Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
TradingLad - I e-mailed Tim Thompson and Harrison Gross, you must have been luck in getting a reply back from Harrison Gross within the hour as I have only had a reply back from Tim Thompson and that was just to say the company will strive to improve communications within the guidelines and then mentioned that there had been 27 RNS year to date and owing to Coronavirus they had not been able to put on any roadshows. I thanked Tim for his reply and said that a more cost effective method to keep updating investors and potential investors updated would be by RNS and Social media.
I sat back and thought are we being too demanding of wanting constant news flow in the current climate and then I thought no, there is one update we should have definitely had and that was for the user trial for Belluscura in February. There was also a statement made by Clifford Gross in a Sharetalk interview on the 7/5/20 that they were producing thousands of pounds of MicroSalt, three months later and no update.
They at least posted the Lucyd update on Twitter yesterday. I know there has been a pandemic but the two products listed above should have benefitted, FDA clearance for Belluscura and increased snack sales during lockdown for Salarius. The company cannot make updates up but surely the user trial and SaltMe sales warranted updates.
I hope the company is getting our dissatisfaction relating to communications especially with Steviom complaint to the FCA. All investors want to work with the company who will hopefully see our messages, e-mails and complaints as actually assisting rather than being negative. We all want our investment to succeed
Adamsky
Morning all, hope everyone is well?
Guident
I saw the posts relating to Zoox being bought out by Amazon for $1.2 billion. Zoox at one point was valued at $3.2 billion, not sure if the settled lawsuit with Tesla had anything to do with the drop in valuation, this was for an undisclosed sum. Also remember that Zoox had already raised funds for $1 billion. Here is quite an interesting article, two months old, and contained within it reference to another purchase Amazon made for robot maker Kiva for $775 million.
https://www.bloomberg.com/news/articles/2020-05-27/amazon-in-talks-to-buy-autonomous-vehicle-startup-zoox
Lucyd
Nice to see an RNS this morning answering one of my questions of why the crowdfunding hadn’t been officially communicated. Only another two to go, one each for Salarius and Belluscura unless they provide updates at the AGM which is then RNS’d out along with the results. Like you I am not convinced that this is a profit making business unless someone buys them out for their IP. Please prove me wrong.
Everyone,
Thanks for your positive feedback , shall I keep moaning as the share price is up 9% ?
If they will only answer information that is in the public domain they better get an RNS out before next Monday answering our queries that have been sent ! As mentioned I cannot make the call but amongst all the questions we have one which they can answer is why have we not been informed of the outcome of the portable oxygen concentrator trial for Belluscura in February and if they say they cannot inform us of the outcome as it is price sensitive information then where was the RNS?
Like others I am heavily invested here and will be taking a more active roll in posting, sorry, and contacting the BOD and Flagstaff. Not too often as I will get ignored but hopefully they will take our comments onboard. They have got some fantastic companies but they just need to communicate more and get one over the line. I am not counting Lucyd at the moment as I cannot see it is profit making or will do much to the share price, please prove me wrong.
Just out for a walk, keep the faith.
Just sent this message to Harrison Gross and Tim Thompson of Flagstaff .......
Hello Harrison and Tim,
As a shareholder I am extremely disappointed with the lack of communication from the Company, some of which , I consider, should have been officially communicated by an RNS. The following are a list with questions for Monday’s call as unfortunately I cannot make it :-
Salarius - What has happened to the 25 companies evaluating the product, how much salt has been manufactured and sold and who to ?
SaltMe! - how many stores is the product stocked in, quantity shipped and quantity sold ?
Belluscura plc - what happened during the February user trial, why is the product nearly a year late clearing FDA ? It also appears the Company was ill prepared for the additional units required and doesn’t bode well for bulk manufacturing, how will this be resolved ?
Lucyd - why haven’t the Company officially announced the crowdfunding ? How many pairs of glasses have been sold and is this Company ever going to be a profit making going concern ?
Guident - won the Florida Atlantic University (FAU) Tech Runway® Annual tech Launch competition as one of the most promising startups in South Florida two months ago, the update was comprehensive but we have had no further updates relating to start date of the year long program, how Guident will specifically use this award etc.
Smart Food Tek - Any update on this product as the Copyright says 2018 ?
How many other products are currently being assessed to add to TekCapitals portfolio ?
Miscellaneous - The company’s communication falls short whether via social media or an official RNS. On AIM constant positive news flow is required, the share price is down over 50% from the recent high and nothing is being done to stem the drop. I would suggest more activity on all forms of social media even if it is one post every couple of days, even the same post across platforms. They needn’t just be about the company but items relating to the companies , similar to the low salt directive in Mexico. Each company needn’t do their own research do it at the TekCapital level. I believe in the company and it’s products, that is why I am invested here, but communications need to improve.
TradingLad, thanks received.
pwa2477 - I was questioning areas where I knew there should be news. Is there anything we think we should have been told and haven't relating to guident ?
Everyone might want to ask their own questions but is there anything else I should add or amend in my questions ?
Thanks
TradingLad, sent you a message via Twitter at 20:32 on Friday which in return you were going to send me Harrison Gross e-mail address, apologies if you have sent it as I have just altered the ‘receive message from anyone’ setting in Twitter if you could resend the info. I will e-mail him the questions below and also send to Tim of Flagstaff. Sorry to clog the BB with a direct request.
My questions for next Monday,
As a shareholder I am extremely disappointed with the lack of communication from the Company which many of us consider should have been officially communicated by an RNS. The following are a list with questions :-
Salarius - What has happened to the 25 companies evaluating the product, how much salt has been manufactured and sold, SaltMe! - how many stores is the product in, quantity shipped and quantity sold ?
Belluscura plc - what happened during the February user trial, why is the product nearly a year late clearing FDA it also appears the Company was ill prepared for the additional units required ?
Lucyd - why haven’t the Company officially announced the crowdfunding. How many pairs of glasses have we sold and is this Company ever going to be a going , profit making concern ?
Miscellaneous - The company’s communication is appalling whether via social media or an official RNS. On AIM constant positive news flow is required, the share price is down over 50% from the recent high and nothing is being done to stem the drop, you cannot manufacture news but from the list above there must surely be some positive updates.
Afternoon All,
I posted a couple of days ago about the lack of activity on TekCapitals twitter account and later the same day one of the links I posted, that you guys had found, was tweeted and the other one tweeted the following day, are TekCapital reading this BB ?
I also saw that one of the posters on here criticised them for how long it took them from the article being published to when TekCapital got around to tweeting it.
As mentioned I cannot make the conference call although I am trying to rearrange the commitment I have as I would like to ask them the relevant questions and try to put our point across that on several occasions when we thought there should have been an update there was silence from the company. In my previous posts I put the questions I wanted answering but I am going to combine them and make the point more relevant. I will post the question I have and also send it to Tim at Flagstaff to ask on the call.
I am also going to ask Tim if there is anyway we can have a direct contact with say Harrison Gross or someone within the company that a nominated investor/s could contact him with any query we have or if we find an interesting article. Maybe I am being naive but I would hope the company and it’s personnel are putting all their efforts into growing our portfolio rather than surfing the internet. We also need to make the company aware, which I hope they would be, that on AIM constant news flow, hopefully positive, is of the utmost importance for the share price to go up rather than drift down.
Hope you all have a good weekend
Questions
Salarius
RNS 24/01/20 - ‘over 25 potential customers are in the process of testing and evaluating applicability of Microsalt® for their snacks and other product lines’ —— where is the update on this ?
Sharetalk Interview on the 7/5/20 - Dr Clifford Gross stated that they were producing thousand of pounds of MicroSalt and generating sales —— why have we not been given figures/update via an RNS ?
SaltMe!
How many stores are stocking the product ?
How many bags of crisps have been sent to the stores ?
How many bags have been sold in the whole of June ?
What is the profit margin on the crisps ?
Belluscura plc
Vox Interview on the 26/2/19 - Dr Clifford Gross stated that FDA clearance Q3 2019 — we know about the current delay but why nearly a year ?
RNS 17/06/20 - ‘external supply chain issues which has increased the scarcity of certain key components, increased lead times, and reduced capacity at part manufacturers and testing facilities’ —— if we are having issues producing a small amount for the FDA clearance how can we go into full production ?
Lucyd
Why hasn’t the current crowd funding been relayed to the market via an RNS ?
How much have we spent on Lucyd, how many glasses have we sold and how much profit have we made ?
Are we just hoping that one of the big boys comes and buys the company for it’s IP ?
TradingLad, thanks for your questions. Does anyone know how the questions are asked ? Is it a free for all or do you have to pre submit them, the RNS does not state ?
I unfortunately cannot make the call but if it is a free for all, unlikely, is it best to get one person to ask all the relevant questions that are agreed on this board ?
I was going to ask Tim Thompson of Flagstaff relating to communications, mainly the lack of it, but after TL is drawing a blank maybe it is worthwhile highlighting this in the Q&A.
I do not use Instagram or Facebook but use Twitter and TekCapitals presence on there is abysmal. Why are they not posting articles you guys found, copied below. Also it seems there is a general lack of communication either by social media or by an RNS. Surely the Belluscura delay should have been RNS’d out sooner and a more detailed update of the test in February. There must surely be some updates on SaltMe! and MicroSalt sales that should be in an RNS this also applies to Lucyd and the current crowdfunding.
Why are these links not being posted on TekCapitals social media and other news ?
https://kalkinemedia.com/uk/news/tekcapitals-salarius-to-make-a-dent-in-cardiovascular-disease-with-its-nano-particle-salt-crystals
https://kalkinemedia.com/uk/news/featured-news/tekcapitals-portfolio-company-lucyd-to-take-the-market-by-storm-with-its-new-smartglasses-coupled-with-voice-controlled-social-media-app
You guys have been on AIM probably longer than me but as you know unless a positive news flow happens the company drifts and speculations are then made of the reason for total silence. The company is full of very clever people but do they know how to manage effective communications to the media and to the AIM market ?
I am heavily invested here and at least one of the companies will be successful but it appears we are floundering as we do not get many positive updates
I will put my questions in the next post.
Thanks 566822tn for the twitter post, I can see the reply from Align. I am a bit surprised of the timescales as potentially that is another 9 months away. Maybe after their over optimism of a deal being concluded last year it is hopefully now under promise and over deliver. I have been here since 2013 so what's a few more months.
Thanks once again, Adamsky
Afternoon All, as an investor here can I request a positive RNS for my Birthday on Monday at 7:00 AM ? I am not too fussy which of our four main companies it is.
Regarding the Jarvis holding it is probably private investors, like myself, that trade the shares under X-O which is the execution only share dealing site who trade under Jarvis Investment Management. I wish I held the 3.7% but I hold a few.
Best of luck to all investors here and let's hope our investment here pays off handsomely, have a good weekend everyone.
Abecedarian, Oxus and Churchill had different circumstances in that the claims were against the government not individuals as per PFP although you may argue that Veloso and his contacts are as good as fighting the government !
Nobody knows what the issue is, it might be either Jacinto Veloso and Diogo Cavaco not playing ball or it might be that there are still issues in getting the funding.
Yes I have been invested here since 2013, no sympathy please, and the last thing I want is the company to fold as this will just give the Mozambique government the get out of jail card they have been hoping for. In my opinion we have to keep going and get Henry with all his contacts in this country and in Mozambique to sort this mess out if it is down to Jacinto Veloso and Diogo Cavaco.
Please remember we have one of the most respected legal systems in the world which have found ownership of the licenses in PFP’s favour.
Not sure if the Mozambique thieves, strong words but upheld in the UK Courts, read these boards or their associates but they must be rubbing their hands in glee at all the posts saying the Company will fold as if the delay is in their hands they will just stall even more.
PFP Board needs to keep this Company going and shame Mozambique as a Country, shame their legal system and shame their government. Please insert corrupt as you feel appropriate.
I have e-mailed the BOD my thoughts and if too complicated about keeping an interest in the license just sell the licence and divide the amount by an agreed amount. Surely it is in everyone’s interests to find a solution.
Stats taken from LSE, SOLD 6,647,785, BOUGHT 5,043,814. 25% Drop. Overdone yes Alpal35.
Afternoon Richie,
You should have also mentioned that the £80m market cap was based on the original scoping study not the enhanced recent one so not sure what that £80m would be now based on the recent scoping study ?
Thanks for all your updates
Adamsky
5 Million
Don't forget anyone who holds shares with a Broker they will probably be held in a nominee account and you will need to contact the Broker and ask them how you go about the process of casting your vote. I contacted Pathfinder and my Broker and Pathfinder kindly sent me a form which I could send to my broker to use. Be warned this might cost you, in my case �24 x 2 = �48 for me and the wife, also start the process at least 2 weeks before the vote. Money well spent voting AGAINST the resolutions. Have a good weekend everyone
So to summarise MY thoughts: - 1) Should someone who is looking to take control of the company post on a BB � NO 2) Should this person insult people who do not agree with him � NO 3) Should we trust a complex legal matter of regaining the company to a group who cannot send the EGM request to the correct email address and then blame the BOD for stalling tactics � (any issues with what the BOD has done report it to the FSA Mr Jennings) 4) Should we trust the company to a group who has not thoroughly checked whether an individual is allowed back on the Board, Mr James Normand ? 5) Should we trust the company to a group of individuals that accuse the BOD of not having any negotiations when they only speak to one of the interested parties and are proved incorrect ? 6) Would the new BOD be able to identify attempts to monetise the license as per the current BOD ? 7) Is there a chance if the EGM is successful that Diogo Cavaco will run rings around them and our investment will be worth pennies ? 8) Has Align lost money through investing and PFP and could potentially look for a short term share rise to take their money out ? 9) Has the current BOD got in place all the connections they need to resolve this and will a change of BOD cause issues ? 10) My opinion is if any negotiations are on going with the General or Cavaco stop them immediately as I would rather lose my money than hand a penny over to them. God help the Mozambique economy if the Moz. Courts disregard the English High Court ruling 11) Is the Directors numeration too high � YES (there is still some discrepancy over when the BOD�s wages were reduced) 12) Apart from negotiating, which I am against, could the BOD have done anymore to gain the license back � NO (they went to the High Court , Moz Court and cancelled Cavaco and the Generals shares) 13) Am I related to Trew or any of the BOD � NO (just in case Jennings wants to level that one at me) 14) Have I been in contact with my Broker and voting AGAINST the resolution � YES 15) Am I expecting personal insults from Jennings and his other posters on this BB � YES A question, what happens now to the EGM as there is only one candidate for the BOD and who will he replace ?
Being a LTH of several million shares since the 01/03/13 I thought I would put my thoughts across. When Align first started posting I had my doubts but then started warming to them but then they started posting on the BB I thought was it right that they could say what they wanted without the BOD having a chance to reply apart from issuing numerous RNS. Also I did not like the insulting and aggressive attitude specifically towards �longandwrong� with phrases such as �Longandwrong (aptly named) - do NOT bother replying� and �I pity you re your perception of reality� and �Who are u Trew's son? Wife? U are not well� and �Who are u? Trew/his son/wife? No impartial shareholder would assert such latent nonsense and lies�. Also we have a general insult �Anybody who votes against that proposal is mad, deluded or an associate of Trew.� I have no problem with share banter and I can understand peoples frustration after many years, for some of us, but coming from a group of people who are trying to take control of the company, very unprofessional. Just click on �RICHIEYBOY666� on his postings and see the other companies he is posting on and insults that are being dished out. Part 2 to follow ...........