Member Info for Badsterman

Going great guns, now working with Unilever.

Hopefully, Dr Hargreaves will make a packet and return here to remove the perennial underachievers.

🙏

Maxim LLP are delaying conversion of their convertible promissory notes.

https://tinyurl.com/bdf6hcbd

Merger delayed, probably. 🙄

Come on Lolly,

Don't be a negative Nellie, it's the weekend and I'm off to Tenerife tomorrow.

Charts are good, news is due, we've just raised and Google says the SP closed up 6.5%!

It's all sunny in the Badlands. 🤣

Your portfolio diversification is eminently sensible, AIM is only for gambling!

As Top just posted below; we've now raised, a news rich period is upon us and Topcatz thinks the TEK chart looks good.👍

The BOD intend to hire Martin Gouldstone as a NED who has [quote],

"extensive experience buying and selling deals across Europe and the US, and in negotiating multi-year research partnerships."

The BOD have finally acknowledged their own shortcomings but it's too little, too late.

Cox and Treharne should go, immediately.

Good Morning Sea!! Just had over easy eggs on toasted sourdough with a coffee. 🤪

Regarding Bell; we are overdue a trading update from them. I'd imagine they'll want the TMT deal completed first.

Whatever you think of Cliff, this is an exciting company to be invested in, don't you think?

Er' indoors keeps banging on about buying more Lloyds shares 😴, instead of my AIM punts.

Https://theoakbloke.substack.com/p/tek-king-stock

Https://www.londonstockexchange.com/news-article/VAL/proposed-appointment-of-non-executive-director/16355955

Fair enough CM22, but...

The original poster asked about the disconnect between the SALT and TEK MCAP's.

Lolly has suggested it's the lack of an exit strategy. I believe it's more to do with TEK's poor track record with floats and investor concern that Microsalt may follow the same path, in due course.

What's your rationale as to why investors aren't queuing up to buy TEK, given such a big discount to NAV?

Http://tinyurl.com/52k9khrs

Yeah, I know.....tumbleweed....etc.....🤣

The two previous floats (BELL and LUCY) have suffered dramatic slumps in their respective SP's as their reportable numbers have been poor.

If Microsalt follows this pattern then you could argue that TEK looks overvalued, (Guidents/Shocks valutions are just guesswork). Also, TEK's 77% holding in SALT is locked in for 12 months.

Personally, I think Microsalt will announce a big B2B deal and avoid a meltdown of their SP.

Given the track record I completely understand the reluctance of new investors, hence the NAV/SP disconnect.

I'm holding as I believe at least one of these business (maybe two), will deliver a TEK multibag.

Please DYOR 👍

TEK exercising their warrants in SALT, maybe?

Cliff needs £660,000 to repay Lucy, within 90 days (as of 12th January).

Articles in Laboratory News and LinkedIn;

https://cloud.3dissue.com/2153/2844/6246/laboratorynewsissue12024/index.html?r=59

(Pages 19,20 & 21)

https://www.linkedin.com/posts/valirx-plc_tcro-pdcs-laboratory-activity-7165683569904828416-PEJg?utm_source=share&utm_medium=member_android

Morning Tekkies!,

I did read somewhere that the LUCY numbers are being filed today.

🤞

It's a fairly binary choice Shareworm,

By the end of 2024 we could have a CHK1 Inhibitor and two broad spectrum, worldwide patented molecules - all in the clinic - for just £23 million!!

Or we could be bust, having failed the trial.

So; shape up, or ship out.....other idioms are available...😉

At least the Titanic had lifeboats.

This share feels like the Marie Celeste.

Dr Coxswain has steered us onto the rocks.

Aaarggghhh me hearties.🤪

Lolly,

I agree the lack of an exit strategy could be a small factor.

However, I think you need to accept these are fledgling businesses. Amazon, for example, took nine years to turn a profit.

I don't think Cliff has any idea of when, how, or even if he will exit.

There are so many factors to consider it's not feasible to make such a commitment to investors.

We'll just have to agree to disagree.

That's an excellent profit Sea,

Cliff certainly got the SALT IPO right, in tough market conditions.

I think we've reached a turning point as all four portfolio companies have contracts/deals and income.

Building the businesses is now down to the individual CEO's, Cliff has done his bit.

I expect him to take a back seat and concentrate on new opportunities coming out of Universities.

Let him retire gracefully!! 🤣

Morning Sea,

Has Cliff gone up in your estimation yet? 😜

Lucy results are due on the 20th Feb, I'm hoping for signs of life.

An uptick in sales, reduction in costs and increased margins would be a good start!!

They've still got Reebok to launch, don't give up on Lucy!! 🤣