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Guys,
Thanks for your replies, I am just a bit frustrated by the lack of solid progress. Reading through the previous RNS’s only further deepened my mood. As you say very clever people who were at the top of their game and should have lots of contacts and business knowledge but the companies are moving at a snails pace. I understand you can’t make people buy MicroSalt but Belluscura is a prime example of total mismanagement, missed deadlines, constant funding and the shareholders not being kept up to date with progress and issues.
Heavily invested and not happy.
On Friday I will post my take on Salarius after reading all the RNS’s, bit busy next few days.
Have a good evening
Adamsky
Afternoon Everyone,
I had the misfortune of going through every relevant RNS since TekCapital floated , not happy reading really. Several patents and IP they bought which we have never heard about since :-
Measurement of Glucose in saliva and on breath
Air conditioned efficiency patents
Energy harvesting technology , mainly in arm movement
Lucyd 13 patents for augmented reality which were going to be used but now it is just sound and speech
Acquisition of new gesture recognition software
Belluscura is the one I want to concentrate on as that has been a total and utter mess of missed deadlines, will there be another one ? Loads of RNS’s on non TekCapital fund raising that is why TekCapital’s percentage has gone down to below 20% from their initial 95%. What have they done with all these millions ?
Belluscura RNS updates :-
13/4/16 - Acquired and licensed to sell 3 propriety medical devices, what has happened to these ? At this point TekCapital owned 95% of Belluscura.
16/11/17 - Were going to IPO but on the 1/12/17 cancelled
31/5/18 - Filing of FDA in 2018
19/2/19 - X-PLOR launching later in the year
26/9/19 - Is on track to receive FDA later on the year
20/4/20 - FDA clearance in H1
1/5/20 - FDA clearance in H1 and manufacture in H2
17/6/20 - FDA clearance in H2
So here we are over 2 years later and we still have not received FDA clearance. If we get it by year end I will be very happy but it is still 2 years after the initial promise.
I am heavily invested in TekCapital and cannot afford it to fail but the more I read in the RNS’s the more I became uncomfortable of missed deadlines, what appears to be a scatter gun approach to the university IP’s and woefully inadequate updates.
Are the management team at TekCapital out of their depth and should have stuck to their university IP marketing part of the business ?
We have lots of very qualified people in our main 4 portfolio companies it's time they delivered.
Morning Mysteryinvestor, hope you are well ?
Nothing is guaranteed in life, especially on AIM but I have copied my post from last Wednesday below. I think people might be finally cottoning on to the positive vibes ...................
As per my previous post , the signs are here again.
Do the BOD and major shareholders like gambling with their own money, I doubt it.
Looking forward to the near future.
"The exercise of these warrants, at what is the current market price, coupled with the positions recently taken by the Chief Executive Officer, Non-Executive Director and a major shareholder, is testament to the confidence that exists within the Pathfinder Board of achieving a resolution to the licence dispute over Mining Concession 4623C in Mozambique. We look forward to updating the market in the near future."
TopCatz,
Thanks for your comprehensive reply. I do still feel that TekCapital could have provided more comprehensive updates during the FDA process especially surrounding the additional units required and the shortage of parts owing to COVID. Let’s hope this is just history now and we get an RNS landing with the FDA clearance news.
Regarding Salarius I would have still have expected update/s regarding the 25 companies that were testing MicroSalt , sales of MicroSalt and SaltMe crisps.
Good to see another tweet from Guident , thanks vusy. As mentioned the new collaboration enables us to provide not only the software for remote interaction but now a comprehensive way of connecting to the vehicle. So in theory, as vusy mentioned, this allows Guident to offer the complete package.
Lucyd is still trying very hard but let’s see how it all pans out.
Smart Food Tek we were told on the conference call that 5 companies were evaluating the product, let’s hope at least one of them like the product. .
Hopefully we will get comprehensive and positive updates between now and Christmas.
As mentioned, patience is a virtue.
Thanks for the replies and other posts.
Have a great weekend.
Adamsky
Steveiom,
Thanks for the e-mail address , I will contact them on Monday with questions and suggestions made in my previous post.
TopCatz,
Thanks for your reply and is there any information that Belluscura provided direct that gives us any idea why they are running 2 years late, correct me if I am wrong.
TekCapital will come good but we need more comprehensive updates good and bad. Flagstaff and the BOD picked up on our criticism before the teleconference and both stated there were 27 RNS’s this year. What we need is quality not quantity, I am trying not to get too frustrated but TekCapital need to up their game.
Have a good weekend
Adamsky
Steveiom,
Thanks for the update. Do you have a contact e-mail address for Salarius apart for the generic one on their website. After the creation of their new MicroSalt Twitter account they now have two in existence ! I contacted Flagstaff but the old Twitter account is still there. I will also ask a naive question in that have they contacted Walkers Crisps and Golden Wonder or any major snack manufacturer in Europe.
I will also contact Flagstaff later as the communication regarding the FDA and Belluscura’s application and updates is very poor indeed. I think there have been issues, we also are left to guess, and mistakes with the FDA application but we are kept in the dark. I am invested in another company that has just applied for expedited FDA approval and there has been comprehensive updates along the whole process.
I am heavily invested here and the communication is much better but still falls far short, we have been selling SaltMe crisps from May, where are the sales figures. In one on the interviews we were told they were producing MicroSalt, where are these sales figures. We were told 25 companies were testing MicroSalt, where are the updates. It is fantastic to sign these distribution deals and trials but where are the sales figures and updates ?
I want TekCapital to be a success for my Portfolios sake but TekCapital need to look at their updates, it is great having a company full of very clever people who have been at the top of their specialised fields but some of the basics need resolving before we get to be a very successful company.
Frustrated rant over and stay safe and have a good weekend.
Adamsky
Mysteryinvestor,
I have been invested since early 2013, if I hadn’t lost my sense of humour I would ask what Christmas !
There are positive signs with the BOD buying and a major shareholder The courts currently no longer have a say, the General is getting older and the Chineses won’t want to wait forever. There are lots of unknowns but the biggest one is what will be Pathfinders share ?
Stay positive and patient.
Adamsky
Mysteryinvestor,
Like lots of shares patience is required.
Regarding your comment 'just doesn’t help with people on this chat making out it’s going to happen VERY SOON..'
What is your interpretation of the statement in the RNS .....We look forward to updating the market in the near future.
I am not making out that it is going to happen VERY SOON I am basing my thoughts on the 'near future' statement.
What is your interpretation of 'near future' ?
As per my previous post , the signs are here again.
Do the BOD and major shareholders like gambling with their own money, I doubt it.
Looking forward to the near future.
"The exercise of these warrants, at what is the current market price, coupled with the positions recently taken by the Chief Executive Officer, Non-Executive Director and a major shareholder, is testament to the confidence that exists within the Pathfinder Board of achieving a resolution to the licence dispute over Mining Concession 4623C in Mozambique. We look forward to updating the market in the near future."
It has surprised me that no one has made a big deal about the BOD and Richard Jennings buying shares out of their own pockets.
The total amount purchased since the 21st of August is £100,464, yes OVER A HUNDRED THOUSAND POUNDS.
The derampers will say that they cannot buy if they have any knowledge as this would be insider dealing, really. This is AIM and how can anyone prove that they had knowledge before the purchases took place, best of luck with that one.
The bottom line is do you think these knowledgeable individuals of the financial markets and business would gamble £100,000 of their own money in the hope that the current situation is resolved and Pathfinder gets a well earned reward ?
List below are the dates, individual, shares purchased and value.
21/08 - Peter Taylor - 4,000,000 - £28,880
28/08 - Peter Taylor - 3,200,000 - £23,584
Warrants
03/09 - John Taylor - 3,000,000 - £18,000
03/09 - Richard Jennings - 5,000,000 - £30,000
The signs are there for those who want to take notice.
Best of luck to all the believers
Adamsky
Posted at 18:22 yesterday on TekCapitals Twitter feed, what do you think ?
https://twitter.com/tekcapital/status/1304470343202099200?s=21
Best of luck, Adamsky
Some associated news ......
https://uk.finance.yahoo.com/news/razer-beats-expectations-record-high-094100563.html
So the bought trades are £24.63k and the sold trades are £15.53k taken from the LSE statistics below and we are down 4.35%, work that one out !!
# Trades 14
Vol. Sold 2,822,876
Sold Value £15.53k
Vol. Bought 4,478,831
Bought Value £24.63k
A bit quiet on the BB but not an issue as TekCapital is working away and we will be getting good news over the next few weeks/months.
I am going to e-mail Flagstaff and the BOD as one question I would still like the answer to is what else is in the pipeline. The four products we have are at the point of near term major news and they all have their own management teams in place, time to look even further into the future. I think it would be great if we could say we have these 4 companies, 5 if you include Smart Tek Food, but we are also evaluating another 4 or 5.
I have seen adverts for the Aquis Exchange, maybe an alternative for some of our spin off companies if we IPO them. One benefit is for the two lower tiers, I think mcap below £100 million, no shorting. I will e-mail the BOD and Flagstaff about this also. I had a look at the interview video, it looks good but I don’t know all the intricacies and benefits between this and AIM.
Everyone have a great weekend, Adamsky.
PS Just e-mailed Flagstaff as the TekCapital website appears down, it is never quick anyway which I also mentioned
As we are currently 12th on today’s top risers for any investors taking a look, welcome and here is a quick summary of the companies we have interests in :-
Belluscura (18.9% Owned by TekCapital)
Premium Medical Devices at Value Prices - main product X-PLO2RTM Portable Oxygen Concentrator
-FDA approval of Belluscura X-PLOR2RTM - could land anytime , due H2
-IPO after FDA approval
-TekCapital has the option to increase it’s stake up to 30 days after FDA clearance
-According to Grandview Research, the global medical O2 concentrator market was $1.75bn in 2018
Guident (100% owned by TekCapital)
Provide IP & software solutions for autonomous vehicle manufacturers and operators to enhance their safety
-22 May 2020, Guident wins Florida Atlantic University competition as one of the most promising startups in South Florida out of a field of 200 companies
?-Announcement in 60 days
-According to Statista, the market for fully autonomous vehicles is projected to reach US $6 billion by 2025 ?
Salarius (91.7% owned by TekCapital)
Salarius is seeking to take the lead in the food industry by providing the best low-sodium salt that tastes great
-Salarius MicroSalt being evaluated by 20 companies (some of these companies are Tier 1 who are worth billions of dollars)
-Retail store roll out for SaltMe!® snacks which began in May 2020
-The low sodium ingredient market is estimated to reach US $1.76bn by 2025 according to Future Market Insights ?
Lucyd (100% owned by TekCapital)
Provides online prescription eyewear with Bluetooth technology so customers can remain connected.
-July 2020, Lucyd receives notice of allowance on 13 design patents and files two addition design patents on Lucy Lyte smartglasses.
-The current online market for eyewear is US $3.8b according to Statista1. In 2017, eight million pairs of prescription eyeglasses were sold online (4.2% of the total prescription eyeglass market) ?
Smart Tek Food
-A new patented food preparation technology developed at the University of Arkansas, makes baked chicken taste fried with 60% less fat
-5 companies currently evaluating the product
Using our proprietary global university network, we provide services to universities and companies to help them commercialise their innovations - last financial year this revenue covered 55% of costs
Link to latest presentation :-
https://www.tekcapital.com/wp-content/uploads/2020/07/Tek-Investor-Presentation-July-2020-2.pdf
There will also be a recording of the Q&A session that was held on Monday at 17:00 later today or tomorrow
Great posts since the conference call. Don’t forget Lucyd and Smart Food Tek, a couple of dark horses potentially ?
TekCapital needs to be knocking on the door of KFC for the Smart Food Tek product, as the world becomes more health conscious, it reduces fat content by approximately 60% against fried battered chicken. I have heard lots of talk about our 4 main products but not much about Smart Food Tek. Looking at the brochure from TekCapitals website the first patent was issued in December 2015, 4.5 years ago. I missed the conference call and I am waiting for the recording but from one of the posters who attended the call Smart Food Tek was mentioned. Time to promote this product as we might potentially have 5 companies with amazing prospects, that is what I call finger looking good !
Keep the great and informative posting up and good luck to all holders, Adamsky.
Morning All,
Thanks to everyone for the updates from the conference call. Apologies if I came across a bit negative but I am heavily invested here and I was getting a bit twitchy. I am sure we all agree that the communication could be better and hopefully will be from now on.
I will listen to the call when it is available but one question did they mention anything about the future pipeline of potential products ? By the sound of it all the companies, fingers crossed , could be at the point of delivering, a bit like buses, you wait for ages and then three come along at once.
Thanks once again and have a great day, Adamsky.
Morning Steveiom, I am with you. I was hoping we would get an RNS to cover some of the outstanding queries we have as we know they will not give any information on the call that is not already in the public domain and all our questions are not in the public domain.
I unfortunately cannot make the call, I have sent my questions to Flagstaff and to Harrison Gross several days ago but I doubt if they will get asked. The Q&A session looks like it is a free format so I urge anyone who joins the call to ask and probe the outstanding questions. If no answers can be given the BOD must realise the discontent within the investor community of inadequate updates across two of our major companies Salarius and Belluscura. If any updates can be posted I would be extremely grateful.
Have a good day.
Clenchedchheeks - thanks for the information regarding Salarius. Are we saying , please correct me , that we have had no more details regarding sales of MicroSalt, apart from the small amount mentioned in the year end figures 8 months ago ? Also thanks for the Twitter link, I can’t translate but it doesn’t seem to be much about Salarius, please correct me.
Steveiom - thanks for all your efforts with the FCA. Whatever the outcome of their investigation I am sure all on the BB here agree that the company needs to keep us informed, if it was a non event then still let us know.
BigBang- could a broker like Hargreaves Lansdown just be an accumulation of small share holders. I am with Jarvis and this has been mentioned as being a holder on other shares and I think that could be the reason.
As I said before sometime shareholders have too high expectations of wanting information but from the discussions in recent days there are numerous important updates we have not been told about.
I am getting a bit concerned that we have got these big hitters, for example at Salaruis, two of them from Procter and Gamble, and in well over a year there has been no news of a major contract won. To their credit they have launched SaltMe but that is not where the big money will come from. Either the product is no good or they have failed or is there updates that we haven’t been told about ?
https://salarius.co/about/
Scroll down to see the Team !
I hope all these big hitters throughout all our companies are not seeing TekCapital as any easy meal ticket as Salarius and especially Belluscura have so far failed to deliver.
Have a good weekend , Adamsky.
Steveiom, I had a quick look through the RNS's from the start of the year, I don't think TekCapital ever directly mentioned the trail I think it was research carried out by several posters by either looking at the FDA website and contacting the FDA. TekCapital have never been that specific.