Member Info for bluerill

Easy there, nobby. Have you stopped to check how many AIM names have been forced to suspend their shares bc of PKF alone? They are chronically understaffed and are now virtually toxic among UK small caps. This is entirely the result of a once-reputable auditor failing in their commitments, who are now scrambling to try and salvage that reputation. Meantime, I expect that update from Eco only as soon as pkf have double-confirmed sight of the finish line, as you can't blame them for being much more cautious towards any pkf assurances. Shame on you for suggesting otherwise.

As house broker, Shore Cap never publishes a price target as such, but this is the closest thing to it in Robin Speakman's piece:

Valuation thoughts: We explore BATM’s investment case and believe that strong underlying

progress is being delivered across the development of its core span of technologies. These are

visibly moving towards potential market inflection points, thus presenting a profitable high-growth

opportunity to investors. Asset allocation, with business strategy, is firmly focused on growth

investment. We expect positive news flow to continue. With commercialisation, positive operating

leverage to reported results should be expected in due course – leading to an increasingly

attractive fundamental valuation. House Stock.

I'll try and share the Shore piece. In the meantime, 'fse' on the other board, provided the first couple of pages yesterday, in addition to this today:

July 27, 2023

Mansfield, MA, July 27, 2023- Telco Systems, the leading provider of vendor-neutral hybrid edge compute solutions, is thrilled to announce its inclusion in Gartner’s recent Hype Cycle for Edge Computing within the Edge Management & Orchestration category.

Gartner’s Hype Cycle reports are recognized as the leading authority for the IT industry, providing valuable insights for CIOs and CTOs in their technology selection decision making processes. In this latest report, Telco Systems has been recognized for its contributions to the Edge Management and Orchestration domain, where the company offers innovative edge infrastructure software and application management solutions for remote and distributed deployments.

Edge Management and Orchestration emerges as a critical enabler in the rapidly evolving landscape of edge computing, addressing a fundamental challenge faced by businesses seeking to harness the potential of this transformative technology.

Telco Systems’ Edgility is a unified platform for edge computing that simplifies the planning, deployment, operation, and maintenance of network functions, business apps, and computing devices on the edge at scale. With Edgility, businesses can manage their entire edge deployment through a unified interface. Provisioning, monitoring, and maintaining thousands of devices becomes effortless, saving you time, resources, and costs.

This empowers businesses to focus on applications and data processing at the edge while Edgility takes care of the underlying infrastructure and management complexities. Combined with AI acceleration capabilities, Edgility provides cutting edge solutions for Service Providers, Retail & Manufacturing organizations, as well as Smart-Everything and IOT focused enterprises.

“We are honored to be recognized in Gartner’s Hype Cycle for Edge Computing in the Edge Management and Orchestration category, and we are particularly proud of our Edgility platform,” said Ariel Efrati, CEO at Telco Systems. “Edgility has emerged as a pivotal force, simplifying edge computing operations and ensuring effortless deployment scalability. Rising high above the legacy industry standards, Edgility offers businesses a seamless and unified experience in managing their edge infrastructure, empowering them to stay at the forefront of innovation, optimize costs and future-proof their investments.”

As digital transformation drives businesses to design their digital edge with IoT devices and edge computing solutions, the need for scalable, secure, and flexible Edge Management & Orchestration solutions becomes paramount. Telco Systems’ Edgility rises to this challenge, providing a unified platform that supports a broad range of tools and technologies, catering to the unique needs of different industries and use cases.

Tg2d - the 12 resolutions is for me, more a demonstration of my spaghetti theory than anything else. (Much) more importantly though, you didn't read (again) what I wrote: Tariq was forced to withdraw his letter from the LSE board. Defamation fears was just a simple possibility I offered, but is not the relevant point here. Posting it in the first place was a rookie mistake and the strongest evidence we have thus far that it contains significant, unsubstantiated charges. Yet you and many others consistently ignore it though it considerably weakens the foundations of your position. Your last claim, about Lombards being 'well in profit' is so ridiculously unprovable - and likely completely wrong - that gentle mocking is all I can muster. However, by far the most important issue in your last post, is contained in this sentence clause: '.... what I want is a full and independent transparent investigation to get to the facts of the matter....' This so elegantly demonstrates what a fantasy world you and so many other people on these boards are living in. The investigation(s) almost assuredly are already over. This is not some kind of potential chapter in the next instalment of Sherlock Holmes Presents. There was a messy series of actions surrounding a major event in NANO's history, a 3%+ holder went public with some ill-considered accusations, and so it is absolutely logical to assume that that was more than enough to cause Lombards to investigate, the FCA to call the Company's advisor(s) for comment, and then those advisors to investigate as well. A version of this happens every day in these markets if not quite so publicly, nor one that ends in a shareholder calling an EGM. As I've said multiple times now, because we have heard absolutely nothing resulting from any actions at the Company or Lombards, one's base case must necessarily be that that is pretty much that. Sure if Tariq 'wins' at the EGM, that might change, but since he is very very unlikely to do so, there is no reason to come off that position. Thinking that there is going to be anything more than that is a fever dream which you seem to be treating as the precise opposite. I'm sorry, but after tomorrow's Investor Meet and any dialogue at the EGM, The balance of probability is that you've gotten all the transparency you are likely to get.

here is the bottom-line, tb2d and any others who subscribe to a vast conspiracy here: 1. regardless of absolutely any other issue discussed - all of which are being debated with imperfect information of course - tariq hamoodi, someone whom i know of in the industry and has the respect of a number of people i know and respect - before we consider any of his charges and/or suggestions for running the company, etc. - is attempting to take over the company without paying a premium. attempting to replace the board in this way is pretty much the textbook definition of that kind of effort, and so, that should be everyone's first consideration when voting and is the primary reason why i think any professional opinion of the situation here is that he is very, very unlikely to succeed full stop; and 2. tariq has not only included in his original charge sheet a number of wild accusations that are almost certainly near-impossible to be true, but that charge sheet had to be taken down as he doubtless misjudged or was unaware of the uk law's lower-bar on defamation, but also, the company's detailed response not only included some very robust answers to his more outrageous claims, but also a humiliating rebuke to one of his most serious charges regarding the loam loan and baupost, when it published an email from th himself that directly contradicted his published claim against the company. yet another crucial fact that the conspi******s consistently forget to consider. i will state again: tariq is a serious, accomplished litigation specialist investor. however, he has little relevant background in activism, and everything, from the original wild, at-best circumstantially supported 'open letter' that would surely have given even dan loeb pause, to his actions since including having to take down that very letter, indicates to me that he has bitten off more than he can chew and will likely sue for peace, as these types of situations so often end up. we'll shall see.....

I have and you proved my point, tg2d. Did you read anything I wrote or do you just power through any attempts to correct you because it may damage you compete conviction in your narrative. As for the 'typo', apology accepted and then excuse my snark

Don't like being schooled much, do you old boy? Meantime Trouble, I'm waiting anxiously for your behaviour police warning for tg2d. I'm sure the fact that you agree with him won't prevent you from scolding his needless provocation.

Maybe not, trouble, maybe not

And how could I forget, but you seem to have left out the most recent TR-1 a couple months ago where I am certain memory serves and Lombards filed that they had increased their holding. Must have slipped passed your marble-sharp googling.

Tgtd - first off, its 'bluerill'. I'm sure the misspelling was an innocent mistake and not a juvenile attempt to make this personal. Beyond that, who said the selling was evenly spaced over time or in fact didn't accelerate more recently? What I did say was they had been selling over a material period of time, which your post ably demonstrated, so thanks for that. Otherwise, I also explained that the selling was also likely liquidity-driven and so having the lion's share of the 'suspicious' selling (acc to you) occur on the heaviest volume days the shares have seen in years is also perfectly in sync with my comments. So 'check' there as well. Finally, there's the bit I left out: the last few years have been inarguably the worst in living memory for UK small caps. The most likely reason Lombards would have been reducing oversized positions like Nano in the first place, would not only be accelerating redemptions but also heightened rules around position sizes relative to daily volume which would more than adequately explain why their selling accelerated into early this year. Finally, pound sand, you cretin.

And attempts at inscrutability are the trojan horses of reasoned debate

The only problem is, qd is absolutely right. This conspiracy nonsense has really gotten out of hand. Tariq is a serious investor, tbs, but as an activist hedge fund, he's an outstanding litigation specialist. Just because the guy has taken his theories public - which some of you are treating as if they were delivered straight from Mt Ararat, but are actually just a bunch of profoundly circumstantial accusations, which many of you seem to forget he was compelled to withdraw from the LSE website - doesn't make them true. Just one example is this insane idea that the Company somehow conspired with Lombards to artificially juice the share price so the fund manager could dump a slug of shares. Its so ludicrously unlikely as to be almost certainly false, yet many of you seem to take it as gospel and then when qd CORRECTLY points out that in fact, Lombards had been steadily selling over a long period of time, particularly on what are often referred to as days with 'liquidity events' - exactly what happened with the first RNS - you dismiss him and his information without blinking an eye. Sheesh, grow up.

Lombards just INCREASED their holding through a warrants exercise in the 40s, an extremely bullish move considering they have indeed sold down some prominent positions recently like NANO.

For godssake, read the other board some of you. The exchange has had a technical problem processing a proper 2-way price in NANO since before today's open. Weird, but nothing to do with NANO per se.

No

No

My thoughts exactly...Echoridge/ADVFN: '....Early signs I concede, but BVC shareholders should try and keep one eye on the Israeli line. For more than a week now, the price over there has been grinding higher and trading above the UK price pretty consistently - admittedly on light volume - on much tighter spreads than normal and has begun to lose its knee-jerk twitchiness towards every little down move in the UK line as it grinds higher (last trade: 27p equivalent). I think that has also caught the attention of UK MMs as the bid on the screen over here seems to have perked up a bit. Perhaps the bottom-line is that, as I've written before, the big volume of the past month (other than this week of course) has taken out a lot of loose institutional shares (dominated by a one-off fund closure) in both jurisdictions and if there is another institutional buyer or 2 around (last one bought around 5.5m), which I am also on record that I believe there is, then they are likely becoming aware that they will have to work harder to build a position from retail sellers and at (hopefully) higher prices....'

You caught a mis-type. good lad

Ok, I can see we're not going to get anywhere, so this will be my final cut at this: 1. Every major (and most minor) firms in the City from fund management to insurance to investment banks have very similar codes of conduct in 2023 (and long since today frankly), particularly as it pertains to a situation like this, and the penalties for serious breaches are swift and brutal. If the fund manager at Lombard had been confirmed to have conducted a phone call with management from one of his large positions, and for any reason it had not been conducted on a taped line ( no matter the hour of the day), or there was a tape, and anything seriously inappropriate was discussed, he would face the severest of punishments and then, we would very likely have heard about it already, most likely from Tariq himself. I am 100% certain of this syllogism? Of course not, but I maintain my reasoning is very sound.

No, no, no, kooba - please read what I wrote. I said Lombards ITSELF is not accused of anything. The fund manager(s) involved have been. For now there is a big difference and that's - again - why LOAM would necessarily conduct a rapid and thorough investigation to satisfy itself that - on the evidence thus far - no breach of the rules has been committed by any of its employees.