Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Bounced nowow
This is the problem. We don’t know if a bounce is truly the bottom. Usually most bottoms are a double bottom at least before the real bounce
Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=SND.L
After a promising start this week the British Bulls have today issued a short recommendation which is a bit worrying. Shame because I really hoped we’d be above 5p by now.
Thanks for your reply. If I could ask Curran is why will there be no facility to sell as with the likes of redx. It's almost purposely trying to wipe out all the small investors.
Longfell, I haven’t decided yet. I already hold shares in three unlisted companies, so I am not unfamiliar with that situation. However, those are pre-listed (i.e. IPOs to come) rather than delisted, so are a bit different. I don’t have any basis on which to judge ROX and Curren by, other than what we have been told. It’s been presented as a fairly low key thing to date (i.e this is what we’re planning and we want an orderly transition) and Curren has seemed a fairly strait-forward chap to me in the video calls he’s done, so I’m hoping we may get the chance to ask him to address it directly before we have to decide. Well, of course, I’m actually hoping we don’t have to decide at all, because another party makes an offer they can’t refuse!
No I do not.
Rox with probably have 75%of the company anyway,(with a few more monthly cash loans and the big placing). They can do what they want. Any existing shareholders will be obliterated. There are ways and means..further dilution etc.
Only consolation is that the directors will probably be obliterated too as Rox will take everything imo.
@Sorcerer, thanks for your insightful posts. I was wondering do you honestly intend to hold these into a delisting? I'm quite concerned by the goings on here. The board seems to be colluding with Roxi here to steal the shares for nothing. Once this is private anything could be done and can you honestly trust them?
Curren has made a balls up of running a public listed company - tech guys often do - has lead the company to the brink and now has little choice but to take what’s on offer. 55p IPO 18 months ago, 3p today and near bust - what a muppet. In return he still has a shareholding and now gets to run his own Sondrel ventures sub - or in other words he’s been offered a role where he can doing techy things without doing any more damage and harm to the grown up proper business. That’s the brutal truth. Rox will turn this around and sell up, for multiples and maybe even vast multiples of its current value…
The puzzle for me is why the principle owners of the company are ceeding control and effectively selling the majority of the company( the exact proportion of the their ownership is increasing with every monthly fundraising as well as the big placing) for such a pittance. Rox is effectively taking ownership for 10m ( approx 100m shares at 10p ( and more besides if they are picking up millions at 3p ish after the company announced a delisting at the same time as a fundraising??????? and thereby trashed the sp ????????
You can see why companies are leaving aim and why trading is much lower than it was with the way they conduct themselves here with no regulation
So as a novice in this share can some explain why it’s struggling to pass 4p with all the positive tone. I have took a small punt here based on !. I truly stumbled on this and only hope all pans out. Am I correct that shares are to be purchased at 10p!.
Thanks Smart Money - you’ve made some very considered posts here over the past couple of days.
The following caught my attention on ROX’s website “Our approach hinges on forming strong partnerships with visionary management teams and co-investors to create substantial value by anticipating disruptive trends in carefully selected fields. Through shared financial interests, we build robust alliances, valuing these relationships as pivotal to our success.”
SND obviously perfectly fits with their strategy, but I also thought the emphasis on partnerships and co-investors was interesting.
I’m still fully invested too and feel there’s a lot going to happen in the coming weeks. Not least the next contract announcement. We know there was at least one more significant US deal in the final stages of negotiation a month or two ago, so that could drop any day now. How is the market going to react when another deal that could be worth $20m to $100m lands?
Take C4X Discovery, Molecular Energies, and Redx Pharma for example; a week after their delisting announcements, the head honchos (Clive Dix, Peter Levine, and Lisa Anson) swooped-in and picked-up stock at ‘fire-sale’ prices, and after unsuspecting private investors lost their shirts through panicked sells. Utterly reprehensible! But that is capitalism for you. And the stocks are now trading significantly higher than their ‘delisting’ trade prices, despite inching closer to delisting. This means that, investors are now prepared to hold privately marking a significant step change in the investment culture.
So private investors are not going to fall for the copper-plated nonsense being spouted by some of these greedy actors who want to steal the business under their noses.
And Sondrel, which is incredibly undervalued across all industry benchmarks, and probably the most undervalued chip maker in Europe, is going to trump all these companies and change the narrative. Watch this space.
And yes, I agree – this is what makes the current situation with SND so interesting.
AIMHO.
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