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Jamrock et al, if the stock market was the perfect arbiter of value, then anomalies such as Sondrel just wouldn’t occur.
The reality is, the stock market is often wrong, and sometimes very wrong. The reasons can be many. But human psychology and poorly informed participants are often the causes.
This is not always a bad thing as it creates substantial opportunities for the shrewd investor.
So, what’s the story here?
Sondrel, a leading provider of ultra-complex chips for leading global technology brands, and whose tech is reputedly part of Elon Musk's Neuralink™ brain chip, recently advised the market of the following:
• It had secured some interim financing with private equity firm, and cornerstone investor, ROX Equity Partners for £2.9m whilst it finalises a fundraising for an additional £5.6m, also with ROX.
• The fundraise will be fully subscribed at 10p per share. That’s a staggering 185% premium to Friday’s closing price of 3.50p per share.
• The £2.9m interim loan will be convertible into ordinary shares, at the discretion of ROX, and at a conversion price of 10p per share – a 185% premium to Friday’s closing price of 3.50p per share.
• Post the fundraise, and to finance the company’s ‘Transformation Plan’, ROX has agreed to provide additional funding of up to £1.5 million which will be subscribed at 10p per share – a 185% premium to Friday’s closing price of 3.50p per share.
• The Transformation Plan features the appointment David Mitchard (ex-Director of Maritime Services at BAE Systems) as interim CEO; the appointment of Graham Curren as CEO of Sondrel Ventures (a newly-established subsidiary of the company which will focus on strategy and business development); the appointment of two non-executive directors; and the proposal to delist from AIM. The AIM cancellation (delisting) resolution will be put to shareholders within six months of completion of the fundraise.
• The company has landed a significant order worth an estimated £18m to design and supply a next-generation video processing chip for high-performance professional video streaming solutions by an unnamed customer.
• The company has observed a strong demand for its 3nm design services for custom ASICs. 3nm is needed for the next generation of products, particularly AI-based designs that require immense compute power to process the huge amounts of data being processed.
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No worries, I’d suspect they would be interested also if the previous links are there and neurolink see a value .. not sure if SND takeover would fall under NSI and neurolink would have to go through that (not that it wouldn’t but can take some time). Do think there will be some sort of recovery play, if a buyer comes in shortly then could be a steep rise.
Thanks onetimepost
With SND having Tesla as it's client and with SND helping Elon Musks Neuralink company in Feb it surely puts them in the frame too ?
Sounds like talking about ARM who softbank purchased a while back (20 plus billion valuation I’m sure) sounds like it would interest them.. synergies is the key word, if they can add value or see it.
Thankyou Phrontsist
Who are ARM please ?
Real information about thinking of SND staff/director shareholders is non existent.
A hedge fund or financial operation is not going to buy SND because key staff will wander off to greener fields.
A technology company takeover from abroad will also have difficulty holding the business together.
A microelectronics company like ARM could easily make a success of a Sondrel takeover. There is synergy there and Sondrel staff would see a good future in staying.
Plus ARM and Sondrel are geographically close.
Phrontist
Whenever company says its going to potentially cancel share price tanks, but could be a great buy opp as cancellations need majority vote and no actual specfic date has been set here as of yet beside 6 months and needs majority shareholder approval ....DYOR
So if it’s funded at 10p why has the share fallen to 3p.
Am I missing something
Very much q buying opportunities as they are being funded at 10p by the long term funder BUT in 6mths they will then vote to stay listed or go private
All explained in the March 28th RNS
Hope that helps
In similar situation MEN has done 4p to22p and REDX 4p to 9p
I know nothing about this company but noticed a lot of buying. Can someone update me so I can understand the fundamentals as to how it fell from 75p to such a low share price.
Is it a buying opportunity!
Hence the possibility of a third party entering the fray
Could be 6 months away the share very cheap now
Not sure your question Onions ?
So what is happening then Einstein?
Elon?
That's not what is happening.
It's all in the 28th March update
If they have agreed to raise funds at 10p why sell at 3p? The Ceo will one day want out and best to just stay a shareholder and wait it out rather than sell for 70% less than placing price coming
Something doesnt add up
Sondrel is a national security issue with technology so advanced Elon Musk had to use them
Will its simply be allowed into the hands of a hedge fund????
Interested parties circling embattled British chip maker Sondrel. Recently it is believed that Sondrel solved some of Neuralink problems with their recent human brain implant which other chip suppliers could not solve. Neuralink Corp. is an American neurotechnology company that is developing implantable brain–computer interfaces, based in California and founded by Elon Musk and a team of scientists and engineers.
Neuralink had recently livestreamed its first patient implanted with a chip playing online chess.
By way of context, Sondrel is one of only a handful of firms capable of supplying the higher-spec chips required, others are in Asia but are considered vulnerable to Chinese interference
Flying higher
I agree
Glad CABP going well..I am researching it this weekend
If you want more info on PYC the recent inteirms and also YouTube of their investor meeting last month is a good starting point
I've set a sell order for 10p, but if you're more of a cautious investor, target 6p. I'm confident this will comfortably return to 6p and push on upto 10p.
Speculative perhaps, but imagine if this goes commercial with Elon. This is not a 3p share, especially with funding at 10p.
Buy now for goodness sake. I just have.
Happy Friday for your MEN profit. Great feeling when shares go up this much.
Agree that CRUX shares would have a buyer from MM`s.
CABP doing well Today. Expect them to reach at least £3 over the coming Months.
Congrats on MEN though. Well done.
Totally agree
And there is no way the Mms took on £200k+in shares from CRUX unless there eaas a buyer
MEN has done 4p to 19p
Hoping SND can too