RE: Huge9 Mar 2023 12:13
They've done this because they know it's massively undervalued at only £14m market cap. It's obvious the UK market doesn't have a clue how to value this tech and is riddled with 10% traders and shorters controlling the sp. The US have form in this game and know the true value, so I expect our UK listing will take it's lead from the US listing once it's up and running. This exposure, together with the showcase event in April, will mean the market cap will undoubtedly be well over what it is now in the coming months. That's pretty much guaranteed and 16p will just be a distant dream.
Also, many have said this news was largely unexpected. However, I think we'll see more news coming from the left field that will drive the share price over time. Everyone has been (understandably) focussed on 3DBT's activities in the cultured meat sector recently, but BSFA is an investment vehicle (of which 3DBT is a subsidiary). BSFA have declared they are looking at partnerships and hook ups, as well as direct acquisitions and I think we'll see news on those over coming weeks. I also think it's highly likely that one day 3DBT will be sold, or at least the tech, to a US company, for eye watering sums and the proceeds distributed as a dividend.