All about the IPO and what Future Biogas is looking to achieve.
https://twitter.com/Bazreynolds9707/status/1438980085969793024?s=19
https://www.proactiveinvestors.co.uk/companies/news/952292/future-biogas-is-preparing-to-launch-a-35mln-clean-energy-ipo-in-london-952292.html
Amazing potential for renewable deals.
One to look at and wonder why MAC client and Investee company Future Biogas set up the Memorandum and Articles of Association last month and its Trading certificate for a public company the other month.
Both can be found link below.
Bullish is an understatement.
https://find-and-update.company-information.service.gov.uk/company/13386430/filing-history
This is the first time Patrick has sold any shares in MAC since inception over 10 years. Yes there was a squeeze in and the SP could have gone alot higher, there would have been a direct buyer as well.
There are 7m options available and I expect that to be the next news as its 84k to take up the options.
Further news on the 4 exits will give the SP a boost, just the 9% in WearDale underpins current SP.
As a founder it looks like MAC raised 19m for WearDale which is pretty impressive for a small cap company.
Investments that will realize huge rewards.
One for people to look at Chris TellWright stood down from the board of WearDale when MAC board came in.
Chris is on the board of MAC Investee Fast2Fibre interesting?
Fast2Fibre looking for a huge contract in Germany and should be the next IPO.
https://twitter.com/Bazreynolds9707/status/1429769810603388935?s=19
They have 4 investments that will IPO/liquidity event in the next 3 to 18 months, 3 months wonder why that timeline?
Also full board now part of WearDale Lithiam which is not included in the results and awaiting news on that.
I would say the board have been pretty active and will be looking to add shareholder value seeing as they own 30% of the Stock with my 10% that's 40% on its own not on the market.
This is looking alot like PIRI and that 10x my lowest purchase, lots of calls to make it a shell because of the cheap mkt cap but team had a vision and smashed it. MAC board have a plan and I am happy to run with it.
The drop back in PIRI SP won't stay around for long, not with there PF.
Peter I do not think 1p will be seen again, your 1p valuation is from last results, hidden in there was unrealised gains from warrants ect.
With the Lithium and Tech deals, joined with the entertainment/Hotel sector pick up there will be huge value in the PF.
I spoke to the board when it was 5p and Akers was around they said it was undervalued then I await news with some excitement.