Member Info for AConceptIsABrick

I’m so far under water with this share (ditto BELL to be honest) that it almost doesn’t matter-but I do genuinely think that this company has been so abjectly mismanaged (the latest sale of 3.5m BELL shares at frankly “any price we can get” being the latest example) that going bust is a very likely scenario.

There is absolutely no certainty that an IPO of the micro cap salt business will even get away (there has hardly been a single IPO in London for months) and even if it does, the opportunity to sell many shares will presumably be extremely limited.

Meanwhile the glasses business is going nowhere, BELL clearly by it’s own “purchase” of TNTA is skint and it’s any bodies guess as to the value (if any) of the motor parts outfit.

Once upon a time, prospects for TEK looked good-but repeated errors of judgement and timing have seen us to a share price of 6p-which even now may be overvalued.

As for the CEO receiving bonus payments. There are no words!

How much more selling does TEK need to do ?

Won’t take long to get to single digits

If I try to be more considered (rather than ranting on here haha) in my frustration and confusion regarding this transaction, (BELL/TMT), I think that it's quite bizarre that both companies have the same broker. (perhaps this is at the heart of the delay / problem ??) It looks like both companies also have common shareholders, and whilst the deal very much appears to favour BELL giving them easy access to almost £5m of cash sitting in the TMTA shell, one has to question what's actually in it for minority TMTA shareholders, many of whom invested into a company with a seasoned BOD and an ambition to do something more imaginative than to 2 years later sell their cash for a small premium to another AIM company that is hardly going from strength to strength! Perhaps the same thought is occurring to the TMTA board or the regulator of such transactions. Whatever the reason, an update needs to happen WELL before 4th March when this Takeover Extension Offer period allegedly ends. I don't want to hang around this share beyond end 2024 and I'm sure not many others do either.

That’s positive news! Do you think that it needs to be passed by the Senate before Nov 2024 and is this possible ? (I’m unsure of the law making process in UsA but let’s hope that it can be legislated before the election!)

Another day - another week - goes by with no news. As time progresses, I further question the moral and professional principles of the team ‘leading’ this company who seem happy enough to leave PI’s in the dark - yet no doubt ensure that their own pockets will be indeed lined. Had I not lost over half of a pretty large investment (in terms of my own investment portfolio) in this company, I would sell out and never look back.

Are they even in compliance with LSE protocol ?

My trading platform sent me a message saying that the Takeover Extension Offer has been extended to 4th March 2024. So until then, I guess the deal could still collapse. Not really great news tbh - no news likely until then so probably an equally as dismal period for the SP….looks like it could fall into the teens. WHAT THE HELL IS GOING ON WITH THIS DOG OF A SHARE??? Feels like PI’s are being messed around royally by the board. TMTA/BELL should have released an RNS announcing that the possible deal is delayed rather than letting our trading platforms / random press - tell us…

Isb1974 - have you fallen off the Dry January bandwagon ? £1 a share now feels like only a dream…… :(

Maybe CFP took over their Twitter account…

Is this a joke ?

So are the car manufacturers - with whom the responsibility for compliance lies - just dragging their feet and not bothered about meeting the impending July deadline? I just can’t understand why only 3,000 out of 330,000 are agreed to be fitted. And what about those vehicles on the road which will need to be fitted retrospectively ? Everyone seems very chilled out about meeting this mandatory deadline ?!

Of course, if this is such a big market opportunity, you would need to expect that there will be many other players in the game and not just us. I would have hoped however that as we have such extensive research under our belts, an apparent best-in-market product and a solid management, that we would be the market dominator.

Only a year or so more until we find out !!

If all commercial vehicles need to be retrofitted with DMS by July 2024 - 6 months from now - why are these companies so slow ordering ?

“In 2023, it is estimated that over 330,000 commercial vehicles were manufactured[1], and every vehicle will need technology that reliably detects and responds to driver drowsiness from July 2024, escalating to distraction from 2026.“

Sounds like 3,000 is just the beginning…..here’s hoping!

Https://www.barrons.com/amp/articles/ces-qualcomm-ai-cars-a5165e02

https://www.computerweekly.com/news/366565693/ces-2024-qualcomm-claims-new-era-of-mobility-and-inks-bosch-deal-for-digital-****pit

We need consistent big wins, not just one from Magna to sort us out. Look at SEYE who are gradually falling back and will eventually have lost their 30% in a day gains they made upon announcement of their last contract. This whole thing is beyond frustrating now.

I didn’t realise Mobileye were a competitor for OMS, I thought that they focussed on external sensor cameras?

We’re backing the wrong horse…