burrows and the boards wages for another 12 months.
Will the company crash or go private, either way its not look good for shareholders.
The stratergy the board has implemented and Burrows arrogance has cost us all dearly.
Kong
Kong, thanks for the linkedin info - not many people have viewed it ,in fact it is clear that not every employee of the company has viewed it let alone reposted it!