Firering Strategic Minerals: From explorer to producer. Watch the video here.
@clenchedcheeks. It seems like desperation rather than “confidence in the products” !
What exactly was the point of the TMTA acquisition?
No wonder, when there have been absolutely no shareholder or market communications since the monstrously disastrous April RNS which successfully disintegrated the market cap of the company. That seems to be the only achievement to date of this inept Board of Chipmunks.
For just how long do shareholders need to put up with this Board of Chipmunks ? Change needs to happen from the top. No investor will take this company seriously otherwise. As @theboyg noted, the next RNS is inevitably going to beg for more money, (perhaps so CEO can buy some Dom Pom to sip from his bubbling hot tub?) so we can expect that there is still quite a way down for the SP to go.
Buckle up and GLA.
AIM - LOSERS
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Tekcapital PLC, down 9.2% at 10.90p, 12-month range 6.00p-18.00p. The intellectual property investor reports a weaker net asset value3, as it notes "unrealized reductions" in the valuations of investee Lucyd and Belluscura. Its NAV per share falls 29% to USD0.27 at the end of 2023 from USD0.38 a year prior. Its portfolio valuation declines to USD41.1 million from USD54.9 million. Tekcapital adds: "In 2023 we had a productive year for long-term value creation, setting the foundation for meaningful growth in 2024 as evidenced by the successful flotation of Microsalt PLC post year end. Our portfolio companies achieved significant milestones, however due to unrealized reductions in the end of period quoted valuations of Lucyd and Belluscura, our profitability, net assets and net assets per share were commensurately negatively impacted." Belluscura is a respiratory medical device company. Lucyd is an eyewear firm.
This entire thing smells of fish…
They’re going to screw us over yet again because they need more cash. Waiting for the news to drop any day now.
This has got to be one of the most moribund tragedies of the AIM. Disgusting bunch of pathetic pussies on the BOD. (Not to mention Dodgy Bob ofc)
All super encouraging chum (and I deeply admire your sector knowledge-even if it exceeds your spelling and grammatical skills from time to time!)
However, the SP remains in the doldrums YEARS after I initially invested-after which it clearly very nearly went bust, but now appears likely to AT LEAST survive-but my Central London apartment purchase, based on my gains over a decade of patient investment, still look like a cloud dream!
This must be an “ open goal” acquisition for someone prepared to break up the assets, fire the largely useless BOD’s and pocket a very material gain.
To even us totally uninformed PI’s, it is glaringly obvious that this bunch of corrupt clowns who purport to be a board of directors (I wouldn’t even employ them singularly or collectively to run my 5 year old niece’s play coffee shop - they’d run off with her 50p profits!) will yet again be running out of money.
I hope that the recent technical rally in the SP isn’t a precursor to another deep discounted share sale - which will collapse the SP back down to low single figures.
Reading through the TEK BB and it quickly becomes (even more) evident that nobody has any faith in the CEO or indeed any of the board of BELL. It is career - and investor - suicide being involved with this bunch of sleeping slacks. But the board don’t care! As long as they can draw money monthly from this dumpster fire, they can kit out their Clive Christian kitchens with Jeff Koons Balloon Dogs and Crystal chandeliers.
Sadly it’s the investors who have been manipulated into thinking that this was a good investment, that are the ones to suffer. Perhaps we too should join the board of some sinking ship of the AIM backwaters and draw wages for sailing around doing sweet F.A. I’ve always wanted to go a river boat cruise - the added daily feeling of impending doom ought to make it much wilder journey than I could ever imagine….
Congratulations rucking plumb - but you haven’t “banked” your lovely 20% profit until you’ve sold them….
…highlighted by a total and ignominious failure by any / all NINE men on the board to make ANY effort to turn around the share price and communicate with shareholders. Too busy drinking warm milk in their slippers watching re-runs of the Lone Ranger I imagine.
The two evidently top-notch brains that were added to the board during the dodgy TMTA acquisition have also stayed silent. I assume that they deeply regret becoming involved in this poorly-run debacle. Perhaps if a woman had been appointed to the board, they would have shown some integrity and responsibility for shareholders.
There is more chance of a Lone Ranger galloping up on his horse to save this fiasco than there is of this collective bunch of numpties working together successfully to restore shareholder confidence and value.
Agree @theboyg - money is still being spent now - on wages for all the ‘top talent’ here - to start with !
Perhaps they will pay for the team - and board - to buy some morals which they clearly are missing….
…or drowning at 0p ? What’s your guess ?
Hi. In the TU dated 2nd April, it was mentioned that retrospective warranties for products would now be issued for products supplied to people pre-2023. This suggests to me that product flaws have been identified and that this has now been put in place to cover any further defects or issues with design / function....
Run by a bunch of imbeciles - no news and nobody willing to take responsibility for the total and complete FAILURE of this company (they clearly don't give a F about investors). Sadly it's the only company I've had the misfortune of investing in with nothing to look forward to - no break even in sight, no promising contracts, no innovative products which work...........I sincerely hope that this board puts any potential investors off making the mistake of investing.......
Positive news - regardless of all the buzzwords ! :)
stay away from this dreadful business.
where to begin?
- missing $2m from its latest incestuous fundraise via tmta
- sp dropped over 70% in 2 days and nobody has been held accountable (in fact, there has been no comms whatsoever - who the bloody hell cares about investors ?)
- ceo is completely inept and it’s laughable that he is continuing to lead this company despite its market cap over halving in a day
- the board are too busy asleep / on holiday / focusing on other businesses to actually get this in order
- product pre-2024 has been found faulty which leaves the company liable for enormous claims
- a new fundraise is likely needed to manufacture and make products to fulfil any (few) orders the company has - i assume they have lost any hope in this company sorting its **** out
i could continue but i’m getting motion sickness looking down and typing on this slow moving train…..
And we’re in the middle carriage…
It’s really quite distressing - particular as the FTSE hit an all time high. Obviously no knock-on effect with AIM. Hopefully this isn’t another Bushveld Minerals 2.0. Was 12p our all time high and we will languish around these low numbers forever more? Break-even can’t come quick enough…